Progress Energy 2010 Annual Report Download - page 125
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121
Progress Energy Annual Report 2010
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year ended December 31, 2008
(in millions) Parent Subsidiary
Guarantor Non-Guarantor
Subsidiaries Other Progress
Energy, Inc.
Net cash (used) provided by operating activities $(90) $221 $1,114 $(27) $1,218
Investing activities
Gross property additions – (1,553) (794) 14 (2,333)
Nuclear fuel additions – (43) (179) – (222)
Proceeds from sales of assets to affiliated companies – 12 – (12) –
Purchases of available-for-sale securities and other investments (7) (783) (800) – (1,590)
Proceeds from available-for-sale securities and other investments – 788 746 – 1,534
Changes in advances to affiliated companies 123 105 8 (236) –
Return of investment in consolidated subsidiaries 20 10 – (30) –
Contributions to consolidated subsidiaries (101) – – 101 –
Other investing activities – 57 13 – 70
Net cash provided (used) by investing activities 35 (1,407) (1,006) (163) (2,541)
Financing activities
Issuance of common stock, net 132 – – – 132
Dividends paid on common stock (642) – – – (642)
Dividends paid to parent – (33) – 33 –
Dividends paid to parent in excess of retained earnings – – (20) 20 –
Payments of short-term debt with original maturities greater than
90 days (176) – – – (176)
Proceeds from issuance of short-term debt with original maturities
greater than 90 days 629 – – – 629
Net increase in short-term debt 15 371 110 – 496
Proceeds from issuance of long-term debt, net – 1,475 322 – 1,797
Retirement of long-term debt – (577) (300) – (877)
Cash distributions to noncontrolling interests – (85) (10) 10 (85)
Changes in advances from affiliated companies – (21) (215) 236 –
Contributions from parent – 85 29 (114) –
Other financing activities – 1 (32) 5 (26)
Net cash (used) provided by financing activities (42) 1,216 (116) 190 1,248
Net (decrease) increase in cash and cash equivalents (97) 30 (8) – (75)
Cash and cash equivalents at beginning of year 185 43 27 – 255
Cash and cash equivalents at end of year $88 $73 $19 $– $180