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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 121,918 $ 125,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 113,065 102,623
Deferred financing cost amortization 4,246 4,219
Impairment of investment 6,859 0
Stock compensation 1,113 7,093
Deferred income taxes 26,401 21,935
Employee benefit plans 5,656 5,683
Other adjustments, net 3,679 8,991
Changes in certain operating assets and liabilities:    
Materials, supplies and fuel 7,503 14,911
Accounts receivable and other current assets 73,302 99,925
Accounts payable and other current liabilities (63,085) (107,563)
Regulatory assets - current 21,887 16,116
Regulatory liabilities - current 314 (6,348)
Payment for Pension Benefits (12,700) 0
Other operating activities, net (1,152) (2,861)
Net cash provided by operating activities 309,006 289,779
Investing activities:    
Property, plant and equipment additions (348,313) (317,686)
Other investing activities (1,412) 389
Net cash (used in) investing activities (349,725) (317,297)
Financing activities:    
Dividends paid on common stock (66,440) (60,952)
Common stock issued 99,435 71,759
Net (payments) borrowings of short-term debt (349,500) (83,120)
Long-term debt - issuances 400,000 400,000
Long-term debt - repayments (5,727) (302,871)
Distributions to noncontrolling interest (8,520) (9,251)
Other financing activities (6,474) (1,948)
Net cash provided by financing activities 62,774 13,617
Net change in cash, restricted cash and cash equivalents 22,055 (13,901)
Cash, restricted cash and cash equivalents at beginning of period 13,658 24,145
Cash, restricted cash and cash equivalents at end of period 35,713 10,244
Supplemental Cash Flow Information [Abstract]    
Interest (net of amounts capitalized) (67,449) (67,624)
Income taxes 1,896 1,790
Accrued property, plant and equipment purchases at June 30 $ 59,916 $ 83,486