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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net Income $ 63,646 $ 60,754
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,532 46,460
Depreciation and accretion included in other costs 8,280 7,668
Deferred income taxes 16,216 18,059
Realized gain on commodity contracts and sale of assets (7,247) (6,255)
Unrealized loss (gain) on investments/commodity contracts 2,358 (949)
Employee benefits and compensation (780) (519)
Share-based compensation 4,705 4,620
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 30,692 22,439
Propane inventory, storage gas and other inventory (3,338) (4,396)
Regulatory assets/liabilities, net (27,454) (6,562)
Prepaid expenses and other current assets 5,528 (6,813)
Accounts payable and other accrued liabilities (809) 18,325
Income taxes receivable (1,399) 183
Customer deposits and refunds 1,337 2,480
Accrued compensation (5,445) (740)
Other assets and liabilities, net (1,812) (1,970)
Net cash provided by operating activities 136,010 152,784
Investing Activities    
Property, plant and equipment expenditures (98,028) (148,213)
Proceeds from sale of assets 3,544 727
Environmental expenditures 637 590
Net cash used in investing activities (97,127) (148,076)
Financing Activities    
Common stock dividends (25,867) (23,287)
Issuance of stock under the Dividend Reinvestment Plan, net of offering fees 4,438 7,069
Tax withholding payments related to net settled stock compensation (2,838) (1,478)
Change in cash overdrafts due to outstanding checks (189) (508)
Net advances (repayments) under line of credit agreements (54,289) 16,392
Proceeds from long-term debt, net of offering fees 49,859 9,590
Repayment of long-term debt (12,493) (10,099)
Net cash used in financing activities (41,379) (2,321)
Net Increase (Decrease) in Cash and Cash Equivalents (2,496) 2,387
Cash and Cash Equivalents—Beginning of Period 4,976 3,499
Cash and Cash Equivalents—End of Period 2,480 5,886
Payments to Acquire Businesses, Gross $ (2,006) $ 0