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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net Income $ 28,664 $ 26,855
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,074 9,704
Depreciation and accretion included in other costs 2,135 2,276
Deferred income taxes 3,430 6,469
Realized (gain) loss on commodity contracts/sale of assets/investments (363) 3,416
Unrealized (gain) loss on investments/commodity contracts (721) 44
Employee benefits and compensation 382 228
Share-based compensation 487 1,520
Other, net 0 (12)
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 18,147 9,649
Propane inventory, storage gas and other inventory 7,207 12,448
Regulatory assets/liabilities, net 3,121 11,511
Prepaid expenses and other current assets 11,873 8,095
Accounts payable and other accrued liabilities (44,783) (26,932)
Income taxes receivable 6,241 8,741
Customer deposits and refunds (4,445) 44
Accrued compensation (5,548) (7,731)
Other assets and liabilities, net 3,585 347
Net cash provided by operating activities 40,486 66,672
Investing Activities    
Property, plant and equipment expenditures (43,216) (63,116)
Proceeds from sales of assets 115 193
Environmental expenditures (268) (48)
Net cash used in investing activities (43,369) (62,971)
Financing Activities    
Common stock dividends (5,877) (5,147)
Issuance of stock under the Dividend Reinvestment Plan (183) (164)
Tax Withholding payments related to net settled stock compensation (692) (719)
Change in cash overdrafts due to outstanding checks 84 2,352
Net repayment under line of credit agreements (18,149) (24,213)
Proceeds from long-term debt and long-term borrowing under the Revolver 30,000 25,000
Repayment of long-term debt, long-term borrowing under the Revolver and capital lease obligation (414) (428)
Net cash provided (used) by financing activities 4,769 (3,319)
Net Increase in Cash and Cash Equivalents 1,886 382
Cash and Cash Equivalents—Beginning of Period 6,089 5,614
Cash and Cash Equivalents—End of Period $ 7,975 $ 5,996