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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 832.6 $ 797.6
Reconciliation to cash provided by operating activities    
Depreciation and amortization 670.0 619.4
Deferred income taxes and ITCs, net 321.5 113.4
Contributions and payments related to pension and OPEB plans (7.5) (9.2)
Equity income in transmission affiliates, net of distributions (19.6) (13.4)
Change in –    
Accounts receivable and unbilled revenues, net 254.2 529.5
Materials, supplies, and inventories 79.4 213.3
Collateral on deposit 47.4 (28.9)
Amounts recoverable from customers (17.0) 33.7
Other current assets 19.1 16.2
Accounts payable (90.3) (388.4)
Customer credit balances (57.4) (10.9)
Other current liabilities (53.1) (28.9)
Other, net (78.3) (89.1)
Net cash provided by operating activities 1,901.0 1,754.3 Close
Investing activities    
Capital expenditures (1,138.4) (1,073.7)
Acquisition of West Riverside (98.2) (95.3)
Acquisition of Whitewater 0.0 (76.0)
Acquisition of Sapphire Sky, net of cash acquired of $0.3 0.0 (442.6)
Acquisition of Samson I, net of cash acquired of $5.2 0.0 (249.4)
Acquisition of Red Barn 0.0 (143.8)
Capital contributions to transmission affiliates (30.3) (33.3)
Proceeds from the sale of assets 0.9 30.4
Proceeds from the sale of investments held in rabbi trust 14.8 10.4
Payments for ATC's construction costs that will be reimbursed (0.6) (19.1)
Other, net 1.0 (9.0)
Net cash used in investing activities (1,250.8) (2,101.4) Close
Financing activities    
Exercise of stock options 4.7 2.3
Issuance of common stock 38.2 0.0
Purchase of common stock (3.2) (9.5)
Dividends paid on common stock (527.2) (492.1)
Issuance of long-term debt 2,074.2 1,450.0
Retirement of long-term debt (785.4) (76.8)
Change in commercial paper (1,260.4) (556.6)
Purchase of additional ownership interest in Samson I from noncontrolling interest (28.1) 0.0
Payments for debt extinguishment and issuance costs (23.6) (9.6)
Other, net (1.7) (2.7)
Net cash provided by (used in) financing activities (512.5) 305.0 Close
Net change in cash, cash equivalents, and restricted cash 137.7 (42.1) Close
Cash, cash equivalents, and restricted cash at beginning of period 165.2 182.2
Cash, cash equivalents, and restricted cash at end of period $ 302.9 $ 140.1