CenterPoint Energy 2009 Annual Report Download - page 141

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119
CENTERPOINT ENERGY, INC.
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF
CENTERPOINT ENERGY, INC. (PARENT COMPANY)
STATEMENTS OF CASH FLOWS
For the Year Ended December 31,
2007 2008 2009
(In millions)
O
p
eratin
g
Activities:
N
et income ......................................................................................................................
.
$ 395 $ 446 $ 372
N
on-cash items included in net income:
Equity income of subsidiaries.....................................................................................
.
(515) (490) (515)
Deferred income tax expense .....................................................................................
.
52 90 (19)
Amortization of debt issuance costs ...........................................................................
.
50 7 5
Loss (gain) on indexed debt securities .......................................................................
.
(111) (128) 68
Chan
g
es in workin
g
capital:
Accounts receivable/(payable) from subsidiaries, ne
t
...........................................
.
20 (65) 86
Accounts payable ...................................................................................................
.
11
—
14
Other current assets ...............................................................................................
.
—
2(16)
Other current liabilities ..........................................................................................
.
(50) (111) 59
Common stock dividends received from subsidiaries .....................................................
.
240 746 109
Othe
r
................................................................................................................................
.
2 (7) (1 )
N
et cash provided b
y
operatin
g
activities.......................................................
.
94 490 162
Investin
g
Activities:
Shor
t
-term notes receivable from subsidiaries ................................................................
.
175 134 (411)
N
et cash provided by (used in) investing activities ........................................
.
175 134 (411)
Financin
g
Activities:
Revolving credit facility, ne
t
...........................................................................................
.
131 133 (264)
Proceeds from lon
g
-term deb
t
.........................................................................................
.
250 300
—
Payments on long-term deb
t
............................................................................................
.
(295) (907)
—
Debt issuance costs ..........................................................................................................
.
(2) (4)
—
Common stock dividends pai
d
........................................................................................
.
(218) (246) (276)
Proceeds from issuance of common stock, ne
t
................................................................
.
22 80 504
Shor
t
-term notes payable to subsidiaries .........................................................................
.
(157) 20 285
N
et cash
p
rovided by (used in) financing activities........................................
.
(269) (624) 249
Net Decrease in Cash and Cash E
q
uivalents ....................................................................
.
—
—
—
Cash and Cash E
q
uivalents at Be
g
innin
g
of Year ...........................................................
.
—
—
—
Cash and Cash E
q
uivalents at End of Year .....................................................................
.
$
—
$
—
$
—
See CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8