Duke Energy 2014 Annual Report Download - page 89

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69
PART II
Years Ended December 31,
(in millions) 2014 2013 2012
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the:
Issuance of long-term debt $ 2,914 $ 3,601 $ 4,170
Issuance of common stock related to employee benefi t plans 25 923
Payments for the:
Redemption of long-term debt (3,037) (2,761) (2,498)
Redemption of preferred stock of a subsidiary —(96)—
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 1,066 ——
Payments for the redemption of short-term debt with original maturities greater than 90 days (564) ——
Notes payable and commercial paper 1,186 93 278
Distributions to noncontrolling interests (65) (15) (25)
Contributions from noncontrolling interests —976
Dividends paid (2,234) (2,188) (1,752)
Other 31 21 (5)
Net cash (used in) provided by fi nancing activities (678) (1,327) 267
Net increase (decrease) in cash and cash equivalents 535 77 (686)
Cash and cash equivalents at beginning of period 1,501 1,424 2,110
Cash and cash equivalents at end of period $ 2,036 $ 1,501 $ 1,424
Supplemental Disclosures:
Cash paid for interest, net of amount capitalized $ 1,659 $ 1,665 $ 1,032
Cash paid for (received from) income taxes 158 (202) 72
Merger with Progress Energy
Fair value of assets acquired —— 48,944
Fair value of liabilities assumed —— 30,873
Issuance of common stock —— 18,071
Signifi cant non-cash transactions:
Accrued capital expenditures 664 594 684
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS – (Continued)