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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net Income $ 118.6 $ 87.2 $ 89.8
Adjustments to reconcile net income to net operating cash:      
Depreciation and amortization 65.7 65.5 69.0
Depreciation and accretion included in operations expenses 15.8 11.9 11.0
Deferred income taxes, net 36.4 3.4 23.7
Realized (loss) on sale of assets/commodity contracts (4.4) (0.8) (7.5)
Unrealized loss (gain) on investments/commodity contracts (1.8) (1.9) 1.8
Employee benefits and compensation 0.0 0.3 (1.1)
Share-based compensation 8.4 7.6 6.4
Changes in assets and liabilities:      
Accounts receivable and accrued revenue (10.3) 2.3 (11.2)
Propane inventory, storage gas and other inventory 3.3 0.3 (7.8)
Regulatory assets/liabilities, net 0.2 20.1 (38.6)
Prepaid expenses and other current assets 0.4 18.7 9.1
Accounts payable and other accrued liabilities 0.4 (16.8) 2.7
Income taxes receivable (2.9) (1.3) 14.9
Customer deposits and refunds (0.7) 3.9 0.7
Accrued compensation 7.0 1.5 (1.2)
Other assets and liabilities, net 5.7 (2.3) (2.8)
Net cash provided by operating activities 239.4 203.5 158.9
Investing Activities      
Property, plant and equipment expenditures (355.3) (188.6) (128.3)
Proceeds from sale of assets 5.2 2.9 3.9
Acquisitions, net of cash acquired 0.6 (925.0) (11.8)
Environmental expenditures (0.4) (0.7) (0.3)
Net cash used in investing activities (349.9) (1,111.4) (136.5)
Financing Activities      
Common stock dividends (54.2) (40.0) (35.2)
Payment, Tax Withholding, Share-based Payment Arrangement (1.5) (2.5) (2.8)
Change in cash overdrafts due to outstanding checks 1.5 (0.3) 1.0
Net borrowings (repayments) under line of credit agreements 14.1 (22.5) (20.6)
Proceeds from issuance of long-term debt 99.5 627.0 49.9
Repayment of long-term debt and finance lease obligation (18.5) (21.5) (18.0)
Net cash provided by (used in) financing activities 113.5 906.6 (21.2)
Net (Decrease) Increase in Cash and Cash Equivalents 3.0 (1.3) 1.2
Other Operating Activities, Cash Flow Statement (0.2) 0.2 0.0
Cash and Cash Equivalents — Beginning of Period 4.9 6.2 5.0
Cash and Cash Equivalents — End of Period 7.9 4.9 6.2
Increase (Decrease) in Interest Payable, Net (2.2) 3.7 0.0
Proceeds from Issuance or Sale of Equity 72.6 366.4 4.5
Net Cash Provided by (Used in) Financing Activities 113.5 906.6 (21.2)
Net Cash Provided by (Used in) Investing Activities (349.9) (1,111.4) (136.5)
Net Cash Provided by (Used in) Operating Activities 239.4 203.5 158.9
Cash and Cash Equivalents, Period Increase (Decrease) 3.0 (1.3) 1.2
Cash and cash equivalents $ 7.9 $ 4.9 $ 6.2