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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 213,300 $ 159,200 $ 152,200
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 210,000 193,900 163,000
Deferred income taxes 22,100 126,500 123,000
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity (19,100) (9,300) (10,000)
Amortization of Regulatory Asset 1,700 1,700 0
Provision for bad debts 4,900 5,100 6,100
Net derivative losses 100 100 200
Changes in operating assets and liabilities:      
Accounts receivable 19,500 10,400 8,900
Accrued unbilled revenues (15,300) 10,400 15,600
Inventories (16,000) 1,900 1,000
Prepayments and other (500) (4,300) (22,700)
Accounts payable (6,600) 11,800 13,800
Net regulatory assets and liabilities (38,200) (38,100) 55,700
Other current liabilities 11,600 3,400 5,200
Pension and other employee benefit obligations (16,000) (21,700) (15,300)
Other (5,800) 19,900 (8,100)
Net cash provided by operating activities 446,300 470,500 387,800
Investing activities      
Utility capital/construction expenditures (1,020,900) (550,600) (502,500)
Proceeds from insurance recoveries 0 0 3,900
Investments in utility money pool arrangement (285,000) (142,000) (75,000)
Receipts from utility money pool arrangement 350,000 77,000 75,000
Other 0 (500) 1,300
Net cash used in investing activities (955,900) (616,100) (499,900)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net 42,000 (50,000) 35,000
Proceeds from issuance of long-term debt 295,000 442,300 296,000
Repayment of long-term debt, including reacquisition premiums 0 (271,600) (200,000)
Borrowings under utility money pool arrangement 595,000 335,000 636,500
Repayments under utility money pool arrangement (595,000) (335,000) (636,500)
Capital contributions from parent 336,800 143,700 66,200
Dividends paid to parent (131,000) (108,800) (85,100)
Net cash provided by financing activities 542,800 155,600 112,100
Net change in cash and cash equivalents 33,200 10,000 0
Cash and cash equivalents at beginning of period 10,800 800 800
Cash and cash equivalents at end of period 44,000 10,800 800
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (71,200) (76,000) (78,200)
Cash paid for income taxes, net 10,600 (41,500) (61,800)
Supplemental disclosure of non-cash investing transactions:      
Inventory transfers to plant, property and equipment 0 13,700 22,600
Property, plant and equipment additions in accounts payable 71,500 85,100 49,500
Allowance for Funds Used During Construction, Investing Activities $ 19,100 $ 9,300 $ 10,000