| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
214,000 | 212,000 | 187,000 | 193,000 | 172,000 | 174,000 | 104,000 | 140,000 | 147,000 | 121,000 | 89,000 | 87,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
409,000 | 382,000 | 345,000 | 321,000 | 305,000 | 301,000 | 248,000 | 248,000 | 227,000 | 238,000 | 211,000 | 208,000 |
(Decrease) increase in net liabilities from price risk management activities | |||||||||||
- | - | - | - | - | - | 18,000 | 175,000 | -9,000 | -118,000 | 145,000 | -350,000 |
Regulatory deferrals-price risk management activities | |||||||||||
- | - | - | - | - | - | -18,000 | -172,000 | -6,000 | 118,000 | -145,000 | 350,000 |
Cascade Crossing transmission project | |||||||||||
- | - | - | - | - | - | 52,000 | 0 | 0 | - | - | - |
Deferred income taxes | |||||||||||
6,000 | -17,000 | 70,000 | 37,000 | 40,000 | 39,000 | 11,000 | 47,000 | 56,000 | 67,000 | 82,000 | 22,000 |
Renewable adjustment clause deferrals | |||||||||||
- | - | - | - | - | - | - | - | 22,000 | -12,000 | -11,000 | - |
Pension and other postretirement benefits | |||||||||||
21,000 | 30,000 | 24,000 | 28,000 | 34,000 | 33,000 | 37,000 | 27,000 | 15,000 | 11,000 | - | - |
Senate Bill 408 amortization | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | -1,000 |
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | |||||||||||
10,000 | 11,000 | 12,000 | 21,000 | 21,000 | 37,000 | 13,000 | 6,000 | 5,000 | 13,000 | 18,000 | 9,000 |
Regulatory deferral of settled derivative instruments | |||||||||||
- | - | - | - | - | -10,000 | -7,000 | 9,000 | 12,000 | 26,000 | -31,000 | 15,000 |
Unrealized losses on non-qualified benefit plan trust assets | |||||||||||
- | - | - | - | -6,000 | -7,000 | -3,000 | -3,000 | 0 | 5,000 | 8,000 | -17,000 |
Decoupling mechanism deferrals, net of amortization | |||||||||||
-2,000 | -2,000 | -22,000 | -6,000 | 14,000 | 6,000 | -6,000 | 2,000 | 3,000 | -10,000 | 7,000 | 0 |
(Amortization) of net benefits due to Tax Reform | |||||||||||
-23,000 | 45,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Share-based Payment Arrangement, Noncash Expense | |||||||||||
9,000 | 5,000 | 7,000 | - | - | - | - | - | - | - | - | - |
Power cost deferrals, net of amortization | |||||||||||
- | - | - | - | - | - | 6,000 | 4,000 | 10,000 | -1,000 | -18,000 | 2,000 |
Other non-cash income and expenses, net | |||||||||||
-34,000 | -16,000 | -24,000 | -12,000 | -22,000 | -14,000 | -18,000 | -17,000 | -16,000 | -3,000 | -43,000 | -15,000 |
Trojan refund liability | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -34,000 |
Changes in working capital: | |||||||||||
Decrease in accounts receivable and unbilled revenues | |||||||||||
-30,000 | 29,000 | 3,000 | 9,000 | 11,000 | -8,000 | 0 | 4,000 | 15,000 | -24,000 | -11,000 | -6,000 |
(Increase)/decrease in margin deposits | |||||||||||
0 | 5,000 | 3,000 | -25,000 | 22,000 | 2,000 | -37,000 | -34,000 | -3,000 | 27,000 | -133,000 | 163,000 |
Increase in income taxes receivable | |||||||||||
- | - | - | - | - | - | - | - | - | 22,000 | 53,000 | 0 |
(Decrease) in accounts payable and accrued liabilities | |||||||||||
-16,000 | 51,000 | 5,000 | 15,000 | 6,000 | -13,000 | 14,000 | 1,000 | 5,000 | -11,000 | -16,000 | -11,000 |
Other working capital items, net | |||||||||||
12,000 | 11,000 | -1,000 | 4,000 | 4,000 | 12,000 | -17,000 | -1,000 | 7,000 | 0 | -2,000 | 8,000 |
Cash received to be returned to customers pursuant to the Residential Exchange Program, net of amortization | |||||||||||
- | - | - | - | - | 13,000 | 1,000 | 0 | - | - | - | - |
Proceeds received from Trojan spent fuel legal settlement | |||||||||||
- | - | - | - | - | - | 44,000 | 0 | 0 | - | - | - |
Contribution to non-qualified employee benefit trust | |||||||||||
-11,000 | -11,000 | -8,000 | -10,000 | -9,000 | -8,000 | -6,000 | 0 | 0 | - | - | - |
Contribution to pension and other postretirement plans | |||||||||||
-65,000 | -12,000 | -5,000 | -2,000 | - | - | - | - | - | - | - | - |
Contribution to voluntary employees benefit association trust | |||||||||||
- | - | - | - | - | 3,000 | 3,000 | 2,000 | 16,000 | 1,000 | 0 | - |
Contribution to pension plan | |||||||||||
- | - | - | - | - | - | - | - | 26,000 | 30,000 | 0 | 0 |
Distribution of Trojan refund liability | |||||||||||
- | - | - | - | - | - | - | - | - | - | 34,000 | 0 |
Other, net | |||||||||||
38,000 | 13,000 | 13,000 | 17,000 | 12,000 | 10,000 | 15,000 | 6,000 | 6,000 | 20,000 | 3,000 | 1,000 |
Net cash provided by operating activities | |||||||||||
546,000 | 630,000 | 597,000 | 562,000 | 520,000 | 520,000 | 544,000 | 494,000 | 453,000 | 391,000 | 386,000 | 183,000 |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
606,000 | 595,000 | 514,000 | 584,000 | 598,000 | 1,007,000 | 656,000 | 303,000 | 300,000 | 450,000 | 696,000 | 383,000 |
Sales of Nuclear decommissioning trust securities | |||||||||||
13,000 | 15,000 | 21,000 | 27,000 | 22,000 | 17,000 | 25,000 | 23,000 | 46,000 | 50,000 | 36,000 | 23,000 |
Distribution from nuclear decommissioning trust | |||||||||||
- | - | - | - | -50,000 | 6,000 | 44,000 | - | - | 19,000 | 0 | 0 |
Sales tax refund received - Tucannon River Wind Farm | |||||||||||
- | - | - | - | -23,000 | 0 | 0 | 8,000 | 9,000 | 53,000 | 0 | 0 |
Contribution to nuclear decommissioning fund | |||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | - |
Cash received in connection with purchase of 10% interest in Boardman, net of cash paid | |||||||||||
- | - | - | - | - | 8,000 | 0 | 0 | - | - | - | - |
Purchases of Nuclear decommissioning trust securities | |||||||||||
8,000 | 12,000 | 18,000 | 25,000 | 19,000 | 19,000 | 26,000 | 26,000 | 50,000 | 46,000 | 36,000 | 19,000 |
Proceeds from Carty Settlement | |||||||||||
0 | 120,000 | 0 | 0 | - | - | 6,000 | 0 | 0 | - | - | 3,000 |
Proceeds from sale of properties | |||||||||||
- | - | - | - | - | - | 0 | 10,000 | 0 | 0 | - | - |
Other, net | |||||||||||
3,000 | -1,000 | 3,000 | 3,000 | 0 | -13,000 | -3,000 | -2,000 | -5,000 | 3,000 | 4,000 | 6,000 |
Net cash used in investing activities | |||||||||||
-604,000 | -471,000 | -514,000 | -585,000 | -522,000 | -994,000 | -692,000 | -294,000 | -299,000 | -430,000 | -700,000 | -382,000 |
Cash flows from financing activities: | |||||||||||
Proceeds from Issuance of Long-term Debt | |||||||||||
470,000 | 75,000 | 225,000 | 290,000 | 145,000 | 585,000 | 380,000 | 0 | 0 | 249,000 | 580,000 | 50,000 |
Payments on long-term debt | |||||||||||
350,000 | 24,000 | 150,000 | 133,000 | 442,000 | 0 | 100,000 | 100,000 | 73,000 | 186,000 | 142,000 | 56,000 |
Borrowings on short-term debt | |||||||||||
- | - | - | - | - | - | 35,000 | 0 | 0 | 11,000 | 0 | 7,000 |
Repayments of short-term debt | |||||||||||
- | - | - | - | - | - | 35,000 | 0 | 0 | 11,000 | 7,000 | 0 |
Debt extinguishment costs | |||||||||||
9,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net of issuance costs | |||||||||||
- | - | - | - | 271,000 | 0 | 67,000 | 0 | 0 | - | 170,000 | 0 |
Issuance of commercial paper, net | |||||||||||
- | - | - | -6,000 | 6,000 | 0 | 17,000 | 13,000 | 11,000 | 19,000 | -65,000 | 65,000 |
Borrowings on revolving lines of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | 82,000 | 189,000 |
Payments on revolving lines of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | 213,000 | 58,000 |
Dividends paid | |||||||||||
134,000 | 125,000 | 118,000 | 110,000 | 97,000 | 87,000 | 84,000 | 81,000 | 79,000 | 78,000 | 72,000 | 60,000 |
Other | |||||||||||
-8,000 | -5,000 | -7,000 | -16,000 | -4,000 | -4,000 | - | - | - | - | - | - |
Premium paid on repayment of long-term debt | |||||||||||
- | - | - | - | - | - | - | - | 7,000 | 0 | 0 | - |
Debt issuance costs | |||||||||||
- | - | - | - | - | - | 3,000 | 0 | 0 | 2,000 | 5,000 | 1,000 |
Noncontrolling interests capital distributions | |||||||||||
- | - | - | - | - | - | - | - | 4,000 | 10,000 | 7,000 | 0 |
Net cash provided by (used in) financing activities | |||||||||||
-31,000 | -79,000 | -50,000 | 25,000 | -121,000 | 494,000 | 243,000 | -194,000 | -152,000 | 12,000 | 335,000 | 136,000 |
(Decrease) increase in cash and cash equivalents | |||||||||||
-89,000 | 80,000 | 33,000 | 2,000 | -123,000 | 20,000 | 95,000 | 6,000 | 2,000 | -27,000 | 21,000 | -63,000 |
Supplemental cash flow information is as follows: | |||||||||||
Cash paid for interest, net of amounts capitalized | |||||||||||
116,000 | 117,000 | 110,000 | 104,000 | 108,000 | 86,000 | 90,000 | 97,000 | 103,000 | 98,000 | 74,000 | 73,000 |
Cash paid for income taxes | |||||||||||
33,000 | 25,000 | 18,000 | 16,000 | 3,000 | 22,000 | 10,000 | 13,000 | 3,000 | 0 | 2,000 | 20,000 |
Non-cash investing and financing activities: | |||||||||||
Accrued capital additions | |||||||||||
76,000 | 61,000 | 53,000 | 50,000 | 32,000 | 70,000 | 84,000 | 19,000 | 19,000 | 12,000 | 17,000 | 16,000 |
Assets obtained under leasing arrangements | |||||||||||
210,000 | 24,000 | 87,000 | 78,000 | 0 | 0 | - | - | - | - | - | - |
Preliminary engineering transferred to Construction work in progress from Other noncurrent assets | |||||||||||
- | - | - | - | - | - | 9,000 | 0 | 7,000 | 0 | 0 | - |
Former parents capital contribution of Oregon tax credits | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,000 |