XML 138 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended 1 Months Ended 12 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2012
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2011
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2010
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2011
Successor [Member]
Dec. 31, 2012
Successor [Member]
Nov. 27, 2011
Predecessor [Member]
Dec. 31, 2010
Predecessor [Member]
Dec. 31, 2012
Emission Allowances [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2011
Emission Allowances [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2010
Emission Allowances [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2012
Emission Allowances [Member]
Successor [Member]
Dec. 31, 2010
Emission Allowances [Member]
Predecessor [Member]
Dec. 31, 2012
Renewable Energy Certificates [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2011
Renewable Energy Certificates [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2010
Renewable Energy Certificates [Member]
THE DAYTON POWER AND LIGHT COMPANY [Member]
Dec. 31, 2012
Renewable Energy Certificates [Member]
Successor [Member]
Dec. 31, 2010
Renewable Energy Certificates [Member]
Predecessor [Member]
Cash flows from operating activities:                                  
Net income $ 91.2 $ 193.2 $ 277.7 $ (6.2) $ (1,729.8) $ 150.5 $ 290.3                    
Adjustments to reconcile Net income to Net cash provided by operating activities:                                  
Depreciation and amortization 141.3 134.9 130.7 11.6 125.4 129.4 139.4                    
Amortization of intangibles       11.6 95.1                        
Amortization of debt market value adjustments         (19.0)                        
Deferred income taxes 3.6 50.7 54.3 0.1 (4.2) 65.5 59.9                    
Gain on liquidation of DPL stock, held in trust   (14.6)   (26.9)                          
Fixed asset impairment 80.8                                
Charge for early redemption of debt           15.3                      
Goodwill Impairment         1,817.2                        
Recognition of deferred SECA revenue (17.8)       (17.8)                        
Changes in certain assets and liabilities:                                  
Accounts receivable 20.9 5.3 15.2 (12.3) 13.4 14.6 (1.5)                    
Inventories 14.2 (11.8) 12.2 (2.3) 15.6 (8.0) 12.4                    
Prepaid taxes 0.1 8.1 (8.9) 0.6   7.1 (9.0)                    
Taxes applicable to subsequent years 5.2 (9.0) (3.6) (71.2) 7.2 58.4 (4.1)                    
Deferred regulatory costs, net (1.5) (12.6) 21.8 0.1 (1.1) (14.4) 21.8                    
Accounts payable (15.3) 7.1 16.9 6.6 (16.2) (0.6) 17.8                    
Accrued taxes payable (8.5) 15.2 1.7 78.5 5.1 (58.6) 1.2                    
Accrued interest payable 5.2 0.2 (5.4) 6.4 1.5 (8.1) (5.1)                    
Pension, retiree and other benefits 28.5 (24.0) (58.2) 10.2 28.5 (34.2) (58.2)                    
Unamortized investment tax credit (2.5) (2.5) (2.8) (0.2) (0.3) (2.3) (2.8)                    
Insurance and claims costs       (0.1) (2.8) 4.3 (6.1)                    
Other (5.6) 24.0 3.7 (7.9) (26.3) 15.5 17.1                    
Net cash provided by operating activities 339.8 364.2 455.3 (1.4) 291.5 334.4 473.1                    
Cash flows from investing activities:                                  
Capital expenditures (195.5) (204.5) (150.0) (30.5) (198.1) (174.2) (152.7)                    
Proceeds from sale of property - other 0.2       1.1                        
Purchase of MC Squared           (8.3)                      
Payments to Acquire Intangible Assets               (0.1) (0.2) (0.9) (0.1) (0.9) (5.4) (4.4) (2.0) (5.4) (2.0)
Increase (Decrease) in Restricted Cash 2.9 (3.8) (6.0) 1.0 2.9 (4.8) (6.0)                    
Purchases of short-term investments and securities           (1.7) (86.4)                    
Sales of short-term investments and securities           70.9 17.1                    
Proceeds from liquidation of DPL stock, held in trust   26.9                              
Other 0.4 1.0 1.4 (0.3) 0.4 1.4 1.4                    
Net cash used for investing activities (197.5) (185.0) (157.5) (30.4) (199.2) (120.7) (229.5)                    
Cash flows from financing activities:                                  
Dividends paid on common stock (145.0) (220.0) (300.0) (63.0) (64.1) (113.0) (139.7)                    
Dividends paid on preferred stock (0.9) (0.9) (0.9)                            
Deferred Finance Costs         (0.8)                        
Proceeds from liquidation of DPL stock, held in trust       26.9                          
Early redemption of Capital Trust II debt           (122.0)                      
Premium paid for early redemption of debt           (12.2)                      
Payment of MC Squared debt           (13.5)                      
Payment of long-term debt (0.1) (0.1)     (0.1) (297.5)                      
Issuance of long-term debt       125.0   300.0                      
Withdrawals from revolving credit facilities   50.0       50.0                      
Repayments of borrowings from revolving credit facilities   (50.0)       (50.0)                      
Contributions to additional paid-in capital from parent   20.0     0.3                        
Repurchase of DPL common stock             (56.4)                    
Repurchase of warrants         (9.0)                        
Exercise of stock options           1.6 1.4                    
Exercise of warrants           14.7                      
Tax impact related to exercise of stock options           1.4 0.2                    
Net cash used for financing activities (146.0) (201.0) (300.9) 88.9 (73.7) (240.5) (194.5)                    
Cash and cash equivalents:                                  
Net change (3.7) (21.8) (3.1) 57.1 18.6 (26.8) 49.1                    
Assumption of cash aquisition       19.2                          
Balance at beginning of period 32.2 54.0 57.1 97.2 173.5 124.0 74.9                    
Cash and cash equivalents at end of period 28.5 32.2 54.0 173.5 192.1 97.2 124.0                    
Supplemental cash flow information:                                  
Interest paid, net of amounts capitalized 35.1 39.2 45.1 6.0 136.9 62.0 77.1                    
Income taxes paid, net 61.9 13.9 87.0   47.6 25.6 87.1                    
Assumption of debit with acquisition       1,250.0                          
Non-cash financing and investing activities:                                  
Accruals for capital expenditures 16.7 26.5 23.2 26.5 16.7 18.9 23.2                    
Long-term liability incurred for purchase of assets   $ 18.7       $ 18.7