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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net Income $ 131.3 $ 137.8 $ 152.8
AFUDC – Equity (2.7) (2.6) (1.9)
Income from Equity Investments – Net of Dividends 2.4 2.2 (3.2)
(Gain) / Loss on Investments and Property, Plant and Equipment 1.2 (0.8) (1.3)
Loss on Impairment of Assets 0.0 0.0 12.7
Depreciation Expense 242.0 231.6 217.7
Amortization of PSAs (7.6) (11.4) (11.3)
Amortization of Other Intangible Assets and Other Assets 8.3 9.9 10.4
Deferred Income Tax Benefit (38.5) (26.9) (43.4)
Share-Based and ESOP Compensation Expense 4.9 5.9 6.1
Defined Benefit Pension and Other Postretirement Benefit Expense (3.0) 4.3 0.1
Bad Debt Expense 1.9 1.2 2.7
Provision (Payments) for Tax Reform Refund 0.0 0.0 (0.2)
Fuel Adjustment Clause 15.1 (56.4) 5.0
Provision (Payments) for Interim Rate Refund 18.4 0.0 0.0
Changes in Operating Assets and Liabilities      
Accounts Receivable (14.0) (13.0) (18.2)
Inventories (256.1) (23.5) (1.4)
Prepayments and Other (21.5) (0.5) 0.9
Accounts Payable (1.3) 15.0 11.8
Other Current Liabilities 116.2 28.0 11.7
Cash Contributions to Defined Benefit Pension Plans 0.0 (10.3) (10.7)
Changes in Regulatory and Other Non-Current Assets 24.1 (12.0) (31.0)
Changes in Regulatory and Other Non-Current Liabilities 0.2 (15.0) (9.5)
Cash provided by Operating Activities 221.3 263.5 299.8
Investing Activities      
Proceeds from Sale of Available-for-sale Securities 2.2 6.4 12.8
Payments for Purchase of Available-for-sale Securities (2.4) (3.6) (8.7)
Acquisitions of Subsidiaries – Net of Cash and Restricted Cash Acquired (155.0) 0.0 0.0
Payments for Equity Investments (5.9) (17.6) (99.1)
Additions to Property, Plant and Equipment (220.5) (479.5) (724.7)
Other Investing Activities (2.4) 9.1 6.9
Cash used in Investing Activities (384.0) (485.2) (812.8)
Financing Activities      
Proceeds from Issuance of Common Stock 248.0 69.9 18.1
Equity Issuance Costs (8.1) 0.0 0.0
Proceeds from Issuance of Short-Term and Long-Term Debt 785.4 733.0 672.4
Repayments of Short-Term and Long-Term Debt (877.0) (552.9) (488.6)
Proceeds from Non-Controlling Interest in Subsidiaries - Net of Issuance Costs 155.7 90.9 414.5
Dividends on Common Stock (145.9) (131.9) (128.2)
Other Financing Activities (2.9) (4.8) (2.5)
Cash provided by Financing Activities 155.2 204.2 485.7
Change in Cash, Cash Equivalents and Restricted Cash (7.5) (17.5) (27.3)
Cash and Cash Equivalents $ 40.2 $ 47.7 $ 65.2