XML 54 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net Income (Loss) $ 753,000,000 $ 708,000,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 883,000,000 813,000,000
Deferred Income Taxes 417,000,000 525,000,000
Gain on Settlement with BOA and Enron 0 (51,000,000)
Settlement of Litigation with BOA and Enron 0 (211,000,000)
Carrying Costs Income (31,000,000) (32,000,000)
Allowance for Equity Funds Used During Construction (47,000,000) (43,000,000)
Mark-to-Market of Risk Management Contracts 8,000,000 61,000,000
Amortization of Nuclear Fuel 64,000,000 72,000,000
Property Taxes 68,000,000 62,000,000
Fuel Over/Under-Recovery, Net 91,000,000 (93,000,000)
Change in Other Noncurrent Assets (80,000,000) (11,000,000)
Change in Other Noncurrent Liabilities 31,000,000 83,000,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 93,000,000 53,000,000
Fuel, Materials and Supplies (199,000,000) 146,000,000
Accounts Payable (100,000,000) (87,000,000)
Accrued Taxes, Net (92,000,000) (198,000,000)
Other Current Assets (7,000,000) (9,000,000)
Other Current Liabilities (139,000,000) (56,000,000)
Net Cash Flows from (Used for) Operating Activities 1,713,000,000 1,732,000,000
Investing Activities    
Construction Expenditures (1,371,000,000) (1,113,000,000)
Change in Other Temporary Investments, Net (1,000,000) 11,000,000
Purchases of Investment Securities (546,000,000) (645,000,000)
Sales of Investment Securities 517,000,000 712,000,000
Acquisitions of Nuclear Fuel (11,000,000) (93,000,000)
Acquisitions of Assets/Businesses (88,000,000) (10,000,000)
Acquisition of Cushion Gas from BOA 0 (214,000,000)
Proceeds from Sales of Assets 8,000,000 94,000,000
Other Investing Activities (38,000,000) (22,000,000)
Net Cash Flows from (Used for) Investing Activities (1,530,000,000) (1,280,000,000)
Financing Activities    
Issuance of Common Stock, Net 50,000,000 49,000,000
Issuance of Long-term Debt 1,261,000,000 1,074,000,000
Credit Facility Borrowings 21,000,000 357,000,000
Change in Short-term Debt, Net (425,000,000) 566,000,000
Retirement of Long-term Debt (487,000,000) (1,263,000,000)
Credit Facility Repayments (38,000,000) (630,000,000)
Principal Payments for Capital Lease Obligations (36,000,000) (35,000,000)
Dividends Paid on Common Stock (458,000,000) (446,000,000)
Dividends Paid on Cumulative Preferred Stock 0 (1,000,000)
Other Financing Activities 5,000,000 0
Net Cash Flows from (Used for) Financing Activities (107,000,000) (329,000,000)
Net Increase (Decrease) in Cash and Cash Equivalents 76,000,000 123,000,000
Cash and Cash Equivalents at Beginning of Period 221,000,000 294,000,000
Cash and Cash Equivalents at End of Period 297,000,000 417,000,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 444,000,000 442,000,000
Net Cash Paid (Received) for Income Taxes (42,000,000) 15,000,000
Noncash Acquisitions Under Capital Leases 33,000,000 28,000,000
Construction Expenditures Included in Current Liabilities at June 30, 255,000,000 292,000,000
Noncash Assumption of Liabilities Related to Acquisitions 56,000,000 0
Appalachian Power Co [Member]
   
Operating Activities    
Net Income (Loss) 137,643,000 70,607,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 165,552,000 136,743,000
Deferred Income Taxes 56,927,000 127,525,000
Carrying Costs Income (13,252,000) (9,981,000)
Allowance for Equity Funds Used During Construction (517,000) (2,095,000)
Mark-to-Market of Risk Management Contracts (2,323,000) 7,343,000
Fuel Over/Under-Recovery, Net 26,417,000 (21,132,000)
Change in Other Noncurrent Assets (16,708,000) 11,361,000
Change in Other Noncurrent Liabilities 18,266,000 5,239,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 103,680,000 84,748,000
Fuel, Materials and Supplies (54,954,000) 85,449,000
Accounts Payable (43,538,000) (62,795,000)
Accrued Taxes, Net 30,032,000 (56,411,000)
Other Current Assets 2,579,000 6,281,000
Other Current Liabilities (15,880,000) 3,316,000
Net Cash Flows from (Used for) Operating Activities 393,924,000 386,198,000
Investing Activities    
Construction Expenditures (212,959,000) (191,125,000)
Change in Advances to Affiliates, Net (565,000) (162,787,000)
Other Investing Activities 3,158,000 7,832,000
Net Cash Flows from (Used for) Investing Activities (210,366,000) (346,080,000)
Financing Activities    
Issuance of Long-term Debt 0 640,164,000
Change in Advances from Affiliates, Net (31,260,000) (128,331,000)
Retirement of Long-term Debt (49,512,000) (479,661,000)
Retirement of Cumulative Preferred Stock 0 (8,000)
Principal Payments for Capital Lease Obligations (3,258,000) (3,720,000)
Dividends Paid on Common Stock (100,000,000) (67,500,000)
Dividends Paid on Cumulative Preferred Stock 0 (400,000)
Other Financing Activities 264,000 19,000
Net Cash Flows from (Used for) Financing Activities (183,766,000) (39,437,000)
Net Increase (Decrease) in Cash and Cash Equivalents (208,000) 681,000
Cash and Cash Equivalents at Beginning of Period 2,317,000 951,000
Cash and Cash Equivalents at End of Period 2,109,000 1,632,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 100,319,000 100,127,000
Net Cash Paid (Received) for Income Taxes (10,090,000) (33,371,000)
Noncash Acquisitions Under Capital Leases 1,265,000 565,000
Government Grants Included in Accounts Receivable at June 30, 0 4,061,000
Construction Expenditures Included in Current Liabilities at June 30, 30,439,000 52,421,000
Indiana Michigan Power Co [Member]
   
Operating Activities    
Net Income (Loss) 69,031,000 76,813,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 71,539,000 67,350,000
Deferred Income Taxes 40,899,000 42,561,000
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expense, Net (9,163,000) 23,086,000
Allowance for Equity Funds Used During Construction (5,335,000) (7,440,000)
Mark-to-Market of Risk Management Contracts (2,798,000) 6,183,000
Amortization of Nuclear Fuel 64,228,000 72,474,000
Fuel Over/Under-Recovery, Net (2,650,000) 2,947,000
Change in Other Noncurrent Assets 6,849,000 4,433,000
Change in Other Noncurrent Liabilities 42,793,000 12,055,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 31,614,000 74,240,000
Fuel, Materials and Supplies (8,475,000) 26,103,000
Accounts Payable (33,573,000) (76,440,000)
Accrued Taxes, Net 19,642,000 13,775,000
Other Current Assets (9,183,000) (887,000)
Other Current Liabilities (26,557,000) (321,000)
Net Cash Flows from (Used for) Operating Activities 248,861,000 336,932,000
Investing Activities    
Construction Expenditures (137,473,000) (133,064,000)
Change in Advances to Affiliates, Net (142,752,000) 0
Purchases of Investment Securities (544,981,000) (492,162,000)
Sales of Investment Securities 516,579,000 464,688,000
Acquisitions of Nuclear Fuel (11,263,000) (93,230,000)
Other Investing Activities 26,692,000 17,125,000
Net Cash Flows from (Used for) Investing Activities (293,198,000) (236,643,000)
Financing Activities    
Issuance of Long-term Debt 128,533,000 76,624,000
Change in Advances from Affiliates, Net 0 (18,232,000)
Retirement of Long-term Debt (55,995,000) (116,526,000)
Principal Payments for Capital Lease Obligations (3,490,000) (4,317,000)
Dividends Paid on Common Stock (25,000,000) (37,500,000)
Dividends Paid on Cumulative Preferred Stock 0 (170,000)
Other Financing Activities 167,000 25,000
Net Cash Flows from (Used for) Financing Activities 44,215,000 (100,096,000)
Net Increase (Decrease) in Cash and Cash Equivalents (122,000) 193,000
Cash and Cash Equivalents at Beginning of Period 1,020,000 361,000
Cash and Cash Equivalents at End of Period 898,000 554,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 48,565,000 47,401,000
Net Cash Paid (Received) for Income Taxes (31,921,000) (19,847,000)
Noncash Acquisitions Under Capital Leases 4,341,000 1,218,000
Construction Expenditures Included in Current Liabilities at June 30, 26,509,000 36,109,000
Acquisition of Nuclear Fuel Included in Current Liabilities at June 30, 14,000 0
Ohio Power Co [Member]
   
Operating Activities    
Net Income (Loss) 252,253,000 308,164,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 271,439,000 263,110,000
Deferred Income Taxes 82,961,000 115,726,000
Carrying Costs Income (7,269,000) (20,578,000)
Allowance for Equity Funds Used During Construction (2,038,000) (2,711,000)
Mark-to-Market of Risk Management Contracts (8,328,000) 9,491,000
Property Taxes 109,892,000 108,074,000
Fuel Over/Under-Recovery, Net (19,433,000) (50,113,000)
Change in Other Noncurrent Assets (20,063,000) (54,116,000)
Change in Other Noncurrent Liabilities 416,000 24,932,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 64,404,000 114,701,000
Fuel, Materials and Supplies (70,666,000) 69,406,000
Accounts Payable (134,823,000) (62,574,000)
Accrued Taxes, Net (115,596,000) (156,417,000)
Other Current Assets 7,982,000 3,700,000
Other Current Liabilities (13,884,000) (30,536,000)
Net Cash Flows from (Used for) Operating Activities 397,247,000 640,259,000
Investing Activities    
Construction Expenditures (246,657,000) (201,512,000)
Change in Advances to Affiliates, Net 186,787,000 (53,586,000)
Acquisitions of Assets/Businesses (48,000) (1,714,000)
Proceeds from Sales of Assets 5,475,000 45,129,000
Other Investing Activities 6,753,000 19,495,000
Net Cash Flows from (Used for) Investing Activities (47,690,000) (192,188,000)
Financing Activities    
Issuance of Long-term Debt 0 49,768,000
Retirement of Long-term Debt (194,500,000) (165,000,000)
Retirement of Cumulative Preferred Stock 0 (1,000)
Principal Payments for Capital Lease Obligations (4,920,000) (5,852,000)
Dividends Paid on Common Stock (150,000,000) (325,000,000)
Dividends Paid on Cumulative Preferred Stock 0 (366,000)
Other Financing Activities 134,000 (122,000)
Net Cash Flows from (Used for) Financing Activities (349,286,000) (446,573,000)
Net Increase (Decrease) in Cash and Cash Equivalents 271,000 1,498,000
Cash and Cash Equivalents at Beginning of Period 2,095,000 949,000
Cash and Cash Equivalents at End of Period 2,366,000 2,447,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 107,216,000 109,135,000
Net Cash Paid (Received) for Income Taxes 15,019,000 52,476,000
Noncash Acquisitions Under Capital Leases 4,239,000 1,002,000
Government Grants Included in Accounts Receivable at June 30, 1,094,000 2,000,000
Construction Expenditures Included in Current Liabilities at June 30, 41,873,000 26,719,000
Public Service Co Of Oklahoma [Member]
   
Operating Activities    
Net Income (Loss) 47,859,000 46,949,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 46,923,000 47,959,000
Deferred Income Taxes 15,275,000 33,821,000
Carrying Costs Income (1,142,000) (2,523,000)
Allowance for Equity Funds Used During Construction (890,000) (650,000)
Mark-to-Market of Risk Management Contracts 4,652,000 (292,000)
Property Taxes (19,347,000) (18,742,000)
Fuel Over/Under-Recovery, Net 76,098,000 (55,000)
Change in Other Noncurrent Assets 1,043,000 8,705,000
Change in Other Noncurrent Liabilities (5,409,000) 21,377,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 2,560,000 32,603,000
Fuel, Materials and Supplies 2,481,000 (3,744,000)
Accounts Payable (3,263,000) 29,830,000
Accrued Taxes, Net 32,771,000 16,468,000
Other Current Assets 919,000 (3,070,000)
Other Current Liabilities (3,987,000) 10,048,000
Net Cash Flows from (Used for) Operating Activities 196,543,000 218,684,000
Investing Activities    
Construction Expenditures (102,354,000) (65,343,000)
Change in Advances to Affiliates, Net (80,548,000) (110,000)
Other Investing Activities 413,000 760,000
Net Cash Flows from (Used for) Investing Activities (182,489,000) (64,693,000)
Financing Activities    
Issuance of Long-term Debt 2,395,000 247,554,000
Change in Advances from Affiliates, Net 0 (91,382,000)
Retirement of Long-term Debt (32,000) (275,000,000)
Principal Payments for Capital Lease Obligations (1,704,000) (2,068,000)
Dividends Paid on Common Stock (15,000,000) (32,500,000)
Dividends Paid on Cumulative Preferred Stock 0 (98,000)
Other Financing Activities 107,000 6,000
Net Cash Flows from (Used for) Financing Activities (14,234,000) (153,488,000)
Net Increase (Decrease) in Cash and Cash Equivalents (180,000) 503,000
Cash and Cash Equivalents at Beginning of Period 1,413,000 470,000
Cash and Cash Equivalents at End of Period 1,233,000 973,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 26,581,000 12,293,000
Net Cash Paid (Received) for Income Taxes 5,992,000 383,000
Noncash Acquisitions Under Capital Leases 759,000 415,000
Construction Expenditures Included in Current Liabilities at June 30, 14,881,000 8,319,000
Cash Dividends Declared but Not Paid 15,000,000 0
Southwestern Electric Power Co [Member]
   
Operating Activities    
Net Income (Loss) 91,297,000 80,898,000
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 68,676,000 66,008,000
Deferred Income Taxes 138,594,000 23,562,000
Asset Impairments and Other Related Charges 13,000,000 0
Allowance for Equity Funds Used During Construction (28,185,000) (22,169,000)
Mark-to-Market of Risk Management Contracts 1,927,000 (1,863,000)
Property Taxes (19,790,000) (20,356,000)
Fuel Over/Under-Recovery, Net (4,398,000) (25,144,000)
Change in Other Noncurrent Assets 1,678,000 17,791,000
Change in Other Noncurrent Liabilities 17,707,000 27,255,000
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (12,989,000) 9,062,000
Fuel, Materials and Supplies (16,901,000) (8,929,000)
Accounts Payable 2,938,000 37,823,000
Accrued Taxes, Net (40,616,000) 24,753,000
Other Current Assets (7,685,000) (1,485,000)
Other Current Liabilities (6,367,000) 2,657,000
Net Cash Flows from (Used for) Operating Activities 198,886,000 209,863,000
Investing Activities    
Construction Expenditures (246,957,000) (237,834,000)
Change in Advances to Affiliates, Net (97,022,000) 51,538,000
Other Investing Activities (1,927,000) (7,953,000)
Net Cash Flows from (Used for) Investing Activities (345,906,000) (194,249,000)
Financing Activities    
Issuance of Long-term Debt 336,576,000 0
Credit Facility Borrowings 21,462,000 27,413,000
Change in Advances from Affiliates, Net (132,473,000) 0
Retirement of Long-term Debt (20,000,000) 0
Retirement of Cumulative Preferred Stock 0 (1,000)
Credit Facility Repayments (38,478,000) (33,630,000)
Principal Payments for Capital Lease Obligations (7,899,000) (6,655,000)
Dividends Paid on Common Stock (2,195,000) (2,126,000)
Dividends Paid on Cumulative Preferred Stock 0 (114,000)
Other Financing Activities 3,843,000 74,000
Net Cash Flows from (Used for) Financing Activities 160,836,000 (15,039,000)
Net Increase (Decrease) in Cash and Cash Equivalents 13,816,000 575,000
Cash and Cash Equivalents at Beginning of Period 801,000 1,514,000
Cash and Cash Equivalents at End of Period 14,617,000 2,089,000
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 32,595,000 37,681,000
Net Cash Paid (Received) for Income Taxes (47,741,000) 8,026,000
Noncash Acquisitions Under Capital Leases 12,350,000 4,378,000
Construction Expenditures Included in Current Liabilities at June 30, $ 79,960,000 $ 96,959,000