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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net Income $ 39,886 $ 36,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,500 22,684
Depreciation and accretion included in other costs 4,807 4,322
Deferred income taxes 12,232 7,746
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax (200)  
Realized gain on commodity contracts and sale of assets (3,496) (572)
Unrealized loss (gain) on investments/commodity contracts 130 (1,089)
Employee benefits and compensation 21 764
Share-based compensation 2,322 1,095
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 11,455 51,362
Propane inventory, storage gas and other inventory 4,140 6,458
Regulatory assets/liabilities, net 4,133 (1,610)
Prepaid expenses and other current assets 6,016 9,660
Accounts payable and other accrued liabilities (1,604) (56,902)
Income taxes (payable) receivable (1,480) 4,316
Customer deposits and refunds (232) (4,316)
Accrued compensation (7,086) (5,365)
Other assets and liabilities, net (3,866) (946)
Net cash provided by operating activities 91,678 74,575
Investing Activities    
Property, plant and equipment expenditures (82,779) (90,443)
Proceeds from sale of assets 4,273 207
Proceeds from the sale of discontinued operations 200  
Environmental expenditures 1,948 644
Net cash used in investing activities (80,254) (90,880)
Financing Activities    
Common stock dividends (12,976) (11,759)
Issuance (repurchase) of stock under the Dividend Reinvestment Plan 359 (368)
Tax Withholding payments related to net settled stock compensation (977) (692)
Change in cash overdrafts due to outstanding checks (3,431) 548
Net borrowings under line of credit agreements 42,319 6,220
Proceeds from long-term debt and long-term borrowing under the Revolver (13) 29,956
Repayment of long-term debt and capital lease obligation (40,100) (6,435)
Net cash (used) provided by financing activities (14,819) 17,470
Net (Decrease) Increase in Cash and Cash Equivalents (3,395) 1,165
Cash and Cash Equivalents—Beginning of Period 6,985 6,089
Cash and Cash Equivalents—End of Period $ 3,590 $ 7,254