XML 60 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 222,850 $ 231,232 $ 221,742
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 296,699 279,830 228,479
Deferred income taxes 106,522 24,773 (22,034)
Share-based compensation expense 13,733 12,184 10,741
Provision for doubtful accounts 6,705 9,698 6,003
Proceeds from Securitization Bonds, Operating Activities 0 197,366 1,330,582
Changes in assets and liabilities:      
Accounts receivable (67,289) 196,272 (213,656)
Materials and supplies (14,013) (6,776) (15,981)
Proceeds from Income Tax Refunds (49,677) (3,947) 0
Natural gas in storage 25,913 82,108 (89,559)
Payments for Removal Costs (58,952) (62,023) (47,032)
Accounts payable (15,014) (90,046) 85,915
Accrued taxes other than income 6,815 (9,559) 11,317
Customer deposits (5,944) 4,333 (4,600)
Increase (Decrease) In Regulatory Assets And Liabilities Current, net (90,829) 7,249 52,417
Increase (Decrease) In Regulatory Assets And Liabilities Noncurrent, net 19,354 38,869 53,992
Increase (Decrease) in Other Current Assets and Liabilities, Net (17,091) 30,017 (23,377)
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (11,371) (2,048) (14,107)
Cash provided by operating activities 368,411 939,532 1,570,842
Investing activities      
Capital expenditures (703,165) (666,634) (609,486)
Payments for Other Investing Activities (10,402) (8,508) (8,632)
Proceeds from Sale of Other Assets, Investing Activities 6,072 5,499 4,008
Cash used in investing activities (707,495) (669,643) (614,110)
Financing activities      
Borrowings (repayments) of short-term debt, net 826,100 (463,500) 58,000
Proceeds from Issuance of Senior Long-Term Debt 253,467 299,583 297,591
Issuance of securitized utility tariff bonds, net of discounts 0 0 335,931
Payments of Debt Issuance Costs (2,193) (2,508) (8,567)
Repayments of Other Long-Term Debt (773,013) 0 1,627,000
Repayment of securitized utility tariff bonds (27,939) (20,716) 0
Proceeds from Issuance of Common Stock 252,379 85,259 133,711
Dividends paid (149,456) (144,094) (133,954)
Payment, Tax Withholding, Share-based Payment Arrangement (1,111) (2,653) (3,169)
Cash used in financing activities 378,234 (248,629) (947,457)
Change in cash and cash equivalents 39,150 21,260 9,275
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 39,387 18,127 8,852
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 78,537 39,387 18,127
Interest Paid, Excluding Capitalized Interest 148,987 80,726 84,871
Income Tax Paid, State and Local, after Refund Received 366 769 621
Income Tax Paid, Oklahoma, after Refund Received (4,546) 1,571 5,300
Income Tax Paid, Federal, after Refund Received $ (16,280) $ 18,504 $ 61,500