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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net Income $ 224,111 $ 194,131 $ 183,008
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and depletion 227,635 210,474 195,020
Amortization of debt issuance costs, discount and deferred hedge gain 4,647 5,142 5,321
Stock-based compensation costs 4,721 5,176 5,488
Equity portion of AFUDC (18,628) (17,614) (14,191)
(Gain) loss on disposition of assets (61) 316 482
Deferred income taxes (8,969) 6,584 (8,992)
Changes in current assets and liabilities:      
Accounts receivable 24,493 32,695 (46,282)
Inventories (8,402) (7,180) (26,744)
Other current assets (13,216) 2,644 (3,833)
Accounts payable 7,399 (54,722) 50,537
Accrued expenses 9,748 (3,377) 16,846
Regulatory assets (10,109) 105,588 (20,512)
Regulatory liabilities (28,842) 39,957 (7,034)
Other noncurrent assets and liabilities (11,945) (30,583) (21,872)
Cash Provided by Operating Activities 406,741 489,231 307,242
INVESTING ACTIVITIES:      
Property, plant, and equipment additions (549,244) (566,889) (515,140)
Investment in equity securities (4,719) (3,923) (1,719)
Payments for (Proceeds from) Other Investing Activities (500) 0 0
Cash Used in Investing Activities (554,463) (570,812) (516,859)
FINANCING ACTIVITIES:      
Dividends on common stock (158,589) (154,050) (140,062)
Proceeds from issuance of common stock, net 0 73,613 276,971
Issuance of long-term debt 215,000 300,000 0
Payment for Debt Extinguishment or Debt Prepayment Cost (100,000) 0 0
Line of credit borrowings (repayments), net 95,000 (132,000) 77,000
Issuances of short-term borrowings 100,000 0 0
Treasury stock activity 1,192 1,069 603
Financing costs (1,051) (4,327) (1,194)
Cash Provided by Financing Activities 151,552 84,305 213,318
Net Increase in Cash, Cash Equivalents, and Restricted Cash 3,830 2,724 3,701
Cash, Cash Equivalents, and Restricted Cash, beginning of period 25,187 22,463 18,762
Cash, Cash Equivalents, and Restricted Cash, end of period 29,017 25,187 22,463
Other Noncash Expense $ 4,159 $ 0 $ 0