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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net Income $ 53,985 $ 48,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,193 30,662
Depreciation and accretion included in other costs 5,781 5,061
Deferred income taxes 11,434 12,810
Realized gain on commodity contracts and sale of assets (6,980) (5,342)
Unrealized loss (gain) on investments/commodity contracts 1,956 (988)
Employee benefits and compensation (520) (346)
Share-based compensation 3,555 3,315
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 24,766 23,664
Propane inventory, storage gas and other inventory 270 (1,085)
Regulatory assets/liabilities, net (6,405) 7,711
Prepaid expenses and other current assets 10,326 2,789
Accounts payable and other accrued liabilities (2,274) 6,563
Income taxes receivable 5,107 4,514
Customer deposits and refunds (1,999) 681
Accrued compensation (6,266) (3,397)
Other assets and liabilities, net (3,134) (675)
Net cash provided by operating activities 123,795 134,216
Investing Activities    
Property, plant and equipment expenditures (65,087) (104,631)
Proceeds from sale of assets 3,367 497
Environmental expenditures 441 395
Net cash used in investing activities (64,167) (104,529)
Financing Activities    
Common stock dividends (16,575) (15,047)
Issuance of stock under the Dividend Reinvestment Plan, net of offering fees 4,259 4,799
Tax withholding payments related to net settled stock compensation (2,838) (1,478)
Change in cash overdrafts due to outstanding checks (1,202) (1,101)
Net advances (repayments) under line of credit agreements (83,424) (5,249)
Proceeds from long-term debt, net of offering fees 49,890 0
Repayment of long-term debt (10,528) (10,099)
Net cash used in financing activities (60,418) (28,175)
Net Increase (Decrease) in Cash and Cash Equivalents (790) 1,512
Cash and Cash Equivalents—Beginning of Period 4,976 3,499
Cash and Cash Equivalents—End of Period 4,186 5,011
Payments to Acquire Businesses, Gross $ (2,006) $ 0