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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 1,204.9 $ 940.2 $ 640.3
Reconciliation to cash provided by operating activities      
Depreciation and amortization 798.6 762.6 583.5
Deferred income taxes and investment tax credits, net 271.7 493.8 418.7
Contributions and payments related to pension and OPEB plans (120.5) (28.7) (121.0)
Equity income in transmission affiliate, net of distributions (4.8) (46.6) (11.0)
Change in -      
Accounts receivable and unbilled revenues (86.4) (180.7) 84.0
Materials, supplies, and inventories 49.3 100.0 (69.4)
Other current assets (6.0) 103.1 (27.2)
Accounts payable 8.5 34.4 (9.3)
Other current liabilities 161.8 (20.8) 14.1
Other, net (197.5) (53.8) (209.1)
Net cash provided by operating activities 2,079.6 2,103.5 1,293.6
Investing Activities      
Capital expenditures (1,959.5) (1,423.7) (1,266.2)
Integrys acquisition, net of cash acquired of $156.3 0.0 0.0 (1,329.9)
Bluewater acquisition (226.0) 0.0 0.0
Cash acquired from business acquisition     156.3
Capital contributions to transmission affiliates (109.6) (42.3) (8.7)
Proceeds from the sale of assets and businesses 24.0 166.3 28.9
Withdrawal of restricted cash from Rabbi trust for qualifying payments 19.5 26.6 1.4
Other, net 12.0 3.0 57.0
Net cash used in investing activities (2,239.6) (1,270.1) (2,517.5)
Financing Activities      
Exercise of stock options 30.8 41.6 30.1
Purchase of common stock (71.3) (108.0) (74.7)
Dividends paid on common stock (656.5) (624.9) (455.4)
Redemption of WPS preferred stock 0.0 0.0 (52.7)
Issuance of long-term debt 435.0 400.0 2,150.0
Retirement of long-term debt (154.5) (306.0) (529.6)
Change in short-term debt 584.4 (234.8) 163.0
Other, net (6.5) (13.6) (18.9)
Net cash provided by (used in) financing activities 161.4 (845.7) 1,211.8
Net change in cash and cash equivalents 1.4 (12.3) (12.1)
Cash and cash equivalents at beginning of year 37.5 49.8 61.9
Cash and cash equivalents at end of year $ 38.9 $ 37.5 $ 49.8