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Consolidated Condensed Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 129.3 $ 131.7
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 161.0 154.9
Deferred income taxes 69.0 72.6
Investment tax credits, net (0.2) (0.2)
Allowance for funds used during construction (0.6) (1.3)
Non-cash stock compensation 4.2 3.4
Gain on sale of business/assets, pretax (0.3) (0.6)
Non-cash debt extinguishment, pretax 0 0.9
Equity in earnings of unconsolidated affiliates, net of cash distributions on earnings 0 (1.2)
Deferred recovery clauses 6.3 12.9
Receivables, less allowance for uncollectibles (2.0) (70.0)
Inventories 13.8 (36.9)
Prepayments and other current assets (3.5) (2.8)
Taxes accrued 22.3 27.2
Interest accrued 4.6 3.9
Accounts payable (34.6) 39.4
Other 17.5 (6.3)
Cash flows from operating activities 386.8 327.6
Cash flows from investing activities    
Capital expenditures (200.2) (275.1)
Allowance for funds used during construction 0.6 1.3
Net proceeds from sale of business/assets 2.9 0.9
Net cash increase from consolidation 0 [1] 24.1 [1]
Contributions to unconsolidated affiliates 0 (1.3)
Other investments 14.4 0.8
Cash flows used in investing activities (182.3) (249.3)
Cash flows from financing activities    
Proceeds from the sale of common stock 5.4 3.0
Proceeds from long-term debt issuance 0 543.5
Repayment of long-term debt/Purchase in lieu of redemption (144.6) (507.6)
Dividends (90.4) (86.7)
Dividend to noncontrolling interest (0.6) (0.7)
Net (decrease) increase in short-term debt 20.0 22.0
Cash flows (used in) financing activities (210.2) (26.5)
Net (decrease) increase in cash and cash equivalents (5.7) 51.8
Cash and cash equivalents at beginning of period 67.5 46.0
Cash and cash equivalents at end of period 61.8 97.8
Tampa Electric Co [Member]
   
Cash flows from operating activities    
Net income 110.6 127.9
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 134.0 129.4
Deferred income taxes 57.5 23.5
Investment tax credits, net (0.2) (0.2)
Allowance for funds used during construction (0.6) (1.3)
Deferred recovery clauses 6.3 12.9
Receivables, less allowance for uncollectibles 16.0 (59.1)
Inventories 13.9 (41.2)
Prepayments (2.4) (1.3)
Taxes accrued 39.3 42.9
Interest accrued 5.2 4.2
Accounts payable (38.3) 27.9
Gain on sale of assets, pretax (0.1) (0.2)
Other 15.2 (4.9)
Cash flows from operating activities 356.4 260.5
Cash flows from investing activities    
Capital expenditures (166.3) (212.7)
Allowance for funds used during construction 0.6 1.3
Net proceeds from sale of assets 2.6 0
Cash flows used in investing activities (163.1) (211.4)
Cash flows from financing activities    
Proceeds from the sale of common stock 0 50.0
Repayment of long-term debt/Purchase in lieu of redemption (75.3) 0
Dividends (105.8) (119.2)
Net (decrease) increase in short-term debt (5.0) 22.0
Cash flows (used in) financing activities (186.1) (47.2)
Net (decrease) increase in cash and cash equivalents 7.2 1.9
Cash and cash equivalents at beginning of period 3.7 5.5
Cash and cash equivalents at end of period $ 10.9 $ 7.4
[1] In accordance with new accounting guidance, effective Jan. 1, 2010, the company reconsolidated $24.1 million in cash and cash equivalents related to two projects in Guatemala.