Vectren 2013 Annual Report Download - page 120
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118
Accrued liabilities consist of the following:
At December 31,
(In millions) 2013 2012
Refunds to customers & customer deposits $ 50.2 $ 53.1
Accrued taxes 36.2 34.4
Accrued interest 20.0 23.1
Deferred compensation & post-retirement benefits 7.5 6.8
Deferred income taxes — 14.9
Accrued salaries & other 68.2 66.5
Total accrued liabilities $ 182.1 $ 198.8
Asset retirement obligations roll forward as follows:
(In millions) 2013 2012
Asset retirement obligation, January 1 $ 37.7 $ 43.7
Accretion 2.2 2.7
Changes in estimates, net of cash payments 1.4 (8.7)
Asset retirement obligation, December 31 41.3 37.7
Equity in (losses) of unconsolidated affiliates consists of the following:
Year Ended December 31,
(In millions) 2013 2012 2011
ProLiance Holdings, LLC $ (57.7) $ (22.7) $ (28.6)
Other (2.0) (0.6) (3.4)
Total equity in (losses) of unconsolidated affiliates $ (59.7) $ (23.3) $ (32.0)
Other income (expense) – net consists of the following:
Year Ended December 31,
(In millions) 2013 2012 2011
AFUDC – borrowed funds $ 5.9 $ 4.6 $ 2.5
AFUDC – equity funds 0.8 0.4 0.2
Nonutility plant capitalized interest 0.5 1.8 2.1
Interest income, net 1.1 1.1 1.4
Other nonutility investment impairment charges — (2.7) (9.9)
Cash surrender value of life insurance policies 4.8 1.8 0.1
All other income 4.6 1.3 0.1
Total other income (expense) – net $ 17.7 $ 8.3 $ (3.5)
Supplemental Cash Flow Information:
Year Ended December 31,
(In millions) 2013 2012 2011
Cash paid (received) for:
Interest $ 91.0 $ 94.6 $ 108.6
Income taxes 6.8 21.8 (9.0)
As of December 31, 2013 and 2012, the Company has accruals related to utility and nonutility plant purchases totaling
approximately $19.4 million and $11.1 million, respectively.