| 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 | |||||||||
216,000 | 211,600 | 197,300 | 166,900 | 136,600 | 159,000 | 141,600 | 133,700 | 133,100 | 129,000 |
Adjustments to reconcile net income to cash from operating activities: | |||||||||
Depreciation & amortization | |||||||||
276,200 | 260,000 | 256,300 | 273,400 | 277,800 | 254,600 | 244,300 | 229,100 | 211,900 | 192,300 |
Deferred income taxes & investment tax credits | |||||||||
19,000 | 100,100 | 80,400 | 37,900 | 43,300 | 84,300 | 71,700 | 69,300 | 84,900 | 79,600 |
Equity in (losses) of unconsolidated affiliates | |||||||||
- | - | - | - | -59,700 | -23,300 | -32,000 | -8,600 | 3,400 | 37,400 |
Provision for uncollectible accounts | |||||||||
5,900 | 6,900 | 8,100 | 7,300 | 6,800 | 8,200 | 11,800 | 16,800 | 15,100 | 16,900 |
Expense portion of pension & postretirement benefit cost | |||||||||
5,400 | 3,600 | 6,800 | 6,600 | 9,900 | 8,700 | 9,000 | 10,000 | 10,400 | 7,800 |
Loss on Sale of Business (pretax) | |||||||||
- | - | - | -41,800 | 0 | 0 | - | - | - | - |
Gain on Revaluation of Contingent Consideration | |||||||||
- | - | - | -14,800 | 0 | 0 | - | - | - | - |
Other non-cash items - net | |||||||||
-12,900 | -7,800 | -7,300 | 5,300 | 5,800 | 9,800 | -100 | 15,900 | - | 25,400 |
Changes in working capital accounts: | |||||||||
Accounts receivable & accrued unbilled revenues | |||||||||
80,900 | 39,600 | 15,400 | -11,800 | -1,500 | 67,100 | -17,500 | -48,300 | 96,900 | -83,000 |
Gain on sale of business in 2011, net of other non-cash charges | |||||||||
- | - | - | - | - | - | - | - | 13,300 | - |
Inventories | |||||||||
-3,300 | -3,900 | 15,200 | 22,500 | -24,200 | -3,300 | 26,100 | 19,300 | -36,100 | 26,400 |
Recoverable/refundable fuel & natural gas costs | |||||||||
-10,700 | 37,800 | -15,200 | 4,400 | -22,400 | 12,900 | 4,500 | 30,200 | 21,300 | -26,200 |
Prepayments & other current assets | |||||||||
-5,700 | -22,900 | -20,300 | 35,200 | -12,800 | 5,100 | -17,900 | 23,500 | 43,100 | 9,800 |
Accounts payable | |||||||||
65,900 | 40,700 | -500 | 20,200 | 6,800 | -14,800 | -21,200 | 5,500 | -85,800 | 65,700 |
Accrued liabilities | |||||||||
15,600 | 22,700 | -900 | -12,300 | 1,200 | -3,400 | -6,400 | -10,200 | 4,000 | 16,500 |
Unconsolidated affiliate dividends | |||||||||
- | - | - | - | 1,100 | 100 | 100 | 42,700 | 12,600 | 15,500 |
Employer contributions to pension & postretirement plans | |||||||||
4,600 | 19,600 | 26,500 | 5,100 | 13,700 | 20,500 | 38,800 | 22,000 | -38,500 | -15,100 |
Changes in noncurrent assets | |||||||||
40,600 | 44,000 | 21,900 | -100 | 2,100 | 35,300 | -300 | 7,600 | 200 | 19,600 |
Changes in noncurrent liabilities | |||||||||
-11,700 | -15,100 | -6,100 | -13,400 | -4,700 | -11,600 | -10,000 | -6,100 | -33,400 | -19,600 |
Net cash from operating activities | |||||||||
498,800 | 524,100 | 505,200 | 488,200 | 587,000 | 387,400 | 416,900 | 384,800 | 449,600 | 423,200 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Long-term debt, net of issuance costs | |||||||||
198,500 | 0 | 385,500 | 62,400 | 481,700 | 199,500 | 148,900 | 124,200 | 312,500 | 171,400 |
Issuance of common stock | |||||||||
- | - | - | - | - | - | - | - | - | 124,900 |
Dividend reinvestment plan & other common stock issuances | |||||||||
6,300 | 6,300 | 6,200 | 6,100 | 6,900 | 7,200 | 7,900 | 14,000 | 5,800 | 900 |
Dividends on common stock | |||||||||
141,900 | 134,200 | 127,300 | 120,400 | 117,300 | 115,300 | 113,200 | 110,800 | 108,600 | 102,600 |
Retirement of long-term debt | |||||||||
75,000 | 73,000 | 170,000 | 293,600 | 338,900 | 62,700 | 349,100 | 49,300 | 3,500 | 104,900 |
Other financing activities | |||||||||
0 | 0 | 200 | 100 | -2,100 | 0 | -2,300 | -200 | 0 | -100 |
Net change in short-term borrowings | |||||||||
55,100 | 179,900 | -141,900 | 87,800 | -210,200 | -48,300 | 208,800 | -95,200 | -306,000 | -37,800 |
Net cash from financing activities | |||||||||
43,000 | -21,000 | -47,300 | -257,600 | -179,900 | -19,600 | -99,000 | -117,300 | -99,800 | 51,800 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Sale of business | |||||||||
- | - | - | 311,200 | 0 | 0 | 84,300 | 0 | 0 | - |
Unconsolidated affiliate distributions | |||||||||
- | - | - | - | - | 200 | 500 | 500 | 4,600 | 200 |
Proceeds from sale of assets and other collections | |||||||||
11,300 | 33,000 | 27,500 | 9,500 | 5,600 | 9,900 | 1,100 | 10,800 | 1,500 | 6,400 |
Requirements for: | |||||||||
Transaction Costs for Sale of Business | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Capital expenditures, excluding AFUDC equity | |||||||||
602,600 | 542,000 | 476,900 | 448,300 | 393,400 | 365,800 | 321,300 | 277,200 | 432,000 | 391,000 |
Other costs | |||||||||
3,400 | 5,200 | 14,300 | - | - | - | - | - | - | - |
Business Acquisitions and Other Costs | |||||||||
- | - | - | 38,100 | 0 | 0 | 83,400 | 0 | 0 | - |
Unconsolidated affiliate investments | |||||||||
- | - | - | - | - | - | - | - | - | 600 |
Other investments | |||||||||
- | - | - | - | 17,300 | 1,200 | 900 | 3,100 | 5,200 | 17,400 |
Changes in restricted cash | |||||||||
-900 | -5,000 | 5,900 | 0 | 0 | - | - | - | - | - |
Net cash from investing activities | |||||||||
-593,800 | -509,200 | -469,600 | -165,700 | -405,100 | -356,900 | -319,700 | -269,000 | -431,100 | -402,400 |
Net change in cash & cash equivalents | |||||||||
-52,000 | -6,100 | -11,700 | 64,900 | 2,000 | 10,900 | -1,800 | -1,500 | -81,300 | 72,600 |