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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 940.2 $ 640.3 $ 589.5
Reconciliation to cash provided by operating activities      
Depreciation and amortization 762.6 583.5 417.0
Deferred income taxes and investment tax credits, net 493.8 418.7 328.1
Contributions and payments related to pension and OPEB plans (28.7) (121.0) (13.9)
Equity income in transmission affiliate, net of distributions (46.6) (11.0) (8.5)
Change in -      
Accounts receivable and unbilled revenues (180.7) 84.0 80.7
Materials, supplies, and inventories 100.0 (69.4) (71.2)
Other current assets 103.1 (27.2) (13.9)
Accounts payable 34.4 (9.3) 23.7
Other current liabilities (20.8) 14.1 (45.3)
Other, net (53.8) (209.1) (87.3)
Net cash provided by operating activities 2,103.5 1,293.6 1,198.9
Investing Activities      
Capital expenditures (1,423.7) (1,266.2) (761.2)
Business acquisition, net of cash acquired 0.0 (1,329.9) 0.0
Cash acquired from business acquisition 156.3    
Capital contributions to transmission affiliate (42.3) (8.7) (13.1)
Proceeds from the sale of assets and businesses 166.3 28.9 13.9
Withdrawal of restricted cash from Rabbi Trust for qualifying payments 26.6 1.4 0.0
Other, net 3.0 57.0 3.6
Net cash used in investing activities (1,270.1) (2,517.5) (756.8)
Financing Activities      
Exercise of stock options 41.6 30.1 50.3
Purchase of common stock (108.0) (74.7) (123.2)
Dividends paid on common stock (624.9) (455.4) (352.0)
Redemption of WPS preferred stock 0.0 (52.7) 0.0
Issuance of long-term debt 400.0 2,150.0 250.0
Retirement of long-term debt (306.0) (529.6) (324.3)
Change in short-term debt (234.8) 163.0 80.2
Other, net (13.6) (18.9) 12.8
Net cash (used in) provided by financing activities (845.7) 1,211.8 (406.2)
Net change in cash and cash equivalents (12.3) (12.1) 35.9
Cash and cash equivalents at beginning of year 49.8 61.9 26.0
Cash and cash equivalents at end of year $ 37.5 $ 49.8 $ 61.9