XML 25 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 551.7 $ 494.1 $ 463.5
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 566.1 475.6 446.2
Deferred income taxes 23.8 207.8 222.0
Allowance for equity funds used during construction (56.4) (29.8) (18.6)
Provision for bad debts 16.4 14.3 14.1
Net realized and unrealized hedging and derivative transactions (6.2) 2.4 1.3
Changes in operating assets and liabilities:      
Accounts receivable (42.8) (2.2) (14.2)
Accrued unbilled revenues (17.7) 1.3 (20.9)
Inventories (20.1) (9.1) 0.2
Prepayments and other 12.8 0.2 68.7
Accounts payable 68.7 20.4 38.4
Net regulatory assets and liabilities (14.6) (22.6) 4.2
Other current liabilities (12.9) 71.8 1.9
Pension and other employee benefit obligations (44.2) (16.5) (10.6)
Other Operating Activities, Cash Flow Statement (16.3) (5.9) (29.9)
Net cash provided by operating activities 1,008.3 1,201.8 1,166.3
Investing activities      
Utility capital/construction expenditures (1,577.2) (1,445.9) (1,095.2)
Proceeds from Insurance Recoveries 0.0 0.0 0.6
Investments in utility money pool arrangement (634.0) (954.0) (444.0)
Repayments from utility money pool arrangement 654.0 934.0 444.0
Other 0.0 (0.7) (1.5)
Net cash used in investing activities (1,557.2) (1,466.6) (1,096.1)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net 307.0 (129.0) 115.0
Borrowings under utility money pool arrangement 780.0 40.0 524.5
Repayments under utility money pool arrangement (780.0) (40.0) (524.5)
Proceeds from issuance of long-term debt 691.1 393.8 244.5
Repayments of long-term debt (300.0) 0.0 (129.5)
Capital contributions from parent 252.1 335.6 38.8
Dividends paid to parent (375.3) (333.9) (336.6)
Other (0.1) (0.1) 0.0
Net cash provided by (used in) financing activities 574.8 266.4 (67.8)
Net change in cash and cash equivalents 25.9 1.6 2.4
Cash and cash equivalents at beginning of period 7.5 5.9  
Cash and cash equivalents at end of period 33.4 7.5 5.9
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (187.2) (175.0) (171.7)
Cash (paid) received for income taxes, net (115.8) (7.7) 22.8
Supplemental disclosure of non-cash investing transactions:      
Accrued property, plant and equipment additions 142.1 199.1 81.1
Inventory transfers to plant, property and equipment 37.2 26.6 40.8
Allowance for Funds Used During Construction, Investing Activities $ 56.4 $ 29.8 $ 18.6