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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net Income $ 83,466 $ 71,498 $ 65,153
Adjustments to reconcile net income to net operating cash:      
Depreciation and amortization 62,661 58,117 45,900
Depreciation and accretion included in operations expenses 10,228 9,599 8,752
Deferred income taxes, net 26,658 24,709 24,476
Gain on sale of discontinued operations 0 (200) (7,344)
Realized (loss) on sale of assets/commodity contracts (9,026) (6,243) (4,135)
Unrealized (gain) on investments/commodity contracts (1,464) (1,482) (1,595)
Employee benefits and compensation (53) 207 1,985
Share-based compensation 5,945 4,829 4,279
Changes in assets and liabilities:      
Accounts receivable and accrued revenue (1,634) (7,426) 36,489
Propane inventory, storage gas and other inventory (9,517) 1,709 8,227
Regulatory assets/liabilities, net (18,464) (4,973) (7,812)
Prepaid expenses and other current assets (1,520) 2,424 11,115
Accounts payable and other accrued liabilities 8,285 4,941 (62,021)
Income taxes receivable (4,575) 7,165 (4,750)
Customer deposits and refunds 3,176 2,238 (1,811)
Accrued compensation 1,198 (2,473) 2,120
Other assets and liabilities, net (4,860) (5,723) (16,064)
Net cash provided by operating activities 150,504 158,916 102,964
Investing Activities      
Property, plant and equipment expenditures (186,924) (165,511) (184,727)
Proceeds from sale of assets 1,033 8,080 427
Acquisitions, net of cash acquired (36,371) (22,231) (23,988)
Proceeds from the sale of discontinued operations 0 200 22,871
Environmental expenditures (761) (2,169) (1,170)
Net cash used in investing activities (223,023) (181,631) (186,587)
Financing Activities      
Common stock dividends (31,537) (27,161) (24,693)
Payments for Repurchase of Common Stock 15,851 22,627 (721)
Proceeds from issuance of common stock, net of expenses 0 60,980 0
Payment, Tax Withholding, Share-based Payment Arrangement (1,478) (977) (692)
Change in cash overdrafts due to outstanding checks (1,154) (825) (1,174)
Net borrowings (repayments) under line of credit agreements 46,647 (71,637) (45,913)
Proceeds from issuance of long-term debt 59,478 89,822 199,648
Repayment of long-term debt and finance lease obligation (13,811) (53,600) (41,936)
Net cash provided by financing activities 73,996 19,229 84,519
Net (Decrease) Increase in Cash and Cash Equivalents 1,477 (3,486) 896
Cash and Cash Equivalents — Beginning of Period 3,499 6,985 6,089
Cash and Cash Equivalents — End of Period $ 4,976 $ 3,499 $ 6,985