Progress Energy 2010 Annual Report Download - page 123

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119
Progress Energy Annual Report 2010
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2010
(in millions) Parent Subsidiary
Guarantor Non-Guarantor
Subsidiaries Other Progress
Energy, Inc.
Net cash provided by operating activities $16 $1,181 $1,562 $(222) $2,537
Investing activities
Gross property additions – (1,014) (1,231) 24 (2,221)
Nuclear fuel additions – (38) (183) – (221)
Purchases of available-for-sale securities and
other investments – (6,391) (618) – (7,009)
Proceeds from available-for-sale securities and
other investments – 6,395 595 – 6,990
Changes in advances to affiliated companies 15 (2) 188 (201) –
Return of investment in consolidated subsidiaries 54 – – (54) –
Contributions to consolidated subsidiaries (171) – – 171 –
Other investing activities 113 60 3 (115) 61
Net cash provided (used) by investing activities 11 (990) (1,246) (175) (2,400)
Financing activities
Issuance of common stock, net 434 – – – 434
Dividends paid on common stock (717) – – – (717)
Dividends paid to parent – (102) (100) 202 –
Dividends paid to parent in excess of retained earnings – – (54) 54 –
Net decrease in short-term debt (140) – – – (140)
Proceeds from issuance of long-term debt, net – 591 – – 591
Retirement of long-term debt (100) (300) – – (400)
Cash distributions to noncontrolling interest – (3) – (3) (6)
Changes in advances from affiliated companies – (201) – 201 –
Contributions from parent – 33 152 (185) –
Other financing activities – (11) (130) 128 (13)
Net cash (used) provided by financing activities (523) 7 (132) 397 (251)
Net (decrease) increase in cash and cash equivalents (496) 198 184 – (114)
Cash and cash equivalents at beginning of year 606 72 47 – 725
Cash and cash equivalents at end of year $110 $270 $231 $– $611