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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income (loss) $ 41,562 $ (7,600)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 34,312 29,438
Amortization of deferred financing costs 3,010 2,436
Allowance for funds used during construction — other funds (2,903) (2,180)
Reorganization structuring fee   44,897
Realized gain on sale of marketable securities   (66)
Equity based compensation 750 493
Changes in assets and liabilities:    
Due from affiliates 5,198 6,175
Inventory (99) 322
Prepaids and other current assets (209) (303)
Accounts payable and accrued liabilities 11,327 4,624
Net cash provided by operating activities 92,948 78,236
Cash flows from investing activities    
Additions to electric plant (179,765) (164,890)
Proceeds from sale of assets   41,211
Sale of marketable securities   1,065
Cash paid to InfraREIT, L.L.C. investors in the merger, net of cash assumed   (172,400)
Net cash used in investing activities (179,765) (295,014)
Cash flows from financing activities    
Net proceeds from issuance of common stock upon initial public offering   493,722
Proceeds from short-term borrowings 94,500 53,000
Repayments of short-term borrowings (56,000) (253,000)
Proceeds from borrowings of long-term debt 100,000  
Repayments of long-term debt (5,528) (14,389)
Deferred financing costs (649) (481)
Dividends and distributions paid (43,948) (47,961)
Net cash provided by financing activities 88,375 230,891
Net increase in cash and cash equivalents 1,558 14,113
Cash and cash equivalents at beginning of period 9,471 15,612
Cash and cash equivalents at end of period $ 11,029 $ 29,725