XML 106 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 206,434 $ 196,412 $ 186,749
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 207,233 194,881 180,395
Deferred income taxes 43,449 18,485 13,307
Share-based compensation expense 10,498 9,803 9,314
Provision for doubtful accounts 9,131 15,450 8,994
Changes in assets and liabilities:      
Accounts receivable (57,902) (58,423) 30,415
Materials and supplies (2,126) 2,966 (11,399)
Natural gas in storage (85,700) 10,313 3,036
Asset removal costs (49,029) (40,833) (47,784)
Accounts payable 107,207 28,376 (59,293)
Accrued taxes other than income 3,235 15,844 316
Customer deposits (5,574) 10,041 (3,196)
Increase Decrease In Regulatory Assets And Liabilities Current (1,562,574) (38,773) 3,787
Increase Decrease In Regulatory Assets And Liabilities Non-current (367,210) 23,648 24,416
Employee benefit obligation 0 (3,109) (35,401)
Increase (Decrease) in Other Current Assets and Liabilities, Net 18,461 (12,877) 7,173
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (11,190) (7,704) (484)
Cash provided by operating activities (1,535,657) 364,500 310,345
Investing activities      
Capital expenditures (495,246) (471,345) (417,322)
Payments to Acquire Assets, Investing Activities (7,554) (2,804) (7,009)
Proceeds from Sale of Other Assets, Investing Activities 1,717 3,777 1,399
Cash used in investing activities (501,083) (470,372) (422,932)
Financing activities      
Borrowings (repayment) on notes payable, net 75,775 (98,275) 217,000
Proceeds from Issuance of Long-term Debt 2,498,895 298,428 0
Payments of Financing Costs (35,110) (2,885) 0
Issuance of common stock 26,662 19,383 5,116
Repayments of Long-term Debt (400,000) 0 0
Dividends paid (123,912) (114,372) (105,424)
Tax withholdings related to net share settlements of stock compensation (4,711) (6,267) (7,575)
Cash provided by (used in) financing activities 2,037,599 96,012 109,117
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 859 (9,860) (3,470)
Cash and cash equivalents at beginning of period 7,993 17,853 21,323
Cash and cash equivalents at end of period 8,852 7,993 17,853
Supplemental cash flow information:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 70,066 60,126 61,160
Cash received for income taxes, net $ (10,809) $ 30,361 $ 30,152