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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 186,749 $ 172,234 $ 162,995
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 180,395 160,086 151,889
Deferred income taxes 13,307 53,242 92,393
Share-based compensation expense 9,314 8,195 8,876
Provision for doubtful accounts 8,994 8,506 7,323
Changes in assets and liabilities:      
Accounts receivable 26,415 (5,159) (15,147)
Materials and supplies (11,399) (4,661) (5,588)
Natural gas in storage 3,036 22,859 (4,722)
Asset removal costs (47,784) (52,855) (52,376)
Accounts payable (59,293) 36,885 1,945
Accrued taxes other than income 316 6,316 (1,247)
Customer deposits (3,196) 372 (398)
Regulatory assets and liabilities 28,203 109,437 29,250
Employee benefit obligation (35,401) (50,100) (118,095)
Other assets and liabilities 10,689 2,337 (3,298)
Cash provided by operating activities 310,345 467,694 253,800
Investing activities      
Capital expenditures (417,322) (394,450) (356,361)
Payments to Acquire Assets, Investing Activities (7,009) 0 0
Payments for (Proceeds from) Other Investing Activities 0 0 618
Proceeds from Sale of Other Assets, Investing Activities 1,399 0 0
Cash used in investing activities (422,932) (394,450) (355,743)
Financing activities      
Borrowings (repayment) on notes payable, net 217,000 (57,715) 212,215
Repurchase of common stock 0 0 (17,512)
Proceeds from Issuance of Long-term Debt 0 395,648 0
Payments of Financing Costs 0 4,324 0
Issuance of common stock 5,116 4,803 4,457
Repayments of Long-term Debt 0 (300,000) 0
Dividends paid (105,424) (96,594) (87,951)
Tax withholdings related to net share settlements of stock compensation (7,575) (8,152) (9,516)
Cash provided by (used in) financing activities 109,117 (66,334) 101,693
Change in cash and cash equivalents (3,470) 6,910 (250)
Cash and cash equivalents at beginning of period 21,323 14,413 14,663
Cash and cash equivalents at end of period 17,853 21,323 14,413
Supplemental cash flow information:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 61,160 49,371 44,436
Cash received for income taxes, net $ 30,152 $ 800 $ (1,389)