XML 55 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income (loss) $ (35,873,000)us-gaap_ProfitLoss $ 4,992,000us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 9,508,000us-gaap_Depreciation 8,461,000us-gaap_Depreciation
Amortization of deferred financing cost 912,000us-gaap_AmortizationOfFinancingCostsAndDiscounts 829,000us-gaap_AmortizationOfFinancingCostsAndDiscounts
Allowance for funds used during construction - equity (548,000)us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction (473,000)us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
Change in fair value of contingent consideration 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 612,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Reorganization structuring fee 44,897,000us-gaap_NondebtorReorganizationItemsLegalAndAdvisoryProfessionalFees  
Realized gain on sale of marketable securities (66,000)us-gaap_MarketableSecuritiesRealizedGainLoss  
Equity based compensation 123,000us-gaap_ShareBasedCompensation  
Changes in assets and liabilities:    
Due from affiliates 6,783,000us-gaap_IncreaseDecreaseDueFromAffiliates 7,563,000us-gaap_IncreaseDecreaseDueFromAffiliates
Inventory (115,000)us-gaap_IncreaseDecreaseInInventories 180,000us-gaap_IncreaseDecreaseInInventories
Prepaids and other current assets (1,026,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (604,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 584,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,172,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 25,179,000us-gaap_NetCashProvidedByUsedInOperatingActivities 20,388,000us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Additions to electric plant (67,210,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (65,493,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of assets 41,211,000us-gaap_PaymentsForProceedsFromProductiveAssets  
Sale of marketable securities 1,065,000us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities  
Cash paid to InfraREIT, L.L.C. investors in the merger, net of cash assumed (172,400,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Net cash used in investing activities (197,334,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (65,493,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Net proceeds from issuance of common stock upon initial public offering 493,722,000us-gaap_ProceedsFromIssuanceInitialPublicOffering  
Members' contributions   1,171,000us-gaap_ProceedsFromPartnershipContribution
Noncontrolling interest contributions   349,000us-gaap_ProceedsFromMinorityShareholders
Proceeds from short-term borrowings 33,000,000us-gaap_ProceedsFromShortTermDebt 56,000,000us-gaap_ProceedsFromShortTermDebt
Repayments of short-term borrowings (253,000,000)us-gaap_RepaymentsOfShortTermDebt  
Proceeds from borrowings of long-term debt   11,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (4,772,000)us-gaap_RepaymentsOfLongTermDebt (1,004,000)us-gaap_RepaymentsOfLongTermDebt
Deferred financing costs (49,000)us-gaap_PaymentsOfFinancingCosts (677,000)us-gaap_PaymentsOfFinancingCosts
Dividends paid (19,794,000)us-gaap_PaymentsOfOrdinaryDividends  
Distributions paid to noncontrolling interest (6,048,000)us-gaap_PaymentsOfDividendsMinorityInterest  
Net cash provided by financing activities 243,059,000us-gaap_NetCashProvidedByUsedInFinancingActivities 66,839,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 70,904,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 21,734,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 15,612,000us-gaap_CashAndCashEquivalentsAtCarryingValue 7,746,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 86,516,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 29,480,000us-gaap_CashAndCashEquivalentsAtCarryingValue