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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 45.7 $ 32.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 78.0 68.9
Deferred income taxes (15.2) 2.0
Allowance for equity funds used during construction (2.5) (1.4)
Provision for Bad Debts 2.8 3.5
Changes in operating assets and liabilities:    
Accounts receivable (4.2) 6.8
Accrued unbilled revenues 10.4 11.5
Inventories 0.2 0.7
Other current assets (0.3) (0.4)
Accounts payable (3.0) (8.9)
Net regulatory assets and liabilities 5.3 2.5
Other current liabilities (1.9) 3.6
Pension and other employee benefit obligations (6.9) (7.1)
Other, net 0.2 1.0
Net cash provided by operating activities 108.6 115.3
Investing activities    
Utility capital/construction expenditures (121.0) (86.8)
Net cash used in investing activities (121.0) (86.8)
Financing activities    
Repayments of short-term borrowings, net (65.0) 1.0
Proceeds from (Repayments of) Long-term Debt 97.6 (0.1)
Capital contributions from parent 37.0 14.8
Dividends paid to parent (31.6) (41.7)
Other, net (0.2) 0.0
Net cash provided by (used in) financing activities 37.8 (28.0)
Net change in cash, cash equivalents and restricted cash 25.4 0.5
Cash, cash equivalents and restricted cash at beginning of period 1.3 2.2
Cash, cash equivalents and restricted cash at end of period 26.7 2.7
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (17.9) (18.2)
Cash paid for income taxes, net (13.1) (3.9)
Supplemental disclosure of non-cash investing transactions:    
Accrued property, plant and equipment additions 18.5 11.5
Inventory transfers to property, plant and equipment 2.3 2.4
Allowance for equity funds used during construction $ 2.5 $ 1.4