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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net Income (Loss) $ 1,007.0 $ 1,062.0
Income (Loss) from Discontinued Operations (2.5) 10.4
Income (Loss) from Continuing Operations 1,009.5 1,051.6
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 1,010.9 993.1
Deferred Income Taxes 552.3 450.2
Carrying Costs Income (10.2) (16.6)
Allowance for Equity Funds Used During Construction (60.5) (63.8)
Mark-to-Market of Risk Management Contracts 48.7 (41.1)
Amortization of Nuclear Fuel 73.2 65.5
Pension Contributions to Qualified Plan Trust (84.8) (92.5)
Property Taxes 131.3 102.0
Deferred Fuel Over/Under-Recovery, Net (5.8) 21.5
Deferral of Ohio Capacity Costs, Net 67.4 (1.1)
Change in Other Noncurrent Assets (191.0) (78.8)
Change in Other Noncurrent Liabilities 1.8 17.5
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (166.0) (34.0)
Fuel, Materials and Supplies (107.0) 148.0
Accounts Payable (22.6) (13.2)
Accrued Taxes, Net (303.7) (112.1)
Other Current Assets 26.3 20.2
Other Current Liabilities (244.0) (217.5)
Net Cash Flows from (Used for) Operating Activities 1,725.8 2,198.9
Investing Activities    
Construction Expenditures (2,285.8) (2,181.5)
Change in Other Temporary Investments, Net 80.9 30.7
Purchases of Investment Securities (1,797.4) (541.5)
Sales of Investment Securities 1,777.0 515.8
Acquisitions of Nuclear Fuel (79.2) (52.2)
Other Investing Activities 4.8 34.2
Net Cash Flows from (Used for) Investing Activities (2,299.7) (2,194.5)
Financing Activities    
Issuance of Common Stock, Net 30.9 55.8
Issuance of Long-term Debt 743.4 2,603.3
Change in Short-term Debt, Net 1,260.3 (241.0)
Retirement of Long-term Debt (784.1) (1,725.7)
Make Whole Premium on Extinguishment of Long-term Debt 0.0 (92.7)
Principal Payments for Capital Lease Obligations (51.0) (49.8)
Dividends Paid on Common Stock (553.1) (522.1)
Other Financing Activities 0.4 0.1
Net Cash Flows from (Used for) Financing Activities 646.8 27.9
Cash Flows from Discontinued Operations    
Operating Activities (2.5) 4.6
Investing Activities 0.0 4.1
Financing Activities 0.0 (8.3)
Net Increase (Decrease) in Cash and Cash Equivalents 70.4 32.7
Cash and Cash Equivalents at Beginning of Period 176.4 162.5
Cash and Cash Equivalents at End of Period 246.8 195.2
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 425.4 430.6
Net Cash Paid (Received) for Income Taxes 26.2 97.7
Noncash Acquisitions Under Capital Leases 52.7 75.8
Construction Expenditures Included in Current Liabilities as of June 30, 554.2 543.0
Construction Expenditures Included in Noncurrent Liabilities as of June 30, 0.0 66.3
Acquisition of Nuclear Fuel Included in Current Liabilities as of June 30, 41.5 0.0
Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 199.7 200.8
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 191.9 196.4
Deferred Income Taxes 68.3 122.5
Carrying Costs Income (0.2) (0.7)
Allowance for Equity Funds Used During Construction (4.6) (6.9)
Mark-to-Market of Risk Management Contracts 24.2 (15.7)
Pension Contributions to Qualified Plan Trust (8.8) (10.0)
Deferred Fuel Over/Under-Recovery, Net 3.8 (15.3)
Change in Other Noncurrent Assets (8.2) (2.0)
Change in Other Noncurrent Liabilities (16.3) (10.2)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (16.7) 18.9
Fuel, Materials and Supplies (31.7) 15.5
Accounts Payable (13.5) (20.6)
Accrued Taxes, Net 7.8 (11.4)
Other Current Assets 3.5 (2.2)
Other Current Liabilities (9.5) (21.0)
Net Cash Flows from (Used for) Operating Activities 389.7 438.1
Investing Activities    
Construction Expenditures (322.3) (293.1)
Change in Advances to Affiliates, Net 1.0 24.8
Other Investing Activities 9.5 7.0
Net Cash Flows from (Used for) Investing Activities (311.8) (261.3)
Financing Activities    
Issuance of Long-term Debt 249.2 726.3
Change in Advances from Affiliates, Net (35.1) 57.4
Retirement of Long-term Debt (136.5) (661.0)
Repayments of Related Party Debt 0.0 (86.0)
Make Whole Premium on Extinguishment of Long-term Debt 0.0 (92.7)
Principal Payments for Capital Lease Obligations (3.1) (2.5)
Dividends Paid on Common Stock (150.0) (118.8)
Other Financing Activities 0.2 0.4
Net Cash Flows from (Used for) Financing Activities (75.3) (176.9)
Cash Flows from Discontinued Operations    
Net Increase (Decrease) in Cash and Cash Equivalents 2.6 (0.1)
Cash and Cash Equivalents at Beginning of Period 2.8 2.6
Cash and Cash Equivalents at End of Period 5.4 2.5
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 90.9 105.6
Net Cash Paid (Received) for Income Taxes 28.3 5.2
Noncash Acquisitions Under Capital Leases 0.8 1.9
Construction Expenditures Included in Current Liabilities as of June 30, 69.1 81.6
Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 126.0 123.3
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 94.1 100.9
Deferred Income Taxes 86.8 48.0
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net (20.6) (11.6)
Allowance for Equity Funds Used During Construction (6.8) (7.0)
Mark-to-Market of Risk Management Contracts 3.1 6.0
Amortization of Nuclear Fuel 73.2 65.5
Pension Contributions to Qualified Plan Trust (12.7) (14.6)
Deferred Fuel Over/Under-Recovery, Net 4.9 (15.1)
Change in Other Noncurrent Assets (1.9) 31.0
Change in Other Noncurrent Liabilities 17.9 (9.8)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (6.0) (2.3)
Fuel, Materials and Supplies (19.3) 31.1
Accounts Payable (26.8) 6.8
Accrued Taxes, Net (9.2) (7.8)
Other Current Assets 8.0 5.2
Other Current Liabilities (19.7) (37.1)
Net Cash Flows from (Used for) Operating Activities 291.0 312.5
Investing Activities    
Construction Expenditures (258.9) (221.6)
Change in Advances to Affiliates, Net (0.7) 0.0
Purchases of Investment Securities (1,796.4) (540.7)
Sales of Investment Securities 1,777.0 515.8
Acquisitions of Nuclear Fuel (79.2) (52.2)
Other Investing Activities 4.0 7.4
Net Cash Flows from (Used for) Investing Activities (354.2) (291.3)
Financing Activities    
Issuance of Long-term Debt 482.7 210.7
Change in Advances from Affiliates, Net (282.9) (1.8)
Retirement of Long-term Debt (53.5) (150.1)
Principal Payments for Capital Lease Obligations (19.8) (20.2)
Dividends Paid on Common Stock (62.5) (60.0)
Other Financing Activities 0.6 0.5
Net Cash Flows from (Used for) Financing Activities 64.6 (20.9)
Cash Flows from Discontinued Operations    
Net Increase (Decrease) in Cash and Cash Equivalents 1.4 0.3
Cash and Cash Equivalents at Beginning of Period 1.1 1.0
Cash and Cash Equivalents at End of Period 2.5 1.3
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 40.3 42.3
Net Cash Paid (Received) for Income Taxes (23.6) 17.1
Noncash Acquisitions Under Capital Leases 16.5 1.4
Construction Expenditures Included in Current Liabilities as of June 30, 89.8 53.1
Acquisition of Nuclear Fuel Included in Current Liabilities as of June 30, 41.5 0.0
Expected Reimbursement for Spent Nuclear Fuel Dry Cask Storage 0.1 0.4
Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 144.8 113.1
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 119.6 114.9
Amortization Of Generation Deferrals 106.9 66.8
Deferred Income Taxes 20.6 15.5
Carrying Costs Income (3.1) (11.6)
Allowance for Equity Funds Used During Construction (3.4) (4.8)
Mark-to-Market of Risk Management Contracts 30.2 9.9
Pension Contributions to Qualified Plan Trust (7.1) (7.7)
Property Taxes 113.2 96.3
Purchased Electricity Over Under Recovery Net (21.1) (22.9)
Deferral of Ohio Capacity Costs, Net 0.0 (30.7)
Change in Other Noncurrent Assets (36.2) 22.9
Change in Other Noncurrent Liabilities 8.6 23.5
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 8.6 38.2
Fuel, Materials and Supplies (3.0) (14.7)
Accounts Payable (4.8) (68.1)
Accrued Taxes, Net (226.8) (99.7)
Other Current Assets (2.2) (0.8)
Other Current Liabilities (39.0) (24.1)
Net Cash Flows from (Used for) Operating Activities 205.8 216.0
Investing Activities    
Construction Expenditures (193.2) (236.0)
Change in Restricted Cash for Securitized Funding 0.5 0.0
Change in Advances to Affiliates, Net 331.1 124.7
Proceeds from Notes Receivable Affiliated 0.0 86.0
Other Investing Activities 6.2 6.3
Net Cash Flows from (Used for) Investing Activities 144.6 (19.0)
Financing Activities    
Change in Advances from Affiliates, Net 177.1 0.0
Retirement of Long-term Debt (372.8) (108.2)
Principal Payments for Capital Lease Obligations (2.0) (1.9)
Dividends Paid on Common Stock (150.0) (87.5)
Other Financing Activities 0.5 1.1
Net Cash Flows from (Used for) Financing Activities (347.2) (196.5)
Cash Flows from Discontinued Operations    
Net Increase (Decrease) in Cash and Cash Equivalents 3.2 0.5
Cash and Cash Equivalents at Beginning of Period 3.1 2.9
Cash and Cash Equivalents at End of Period 6.3 3.4
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 60.0 61.3
Net Cash Paid (Received) for Income Taxes 132.3 20.5
Noncash Acquisitions Under Capital Leases 1.7 1.7
Construction Expenditures Included in Current Liabilities as of June 30, 23.1 42.2
Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) 44.6 40.8
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 72.7 59.3
Deferred Income Taxes 62.6 24.7
Allowance for Equity Funds Used During Construction (3.8) (3.6)
Mark-to-Market of Risk Management Contracts (0.7) (2.5)
Pension Contributions to Qualified Plan Trust (5.6) (5.8)
Property Taxes (16.0) (16.1)
Deferred Fuel Over/Under-Recovery, Net (33.5) 51.6
Change in Other Noncurrent Assets (14.2) (14.3)
Change in Other Noncurrent Liabilities (3.4) 4.8
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (3.8) (6.0)
Fuel, Materials and Supplies (5.6) (0.5)
Accounts Payable 27.0 5.5
Accrued Taxes, Net 21.6 12.5
Other Current Assets (1.1) 0.6
Other Current Liabilities 4.6 (3.6)
Net Cash Flows from (Used for) Operating Activities 145.4 147.4
Investing Activities    
Construction Expenditures (194.0) (180.2)
Change in Advances to Affiliates, Net 47.1 (64.2)
Other Investing Activities 5.1 3.6
Net Cash Flows from (Used for) Investing Activities (141.8) (240.8)
Financing Activities    
Issuance of Long-term Debt 0.0 248.8
Change in Advances from Affiliates, Net 0.0 (154.2)
Retirement of Long-term Debt (0.2) (0.2)
Principal Payments for Capital Lease Obligations (1.8) (1.8)
Other Financing Activities 0.3 0.7
Net Cash Flows from (Used for) Financing Activities (1.7) 93.3
Cash Flows from Discontinued Operations    
Net Increase (Decrease) in Cash and Cash Equivalents 1.9 (0.1)
Cash and Cash Equivalents at Beginning of Period 1.4 1.4
Cash and Cash Equivalents at End of Period 3.3 1.3
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 30.2 25.4
Net Cash Paid (Received) for Income Taxes (42.0) 4.2
Noncash Acquisitions Under Capital Leases 1.6 1.4
Construction Expenditures Included in Current Liabilities as of June 30, 24.3 30.9
Southwestern Electric Power Co [Member]    
Operating Activities    
Net Income (Loss) 68.8 106.2
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 96.9 94.9
Deferred Income Taxes 96.6 31.5
Allowance for Equity Funds Used During Construction (9.4) (11.1)
Mark-to-Market of Risk Management Contracts (3.2) (0.6)
Pension Contributions to Qualified Plan Trust (8.3) (8.1)
Property Taxes (27.4) (26.1)
Deferred Fuel Over/Under-Recovery, Net 5.4 4.9
Change in Other Noncurrent Assets 11.8 (5.0)
Change in Other Noncurrent Liabilities (11.0) 0.1
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 2.5 (14.7)
Fuel, Materials and Supplies 16.8 12.1
Accounts Payable (1.0) (3.2)
Accrued Taxes, Net (7.5) 36.6
Other Current Assets (2.7) 1.4
Other Current Liabilities (21.2) (40.6)
Net Cash Flows from (Used for) Operating Activities 207.1 178.3
Investing Activities    
Construction Expenditures (220.7) (268.4)
Change in Advances to Affiliates, Net 0.0 (138.7)
Other Investing Activities (2.2) 2.1
Net Cash Flows from (Used for) Investing Activities (222.9) (405.0)
Financing Activities    
Issuance of Long-term Debt 0.0 445.9
Change in Advances from Affiliates, Net 96.8 0.0
Retirement of Long-term Debt (1.6) (155.1)
Principal Payments for Capital Lease Obligations (9.3) (9.1)
Dividends Paid on Common Stock (60.0) (60.0)
Dividends Paid on Common Stock (2.3) (2.1)
Other Financing Activities 1.0 0.7
Net Cash Flows from (Used for) Financing Activities 24.6 220.3
Cash Flows from Discontinued Operations    
Net Increase (Decrease) in Cash and Cash Equivalents 8.8 (6.4)
Cash and Cash Equivalents at Beginning of Period 5.2 14.4
Cash and Cash Equivalents at End of Period 14.0 8.0
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 57.5 55.8
Net Cash Paid (Received) for Income Taxes (29.4) 9.6
Noncash Acquisitions Under Capital Leases 5.3 1.2
Construction Expenditures Included in Current Liabilities as of June 30, $ 68.9 $ 73.6