NISOURCE INC
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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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.
Sep 30, 2024 · Filed Oct 30, 2024
NI$45.29+0.5%Stored close · as of Nov 10, 2026
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Condensed Statements of Consolidated Cash Flows (unaudited)
| Nine Months Ended September 30, (in millions) | 2024 | 2023 |
|---|---|---|
| Operating Activities | ||
| Net Income | $600.4 | $482.5 |
| Adjustments to Reconcile Net Income to Net Cash from Operating Activities: | ||
| Depreciation and amortization | 765.1 | 650.9 |
| Deferred income taxes and investment tax credits | 109.1 | 102.1 |
| Loss (gain) on sale of assets | 1.1 | (0.5) |
| Payments for asset retirement obligations | (55.0) | (25.0) |
| Other adjustments | (14.9) | 12.0 |
| Changes in Assets and Liabilities: | ||
| Components of working capital | (85.8) | 323.6 |
| Regulatory assets/liabilities | (35.6) | 15.1 |
| Deferred charges and other noncurrent assets | (45.1) | (11.8) |
| Other noncurrent liabilities and deferred credits | 2.4 | (13.0) |
| Net Cash Flows from Operating Activities | 1,241.7 | 1,535.9 |
| Investing Activities | ||
| Capital expenditures | (1,854.0) | (1,885.6) |
| Cost of removal | (108.9) | (118.7) |
| Milestone payments to renewable generation asset developer | (478.8) | (486.7) |
| Other investing activities | 27.2 | (12.3) |
| Net Cash Flows used for Investing Activities | (2,414.5) | (2,503.3) |
| Financing Activities | ||
| Proceeds from issuance of long-term debt | 2,229.6 | 1,488.7 |
| Repayments of finance lease obligations | (20.4) | (24.1) |
| Repayment of short term credit agreements | (1,650.0) | — |
| Net change in commercial paper and other short-term borrowings | (1,141.6) | 457.8 |
| Issuance of common stock, net of issuance costs | 507.9 | 9.6 |
| Redemption of preferred stock | (486.1) | (393.9) |
| Preferred stock redemption premium | (14.0) | (6.2) |
| Equity costs, premiums and other debt related costs | (62.9) | (19.3) |
| Contributions from NIPSCO minority interest holders | 99.5 | — |
| Distribution to NIPSCO minority interest holders | (32.0) | — |
| Contributions from tax equity partners | — | 240.9 |
| Distributions to tax equity partners | (14.3) | (12.0) |
| Dividends paid - common stock | (357.0) | (310.1) |
| Dividends paid - preferred stock | (8.2) | (35.7) |
| Contract liability payment | — | (49.9) |
| Payment of obligation to renewable generation asset developer | — | (347.2) |
| Net Cash Flows (used for) from Financing Activities | (949.5) | 998.6 |
| Change in cash, cash equivalents and restricted cash | (2,122.3) | 31.2 |
| 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 | $158.8 | $106.6 |
Reconciliation to Balance Sheet
| Nine Months Ended September 30, (in millions) | 2024 |
|---|---|
| Cash and cash equivalents | 126.2 |
| Restricted Cash | 32.6 |
| Total Cash, Cash Equivalents and Restricted Cash | 158.8 |
Supplemental Disclosures of Cash Flow Information
| Nine Months Ended September 30, (in millions) | 2024 | 2023 |
|---|---|---|
| Non-cash transactions: | ||
| Capital expenditures included in current liabilities | $348.0 | $389.0 |
| Dividends declared but not paid | 125.3 | 111.9 |
| Purchase contract liability | — | 16.4 |
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