NISOURCE INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
NI$45.29+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Consolidated Cash Flows (unaudited)
| Three Months Ended March 31, (in millions) | 2024 | 2023 |
|---|---|---|
| Operating Activities | ||
| Net Income | $400.3 | $337.8 |
| Adjustments to Reconcile Net Income to Net Cash from Operating Activities: | ||
| Depreciation and amortization | 242.1 | 206.9 |
| Deferred income taxes and investment tax credits | 61.6 | 75.5 |
| Payments for asset retirement obligations | (12.0) | (5.5) |
| Other adjustments | 7.8 | 1.1 |
| Changes in Assets and Liabilities: | ||
| Components of working capital | (235.2) | 71.1 |
| Regulatory assets/liabilities | 18.4 | 11.0 |
| Deferred charges and other noncurrent assets | (18.0) | (12.0) |
| Other noncurrent liabilities and deferred credits | (8.8) | (2.5) |
| Net Cash Flows from Operating Activities | 456.2 | 683.4 |
| Investing Activities | ||
| Capital expenditures | (589.5) | (557.1) |
| Milestone payments to renewable generation asset developer | (110.6) | (137.3) |
| Other investing activities | (22.9) | (33.4) |
| Net Cash Flows used for Investing Activities | (723.0) | (727.8) |
| Financing Activities | ||
| Proceeds from issuance of long-term debt | 644.4 | 744.2 |
| Repayments of finance lease obligations | (7.2) | (8.1) |
| Repayment of short term credit agreements | (1,650.0) | — |
| Net change in commercial paper and other short-term borrowings | (176.3) | (480.4) |
| Issuance of common stock, net of issuance costs | 2.7 | 3.0 |
| Redemption of preferred stock | (486.1) | — |
| Preferred stock redemption premium | (14.0) | — |
| Equity costs, premiums and other debt related costs | (57.6) | (11.8) |
| Contributions from noncontrolling interests | — | 3.6 |
| Distributions to noncontrolling interests | (3.0) | (5.3) |
| Dividends paid - common stock | (118.6) | (103.2) |
| Dividends paid - preferred stock | (8.1) | (8.1) |
| Contract liability payment | — | (16.6) |
| Net Cash Flows from Financing Activities | (1,873.8) | 117.3 |
| Change in cash, cash equivalents and restricted cash | (2,140.6) | 72.9 |
| Cash, cash equivalents and restricted cash at beginning of period | 2,281.1 | 75.4 |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $140.5 | $148.3 |
Reconciliation to Balance Sheet
| Three Months Ended March 31, (in millions) | 2024 |
|---|---|
| Cash and cash equivalents | 102.2 |
| Restricted Cash | 38.3 |
| Total Cash, Cash Equivalents and Restricted Cash | 140.5 |
Supplemental Disclosures of Cash Flow Information
| Three Months Ended March 31, (in millions) | 2024 | 2023 |
|---|---|---|
| Non-cash transactions: | ||
| Capital expenditures included in current liabilities | $239.7 | $261.1 |
| Dividends declared but not paid | 119.0 | 122.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.