CenterPoint Energy 2004 Annual Report Download - page 40

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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS
Year Ended December 31,
2002 2003 2004
(In thousands)
Cash Flows from Operating Activities:
Net income (loss) $ (3,920,234) $ 483,667 $ (904,704)
Discontinued operations, net of tax 4,402,197 (74,896) 133,083
Extraordinary loss, net of tax — — 977,336
Income from continuing operations 481,963 408,771 205,715
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
Depreciation and amortization 570,443 606,209 582,096
Deferred income taxes and investment tax credit 341,552 501,318 257,407
Changes in net regulatory assets and liabilities (1,062,130) (772,604) (519,830)
Changes in other assets and liabilities 123,392 (93,823) (144,406)
Net Cash Provided By Operating Activities 455,220 649,871 380,982
Net Cash Provided By (Used In) Investing Activities (513,301) (504,429) 1,709,192
Net Cash Provided By (Used In) Financing Activities 722,763 (434,275) (2,107,047)
Net Cash Provided By (Used In) Discontinued Operations (378,586) 72,051 94,596
Net Increase (Decrease) in Cash and Cash Equivalents 286,096 (216,782) 77,723
Cash and Cash Equivalents at Beginning of Year 17,608 303,704 86,922
Cash and Cash Equivalents at End of Year $ 303,704 $ 86,922 $ 164,645
See Notes to the Consolidated Financial Statements in the Company’s Form 10-K.