v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - I&M - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization $ 2,842 $ 2,566
Deferred Income Taxes 515 124
Allowance for Equity Funds Used During Construction (226) (173)
Mark-to-Market of Risk Management Contracts (116) (193)
Deferred Fuel Over/Under-Recovery, Net 133 165
Change in Other Noncurrent Assets (838) (720)
Change in Other Noncurrent Liabilities 673 134
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (528) (212)
Fuel, Materials and Supplies (162) 151
Accounts Payable 603 327
Accrued Taxes, Net (899) (687)
Other Current Assets (81) 38
Other Current Liabilities 388 74
Net Cash Flows from Operating Activities 5,767 5,131
INVESTING ACTIVITIES    
Construction Expenditures (9,107) (6,001)
Purchases of Investment Securities (2,530) (2,407)
Sales of Investment Securities 2,443 2,349
Acquisitions of Generation Facilities (2,394) (1,657)
Acquisitions of Nuclear Fuel (97) (89)
Other Investing Activities (58) (92)
Net Cash Flows Used for Investing Activities (11,171) (7,749)
FINANCING ACTIVITIES    
Issuance of Long-term Debt 7,026 6,249
Retirement of Long-term Debt (1,834) (2,804)
Dividends Paid on Common Stock (1,558) (1,498)
Other Financing Activities (68) (35)
Net Cash Flows from (Used for) Financing Activities 5,643 3,479
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 239 861
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 268 246
Cash, Cash Equivalents and Restricted Cash at End of Period 507 1,107
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 1,548 1,315
Construction Expenditures Included in Current Liabilities as of September 30, 1,813 1,169
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, 0 1
INDIANA MICHIGAN POWER COMPANY    
OPERATING ACTIVITIES    
Net Income 358 332
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 411 386
Deferred Income Taxes 7 (52)
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net 21 (40)
Allowance for Equity Funds Used During Construction (20) (13)
Mark-to-Market of Risk Management Contracts (16) 8
Amortization of Nuclear Fuel 95 81
Deferred Fuel Over/Under-Recovery, Net 136 21
Change in Other Noncurrent Assets (54) (20)
Change in Other Noncurrent Liabilities 144 112
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 7 (1)
Fuel, Materials and Supplies (15) 39
Accounts Payable 72 79
Accrued Taxes, Net (69) (19)
Other Current Assets 17 10
Other Current Liabilities (26) 19
Net Cash Flows from Operating Activities 1,068 942
INVESTING ACTIVITIES    
Construction Expenditures (648) (478)
Change in Advances to Affiliates, Net 192 (157)
Purchases of Investment Securities (2,493) (2,387)
Sales of Investment Securities 2,435 2,332
Acquisitions of Generation Facilities (1,275) 0
Acquisitions of Nuclear Fuel (97) (89)
Other Investing Activities 12 31
Net Cash Flows Used for Investing Activities (1,874) (748)
FINANCING ACTIVITIES    
Capital Contribution from Parent 28 8
Issuance of Long-term Debt 640 249
Change in Advances from Affiliates, Net 284 (127)
Retirement of Long-term Debt (94) (270)
Principal Payments for Finance Lease Obligations (3) (5)
Dividends Paid on Common Stock (50) (50)
Other Financing Activities 1 1
Net Cash Flows from (Used for) Financing Activities 806 (194)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 0 0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 2 2
Cash, Cash Equivalents and Restricted Cash at End of Period 2 2
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 129 111
Noncash Acquisitions Under Finance Leases 3 2
Construction Expenditures Included in Current Liabilities as of September 30, 107 75
Acquisition of Nuclear Fuel Included in Current Liabilities as of September 30, $ 0 $ 1