Investor Presentaiton
51
PSCO | Investor Fact Book October 2023 | Xcel Energy
PSCO | Consolidated Statements of Cash Flows
Years Ended December 31
Amounts in Millions
2022
2021
2020
Operating activities
Net income
$727
$660
$588
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
854
754
656
Deferred income taxes
(10)
21
2
Allowance for equity funds used during construction
(32)
(28)
(35)
Provision for bad debts
38
26
24
Changes in operating assets and liabilities:
Accounts receivable
Accrued unbilled revenues
Inventories
(227)
(58)
(51)
(169)
(52)
(5)
(86)
(71)
(27)
Prepayments and other
12
(23)
(8)
Accounts payable
183
66
(14)
Net regulatory assets and liabilities
82
(526)
58
Other current liabilities
8
30
45
Pension and other employee benefit obligations
(13)
(53)
(41)
Other, net
(112)
(19)
(18)
Net cash provided by operating activities
1,255
727
1,174
Investing activities
Utility capital/construction expenditures
Investments in utility money pool arrangement
Repayments from utility money pool arrangement
Net cash used in investing activities
(1,880)
(45)
(1,604)
(273)
(1,671)
(122)
45
273
122
(1,880)
(1,604)
(1,671)
Financing activities
Proceeds from (repayments of) short-term borrowings, net
146
11
136
Borrowings under utility money pool arrangement
Repayments under utility money pool arrangement
1,199
743
1,189
(1,199)
(800)
(1,171)
Proceeds from issuance of long-term debt
686
737
735
Repayments of long-term debt
Capital contributions from parent
Dividends paid to parent
(300)
(400)
569
650
856
(491)
(467)
(831)
610
874
514
Net cash provided by financing activities
Net change in cash and cash equivalents
(15)
(3)
17
Cash, cash equivalents and restricted cash at beginning of period
Cash, cash equivalents and restricted cash at end of period
25
28
11
$10
$25
$28View entire presentation