STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2020 |
Sep. 30, 2019 |
| Document Fiscal Year Focus |
2020
|
|
| Operating activities |
|
|
| Net income |
$ 138,081
|
$ 135,587
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
142,898
|
134,260
|
| Deferred income taxes |
11,175
|
9,099
|
| Share-based compensation expense |
7,439
|
7,153
|
| Provision for doubtful accounts |
8,836
|
4,600
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
144,399
|
160,053
|
| Materials and supplies |
240
|
(12,455)
|
| Natural gas in storage |
(1,118)
|
(11,155)
|
| Increase (Decrease) in Other Regulatory Assets |
(29,019)
|
(38,101)
|
| Accounts payable |
(50,848)
|
(113,665)
|
| Accrued taxes other than income |
9,776
|
(435)
|
| Customer deposits |
(2,668)
|
(3,652)
|
| Regulatory assets and liabilities |
(24,478)
|
20,196
|
| Other assets and liabilities |
(29,384)
|
(2,942)
|
| Cash provided by operating activities |
325,329
|
288,543
|
| Investing activities |
|
|
| Capital expenditures |
(348,915)
|
(305,797)
|
| Other |
(1,379)
|
(4,056)
|
| Proceeds from Sale of Other Assets, Investing Activities |
2,482
|
1,036
|
| Cash used in investing activities |
(347,812)
|
(308,817)
|
| Financing activities |
|
|
| Repayments of notes payable, net |
(208,500)
|
95,500
|
| Proceeds from Issuance of Senior Long-term Debt |
297,750
|
0
|
| Payments of Debt Issuance Costs |
(2,885)
|
0
|
| Proceeds from Issuance of Common Stock |
16,325
|
2,536
|
| Dividends paid |
(85,698)
|
(79,055)
|
| Tax withholdings related to net share settlements of stock compensation |
(6,178)
|
(7,468)
|
| Cash used in financing activities |
10,814
|
11,513
|
| Change in cash and cash equivalents |
(11,669)
|
(8,761)
|
| Cash and cash equivalents at beginning of period |
17,853
|
21,323
|
| Cash and cash equivalents at end of period |
$ 6,184
|
$ 12,562
|