Investor Presentaiton
61
SPS | Investor Fact Book October 2023 | Xcel Energy
SPS | Statements of Cash Flows
Years Ended December 31
Amounts in Millions
2022
2021
2020
Operating activities
Net income
$349
$318
$295
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
391
303
298
Deferred income taxes
17
(47)
22
Allowance for equity funds used during construction
(3)
(4)
(33)
Provision for bad debts
9
6
6
Changes in operating assets and liabilities:
Accounts receivable
Accrued unbilled revenues
Inventories
(67)
(29)
(14)
(16)
(10)
(19)
(21)
(35)
Prepayments and other
(50)
16
(14)
Accounts payable
22
4
8
Net regulatory assets and liabilities
(5)
(154)
(115)
Other current liabilities
52
(1)
13
Pension and other employee benefit obligations
1
(18)
(16)
Other, net
(5)
(4)
(1)
Net cash provided by operating activities
676
359
414
Investing activities
Utility capital/construction expenditures
Investments in utility money pool arrangement
Receipts from utility money pool arrangement
Net cash used in investing activities
(578)
(580)
(1,142)
(176)
(83)
(4)
176
83
4
(578)
(580)
(1,142)
Financing activities
(Repayments of) proceeds from short-term borrowings, net
(103)
(113)
250
Proceeds from issuance of long-term debt, net
196
247
343
Borrowings under utility money pool arrangement
336
539
561
Repayments under utility money pool arrangement
Capital contributions from parent
(427)
(448)
(561)
220
301
438
Dividends paid to parent
(319)
(310)
(313)
Net cash provided by financing activities
(97)
216
718
Net change in cash and cash equivalents
Cash, cash equivalents and restricted cash at beginning of period
Cash, cash equivalents and restricted cash at end of period
1
(5)
(10)
1
6
16
$2
$1
$6View entire presentation