DPL INC

CIK:0000787250|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues	$ 268.7	$ 229.9	$ 609.8	$ 484.2
OPERATING COSTS AND EXPENSES:
Purchased power	93.1	82.8	212.4	177.9
Operation and maintenance	77.1	65.5	157.3	131.0
Depreciation and amortization	31.5	29.6	63.2	58.8
Taxes other than income taxes	38.9	27.8	77.2	64.1
Other Cost and Expense, Operating	0.1	0.0	0.1	0.0
Costs and Expenses	240.7	205.7	510.2	431.8
OPERATING INCOME	28.0	24.2	99.6	52.4
OTHER INCOME / (EXPENSE), NET:
Interest expense, net	(19.3)	(19.9)	(39.3)	(43.8)
Other income, net	1.3	1.0	1.6	0.4
Total other expense, net	(18.0)	(18.9)	(37.7)	(43.4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	10.0	5.3	61.9	9.0
Income tax expense	2.7	3.0	15.3	4.0
NET INCOME	7.3	2.3	46.6	5.0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	3.1	1.6	15.8	1.6
Net Income (Loss) Attributable to Parent	$ 4.2	$ 0.7	$ 30.8	$ 3.4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 46.6	$ 5.0
Adjustments to reconcile net income to net cash provided by / (used in) operating activities:
Depreciation and amortization	63.2	58.8
Amortization of Debt Issuance Costs and Discounts	1.0	1.5
Deferred income taxes	13.7	3.9
Public Utilities, Allowance for Funds Used During Construction, Additions	(1.9)	(0.1)
Changes in certain assets and liabilities:
Accounts receivable, net	12.0	(30.3)
Inventories	(2.9)	(3.3)
Taxes applicable to subsequent years	75.7	69.2
Current regulatory assets and liabilities, net	30.0	7.8
Prepayments and other current assets	(10.2)	(2.8)
Increase (Decrease) in Current Regulatory Assets and Liabilities	3.1	(18.6)
Accounts payable	4.9	(27.8)
Accrued taxes payable / receivable	(68.8)	(57.9)
Accrued interest	0.2	(8.8)
Increase (Decrease) in Other Accrued Liabilities	3.3	2.3
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits	(7.2)	(7.2)
Other	(1.2)	(1.3)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	161.5	(9.6)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(217.8)	(158.3)
Proceeds from Contribution in Aid of Construction, Investing Activity	40.2	0.0
Payments for (Proceeds from) Removal Costs	(7.6)	(5.5)
Payment for (Proceeds from) Other Investing Activity	(0.5)	(0.3)
Net cash used in investing activities	(185.7)	(164.1)
Cash flows from financing activities:
Proceeds from (Payment for) Other Financing Activity	0.0	(0.8)
Proceeds from Lines of Credit	30.0	310.0
Repayments of Lines of Credit	(30.0)	(290.0)
Repayments of Long-Term Debt	0.0	(415.0)
Net cash provided by financing activities	120.5	189.8
Cash, cash equivalents, and restricted cash:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	96.3	16.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	179.3	70.2
Non-cash financing and investing activities:
Accruals for capital expenditures	75.3	56.9
Supplemental cash flow information:
Interest paid, net of amounts capitalized	38.4	52.2
Proceeds from Contributions from Parent	87.5	0.0
Proceeds from Issuance of Redeemable Convertible Preferred Stock	0.0	540.6
Proceeds from Contributions from Affiliates	37.5	45.0
Payments of Ordinary Dividends	(4.5)	$ 0.0
4.13% Senior Notes due 2025
Supplemental cash flow information:
Long-term Debt, Gross	$ 415.0

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 179.2	$ 82.9
Accounts Receivable, after Allowance for Credit Loss, Current	149.1	161.1
Inventories	73.2	70.3
Taxes applicable to subsequent years	74.8	150.4
Regulatory assets, current	70.3	61.1
Income Taxes Receivable, Current	22.5	24.2
Prepayments and other current assets	19.2	9.1
Total current assets	588.3	559.1
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	3,041.3	2,885.8
Assets, Total	3,928.9	3,781.0
Current liabilities:
Current portion of long-term debt	139.9	0.2
Accounts payable	141.4	144.0
Accrued taxes	151.0	145.7
Accrued interest	19.8	19.6
Contract with Customer, Liability, Current	10.6	8.8
Regulatory liabilities, current	14.1	1.8
Other current liabilities	81.0	57.4
Total current liabilities	557.8	377.5
Non-current liabilities:
Long-term debt	1,659.3	1,798.1
Deferred Tax Liabilities, Net	246.5	233.0
Taxes payable	75.2	150.9
Regulatory liabilities, non-current	197.9	189.5
Pension, retiree and other benefits	9.3	16.5
Other deferred credits	8.3	7.9
Total non-current liabilities	2,196.5	2,395.9
Redeemable Noncontrolling Interest, Equity, Carrying Amount	643.8	594.7
Common shareholder's equity:
Accumulated other comprehensive income	15.2	15.7
Members' Capital	3,136.8	3,049.3
Retained Earnings (Accumulated Deficit)	(2,621.2)	(2,652.1)
Members' Equity	530.8	412.9
Liabilities and Equity	3,928.9	3,781.0
Liabilities	2,754.3	2,773.4
Regulatory assets, non-current	109.0	137.4
Intangible assets, net of amortization	166.0	166.9
Assets, Noncurrent	3,340.6	3,221.9
Other Assets, Noncurrent	$ 24.3	$ 31.8