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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 138,112 $ 124,888
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 111,037 94,677
Deferred income taxes and investment tax credits (32,353) (15,209)
Changes in regulatory assets and liabilities 84,333 (8,255)
Pension and postretirement benefit plan expense 22,787 13,626
Contributions to pension and postretirement benefit plans (2,616) (13,818)
Earnings of unconsolidated equity-method investments (1,902) (5,192)
Allowance for equity funds used during construction (24,431) (21,081)
Other non-cash adjustments to net income, net 2,896 3,550
Change in:    
Accounts receivable and unbilled revenues (24,211) (28,539)
Prepayments (2,624) (2,762)
Materials, supplies, and fuel stock (39,562) (30,490)
Accounts and wages payable (43,666) (138,469)
Taxes accrued/receivable 37,039 35,809
Other assets and liabilities 31,208 (1,956)
Net cash provided by operating activities 256,047 6,779
Investing Activities:    
Additions to utility plant, net (605,902) (274,167)
Payments received from transmission project joint funding partners 39,912 8,953
Other 7,573 1,415
Net cash used in investing activities (558,417) (263,799)
Financing Activities:    
Issuance of long-term debt 0 522,000
Discount on issuance of long-term debt 0 (3,772)
Retirement of long-term debt 0 (225,000)
Dividends on common stock (84,886) (80,538)
Issuance of Common Stock 233,178 0
Tax withholdings on net settlements of share-based awards (3,694) (3,255)
Other (98) 4,787
Net cash provided by financing activities 144,500 214,222
Net decrease in cash and cash equivalents (157,870) (42,798)
Cash and cash equivalents at beginning of the period 327,429 177,577
Cash and cash equivalents at end of the period 169,559 134,779
Supplemental Disclosure of Cash Flow Information:    
Income taxes 1,510 0
Interest (net of amount capitalized) 55,910 43,927
Non-cash investing activities:    
Additions to property, plant and equipment in accounts payable $ 101,178 $ 137,717