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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net Income $ 89,796 $ 83,466 $ 71,498
Adjustments to reconcile net income to net operating cash:      
Depreciation and amortization 68,973 62,661 58,117
Depreciation and accretion included in operations expenses 11,044 10,228 9,599
Deferred income taxes, net 23,705 26,658 24,709
Gain on sale of discontinued operations 0 0 (200)
Realized (loss) on sale of assets/commodity contracts (7,532) (9,026) (6,243)
Unrealized loss (gain) on investments/commodity contracts 1,817 (1,464) (1,482)
Employee benefits and compensation (1,111) (53) 207
Share-based compensation 6,438 5,945 4,829
Changes in assets and liabilities:      
Accounts receivable and accrued revenue (11,159) (1,634) (7,426)
Propane inventory, storage gas and other inventory (7,847) (9,517) 1,709
Regulatory assets/liabilities, net (38,671) (18,464) (4,973)
Prepaid expenses and other current assets 9,124 (1,520) 2,424
Accounts payable and other accrued liabilities 2,724 8,285 4,941
Income taxes receivable 14,919 (4,575) 7,165
Customer deposits and refunds 664 3,176 2,238
Accrued compensation (1,231) 1,198 (2,473)
Other assets and liabilities, net (2,771) (4,860) (5,723)
Net cash provided by operating activities 158,882 150,504 158,916
Investing Activities      
Property, plant and equipment expenditures (128,276) (186,924) (165,511)
Proceeds from sale of assets 3,860 1,033 8,080
Acquisitions, net of cash acquired (11,766) (36,371) (22,231)
Proceeds from the sale of discontinued operations 0 0 200
Environmental expenditures (266) (761) (2,169)
Net cash used in investing activities (136,448) (223,023) (181,631)
Financing Activities      
Common stock dividends (35,147) (31,537) (27,161)
Payments for Repurchase of Common Stock 4,534 15,851 22,627
Proceeds from issuance of common stock, net of expenses 0 0 60,980
Payment, Tax Withholding, Share-based Payment Arrangement (2,838) (1,478) (977)
Change in cash overdrafts due to outstanding checks 955 (1,154) (825)
Net borrowings (repayments) under line of credit agreements (20,608) 46,647 (71,637)
Proceeds from issuance of long-term debt 49,859 59,478 89,822
Repayment of long-term debt and finance lease obligation (17,961) (13,811) (53,600)
Net cash (used in) provided by financing activities (21,206) 73,996 19,229
Net (Decrease) Increase in Cash and Cash Equivalents 1,228 1,477 (3,486)
Cash and Cash Equivalents — Beginning of Period 4,976 3,499 6,985
Cash and Cash Equivalents — End of Period $ 6,204 $ 4,976 $ 3,499