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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income $ 79,851 $ 136,025 $ 151,028 $ 241,061
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 347,589 267,670 450,960 354,688
Deferred income taxes 22,955 45,374 38,793 58,339
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (78,719) (62,081) (68,192) (68,714)
Accrued utility revenue 43,600 42,700 (1,600) (3,200)
Deferred purchased gas costs (92,200) (293,410) (142,518) (317,070)
Accounts payable (29,353) (51,086) 72,159 251
Accrued taxes 18,352 5,954 5,673 3,134
Other current assets and liabilities (1,039) 23,289 (113,537) 9,531
Gains on sale of property and equipment (5,215) (5,365) (6,756) (6,632)
Changes in undistributed stock compensation 7,855 7,676 9,473 9,001
Equity AFUDC (912) 0 (912) (1,311)
Changes in deferred charges and other assets 16,417 (7,956) 10,832 (21,373)
Changes in other liabilities and deferred credits (25,826) (57,269) (42,186) (67,922)
Net cash provided by operating activities 303,355 51,521 363,217 189,783
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (612,516) (506,737) (821,405) (699,368)
Acquisition of businesses, net of cash acquired (18,809) (830,395) (1,542,674) (830,145)
Changes in customer advances 23,222 7,940 31,256 14,282
Other 4,005 14,755 7,506 17,238
Net cash used in investing activities (604,098) (1,314,437) (2,325,317) (1,497,993)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 459,051 210,812 461,880 259,422
Centuri distribution to redeemable noncontrolling interest (39,649) 0 (39,649) 0
Dividends paid (118,980) (102,292) (154,910) (134,479)
Issuance of long-term debt, net 770,240 1,654,960 775,976 1,666,718
Retirement of long-term debt (422,356) (406,815) (468,205) (473,926)
Change in credit facility and commercial paper 8,000 (150,000) 138,000 (58,000)
Change in short-term debt (380,253) 165,000 (593,253) 218,000
Issuance of short-term debt 0 0 1,850,000 0
Withholding remittance - share-based compensation (2,105) (1,254) (2,115) (1,254)
Other (19,929) (4,355) (16,303) (6,161)
Net cash provided by financing activities 254,019 1,366,056 1,951,421 1,470,320
Effects of currency translation on cash and cash equivalents (701) 198 (739) 635
Change in cash and cash equivalents (47,425) 103,338 (11,418) 162,745
Cash and cash equivalents at beginning of period 222,697 83,352 186,690 23,945
Cash and cash equivalents at end of period 175,272 186,690 175,272 186,690
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 146,792 57,128 194,016 98,567
Income taxes paid, net $ 10,317 $ 7,665 $ 6,860 $ 12,720