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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 177,918 $ 145,828
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 237,951 221,247
Deferred income taxes 30,742 82,052
Share-based compensation expense 11,305 10,458
Provision for doubtful accounts 5,843 3,736
Changes in assets and liabilities:    
Accounts receivable 192,432 167,880
Materials and supplies (5,791) (16,743)
Natural gas in storage (36,861) 6,302
Payments for Removal Costs (35,987) (48,135)
Accounts payable (130,571) (116,385)
Accrued taxes other than income (1,920) 3,036
Customer deposits 419 10,350
Increase (Decrease) In Regulatory Assets And Liabilities Current, net 55,334 (106,051)
Increase (Decrease) In Regulatory Assets And Liabilities Noncurrent, net 23,620 13,374
Increase (Decrease) in Other Current Assets and Liabilities, Net 3,339 (67,145)
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net 8,045 (4,023)
Cash provided by operating activities 535,818 305,781
Investing activities    
Capital expenditures (539,433) (523,590)
Payments for Other Investing Activities (8,053) (3,760)
Proceeds from Sale of Other Assets, Investing Activities 3,629 5,122
Cash used in investing activities (543,857) (522,228)
Financing activities    
Borrowings (repayments) of short-term debt, net (150,200) 862,900
Proceeds from Issuance of Senior Long-Term Debt 250,000 253,651
Payments of Debt Issuance Costs (432) 0
Repayments of Other Long-Term Debt (10) (773,000)
Repayment of securitized utility tariff bonds (29,493) (27,939)
Proceeds from Issuance of Common Stock 3,561 3,368
Dividends paid (120,505) (112,064)
Payment, Tax Withholding, Share-based Payment Arrangement (2,634) (1,098)
Cash used in financing activities (49,713) 205,818
Change in cash and cash equivalents (57,752) (10,629)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 78,537 39,387
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 20,785 28,758
Interest Paid, Excluding Capitalized Interest 103,926 110,667
Income Tax Paid, State and Local, after Refund Received (768) (1,832)
Income Tax Paid, Federal, after Refund Received $ 7,763 $ 600