Duke Energy 2014 Annual Report Download - page 100
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80
PART II
PROGRESS ENERGY, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
(in millions) 2014 2013 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 874 $ 675 $ 407
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,313 1,041 897
Equity component of AFUDC (26) (50) (106)
Severance expense ——38
FERC mitigation costs (18)— 71
Community support and charitable contributions expense —20 36
(Gains) losses on sales of other assets (6) 2 (16)
Impairment charges 2380 146
Deferred income taxes 1,014 616 263
Amount to be refunded to customers —— 100
Accrued pension and other post-retirement benefi t costs 27 172 179
Contributions to qualifi ed pension plans —(250) (346)
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions 12 55 7
Receivables (31) (148) 49
Receivables from affi liated companies (56) 11 (15)
Inventory (101) 17 (71)
Other current assets (934) (156) 2
Increase (decrease) in
Accounts payable 6(81) 175
Accounts payable to affi liated companies 80 93 30
Taxes accrued (20)22 25
Other current liabilities (144)61 81
Other assets (14) (243) (25)
Other liabilities (12) (115) (87)
Net cash provided by operating activities 1,966 2,122 1,840
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (1,940) (2,490) (2,366)
Purchases of available-for-sale securities (1,689) (2,558) (1,374)
Proceeds from sales and maturities of available-for-sale securities 1,652 2,513 1,325
Change in restricted cash ——24
Notes receivable from affi liated companies (145) (75) —
Other (44) 13 109
Net cash used in investing activities (2,166) (2,597) (2,282)
See Notes to Consolidated Financial Statements