Progress Energy 2006 Annual Report Download - page 127

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Progress Energy Annual Report 2006
125
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2006
(in millions) Parent Subsidiary Guarantor Other Progress Energy, Inc.
Net cash provided (used) by operating activities $1,295 $1,015 $(398) $1,912
Investing activities
Gross utility property additions – (718) (705) (1,423)
Diversified business property additions – (2) – (2)
Nuclear fuel additions – (12) (102) (114)
Proceeds from sales of discontinued operations and other assets,
net of cash divested – 1,239 415 1,654
Purchases of available-for-sale securities and other investments (919) (625) (908) (2,452)
Proceeds from sales of available-for-sale securities and other
investments 898 724 1,009 2,631
Changes in advances to affiliates 409 (39) (370) –
Proceeds from repayment of long-term affiliate debt 131 – (131) –
Return of investment in consolidated subsidiaries 287 – (287) –
Other investing activities (63) (6) 46 (23)
Net cash provided (used) by investing activities 743 561 (1,033) 271
Financing activities
Issuance of common stock 185 – – 185
Proceeds from issuance of long-term debt, net 397 – – 397
Net decrease in short-term debt – (102) (73) (175)
Retirement of long-term debt (2,091) (109) – (2,200)
Retirement of long-term affiliate debt – (131) 131 –
Dividends paid on common stock (607) – – (607)
Dividends paid to parent – (1,135) 1,135 –
Changes in advances from affiliates – (243) 243 –
Cash distributions to minority interests of consolidated subsidiary – (79) – (79)
Other financing activities (8) 71 (52) 11
Net cash (used) provided by financing activities (2,124) (1,728) 1,384 (2,468)
Cash provided (used) by discontinued operations
Operating activities – 92 (6) 86
Investing activities – (139) (2) (141)
Financing activities – – – –
Net decrease in cash and cash equivalents (86) (199) (55) (340)
Cash and cash equivalents at beginning of year 239 239 127 605
Cash and cash equivalents at end of year $153 $40 $72 $265