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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net Income $ 147.9 $ 94.1
Adjustments to Reconcile Net Income to Cash provided by (used in) Operating Activities:    
AFUDC – Equity (2.5) (2.4)
Income from Equity Investments – Net of Dividends 0.6 3.8
Loss on Investments and Property, Plant and Equipment 0.6 2.1
Depreciation Expense 188.2 181.3
Amortization of PSAs (3.9) (6.3)
Amortization of Other Intangible Assets and Other Assets 5.3 6.3
Deferred Income Tax Benefit 1.3 (19.7)
Share-Based and ESOP Compensation Expense 4.3 4.2
Defined Benefit Pension and Postretirement Benefit (2.5) (2.2)
Fuel Adjustment Clause 53.8 (3.5)
Bad Debt Expense 1.2 1.4
Provision for Interim Rate Refund 21.0 0.0
Residential Interim Rate Adjustment 0.0 (5.9)
Changes in Operating Assets and Liabilities    
Accounts Receivable 17.2 3.2
Inventories 275.6 (261.4)
Prepayments and Other 0.6 (7.7)
Accounts Payable (8.0) 8.0
Other Current Liabilities (167.9) 63.5
Cash Contributions to Defined Benefit Pension Plans (17.3) 0.0
Changes in Regulatory and Other Non-Current Assets 4.1 28.0
Changes in Regulatory and Other Non-Current Liabilities 0.4 (5.6)
Cash provided by Operating Activities 520.0 81.2
Investing Activities    
Proceeds from Sale of Available-for-sale Securities 0.5 1.7
Payments for Purchase of Available-for-sale Securities (0.8) (1.7)
Acquisition of Subsidiaries - Net of Cash & Restricted Cash Acquired 0.0 (155.0)
Payments for Equity Method Investments (6.6) (5.1)
Additions to Property, Plant and Equipment (184.1) (153.5)
Other Investing Activities (9.6) 2.5
Cash used in Investing Activities (200.6) (311.1)
Financing Activities    
Proceeds from Issuance of Common Stock 11.4 244.4
Equity Issuance Costs 0.0 (8.1)
Proceeds from Issuance of Short-Term and Long-Term Debt 409.8 710.5
Repayments of Short-Term and Long-Term Debt (533.4) (761.0)
Proceeds from Non-Controlling Interest in Subsidiaries – Net 9.9 155.7
Distributions to Non-Controlling Interest (8.5) 0.0
Dividends on Common Stock (116.5) (108.6)
Other Financing Activities (1.1) (2.1)
Cash provided by (used in) Financing Activities (228.4) 230.8
Change in Cash, Cash Equivalents and Restricted Cash 91.0 0.9
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 40.2 47.7
Cash, Cash Equivalents and Restricted Cash at End of Period $ 131.2 $ 48.6