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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net Income (Loss) $ 1,582,000 $ 1,446,000
Income from Discontinued Operations 18,000 16,000
Income from Continuing Operations 1,564,000 1,430,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 1,528,000 1,418,000
Deferred Income Taxes 529,000 385,000
Carrying Costs Income (18,000) (22,000)
Allowance for Equity Funds Used During Construction (97,000) (74,000)
Mark-to-Market of Risk Management Contracts 18,000 15,000
Amortization of Nuclear Fuel 102,000 114,000
Pension Contributions to Qualified Plan Trust (92,000) (70,000)
Property Taxes 247,000 220,000
Fuel Over/Under-Recovery, Net 93,000 (77,000)
Deferral of Ohio Capacity Costs, Net 35,000 (106,000)
Change in Other Noncurrent Assets (106,000) (41,000)
Change in Other Noncurrent Liabilities (1,000) 271,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (18,000) (19,000)
Fuel, Materials and Supplies 194,000 222,000
Accounts Payable (13,000) (40,000)
Accrued Taxes, Net (68,000) 20,000
Other Current Assets 11,000 0
Other Current Liabilities 2,000 69,000
Net Cash Flows from (Used for) Operating Activities 3,910,000 3,715,000
Investing Activities    
Construction Expenditures (3,283,000) (2,897,000)
Change in Other Temporary Investments, Net 81,000 37,000
Purchases of Investment Securities (1,489,000) (791,000)
Sales of Investment Securities 1,437,000 746,000
Acquisitions of Nuclear Fuel (53,000) (109,000)
Acquisitions of Assets/Businesses (1,000) (45,000)
Other Investing Activities 60,000 (20,000)
Net Cash Flows from (Used for) Investing Activities (3,248,000) (3,079,000)
Financing Activities    
Issuance of Common Stock, Net 68,000 63,000
Issuance of Long-term Debt 2,931,000 1,206,000
Change in Short-term Debt, Net (564,000) 525,000
Retirement of Long-term Debt (2,131,000) (1,536,000)
Make Whole Premium on Extinguishment of Long-term Debt (93,000) 0
Principal Payments for Capital Lease Obligations (74,000) (85,000)
Dividends Paid on Common Stock (783,000) (736,000)
Other Financing Activities (1,000) 3,000
Net Cash Flows from (Used for) Financing Activities (647,000) (560,000)
Net Increase (Decrease) in Cash and Cash Equivalents 15,000 76,000
Cash and Cash Equivalents at Beginning of Period 163,000 118,000
Cash and Cash Equivalents at End of Period 178,000 194,000
Cash Flows from Discontinued Operations    
Operating Activities 10,000 10,000
Investing Activities 2,000 (2,000)
Financing Activities (12,000) (8,000)
Net Change in Cash and Cash Equivalents from Discontinued Operations 0 0
Cash and Cash Equivalents from Discontinued Operations - Beginning of Period 0 0
Cash and Cash Equivalents from Discontinued Operations - End of Period 0 0
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 639,000 649,000
Net Cash Paid (Received) for Income Taxes 116,000 109,000
Noncash Acquisitions Under Capital Leases 97,000 80,000
Construction Expenditures Included in Current Liabilities as of September 30, 579,000 515,000
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, 31,000 0
Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 275,441 186,856
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 292,735 300,125
Deferred Income Taxes 179,143 114,778
Carrying Costs Income (783) 1,130
Allowance for Equity Funds Used During Construction (10,337) (4,525)
Mark-to-Market of Risk Management Contracts (5,902) 255
Pension Contributions to Qualified Plan Trust (9,981) (8,963)
Property Taxes 27,980 25,856
Fuel Over/Under-Recovery, Net (1,729) (114,022)
Change in Other Noncurrent Assets (32,481) (19,178)
Change in Other Noncurrent Liabilities (27,399) 29,312
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 28,753 114,387
Fuel, Materials and Supplies 31,352 78,977
Accounts Payable 2,678 (65,358)
Accrued Taxes, Net (75,290) (43,092)
Other Current Assets (2,628) (3,748)
Other Current Liabilities 15,411 9,085
Net Cash Flows from (Used for) Operating Activities 686,963 601,875
Investing Activities    
Construction Expenditures (456,721) (342,291)
Change in Advances to Affiliates, Net 24,984 22,395
Other Investing Activities 18,868 (1,114)
Net Cash Flows from (Used for) Investing Activities (412,869) (321,010)
Financing Activities    
Issuance of Long-term Debt 726,330 295,039
Change in Advances from Affiliates, Net 35,224 0
Retirement of Long-term Debt (672,552) (512,702)
Repayments of Related Party Debt (86,000) 0
Make Whole Premium on Extinguishment of Long-term Debt (92,658) 0
Principal Payments for Capital Lease Obligations (3,843) (4,255)
Dividends Paid on Common Stock (181,250) (60,000)
Other Financing Activities 453 1,009
Net Cash Flows from (Used for) Financing Activities (274,296) (280,909)
Net Increase (Decrease) in Cash and Cash Equivalents (202) (44)
Cash and Cash Equivalents at Beginning of Period 2,613 2,745
Cash and Cash Equivalents at End of Period 2,411 2,701
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 128,435 136,919
Net Cash Paid (Received) for Income Taxes 33,712 22,148
Noncash Acquisitions Under Capital Leases 2,257 3,451
Construction Expenditures Included in Current Liabilities as of September 30, 80,990 54,463
Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 179,907 141,049
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 150,162 150,062
Deferred Income Taxes 38,338 15,792
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net (148) 23,951
Allowance for Equity Funds Used During Construction (9,107) (14,364)
Mark-to-Market of Risk Management Contracts 12,926 (2,196)
Amortization of Nuclear Fuel 101,649 114,238
Fuel Over/Under-Recovery, Net (16,055) 18,931
Change in Other Noncurrent Assets 27,286 (36,596)
Change in Other Noncurrent Liabilities (6,330) 66,502
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 5,467 59,646
Fuel, Materials and Supplies 29,609 14,884
Accounts Payable (14,001) (12,052)
Accrued Taxes, Net 4,605 30,719
Other Current Assets 6,923 11,741
Other Current Liabilities (9,276) (8,201)
Net Cash Flows from (Used for) Operating Activities 501,955 574,106
Investing Activities    
Construction Expenditures (337,021) (345,369)
Change in Advances to Affiliates, Net (27) 42,364
Purchases of Investment Securities (1,479,149) (789,461)
Sales of Investment Securities 1,437,336 746,272
Acquisitions of Nuclear Fuel (53,262) (109,224)
Other Investing Activities 9,000 11,773
Net Cash Flows from (Used for) Investing Activities (423,123) (443,645)
Financing Activities    
Issuance of Long-term Debt 210,687 99,323
Change in Advances from Affiliates, Net 8,503 95,899
Retirement of Long-term Debt (178,471) (190,550)
Principal Payments for Capital Lease Obligations (29,875) (35,660)
Dividends Paid on Common Stock (90,000) (100,000)
Other Financing Activities 568 628
Net Cash Flows from (Used for) Financing Activities (78,588) (130,360)
Net Increase (Decrease) in Cash and Cash Equivalents 244 101
Cash and Cash Equivalents at Beginning of Period 1,020 1,317
Cash and Cash Equivalents at End of Period 1,264 1,418
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 77,450 75,789
Net Cash Paid (Received) for Income Taxes 17,203 (1,475)
Noncash Acquisitions Under Capital Leases 1,990 5,015
Construction Expenditures Included in Current Liabilities as of September 30, 51,582 69,241
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, 31,140 11
Expected Reimbursement for Spent Nuclear Fuel Dry Cask Storage 2,136 3,208
Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 184,688 171,369
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 178,609 165,152
Amortization Of Generation Deferrals 122,221 82,818
Deferred Income Taxes 28,099 27,990
Carrying Costs Income (10,037) (19,594)
Allowance for Equity Funds Used During Construction (7,015) (4,893)
Mark-to-Market of Risk Management Contracts 31,818 (5,003)
Pension Contributions to Qualified Plan Trust (7,671) (6,547)
Property Taxes 148,407 148,124
Fuel Over/Under-Recovery, Net (15,674) 37,326
Deferral of Ohio Capacity Costs, Net (30,662) (138,737)
Change in Other Noncurrent Assets 29,168 35,962
Change in Other Noncurrent Liabilities 30,913 59,081
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 41,227 (20,395)
Fuel, Materials and Supplies (14,969) (1,247)
Accounts Payable (78,831) (83,029)
Customer Deposits 6,313 2,973
Accrued Taxes, Net (134,699) (173,470)
Other Current Assets (3,233) (947)
Other Current Liabilities (4,707) 26,039
Net Cash Flows from (Used for) Operating Activities 493,965 302,972
Investing Activities    
Construction Expenditures (346,831) (327,972)
Change in Restricted Cash for Securitized Funding 12,492 1,653
Change in Advances to Affiliates, Net 33,344 315,325
Proceeds from Notes Receivable Affiliated 86,000 178,580
Other Investing Activities 10,882 6,807
Net Cash Flows from (Used for) Investing Activities (204,113) 174,393
Financing Activities    
Retirement of Long-term Debt (131,484) (438,583)
Principal Payments for Capital Lease Obligations (2,937) (3,912)
Dividends Paid on Common Stock (156,250) (35,000)
Other Financing Activities 1,197 1,015
Net Cash Flows from (Used for) Financing Activities (289,474) (476,480)
Net Increase (Decrease) in Cash and Cash Equivalents 378 885
Cash and Cash Equivalents at Beginning of Period 2,870 3,004
Cash and Cash Equivalents at End of Period 3,248 3,889
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 79,019 90,188
Net Cash Paid (Received) for Income Taxes 24,060 15,523
Noncash Acquisitions Under Capital Leases 2,115 4,505
Construction Expenditures Included in Current Liabilities as of September 30, 30,209 45,691
Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) 85,522 75,983
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 90,148 73,085
Deferred Income Taxes 40,052 27,327
Allowance for Equity Funds Used During Construction (5,952) (2,215)
Mark-to-Market of Risk Management Contracts (1,875) 432
Pension Contributions to Qualified Plan Trust (5,795) (4,439)
Property Taxes (8,049) (7,970)
Fuel Over/Under-Recovery, Net 76,874 (33,246)
Change in Other Noncurrent Assets (13,066) 2,035
Change in Other Noncurrent Liabilities 7,733 (2,015)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (2,646) 333
Fuel, Materials and Supplies (1,067) 5,755
Accounts Payable (9,339) (28,643)
Accrued Taxes, Net 21,026 32,131
Other Current Assets (1,866) (4,034)
Other Current Liabilities 7,977 17,024
Net Cash Flows from (Used for) Operating Activities 279,677 151,543
Investing Activities    
Construction Expenditures (262,887) (256,741)
Change in Advances to Affiliates, Net (116,345) 0
Other Investing Activities 7,679 2,881
Net Cash Flows from (Used for) Investing Activities (371,553) (253,860)
Financing Activities    
Issuance of Long-term Debt 248,785 74,973
Change in Advances from Affiliates, Net (154,249) 64,095
Retirement of Long-term Debt (319) (34,010)
Principal Payments for Capital Lease Obligations (2,765) (2,785)
Other Financing Activities 735 595
Net Cash Flows from (Used for) Financing Activities 92,187 102,868
Net Increase (Decrease) in Cash and Cash Equivalents 311 551
Cash and Cash Equivalents at Beginning of Period 1,352 1,277
Cash and Cash Equivalents at End of Period 1,663 1,828
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 40,562 37,458
Net Cash Paid (Received) for Income Taxes 12,772 (416)
Noncash Acquisitions Under Capital Leases 1,546 2,098
Construction Expenditures Included in Current Liabilities as of September 30, 37,328 33,527
Southwestern Electric Power Co [Member]    
Operating Activities    
Net Income (Loss) 188,289 130,332
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 143,780 138,316
Deferred Income Taxes 45,672 181,482
Allowance for Equity Funds Used During Construction (18,164) (7,415)
Mark-to-Market of Risk Management Contracts (272) 802
Pension Contributions to Qualified Plan Trust (8,052) (3,832)
Property Taxes (13,024) (12,503)
Fuel Over/Under-Recovery, Net 11,705 (19,547)
Change in Other Noncurrent Assets 2,756 11,926
Change in Other Noncurrent Liabilities (1,820) 39
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 2,764 36,622
Fuel, Materials and Supplies 24,761 22,500
Accounts Payable (17,120) (15,046)
Accrued Taxes, Net 53,155 (76,982)
Accrued Interest (21,231) (24,406)
Other Current Assets 2,794 (7,448)
Other Current Liabilities (23,678) (2,983)
Net Cash Flows from (Used for) Operating Activities 372,315 351,857
Investing Activities    
Construction Expenditures (408,293) (351,666)
Change in Advances to Affiliates, Net (2,038) 0
Other Investing Activities 4,427 4,334
Net Cash Flows from (Used for) Investing Activities (405,904) (347,332)
Financing Activities    
Issuance of Long-term Debt 445,949 99,633
Change in Advances from Affiliates, Net 0 (2,851)
Retirement of Long-term Debt (306,750) (3,250)
Principal Payments for Capital Lease Obligations (13,398) (13,673)
Dividends Paid on Common Stock (90,000) (75,000)
Dividends Paid on Common Stock (3,099) (3,483)
Other Financing Activities 789 844
Net Cash Flows from (Used for) Financing Activities 33,491 2,220
Net Increase (Decrease) in Cash and Cash Equivalents (98) 6,745
Cash and Cash Equivalents at Beginning of Period 14,356 17,241
Cash and Cash Equivalents at End of Period 14,258 23,986
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 106,078 113,137
Net Cash Paid (Received) for Income Taxes 12,320 (13,820)
Noncash Acquisitions Under Capital Leases 1,493 3,923
Construction Expenditures Included in Current Liabilities as of September 30, 85,268 88,291
Noncash Contribution of Mutual Energy SWEPCo, LLC from Parent (1,945) 0
Noncash Increase in Advances to Affiliates, Net due to Contribution of Mutual Energy SWEPCo, LLC $ 1,948 $ 0