Duke Energy 2015 Annual Report Download - page 119
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99
PART II
Years Ended December 31,
(in millions) 2015 2014 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ 172 $ (495) $ 102
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and accretion 230 258 357
Equity component of AFUDC (3) (4) (1)
Gains on sales of other assets and other, net (8) (1) (5)
Impairment charges 40 941 5
Deferred income taxes 206 (219) 98
Accrued pension and other post-retirement benefit costs 98 17
Contributions to qualified pension plans (8) — —
Payments for asset retirement obligations (4) — —
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions (10) 27 17
Receivables 23 (56) (15)
Receivables from affiliated companies 23 14 (39)
Inventory —8 (3)
Other current assets —(5) (1)
Increase (decrease) in
Accounts payable (1) 27 13
Accounts payable to affiliated companies (21) (3) 15
Taxes accrued (21) (9) 1
Other current liabilities 88 27 14
Other assets 25 (4) (6)
Other liabilities (73) (33) (73)
Net cash provided by operating activities 667 481 496
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (399) (322) (434)
Net proceeds from the sales of other assets —— 11
Notes receivable from affiliated companies 145 (88) (56)
Other (15) (12) 1
Net cash used in investing activities (269) (422) (478)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt —— 450
Payments for the redemption of long-term debt (157) (449) (258)
Notes payable to affiliated companies (95) 473 (202)
Dividends to parent (150) (100) —
Other (2) 1 (3)
Net cash used in financing activities (404) (75) (13)
Net (decrease) increase in cash and cash equivalents (6) (16) 5
Cash and cash equivalents at beginning of period 20 36 31
Cash and cash equivalents at end of period 14 20 36
Supplemental Disclosures:
Cash paid for interest, net of amount capitalized $ 76 $ 76 $ 71
Cash paid for (received from) income taxes 410 (5) 9
Significant non-cash transactions:
Accrued capital expenditures 20 24 27
Distribution of membership interest of Duke Energy SAM, LLC to parent 1,912 — —
See Notes to Consolidated Financial Statements
DUKE ENERGY OHIO, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS