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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Income $ 50.9 $ 46.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22.5 17.0
Depreciation and accretion included in other costs 4.0 4.0
Deferred income taxes 16.5 11.9
Realized loss on commodity contracts and sale of assets (1.1) (1.8)
Unrealized gain on investments and commodity contracts 0.4 (0.8)
Share-based compensation 2.3 2.1
Changes in assets and liabilities:    
Accounts receivable and accrued revenue (13.9) 7.8
Propane inventory, storage gas and other inventory 1.6 4.8
Regulatory assets and liabilities, net 3.6 10.1
Prepaid expenses and other current assets 1.6 2.6
Accounts payable and other accrued liabilities 2.9 (10.1)
Income taxes receivable 1.9 4.6
Customer deposits and refunds (3.7) (2.7)
Accrued compensation (14.6) (9.5)
Other assets and liabilities, net (1.3) 1.0
Net cash provided by operating activities 85.0 97.3
Investing Activities    
Property, plant and equipment expenditures (113.8) (75.5)
Proceeds from sale of assets 0.6 0.3
Environmental expenditures (0.1) 0.1
Net cash used in investing activities (113.1) (74.7)
Financing Activities    
Common stock dividends (14.5) (12.9)
Proceeds from issuance of common stock, net of expenses 19.8 0.0
Tax withholding payments related to net settled stock compensation (1.0) (1.5)
Change in cash overdrafts due to outstanding checks (1.7) 0.7
Net borrowings (repayments) under line of credit agreements 20.3 (10.2)
Repayment of long-term debt and finance lease obligation (2.0) (1.9)
Net cash provided by (used in) financing activities 20.9 (25.8)
Net Decrease in Cash and Cash Equivalents (7.2) (3.2)
Cash and Cash Equivalents—Beginning of Period 7.9 4.9
Payments to Acquire Businesses, Gross 0.0 0.6
Accrued compensation (14.6) (9.5)
Net Income 50.9 46.2
Depreciation and amortization 22.5 17.0
Depreciation and accretion included in other costs 4.0 4.0
Deferred Income Tax Expense (Benefit) 16.5 11.9
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 1.1 1.8
Unrealized Gain (Loss) on Commodity Contracts (0.4) 0.8
Share-based compensation 2.3 2.1
Increase (Decrease) in Accounts Receivable 13.9 (7.8)
Increase (Decrease) in Inventories (1.6) (4.8)
Increase (Decrease) in Regulatory Assets and Liabilities (3.6) (10.1)
Increase (Decrease) in Prepaid Expense and Other Assets (1.6) (2.6)
Accounts payable and other accrued liabilities 2.9 (10.1)
Increase (Decrease) in Income Taxes Receivable (1.9) (4.6)
Customer deposits and refunds (3.7) (2.7)
Increase (Decrease) in Interest Payable, Net 11.4 10.1
Increase (Decrease) in Other Operating Assets and Liabilities, Net 1.3 (1.0)
Net Cash Provided by (Used in) Operating Activities 85.0 97.3
Payments to Acquire Property, Plant, and Equipment 113.8 75.5
Proceeds from sale of assets 0.6 0.3
Environmental expenditures (0.1) 0.1
Net cash used in investing activities (113.1) (74.7)
Payments of Ordinary Dividends, Common Stock 14.5 12.9
Proceeds from issuance of common stock, net of expenses 19.8 0.0
Payment, Tax Withholding, Share-based Payment Arrangement 1.0 1.5
Change in cash overdrafts due to outstanding checks (1.7) 0.7
Net borrowings (repayments) under line of credit agreements 20.3 (10.2)
Repayments of Long-term Debt 2.0 1.9
Net cash provided by (used in) financing activities 20.9 (25.8)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (7.2) $ (3.2)
Cash and cash equivalents $ 0.7