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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income $ 112,886 $ 118,216 $ 211,317 $ 200,023
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 164,870 147,881 320,226 273,308
Deferred income taxes 31,121 31,831 53,452 49,554
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (9,746) (2,612) (61,379) (5,770)
Accrued utility revenue 43,300 42,300 (900) (700)
Deferred purchased gas costs 53,595 (43,341) 38,445 5,128
Accounts payable (47,198) (48,155) (908) 8,088
Accrued taxes 9,019 (2,272) 16,534 3,123
Other current assets and liabilities 78,538 54,988 97,687 17,721
Gains on sale of equipment (309) (831) (4,951) (2,284)
Changes in undistributed stock compensation 4,332 4,702 6,526 7,513
Equity AFUDC (2,181) (1,967) (4,375) (5,008)
Changes in deferred charges and other assets (8,268) (15,870) (13,449) (16,486)
Changes in other liabilities and deferred credits (54,819) (6,454) (61,129) 26,040
Net cash provided by operating activities 375,140 278,416 597,096 560,250
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (423,435) (471,578) (890,005) (898,481)
Acquisition of businesses, net of cash acquired (250) (19,533) (28,355) (266,697)
Changes in customer advances 4,098 9,483 13,616 14,788
Other 5,045 1,159 19,039 2,936
Net cash used in investing activities (414,542) (480,469) (885,705) (1,147,454)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 55,498 102,743 110,701 388,006
Dividends paid (61,445) (56,738) (120,834) (107,993)
Issuance of long-term debt, net 620,303 421,594 730,305 531,368
Retirement of long-term debt (117,536) (53,604) (277,721) (190,586)
Change in credit facility and commercial paper (150,000) (104,000) (46,000) (2,000)
Change in short-term debt (153,000) (152,000) 58,000 (22,500)
Principal payments on finance lease obligations (102) (107) (207) (439)
Withholding remittance - share-based compensation (2,736) (1,856) (2,738) (2,112)
Other (1,358) (966) (1,668) (2,812)
Net cash provided by financing activities 189,624 155,066 449,838 590,932
Effects of currency translation on cash and cash equivalents (170) 72 (84) (12)
Change in cash and cash equivalents 150,052 (46,915) 161,145 3,716
Cash and cash equivalents at beginning of period 49,539 85,361 38,446 34,730
Cash and cash equivalents at end of period 199,591 38,446 199,591 38,446
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 51,430 49,996 103,692 96,476
Income taxes paid (received), net (19,410) 1,832 (18,490) (13,454)
Southwest Gas Corporation        
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income 95,541 106,758 151,954 152,629
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 117,923 106,955 226,588 201,146
Deferred income taxes 18,186 28,183 23,684 43,811
Changes in current assets and liabilities:        
Accounts receivable, net of allowances 57,047 46,626 (316) (9,787)
Accrued utility revenue 43,300 42,300 (900) (700)
Deferred purchased gas costs 53,595 (43,341) 38,445 5,128
Accounts payable (53,712) (74,787) (6,398) 716
Accrued taxes 17,746 (52) 26,693 (6,008)
Other current assets and liabilities 71,512 74,589 86,094 7,511
Changes in undistributed stock compensation 3,494 3,760 4,880 5,895
Equity AFUDC (2,181) (1,967) (4,375) (5,008)
Changes in deferred charges and other assets (13,689) (20,336) (25,120) (21,895)
Changes in other liabilities and deferred credits (55,173) (6,836) (61,698) 25,356
Net cash provided by operating activities 353,589 261,852 459,531 398,794
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (354,501) (365,251) (767,998) (762,121)
Changes in customer advances 4,098 9,483 13,616 14,788
Other 100 (49) 54 (813)
Net cash used in investing activities (350,303) (355,817) (754,328) (748,146)
CASH FLOW FROM FINANCING ACTIVITIES:        
Contributions from parent 99,500 102,092 157,344 159,045
Dividends paid (51,100) (46,300) (100,700) (90,300)
Issuance of long-term debt, net 446,508 297,222 446,508 297,222
Change in credit facility and commercial paper (150,000) (104,000) (46,000) (2,000)
Change in short-term debt (194,000) (152,000) 0 0
Withholding remittance - share-based compensation (2,736) (1,856) (2,738) (2,111)
Other (1,163) (712) (1,276) (961)
Net cash provided by financing activities 147,009 94,446 453,138 360,895
Change in cash and cash equivalents 150,295 481 158,341 11,543
Cash and cash equivalents at beginning of period 40,489 31,962 32,443 20,900
Cash and cash equivalents at end of period 190,784 32,443 190,784 32,443
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 46,576 42,853 92,381 83,206
Income taxes paid (received), net $ (22,962) $ (22) $ (22,262) $ (16,764)