cashflow and expendituresQ3 they reported -$207.3 mln loss. Operating cashflow and after the working capital non cash items was positive $102.9 mln.
Expenditures included: Dividends totalling $108.1 mln and payments to related parties $11.5 mln.
That pretty well more than eats up cash flow of $102.9 before one even considers the $322 mln additions to plant and equipmemt during the qtr.
Reported non cash items totalled $95.7 mln and included two items I am not familar with. $57.7 mln Net regulatory assets and liabilities and Fuel storage of $34.4 mln. I understsand how working capital can be managed ( extending payables and shortening receivables for a temporary impact) but as to these items I am not sure and what it means to future cash flow.
Also
Have they raised all the equity they need to fund Kentucky acquisition? Approval is in January so they will need to write a cheque soon after I would think. I realize they have raised some equity and debt also but how much of what is left.
Cheers
spurge