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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Proceeds from Issuance of Common Stock $ 2,536 $ 2,390
Operating activities    
Net income 118,130 111,254
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,789 78,647
Deferred income taxes 9,401 30,546
Share-based compensation expense 4,911 4,080
Provision for doubtful accounts 3,557 4,071
Changes in assets and liabilities:    
Accounts receivable 122,063 130,730
Materials and supplies (6,011) 3,548
Natural gas in storage 19,060 49,672
Asset removal costs (24,324) (25,774)
Accounts payable (109,340) (68,428)
Accrued taxes other than income (10,328) (6,393)
Customer deposits (2,352) 438
Regulatory assets and liabilities 25,948 105,967
Other assets and liabilities 1,667 (18,401)
Cash provided by operating activities 241,171 399,957
Investing activities    
Capital expenditures (184,349) (175,834)
Other (3,583) 0
Proceeds from Sale of Other Assets, Investing Activities 598 0
Cash used in investing activities (187,334) (175,834)
Financing activities    
Repayments of notes payable, net (6,500) (172,215)
Dividends paid (52,687) (48,272)
Tax withholdings related to net share settlements of stock compensation (7,395) (7,859)
Cash used in financing activities (64,046) (225,956)
Change in cash and cash equivalents (10,209) (1,833)
Cash and cash equivalents at beginning of period 21,323 14,413
Cash and cash equivalents at end of period $ 11,114 $ 12,580