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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 11,017 $ 8,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,687 11,074
Amortization of deferred financing costs 1,004 1,003
Allowance for funds used during construction - other funds   (759)
Equity based compensation 140 292
Changes in assets and liabilities:    
Due from affiliates 5,496 5,638
Inventory 47 (143)
Prepaids and other current assets (721) (829)
Accounts payable and accrued liabilities 140 7,487
Net cash provided by operating activities 29,810 32,540
Cash flows from investing activities    
Additions to electric plant (52,223) (58,495)
Net cash used in investing activities (52,223) (58,495)
Cash flows from financing activities    
Proceeds from short-term borrowings 34,000  
Repayments of short-term borrowings (9,500) (54,000)
Proceeds from borrowings of long-term debt   100,000
Repayments of long-term debt (1,921) (1,817)
Deferred financing costs   (649)
Dividends and distributions paid (15,161) (13,634)
Net cash provided by financing activities 7,418 29,900
Net (decrease) increase in cash and cash equivalents (14,995) 3,945
Cash and cash equivalents at beginning of period 17,612 9,471
Cash and cash equivalents at end of period $ 2,617 $ 13,416