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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Income $ 185.5 $ 174.1 $ 172.2
AFUDC – Equity (2.3) (1.2) (1.2)
Income from Equity Investments – Net of Dividends (5.6) (2.3) (3.2)
Change in Fair Value of Contingent Consideration [1] 0.0 (2.0) (0.7)
Deferred Fuel Adjustment Clause Charge 0.0 0.0 19.5
Loss (Gain) on Sales of Investments and Property, Plant and Equipment (1.7) 1.0 0.4
Depreciation Expense 200.6 200.1 171.9
Amortization of PSAs (11.6) (23.6) (23.6)
Amortization of Other Intangible Assets and Other Assets 13.0 10.4 10.2
Deferred Income Tax Expense (Benefit) (6.7) (15.8) 14.4
Share-Based and ESOP Compensation Expense 6.3 6.8 6.6
Defined Benefit Pension and Other Postretirement Benefit Expense 1.2 8.6 10.1
Bad Debt Expense (0.1) 1.1 0.8
Provision for Interim Rate Refund (40.0) 16.3 32.3
Provision for Tax Reform Refund (10.4) 10.7 0.0
Gain on Sale of U.S. Water Services (23.6) 0.0 0.0
Changes in Operating Assets and Liabilities      
Accounts Receivable 22.6 (10.7) (8.0)
Inventories (4.1) 55.5 11.9
Prepayments and Other 0.3 (4.0) (5.3)
Accounts Payable (8.8) 13.6 (7.5)
Other Current Liabilities (13.7) 6.7 1.8
Cash Contributions to Defined Benefit Pension Plans (10.4) (15.0) (1.7)
Changes in Regulatory and Other Non-Current Assets (25.1) 6.7 33.7
Changes in Regulatory and Other Non-Current Liabilities (15.9) (3.9) (31.7)
Cash from Operating Activities 249.5 433.1 402.9
Investing Activities      
Proceeds from Sale of Available-for-sale Securities 12.1 10.2 10.1
Payments for Purchase of Available-for-sale Securities (12.2) (13.3) (8.6)
Acquisitions of Subsidiaries – Net of Cash and Restricted Cash Acquired 0.0 0.0 (18.5)
Equity Investments (37.9) (39.2) (7.8)
Proceeds from Equity Method Investment, Distribution, Return of Capital 8.3 0.0 0.0
Additions to Property, Plant and Equipment (597.1) (312.4) (208.5)
Proceeds from Sale of Productive Assets 268.6 0.0 0.0
Other Investing Activities 12.9 5.7 4.3
Cash for Investing Activities (345.3) (349.0) (229.0)
Financing Activities      
Proceeds from Issuance of Common Stock 1.9 20.3 86.0
Proceeds from Issuance of Long-Term Debt 201.9 75.6 131.5
Repayments of Long-Term Debt (72.2) (95.5) (189.6)
Proceeds from Non-Controlling Interest 103.8 0.0 0.0
Acquisition-Related Contingent Consideration Payments (3.8) 0.0 (19.7)
Dividends on Common Stock (121.4) (115.0) (108.7)
Other Financing Activities (0.9) (0.6) (1.6)
Cash for Financing Activities 109.3 (115.2) (102.1)
Change in Cash, Cash Equivalents and Restricted Cash 13.5 (31.1) 71.8
Cash, Cash Equivalents and Restricted Cash $ 92.5 $ 79.0 $ 110.1
[1]
(a)
Contingent Consideration related to the earnings-based payment resulting from the U.S. Water Services acquisition was paid in the first quarter of 2019. (See Note 7. Fair Value.)