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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net income $ 140,095 $ 119,030 $ 109,790
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 143,829 133,023 125,722
Deferred income taxes 86,788 63,789 49,935
Share-based compensation expense 11,219 9,187 7,613
Provision for doubtful accounts 5,427 4,520 7,195
Changes in assets and liabilities:      
Accounts receivable (80,028) 105,886 23,044
Materials and supplies (759) (5,814) 10,868
Income Tax Receivable 37,480 4,923 (43,800)
Natural gas in storage 16,721 43,147 (19,172)
Asset removal costs (53,430) (51,608) (47,125)
Accounts payable 27,596 (59,635) (6,881)
Accrued interest (19) 1 18,743
Accrued taxes other than income 5,322 (7,493) 12,316
Accrued Liabilities (8,539) 5,451 21,228
Customer deposits 884 322 2,643
Regulatory assets and liabilities (49,472) 50,658 30,067
Employee benefit obligation (25,666) (15,033) (10,102)
Other assets and liabilities 24,119 (6,147) (45,421)
Cash provided by operating activities 281,567 394,207 246,663
Investing activities      
Capital expenditures (309,071) (294,320) (297,103)
Other 492 0 0
Cash used in investing activities (308,579) (294,320) (297,103)
Financing activities      
Borrowings (repayment) on notes payable, net 132,500 (29,500) 42,000
Repurchase of common stock (24,066) (24,122) 0
Issuance of debt, net of discounts 0 0 1,199,994
Long-term debt financing costs 0 0 (11,087)
Cash payment to ONEOK upon separation 0 0 (1,130,000)
Issuance of common stock 4,017 7,051 2,001
Dividends paid (73,209) (62,826) (43,696)
Cash provided by financing activities 39,242 (109,397) 59,212
Change in cash and cash equivalents 12,230 (9,510) 8,772
Cash and cash equivalents at beginning of period 2,433 11,943 3,171
Cash and cash equivalents at end of period 14,663 2,433 11,943
Supplemental cash flow information:      
Cash paid for interest, net of amounts capitalized 42,129 42,980 21,066
Cash (received) paid for income taxes, net $ (35,702) $ (5,423) $ 44,603