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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 745.5 $ 460.4
Reconciliation to cash provided by operating activities    
Depreciation and amortization 581.5 390.9
Deferred income taxes and investment tax credits, net 439.5 220.1
Contributions and payments related to pension and OPEB plans (23.5) (109.3)
Equity income in transmission affiliate, net of distributions (35.8) (17.8)
Change in -    
Accounts receivable and unbilled revenues 185.2 269.5
Materials, supplies, and inventories 33.8 (101.4)
Other current assets 88.5 75.6
Accounts payable (94.7) (55.9)
Other current liabilities (92.9) 97.9
Other, net (105.2) (155.6)
Net cash provided by operating activities 1,721.9 1,074.4
Investing Activities    
Capital expenditures (1,000.1) (791.8)
Business acquisition, net of cash acquired of $156.3 0.0 (1,329.9)
Capital contributions to transmission affiliate (27.1) (5.6)
Proceeds from the sale of assets and businesses 161.2 26.7
Withdrawal of restricted cash from Rabbi trust for qualifying payments 23.8 0.7
Other, net 0.6 4.0
Net cash used in investing activities (841.6) (2,095.9)
Financing Activities    
Exercise of stock options 40.4 26.4
Purchase of common stock (105.6) (66.1)
Dividends paid on common stock (468.6) (310.9)
Issuance of long-term debt 200.0 1,650.0
Retirement of long-term debt (253.5) (27.1)
Change in short-term debt (305.6) (270.5)
Other, net (12.2) (20.0)
Net cash (used in) provided by financing activities (905.1) 981.8
Net change in cash and cash equivalents (24.8) (39.7)
Cash and cash equivalents at beginning of period 49.8 61.9
Cash and cash equivalents at end of period $ 25.0 $ 22.2