Progress Energy 2010 Annual Report Download - page 124
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2009
(in millions) Parent Subsidiary
Guarantor Non-Guarantor
Subsidiaries Other Progress
Energy, Inc.
Net cash provided by operating activities $108 $1,079 $1,282 $(198) $2,271
Investing activities
Gross property additions – (1,449) (858) 12 (2,295)
Nuclear fuel additions – (78) (122) – (200)
Proceeds from sales of assets to affiliated companies – – 11 (11) –
Purchases of available-for-sale securities and other investments – (1,548) (802) – (2,350)
Proceeds from available-for-sale securities and other investments – 1,558 756 – 2,314
Changes in advances to affiliated companies 4 (2) (172) 170 –
Return of investment in consolidated subsidiaries 12 – – (12) –
Contributions to consolidated subsidiaries (688) – – 688 –
Other investing activities – – (1) – (1)
Net cash used by investing activities (672) (1,519) (1,188) 847 (2,532)
Financing activities
Issuance of common stock, net 623 – – – 623
Dividends paid on common stock (693) – – – (693)
Dividends paid to parent – (1) (200) 201 –
Dividends paid to parent in excess of retained earnings – – (12) 12 –
Payments of short-term debt with original maturities greater than
90 days (629) – – – (629)
Net decrease in short-term debt 100 (371) (110) – (381)
Proceeds from issuance of long-term debt, net 1,683 – 595 – 2,278
Retirement of long-term debt – – (400) – (400)
Cash distributions to noncontrolling interests – (3) – (3) (6)
Changes in advances from affiliated companies – 170 – (170) –
Contributions from parent – 653 49 (702) –
Other financing activities (2) (9) 12 13 14
Net cash provided (used) by financing activities 1,082 439 (66) (649) 806
Net increase (decrease) in cash and cash equivalents 518 (1) 28 – 545
Cash and cash equivalents at beginning of year 88 73 19 – 180
Cash and cash equivalents at end of year $606 $72 $47 $– $725