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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 362,354 $ 380,170
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 287,141 271,150
Demand side management program amortization 3,309 3,658
Deferred income taxes 120,585 230,665
Amortization of investment tax credits (2,202) (2,219)
Allowance for equity funds used during construction (36,697) (21,529)
Net realized and unrealized hedging and derivative transactions (6,946) (9,052)
Changes in operating assets and liabilities:    
Accounts receivable 55,070 61,660
Accrued unbilled revenues 58,758 80,347
Inventories (26,409) (28,021)
Prepayments and other 1,001 5,818
Accounts payable (86,984) (28,581)
Net regulatory assets and liabilities 110,692 74,709
Other current liabilities (43,323) (16,662)
Pension and other employee benefit obligations (37,769) (44,101)
Change in other noncurrent assets 5,353 6,917
Change in other noncurrent liabilities (15,355) 7,744
Net cash provided by operating activities 748,578 972,673
Investing activities    
Utility capital/construction expenditures (832,270) (742,822)
Allowance for equity funds used during construction 36,697 21,529
Investments in utility money pool arrangement (587,000) (1,086,000)
Repayments from utility money pool arrangement 659,000 951,000
Net cash used in investing activities (723,573) (856,293)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 253,000 (154,000)
Borrowings under utility money pool arrangement 303,000 14,000
Repayments under utility money pool arrangement (292,000) (14,000)
Proceeds from issuance of long-term debt 295,601 492,372
Repayments of long-term debt (275,000) (250,000)
Contributions from Parent 35,486 4,485
Dividends paid to parent (355,547) (198,941)
Net cash used in financing activities (35,460) (106,084)
Net change in cash and cash equivalents (10,455) 10,296
Cash and cash equivalents at beginning of period 21,089 5,150
Cash and cash equivalents at end of period 10,634 15,446
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (136,045) (131,378)
Cash (paid) received for income taxes, net (67,717) 41,531
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 125,498 $ 100,475