Duke Energy 2012 Annual Report Download - page 122

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102
PART II
Years Ended December 31,
(in millions) 2012 2011 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 175 $ 194 $(441)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 342 338 403
Gains on sales of other assets and other, net (7) (5) (3)
Impairment charges 2 89 837
Deferred income taxes 61 190 17
Accrued pension and other post-retirement benefi t costs 11 14 12
Contributions to qualifi ed pension plans — (48) (45)
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions (5) (8) (18)
Receivables 29 10 191
Receivables from affi liated companies 61 98 (221)
Inventory 15 11 15
Other current assets (62) (24) 71
Increase (decrease) in
Accounts payable 5 (33) 87
Accounts payable to affi liated companies (22) 1 (108)
Taxes accrued (24) 8 25
Other current liabilities (21) (3) 6
Other assets — (61) 42
Other liabilities (116) 47 (15)
Net cash provided by operating activities 444 818 855
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (514) (499) (446)
Net proceeds from the sales of other assets 82 ——
Notes receivable from affi liated companies 400 79 (296)
Change in restricted cash — (26) —
Other 6 (3) 2
Net cash used in investing activities (26) (449) (740)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt —— 34
Payments for the redemption of long-term debt (556) (9) (36)
Notes payable and commercial paper —— (12)
Notes payable to affi liated companies 245 ——
Dividends to parent (175) (485) —
Other — (4) —
Net cash used in fi nancing activities (486) (498) (14)
Net (decrease) increase in cash and cash equivalents (68) (129) 101
Cash and cash equivalents at beginning of period 99 228 127
Cash and cash equivalents at end of period $ 31 $ 99 $ 228
Supplemental Disclosures
Cash paid for interest, net of amount capitalized $ 93 $ 100 $ 108
Cash paid (received) for income taxes $ 18 $(102) $ 114
Signifi cant non-cash transactions:
Accrued capital expenditures $ 31 $ 43 $ 40
Transfer of Vermillion Generating Station to Duke Energy Indiana $ 28 $— $—
See Notes to Consolidated Financial Statements
DUKE ENERGY OHIO, INC.
Consolidated Statements of Cash Flows