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Supplemental Financial Information
 9 Months Ended
Sep. 30, 2014
Supplemental Financial Information

 

2. Supplemental Financial Information 

 

Accounts receivable and Inventories are as follows at September 30, 2014 and December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

$ in millions

 

2014

 

2013

 

 

 

 

 

 

 

Accounts receivable, net:

 

 

 

 

 

 

Unbilled revenue

 

$
65.7 

 

$
77.8 

Customer receivables

 

 
112.9 

 

 
102.7 

Amounts due from partners in jointly owned plants

 

 
10.4 

 

 
15.8 

Other

 

 
3.0 

 

 
8.2 

Provision for uncollectible accounts

 

 
(1.3)

 

 
(1.2)

Total accounts receivable, net

 

$
190.7 

 

$
203.3 

 

 

 

 

 

 

 

Inventories, at average cost:

 

 

 

 

 

 

Fuel and limestone

 

$
48.5 

 

$
42.7 

Plant materials and supplies

 

 
36.2 

 

 
38.2 

Other

 

 
1.7 

 

 
1.8 

Total inventories, at average cost

 

$
86.4 

 

$
82.7 

 

Accumulated Other Comprehensive Income / (Loss)

The amounts reclassified out of Accumulated Other Comprehensive Income / (Loss) by component during the three and nine months ended September 30, 2014 and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income / (Loss) components

 

Affected line item in the Condensed Consolidated Statements of Operations

 

Three months ended

 

Nine months ended

 

 

 

 

September 30,

 

September 30,

$ in millions

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on Available-for-sale securities activity (Note 8):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

$
0.3 

 

$
0.6 

 

$
0.6 

 

$
2.1 

 

 

Tax expense

 

 
(0.1)

 

 
(0.2)

 

 
(0.2)

 

 
(0.7)

 

 

Net of income taxes

 

 
0.2 

 

 
0.4 

 

 
0.4 

 

 
1.4 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on cash flow hedges (Note 9):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 
(0.3)

 

 

 -

 

 
(1.0)

 

 

 -

 

 

Revenue

 

 
4.9 

 

 
0.5 

 

 
23.4 

 

 
2.2 

 

 

Purchased power

 

 
0.3 

 

 
1.6 

 

 
(0.8)

 

 
2.9 

 

 

Total before income taxes

 

 
4.9 

 

 
2.1 

 

 
21.6 

 

 
5.1 

 

 

Tax expense

 

 
(1.5)

 

 
(0.8)

 

 
(7.4)

 

 
(2.1)

 

 

Net of income taxes

 

 
3.4 

 

 
1.3 

 

 
14.2 

 

 
3.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension items (Note 7):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefit

 

 

 -

 

 

 -

 

 

 -

 

 
0.3 

 

 

Net of income taxes

 

 

 -

 

 

 -

 

 

 -

 

 
0.3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period, net of income taxes

 

$
3.6 

 

$
1.7 

 

$
14.6 

 

$
4.7 

 

The changes in the components of Accumulated Other Comprehensive Income / (Loss) during the nine months ended September 30, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Gains / (losses) on available-for-sale securities

 

Gains / (losses) on cash flow hedges

 

Change in unfunded pension obligation

 

Total

Balance January 1, 2014

 

$
0.6 

 

$
20.6 

 

$
3.4 

 

$
24.6 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss before reclassifications

 

 
(0.6)

 

 
(23.8)

 

 

 -

 

 
(24.4)

Amounts reclassified from accumulated other comprehensive income / (loss)

 

 
0.4 

 

 
14.2 

 

 

 -

 

 
14.6 

Net current period other comprehensive loss

 

 
(0.2)

 

 
(9.6)

 

 

 -

 

 
(9.8)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance September 30, 2014

 

$
0.4 

 

$
11.0 

 

$
3.4 

 

$
14.8 

   

DP&L [Member]
  
Supplemental Financial Information

   

2.  Supplemental Financial Information 

 

Accounts receivable and Inventories are as follows at September 30, 2014 and December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

$ in millions

 

2014

 

2013

 

 

 

 

 

 

 

Accounts receivable, net:

 

 

 

 

 

 

Unbilled revenue

 

$
36.0 

 

$
47.2 

Customer receivables

 

 
70.3 

 

 
58.2 

Amounts due from partners in jointly owned plants

 

 
10.4 

 

 
15.8 

Other

 

 
27.0 

 

 
27.2 

Provision for uncollectible accounts

 

 
(0.9)

 

 
(0.9)

Total accounts receivable, net

 

$
142.8 

 

$
147.5 

 

 

 

 

 

 

 

Inventories, at average cost:

 

 

 

 

 

 

Fuel and limestone

 

$
48.5 

 

$
42.9 

Plant materials and supplies

 

 
35.0 

 

 
37.0 

Other

 

 
1.7 

 

 
1.8 

Total inventories, at average cost

 

$
85.2 

 

$
81.7 

 

Accumulated Other Comprehensive Income / (Loss)

The amounts reclassified out of Accumulated Other Comprehensive Income / (Loss) by component during the three and nine months ended September 30, 2014 and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income / (Loss) components

 

Affected line item in the Condensed Statements of Operations

 

Three months ended

 

Nine months ended

 

 

 

 

September 30,

 

September 30,

$ in millions

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on Available-for-sale securities activity (Note 8):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

$
0.3 

 

$
0.6 

 

$
0.6 

 

$
2.1 

 

 

Tax expense

 

 
(0.1)

 

 
(0.2)

 

 
(0.2)

 

 
(0.7)

 

 

Net of income taxes

 

 
0.2 

 

 
0.4 

 

 
0.4 

 

 
1.4 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on cash flow hedges (Note 9):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 
(0.2)

 

 
(0.6)

 

 
(0.8)

 

 
(1.8)

 

 

Revenue

 

 
4.9 

 

 
0.4 

 

 
23.4 

 

 
2.1 

 

 

Purchased power

 

 
0.4 

 

 
2.0 

 

 
(0.6)

 

 
4.2 

 

 

Total before income taxes

 

 
5.1 

 

 
1.8 

 

 
22.0 

 

 
4.5 

 

 

Tax expense

 

 
(1.9)

 

 
(0.8)

 

 
(6.7)

 

 
(2.2)

 

 

Net of income taxes

 

 
3.2 

 

 
1.0 

 

 
15.3 

 

 
2.3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension items (Note 7):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification to Other income / (deductions)

 

 
1.0 

 

 
1.4 

 

 
3.1 

 

 
4.2 

 

 

Tax benefit

 

 
(0.3)

 

 
(0.5)

 

 
(1.0)

 

 
(1.5)

 

 

Net of income taxes

 

 
0.7 

 

 
0.9 

 

 
2.1 

 

 
2.7 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period, net of income taxes

 

$
4.1 

 

$
2.3 

 

$
17.8 

 

$
6.4 

 

The changes in the components of Accumulated Other Comprehensive Income / (Loss) during the nine months ended September 30, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ in millions

 

Gains / (losses) on available-for-sale securities

 

Gains / (losses) on cash flow hedges

 

Change in unfunded pension obligation

 

Total

Balance January 1, 2014

 

$
0.8 

 

$
6.2 

 

$
(33.7)

 

$
(26.7)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss before reclassifications

 

 
(0.6)

 

 
(26.3)

 

 

 -

 

 
(26.9)

Amounts reclassified from accumulated other comprehensive income / (loss)

 

 
0.4 

 

 
15.3 

 

 
2.1 

 

 
17.8 

Net current period other comprehensive loss

 

 
(0.2)

 

 
(11.0)

 

 
2.1 

 

 
(9.1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance September 30, 2014

 

$
0.6 

 

$
(4.8)

 

$
(31.6)

 

$
(35.8)