|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| OPERATING ACTIVITIES |
|
|
| Net income |
$ 84.6 |
$ 85.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, depletion and amortization |
56.2 |
57.2 |
| Deferred income taxes |
(3.8) |
(1.2) |
| Share-based compensation |
3.2 |
3.2 |
| (Income) from unconsolidated affiliate |
(0.9) |
(0.9) |
| Distributions from unconsolidated affiliate and other |
1.5 |
1.6 |
| Changes in operating assets and liabilities |
82.6 |
67.9 |
| Net Cash Provided By Operating Activities |
223.4 |
212.9 |
| INVESTING ACTIVITIES |
|
|
| Property, plant and equipment |
(66.1) |
(69.7) |
| Questar Gas acquisition of gas distribution system |
(11.4) |
0 |
| Cash used in disposition of assets |
(0.6) |
(0.9) |
| Proceeds from disposition of assets |
0.2 |
0 |
| Net Cash Used In Investing Activities |
(77.9) |
(70.6) |
| FINANCING ACTIVITIES |
|
|
| Common stock issued |
1.3 |
0.5 |
| Common stock repurchased |
(3.6) |
(2.8) |
| Change in short-term debt |
(133.0) |
(119.0) |
| Capital lease obligation repaid |
0.3 |
0.3 |
| Dividends paid |
(37.1) |
(31.6) |
| Tax benefits from share-based compensation |
0 |
0.5 |
| Net Cash Provided By (Used In) Financing Activities |
(172.7) |
(152.7) |
| Change in cash and cash equivalents |
(27.2) |
(10.4) |
| Beginning cash and cash equivalents |
32.0 |
16.0 |
| Ending cash and cash equivalents |
4.8 |
5.6 |
| Questar Gas [Member] |
|
|
| OPERATING ACTIVITIES |
|
|
| Net income |
43.8 |
39.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
14.9 |
14.6 |
| Deferred income taxes |
(2.4) |
(0.1) |
| Share-based compensation |
0.3 |
0.3 |
| Changes in operating assets and liabilities |
80.0 |
45.3 |
| Net Cash Provided By Operating Activities |
136.6 |
99.7 |
| INVESTING ACTIVITIES |
|
|
| Property, plant and equipment |
(43.0) |
(48.9) |
| Questar Gas acquisition of gas distribution system |
(11.4) |
0 |
| Cash used in disposition of assets |
(0.5) |
(0.9) |
| Proceeds from disposition of assets |
0.1 |
0 |
| Net Cash Used In Investing Activities |
(54.8) |
(49.8) |
| FINANCING ACTIVITIES |
|
|
| Change in notes receivable from Questar |
0 |
(30.6) |
| Change in notes payable to Questar |
(83.5) |
(17.7) |
| Checks outstanding in excess of cash balances |
0.4 |
0 |
| Dividends paid to Questar |
(18.5) |
(9.0) |
| Net Cash Provided By (Used In) Financing Activities |
(101.6) |
(57.3) |
| Change in cash and cash equivalents |
(19.8) |
(7.4) |
| Beginning cash and cash equivalents |
19.8 |
8.8 |
| Ending cash and cash equivalents |
0 |
1.4 |
| Questar Pipeline [Member] |
|
|
| OPERATING ACTIVITIES |
|
|
| Net income |
13.9 |
15.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
14.5 |
14.1 |
| Deferred income taxes |
(0.2) |
(0.1) |
| Share-based compensation |
0.5 |
0.6 |
| (Income) from unconsolidated affiliate |
(0.9) |
(0.9) |
| Distributions from unconsolidated affiliate and other |
1.3 |
1.5 |
| Changes in operating assets and liabilities |
6.2 |
13.0 |
| Net Cash Provided By Operating Activities |
35.3 |
43.9 |
| INVESTING ACTIVITIES |
|
|
| Property, plant and equipment |
(8.7) |
(8.5) |
| Cash used in disposition of assets |
(0.1) |
0 |
| Net Cash Used In Investing Activities |
(8.8) |
(8.5) |
| FINANCING ACTIVITIES |
|
|
| Change in notes receivable from Questar |
4.2 |
(17.2) |
| Dividends paid to Questar |
(32.0) |
(16.0) |
| Net Cash Provided By (Used In) Financing Activities |
(27.8) |
(33.2) |
| Change in cash and cash equivalents |
(1.3) |
2.2 |
| Beginning cash and cash equivalents |
7.4 |
2.7 |
| Ending cash and cash equivalents |
$ 6.1 |
$ 4.9 |