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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net Income $ 26,855 $ 19,144
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,704 8,812
Depreciation and accretion included in other costs 2,276 1,939
Deferred income taxes 6,469 7,849
Realized gain on commodity contracts/sale of assets/investments 3,416 1,330
Unrealized loss on investments/commodity contracts 44 132
Employee benefits and compensation 228 423
Share-based compensation 1,520 639
Other, net (12) (4)
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 9,649 5,095
Propane inventory, storage gas and other inventory 12,448 6,688
Regulatory assets/liabilities, net 11,511 6,103
Prepaid expenses and other current assets 8,095 1,136
Accounts payable and other accrued liabilities (26,932) (5,897)
Income taxes receivable 8,741 9,500
Customer deposits and refunds 44 400
Accrued compensation (7,731) (4,966)
Other assets and liabilities, net 347 1,631
Net cash provided by operating activities 66,672 59,954
Investing Activities    
Property, plant and equipment expenditures (63,116) (42,172)
Proceeds from sales of assets 193 36
Environmental expenditures (48) (57)
Net cash used in investing activities (62,971) (42,193)
Financing Activities    
Common stock dividends (5,147) (4,815)
(Purchase) issuance of stock under the Dividend Reinvestment Plan (164) 222
Tax Withholding payments related to net settled stock compensation (719) (692)
Change in cash overdrafts due to outstanding checks 2,352 587
Net repayment under line of credit agreements and short-term borrowing under the Revolver (24,213) (11,125)
Proceeds from issuance of long-term debt 25,000 0
Repayment of long term debt and capital lease obligation (428) (416)
Net cash used in financing activities (3,319) (16,239)
Net Increase in Cash and Cash Equivalents 382 1,522
Cash and Cash Equivalents—Beginning of Period 5,614 4,178
Cash and Cash Equivalents—End of Period $ 5,996 $ 5,700