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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 172,234 $ 162,995 $ 140,095
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 160,086 151,889 143,829
Deferred income taxes 53,242 92,393 86,788
Share-based compensation expense 8,195 8,876 11,219
Provision for doubtful accounts 8,506 7,323 5,427
Changes in assets and liabilities:      
Accounts receivable (5,159) (15,147) (80,028)
Materials and supplies (4,661) (5,588) (759)
Income tax receivable 0 0 37,480
Natural gas in storage 22,859 (4,722) 16,721
Asset removal costs (52,855) (52,376) (53,430)
Accounts payable 36,885 1,945 27,596
Accrued interest 148 (78) (19)
Accrued taxes other than income 6,316 (1,247) 5,322
Accrued liabilities 236 7,127 (8,539)
Customer deposits 372 (398) 884
Regulatory assets and liabilities 109,437 29,250 (49,472)
Employee benefit obligation (50,100) (118,095) (25,666)
Other assets and liabilities 1,953 (10,347) 33,141
Cash provided by operating activities 467,694 253,800 290,589
Investing activities      
Capital expenditures (394,450) (356,361) (309,071)
Other 0 618 492
Cash used in investing activities (394,450) (355,743) (308,579)
Financing activities      
Borrowings (repayment) on notes payable, net (57,715) 212,215 132,500
Repurchase of common stock 0 (17,512) (24,066)
Proceeds from Issuance of Long-term Debt 395,648 0 0
Payments of Financing Costs 4,324 0 0
Issuance of common stock 4,803 4,457 4,017
Repayments of Long-term Debt (300,000) 0 0
Dividends paid (96,594) (87,951) (73,209)
Tax withholdings related to net share settlements of stock compensation (8,152) (9,516) (9,022)
Cash provided by (used in) financing activities (66,334) 101,693 30,220
Change in cash and cash equivalents 6,910 (250) 12,230
Cash and cash equivalents at beginning of period 14,413 14,663 2,433
Cash and cash equivalents at end of period 21,323 14,413 14,663
Supplemental cash flow information:      
Cash paid for interest, net of amounts capitalized 49,371 44,436 42,129
Cash received for income taxes, net $ 800 $ (1,389) $ (35,702)