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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 463,491 $ 466,802 $ 455,188
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 446,179 416,427 383,992
Demand side management program amortization 2,138 3,509 4,331
Deferred income taxes 222,002 277,896 227,823
Amortization of Investment Tax Credits (2,805) (2,807) (2,941)
Allowance for equity funds used during construction (18,557) (14,485) (46,784)
Provision for bad debts 14,121 13,052 17,005
Net realized and unrealized hedging and derivative transactions 1,325 2,414 (2,578)
Other Operating Activities, Cash Flow Statement (388) 2,500 0
Changes in operating assets and liabilities:      
Accounts receivable (14,227) 8,872 (42,921)
Accrued unbilled revenues (20,866) 17,837 (23,132)
Inventories 172 33,417 (972)
Prepayments and other 68,693 10,483 (81,715)
Accounts payable 38,439 (40,982) (22,789)
Net regulatory assets and liabilities 4,143 78,055 130,499
Other current liabilities 1,892 19,654 5,284
Pension and other employee benefit obligations (10,627) (23,449) (38,905)
Change in other noncurrent assets (6,750) 4,086 5,537
Change in other noncurrent liabilities (22,120) (35,334) (19,130)
Net cash provided by (used in) operating activities 1,166,255 1,237,947 947,792
Investing activities      
Utility capital/construction expenditures (1,113,800) (995,597) (1,114,338)
Proceeds from Insurance Settlement, Investing Activities 608 0 0
Allowance for equity funds used during construction 18,557 14,485 46,784
Investments in utility money pool arrangement (444,000) (196,300) (603,000)
Repayments from utility money pool arrangement 444,000 212,300 659,000
Payments for (Proceeds from) Other Investing Activities (1,460) 0 0
Net cash provided by (used in) investing activities (1,096,095) (965,112) (1,011,554)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net 115,000 (368,000) 382,000
Borrowings under utility money pool arrangement 524,500 165,000 333,000
Repayments under utility money pool arrangement (524,500) (165,000) (333,000)
Proceeds from issuance of long-term debt 244,507 246,751 295,598
Repayments of long-term debt (129,500) 0 (275,000)
Capital contributions from parent 38,755 175,210 81,498
Dividends paid to parent (336,581) (330,846) (433,788)
Net cash provided by (used in) financing activities (67,819) (276,885) 50,308
Net change in cash and cash equivalents 2,341 (4,050) (13,454)
Cash and cash equivalents at beginning of period 3,585 7,635 21,089
Cash and cash equivalents at end of period 5,926 3,585 7,635
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (171,714) (165,546) (150,011)
Cash received (paid) for income taxes, net 22,827 13,822 (91,810)
Supplemental disclosure of non-cash investing transactions:      
Property, plant and equipment additions in accounts payable $ 68,870 $ 106,912 $ 139,616