XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net income (loss) $ 107,592 $ 167,475
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 91,184 88,178
Amortization 10,535 5,744
Conservation amortization 28,982 34,107
Deferred income taxes and tax credits, net 41,520 70,591
Net unrealized (gain) loss on derivative instruments (8,793) (75,937)
Derivative contracts classified as financing activities due to merger 8,026 26,049
AFUDC - Equity (1,436) (6,524)
Funding of pension liability (3,000) (5,100)
Regulatory Assets (38,240) (28,953)
Regulatory liabilities 6,407 3,029
Other long-term assets (5,667) 3,099
Other long-term liabilities 21,532 17,586
Change in certain current assets and liabilities:    
Accounts receivable and unbilled revenue 28,650 31,548
Materials and supplies 214 1,827
Fuel and gas inventory 35,451 27,097
Income taxes 148 148
Prepayments and other 539 (3,732)
Purchased gas adjustment (3,079) (5,718)
Accounts payable (13,886) (47,935)
Taxes payable 11,476 16,746
Accrued expenses and other (7,621) (18,060)
Net cash provided by operating activities 310,534 301,265
Investing activities:    
Construction expenditures - excluding equity AFUDC (96,318) (168,337)
Proceeds from disposition of assets 0 108,166
Restricted cash (18,266) 599
Other (4,125) (4,248)
Net cash used in investing activities (118,709) (63,820)
Financing activities:    
Change in short-term debt and leases, net (163,903) (157,895)
Dividends paid (42,081) (42,071)
Redemption of bonds and notes 0 (29,000)
Derivative contracts classified as financing activities due to merger (8,026) (26,049)
Issuance cost of bonds and other 1,464 (3,984)
Net cash provided by (used in) financing activities (212,546) (258,999)
Net increase (decrease) in cash and cash equivalents (20,721) (21,554)
Cash and cash equivalents at beginning of period 44,302 135,542
Cash and cash equivalents at end of period 23,581 113,988
Supplemental cash flow information:    
Cash payments for interest (net of capitalized interest) 90,756 78,346
Subsidiaries [Member]
   
Operating activities:    
Net income (loss) 121,083 179,938
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 91,184 88,178
Amortization 10,535 5,744
Conservation amortization 28,982 34,107
Deferred income taxes and tax credits, net 51,543 79,761
Net unrealized (gain) loss on derivative instruments (7,270) (72,740)
AFUDC - Equity (1,436) (6,524)
Funding of pension liability (3,000) (5,100)
Regulatory Assets (38,240) (28,953)
Regulatory liabilities 6,407 3,029
Other long-term assets (3,251) 2,922
Other long-term liabilities 19,275 18,162
Change in certain current assets and liabilities:    
Accounts receivable and unbilled revenue 28,691 31,313
Materials and supplies 214 1,827
Fuel and gas inventory 35,451 27,097
Income taxes 148 148
Prepayments and other 539 (3,732)
Purchased gas adjustment (3,079) (5,718)
Accounts payable (13,886) (47,721)
Taxes payable 11,476 16,746
Accrued expenses and other (1,276) (8,783)
Net cash provided by operating activities 334,090 309,701
Investing activities:    
Construction expenditures - excluding equity AFUDC (96,318) (168,337)
Proceeds from disposition of assets 0 108,166
Restricted cash (18,266) 599
Other (3,507) (4,184)
Net cash used in investing activities (118,091) (63,756)
Financing activities:    
Change in short-term debt and leases, net (163,903) (157,895)
Dividends paid (74,114) (105,648)
Issuance cost of bonds and other 1,463 (3,985)
Net cash provided by (used in) financing activities (236,554) (267,528)
Net increase (decrease) in cash and cash equivalents (20,555) (21,583)
Cash and cash equivalents at beginning of period 44,111 135,530
Cash and cash equivalents at end of period 23,556 113,947
Supplemental cash flow information:    
Cash payments for interest (net of capitalized interest) $ 59,666 $ 57,646