Duke Energy 2014 Annual Report Download - page 121
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101
PART II
DUKE ENERGY INDIANA, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
(in millions) 2014 2013 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 359 $ 358 $ (50)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 416 346 393
Equity component of AFUDC (14) (15) (84)
Impairment charges — — 579
Deferred income taxes 308 304 (74)
Accrued pension and other post-retirement benefi t costs 16 25 15
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions —(30) —
Receivables (35)36
Receivables from affi liated companies 36 (47) 52
Inventory (103) (53) (50)
Other current assets (8) (40) (25)
Increase (decrease) in
Accounts payable (41)3218
Accounts payable to affi liated companies 2(4) (12)
Taxes accrued (32) (30) (27)
Other current liabilities 5(5) 6
Other assets (21) (16) 6
Other liabilities 17 (84) (37)
Net cash provided by operating activities 905 744 716
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (625) (545) (718)
Purchases of available-for-sale securities (20) (11) (17)
Proceeds from sales and maturities of available-for-sale securities 16 718
Notes receivable from affi liated companies 96 (96) —
Other 4(3) (1)
Net cash used in investing activities (529) (648) (718)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt —498 250
Payments for the redemption of long-term debt (5) (405) (7)
Notes payable to affi liated companies 71 (81) (219)
Dividend to parent (450) (125) —
Other (1) (4) (2)
Net cash (used in) provided by fi nancing activities (385) (117) 22
Net (decrease) increase in cash and cash equivalents (9) (21) 20
Cash and cash equivalents at beginning of period 15 36 16
Cash and cash equivalents at end of period $6 $15$36
Supplemental Disclosures:
Cash paid for interest, net of amount capitalized $ 169 $ 194 $ 130
Cash (received from) paid for income taxes (61)4657
Signifi cant non-cash transactions:
Accrued capital expenditures 87 73 67
Transfer of Vermillion Generating Station from Duke Energy Ohio ——26
See Notes to Consolidated Financial Statements