NISOURCE INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
NI$45.29+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Consolidated Cash Flows
| Year Ended December 31, (in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $674.4 | $791.8 | $588.8 |
| Adjustments to Reconcile Net Income to Net Cash from Operating Activities: | |||
| Depreciation and amortization | 908.2 | 820.8 | 748.4 |
| Deferred income taxes and investment tax credits | 134.1 | 156.9 | 111.9 |
| Stock compensation expense and 401(k) profit sharing contribution | 33.5 | 24.9 | 24.3 |
| Loss (gain) on sale of assets | 2.9 | (105.3) | 5.6 |
| Other adjustments | (17.9) | 5.7 | (0.7) |
| Changes in Assets and Liabilities: | |||
| Accounts receivable | 184.1 | (216.3) | (40.3) |
| Gas storage and other inventories | 233.9 | (258.9) | (112.9) |
| Accounts payable | (171.8) | 165.0 | 54.9 |
| Exchange gas receivable/payable | 126.5 | 57.8 | (114.2) |
| Other accruals | (102.9) | 73.4 | 43.0 |
| Prepayments and other current assets | 36.7 | (9.8) | (36.6) |
| Regulatory assets/liabilities | (26.2) | (129.4) | 76.8 |
| Postretirement and postemployment benefits | (22.0) | 84.7 | (96.4) |
| Deferred charges and other noncurrent assets | (10.1) | (4.1) | (4.7) |
| Other noncurrent liabilities and deferred credits | (48.3) | (47.8) | (30.0) |
| Net Cash Flows from Operating Activities | 1,935.1 | 1,409.4 | 1,217.9 |
| Investing Activities | |||
| Capital expenditures | (2,645.8) | (2,203.1) | (1,838.0) |
| Insurance Recoveries | 3.0 | 105.0 | — |
| Cost of removal | (160.8) | (151.7) | (121.1) |
| Purchases of available-for-sale securities | (42.8) | (73.5) | (102.9) |
| Sales of available-for-sale securities | 39.9 | 75.7 | 97.8 |
| Milestone and final payments to renewable generation asset developer | (761.4) | (323.9) | (240.4) |
| Other investing activities | (3.7) | 1.3 | (1.0) |
| Net Cash Flows used for Investing Activities | (3,571.6) | (2,570.2) | (2,204.9) |
| Financing Activities | |||
| Proceeds from issuance of long-term debt | 1,488.7 | 345.6 | — |
| Repayments of long-term debt and finance lease obligations | (33.1) | (60.3) | (25.7) |
| Issuance of short term credit agreements | 650.0 | 1,000.0 | — |
| Net change in commercial paper and other short-term borrowings | 636.4 | 202.2 | 57.0 |
| Issuance of common stock, net of issuance costs | 12.9 | 154.3 | 299.6 |
| Payment of obligation to renewable generation asset developer | (347.2) | — | — |
| Equity costs, premiums and other debt related costs | (30.2) | (13.0) | (18.2) |
| Contributions from noncontrolling interests | 2,402.8 | 21.2 | 245.1 |
| Distributions to noncontrolling interest | (14.1) | (6.0) | (0.6) |
| Issuance of equity units, net of underwriting costs | — | — | 839.9 |
| Redemption of preferred stock | (393.9) | — | — |
| Dividends paid - common stock | (413.5) | (381.5) | (345.2) |
| Preferred stock redemption premium | (6.2) | — | — |
| Dividends paid - preferred stock | (43.8) | (55.1) | (55.1) |
| Contract liability payment | (66.6) | (66.1) | (40.5) |
| Net Cash Flows from Financing Activities | 3,842.2 | 1,141.3 | 956.3 |
| Change in cash, cash equivalents and restricted cash | 2,205.7 | (19.5) | (30.7) |
| Cash, cash equivalents and restricted cash at beginning of period | 75.4 | 94.9 | 125.6 |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $2,281.1 | $75.4 | $94.9 |
| Reconciliation to Balance Sheet | 2023 | 2022 | 2021 |
|---|---|---|---|
| Cash and cash equivalents | 2,245.4 | 40.8 | 84.2 |
| Restricted Cash | 35.7 | 34.6 | 10.7 |
| Total Cash, Cash Equivalents and Restricted Cash | 2,281.1 | 75.4 | 94.9 |
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