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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net Income $ 42,589 $ 38,779
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,049 30,176
Depreciation and accretion included in other costs 6,380 6,464
Deferred income taxes 8,789 11,047
Realized (gain) loss on commodity contracts/sale of assets/investments (1,087) 4,015
Unrealized gain on investments/commodity contracts (1,025) (427)
Employee benefits and compensation 1,163 456
Share-based compensation 2,305 2,535
Other, net 0 (35)
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 51,997 32,988
Propane inventory, storage gas and other inventory 7,996 6,379
Regulatory assets/liabilities, net (7,160) 3,899
Prepaid expenses and other current assets 13,959 (1,533)
Accounts payable and other accrued liabilities (51,550) (9,590)
Income taxes receivable 4,200 6,053
Customer deposits and refunds (2,992) 136
Accrued compensation (3,747) (2,804)
Other assets and liabilities, net (1,927) (542)
Net cash provided by operating activities 103,939 127,996
Investing Activities    
Property, plant and equipment expenditures (139,315) (171,410)
Proceeds from sale of assets 327 565
Environmental expenditures (925) (322)
Net cash used in investing activities (139,913) (171,167)
Financing Activities    
Common stock dividends (18,235) (16,171)
Issuance of stock under the Dividend Reinvestment Plan (536) (518)
Tax Withholding payments related to net settled stock compensation (692) (1,210)
Change in cash overdrafts due to outstanding checks (2,855) 712
Net borrowings (repayments) under line of credit agreements (66,859) 16,612
Proceeds from long-term debt and long-term borrowing under the Revolver 129,817 74,901
Repayment of long-term debt, long-term borrowing under the Revolver and capital lease obligation (6,435) (30,554)
Net cash provided by financing activities 34,205 43,772
Net Increase (Decrease) in Cash and Cash Equivalents (1,769) 601
Cash and Cash Equivalents—Beginning of Period 6,089 5,614
Cash and Cash Equivalents—End of Period $ 4,320 $ 6,215