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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 21,146 $ 17,961
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 25,669 22,484
Amortization of deferred financing costs 2,030 2,007
Allowance for funds used during construction - other funds   (1,896)
Equity based compensation 285 520
Changes in assets and liabilities:    
Due from affiliates 5,227 6,572
Inventory 104 83
Prepaids and other current assets (296) (490)
Accounts payable and accrued liabilities 1,986 13,308
Net cash provided by operating activities 56,151 60,549
Cash flows from investing activities    
Additions to electric plant (91,601) (120,615)
Net cash used in investing activities (91,601) (120,615)
Cash flows from financing activities    
Proceeds from short-term borrowings 65,500 50,500
Repayments of short-term borrowings (203,000) (56,000)
Proceeds from borrowings of long-term debt 200,000 100,000
Repayments of long-term debt (3,869) (3,660)
Deferred financing costs (801) (649)
Dividends and distributions paid (30,330) (28,790)
Net cash provided by financing activities 27,500 61,401
Net (decrease) increase in cash and cash equivalents (7,950) 1,335
Cash and cash equivalents at beginning of period 17,612 9,471
Cash and cash equivalents at end of period $ 9,662 $ 10,806