XML 57 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 231,232 $ 221,742 $ 206,434
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 279,830 228,479 207,233
Deferred income taxes 24,773 (22,034) 43,449
Share-based compensation expense 12,184 10,741 10,498
Provision for doubtful accounts 9,698 6,003 9,131
Proceeds from Securitization Bonds, Operating Activities 197,366 1,330,582 0
Changes in assets and liabilities:      
Accounts receivable 196,272 (213,656) (57,902)
Materials and supplies (6,776) (15,981) (2,126)
Natural gas in storage 82,108 (89,559) (85,700)
Payments for Removal Costs (62,023) (47,032) (49,029)
Accounts payable (90,046) 85,915 107,207
Accrued taxes other than income (9,559) 11,317 3,235
Customer deposits 4,333 (4,600) (5,574)
Increase (Decrease) In Regulatory Assets And Liabilities Current, net 7,249 52,417 (1,562,574)
Increase (Decrease) In Regulatory Assets And Liabilities Noncurrent, net 38,869 53,992 (367,210)
Increase (Decrease) in Other Current Assets and Liabilities, Net 26,070 (23,377) 18,461
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (2,048) (14,107) (11,190)
Cash provided by operating activities 939,532 1,570,842 (1,535,657)
Investing activities      
Capital expenditures (666,634) (609,486) (495,246)
Payments for Other Investing Activities (8,508) (8,632) (7,554)
Proceeds from Sale of Other Assets, Investing Activities 5,499 4,008 1,717
Cash used in investing activities (669,643) (614,110) (501,083)
Financing activities      
Borrowings (repayments) of short-term debt, net (463,500) 58,000 75,775
Proceeds from Issuance of Senior Long-term Debt 299,583 297,591 2,498,895
Issuance of securitized utility tariff bonds, net of discounts 0 335,931 0
Payments of Debt Issuance Costs (2,508) (8,567) (35,110)
Proceeds from Issuance of Common Stock 85,259 133,711 26,662
Repayments of Other Long-Term Debt 0 (1,627,000) (400,000)
Repayment of securitized utility tariff bonds 20,716 0
Dividends paid (144,094) (133,954) (123,912)
Payment, Tax Withholding, Share-based Payment Arrangement (2,653) (3,169) (4,711)
Cash used in financing activities (248,629) (947,457) 2,037,599
Change in cash and cash equivalents 21,260 9,275 859
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 18,127 8,852 7,993
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 39,387 18,127 8,852
Interest Paid, Excluding Capitalized Interest, Operating Activities 80,726 84,871 70,066
Income Taxes Paid, Net $ 20,844 $ 67,421 $ (10,809)