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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 1,134.7 $ 1,060.5 $ 1,204.9
Reconciliation to cash provided by operating activities      
Depreciation and amortization 926.3 845.8 798.6
Deferred income taxes and investment tax credits, net 162.9 297.3 271.7
Contributions and payments related to pension and OPEB plans (65.9) (77.6) (120.5)
Equity income in transmission affiliate, net of distributions (2.9) (18.6) (4.8)
Change in -      
Accounts receivable and unbilled revenues 98.2 23.5 (86.4)
Materials, supplies, and inventories (1.5) (8.8) 49.3
Other current assets (7.1) (10.0) (7.1)
Accounts payable 1.5 110.6 8.5
Other current liabilities 78.7 (67.6) 161.8
Other, net 20.6 290.4 (197.4)
Net cash provided by operating activities 2,345.5 2,445.5 2,078.6
Investing Activities      
Capital expenditures (2,260.8) (2,115.7) (1,959.5)
Acquisition of Upstream, net of cash and restricted cash acquired of $9.2 million (268.2) 0.0 0.0
Acquisition of Bishop Hill III, net of restricted cash acquired of $4.5 million 0.0 (162.9) 0.0
Acquisition of Forward Wind Energy Center 0.0 (77.1) 0.0
Acquisition of Coyote Ridge 0.0 (61.4) 0.0
Acquisition of Bluewater 0.0 0.0 (226.0)
Capital contributions to transmission affiliates (52.6) (53.5) (109.6)
Proceeds from the sale of assets and businesses 37.6 12.1 24.0
Proceeds from the sale of investments held in rabbi trust 0.2 118.6 8.7
Purchase of investments held in rabbi trust 0.0 (65.0) (3.7)
Reimbursement for ATC's construction costs 32.4 0.0 0.0
Other, net 16.5 20.5 12.0
Net cash used in investing activities (2,494.9) (2,384.4) (2,254.1)
Financing Activities      
Exercise of stock options 67.0 29.1 30.8
Purchase of common stock (140.1) (72.4) (71.3)
Dividends paid on common stock (744.5) (697.3) (656.5)
Issuance of long-term debt 1,895.0 1,740.0 435.0
Retirement of long-term debt (360.1) (953.3) (154.5)
Change in short-term debt (609.3) (4.5) 584.4
Other, net (22.4) (15.2) (6.5)
Net cash provided by financing activities 85.6 26.4 161.4
Net change in cash, cash equivalents, and restricted cash (63.8) 87.5 (14.1)
Cash, cash equivalents, and restricted cash at beginning of year 146.1 58.6 72.7
Cash, cash equivalents, and restricted cash at end of year $ 82.3 $ 146.1 $ 58.6