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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 79,828 $ 73,183
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,592 93,995
Deferred income taxes 19,384 2,828
Share-based compensation expense 3,863 5,651
Provision for doubtful accounts 2,951 5,019
Changes in assets and liabilities:    
Accounts receivable 220,392 216,219
Materials and supplies (5,889) 6,238
Income tax receivable 20,075 (4,862)
Natural gas in storage 25,388 (51,192)
Asset removal costs (33,744) (34,963)
Accounts payable (104,948) (70,063)
Accrued interest (11,225) 7,521
Accrued taxes other than income (4,313) 11,060
Accrued liabilities (8,019) 15,977
Customer deposits (1,672) (43)
Regulatory assets and liabilities 64,368 23,308
Other assets and liabilities (15,493) (49,868)
Cash provided by operating activities 349,538 250,008
Investing activities    
Capital expenditures (199,678) (224,619)
Cash used in investing activities (199,678) (224,619)
Financing activities    
Repayments on notes payable, net (42,000) 0
Repurchase of common stock (24,122) 0
Issuance of debt, net of discounts 0 1,199,994
Long-term debt financing costs 0 (11,078)
Cash Payment to ONEOK Upon Separation 0 (1,130,000)
Issuance of common stock 4,471 1,330
Dividends paid (47,178) (29,121)
Cash provided by (used in) financing activities (108,829) 31,125
Change in cash and cash equivalents 41,031 56,514
Cash and cash equivalents at beginning of period 11,943 3,171
Cash and cash equivalents at end of period $ 52,974 $ 59,685