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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income [1] $ 151,419 $ 249,691
Adjustments to reconcile net income to cash flows from operating activities    
Unrealized (gain) loss on derivative instruments (25,353) 25,904
Realized and unrealized gains on investments in equity securities (1,567) (5,332)
Gain on sale of businesses (645) (4,687)
Depreciation and amortization 67,292 64,634
Amortization of acquired wholesale energy contracts 7,813 17,813
Allowance for equity used during construction (6,135) (3,730)
Allowance for doubtful accounts 1,686 1,672
Deferred income taxes (29,092) 17,351
Deferred income tax benefit due to the Tax Act 0 (73,784)
Manufactured gas plant remediation costs (9,582) (13,624)
Equity in earnings, net of distributions received from equity investees (2,700) (935)
Cost of removal - asset retirement obligations (194) (93)
Contributions to postemployment benefit plans (5,994) (4,708)
Tax benefit from stock-based compensation 1,289 2,841
Changes in:    
Components of working capital (14,829) 64,527
Other noncurrent assets 16,906 41,793
Other noncurrent liabilities 15,476 13,224
Cash flows from operating activities 165,790 392,557
Expenditures for:    
Utility plant (207,357) (130,727)
Solar equipment (91,333) (88,416)
Midstream and other (13,116) (4,879)
Cost of removal (32,212) (42,683)
Distribution from equity investees in excess of equity in earnings 1,473 2,515
Investments in equity investees (2,696) (14,496)
Cash paid related to acquisition 0 (10,000)
Proceeds from sale of businesses, net of closing costs 205,745 27,916
Proceeds from sale of investments in equity securities, net 34,484 6,616
Cash flows used in investing activities (105,012) (254,154)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Proceeds from long-term debt 35,800 225,000
Payments of long-term debt (15,001) (133,717)
Payments of short-term debt, net (52,650) (208,900)
Proceeds from sale-leaseback transaction 9,895 7,820
Payments of common stock dividends (77,730) (71,334)
Proceeds from waiver discount issuance of common stock 57,391 41,677
Proceeds from issuance of common stock 13,199 13,572
Tax withholding payments related to net settled stock compensation (6,704) (13,625)
Cash flows used in financing activities (35,800) (139,507)
Change in cash, cash equivalents and restricted cash 24,978 (1,104)
Cash, cash equivalents and restricted cash at beginning of period 1,710 2,469
Cash, cash equivalents and restricted cash at end of period 26,688 1,365
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables 28,385 (5,757)
Inventories 51,833 63,838
Recovery of gas costs (14,870) 28,524
Gas purchases payable (66,060) 28,041
Prepaid and accrued taxes 10,110 (22,993)
Accounts payable and other (31,883) 5,213
Restricted broker margin accounts 13,092 (29,497)
Customers' credit balances and deposits (7,832) (745)
Other current assets 2,396 (2,097)
Components of working capital (14,829) 64,527
Cash paid for:    
Interest (net of amounts capitalized) 42,107 35,295
Income taxes 8,550 4,195
Accrued capital expenditures 32,143 30,019
Inception gain on natural gas swap contract recognized as non-cash proceeds from sale of business $ 0 $ 14,579
[1]
Includes income tax benefit related to the Tax Act of $844,000 and $57.7 million, for the three and nine months ended June 30, 2018, respectively.