XML 19 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net Income $ 38,054 $ 51,425
Items not affecting cash:    
Depreciation and depletion 39,890 35,819
Amortization of debt issue costs, discount and deferred hedge gain 979 287
Stock-based compensation costs 2,242 1,246
Equity portion of allowance for funds used during construction (652) (1,707)
Gain on disposition of assets (55) (88)
Deferred income taxes 4,890 9,007
Changes in current assets and liabilities:    
Restricted cash (197) 165
Accounts receivable 19,427 14,636
Inventories 6,825 7,057
Other current assets (3,374) 1,004
Accounts payable (11,303) (23,179)
Accrued expenses 38,023 12,653
Regulatory assets 10,550 16,770
Regulatory liabilities (2,971) 840
Other noncurrent assets (1,485) (782)
Other noncurrent liabilities 1,293 1,648
Cash Provided by Operating Activities 142,136 126,801
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (51,318) (56,538)
Proceeds from sale of assets 51 80
Change in restricted cash 0 4,806
Cash Used in Investing Activities (51,267) (51,652)
FINANCING ACTIVITIES:    
Treasury stock activity (1,788) (1,991)
Dividends on common stock (23,922) (22,376)
Repayments on long-term debt 0 (7)
Repayments of short-term borrowings, net (67,961) (57,936)
Financing costs (151) (1,092)
Cash Used in Financing Activities (93,822) (83,402)
Decrease in Cash and Cash Equivalents (2,953) (8,253)
Cash and Cash Equivalents, beginning of period 11,980 20,362
Cash and Cash Equivalents, end of period 9,027 12,109
Cash (received) paid during the period for:    
Income taxes (2,948) 27
Interest 12,977 12,213
Significant non-cash transactions:    
Capital expenditures included in trade accounts payable $ 5,805 $ 6,395