Vectren 2012 Annual Report Download - page 117
Download and view the complete annual report
Please find page 117 of the 2012 Vectren annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128
-
129
-
130
-
131
-
132
 |
 |
115
Asset retirement obligations roll forward as follows:
(In millions) 2012 2011
Asset retirement obligation, January 1 $ 43.7 $ 38.7
Accretion 2.7 2.5
Changes in estimates, net of cash payments (8.7) 2.5
Asset retirement obligation, December 31 37.7 43.7
Accrued liabilities $ — $ 0.2
Deferred credits & other liabilities $ 37.7 $ 43.5
Equity in (losses) of unconsolidated affiliates consists of the following:
Year Ended December 31,
(In millions) 2012 2011 2010
ProLiance Holdings, LLC $ (22.7) $ (28.6) $ (2.5)
Haddington Energy Partners, LP (0.7) — (6.1)
Other 0.1 (3.4) —
Total equity in (losses) of unconsolidated affiliates $ (23.3) $ (32.0) $ (8.6)
Other income (expense) – net consists of the following:
Year Ended December 31,
(In millions) 2012 2011 2010
AFUDC – borrowed funds $ 4.6 $ 2.5 $ 1.4
AFUDC – equity funds 0.4 0.2 0.3
Nonutility plant capitalized interest 1.8 2.1 2.1
Interest income, net 1.1 1.4 1.7
Other nonutility investment impairment charges (2.7) (9.9) (4.7)
Cash surrender value of life insurance policies 1.8 0.1 1.9
All other income 1.3 0.1 2.1
Total other income (expense) – net $ 8.3 $ (3.5) $ 4.8
Supplemental Cash Flow Information:
Year Ended December 31,
(In millions) 2012 2011 2010
Cash paid (received) for:
Interest $ 94.6 $ 108.6 $ 104.5
Income taxes 21.8 (9.0) 8.1
As of December 31, 2012 and 2011, the Company has accruals related to utility and nonutility plant purchases totaling
approximately $11.1 million and $15.9 million, respectively.