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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATIONS:    
Net income $ 35,657,000 $ 27,121,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 163,353,000 140,271,000
Amortization of deferred financing costs and debt discounts 1,884,000 1,919,000
Deferred income taxes and investment tax credit adjustments - net 5,984,000 33,750,000
Allowance for equity funds used during construction (2,100,000) (3,955,000)
Gain (Loss) on Disposition of Intangible Assets 1,537,000 0
Change in certain assets and liabilities:    
Accounts receivable (56,359,000) 41,473,000
Inventories 6,263,000 (12,834,000)
Accounts payable (27,191,000) 11,308,000
Accrued and other current liabilities (8,997,000) 1,252,000
Accrued taxes payable/receivable 15,043,000 (29,893,000)
Accrued interest 12,795,000 (810,000)
Pension and other postretirement benefit assets and liabilities 1,227,000 854,000
Current and non-current regulatory assets and liabilities (101,421,000) 129,825,000
Prepayments and other current assets 10,471,000 24,175,000
Increase (Decrease) in Other Noncurrent Liabilities 2,007,000 (13,793,000)
Other - net (8,464,000) (11,387,000)
Net cash provided by operating activities 30,747,000 290,926,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (537,870,000) (308,277,000)
Project development costs (1,178,000) (3,269,000)
Payments to Acquire Businesses, Net of Cash Acquired (47,948,000) 0
Cost of removal payments (17,259,000) (26,385,000)
Net cash used in investing activities (604,255,000) (333,031,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 475,000,000 0
Repayments under revolving credit facilities (390,000,000) 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
Retirement of long-term borrowings (405,000,000) 0
Distributions to shareholders 57,094,000 66,941,000
Proceeds from Contributions from Parent 150,000,000 0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (675,000) 0
Noncontrolling Interest, Increase from Sale of Parent Equity Interest (46,935,000) 0
Payments for financing fees (13,922,000) (11,000)
Proceeds received from termination of interest rate swaps 23,114,000 0
Payments of Financing Costs (21,000) (313,000)
Net cash provided by / (used in) financing activities 578,337,000 (67,265,000)
Net change in cash, cash equivalents and restricted cash 4,829,000 (109,370,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 33,413,000 92,183,000
Cash paid during the period for:    
Interest (net of amount capitalized) 72,191,000 63,642,000
Non-cash investing activities:    
Capital Expenditures Incurred but Not yet Paid 122,492,000 70,677,000
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 72,066,000 1,380,000
Change in Right-of-Use Asset Lease Liability (69,114,000) 1,380,000
Proceeds from Insurance Settlement, Investing Activities $ 0 $ 4,900,000