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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net Income $ 87,212 $ 89,796 $ 83,466
Adjustments to reconcile net income to net operating cash:      
Depreciation and amortization 65,501 68,973 62,661
Depreciation and accretion included in operations expenses 11,934 11,044 10,228
Deferred income taxes, net 3,413 23,705 26,658
Realized (loss) on sale of assets/commodity contracts (824) (7,532) (9,026)
Unrealized loss (gain) on investments/commodity contracts (1,916) 1,817 (1,464)
Employee benefits and compensation 342 (1,111) (53)
Share-based compensation 7,622 6,438 5,945
Changes in assets and liabilities:      
Accounts receivable and accrued revenue 2,270 (11,159) (1,634)
Propane inventory, storage gas and other inventory 293 (7,847) (9,517)
Regulatory assets/liabilities, net 20,102 (38,671) (18,464)
Prepaid expenses and other current assets 18,689 9,124 (1,520)
Accounts payable and other accrued liabilities (16,795) 2,724 8,285
Income taxes receivable (1,288) 14,919 (4,575)
Customer deposits and refunds 3,928 664 3,176
Accrued compensation 1,462 (1,231) 1,198
Other assets and liabilities, net 1,367 (2,771) (4,860)
Net cash provided by operating activities 203,482 158,882 150,504
Investing Activities      
Property, plant and equipment expenditures (188,618) (128,276) (186,924)
Proceeds from sale of assets 2,926 3,860 1,033
Acquisitions, net of cash acquired (925,034) (11,766) (36,371)
Environmental expenditures (665) (266) (761)
Net cash used in investing activities (1,111,391) (136,448) (223,023)
Financing Activities      
Common stock dividends (40,009) (35,147) (31,537)
Issuance of stock for Dividend Reinvestment Plan (28) 4,534 15,851
Proceeds from issuance of common stock, net of expenses 366,417 0 0
Payment, Tax Withholding, Share-based Payment Arrangement (2,455) (2,838) (1,478)
Change in cash overdrafts due to outstanding checks (301) 955 (1,154)
Net borrowings (repayments) under line of credit agreements (22,544) (20,608) 46,647
Proceeds from issuance of long-term debt 627,011 49,859 59,478
Repayment of long-term debt and finance lease obligation (21,482) (17,961) (13,811)
Net cash provided by (used in) financing activities 906,609 (21,206) 73,996
Net (Decrease) Increase in Cash and Cash Equivalents (1,300) 1,228 1,477
Other Operating Activities, Cash Flow Statement 170 0 0
Cash and Cash Equivalents — Beginning of Period 6,204 4,976 3,499
Cash and Cash Equivalents — End of Period $ 4,904 $ 6,204 $ 4,976