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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 420.4 $ 390.4
Reconciliation to cash provided by operating activities    
Depreciation and amortization 226.4 208.6
Deferred income taxes and investment tax credits, net 17.2 17.0
Contributions and payments related to pension and OPEB plans (4.2) (5.3)
Equity income in transmission affiliates, net of distributions (1.9) 7.1
Change in –    
Accounts receivable and unbilled revenues (124.3) (60.1)
Materials, supplies, and inventories 218.3 163.0
Other current assets 125.1 81.3
Accounts payable (204.3) (170.9)
Other current liabilities 54.6 128.6
Other, net 8.4 134.3
Net cash provided by operating activities 735.7 894.0
Investing Activities    
Capital expenditures (358.8) (439.6)
Acquisition of Upstream, net of cash and restricted cash acquired of $9.2 (268.2) 0.0
Capital contributions to transmission affiliates (3.4) (12.8)
Proceeds from the sale of assets 10.6 0.8
Proceeds from the sale of investments held in rabbi trust 0.1 16.5
Other, net 13.1 (0.7)
Net cash used in investing activities (606.6) (435.8)
Financing Activities    
Exercise of stock options 32.6 2.1
Purchase of common stock (70.7) (15.8)
Dividends paid on common stock (186.2) (174.2)
Issuance of long-term debt 350.0 0.0
Retirement of long-term debt (13.3) (12.6)
Change in short-term debt (294.9) (244.3)
Other, net (3.6) (0.3)
Net cash used in financing activities (186.1) (445.1)
Net change in cash, cash equivalents, and restricted cash (57.0) 13.1
Cash, cash equivalents, and restricted cash at beginning of period 146.1 58.6
Cash, cash equivalents, and restricted cash at end of period $ 89.1 $ 71.7