Duke Energy 2015 Annual Report Download - page 103
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83
PART II
PROGRESS ENERGY, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
(in millions) 2015 2014 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 1,062 $ 874 $ 675
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,312 1,313 1,041
Equity component of AFUDC (54) (26) (50)
FERC mitigation costs —(18) —
Community support and charitable contributions expense —— 20
(Gains) losses on sales of other assets (31) (6) 2
Impairment charges 12 2 380
Deferred income taxes 714 1,014 616
Accrued pension and other post-retirement benefit costs (5) 27 172
Contributions to qualified pension plans (83) — (250)
Payments for asset retirement obligations (156) (68) (12)
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions (6) 12 55
Receivables 105 (31) (148)
Receivables from affiliated companies (316) (56) 11
Inventory (67) (101) 17
Other current assets 553 (934) (156)
Increase (decrease) in
Accounts payable (193) 6 (81)
Accounts payable to affiliated companies 108 80 93
Taxes accrued (63) (20) 22
Other current liabilities 136 (144) 61
Other assets (167) (14) (243)
Other liabilities (112) 56 (103)
Net cash provided by operating activities 2,749 1,966 2,122
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (2,698) (1,940) (2,490)
Asset acquisition (1,249) — —
Purchases of available-for-sale securities (1,174) (1,689) (2,558)
Proceeds from sales and maturities of available-for-sale securities 1,211 1,652 2,513
Proceeds from the sale of nuclear fuel 102 — —
Notes receivable from affiliated companies 220 (145) (75)
Other (34) (44) 13
Net cash used in investing activities (3,622) (2,166) (2,597)
See Notes to Consolidated Financial Statements