XML 108 R39.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statements of Cash Flows (SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 574,277 [1] $ 539,097 [1]
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 852,028 831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued 305,121 342,641
Changes in working capital:    
Receivables (168,253) (177,445)
Accounts payable (76,803) 23,094
Prepaid taxes and taxes accrued (2,810) 10,104
Interest accrued (39,404) (28,815)
Other working capital accounts (112,386) (126,824)
Changes in provision for estimated losses (5,954) (30,218)
Changes in other regulatory assets 96,549 (22,703)
Changes in pensions and other postretirement liabilities (232,306) (74,187)
Other (9,301) 178,373
Net cash flow provided by operating activities 977,249 1,467,834
INVESTING ACTIVITIES    
Construction expenditures (991,293) (918,582)
Allowance for equity funds used during construction 38,681 30,926
Nuclear fuel purchases (403,168) (218,829)
Proceeds from nuclear decommissioning trust fund sales 636,359 1,487,387
Investment in nuclear decommissioning trust funds (699,530) (1,531,275)
Change in money pool receivable - net 9,106 (22,528)
Decrease (increase) in other investments (42,994) 55,430
Net cash flow used in investing activities (1,827,723) (1,172,901)
FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 1,075,180 525,789
Retirement of long-term debt (555,940) (774,772)
Changes in credit borrowings - net 15,960 17,123
Dividends paid:    
Common stock (296,355) (298,796)
Net cash flow provided by (used in) financing activities 86,170 (669,722)
Net increase (decrease) in cash and cash equivalents (764,614) (374,027)
Cash and cash equivalents at beginning of period 1,294,472 1,709,551
Cash and cash equivalents at end of period 529,858 1,335,524
Cash paid during the period for:    
Interest - net of amount capitalized 267,493 268,624
Income taxes 77 26,054
System Energy
   
OPERATING ACTIVITIES    
Net income 41,322 41,005
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 98,127 88,363
Deferred income taxes, investment tax credits, and non-current taxes accrued (32,655) (50,759)
Changes in working capital:    
Receivables 6,926 6,207
Accounts payable 7,807 (397)
Prepaid taxes and taxes accrued 49,348 68,652
Interest accrued (43,112) (39,416)
Other working capital accounts 2,383 (24,959)
Changes in provision for estimated losses   (2,009)
Changes in other regulatory assets 34,791 (9,292)
Changes in pensions and other postretirement liabilities (19,837) (5,602)
Other (3,021) 57,311
Net cash flow provided by operating activities 142,079 129,154
INVESTING ACTIVITIES    
Construction expenditures (105,653) (70,695)
Proceeds from the transfer of development costs   100,280
Allowance for equity funds used during construction 9,521 4,232
Nuclear fuel purchases (37,709) (129,331)
Proceeds from sale/leaseback of nuclear fuel 12,420  
Proceeds from nuclear decommissioning trust fund sales 106,528 138,232
Investment in nuclear decommissioning trust funds (122,774) (152,291)
Loan to affiliate (20,000)  
Change in money pool receivable - net (61,707) (15,470)
Decrease (increase) in other investments   25,560
Net cash flow used in investing activities (219,374) (99,483)
FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt   57,859
Retirement of long-term debt (38,161) (41,715)
Changes in credit borrowings - net (37,763) 44,411
Dividends paid:    
Common stock (39,300) (36,700)
Other (2,847)  
Net cash flow provided by (used in) financing activities (118,071) 23,855
Net increase (decrease) in cash and cash equivalents (195,366) 53,526
Cash and cash equivalents at beginning of period 263,772 264,482
Cash and cash equivalents at end of period 68,406 318,008
Cash paid during the period for:    
Interest - net of amount capitalized $ 23,592 $ 18,305
[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.