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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 64,743 $ 60,381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,684 31,630
Deferred income taxes 16,113 10,460
Share-based compensation expense 4,101 2,484
Provision for doubtful accounts 1,384 896
Changes in assets and liabilities:    
Accounts receivable 19,801 17,003
Materials and supplies 3,617 949
Income tax receivable 38,877 38,210
Natural gas in storage 61,600 104,023
Asset removal costs (14,171) (8,168)
Accounts payable (40,060) (53,777)
Accrued interest (11,219) (11,237)
Accrued taxes other than income 535 3,117
Accrued liabilities (16,470) (12,371)
Customer deposits 2,098 853
Regulatory assets and liabilities (593) 63,434
Other assets and liabilities 14,999 (6,797)
Cash provided by operating activities 180,039 241,090
Investing activities    
Capital expenditures (75,261) (54,914)
Other 392 0
Cash used in investing activities (74,869) (54,914)
Financing activities    
Repayments of notes payable, net (12,500) (42,000)
Repurchase of common stock (24,066) 0
Issuance of common stock 0 2,156
Dividends paid (18,380) (15,773)
Cash used in financing activities (54,946) (55,617)
Change in cash and cash equivalents 50,224 130,559
Cash and cash equivalents at beginning of period 2,433 11,943
Cash and cash equivalents at end of period $ 52,657 $ 142,502