XML 21 R9.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 656.2 $ 621.7
Reconciliation to cash provided by operating activities    
Depreciation and amortization 456.3 415.3
Deferred income taxes and investment tax credits, net 96.1 31.7
Contributions and payments related to pension and OPEB plans (8.3) (9.7)
Equity income in transmission affiliates, net of distributions (9.4) 4.9
Change in –    
Accounts receivable and unbilled revenues 267.9 235.5
Materials, supplies, and inventories 87.0 72.6
Other current assets 20.0 78.8
Accounts payable (222.7) (85.0)
Other current liabilities (55.1) 0.1
Other, net 3.2 147.5
Net cash provided by operating activities 1,291.2 1,513.4
Investing Activities    
Capital expenditures (855.2) (915.5)
Acquisition of Upstream, net of cash and restricted cash acquired of $9.2 (268.2) 0.0
Acquisition of Forward Wind Energy Center 0.0 (77.1)
Capital contributions to transmission affiliates (21.9) (32.4)
Proceeds from the sale of assets and businesses 30.0 7.9
Proceeds from the sale of investments held in rabbi trust 0.1 16.5
Reimbursement for ATC's construction costs 32.4 0.0
Other, net 16.4 3.8
Net cash used in investing activities (1,066.4) (996.8)
Financing Activities    
Exercise of stock options 50.1 5.1
Purchase of common stock (106.3) (19.8)
Dividends paid on common stock (372.3) (348.7)
Issuance of long-term debt 350.0 600.0
Retirement of long-term debt (17.3) (681.4)
Change in short-term debt (177.4) (74.6)
Other, net (7.0) (3.8)
Net cash used in financing activities (280.2) (523.2)
Net change in cash, cash equivalents, and restricted cash (55.4) (6.6)
Cash, cash equivalents, and restricted cash at beginning of period 146.1 58.6
Cash, cash equivalents, and restricted cash at end of period $ 90.7 $ 52.0