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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES    
Net income $ 131,319 $ 89,411
Adjustments to reconcile net income to cash flows from operating activities    
Unrealized loss (gain) on derivative instruments 6,368 (5,400)
Gain on sale of assets (54,859) 0
Depreciation and amortization 45,329 40,287
Amortization of acquired wholesale energy contracts 0 111
Allowance for equity used during construction (1,086) (1,482)
Allowance for doubtful accounts 194 (1,575)
Non cash lease expense 1,071 1,152
Deferred income taxes 20,522 18,758
Equivalent value of ITCs recognized on equipment financing (4,352) (2,888)
Manufactured gas plant remediation costs (1,126) (4,575)
Cost of removal - asset retirement obligations (432) (382)
Contributions to postemployment benefit plans (227) (1,996)
Taxes related to stock-based compensation 1,805 1,185
Changes in:    
Components of working capital (187,879) (97,615)
Other noncurrent assets and liabilities 34,398 11,424
Cash flows (used in) from operating activities (8,955) 46,415
Expenditures for:    
Cost of removal (10,775) (8,977)
Distribution from equity investees in excess of equity in earnings 99 830
Proceeds from sale of assets 132,500 0
Cash flows used in investing activities (19,271) (113,792)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 100,000 50,000
Payments of long-term debt (107,676) (6,188)
Proceeds from short-term debt, net 45,200 16,550
Proceeds from sale leaseback transactions - solar 12,567 24,394
Proceeds from sale leaseback transactions - natural gas meters 11,714 8,814
Payments of common stock dividends (44,752) (40,981)
Proceeds from waiver discount issuance of common stock 19,910 17,919
Proceeds from issuance of common stock - DRP 3,793 3,781
Tax withholding payments related to net settled stock compensation (11,579) (5,000)
Cash flows from financing activities 29,177 69,289
Change in cash, cash equivalents and restricted cash 951 1,912
Cash, cash equivalents and restricted cash at beginning of period 1,612 1,517
Cash, cash equivalents and restricted cash at end of period 2,563 3,429
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables (203,094) (146,377)
Inventories 5,247 1,948
Recovery of natural gas costs (375) 479
Natural gas purchases payable 30,998 24,901
Natural gas purchases payable - related parties 6 (2)
Deferred revenue, current 650 57,115
Accounts payable and other (45,967) (47,797)
Prepaid expenses (7,421) (5,794)
Prepaid and accrued taxes 35,204 20,895
Restricted broker margin accounts (2,849) (837)
Customers' credit balances and deposits 3,992 551
Other current assets and liabilities (4,270) (2,697)
Total (187,879) (97,615)
Cash paid for:    
Interest (net of amounts capitalized) 34,843 29,779
Income taxes 863 629
Accrued capital expenditures 19,309 13,333
Utility plant    
Expenditures for:    
Payments to acquire PP&E (99,143) (71,166)
Solar equipment    
Expenditures for:    
Payments to acquire PP&E (33,476) (25,766)
Storage and Transportation and other    
Expenditures for:    
Payments to acquire PP&E $ (8,476) $ (8,713)