XML 24 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 34.6 $ (4.1)
Adjustments to reconcile net income / (loss) to Net cash provided by operating activities:    
Depreciation and amortization 60.9 59.6
Deferred income taxes 20.9 (10.7)
Gain (Loss) on Disposition of Business, Including Discontinued Operation 0.0 (0.6)
Changes in certain assets and liabilities:    
Accounts receivable, net 6.8 (18.0)
Inventories (11.2) (6.5)
Taxes applicable to subsequent years 69.9 62.9
Current and non-current regulatory assets and liabilities (67.8) 55.4
Prepayments and other current assets (5.5) (3.9)
Increase (Decrease) in Other Noncurrent Assets 3.7 5.9
Accounts payable (36.4) (5.7)
Accrued taxes payable / receivable (71.9) (77.8)
Accrued interest 6.8 5.1
Increase (Decrease) in Other Accrued Liabilities 15.5 0.6
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (7.1) (9.2)
Other (2.3) (1.0)
Net Cash Provided by (Used in) Operating Activities 16.9 52.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (286.0) (193.0)
Payments for (Proceeds from) Removal Costs (16.0) (14.7)
Other investing activities, net 0.2 (0.1)
Net cash used in investing activities (301.8) (207.8)
Cash flows from financing activities:    
Payments of Deferred Finance Costs (0.3) (1.5)
Proceeds from Lines of Credit 205.0 185.0
Repayments of Lines of Credit (240.0) (150.0)
Proceeds from Issuance of Long-term Debt 100.0 140.0
Net cash provided by financing activities 303.7 173.5
Cash, cash equivalents, and restricted cash:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 18.8 17.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 49.4 44.4
Non-cash financing and investing activities:    
Accruals for capital expenditures 46.2 31.4
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 47.2 41.3
Proceeds from Contributions from Parent 239.0 0.0
Subsidiaries [Member]    
Cash flows from operating activities:    
Net income 52.8 14.1
Adjustments to reconcile net income / (loss) to Net cash provided by operating activities:    
Depreciation and amortization 59.9 58.7
Deferred income taxes 11.3 (6.9)
Gain (Loss) on Disposition of Business, Including Discontinued Operation 0.0 (0.6)
Changes in certain assets and liabilities:    
Accounts receivable, net 7.9 (17.7)
Inventories (11.2) (6.5)
Taxes applicable to subsequent years 69.8 62.8
Current and non-current regulatory assets and liabilities (67.8) 55.4
Prepayments and other current assets (7.1) (4.5)
Increase (Decrease) in Other Noncurrent Assets 4.1 5.7
Accounts payable (37.3) (6.8)
Accrued taxes payable / receivable (77.1) (75.9)
Accrued interest 7.1 5.3
Increase (Decrease) in Other Accrued Liabilities 15.3 0.2
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (7.1) (9.2)
Other (2.8) (0.8)
Net Cash Provided by (Used in) Operating Activities 17.8 73.3
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (283.4) (191.0)
Payments for (Proceeds from) Removal Costs (16.0) (14.5)
Other investing activities, net 0.2 0.4
Net cash used in investing activities (299.2) (205.1)
Cash flows from financing activities:    
Payments of Dividends (65.0) (49.0)
Payments of Deferred Finance Costs (0.3) (1.0)
Proceeds from Lines of Credit 205.0 185.0
Repayments of Lines of Credit (205.0) (130.0)
Proceeds from Issuance of Long-term Debt 100.0 140.0
Net cash provided by financing activities 294.7 145.0
Cash, cash equivalents, and restricted cash:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 13.3 13.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 33.1 27.7
Non-cash financing and investing activities:    
Accruals for capital expenditures 46.2 31.2
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 19.2 12.9
Proceeds from Contributions from Parent $ 260.0 $ 0.0