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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 117,380 $ 121,024
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 61,643 60,463
Deferred financing cost amortization 2,410 2,475
Stock compensation 1,784 3,638
Deferred income taxes 14,858 14,462
Employee benefit plans 3,021 1,173
Other adjustments, net (2,816) 5,337
Change in certain operating assets and liabilities:    
Materials, supplies and fuel 76,122 34,995
Accounts receivable and other current assets 28,729 (71,241)
Accounts payable and other current liabilities (127,233) (8,422)
Regulatory assets 154,666 98,528
Other operating activities, net (1,819) 1,689
Net cash provided by operating activities 328,745 264,121
Investing activities:    
Property, plant and equipment additions (119,105) (136,779)
Other investing activities 17,600 (1,065)
Net cash (used in) investing activities (101,505) (137,844)
Financing activities:    
Dividends paid on common stock (41,362) (38,533)
Common stock issued 27,383 3,791
Net borrowings (payments) of Revolving Credit Facility and CP Program (535,600) (78,700)
Long-term debt - issuance 350,000 0
Distributions to non-controlling interests (4,494) (4,420)
Other financing activities (5,022) (878)
Net cash (used in) financing activities (209,095) (118,740)
Net change in cash, restricted cash and cash equivalents 18,145 7,537
Cash, restricted cash and cash equivalents beginning of period 26,985 13,810
Cash, restricted cash and cash equivalents end of period 45,130 21,347
Supplemental cash flow information:    
Interest (net of amounts capitalized) (27,569) (23,605)
Income taxes 49 0
Accrued property, plant and equipment purchases at March 31, $ 42,102 $ 39,559