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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 61.9 $ 77.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 103.6 94.9
Deferred income taxes 4.0 15.8
Amortization of investment tax credits (0.4) (0.4)
Allowance for equity funds used during construction (2.2) (6.7)
Changes in operating assets and liabilities:    
Accounts receivable 7.8 8.8
Accrued unbilled revenues 10.4 15.3
Inventories (5.2) (0.6)
Other current assets 10.2 5.1
Accounts payable (9.1) (7.5)
Net regulatory assets and liabilities (0.8) (13.6)
Other current liabilities 3.1 (4.9)
Pension and other employee benefit obligations (7.1) (8.6)
Other, net 2.2 2.0
Net cash provided by operating activities 178.4 177.2
Investing activities    
Utility capital/construction expenditures (145.0) (174.5)
Other, net (0.1) 0.2
Net cash used in investing activities (145.1) (174.3)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 17.0 (11.0)
Proceeds from Issuance of Long-term Debt 0.0 197.1
Repayments of issuances of long-term debt (0.1) 0.0
Capital contributions from parent 21.9 6.9
Dividends paid to parent (72.6) (48.0)
Other, net 0.0 (0.1)
Net cash used in financing activities (33.8) 144.9
Net change in cash and cash equivalents (0.5) 147.8
Cash and cash equivalents at beginning of period 2.2 1.4
Cash and cash equivalents at end of period 1.7 149.2
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (28.7) (22.0)
Cash paid for income taxes, net (8.4) (15.8)
Supplemental disclosure of non-cash investing transactions:    
Accrued property, plant and equipment additions 20.1 22.7
Inventory transfers to property, plant and equipment 4.3 6.4
Allowance for equity funds used during construction $ 2.2 $ 6.7