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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 82.4 $ 92.5
Reconciliation to cash provided by operating activities    
Depreciation and amortization 81.1 69.5
Deferred income taxes and investment tax credits, net 44.3 15.7
Contributions and payments related to pension and OPEB plans (0.3) (0.4)
Change in –    
Accounts receivable and unbilled revenues 35.3 5.6
Materials, supplies, and inventories (2.5) (1.5)
Prepaid taxes (16.1) 13.9
Other current assets (1.2) 7.7
Accounts payable (42.7) 50.0
Accrued taxes (8.5) 5.8
Other current liabilities (6.2) (4.8)
Other, net (8.2) (1.6)
Net cash provided by operating activities 157.4 252.4
Investing Activities    
Capital expenditures (186.2) (193.4)
Proceeds from cash surrender value of life insurance 6.6 0.0
Acquisition of Forward Wind Energy Center 0.0 (77.1)
Payments for assets transferred from WBS 0.0 (23.7)
Other, net 1.4 1.6
Net cash used in investing activities (178.2) (292.6)
Financing Activities    
Change in short-term debt (19.1) 24.1
Payment of dividends to parent (60.0) (60.0)
Equity contribution from parent 105.0 70.0
Other, net (0.2) 0.0
Net cash provided by financing activities 25.7 34.1
Net change in cash and cash equivalents 4.9 (6.1)
Cash and cash equivalents at beginning of period 8.9 7.9
Cash and cash equivalents at end of period $ 13.8 $ 1.8