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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net Income $ 186,515 $ 188,323 $ 176,668
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation Expense 169,042 158,310 152,874
Amortization Expense 27,706 26,052 22,255
Amortization of Debt Issuance Costs 2,326 2,339 2,349
Use of Renewable Energy Credits for Compliance 37,141 32,350 25,453
Deferred Income Taxes 41,614 56,066 100,762
Pension and Other Postretirement Benefits Expense 17,762 15,303 16,039
Pension and Other Postretirement Benefits Funding (16,749) (26,673) (14,430)
Allowance for Equity Funds Used During Construction (15,222) (8,117) (5,322)
FERC Transmission Refund Payable 0 0 (4,878)
Regulatory Deferral, ACC Refund Order 7,705 (1,562) 0
Changes in Current Assets and Current Liabilities:      
Accounts Receivable 9,238 (26,729) (13,219)
Materials, Supplies, and Fuel Inventory (16,236) (2,357) 175
Regulatory Assets (20,934) (4,080) (3,942)
Other Current Assets (475) (1,746) (751)
Accounts Payable and Accrued Charges (27,776) 33,536 9,790
Income Taxes Receivable 6,072 (13,004) 0
Regulatory Liabilities (1,626) 14,028 (20,227)
Other, Net 8,140 15,187 4,728
Net Cash Flows—Operating Activities 414,243 457,226 448,324
Cash Flows from Investing Activities      
Capital Expenditures (607,593) (392,522) (345,617)
Purchase Intangibles, Renewable Energy Credits (51,699) (51,327) (51,179)
Contributions in Aid of Construction 6,607 10,817 4,983
Note Receivable (1,000) 0 0
Net Cash Flows—Investing Activities (653,685) (433,032) (391,813)
Cash Flows from Financing Activities      
Proceeds from Borrowings, Revolving Credit Facility 0 171,000 70,000
Repayments of Borrowings, Revolving Credit Facility 0 (206,000) (35,000)
Proceeds from Borrowings, Term Loan 165,000 0 0
Proceeds from Issuance, Long-Term Debt—Net of Discount 0 298,869 0
Repayments of Long-Term Debt (14,700) (136,700) 0
Dividends Paid to Parent (75,000) (85,000) (70,000)
Payments of Finance Lease Obligations (10,890)    
Payments of Finance Lease Obligations   (10,930) (15,571)
Payment of Debt Issuance Costs (757) (3,265) (245)
Contribution from Parent 50,000 50,000 0
Other, Net 1,514 1,078 481
Net Cash Flows—Financing Activities 115,167 79,052 (50,335)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (124,275) 103,246 6,176
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 152,747 49,501 43,325
Cash, Cash Equivalents, and Restricted Cash, End of Period $ 28,472 $ 152,747 $ 49,501