Investor Presentaiton
L
Appendix 47
Cash Flow
(dollars in millions)
Operating Activities
Net Income
December 31,
2020
2019
$
155.2
202.1
Non-Cash adjustments to net income
174.3
165.8
Cash from operating
activities increased by
$55.4M primarily due to
Changes in working capital
48.1
(53.0)
improved collections of
Other non-current assets & liabilities
(25.5)
(18.2)
Cash provided by Operating Activities
Investing Activities
PP&E additions
Investment in equity securities
Cash used in Investing Activities
Financing Activities
Issuance of long-term debt
Issuance of short-term borrowings
Line of credit repayments, net
Dividends on common stock
Financing costs
352.1
296.7
energy supply costs in the
current period, as
(405.8)
(316.0)
(0.0)
(405.8)
(0.1)
(316.1)
150.0
150.0
100.0
(67.0)
(19.0)
(120.4)
(115.1)
(2.6)
(1.1)
Other
(1.3)
1.4
Cash Provided by Financing Activities
58.7
16.2
Increase (Decrease) in Cash, Cash Equiv. & Restricted
5.0
(3.2)
Beginning Cash, Cash Equiv. & Restricted Cash
12.1
15.3
Ending Cash, Cash Equiv. & Restricted Cash
$
17.1
$
12.1
compared with higher
procured supply costs and
payments reducing cash
flows in 2019, including
TCJA credits to Montana
customers of
approximately $20.5
million and transmission
generation
interconnection refunds.
These improvements
were offset in part by
reduced net income.
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