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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 98,934 $ 95,575
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,137 52,266
Deferred income taxes (6,849) 18,567
Share-based compensation expense 2,695 2,587
Provision for doubtful accounts 1,338 3,754
Changes in assets and liabilities:    
Accounts receivable (154,278) 9,640
Materials and supplies 705 1,619
Natural gas in storage 100,701 49,625
Increase (Decrease) in Other Regulatory Assets 9,554 9,885
Accounts payable (56,863) 87,202
Accrued taxes other than income 8,118 2,059
Customer deposits (1,349) (10,787)
IncreaseDecreaseInRegulatoryAssetsAndLiabilitiesCurrent 36,374 20,466
IncreaseDecreaseInRegulatoryAssetsAndLiabilitiesNonCurrent 66,002 (1,946,526)
Increase (Decrease) in Other Current Assets and Liabilities, Net (12,438) (20,698)
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (23,037) (14,729)
Cash provided by operating activities 107,636 (1,659,265)
Investing activities    
Capital expenditures (113,307) (99,093)
Other (608) (2,351)
Proceeds from Sale of Other Assets, Investing Activities 549 241
Cash used in investing activities (113,366) (101,203)
Financing activities    
Repayments of notes payable, net 11,165 28,775
Proceeds from Issuance of Senior Long-term Debt 0 2,498,895
Payments of Debt Issuance Costs 0 (35,110)
Proceeds from Issuance of Common Stock 34,468 0
Dividends paid (33,285) (30,882)
Payment, Tax Withholding, Share-based Payment Arrangement (3,023) (4,292)
Cash used in financing activities 9,325 2,457,386
Change in cash and cash equivalents 3,595 696,918
Cash and cash equivalents at beginning of period 8,852 7,993
Cash and cash equivalents at end of period $ 12,447 $ 704,911