XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities    
Net Income $ 21,109us-gaap_NetIncomeLoss $ 17,681us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,975us-gaap_DepreciationDepletionAndAmortization 6,635us-gaap_DepreciationDepletionAndAmortization
Depreciation and accretion included in other costs 1,689cpk_DepreciationAndAccretionIncludedInOtherCosts 1,783cpk_DepreciationAndAccretionIncludedInOtherCosts
Deferred income taxes, net (496)us-gaap_DeferredIncomeTaxExpenseBenefit (231)us-gaap_DeferredIncomeTaxExpenseBenefit
Realized gain on commodity contracts/sales of assets/investments (840)us-gaap_GainLossOnDispositionOfAssets (8)us-gaap_GainLossOnDispositionOfAssets
Unrealized loss on investments/commodity contracts 21us-gaap_UnrealizedGainLossOnCommodityContracts 31us-gaap_UnrealizedGainLossOnCommodityContracts
Employee benefits 300us-gaap_EmployeeBenefitsAndShareBasedCompensation 162us-gaap_EmployeeBenefitsAndShareBasedCompensation
Share-based compensation 537us-gaap_ShareBasedCompensation 638us-gaap_ShareBasedCompensation
Other, net 4us-gaap_OtherNoncashIncomeExpense (1)us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:    
Accounts receivable and accrued revenue (8,014)us-gaap_IncreaseDecreaseInAccountsReceivable (3,647)us-gaap_IncreaseDecreaseInAccountsReceivable
Propane inventory, storage gas and other inventory 5,337us-gaap_IncreaseDecreaseInInventories 8,243us-gaap_IncreaseDecreaseInInventories
Increase (Decrease) in Regulatory Assets and Liabilities (16,185)us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities (200)us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities
Prepaid expenses and other current assets 2,500us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2,185us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and other accrued liabilities 2,376us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 4,821us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes receivable 21,753us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 11,565us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Customer deposits and refunds (2,890)us-gaap_IncreaseDecreaseInCustomerDeposits (1,735)us-gaap_IncreaseDecreaseInCustomerDeposits
Accrued compensation (5,262)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (3,505)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other assets and liabilities, net 2,753us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 1,246us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities 64,037us-gaap_NetCashProvidedByUsedInOperatingActivities 46,063us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities    
Property, plant and equipment expenditures (27,508)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (18,528)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sales of assets 198us-gaap_ProceedsFromSaleOfProductiveAssets 29us-gaap_ProceedsFromSaleOfProductiveAssets
Environmental expenditures (49)us-gaap_PaymentsForEnvironmentalLiabilities (26)us-gaap_PaymentsForEnvironmentalLiabilities
Net cash used in investing activities (27,359)us-gaap_NetCashProvidedByUsedInInvestingActivities (18,525)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities    
Common stock dividends (3,573)us-gaap_PaymentsOfDividendsCommonStock (3,369)us-gaap_PaymentsOfDividendsCommonStock
Purchase of stock for Dividend Reinvestment Plan 27us-gaap_ProceedsFromRepurchaseOfEquity (341)us-gaap_ProceedsFromRepurchaseOfEquity
Change in cash overdrafts due to outstanding checks (2,191)us-gaap_IncreaseDecreaseInOutstandingChecksFinancingActivities (501)us-gaap_IncreaseDecreaseInOutstandingChecksFinancingActivities
Net borrowing (repayment) under line of credit agreements (19,269)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit (21,696)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Repayment of long-term debt (76)us-gaap_RepaymentsOfLongTermDebt (196)us-gaap_RepaymentsOfLongTermDebt
Net cash used in financing activities (25,082)us-gaap_NetCashProvidedByUsedInFinancingActivities (26,103)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Decrease in Cash and Cash Equivalents 11,596us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,435us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents-Beginning of Period 4,574us-gaap_CashAndCashEquivalentsAtCarryingValue 3,356us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents-End of Period $ 16,170us-gaap_CashAndCashEquivalentsAtCarryingValue $ 4,791us-gaap_CashAndCashEquivalentsAtCarryingValue