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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 2,292,300 $ 1,650,073
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 3,061,386 2,270,643
Unrealized Losses on Investments 104,044
Undistributed Earnings of Other Equity Investments (105,916) (53,308)
Noncash Patronage Refund (100,946) (76,485)
Distributions from Equity Investments 100,000
Stock Issued in Lieu of Cash Payment 155,013 104,041
Stock-based Compensation 20,112 8,172
Changes in Assets and Liabilities:    
Receivables 603,414 334,951
Income Taxes Receivable 305,751
Inventories 202,408 233,139
Prepaid Expenses (417,593) (372,503)
Deferred Charges (48,900)
Accounts Payable (145,163) (726,693)
Accrued Income Taxes 248,698 331,629
Other Accrued Taxes 62,427 45,433
Other Accrued Liabilities (5,289) 246,449
Deferred Compensation (7,404) (8,224)
Net Cash Provided by Operating Activities 6,324,342 3,987,317
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant, and Equipment, Net (2,312,530) (1,706,729)
Grants Received for Construction of Plant 390,922 323,319
Other, Net (74,472) (53,000)
Net Cash Used in Investing Activities (1,996,080) (1,436,410)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal Payments of Long-Term Debt (675,000)
Loan Origination Fees (11,110)
Dividends Paid (621,031) (516,007)
Net Cash Used in Financing Activities (632,141) (1,191,007)
NET INCREASE IN CASH 3,696,121 1,359,900
CASH at Beginning of Period 1,584,769 1,842,092
CASH at End of Period 5,280,890 3,201,992
Supplemental cash flow information:    
Cash paid for interest 898,488 267,358
Net cash paid for income taxes $ 337,000 $ 310,000