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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 111,546 $ 115,874
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 115,803 109,715
Demand side management program amortization 336 733
Deferred income taxes 61,726 64,562
Amortization of investment tax credits (701) (701)
Allowance for equity funds used during construction (4,608) (4,318)
Net realized and unrealized hedging and derivative transactions 1,679 2,782
Other 0 (388)
Changes in operating assets and liabilities:    
Accounts receivable 1,086 39,022
Accrued unbilled revenues 91,100 80,374
Inventories 43,667 40,165
Prepayments and other 659 76,646
Accounts payable (65,886) (32,194)
Net regulatory assets and liabilities 14,345 (27,163)
Other current liabilities 17,860 15,458
Pension and other employee benefit obligations (16,506) (16,318)
Change in other noncurrent assets 936 595
Change in other noncurrent liabilities 479 (7,944)
Net cash provided by operating activities 373,521 456,900
Investing activities    
Utility capital/construction expenditures (272,927) (238,635)
Allowance for equity funds used during construction 4,608 4,318
Investments in utility money pool arrangement (38,000) (314,000)
Repayments from utility money pool arrangement 38,000 221,000
Other 0 683
Net cash used in investing activities (268,319) (326,634)
Financing activities    
Repayments of short-term borrowings, net (98,000) (14,000)
Borrowings under utility money pool arrangement 40,000 0
Repayments under utility money pool arrangement (40,000) 0
Contributions from parent 67,475 (31,162)
Dividends paid to parent (74,208) (83,374)
Proceeds from (Payments for) Other Financing Activities (110) 0
Net cash used in financing activities (104,843) (128,536)
Net change in cash and cash equivalents 359 1,730
Cash and cash equivalents at beginning of period 5,926 3,585
Cash and cash equivalents at end of period 6,285 5,315
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (61,252) (65,225)
Cash (paid) received for income taxes, net (4,804) 74,941
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 69,885 $ 68,817