Progress Energy 2007 Annual Report Download - page 132

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
130
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 $1,110 $(404) $2,001
Investing activities
Gross property additions –(865) (707) (1,572)
Nuclear fuel additions –(12) (102) (114)
Proceeds from sales of discontinued operations and other assets, net of
cash divested –1,242 415 1,657
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 743 419 (1,035) 127
Financing activities
Issuance of common stock 185 – – 185
Dividends paid on common stock (607) – – (607)
Dividends paid to parent –(1,135) 1,135 –
Net decrease in short-term debt –(102) (73) (175)
Proceeds from issuance of long-term debt, net 397 – – 397
Retirement of long-term debt (2,091) (109) –(2,200)
Retirement of long-term affiliate debt –(131) 131 –
Changes in advances from affiliates –(243) 243 –
Other financing activities (8) (8) (52) (68)
Net cash (used) provided by financing activities (2,124) (1,728) 1,384 (2,468)
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