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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 208,195 $ 213,904
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 190,911 181,222
Demand side management program amortization 2,288 2,514
Deferred income taxes 65,725 127,490
Amortization of investment tax credits (1,468) (1,479)
Allowance for equity funds used during construction (24,382) (12,714)
Net realized and unrealized hedging and derivative transactions (2,892) (5,094)
Changes in operating assets and liabilities:    
Accounts receivable 20,170 83,949
Accrued unbilled revenues 53,838 56,802
Inventories 31,490 32,123
Prepayments and other 4,636 (8,183)
Accounts payable (83,451) (16,087)
Net regulatory assets and liabilities 51,798 64,131
Other current liabilities (69,978) (63,653)
Pension and other employee benefit obligations (36,769) (44,007)
Change in other noncurrent assets 5,811 479
Change in other noncurrent liabilities (7,313) 2,860
Net cash provided by operating activities 408,609 614,257
Investing activities    
Utility capital/construction expenditures (573,401) (497,626)
Allowance for equity funds used during construction 24,382 12,714
Investments in utility money pool arrangement (567,000) (617,000)
Repayments from utility money pool arrangement 639,000 531,000
Net cash used in investing activities (477,019) (570,912)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 256,800 (154,000)
Borrowings under utility money pool arrangement 129,000 14,000
Repayments under utility money pool arrangement (129,000) (14,000)
Proceeds from issuance of long-term debt 295,642 492,383
Repayments of long-term debt (275,000) (250,000)
Contributions from Parent 35,486 460
Dividends paid to parent (259,156) (133,481)
Net cash provided by (used in) financing activities 53,772 (44,638)
Net change in cash and cash equivalents (14,638) (1,293)
Cash and cash equivalents at beginning of period 21,089 5,150
Cash and cash equivalents at end of period 6,451 3,857
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (74,848) (76,228)
Cash paid for income taxes, net (39,649) (14,922)
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 104,927 $ 73,152