v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - I&M - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization $ 1,817 $ 1,687
Deferred Income Taxes 332 (54)
Allowance for Equity Funds Used During Construction (145) (114)
Mark-to-Market of Risk Management Contracts (123) (241)
Deferred Fuel Over/Under-Recovery, Net 31 (41)
Change in Other Noncurrent Assets (628) (440)
Change in Other Noncurrent Liabilities 581 41
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (62) (176)
Fuel, Materials and Supplies (162) 114
Accounts Payable 408 287
Accrued Taxes, Net (397) (469)
Other Current Assets (27) 11
Other Current Liabilities (123) (171)
Net Cash Flows from Operating Activities 3,421 2,671
INVESTING ACTIVITIES    
Construction Expenditures (5,606) (4,020)
Purchases of Investment Securities (1,264) (1,337)
Sales of Investment Securities 1,216 1,311
Acquisitions of Generation Facilities (1,315) (1,359)
Acquisitions of Nuclear Fuel (51) (45)
Other Investing Activities (7) (3)
Net Cash Flows Used for Investing Activities (6,602) (5,347)
FINANCING ACTIVITIES    
Issuance of Long-term Debt 5,045 3,163
Retirement of Long-term Debt (1,578) (1,324)
Dividends Paid on Common Stock (1,039) (999)
Other Financing Activities (60) (22)
Net Cash Flows from Financing Activities 3,360 2,709
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 179 33
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 268 246
Cash, Cash Equivalents and Restricted Cash at End of Period 447 279
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 1,083 946
Construction Expenditures Included in Current Liabilities as of June 30, 2,005 1,059
Acquisition of Nuclear Fuel Included in Current Liabilities as of June 30, 33 33
INDIANA MICHIGAN POWER COMPANY    
OPERATING ACTIVITIES    
Net Income 245 182
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 269 253
Deferred Income Taxes (10) (46)
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net 37 (23)
Allowance for Equity Funds Used During Construction (12) (8)
Mark-to-Market of Risk Management Contracts (12) 7
Amortization of Nuclear Fuel 64 52
Deferred Fuel Over/Under-Recovery, Net 78 9
Change in Other Noncurrent Assets (26) (14)
Change in Other Noncurrent Liabilities 94 55
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 10 (10)
Fuel, Materials and Supplies (18) 26
Accounts Payable 22 28
Accrued Taxes, Net (13) (1)
Other Current Assets 11 3
Other Current Liabilities (5) (14)
Net Cash Flows from Operating Activities 734 499
INVESTING ACTIVITIES    
Construction Expenditures (367) (306)
Change in Advances to Affiliates, Net 129 0
Purchases of Investment Securities (1,249) (1,330)
Sales of Investment Securities 1,209 1,294
Acquisitions of Generation Facilities (965) 0
Acquisitions of Nuclear Fuel (51) (45)
Other Investing Activities 9 27
Net Cash Flows Used for Investing Activities (1,285) (360)
FINANCING ACTIVITIES    
Capital Contribution from Parent 25 7
Issuance of Long-term Debt 640 249
Change in Advances from Affiliates, Net 0 (101)
Retirement of Long-term Debt (63) (240)
Principal Payments for Finance Lease Obligations (2) (3)
Dividends Paid on Common Stock (50) (50)
Other Financing Activities 1 1
Net Cash Flows from Financing Activities 551 (137)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 0 2
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2 2
Cash, Cash Equivalents and Restricted Cash at End of Period 2 4
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 70 72
Noncash Acquisitions Under Finance Leases 1 1
Construction Expenditures Included in Current Liabilities as of June 30, 99 82
Acquisition of Nuclear Fuel Included in Current Liabilities as of June 30, $ 33 $ 33