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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities      
Net income $ 5,529,378 $ 6,496,081 $ 8,275,128
Adjustments to reconcile net income to net cash from operating activities      
Depreciation and amortization 6,649,721 6,617,743 6,420,525
Deferred income taxes and investment tax credits 1,193,793 1,449,471 (515,492)
Change in cash surrender value of officer's life insurance 6,198 (19,036) (67,722)
Share-based compensation 452,230 1,095,051 1,111,966
Excess Tax deficiency from share-based Compensation (7,581) (9,574) (8,967)
(Increase) decrease in assets      
Accounts receivable 1,091,517 871,270 2,216,925
Natural gas in storage 1,344,242 2,491,337 (1,644,186)
Deferred natural gas cost (674,077) 724,923 3,197,921
Materials and supplies (4,549) (12,578) (288,597)
Prepayments (1,226,279) (363,263) (1,253,798)
Other assets (288,867) 225,771 11,556
Increase (decrease) in liabilities      
Accounts payable (1,181,356) (1,135,821) 169,226
Accrued taxes 106,856 (80,925) 83,528
Asset retirement obligations (85,068) 375,073 (553,612)
Other liabilities 1,832,112 20,658 185,805
Net cash provided by operating activities 14,738,270 18,746,181 17,340,206
Cash Flows From Investing Activities      
Capital expenditures (6,302,666) (9,010,876) (8,077,642)
Proceeds from sale of property, plant and equipment 275,397 161,311 268,082
Other (60,000) (60,000) (60,000)
Net cash used in investing activities (6,087,269) (8,909,565) (7,869,560)
Cash Flows From Financing Activities      
Dividends on common shares (5,822,259) (5,639,791) (5,289,911)
Dividends 5,822,259 5,639,791 5,289,911
Issuance of common shares 614,518 532,712 595,249
Excess Tax Benefit from Share-based Compensation 2,073 18,823 39,472
Payment of minimum tax withholding (263,044) 0 0
Repayment of long-term debt (1,500,000) (1,500,000) (1,500,000)
Borrowings on bank line of credit 0 126,430 691,157
Repayment of bank line of credit 0 (126,430) (691,157)
Net cash used in financing activities (6,968,712) (6,588,256) (6,155,190)
Net Increase in Cash and Cash Equivalents 1,682,289 3,248,360 3,315,456
Cash and Cash Equivalents, Beginning of Year 16,924,278 13,675,918 10,360,462
Cash and Cash Equivalents, End of Year 18,606,567 16,924,278 13,675,918
Cash paid during the year for      
Interest 2,298,228 2,369,078 2,436,435
Income taxes (net of refunds) 2,064,005 3,312,944 5,819,956
Significant non-cash transactions      
Accrued capital expenditures $ 157,808 $ 207,169 $ 328,638