Progress Energy 2006 Annual Report Download - page 128

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N O T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S
126
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2005
(in millions) Parent Subsidiary Guarantor Other Progress Energy, Inc.
Net cash provided by operating activities $257 $409 $509 $1,175
Investing activities
Gross utility property additions – (496) (584) (1,080)
Diversified business property additions – (6) – (6)
Nuclear fuel additions – (47) (79) (126)
Proceeds from sales of discontinued operations and other assets, net of
cash divested – 462 13 475
Purchases of available-for-sale securities and other investments (1,702) (405) (1,878) (3,985)
Proceeds from sales of available-for-sale securities and other investments 1,702 405 1,738 3,845
Changes in advances to affiliates 333 5 (338) –
Proceeds from repayment of long-term affiliate debt 369 – (369) –
Other investing activities (12) (26) 1 (37)
Net cash provided (used) by investing activities 690 (108) (1,496) (914)
Financing activities
Issuance of common stock 208 – – 208
Proceeds from issuance of long-term debt, net – 744 898 1,642
Net increase in short-term debt (170) (191) (148) (509)
Retirement of long-term debt (160) (104) (300) (564)
Retirement of long-term affiliate debt – (369) 369 –
Dividends paid on common stock (582) – – (582)
Dividends paid to parent – (2) 2 –
Changes in advances from affiliates – (101) 101 –
Other financing activities (9) 53 (10) 34
Net cash (used) provided by financing activities (713) 30 912 229
Cash provided (used) by discontinued operations
Operating activities – 93 201 294
Investing activities – (206) (26) (232)
Financing activities – (2) – (2)
Net increase in cash and cash equivalents 234 216 100 550
Cash and cash equivalents at beginning of year 5 23 27 55
Cash and cash equivalents at end of year $239 $239 $127 $605