Progress Energy 2007 Annual Report Download - page 131

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Progress Energy Annual Report 2007
129
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2007
(in millions) Parent Subsidiary Guarantor Other Progress Energy, Inc.
Net cash provided by operating activities $76 $489 $687 $1,252
Investing activities
Gross property additions –(1,218) (755) (1,973)
Nuclear fuel additions –(44) (184) (228)
Proceeds from sales of discontinued operations and other assets, net of
cash divested –51 624 675
Purchases of available-for-sale securities and other investments –(640) (773) (1,413)
Proceeds from sales of available-for-sale securities and other investments 21 640 791 1,452
Changes in advances to affiliates (99) (112) 211 –
Return of investment in consolidated subsidiary 340 –(340) –
Other investing activities (31) 32 29 30
Net cash provided (used) by investing activities 231 (1,291) (397) (1,457)
Financing activities
Issuance of common stock 151 – – 151
Dividends paid on common stock (627) – – (627)
Dividends paid to parent –(10) 10 –
Proceeds from issuance of short-term debt with original maturities
greater than 90 days 176 – – 176
Net increase in short-term debt 25 – – 25
Proceeds from issuance of long-term debt, net –739 –739
Retirement of long-term debt –(124) (200) (324)
Changes in advances from affiliates –151 (151) –
Other financing activities –49 655
Net cash (used) provided by financing activities (275) 805 (335) 195
Net increase (decrease) in cash and cash equivalents 32 3(45) (10)
Cash and cash equivalents at beginning of year 153 40 72 265
Cash and cash equivalents at end of year $185 $43 $27 $255