CenterPoint Energy 2013 Annual Report Download - page 77

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55
million), increased cash related to gas storage inventory ($25 million), decreased net margin deposits ($19 million) and increased
cash provided by fuel cost recovery ($18 million).
Cash Used in Investing Activities
Net cash used in investing activities decreased $303 million in 2013 compared to 2012 due to decreased cash paid for
acquisitions ($360 million) and decreased restricted cash ($30 million) and increased proceeds from sale of marketable securities
($9 million), which were partially offset by increased capital expenditures ($74 million) and cash contributed to Enable ($38
million).
Net cash used in investing activities increased $397 million in 2012 compared to 2011 due to increased cash paid for acquisitions
($360 million) and decreased cash received from the DOE grant ($110 million), which were partially offset by decreased capital
expenditures ($91 million).
Cash Provided by (Used in) Financing Activities
Net cash used in financing activities increased $920 million in 2013 compared to 2012 primarily due to decreased proceeds
from long-term debt ($1,445 million) and increased payments of common stock dividends ($9 million), which were partially offset
by increased proceeds from commercial paper ($403 million), decreased cash paid for debt retirement ($62 million), increased
short-term borrowings ($29 million), decreased payments of long-term debt ($17 million) and decreased debt issuance costs ($13
million).
Net cash provided by financing activities increased $830 million in 2012 compared to 2011 primarily due to increased proceeds
from long-term debt ($1,945 million) and decreased debt issuance costs ($8 million), which were partially offset by increased
payments of long-term debt ($681 million), increased payments of commercial paper ($387 million), decreased short-term
borrowings ($33 million), increased cash paid for debt retirement ($11 million) and increased payments of common stock dividends
($9 million).
Future Sources and Uses of Cash
Our liquidity and capital requirements are affected primarily by our results of operations, capital expenditures, debt service
requirements, tax payments, working capital needs and various regulatory actions. Our principal anticipated cash requirements
for 2014 include the following:
• capital expenditures of approximately $1.4 billion;
• scheduled principal payments on transition and system restoration bonds of $354 million;
• the expected March 2014 purchase and redemption of pollution control bonds aggregating approximately $100 million
at 101% of their principal amount;
• pension contributions aggregating approximately $87 million; and
• dividend payments on CenterPoint Energy common stock and interest payments on debt.
We expect that anticipated 2014 cash needs will be met with borrowings under our credit facilities, proceeds from commercial
paper, proceeds from the issuance of general mortgage bonds, anticipated cash flows from operations, and distributions from
Enable. Discretionary financing or refinancing may result in the issuance of equity or debt securities in the capital markets or the
arrangement of additional credit facilities. Issuances of equity or debt in the capital markets and additional credit facilities may
not, however, be available to us on acceptable terms.