XML 24 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 15.6 $ 14.0
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 39.6 38.0
Deferred income taxes (1.1) 4.6
Gain (Loss) on Disposition of Business, Including Discontinued Operation (0.6) 0.0
Changes in certain assets and liabilities:    
Accounts receivable, net (13.6) 4.4
Inventories (3.5) (0.6)
Taxes applicable to subsequent years 42.7 39.2
Deferred regulatory costs, net 9.1 (9.8)
Prepayments and other current assets (2.3) (5.7)
Accounts payable 3.1 4.1
Accrued taxes payable / receivable (46.0) (57.5)
Accrued interest 0.6 (0.4)
Increase (Decrease) in Other Accrued Liabilities 12.9 (3.7)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (8.5) (11.4)
Other 3.9 1.5
Net Cash Provided by (Used in) Operating Activities 51.9 16.7
Cash flows from investing activities:    
Capital expenditures (133.9) (94.9)
Payments for (Proceeds from) Removal Costs (8.1) (9.2)
Other investing activities, net (0.2) (0.9)
Net cash used in investing activities (142.2) (105.0)
Cash flows from financing activities:    
Payments of Deferred Finance Costs (1.0) (0.4)
Proceeds from Lines of Credit 130.0 80.0
Repayments of Lines of Credit (145.0) 0.0
Proceeds from Issuance of Long-term Debt 140.0 0.0
Net cash provided by financing activities 124.0 79.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 33.7 (8.7)
Cash, cash equivalents, and restricted cash:    
Restricted Cash and Cash Equivalents 60.4 16.8
Non-cash financing and investing activities:    
Accruals for capital expenditures 26.6 15.8
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 28.7 29.6
Subsidiaries [Member]    
Cash flows from operating activities:    
Net income 24.2 26.9
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 38.9 37.2
Deferred income taxes 1.9 3.7
Gain (Loss) on Disposition of Business, Including Discontinued Operation (0.6) 0.0
Changes in certain assets and liabilities:    
Accounts receivable, net (13.0) 5.3
Inventories (3.5) (0.6)
Taxes applicable to subsequent years 42.6 38.9
Deferred regulatory costs, net 9.1 (9.8)
Prepayments and other current assets (3.0) (6.7)
Accounts payable 2.5 2.6
Accrued taxes payable / receivable (41.9) (52.0)
Accrued interest 0.6 0.3
Increase (Decrease) in Other Accrued Liabilities 12.7 (3.8)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (8.5) (11.4)
Other 4.5 2.0
Net Cash Provided by (Used in) Operating Activities 66.5 32.6
Cash flows from investing activities:    
Capital expenditures (133.5) (94.0)
Payments for (Proceeds from) Removal Costs (8.0) (9.2)
Other investing activities, net 0.5 0.9
Net cash used in investing activities (141.0) (102.3)
Cash flows from financing activities:    
Payments of Deferred Finance Costs (1.0) (0.2)
Proceeds from Lines of Credit 130.0 80.0
Repayments of Lines of Credit (130.0) 0.0
Proceeds from Issuance of Long-term Debt 140.0 0.0
Net cash provided by financing activities 105.0 62.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 30.5 (6.9)
Cash, cash equivalents, and restricted cash:    
Restricted Cash and Cash Equivalents 45.0 4.9
Non-cash financing and investing activities:    
Accruals for capital expenditures 26.6 15.7
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 10.0 10.2
Payments of Dividends $ (34.0) $ (17.0)