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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net Income $ 6,255 $ 5,984
Depreciation and Amortization 5,174 4,828
Provision for Deferred Income Taxes and Investment Tax Credits 422 579
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (260) (396)
Cash Surrender Value of Life Insurance (86) 219
Stock Compensation Expense 234 193
Accounts Receivable 1,827 (466)
Unbilled Revenues (1,567) (2,361)
Materials & Supplies 247 (177)
Prepayments (836) (458)
Accounts Payable. (699) 875
Accrued Taxes 485 3,373
Accrued Interest 82 (254)
Employee Benefit Plans 891 250
Unearned Revenue & Advanced Service Fees 2 28
Other Assets and Liabilities (87) (435)
NET CASH PROVIDED BY OPERATING ACTIVITIES 12,084 11,782
Utility Plant Expenditures, Including AFUDC of $131 in 2011, $246 in 2010 (11,039) (15,981)
Restricted Cash. 1,145 349
NET CASH USED IN INVESTING ACTIVITIES (9,894) (15,632)
Redemption of Long-term Debt (1,434) (1,485)
Proceeds from Issuance of Long-term Debt 2,315 10,000
Net Short-term Bank Borrowings 3,250 (29,350)
Deferred Debt Issuance Expense (19)  
Common Stock Issuance Expense 0 (111)
Repurchase of Preferred Stock (9)  
Proceeds from Issuance of Common Stock 775 29,102
Payment of Common Dividends (5,688) (4,879)
Payment of Preferred Dividends (103) (104)
Construction Advances and Contributions-Net 553 437
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (360) 3,610
NET CHANGES IN CASH AND CASH EQUIVALENTS 1,830 (240)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,453 4,278
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,283 4,038
Utility Plant received as Construction Advances and Contributions 6,288 750
Interest 2,918 3,608
Interest Capitalized 131 246
Income Taxes $ 2,550 $ 79