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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income $ 196,763 $ 136,598 $ 115,932
Non-cash items included in net income:      
Depreciation and amortization 205,994 187,318 175,655
Deferred income tax expense 15,098 8,570 69,657
Power and natural gas cost amortizations (deferrals), net (45,917) 10,263 11,741
Amortization of debt expense 2,680 2,967 3,254
Amortization of investment in exchange power 1,633 2,450 2,450
Stock-based compensation expense 11,353 5,367 7,359
Equity-related AFUDC (6,585) (6,554) (6,669)
Pension and other postretirement benefit expense 36,417 32,017 37,074
Other regulatory assets and liabilities and deferred debits and credits 65 27,512 (9,144)
Change in decoupling regulatory deferral (10,327) (1,288) 24,179
Gain (Loss) on Disposition of Business (7,450) 0 0
Other (13,526) 1,114 1,860
Contributions to defined benefit pension plan (22,000) (22,000) (22,000)
Cash paid on settlement of interest rate swap agreements (13,325) (32,174) (11,302)
Cash received on settlement of interest rate swap agreements 0 5,594 2,479
Changes in certain current assets and liabilities:      
Accounts and notes receivable (4,366) 15,474 (9,270)
Materials and supplies, fuel stock and stored natural gas (6,148) (5,807) (4,767)
Collateral posted for derivative instruments 63,974 (4,128) (22,394)
Income taxes receivable (8,736) 2,021 53,414
Other current assets (3,657) (2,589) (2,106)
Accounts payable 7,471 (470) (8,162)
Other current liabilities (1,199) (370) 1,058
Net cash provided by operating activities 398,212 361,885 410,298
Investing Activities:      
Utility property capital expenditures (excluding equity-related AFUDC) (442,510) (424,350) (412,339)
Issuance of notes receivable at subsidiaries (7,303) (3,555) (3,700)
Equity and property investments made by subsidiaries (13,508) (13,283) (13,680)
Proceeds from sale of METALfx (net of cash sold) 16,407 0 0
Other 1,403 756 (4,384)
Net cash used in investing activities (445,511) (440,432) (434,103)
Financing Activities:      
Net increase (decrease) in short-term borrowings (4,200) 84,603 (15,000)
Proceeds from issuance of long-term debt 180,000 374,621 90,000
Maturity of long-term debt and capital leases (92,660) (277,438) (3,287)
Issuance of common stock, net of issuance costs 64,573 1,207 56,380
Cash dividends paid (102,772) (98,046) (92,460)
Other (2,402) (7,916) (4,163)
Net cash provided by financing activities 42,539 77,031 31,470
Net increase (decrease) in cash and cash equivalents (4,760) (1,516) 7,665
Cash and cash equivalents at beginning of year 14,656 16,172 8,507
Cash and cash equivalents at end of year 9,896 14,656 16,172
Cash paid (received) during the year:      
Interest 99,060 97,437 95,499
Income taxes paid 26,764 17,801 5,579
Income tax refunds (979) (3,025) (47,086)
Non-cash financing and investing activities:      
Accounts payable for capital expenditures $ 25,644 $ 31,868 $ 31,157