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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income (loss) $ 124,741 $ 112,176 $ 194,217 $ 208,572
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 223,251 185,941 286,522 247,803
Deferred income taxes 46,099 36,210 60,930 50,190
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (19,615) (1,659) (33,818) (27,276)
Accrued utility revenue 41,400 43,600 (1,200) (500)
Deferred purchased gas costs (36,608) 100,763 (54,797) 84,282
Accounts payable (46,079) (48,618) 14,317 (1,886)
Accrued taxes (2,841) (9,840) (4,956) (12,417)
Other current assets and liabilities 74,048 1,245 18,730 (50,002)
Gains on sale (3,157) (997) (3,863) (3,741)
Changes in undistributed stock compensation 6,067 4,686 7,492 6,375
Equity AFUDC (3,179) (1,034) (5,772) (1,253)
Changes in other assets and deferred charges (15,855) (10,497) (11,096) (18,296)
Changes in other liabilities and deferred credits (9,786) (4,583) 33,243 (3,747)
Net cash provided by operating activities 378,486 407,393 499,949 478,104
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (719,386) (560,165) (925,135) (733,816)
Acquisition of businesses, net of cash acquired (19,533) (4,209) (266,697) (98,413)
Changes in customer advances 15,049 11,051 17,461 13,325
Miscellaneous inflows 12,862 3,827 13,376 11,312
Net cash used in investing activities (711,008) (549,496) (1,160,995) (807,592)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 129,341 92,234 391,509 121,826
Dividends paid (86,345) (74,535) (112,050) (98,162)
Issuance of long-term debt, net 482,614 480,993 566,793 783,748
Retirement of long-term debt (127,175) (143,757) (221,176) (382,486)
Change in short-term debt (122,000) (183,000) (1,500) (79,000)
Principal payments on finance lease obligations (161) (422) (387) (606)
Withholding remittance - share-based compensation (1,858) (2,880) (2,088) (2,880)
Other 1,167 (1,121) (456) (3,091)
Net cash provided by financing activities 275,583 167,512 620,645 339,349
Effects of currency translation on cash and cash equivalents 58 139 (289) 157
Change in cash and cash equivalents (56,881) 25,548 (40,690) 10,018
Cash and cash equivalents at beginning of period 85,361 43,622 69,170 59,152
Cash and cash equivalents at end of period 28,480 69,170 28,480 69,170
Supplemental information:        
Interest paid, net of amounts capitalized 62,165 49,568 99,159 75,740
Income taxes paid (received) 371 18,261 (16,669) 20,247
Southwest Gas Corporation        
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income (loss) 86,746 79,301 146,287 153,683
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 159,327 145,549 205,594 193,828
Deferred income taxes 35,899 33,239 45,659 55,787
Changes in current assets and liabilities:        
Accounts receivable, net of allowances 66,527 49,654 (3,436) (2,066)
Accrued utility revenue 41,400 43,600 (1,200) (500)
Deferred purchased gas costs (36,608) 100,763 (54,797) 84,282
Accounts payable (77,311) (53,217) (686) (2,700)
Accrued taxes (4,419) (16,026) (7,125) (9,735)
Other current assets and liabilities 87,869 (35,154) 31,579 (81,333)
Changes in undistributed stock compensation 4,710 4,269 5,796 5,558
Equity AFUDC (3,179) (1,034) (5,772) (1,253)
Changes in other assets and deferred charges (21,098) (11,025) (17,122) (19,082)
Changes in other liabilities and deferred credits (10,357) 7,550 19,762 8,208
Net cash provided by operating activities 329,506 347,469 364,539 384,677
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (587,405) (486,037) (784,237) (651,022)
Changes in customer advances 15,049 11,051 17,461 13,325
Miscellaneous inflows (51) 1,316 (1,353) 1,650
Net cash used in investing activities (572,407) (473,670) (768,129) (636,047)
CASH FLOW FROM FINANCING ACTIVITIES:        
Contributions from parent 126,186 90,644 149,091 120,344
Dividends paid (71,000) (65,000) (93,000) (86,000)
Issuance of long-term debt, net 297,222 297,495 297,222 297,495
Change in short-term debt (122,000) (182,000) 21,000 (74,000)
Withholding remittance - share-based compensation (1,857) (2,880) (2,087) (2,880)
Other (801) (939) (890) (991)
Net cash provided by financing activities 227,750 137,320 371,336 253,968
Change in cash and cash equivalents (15,151) 11,119 (32,254) 2,598
Cash and cash equivalents at beginning of period 31,962 37,946 49,065 46,467
Cash and cash equivalents at end of period 16,811 49,065 16,811 49,065
Supplemental information:        
Interest paid, net of amounts capitalized 51,720 42,986 82,539 67,025
Income taxes paid (received) $ (22) $ 11,286 $ (17,164) $ 3,428