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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 21,228 $ 15,767
Net Cash Provided by Operating Activities:    
Depreciation and Amortization 13,008 14,543
Provision for Deferred Income Taxes and Investment Tax Credits 1,722 (2,993)
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (253) (1,014)
Cash Surrender Value of Life Insurance (199) (207)
Stock Compensation Expense 1,072 1,366
Changes in Assets and Liabilities:    
Accounts Receivable (2,001) 788
Unbilled Revenues (3,233) (2,408)
Materials & Supplies 495 (249)
Prepayments (2,092) (846)
Accounts Payable (2,396) 3,418
Accrued Taxes 3,706 843
Accrued Interest 114 563
Employee Benefit Plans (4,457) (975)
Unearned Revenue & Advanced Service Fees 299 111
Recovered Costs-Environmental Litigation Settlement (8,003)
Other Assets and Liabilities (1,131) 580
NET CASH PROVIDED BY OPERATING ACTIVITIES 17,879 29,287
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility Plant Expenditures, Including AFUDC-Debt of $180 in 2024 and $651 in 2023 (28,737) (50,635)
NET CASH USED IN INVESTING ACTIVITIES (28,737) (50,635)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of Long-term Debt (2,493) (2,553)
Proceeds from Issuance of Long-term Debt 561 62,880
Net Short-term Bank Borrowings 29,500 (32,000)
Deferred Debt Issuance Expense (41) (107)
Payment of Grantee Withholding Taxes in Exchange for Restricted Stock (1,328)
Proceeds from Issuance of Common Stock 505 5,745
Payment of Common Dividends (11,531) (11,049)
Payment of Preferred Dividends (60) (60)
Construction Advances and Contributions-Net 1,380 (959)
NET CASH PROVIDED BY FINANCING ACTIVITIES 16,493 21,897
NET CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 5,635 549
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 2,390 3,828
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 8,025 4,377
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Utility Plant received as Construction Advances and Contributions 4,461 4,219
Cash Paid During the Period for:    
Interest 7,417 5,491
Interest Capitalized 180 651
Income Taxes $ 752 $ 260