PORTLAND GENERAL ELECTRIC COMPANY POR Cash Flow

Portland general electric company (POR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
81,000	61,000	55,000	25,000	73,000	49,000	53,000	46,000	64,000	42,000	40,000	32,000	73,000	61,000	34,000	37,000	61,000	51,000	36,000	35,000	50,000	43,000	38,000	35,000	58,000	47,000	31,000	-22,000	48,000	28,000	37,000	26,000	49,000	29,000	27,000	22,000	69,000	22,000	48,000	24,000	27,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
108,000	104,000	103,000	101,000	101,000	101,000	96,000	93,000	92,000	88,000	87,000	86,000	84,000	77,000	79,000	83,000	82,000	78,000	76,000	76,000	75,000	77,000	76,000	73,000	75,000	62,000	62,000	62,000	62,000	60,000	63,000	63,000	62,000	57,000	59,000	55,000	56,000	65,000	59,000	57,000	57,000
(Decrease) increase in net liabilities from price risk management activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,000	-10,000	-53,000	-	-24,000	65,000	19,000	-17,000	19,000	-21,000	37,000	33,000	78,000	43,000	21,000	17,000	38,000	-35,000	-29,000	-320,000	107,000	201,000	-106,000
Regulatory deferrals-price risk management activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	10,000	53,000	-	24,000	-65,000	-19,000	-53,000	19,000	-21,000	37,000	-312,000	77,000	85,000	-22,000	-32,000	-38,000	35,000	29,000	320,000	-107,000	-201,000	106,000
Deferred income taxes
7,000	3,000	-3,000	-3,000	9,000	-19,000	-4,000	0	6,000	35,000	15,000	3,000	17,000	19,000	-2,000	6,000	14,000	9,000	9,000	12,000	10,000	8,000	11,000	5,000	15,000	13,000	-1,000	-14,000	13,000	-23,000	27,000	19,000	24,000	16,000	7,000	8,000	25,000	19,000	30,000	6,000	12,000
Pension and other postretirement benefits
6,000	5,000	4,000	6,000	6,000	11,000	6,000	7,000	6,000	5,000	6,000	7,000	6,000	7,000	7,000	7,000	7,000	9,000	6,000	10,000	9,000	8,000	8,000	9,000	8,000	9,000	8,000	10,000	10,000	5,000	8,000	7,000	7,000	-	-	-	-	-	-	-	-
Senate Bill 408 amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,000	-6,000	-1,000
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity
3,000	3,000	2,000	2,000	3,000	3,000	2,000	2,000	4,000	3,000	4,000	3,000	2,000	2,000	4,000	8,000	7,000	6,000	6,000	5,000	4,000	11,000	11,000	9,000	6,000	5,000	4,000	2,000	2,000	2,000	1,000	2,000	1,000	2,000	1,000	1,000	1,000	1,000	4,000	4,000	4,000
Regulatory deferral of settled derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,000	3,000	1,000	5,000	-20,000	3,000	5,000	5,000	8,000	-3,000	2,000	2,000	-	-	-	-	-	-	-	-
Decoupling mechanism deferrals, net of amortization
-9,000	4,000	-5,000	3,000	-4,000	-4,000	0	-1,000	3,000	-7,000	0	-6,000	-9,000	-2,000	-1,000	1,000	-4,000	-	-	-	-	-	-	-	-4,000	-1,000	0	0	-5,000	1,000	-3,000	1,000	3,000	-	-	-	-	-	-	-	-
(Amortization) of net benefits due to Tax Reform
-6,000	-7,000	-5,000	-6,000	-5,000	8,000	12,000	10,000	15,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Power cost deferrals, net of amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	-8,000	1,000	3,000	-7,000	5,000	8,000	4,000	0	0	-1,000	0
Other non-cash income and expenses, net
-19,000	4,000	-17,000	-11,000	-10,000	-8,000	-4,000	0	-4,000	-6,000	-2,000	-9,000	-7,000	0	0	-4,000	-8,000	7,000	-16,000	-8,000	-5,000	4,000	-9,000	-2,000	-7,000	-4,000	-4,000	-2,000	-8,000	-2,000	-8,000	-14,000	7,000	-37,000	17,000	-5,000	9,000	-24,000	2,000	10,000	9,000
Changes in working capital:
Decrease in accounts receivable and unbilled revenues
-19,000	20,000	13,000	-64,000	1,000	41,000	14,000	19,000	-45,000	43,000	15,000	-26,000	-29,000	62,000	6,000	-13,000	-46,000	48,000	-5,000	5,000	-37,000	24,000	23,000	-41,000	-14,000	47,000	-8,000	-10,000	-29,000	45,000	1,000	-51,000	9,000	-7,000	-6,000	29,000	-1,000	-78,000	-5,000	92,000	-33,000
(Increase)/decrease in inventories
1,000	-	-10,000	20,000	-3,000	-	-9,000	5,000	2,000	-	-12,000	5,000	-5,000	-	-5,000	5,000	-1,000	-	-7,000	6,000	13,000	-	-2,000	22,000	-2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase)/decrease in margin deposits
19,000	4,000	7,000	-10,000	-1,000	11,000	-2,000	-10,000	6,000	7,000	3,000	-19,000	12,000	0	-7,000	-25,000	7,000	13,000	-8,000	8,000	9,000	6,000	3,000	-15,000	8,000	-27,000	2,000	1,000	-13,000	-7,000	-16,000	7,000	-18,000	-3,000	-16,000	13,000	3,000	88,000	-40,000	-54,000	33,000
(Decrease) in accounts payable and accrued liabilities
-22,000	9,000	40,000	-52,000	-13,000	34,000	37,000	-3,000	-17,000	-9,000	43,000	-19,000	-10,000	-16,000	44,000	-2,000	-11,000	-7,000	35,000	-21,000	-1,000	-31,000	47,000	-23,000	-6,000	1,000	26,000	-9,000	-4,000	43,000	15,000	-39,000	-18,000	2,000	19,000	-6,000	-10,000	5,000	21,000	-26,000	-11,000
Other working capital items, net
9,000	37,000	-9,000	-28,000	12,000	30,000	-6,000	-18,000	5,000	19,000	-9,000	-24,000	13,000	16,000	-6,000	-22,000	16,000	19,000	-8,000	-27,000	20,000	28,000	-10,000	-21,000	15,000	7,000	-13,000	-23,000	12,000	22,000	-31,000	32,000	-24,000	-6,000	18,000	11,000	-16,000	-5,000	14,000	-22,000	13,000
Cash received to be returned to customers pursuant to the Residential Exchange Program, net of amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	-1,000	15,000	1,000	-1,000	-1,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
16,000	7,000	15,000	7,000	9,000	-11,000	7,000	10,000	7,000	-8,000	6,000	10,000	5,000	-12,000	10,000	6,000	13,000	-11,000	9,000	9,000	5,000	-4,000	5,000	7,000	2,000	1,000	11,000	1,000	2,000	0	5,000	3,000	-2,000	10,000	1,000	-5,000	0	35,000	-4,000	-19,000	8,000
Net cash provided by operating activities
155,000	44,000	188,000	158,000	156,000	94,000	198,000	144,000	194,000	78,000	186,000	163,000	170,000	65,000	159,000	177,000	161,000	81,000	191,000	114,000	134,000	47,000	171,000	144,000	158,000	85,000	180,000	114,000	165,000	44,000	183,000	157,000	110,000	54,000	120,000	133,000	146,000	74,000	71,000	178,000	68,000
Cash flows from investing activities:
Capital expenditures
162,000	199,000	136,000	121,000	150,000	194,000	135,000	135,000	131,000	145,000	124,000	131,000	114,000	130,000	135,000	188,000	131,000	146,000	139,000	135,000	178,000	183,000	323,000	316,000	185,000	203,000	193,000	152,000	108,000	85,000	81,000	68,000	69,000	85,000	77,000	69,000	69,000	66,000	120,000	172,000	92,000
Sales of Nuclear decommissioning trust securities
3,000	2,000	4,000	3,000	4,000	4,000	5,000	3,000	3,000	7,000	3,000	4,000	7,000	10,000	6,000	5,000	6,000	11,000	4,000	3,000	4,000	4,000	4,000	3,000	6,000	5,000	6,000	6,000	8,000	5,000	5,000	6,000	7,000	7,000	10,000	11,000	18,000	23,000	9,000	5,000	13,000
Distribution from nuclear decommissioning trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	19,000
Sales tax refund received - Tucannon River Wind Farm
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,000	0	11,000	12,000	0	0	0	0	-	-	-	-	0	0	0	8,000	1,000	0	0	8,000	0	0	53,000	0
Purchases of Nuclear decommissioning trust securities
2,000	0	3,000	3,000	2,000	3,000	4,000	2,000	3,000	6,000	3,000	4,000	5,000	9,000	5,000	5,000	6,000	9,000	3,000	2,000	5,000	4,000	5,000	4,000	6,000	5,000	6,000	6,000	9,000	7,000	6,000	6,000	7,000	9,000	10,000	12,000	19,000	21,000	8,000	5,000	12,000
Proceeds from sale of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,000	0	0	0	0	0	0	0	10,000	0	0	0	0	-	-	-	-
Other, net
-4,000	1,000	0	-1,000	3,000	0	-1,000	1,000	-1,000	1,000	0	1,000	1,000	2,000	1,000	-2,000	2,000	1,000	1,000	-2,000	0	-9,000	0	-2,000	-2,000	1,000	-2,000	0	-2,000	-2,000	-1,000	2,000	-1,000	-2,000	-2,000	-1,000	0	2,000	0	0	1,000
Net cash used in investing activities
-157,000	-198,000	-135,000	-120,000	-151,000	-193,000	-13,000	-135,000	-130,000	-145,000	-124,000	-132,000	-113,000	-131,000	-135,000	-186,000	-133,000	-145,000	-139,000	-71,000	-167,000	-173,000	-327,000	-315,000	-179,000	-201,000	-232,000	-152,000	-107,000	-85,000	-81,000	-70,000	-58,000	-85,000	-75,000	-69,000	-70,000	-66,000	-119,000	-172,000	-73,000
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt
119,000	270,000	0	200,000	0	-	-	-	-	-	-	-	-	25,000	0	125,000	140,000	0	0	70,000	75,000	180,000	180,000	225,000	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	58,000	191,000
Payments on long-term debt
98,000	50,000	0	300,000	0	-	-	-	-	-	-	-	-	0	0	0	133,000	0	55,000	267,000	120,000	0	0	0	0	-	-	-	-	-	-	-	-	63,000	0	0	10,000	0	0	37,000	149,000
Borrowings on short-term debt
20,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,000	4,000	4,000
Repayments of short-term debt
20,000	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	6,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of commercial paper, net
20,000	-	-	17,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17,000	-17,000	0	60,000	-30,000	30,000	0	0	-19,000	10,000	9,000	0	0
Dividends paid
34,000	35,000	34,000	33,000	32,000	32,000	32,000	31,000	30,000	31,000	30,000	29,000	28,000	28,000	29,000	26,000	27,000	27,000	26,000	22,000	22,000	21,000	23,000	21,000	22,000	22,000	21,000	21,000	20,000	20,000	20,000	21,000	20,000	20,000	20,000	19,000	20,000	20,000	20,000	19,000	19,000
Other
-5,000	-3,000	-2,000	0	-3,000	-1,000	-1,000	0	-3,000	-2,000	-1,000	0	-4,000	-13,000	0	-1,000	-2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	1,000
Noncontrolling interests capital distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	10,000	0	0	0
Net cash provided by (used in) financing activities
2,000	173,000	-53,000	-116,000	-35,000	18,000	-33,000	-31,000	-33,000	17,000	-6,000	-29,000	-32,000	-16,000	-29,000	98,000	-28,000	-24,000	-82,000	52,000	-67,000	156,000	156,000	204,000	-22,000	132,000	24,000	124,000	-37,000	-103,000	-20,000	-21,000	-50,000	-60,000	-20,000	-19,000	-53,000	-11,000	-8,000	5,000	26,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect
0	-	-	-	-30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in cash and cash equivalents
-	-	-	-	-	-81,000	152,000	-22,000	31,000	-50,000	56,000	2,000	25,000	-82,000	-5,000	89,000	0	-88,000	-30,000	95,000	-100,000	30,000	0	33,000	-43,000	16,000	-28,000	86,000	21,000	-144,000	82,000	66,000	2,000	-91,000	25,000	45,000	23,000	-3,000	-56,000	11,000	21,000
Supplemental cash flow information is as follows:
Cash paid for interest, net of amounts capitalized
12,000	43,000	13,000	47,000	13,000	45,000	14,000	45,000	13,000	42,000	13,000	42,000	13,000	43,000	12,000	39,000	10,000	-	-	-	14,000	34,000	7,000	35,000	10,000	33,000	12,000	32,000	13,000	36,000	13,000	35,000	13,000	37,000	15,000	36,000	15,000	36,000	13,000	33,000	16,000
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	2,000	3,000	13,000	0	4,000	5,000	7,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	1,000	0	0	0	0
Non-cash investing and financing activities:
Accrued capital additions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,000	-6,000	-29,000	36,000	69,000	61,000	-11,000	23,000	11,000	4,000	1,000	6,000	8,000	-3,000	-2,000	15,000	9,000	4,000	-15,000	-45,000	68,000
Assets obtained under leasing arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preliminary engineering transferred to Construction work in progress from Other noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	4,000	0	0	0	0	-	-	-	-	-	-	-	-