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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 10,710 $ 11,420
Adjustments to reconcile net income to net cash:    
Depreciation and amortization 32,701 31,652
Change in value of life insurance contracts (336) 50
Changes in operating assets and liabilities:    
Receivables and unbilled revenue (561) (7,511)
Accounts payable 4,745 1,458
Other current assets (4,760) (1,014)
Other current liabilities 355 3,664
Other changes in noncurrent assets and liabilities 16,209 8,630
Net cash provided by operating activities 59,063 48,349
Investing activities:    
Utility plant expenditures (116,155) (75,827)
Life insurance proceeds 495 0
Purchase of life insurance contracts (1,065) (214)
Change in restricted cash (653) 46
Net cash used in investing activities (117,378) (75,995)
Financing activities:    
Short-term borrowings 103,100 52,500
Repayment of short-term borrowings (61,615) (5,000)
Proceeds from long-term debt, net of issuance costs of $177 for 2016, $0 for 2015 49,823 50
Repayment of long-term debt (2,463) (2,554)
Advances and contributions in aid of construction 11,463 6,921
Refunds of advances for construction (3,472) (3,316)
Dividends paid (16,532) (16,027)
Net cash provided by financing activities 80,304 32,574
Change in cash and cash equivalents 21,989 4,928
Cash and cash equivalents at beginning of period 8,837 19,587
Cash and cash equivalents at end of period 30,826 24,515
Supplemental information:    
Cash paid for interest (net of amounts capitalized) 13,572 12,664
Supplemental disclosure of non-cash activities:    
Accrued payables for investments in utility plant 25,397 21,890
Utility plant contribution by developers $ 7,198 $ 3,246