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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 34,779 $ 36,257
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 44,539 39,754
Deferred income taxes 20,219 16,877
Amortization of investment tax credits (264) (337)
Allowance for equity funds used during construction (3,997) (3,339)
Loss on Monticello life cycle management/extended power uprate project 5,237 0
Net derivative losses 586 108
Changes in operating assets and liabilities:    
Accounts receivable 7,107 2,105
Accrued unbilled revenues 13,636 10,460
Inventories 7,696 2,672
Other current assets 6,876 3,680
Accounts payable 8,058 (3,981)
Net regulatory assets and liabilities (2,182) (23,547)
Other current liabilities 3,222 (22)
Pension and other employee benefit obligations (4,403) (7,378)
Change in other noncurrent assets (8) 101
Change in other noncurrent liabilities 412 872
Net cash provided by operating activities 141,513 74,282
Investing activities    
Utility capital/construction expenditures (150,443) (124,624)
Allowance for equity funds used during construction 3,997 3,339
Other, net (37) 8
Net cash used in investing activities (146,483) (121,277)
Financing activities    
Proceeds from short-term borrowings, net (78,000) (57,000)
Proceeds from notes payable to affiliate 0 30
Proceeds from Issuance of Long-term Debt 98,375 98,926
Repayments of long-term debt (25) (36)
Capital contributions from parent 29,638 20,479
Dividends paid to parent (28,272) (16,089)
Net cash provided by financing activities 21,716 46,310
Net change in cash and cash equivalents 16,746 (685)
Cash and cash equivalents at beginning of period 1,285 1,349
Cash and cash equivalents at end of period 18,031 664
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (13,001) (11,516)
Cash received (paid) for income taxes, net 6,993 (359)
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 13 $ 16,844