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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 97,781 $ 79,828
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106,490 98,592
Deferred income taxes 59,771 19,384
Share-based compensation expense 9,341 3,863
Provision for doubtful accounts 3,521 2,951
Changes in assets and liabilities:    
Accounts receivable 107,762 220,392
Materials and supplies 3,227 (5,889)
Income tax receivable 31,925 20,075
Natural gas in storage (2,077) 25,388
Asset removal costs (40,715) (33,744)
Accounts payable (32,923) (104,948)
Accrued interest (11,182) (11,225)
Accrued taxes other than income 2,670 (4,313)
Accrued liabilities (13,658) (8,019)
Customer deposits 100 (1,672)
Regulatory assets and liabilities (18,726) 64,368
Other assets and liabilities (21,877) (15,493)
Cash provided by operating activities 281,430 349,538
Investing activities    
Capital expenditures (231,336) (199,678)
Other 492 0
Cash used in investing activities (230,844) (199,678)
Financing activities    
Borrowings (repayments) on notes payable, net 28,500 (42,000)
Repurchase of common stock (24,066) (24,122)
Issuance of common stock 1,983 4,471
Dividends paid (54,923) (47,178)
Cash provided by (used in) financing activities (48,506) (108,829)
Change in cash and cash equivalents 2,080 41,031
Cash and cash equivalents at beginning of period 2,433 11,943
Cash and cash equivalents at end of period $ 4,513 $ 52,974