Consolidated Statement of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| Operating Activities |
|
|
|
|
| Net Income |
|
$ 185.5
|
$ 174.1
|
$ 172.2
|
| AFUDC – Equity |
|
(2.3)
|
(1.2)
|
(1.2)
|
| Income from Equity Investments – Net of Dividends |
|
(5.6)
|
(2.3)
|
(3.2)
|
| Change in Fair Value of Contingent Consideration |
[1] |
0.0
|
(2.0)
|
(0.7)
|
| Deferred Fuel Adjustment Clause Charge |
|
0.0
|
0.0
|
19.5
|
| Loss (Gain) on Sales of Investments and Property, Plant and Equipment |
|
(1.7)
|
1.0
|
0.4
|
| Depreciation Expense |
|
200.6
|
200.1
|
171.9
|
| Amortization of PSAs |
|
(11.6)
|
(23.6)
|
(23.6)
|
| Amortization of Other Intangible Assets and Other Assets |
|
13.0
|
10.4
|
10.2
|
| Deferred Income Tax Expense (Benefit) |
|
(6.7)
|
(15.8)
|
14.4
|
| Share-Based and ESOP Compensation Expense |
|
6.3
|
6.8
|
6.6
|
| Defined Benefit Pension and Other Postretirement Benefit Expense |
|
1.2
|
8.6
|
10.1
|
| Bad Debt Expense |
|
(0.1)
|
1.1
|
0.8
|
| Provision for Interim Rate Refund |
|
(40.0)
|
16.3
|
32.3
|
| Provision for Tax Reform Refund |
|
(10.4)
|
10.7
|
0.0
|
| Gain on Sale of U.S. Water Services |
|
(23.6)
|
0.0
|
0.0
|
| Changes in Operating Assets and Liabilities |
|
|
|
|
| Accounts Receivable |
|
22.6
|
(10.7)
|
(8.0)
|
| Inventories |
|
(4.1)
|
55.5
|
11.9
|
| Prepayments and Other |
|
0.3
|
(4.0)
|
(5.3)
|
| Accounts Payable |
|
(8.8)
|
13.6
|
(7.5)
|
| Other Current Liabilities |
|
(13.7)
|
6.7
|
1.8
|
| Cash Contributions to Defined Benefit Pension Plans |
|
(10.4)
|
(15.0)
|
(1.7)
|
| Changes in Regulatory and Other Non-Current Assets |
|
(25.1)
|
6.7
|
33.7
|
| Changes in Regulatory and Other Non-Current Liabilities |
|
(15.9)
|
(3.9)
|
(31.7)
|
| Cash from Operating Activities |
|
249.5
|
433.1
|
402.9
|
| Investing Activities |
|
|
|
|
| Proceeds from Sale of Available-for-sale Securities |
|
12.1
|
10.2
|
10.1
|
| Payments for Purchase of Available-for-sale Securities |
|
(12.2)
|
(13.3)
|
(8.6)
|
| Acquisitions of Subsidiaries – Net of Cash and Restricted Cash Acquired |
|
0.0
|
0.0
|
(18.5)
|
| Equity Investments |
|
(37.9)
|
(39.2)
|
(7.8)
|
| Proceeds from Equity Method Investment, Distribution, Return of Capital |
|
8.3
|
0.0
|
0.0
|
| Additions to Property, Plant and Equipment |
|
(597.1)
|
(312.4)
|
(208.5)
|
| Proceeds from Sale of Productive Assets |
|
268.6
|
0.0
|
0.0
|
| Other Investing Activities |
|
12.9
|
5.7
|
4.3
|
| Cash for Investing Activities |
|
(345.3)
|
(349.0)
|
(229.0)
|
| Financing Activities |
|
|
|
|
| Proceeds from Issuance of Common Stock |
|
1.9
|
20.3
|
86.0
|
| Proceeds from Issuance of Long-Term Debt |
|
201.9
|
75.6
|
131.5
|
| Repayments of Long-Term Debt |
|
(72.2)
|
(95.5)
|
(189.6)
|
| Proceeds from Non-Controlling Interest |
|
103.8
|
0.0
|
0.0
|
| Acquisition-Related Contingent Consideration Payments |
|
(3.8)
|
0.0
|
(19.7)
|
| Dividends on Common Stock |
|
(121.4)
|
(115.0)
|
(108.7)
|
| Other Financing Activities |
|
(0.9)
|
(0.6)
|
(1.6)
|
| Cash for Financing Activities |
|
109.3
|
(115.2)
|
(102.1)
|
| Change in Cash, Cash Equivalents and Restricted Cash |
|
13.5
|
(31.1)
|
71.8
|
| Cash, Cash Equivalents and Restricted Cash |
|
$ 92.5
|
$ 79.0
|
$ 110.1
|
|
|