CenterPoint Energy 2010 Annual Report Download - page 144

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122
CENTERPOINT ENERGY, INC.
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF
CENTERPOINT ENERGY, INC. (PARENT COMPANY)
STATEMENTS OF CASH FLOWS
For the Year Ended December 31,
2008
2009
2010
(in millions)
Operating Activities:
Net income ..............................................................................................................................
$ 446
$ 372
$ 442
Non-cash items included in net income:
Equity income of subsidiaries ............................................................................................
(490)
(515)
(564)
Deferred income tax expense .............................................................................................
90
(19)
(16)
Amortization of debt issuance costs ...................................................................................
7
5
6
Loss (gain) on indexed debt securities ...............................................................................
(128)
68
31
Changes in working capital:
Accounts receivable/(payable) from subsidiaries, net ...................................................
(65)
86
78
Accounts payable ...........................................................................................................
—
14
(16)
Other current assets .......................................................................................................
2
(16)
(27)
Other current liabilities ..................................................................................................
(111)
59
(111)
Common stock dividends received from subsidiaries .............................................................
746
109
9
Other ........................................................................................................................................
(7)
(1)
6
Net cash provided by (used in) operating activities ................................................
490
162
(162)
Investing Activities:
Short-term notes receivable from subsidiaries ........................................................................
134
(411)
(37)
Net cash provided by (used in) investing activities ................................................
134
(411)
(37)
Financing Activities:
Revolving credit facility, net ...................................................................................................
133
(264)
—
Proceeds from long-term debt .................................................................................................
300
—
—
Payments on long-term debt ....................................................................................................
(907)
—
(490)
Debt issuance costs ..................................................................................................................
(4)
—
(2)
Common stock dividends paid ................................................................................................
(246)
(276)
(319)
Proceeds from issuance of common stock, net ........................................................................
80
504
416
Short-term notes payable to subsidiaries .................................................................................
20
285
594
Net cash provided by (used in) financing activities ................................................
(624)
249
199
Net Decrease in Cash and Cash Equivalents ............................................................................
—
—
—
Cash and Cash Equivalents at Beginning of Year ...................................................................
—
—
—
Cash and Cash Equivalents at End of Year .............................................................................
$ —
$ —
$ —
See CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8