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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 466,802 $ 455,188 $ 453,383
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 416,427 383,992 365,713
Demand side management program amortization 3,509 4,331 4,802
Deferred income taxes 277,896 227,823 316,253
Amortization of Investment Tax Credits (2,807) (2,941) (2,935)
Allowance for equity funds used during construction (14,485) (46,784) (33,173)
Provision for bad debts 13,052 17,005 16,784
Net realized and unrealized hedging and derivative transactions 2,414 (2,578) (3,571)
Other Operating Activities, Cash Flow Statement 2,500 0 0
Changes in operating assets and liabilities:      
Accounts receivable 8,872 (42,921) 5,089
Accrued unbilled revenues 17,837 (23,132) 14,707
Inventories 33,417 (972) (14,857)
Prepayments and other 10,483 (81,715) (7,210)
Accounts payable (40,982) (22,789) 59,361
Net regulatory assets and liabilities 78,055 130,499 108,400
Other current liabilities 19,654 5,284 16,561
Pension and other employee benefit obligations (23,449) (38,905) (48,886)
Change in other noncurrent assets 4,086 5,537 3,862
Change in other noncurrent liabilities (35,334) (19,130) 17,191
Net cash provided by (used in) operating activities 1,237,947 947,792 1,271,474
Investing activities      
Utility capital/construction expenditures (995,597) (1,114,338) (1,066,700)
Allowance for equity funds used during construction 14,485 46,784 33,173
Investments in utility money pool arrangement (196,300) (603,000) (1,495,000)
Repayments from utility money pool arrangement 212,300 659,000 1,423,000
Net cash provided by (used in) investing activities (965,112) (1,011,554) (1,105,527)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net (368,000) 382,000 (154,000)
Borrowings under utility money pool arrangement 165,000 333,000 14,000
Repayments under utility money pool arrangement (165,000) (333,000) (14,000)
Proceeds from issuance of long-term debt 246,751 295,598 492,313
Repayments of long-term debt 0 (275,000) (250,000)
Capital contributions from parent 175,210 81,498 25,621
Dividends paid to parent (330,846) (433,788) (263,942)
Net cash provided by (used in) financing activities (276,885) 50,308 (150,008)
Net change in cash and cash equivalents (4,050) (13,454) 15,939
Cash and cash equivalents at beginning of period 7,635 21,089 5,150
Cash and cash equivalents at end of period 3,585 7,635 21,089
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (165,546) (150,011) (155,457)
Cash received (paid) for income taxes, net 13,822 (91,810) 34,946
Supplemental disclosure of non-cash investing transactions:      
Property, plant and equipment additions in accounts payable $ 106,912 $ 139,616 $ 142,103