Condensed Consolidated Statements of Cash Flows – Unaudited | ||||||||
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(In Millions) |
| Nine Months Ended June 30, |
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|
| 2023 |
|
| 2022 |
| ||
Operating Activities: |
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|
|
|
|
|
|
|
Net Income |
| $ | 248.6 |
|
| $ | 227.9 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
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|
|
|
|
|
|
|
Depreciation and amortization |
|
| 189.0 |
|
|
| 176.2 |
|
Deferred income taxes and investment tax credits |
|
| 55.7 |
|
|
| 57.0 |
|
Changes in assets and liabilities |
|
| (99.4) |
|
|
| (262.6) |
|
Other |
|
| 10.2 |
|
|
| 6.1 |
|
Net cash provided by operating activities |
|
| 404.1 |
|
|
| 204.6 |
|
|
|
|
|
|
|
|
|
|
Investing Activities: |
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|
|
|
|
|
|
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Capital expenditures |
|
| (483.3) |
|
|
| (402.5) |
|
Payment for business acquisition |
|
| (37.0) |
|
|
| — |
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Other |
|
| 3.9 |
|
|
| 4.2 |
|
Net cash used in investing activities |
|
| (516.4) |
|
|
| (398.3) |
|
|
|
|
|
|
|
|
|
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Financing Activities: |
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|
|
|
|
|
|
|
Issuance of long-term debt |
|
| 755.0 |
|
|
| 300.0 |
|
Repayment of long-term debt |
|
| (31.2) |
|
|
| (55.8) |
|
(Repayment) issuance of short-term debt, net |
|
| (479.9) |
|
|
| 37.2 |
|
Issuance of common stock |
|
| 4.0 |
|
|
| 51.9 |
|
Dividends paid on common stock |
|
| (112.5) |
|
|
| (105.9) |
|
Dividends paid on preferred stock |
|
| (11.1) |
|
|
| (11.1) |
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Other |
|
| (7.5) |
|
|
| (3.8) |
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Net cash provided by financing activities |
|
| 116.8 |
|
|
| 212.5 |
|
|
|
|
|
|
|
|
|
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Net Increase in Cash, Cash Equivalents, and Restricted Cash |
|
| 4.5 |
|
|
| 18.8 |
|
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period |
|
| 20.5 |
|
|
| 11.3 |
|
Cash, Cash Equivalents, and Restricted Cash at End of Period |
| $ | 25.0 |
|
| $ | 30.1 |
|