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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATIONS:    
Net income $ 14,610,000 $ 19,115,000
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:    
Depreciation and amortization 80,433,000 69,852,000
Amortization of deferred financing costs and debt discounts 1,046,000 949,000
Deferred income taxes and investment tax credit adjustments - net 2,000,000 430,000
Allowance for equity funds used during construction (831,000) (1,570,000)
Gain (Loss) on Disposition of Intangible Assets 1,523,000 0
Change in certain assets and liabilities:    
Accounts receivable (59,739,000) 10,463,000
Inventories 3,967,000 (411,000)
Accounts payable (20,692,000) (15,339,000)
Accrued and other current liabilities (9,126,000) (4,090,000)
Accrued taxes payable/receivable 8,429,000 8,034,000
Accrued interest 20,028,000 16,617,000
Pension and other postretirement benefit assets and liabilities 613,000 536,000
Current and non-current regulatory assets and liabilities (86,217,000) 83,926,000
Prepayments and other current assets 782,000 32,221,000
Other - net (3,395,000) (4,039,000)
Net cash (used in) / provided by operating activities (48,133,000) 152,252,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (259,124,000) (143,258,000)
Project development costs (339,000) (1,166,000)
Payments to Acquire Businesses, Net of Cash Acquired (47,948,000) 0
Cost of removal payments (10,268,000) (10,518,000)
Net cash used in investing activities (317,679,000) (154,942,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 190,000,000 0
Repayments under revolving credit facilities (150,000,000) 0
Borrowings under revolving credit facilities 92,000,000 0
Short-term borrowings from affiliate 1,050,000,000 0
Repayments of Short-term Debt (392,000,000) 0
Distributions to shareholders 26,720,000 31,395,000
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (52,000) 0
Payments for financing fees (13,892,000) (11,000)
Proceeds received from termination of interest rate swaps 23,114,000 0
Net cash provided by / (used in) financing activities 772,450,000 (31,406,000)
Net change in cash, cash equivalents and restricted cash 406,638,000 (34,096,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 435,222,000 167,457,000
Cash paid during the period for:    
Interest (net of amount capitalized) 20,885,000 14,562,000
Non-cash investing activities:    
Capital Expenditures Incurred but Not yet Paid 135,433,000 53,587,000
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 72,008,000 899,000
Change in Right-of-Use Asset Lease Liability $ (69,858,000) $ (899,000)