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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net Income $ 73,623 $ 82,398
Items not affecting cash:    
Depreciation and depletion 79,788 71,546
Amortization of debt issue costs, discount and deferred hedge gain 1,987 562
Stock-based compensation costs 3,361 2,331
Equity portion of allowance for funds used during construction (1,608) (3,971)
Loss (gain) on disposition of assets 1,054 (87)
Deferred income taxes 5,535 19,919
Changes in current assets and liabilities:    
Restricted cash 46 (12)
Accounts receivable 38,577 40,591
Inventories 3,535 4,032
Other current assets (7,365) (1,040)
Accounts payable (17,595) (30,186)
Accrued expenses 786 (30,881)
Regulatory assets 10,865 20,579
Regulatory liabilities (55,614) 4,389
Other noncurrent assets (3,099) (1,014)
Other noncurrent liabilities 7,118 11,182
Cash Provided by Operating Activities 140,994 190,338
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (121,246) (131,170)
Acquisitions 0 (492)
Proceeds from sale of assets 137 80
Change in restricted cash 0 9,153
Cash Used in Investing Activities (121,109) (122,429)
FINANCING ACTIVITIES:    
Treasury stock activity (1,614) (1,008)
Dividends on common stock (47,865) (44,760)
Issuance of long-term debt 60,000 200,000
Repayments on long-term debt (55,000) (150,016)
Issuances (repayments) of short-term borrowings, net 26,932 (47,931)
Financing costs (5,349) (11,688)
Cash Used in Financing Activities (22,896) (55,403)
(Decrease) Increase in Cash and Cash Equivalents (3,011) 12,506
Cash and Cash Equivalents, beginning of period 11,980 20,362
Cash and Cash Equivalents, end of period 8,969 32,868
Cash (received) paid during the period for:    
Income taxes (2,922) 27
Interest 42,861 44,611
Significant non-cash transactions:    
Capital expenditures included in trade accounts payable $ 11,054 $ 9,199