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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 1,409.7 $ 1,298.5 $ 1,201.4
Reconciliation to cash provided by operating activities      
Depreciation and amortization 1,122.6 1,074.3 975.9
Deferred income taxes and ITCs, net 280.1 151.1 209.4
Contributions and payments related to pension and OPEB plans (15.1) (66.3) (113.2)
Equity income in transmission affiliates, net of distributions (74.3) (25.1) (29.1)
Net change in transmission regulatory assets and liabilities (85.8) 5.7 36.2
Net gain on disposition of assets (66.2) (6.2) (3.5)
Change in -      
Accounts receivable and unbilled revenues, net (342.1) (249.2) 16.1
Materials, supplies, and inventories (171.3) (107.2) 21.2
Amounts recoverable from customers 60.0 (82.3) 0.9
Collateral on deposit (108.1) 4.6 15.6
Other current assets (27.7) 17.6 (3.1)
Accounts payable 121.5 126.9 (61.3)
Other current liabilities 126.9 (17.2) (41.2)
Other, net (169.5) (92.5) (29.3)
Net cash provided by operating activities 2,060.7 2,032.7 2,196.0
Investing Activities      
Capital expenditures (2,314.9) (2,252.8) (2,238.8)
Acquisition of Thunderhead, net of cash acquired of $0.5 (382.0) 0.0 0.0
Acquisition of Jayhawk 0.0 (119.9) 0.0
Acquisition of Blooming Grove, net of restricted cash acquired of $24.1 0.0 0.0 (364.6)
Acquisition of Tatanka Ridge 0.0 0.0 (239.9)
Acquisition of intangible assets (19.2) 0.0 0.0
Capital contributions to transmission affiliates (45.5) 0.0 (21.2)
Proceeds from the sale of assets 69.0 21.9 20.3
Proceeds from the sale of investments held in rabbi trust 15.4 18.7 56.2
Purchase of investments held in rabbi trust 0.0 0.0 (37.8)
Payments for ATC's construction costs that will be reimbursed (24.8) (7.0) (3.5)
Reimbursement for ATC's construction costs 10.2 0.0 1.1
Insurance proceeds received for property damage 41.6 0.0 23.2
Other, net 7.8 27.3 (1.8)
Net cash used in investing activities (2,642.4) (2,311.8) (2,806.8)
Financing Activities      
Exercise of stock options 33.6 15.7 43.8
Purchase of common stock (69.2) (33.1) (99.2)
Dividends paid on common stock (917.9) (854.8) (798.0)
Issuance of long-term debt 1,999.3 2,383.8 2,373.6
Retirement of long-term debt (92.1) (1,260.4) (1,767.0)
Issuance of short-term loan 2.7 0.9 340.0
Repayment of short-term loan 0.0 (340.0) 0.0
Change in commercial paper (252.6) 459.2 606.1
Payments for debt extinguishment and issuance costs (15.6) (67.2) (55.8)
Purchase of additional ownership interest in Upstream from noncontrolling interest 0.0 0.0 (31.0)
Other, net (11.8) (10.1) (11.4)
Net cash provided by financing activities 676.4 294.0 601.1
Net change in cash, cash equivalents, and restricted cash 94.7 14.9 (9.7)
Cash, cash equivalents, and restricted cash at beginning of year 87.5 72.6 82.3
Cash, cash equivalents, and restricted cash at end of year $ 182.2 $ 87.5 $ 72.6