v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 346.5 $ 196.1
Reconciliation to cash provided by operating activities    
Depreciation and amortization 191.9 107.3
Deferred income taxes and investment tax credits, net 214.6 106.6
Contributions and payments related to pension and OPEB plans (15.1) (103.7)
Equity income in transmission affiliate, net of distributions (23.4) (5.7)
Change in -    
Accounts receivable and unbilled revenues (48.6) (28.0)
Materials, supplies, and inventories 217.2 110.9
Other current assets (63.7) 44.5
Accounts payable (123.7) (71.3)
Accrued taxes, net 89.6 (6.5)
Other current liabilities (32.9) 28.1
Other, net (56.5) (48.3)
Net cash provided by operating activities 695.9 330.0
Investing Activities    
Capital expenditures (312.0) (153.2)
Investment in transmission affiliate (9.0) (1.3)
Proceeds from sale of businesses 106.5 0.0
Withdrawal of restricted cash from Rabbi trust for qualifying payments 21.0 0.0
Other, net 5.1 (1.8)
Net cash used in investing activities (188.4) (156.3)
Financing Activities    
Exercise of stock options 21.4 8.4
Purchase of common stock (59.6) (23.4)
Dividends paid on common stock (156.2) (95.3)
Retirement of long-term debt (139.4) (9.3)
Change in short-term debt (198.6) (54.6)
Other, net 9.8 3.8
Net cash used in financing activities (522.6) (170.4)
Net change in cash and cash equivalents (15.1) 3.3
Cash and cash equivalents at beginning of period 49.8 61.9
Cash and cash equivalents at end of period $ 34.7 $ 65.2