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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net Income $ 49,146 $ 42,589
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,793 34,049
Depreciation and accretion included in other costs 7,062 6,380
Deferred income taxes 22,184 8,789
Gain on sale of discontinued operations (200) 0
Realized gain on commodity contracts and sale of assets (4,876) (1,087)
Unrealized gain on investments/commodity contracts (432) (1,025)
Employee benefits and compensation 32 1,163
Share-based compensation 3,654 2,305
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 10,255 51,997
Propane inventory, storage gas and other inventory 2,824 7,996
Regulatory assets/liabilities, net (2,284) (7,160)
Prepaid expenses and other current assets 1,135 13,959
Accounts payable and other accrued liabilities (924) (51,550)
Income taxes (payable) receivable (6,809) 4,200
Customer deposits and refunds 1,572 (2,992)
Accrued compensation (5,506) (3,747)
Other assets and liabilities, net (3,746) (1,927)
Net cash provided by operating activities 115,880 103,939
Investing Activities    
Property, plant and equipment expenditures (123,421) (139,315)
Proceeds from sale of assets 4,320 327
Acquisitions, net of cash acquired (15,629) 0
Proceeds from the sale of discontinued operations 200 0
Environmental expenditures 2,021 925
Net cash used in investing activities (136,551) (139,913)
Financing Activities    
Common stock dividends (20,044) (18,235)
Issuance (repurchase) of stock under equity issuance plans, net of offering fees 19,731 (536)
Tax withholding payments related to net settled stock compensation (977) (692)
Change in cash overdrafts due to outstanding checks (2,310) (2,406)
Net repayments under line of credit agreements (29,385) (67,308)
Proceeds from issuance of long-term debt, net of offering fees 89,827 129,817
Repayment of long-term debt and capital lease obligation (40,100) (6,435)
Net cash provided by financing activities 16,742 34,205
Net Decrease in Cash and Cash Equivalents (3,929) (1,769)
Cash and Cash Equivalents—Beginning of Period 6,985 6,089
Cash and Cash Equivalents—End of Period $ 3,056 $ 4,320