XML 80 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ (116.8) $ 76.0
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 103.7 99.0
Amortization of intangibles 0.9 5.3
Amortization of debt market value adjustments 0.1 (14.3)
Deferred income taxes (2.5) 31.5
Fixed asset impairment 11.5  
Goodwill Impairment 135.8  
Changes in certain assets and liabilities:    
Accounts receivable 12.7 30.8
Inventories (3.6) 18.6
Prepaid taxes 0.5 0.7
Taxes applicable to subsequent years 52.1 52.1
Deferred regulatory costs, net 4.8 11.6
Accounts payable 7.2 (7.2)
Accrued taxes payable (27.5) (69.3)
Accrued interest payable 14.5 24.3
Pension, retiree and other benefits (5.2) 7.1
Unamortized investment tax credit (0.4) (0.4)
Insurance and claims costs 0.4 (2.4)
Other (13.8) (14.3)
Net cash provided by operating activities 174.4 249.1
Cash flows from investing activities:    
Capital expenditures (81.6) (96.5)
Proceeds from sale of property - other   0.8
Insurance proceeds   7.6
Decrease (increase) in Restricted Cash (9.0) 3.4
Other investing activities, net 1.1 (1.6)
Net cash used for investing activities (93.1) (89.6)
Cash flows from financing activities:    
Deferred Finance Costs (0.3) (11.6)
Payment of long-term debt (30.1) (425.1)
Issuance of long-term debt   644.2
Withdrawals from revolving credit facilities 115.0 50.0
Repayments of borrowings from revolving credit facilities (115.0) (50.0)
Net cash used for financing activities (30.4) 207.5
Cash and cash equivalents:    
Net change 50.9 367.0
Balance at beginning of period 53.2 192.1
Cash and cash equivalents at end of period 104.1 559.1
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 73.8 79.5
Income taxes paid/(refund), net 0.2 (20.2)
Non-cash financing and investing activities:    
Accruals for capital expenditures 6.7 5.4
THE DAYTON POWER AND LIGHT COMPANY [Member]
   
Cash flows from operating activities:    
Net income 76.5 101.4
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 108.2 104.5
Deferred income taxes 2.9 27.1
Changes in certain assets and liabilities:    
Accounts receivable 4.8 30.7
Inventories (3.5) 18.5
Prepaid taxes 0.2 0.8
Taxes applicable to subsequent years 50.5 50.0
Deferred regulatory costs, net 4.8 12.4
Accounts payable 7.9 (7.3)
Accrued taxes payable (40.8) (48.2)
Accrued interest payable (5.7) 2.7
Pension, retiree and other benefits (5.2) 7.1
Unamortized investment tax credit (1.9) (1.9)
Other (9.5) (13.9)
Net cash provided by operating activities 189.2 283.9
Cash flows from investing activities:    
Capital expenditures (78.6) (95.1)
Proceeds from sale of property - other   0.8
Insurance proceeds 0.4 12.1
Decrease (increase) in Restricted Cash (9.4) 3.4
Other investing activities, net 1.1 (1.7)
Net cash used for investing activities (90.1) (83.8)
Cash flows from financing activities:    
Dividends paid on common stock (90.0) (155.0)
Dividends paid on preferred stock (0.7) (0.6)
Borrowings from related party 15.0  
Repayment of borrowings from related party (15.0)  
Deferred Finance Costs (0.2) (6.7)
Payment of long-term debt (0.1) (0.1)
Issuance of long-term debt   444.2
Net cash used for financing activities (91.0) 281.8
Cash and cash equivalents:    
Net change 8.1 481.9
Balance at beginning of period 22.9 28.5
Cash and cash equivalents at end of period 31.0 510.4
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 26.1 28.7
Income taxes paid/(refund), net 0.2 (20.3)
Non-cash financing and investing activities:    
Accruals for capital expenditures 6.7 5.4
Emission Allowances [Member]
   
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (0.2)  
Emission Allowances [Member] | THE DAYTON POWER AND LIGHT COMPANY [Member]
   
Cash flows from investing activities:    
Payments to Acquire Intangible Assets 0.2  
Renewable Energy Certificates [Member]
   
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (3.4) (3.3)
Renewable Energy Certificates [Member] | THE DAYTON POWER AND LIGHT COMPANY [Member]
   
Cash flows from investing activities:    
Payments to Acquire Intangible Assets $ 3.4 $ 3.3