Duke Energy 2012 Annual Report Download - page 265

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PART II
245
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY
CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC
.
Combined Notes to Consolidated Financial Statements – (Continued)
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011
(in millions)
Progress
Energy
Parent
Subsidiary
Guarantor
Non-
Guarantor
Subsidiaries Other
Progress
Energy, Inc.
Net cash provided by operating activities $ 756 $ 706 $ 1,251 $(1,098) $ 1,615
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures — (815) (1,441) — (2,256)
Purchases of available-for-sale securities — (4,438) (579) — (5,017)
Proceeds from sales and maturities of available-for-sale securities — 4,441 529 — 4,970
Notes receivable from affi liated companies (38) 48 (104) 94 —
Contributions to consolidated subsidiaries (11) — — 11 —
Other (24) 103 11 1 91
Net cash used by investing activities (73) (661) (1,584) 106 (2,212)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the:
Issuance of long-term debt 495 296 495 — 1,286
Issuance of common stock 53 — — — 53
Payments for the redemption of long-term debt (700) (309) (2) 1 (1,010)
Notes payable and commercial paper 250 233 185 (1) 667
Distributions to noncontrolling interests — (4) — (3) (7)
Dividends paid (734) — — — (734)
Distributions to parent — (513) (585) 1,098 —
Notes payable to affi liated companies — 63 31 (94) —
Contributions from parent — 10 1 (11) —
Other (40) 1 (2) 2 (39)
Net cash (used) provided by fi nancing activities (676) (223) 123 992 216
Net increase (decrease) in cash and cash equivalents 7 (178) (210) — (381)
Cash and cash equivalents at beginning of period 110 270 231 — 611
Cash and cash equivalents at end of period $ 117 $ 92 $ 21 $ — $ 230