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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 17,764 $ 11,017
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,577 12,687
Amortization of deferred financing costs 1,071 1,004
Allowance for funds used during construction - other funds (730)  
Equity based compensation 140 140
Changes in assets and liabilities:    
Due from affiliates 2,567 5,496
Inventory (132) 47
Prepaids and other current assets (573) (721)
Accounts payable and accrued liabilities 3,153 140
Net cash provided by operating activities 34,837 29,810
Cash flows from investing activities    
Additions to electric plant (15,011) (52,223)
Proceeds from asset exchange transaction 1,632  
Net cash used in investing activities (13,379) (52,223)
Cash flows from financing activities    
Proceeds from short-term borrowings 12,000 34,000
Repayments of short-term borrowings (17,500) (9,500)
Repayments of long-term debt (2,032) (1,921)
Dividends and distributions paid (15,169) (15,161)
Net cash (used in) provided by financing activities (22,701) 7,418
Net decrease in cash, cash equivalents and restricted cash (1,243) (14,995)
Cash, cash equivalents and restricted cash at beginning of period 4,550 19,294
Cash, cash equivalents and restricted cash at end of period $ 3,307 $ 4,299