XML 35 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 41,588 $ 43,822
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,067 42,722
Change in value of life insurance contracts (1,147) (2,244)
Other changes in noncurrent assets and liabilities 13,501 28,411
Changes in operating assets and liabilities:    
Receivables (24,636) (34,462)
Accounts payable 7,719 13,066
Other current assets (751) (2,491)
Other current liabilities 20,558 10,581
Net cash provided by operating activities 101,899 99,405
Investing activities:    
Utility plant expenditures (94,782) (99,600)
Purchase of life insurance (3,204) (3,199)
Restricted cash decrease 1,148 1,553
Net cash (used in) investing activities (96,838) (101,246)
Financing activities:    
Short-term borrowings 35,315 65,565
Repayment of short-term borrowing (113,275) (52,030)
Proceeds from long-term debt 48 123
Repayment of long-term debt (3,058) (2,123)
Advances and contributions in aid of construction 7,577 5,491
Refunds of advances for construction (5,230) (5,632)
Issuance of common stock 110,688  
Common stock issuance cost (5,088)  
Dividends paid (21,981) (19,785)
Net cash provided by (used in) financing activities 4,996 (8,391)
Change in cash and cash equivalents 10,057 (10,232)
Cash and cash equivalents at beginning of period 38,790 27,203
Cash and cash equivalents at end of period 48,847 16,971
Supplemental information    
Cash paid for interest (net of amounts capitalized) 15,141 13,721
Refund for income taxes   (3,498)
Supplemental disclosure of non-cash activities:    
Accrued payables for investments in utility plant 11,739 9,654
Utility plant contribution by developers $ 10,196 $ 11,868