CenterPoint Energy 2014 Annual Report Download - page 62

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Other Operations
The following table provides summary data for our Other Operations business segment for 2014 , 2013 and 2012 (in millions):
2014 Compared to 2013.
Our Other Operations business segment reported operating income of $1 million for 2014 compared to an
operating loss of $18 million for 2013. The increase in operating income of $19 million is primarily related to the costs associated with the
formation of Enable in 2013 ($13 million) and decreased benefits costs ($8 million), which were partially offset by higher property taxes ($2
million).
2013 Compared to 2012.
Our Other Operations business segment reported an operating loss of $18 million for 2013 compared to operating
income of $2 million for 2012. The decrease in operating income of $20 million is primarily related to the costs associated with the formation of
Enable ($13 million), higher depreciation expense ($3 million) and higher property taxes ($2 million).
LIQUIDITY AND CAPITAL RESOURCES
Historical Cash Flows
The net cash provided by (used in) operating, investing and financing activities for 2014 , 2013 and 2012 is as follows (in millions):
Cash Provided by Operating Activities
Net cash provided by operating activities decreased $216 million in 2014 compared to 2013
primarily due to increased net tax payments
( $157 million ), decreased cash provided by fuel cost recovery ( $149 million ), increased net margin deposits ( $95 million
), decreased cash
related to gas storage inventory ($69 million), decreased cash from non-trading derivatives ( $38 million
) and decreased cash provided by net
regulatory assets and liabilities ( $39 million
), which was partially offset by increased distributions from equity method investments ($176
million) and increased cash provided by net accounts receivable/payable ( $140 million ).
Net cash provided by operating activities decreased $247 million in 2013 compared to 2012 primarily due to decreased operating income
($280 million), excluding the non-
cash goodwill impairment charge of $252 million, decreased cash provided by net accounts receivable/payable
($108 million), cash related to gas storage inventory ($43 million), decreased net margin deposits ($37 million), decreased cash from non-
trading
derivatives ($16 million), increased pension contributions ($9 million) and decreased cash provided by net regulatory assets and liabilities ($5
million), which was partially offset by increased cash provided by fuel cost recovery ($160 million), increased distributions from equity method
investments ($91 million) and decreased net tax payments ($11 million).
55
Year Ended December 31,
2014
2013
2012
Revenues
$
15
$
14
$
11
Expenses
14
32
9
Operating Income (Loss)
$
1
$
(18
)
$
2
Year Ended December 31,
2014
2013
2012
Cash provided by (used in):
Operating activities
$
1,397
$
1,613
$
1,860
Investing activities
(1,384
)
(1,300
)
(1,603
)
Financing activities
77
(751
)
169