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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 118,403 $ 116,605
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 94,654 90,809
Demand side management program amortization 1,144 1,257
Deferred income taxes 41,863 66,372
Amortization of investment tax credits (734) (740)
Allowance for equity funds used during construction (11,430) (5,923)
Net realized and unrealized hedging and derivative transactions 2,818 (164)
Changes in operating assets and liabilities:    
Accounts receivable 410 41,048
Accrued unbilled revenues 63,760 49,579
Inventories 56,296 42,434
Prepayments and other 7,395 (10,662)
Accounts payable (29,270) (18,383)
Net regulatory assets and liabilities 10,199 67,907
Other current liabilities 38,157 10,870
Pension and other employee benefit obligations (35,614) (44,273)
Change in other noncurrent assets 4,616 3,779
Change in other noncurrent liabilities (891) 1,720
Net cash provided by operating activities 361,776 412,235
Investing activities    
Utility capital/construction expenditures (299,086) (226,948)
Allowance for equity funds used during construction 11,430 5,923
Investments in utility money pool arrangement (495,000) (276,000)
Repayments from utility money pool arrangement 317,000 76,000
Net cash used in investing activities (465,656) (421,025)
Financing activities    
Repayments of short-term borrowings, net 0 (154,000)
Borrowings under utility money pool arrangement 2,000 14,000
Repayments under utility money pool arrangement (2,000) (14,000)
Proceeds from issuance of long-term debt 296,045 493,164
Repayments of long-term debt 0 (250,000)
Dividends paid to parent (195,134) (66,803)
Net cash provided by financing activities 100,911 22,361
Net change in cash and cash equivalents (2,969) 13,571
Cash and cash equivalents at beginning of period 21,089 5,150
Cash and cash equivalents at end of period 18,120 18,721
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (55,003) (54,770)
Cash received (paid) for income taxes, net 4,902 (16,308)
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 93,872 $ 81,470