STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Document Fiscal Year Focus |
2018
|
|
| Operating activities |
|
|
| Net income |
$ 90,835
|
$ 76,456
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
38,890
|
37,019
|
| Deferred income taxes |
24,077
|
37,461
|
| Share-based compensation expense |
1,945
|
2,421
|
| Provision for doubtful accounts |
2,722
|
2,281
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
(7,447)
|
39,508
|
| Materials and supplies |
4,610
|
(204)
|
| Natural gas in storage |
79,598
|
34,201
|
| Asset removal costs |
(7,436)
|
(10,387)
|
| Accounts payable |
(56,409)
|
(53,957)
|
| Accrued interest |
(11,109)
|
(11,187)
|
| Accrued taxes other than income |
6,147
|
(5,140)
|
| Accrued liabilities |
(17,223)
|
(10,457)
|
| Customer deposits |
1,050
|
736
|
| Regulatory assets and liabilities |
83,724
|
20,699
|
| Other assets and liabilities |
(10,690)
|
2,786
|
| Cash provided by operating activities |
223,284
|
162,236
|
| Investing activities |
|
|
| Capital expenditures |
(86,599)
|
(70,471)
|
| Other |
0
|
61
|
| Cash used in investing activities |
(86,599)
|
(70,410)
|
| Financing activities |
|
|
| Repayments of notes payable, net |
(74,608)
|
(59,600)
|
| Repurchase of common stock |
0
|
(2,469)
|
| Dividends paid |
(24,137)
|
(22,034)
|
| Tax withholdings related to net share settlements of stock compensation |
(7,817)
|
(9,180)
|
| Cash used in financing activities |
(106,562)
|
(93,283)
|
| Change in cash and cash equivalents |
30,123
|
(1,457)
|
| Cash and cash equivalents at beginning of period |
14,413
|
14,663
|
| Cash and cash equivalents at end of period |
$ 44,536
|
$ 13,206
|