Vectren (VVC) quarterly cash flow statement covering the six quarters from June 2017 to September 2018, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||
Net income | |||||||||||||||||||||
50,400 | 22,200 | 63,500 | 61,200 | 61,900 | 37,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 50,400 | 22,200 | 63,500 | 61,200 | 61,900 | 37,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||
Depreciation & amortization | |||||||||||||||||||||
73,900 | 72,400 | 71,400 | 70,500 | 69,600 | 68,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation & amortization | 73,900 | 72,400 | 71,400 | 70,500 | 69,600 | 68,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income taxes & investment tax credits | |||||||||||||||||||||
16,200 | -1,500 | -2,100 | -57,600 | 23,200 | 26,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income taxes & investment tax credits | 16,200 | -1,500 | -2,100 | -57,600 | 23,200 | 26,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity in (losses) of unconsolidated affiliates | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity in (losses) of unconsolidated affiliates | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision for uncollectible accounts | |||||||||||||||||||||
900 | 1,600 | 2,800 | 1,900 | 900 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision for uncollectible accounts | 900 | 1,600 | 2,800 | 1,900 | 900 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Expense portion of pension & postretirement benefit cost | |||||||||||||||||||||
1,100 | 1,100 | 1,100 | 1,000 | 1,000 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Expense portion of pension & postretirement benefit cost | 1,100 | 1,100 | 1,100 | 1,000 | 1,000 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-cash items - net | |||||||||||||||||||||
- | -12,900 | -5,400 | -8,800 | 1,400 | -2,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-cash items - net | - | -12,900 | -5,400 | -8,800 | 1,400 | -2,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in working capital accounts: | |||||||||||||||||||||
Accounts receivable & accrued unbilled revenues | |||||||||||||||||||||
7,500 | -1,900 | -83,600 | 84,500 | 50,300 | 28,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable & accrued unbilled revenues | 7,500 | -1,900 | -83,600 | 84,500 | 50,300 | 28,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventories | |||||||||||||||||||||
15,700 | -6,600 | -16,300 | -4,400 | 12,400 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventories | 15,700 | -6,600 | -16,300 | -4,400 | 12,400 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Recoverable/refundable fuel & natural gas costs | |||||||||||||||||||||
-1,900 | -1,400 | -8,100 | -10,700 | -2,200 | 5,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Recoverable/refundable fuel & natural gas costs | -1,900 | -1,400 | -8,100 | -10,700 | -2,200 | 5,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepayments & other current assets | |||||||||||||||||||||
10,800 | 14,600 | -18,700 | -8,800 | -700 | 20,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepayments & other current assets | 10,800 | 14,600 | -18,700 | -8,800 | -700 | 20,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts payable | |||||||||||||||||||||
5,900 | -24,500 | -125,400 | 120,200 | 15,600 | -21,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | 5,900 | -24,500 | -125,400 | 120,200 | 15,600 | -21,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued liabilities | |||||||||||||||||||||
14,800 | 14,500 | -4,600 | 10,700 | 11,300 | -6,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued liabilities | 14,800 | 14,500 | -4,600 | 10,700 | 11,300 | -6,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unconsolidated affiliate dividends | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unconsolidated affiliate dividends | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Employer contributions to pension & postretirement plans | |||||||||||||||||||||
1,300 | 700 | 4,900 | 1,100 | 1,300 | 800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Employer contributions to pension & postretirement plans | 1,300 | 700 | 4,900 | 1,100 | 1,300 | 800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in noncurrent assets | |||||||||||||||||||||
21,700 | 10,300 | -3,000 | 12,600 | 14,500 | 8,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Changes in noncurrent assets | 21,700 | 10,300 | -3,000 | 12,600 | 14,500 | 8,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in noncurrent liabilities | |||||||||||||||||||||
-12,000 | -4,300 | 2,800 | -4,000 | 2,100 | -7,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Changes in noncurrent liabilities | -12,000 | -4,300 | 2,800 | -4,000 | 2,100 | -7,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash from operating activities | |||||||||||||||||||||
96,100 | 78,700 | 139,700 | 138,300 | 108,700 | 39,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash from operating activities | 96,100 | 78,700 | 139,700 | 138,300 | 108,700 | 39,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||
Long-term debt, net of issuance costs | |||||||||||||||||||||
299,900 | 300 | -900 | 99,300 | 99,200 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term debt, net of issuance costs | 299,900 | 300 | -900 | 99,300 | 99,200 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividend reinvestment plan & other common stock issuances | |||||||||||||||||||||
- | 100 | 1,600 | 1,700 | 1,500 | 1,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividend reinvestment plan & other common stock issuances | - | 100 | 1,600 | 1,700 | 1,500 | 1,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends on common stock | |||||||||||||||||||||
37,300 | 37,400 | 37,400 | 37,400 | 34,900 | 34,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends on common stock | 37,300 | 37,400 | 37,400 | 37,400 | 34,900 | 34,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retirement of long-term debt | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retirement of long-term debt | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other financing activities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other financing activities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in short-term borrowings | |||||||||||||||||||||
-72,600 | 110,000 | 38,400 | 23,600 | -20,300 | 144,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in short-term borrowings | -72,600 | 110,000 | 38,400 | 23,600 | -20,300 | 144,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash from financing activities | |||||||||||||||||||||
90,000 | 73,000 | 1,700 | 12,200 | 45,500 | 111,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash from financing activities | 90,000 | 73,000 | 1,700 | 12,200 | 45,500 | 111,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Unconsolidated affiliate distributions | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unconsolidated affiliate distributions | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from sale of assets and other collections | |||||||||||||||||||||
300 | 3,900 | 1,500 | 6,500 | 3,500 | 700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from sale of assets and other collections | 300 | 3,900 | 1,500 | 6,500 | 3,500 | 700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Requirements for: | |||||||||||||||||||||
Capital expenditures, excluding AFUDC equity | |||||||||||||||||||||
167,400 | 164,900 | 140,400 | 149,100 | 160,000 | 169,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Capital expenditures, excluding AFUDC equity | 167,400 | 164,900 | 140,400 | 149,100 | 160,000 | 169,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other costs | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other costs | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Business Acquisitions and Other Costs | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Business Acquisitions and Other Costs | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other investments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other investments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in restricted cash | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Changes in restricted cash | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash from investing activities | |||||||||||||||||||||
-167,100 | -161,000 | -138,900 | -142,600 | -156,500 | -172,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash from investing activities | -167,100 | -161,000 | -138,900 | -142,600 | -156,500 | -172,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in cash & cash equivalents | |||||||||||||||||||||
19,000 | -9,300 | 2,500 | 7,900 | -2,300 | -21,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in cash & cash equivalents | 19,000 | -9,300 | 2,500 | 7,900 | -2,300 | -21,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||