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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 85,416 $ 61,036
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 82,035 66,860
Amortization 12,136 9,461
Deferred income taxes 28,054 8,844
Qualified defined benefit pension plan expense 5,437 2,164
Contributions to qualified defined benefit pension plans (5,510) (3,390)
Deferred environmental expenditures, net (11,720) (14,128)
Environmental remediation expense 8,549 8,075
Asset optimization revenue sharing bill credits (15,549) (29,198)
Other 7,794 7,322
Changes in assets and liabilities:    
Receivables, net 121,551 118,562
Inventories (4,382) 5,411
Income and other taxes 8,505 14,837
Accounts payable 11,582 (10,966)
Deferred gas costs (45,247) (14,418)
Asset optimization revenue sharing (10,097) (4,284)
Decoupling mechanism (14,793) 4,085
Cloud-based software (3,819) (16,424)
Regulatory accounts 1,612 14,866
Other, net 22 8,793
Cash provided by operating activities 281,770 246,076
Investing activities:    
Capital expenditures (222,664) (198,929)
Acquisitions, net of cash acquired (331,329) 0
Purchase of equity method investment (1,000) (1,000)
Other (894) (512)
Cash used in investing activities (555,887) (200,441)
Financing activities:    
Proceeds from common stock issued, net 24,384 34,986
Long-term debt issued 375,000 150,000
Long-term debt retired (3,022) (150,000)
Changes in other short-term debt, net (17,692) (10,780)
Cash dividend payments on common stock (38,180) (35,600)
Payment of financing fees (4,385) (748)
Shares withheld for tax purposes (1,537) (1,314)
Other (1,769) (764)
Cash used in financing activities 332,799 (14,220)
Cash, cash equivalents and restricted cash 106,664 81,039
Increase (decrease) in cash, cash equivalents and restricted cash 58,682 31,415
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalization 52,557 34,802
Income taxes paid, net of refunds 8,079 10,251
Northwest Natural Gas Company [Member]    
Operating activities:    
Net income 95,963 67,134
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 72,600 62,765
Amortization 11,327 9,241
Deferred income taxes 25,772 7,637
Qualified defined benefit pension plan expense 5,437 2,164
Contributions to qualified defined benefit pension plans (5,510) (3,390)
Deferred environmental expenditures, net (11,720) (14,128)
Environmental remediation expense 8,549 8,075
Asset optimization revenue sharing bill credits (15,549) (29,198)
Other 5,797 6,665
Changes in assets and liabilities:    
Receivables, net 123,804 119,695
Inventories (926) 5,629
Income and other taxes 13,977 3,971
Accounts payable (2,512) (13,544)
Deferred gas costs (45,247) (14,418)
Asset optimization revenue sharing (10,097) (4,284)
Decoupling mechanism (14,793) 4,085
Cloud-based software (3,819) (16,424)
Regulatory accounts 1,638 14,867
Other, net 2,126 7,089
Cash provided by operating activities 277,011 232,199
Investing activities:    
Capital expenditures (177,122) (179,015)
Other (947) (757)
Cash used in investing activities (178,069) (179,772)
Financing activities:    
Capital contributions received from parent 135,000 0
Changes in other short-term debt, net (136,510) (16,780)
Cash dividend payments on common stock (38,160) (35,565)
Shares withheld for tax purposes (1,537) (1,314)
Other (236) (277)
Cash used in financing activities (41,443) (53,936)
Cash, cash equivalents and restricted cash 86,927 35,011
Increase (decrease) in cash, cash equivalents and restricted cash 57,499 (1,509)
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalization 28,718 28,735
Income taxes paid, net of refunds $ 8,000 $ 24,920