XML 55 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income/ (loss) $ 50.4 $ (215.2)
Adjustments to reconcile net income / (loss) to net cash from operating activities:    
Depreciation and amortization 69.3 69.2
Amortization of intangibles 0.0 0.6
Deferred income taxes (17.5) (2.3)
Goodwill impairment 0.0 135.8
Fixed-asset impairment 0.0 11.5
Changes in certain assets and liabilities:    
Accounts receivable 25.0 6.6
Inventories (4.5) (12.7)
Prepaid taxes (0.5) 1.0
Taxes applicable to subsequent years 38.6 33.5
Deferred regulatory costs, net 21.3 (4.3)
Accounts payable 3.3 18.3
Accrued taxes payable (15.5) 35.8
Accrued interest payable 0.0 (0.4)
Pension, retiree and other benefits 3.8 (6.2)
Other (2.2) (18.5)
Net cash provided by operating activities 171.5 52.7
Cash flows from investing activities:    
Capital expenditures (64.8) (55.2)
Proceeds from sale of business 1.3 0.0
Increase in restricted cash (8.4) (11.0)
Other investing activities, net 0.4 1.2
Net cash used by investing activities (71.7) (66.5)
Cash flows from financing activities:    
Payments of deferred financing costs (0.1) (0.1)
Borrowings from revolving credit facilities 15.0 115.0
Repayment of borrowings from revolving credit facilities (15.0) (115.0)
Retirement of long-term debt (0.1) (0.1)
Net cash used by financing activities (0.2) (0.2)
Cash and cash equivalents:    
Net change 99.6 (14.0)
Balance at beginning of period 17.0 53.2
Cash and cash equivalents at end of period 116.6 39.2
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 55.6 59.3
Income taxes paid / (refunded), net 0.5 0.2
Non-cash financing and investing activities:    
Accruals for capital expenditures 10.0 7.9
THE DAYTON POWER AND LIGHT COMPANY [Member]    
Cash flows from operating activities:    
Net income/ (loss) 60.4 23.3
Adjustments to reconcile net income / (loss) to net cash from operating activities:    
Depreciation and amortization 68.9 71.8
Deferred income taxes (11.6) 2.7
Changes in certain assets and liabilities:    
Accounts receivable 16.2 (0.3)
Inventories (4.7) (12.6)
Prepaid taxes (0.2) 0.0
Taxes applicable to subsequent years 37.4 32.3
Deferred regulatory costs, net 21.3 (4.3)
Accounts payable 3.3 18.4
Accrued taxes payable (8.0) (31.6)
Accrued interest payable 0.0 0.1
Pension, retiree and other benefits 3.8 (6.2)
Other (18.9) (18.3)
Net cash provided by operating activities 167.9 75.3
Cash flows from investing activities:    
Capital expenditures (63.3) (53.0)
Insurance proceeds 3.8 0.4
Increase in restricted cash (8.4) (11.4)
Other investing activities, net 0.4 1.3
Net cash used by investing activities (67.7) (64.2)
Cash flows from financing activities:    
Payments of deferred financing costs 0.0 (0.2)
Dividends paid on common stock to parent (20.0) (15.0)
Borrowings from revolving credit facilities 15.0 0.0
Issuance of notes payable - related party 0.0 15.0
Repayment of notes payable - related party 0.0 (15.0)
Dividends paid on preferred stock (0.4) (0.4)
Repayment of borrowings from revolving credit facilities (15.0) 0.0
Retirement of long-term debt (0.1) (0.1)
Net cash used by financing activities (20.5) (15.7)
Cash and cash equivalents:    
Net change 79.7 (4.6)
Balance at beginning of period 5.4 22.9
Cash and cash equivalents at end of period 85.1 18.3
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 13.5 13.6
Income taxes paid / (refunded), net 0.5 0.2
Non-cash financing and investing activities:    
Accruals for capital expenditures 10.0 7.9
Emission Allowances [Member]    
Cash flows from investing activities:    
Purchase of intangible assets 0.0 (0.1)
Emission Allowances [Member] | THE DAYTON POWER AND LIGHT COMPANY [Member]    
Cash flows from investing activities:    
Purchase of intangible assets 0.0 (0.1)
Renewable Energy Credits [Member]    
Cash flows from investing activities:    
Purchase of intangible assets (0.2) (1.4)
Renewable Energy Credits [Member] | THE DAYTON POWER AND LIGHT COMPANY [Member]    
Cash flows from investing activities:    
Purchase of intangible assets $ (0.2) $ (1.4)