Progress Energy 2007 Annual Report Download - page 133

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Progress Energy Annual Report 2007
131
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2005
(in millions) Parent Subsidiary Guarantor Other Progress Energy, Inc.
Net cash provided by operating activities $257 $509 $701 $1,467
Investing activities
Gross property additions –(714) (599) (1,313)
Nuclear fuel additions –(47) (79) (126)
Proceeds from sales of discontinued operations and other assets, net of
cash divested –462 13 475
Purchases of available-for-sale securities and other investments (1,702) (405) (1,878) (3,985)
Proceeds from sales of available-for-sale securities and other investments 1,702 405 1,738 3,845
Changes in advances to affiliates 333 5(338) –
Proceeds from repayment of long-term affiliate debt 369 –(369) –
Other investing activities (12) (26) (2) (40)
Net cash provided (used) by investing activities 690 (320) (1,514) (1,144)
Financing activities
Issuance of common stock 208 – – 208
Dividends paid on common stock (582) – – (582)
Dividends paid to parent –(2) 2 –
Net decrease in short-term debt (170) (191) (148) (509)
Proceeds from issuance of long-term debt, net –744 898 1,642
Retirement of long-term debt (160) (104) (300) (564)
Retirement of long-term affiliate debt –(369) 369 –
Changes in advances from affiliates –(101) 101 –
Other financing activities (9) 50 (9) 32
Net cash (used) provided by financing activities (713) 27 913 227
Net increase in cash and cash equivalents 234 216 100 550
Cash and cash equivalents at beginning of year 523 27 55
Cash and cash equivalents at end of year $239 $239 $127 $605