PORTLAND GENERAL ELECTRIC
COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS
(In millions)
(Unaudited)
|
|
Years Ended December 31, |
| |
2011 |
|
2010 |
| Cash flows from operating activities: |
| Net income |
$ 147 |
|
$ 121 |
| Depreciation and amortization |
227 |
|
238 |
| Other non-cash items, net included in Net income |
132 |
|
66 |
| Changes in working capital |
(5) |
|
17 |
| Other, net |
(48) |
|
(51) |
| Net cash provided by operating activities |
453 |
|
391 |
|
| Cash flows from investing activities: |
| Capital expenditures |
(300) |
|
(450) |
| Other, net |
1 |
|
20 |
| Net cash used in investing activities |
(299) |
|
(430) |
|
| Cash flows from financing activities: |
| Net (payments) of issuances of long-term debt,
including premiums paid or issuance costs
incurred |
(80) |
|
61 |
| Net proceeds of short-term debt |
11 |
|
19 |
| Dividends paid |
(79) |
|
(78) |
| Noncontrolling interests’ capital
(distributions)
contributions |
(4) |
|
10 |
| Net cash (used in) provided by financing activities |
(152) |
|
12 |
| Change in cash and cash equivalents |
2 |
|
(27) |
| Cash and cash equivalents, beginning of year |
4 |
|
31 |
| Cash and cash equivalents, end of year |
$ 6 |
|
$ 4 |