Duke Energy 2015 Annual Report Download - page 124

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104
PART II
DUKE ENERGY INDIANA, INC. (subsequently DUKE ENERGY INDIANA, LLC)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
(in millions) 2015 2014 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 316 $ 359 $ 358
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 439 416 346
Equity component of AFUDC (11) (14) (15)
Gains on sales of other assets and other, net (1) — —
Impairment charges 88 — —
Deferred income taxes 262 308 304
Accrued pension and other post-retirement benefit costs 13 16 25
Contributions to qualified pension plans (19) ——
Payments for asset retirement obligations (19) ——
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions —— (30)
Receivables (7) (35) 3
Receivables from affiliated companies 44 36 (47)
Inventory (21) (103) (53)
Other current assets 90 (8) (40)
Increase (decrease) in
Accounts payable 33 (41) 32
Accounts payable to affiliated companies 25 2 (4)
Taxes accrued 35 (32) (30)
Other current liabilities 26 5 (5)
Other assets (82) (21) (16)
Other liabilities (35) 17 (84)
Net cash provided by operating activities 1,176 905 744
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (690) (625) (545)
Purchases of available-for-sale securities (9) (20) (11)
Proceeds from sales and maturities of available-for-sale securities 11 16 7
Proceeds from the sales of other assets 17 — —
Notes receivable from affiliated companies (83) 96 (96)
Other (17) 4 (3)
Net cash used in investing activities (771) (529) (648)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt —— 498
Payments for the redemption of long-term debt (5) (5) (405)
Notes payable to affiliated companies (71) 71 (81)
Dividends to parent (326) (450) (125)
Other —(1) (4)
Net cash used in financing activities (402) (385) (117)
Net increase (decrease) in cash and cash equivalents 3(9) (21)
Cash and cash equivalents at beginning of period 6 15 36
Cash and cash equivalents at end of period $ 9 $ 6 $ 15
Supplemental Disclosures:
Cash paid for interest, net of amount capitalized $ 175 $ 169 $ 194
Cash (received from) paid for income taxes (253) (61) 46
Significant non-cash transactions:
Accrued capital expenditures 64 87 73
See Notes to Consolidated Financial Statements