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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 1,157.5 $ 1,074.7
Reconciliation to cash provided by operating activities    
Depreciation and amortization 838.0 799.2
Deferred income taxes and ITCs, net 187.8 158.0
Contributions and payments related to pension and OPEB plans (11.6) (11.3)
Equity income in transmission affiliates, net of distributions (47.1) (27.0)
Change in –    
Accounts receivable and unbilled revenues, net 150.9 162.4
Materials, supplies, and inventories (288.8) (117.1)
Prepaid taxes 57.8 37.7
Other prepayments 31.6 30.0
Amounts recoverable from customers 15.3 (119.4)
Other current assets (1.5) 13.8
Accounts payable 82.2 (15.1)
Other current liabilities 68.5 107.5
Other, net (181.1) (86.7)
Net cash provided by operating activities 2,059.5 2,006.7
Investing activities    
Capital expenditures (1,700.7) (1,627.9)
Acquisition of Thunderhead, net of cash acquired of $0.5 (362.9) 0.0
Acquisition of Jayhawk 0.0 (119.8)
Capital contributions to transmission affiliates (39.4) 0.0
Proceeds from the sale of assets 69.0 21.6
Proceeds from the sale of investments held in rabbi trust 15.4 12.7
Insurance proceeds received for property damage 41.6 0.0
Payments for ATC's construction costs that will be reimbursed (20.6) (2.2)
Other, net 11.7 26.9
Net cash used in investing activities (1,985.9) (1,688.7)
Financing activities    
Exercise of stock options 33.1 6.5
Purchase of common stock (68.3) (15.7)
Dividends paid on common stock (688.5) (641.2)
Issuance of long-term debt 1,400.0 1,018.8
Retirement of long-term debt (64.9) (356.2)
Repayment of short-term loan 0.0 (340.0)
Change in commercial paper (640.2) 71.5
Other, net (16.3) (25.1)
Net cash used in financing activities (45.1) (281.4)
Net change in cash, cash equivalents, and restricted cash 28.5 36.6
Cash, cash equivalents, and restricted cash at beginning of period 87.5 72.6
Cash, cash equivalents, and restricted cash at end of period $ 116.0 $ 109.2