10-K - SCANA Corporation

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Table of Contents See Notes to Consolidated Financial Statements. SCANA Corporation CONSOLIDATED STATEMENTS OF INCOME Years Ended December 31, (Millions of dollars, except per share amounts) 2011 2010 2009 Operating Revenues: Electric $ 2,424 $ 2,367 $ 2,141 Gas-regulated 849 989 958 Gas-nonregulated 1,136 1,245 1,138 Total Operating Revenues 4,409 4,601 4,237 Operating Expenses: Fuel used in electric generation 917 942 818 Purchased power 19 17 17 Gas purchased for resale 1,455 1,679 1,570 Other operation and maintenance 658 670 640 Depreciation and amortization 346 335 316 Other taxes 201 190 177 Total Operating Expenses 3,596 3,833 3,538 Operating Income 813 768 699 Other Income (Expense): Other income 52 52 67 Other expenses (40) (39) (37) Interest charges, net of allowance for borrowed funds used during construction of $7, $10 and $23 (284) (266) (233) Allowance for equity funds used during construction 14 20 28 Total Other Expense (258) (233) (175) Income Before Income Tax Expense 555 535 524 Income Tax Expense 168 159 167 Net Income 387 376 357 Less Preferred Stock Dividends of Subsidiary — — (9) Income Available to Common Shareholders of SCANA $ 387 $ 376 $ 348 Per Common Share Data Basic Earnings Per Share of Common Stock $ 3.01 $ 2.99 $ 2.85 Diluted Earnings Per Share of Common Stock 2.97 2.98 2.85 Weighted Average Common Shares Outstanding (millions) Basic 128.8 125.7 122.1 Diluted 130.2 126.3 122.2 Dividends Declared Per Share of Common Stock $ 1.94 $ 1.90 $ 1.88 56
Table of Contents See Notes to Consolidated Financial Statements. SCANA Corporation CONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended December 31, (Millions of dollars) 2011 2010 2009 Cash Flows From Operating Activities: Net Income $ 387 $ 376 $ 357 Adjustments to reconcile net income to net cash provided from operating activities: Earnings from equity method investments, net of distributions 2 3 1 Deferred income taxes, net 164 240 93 Depreciation and amortization 354 341 329 Amortization of nuclear fuel 40 36 18 Allowance for equity funds used during construction (14) (20) (28) Carrying cost recovery — (3) (5) Cash provided (used) by changes in certain assets and liabilities: Receivables 34 (143) 134 Inventories (44) 11 (76) Prepayments and other 58 (109) 64 Regulatory assets (173) (71) (82) Regulatory liabilities (17) (13) (6) Accounts payable (99) 79 (46) Taxes accrued 8 12 6 Interest accrued 2 1 2 Changes in other assets 34 (32) (36) Changes in other liabilities 75 103 (46) Net Cash Provided From Operating Activities 811 811 679 Cash Flows From Investing Activities: Property additions and construction expenditures (884) (876) (914) Proceeds from investments (including derivative collateral posted) 36 104 31 Purchase of investments (including derivative collateral posted) (168) (102) (6) Settlements of interest rate contracts (61) — — Net Cash Used For Investing Activities (1,077) (874) (889) Cash Flows From Financing Activities: Proceeds from issuance of common stock 97 149 191 Proceeds from issuance of long-term debt 826 259 600 Repayments of long-term debt (668) (300) (599) Redemption/repurchase of equity securities — — (113) Dividends (248) (237) (234) Short-term borrowings, net 233 85 255 Net Cash Provided From (Used For) Financing Activities 240 (44) 100 Net Decrease in Cash and Cash Equivalents (26) (107) (110) Cash and Cash Equivalents, January 1 55 162 272 Cash and Cash Equivalents, December 31 $ 29 $ 55 $ 162 Supplemental Cash Flow Information: Cash paid for—Interest (net of capitalized interest of $7, $9 and $23) $ 276 $ 268 $ 233 —Income taxes 6 61 79 Noncash Investing and Financing Activities: Accrued construction expenditures 85 179 160 Capital leases 6 6 — 57
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Table of Contents UNITED STATES SEC
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Table of Contents CAUTIONARY STATEM
Page 5 and 6: Table of Contents TERM MEANING MGP
Page 7 and 8: Table of Contents Regulated Utiliti
Page 9 and 10: Table of Contents Electric Intercon
Page 11 and 12: Table of Contents Gas Cost, Supply
Page 13 and 14: Table of Contents SCE&G holds licen
Page 15 and 16: Table of Contents PSNC Energy’s r
Page 17 and 18: Table of Contents Furthermore, rece
Page 19 and 20: Table of Contents One rating agency
Page 21 and 22: Table of Contents • Uncertainties
Page 23 and 24: Table of Contents ELECTRIC PROPERTI
Page 25 and 26: Table of Contents Litigation In May
Page 27 and 28: Table of Contents PART II ITEM 5. M
Page 29 and 30: Table of Contents SCANA CORPORATION
Page 31 and 32: Table of Contents Key Earnings Driv
Page 33 and 34: Table of Contents Retail Gas Market
Page 35 and 36: Table of Contents • 2010 vs 2009
Page 39 and 40: Table of Contents The Company’s c
Page 41 and 42: Table of Contents With respect to h
Page 43 and 44: Table of Contents Air Quality With
Page 45 and 46: Table of Contents Electric Operatio
Page 47 and 48: Table of Contents the effects of di
Page 49 and 50: Table of Contents substantial compl
Page 51 and 52: Table of Contents ITEM 7A. QUANTITA
Page 53 and 54: Table of Contents ITEM 8. FINANCIAL
Page 55: Table of Contents See Notes to Cons
Page 59 and 60: Table of Contents NOTES TO CONSOLID
Page 61 and 62: Table of Contents costs for turbine
Page 63 and 64: Table of Contents Fuel costs, emiss
Page 65 and 66: Table of Contents In May 2009, two
Page 67 and 68: Table of Contents Accumulated defer
Page 69 and 70: Table of Contents SCANA issued comm
Page 71 and 72: Table of Contents The difference be
Page 73 and 74: Table of Contents losses from its h
Page 75 and 76: Table of Contents The effect of der
Page 77 and 78: Table of Contents 8. EMPLOYEE BENEF
Page 79 and 80: Table of Contents The Company’s p
Page 81 and 82: Table of Contents Net Periodic Bene
Page 83 and 84: Table of Contents Equity Awards In
Page 85 and 86: Table of Contents SCE&G maintains a
Page 87 and 88: Table of Contents 11. AFFILIATED TR
Page 89 and 90: Table of Contents 13. QUARTERLY FIN
Page 91 and 92: Table of Contents ITEM 7. MANAGEMEN
Page 93 and 94: Table of Contents retain large comm
Page 97 and 98: Table of Contents regulations, will
Page 99 and 100: Table of Contents on its draws, whi
Page 101 and 102: Table of Contents To help mitigate
Page 103 and 104: Table of Contents The RSA allows na
Page 105 and 106: Table of Contents site of Summer St
Page 107 and 108:
Table of Contents ITEM 7A. QUANTITA
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Table of Contents ITEM 8. FINANCIAL
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Table of Contents December 31, (Mil
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Table of Contents See Notes to Cons
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Table of Contents NOTES TO CONSOLID
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Table of Contents $32.7 million, of
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Table of Contents 2. RATE AND OTHER
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Table of Contents Regulatory Assets
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Table of Contents 4. LONG-TERM AND
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Table of Contents The tax effects o
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Table of Contents The fair value of
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Table of Contents 8. EMPLOYEE BENEF
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Table of Contents The pension plan
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Table of Contents Net Periodic Bene
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Table of Contents Nonvested shares
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Table of Contents Claims and Litiga
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Table of Contents Disclosure of Rep
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Table of Contents ITEM 9. CHANGES I
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Table of Contents SCE&G: Evaluation
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Table of Contents ITEM 14. PRINCIPA
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Table of Contents Schedule II—Val
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Table of Contents SIGNATURES Pursua
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Table of Contents Applicable to Exh
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Exhibit 12.01 SCANA CORPORATION CAL
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Exhibit 23.01 CONSENT OF INDEPENDEN
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Exhibit 24.01 POWER OF ATTORNEY KNO
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Exhibit 31.01 CERTIFICATION I, Kevi
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Exhibit 31.03 CERTIFICATION I, Kevi
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Exhibit 32.01 SCANA CORPORATION CER
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Exhibit 32.03 SOUTH CAROLINA ELECTR
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scg-20111231.xml
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scg-20111231_cal.xml
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scg-20111231_pre.xml
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10-K - SCANA Corporation

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