XML 37 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from (used for) operating activities:      
Net income $ 674 $ 624 $ 567
Adjustments to reconcile net income to net cash flows from (used for) operating activities:      
Depreciation and amortization 657 615 567
Deferred tax expense (benefit) and tax credits (78) (66) 56
Equity component of allowance for funds used during construction (18) (39) (66)
Other 35 37 20
Other changes in assets and liabilities:      
Accounts receivable (530) (468) (472)
Derivative assets (142) (7) 2
Regulatory assets 51 (130) (16)
Regulatory liabilities (66) (113) (40)
Deferred income taxes 193 171 54
Pension and other benefit obligations (137) 27 (25)
DAEC PPA amendment buyout payment 0 (110) 0
Other (57) (40) 13
Net cash flows from (used for) operating activities 582 501 660
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (1,070) (1,293) (1,539)
Other construction and acquisition expenditures (99) (73) (101)
Cash receipts on sold receivables 502 458 413
Other (61) (43) (60)
Net cash flows from (used for) investing activities (728) (951) (1,287)
Cash flows from financing activities:      
Common stock dividends (403) (377) (337)
Proceeds from issuance of common stock, net 28 247 390
Payments to redeem cumulative preferred stock of IPL (200) 0 0
Proceeds from issuance of long-term debt 600 1,250 950
Payments to retire long-term debt (8) (657) (256)
Net change in commercial paper 126 52 (104)
Other (13) (27) (24)
Net cash flows from (used for) financing activities 130 488 619
Net increase (decrease) in cash, cash equivalents and restricted cash (16) 38 (8)
Cash, cash equivalents and restricted cash at beginning of period 56 18 26
Cash, cash equivalents and restricted cash at end of period 40 56 18
Supplemental cash flows information:      
Interest (272) (274) (268)
Income taxes, net (3) 5 21
Significant non-cash investing and financing activities:      
Accrued capital expenditures 141 131 196
Beneficial interest obtained in exchange for securitized accounts receivable 214 188 188
IPL [Member]      
Cash flows from (used for) operating activities:      
Net income 365 334 294
Adjustments to reconcile net income to net cash flows from (used for) operating activities:      
Depreciation and amortization 375 356 327
Deferred tax expense (benefit) and tax credits (14) (52) 15
Equity component of allowance for funds used during construction (7) (17) (35)
Other 11 12 1
Other changes in assets and liabilities:      
Accounts receivable (539) (466) (467)
Derivative assets (55) (7) (5)
Regulatory assets 30 (93) (11)
Accounts payable 15 6 (21)
Regulatory liabilities 1 (20) 2
Deferred income taxes 62 79 35
Pension and other benefit obligations (59) 18 (11)
DAEC PPA amendment buyout payment 0 (110) 0
Other (32) (46) 49
Net cash flows from (used for) operating activities 153 (6) 173
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (384) (687) (1,020)
Cash receipts on sold receivables 502 458 413
Other (27) (72) (60)
Net cash flows from (used for) investing activities 91 (301) (667)
Cash flows from financing activities:      
Common stock dividends (400) (236) (168)
Capital contributions from parent 50 404 125
Payments to redeem cumulative preferred stock of IPL (200) 0 0
Proceeds from issuance of long-term debt 300 400 600
Payments to retire long-term debt 0 (200) 0
Net change in commercial paper 0 0 (50)
Other (10) (20) (16)
Net cash flows from (used for) financing activities (260) 348 491
Net increase (decrease) in cash, cash equivalents and restricted cash (16) 41 (3)
Cash, cash equivalents and restricted cash at beginning of period 50 9 12
Cash, cash equivalents and restricted cash at end of period 34 50 9
Supplemental cash flows information:      
Interest (138) (141) (122)
Income taxes, net 47 (18) 7
Significant non-cash investing and financing activities:      
Accrued capital expenditures 57 73 112
Beneficial interest obtained in exchange for securitized accounts receivable 214 188 188
WPL [Member]      
Cash flows from (used for) operating activities:      
Net income 268 249 233
Adjustments to reconcile net income to net cash flows from (used for) operating activities:      
Depreciation and amortization 276 254 236
Deferred tax expense (benefit) and tax credits (79) (15) 24
Other 11 2 (12)
Other changes in assets and liabilities:      
Derivative assets (87) 0 6
Regulatory liabilities (67) (93) (42)
Deferred income taxes 132 90 20
Pension and other benefit obligations (63) 11 (7)
Other (20) (32) (35)
Net cash flows from (used for) operating activities 371 466 423
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (686) (606) (519)
Other (30) (7) (38)
Net cash flows from (used for) investing activities (716) (613) (557)
Cash flows from financing activities:      
Common stock dividends (168) (160) (144)
Capital contributions from parent 245 25 125
Proceeds from issuance of long-term debt 300 350 350
Payments to retire long-term debt 0 (150) (250)
Net change in commercial paper (21) 89 63
Other (12) (8) (15)
Net cash flows from (used for) financing activities 344 146 129
Net increase (decrease) in cash, cash equivalents and restricted cash (1) (1) (5)
Cash, cash equivalents and restricted cash at beginning of period 3 4 9
Cash, cash equivalents and restricted cash at end of period 2 3 4
Supplemental cash flows information:      
Interest (101) (102) (103)
Income taxes, net (38) 13 (29)
Significant non-cash investing and financing activities:      
Accrued capital expenditures $ 81 $ 55 $ 82