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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Net Income $ 164,172 $ 151,209 $ 120,686
Items not affecting cash:      
Depreciation and depletion 159,336 144,702 123,776
Amortization of debt issue costs, discount and deferred hedge gain 2,117 2,258 5,033
Stock-based compensation costs 6,731 5,082 3,262
Equity portion of allowance for funds used during construction (4,589) (8,684) (6,554)
Gain on disposition of assets (15) (20) (1,330)
Deferred income taxes (8,184) 33,886 (9,612)
Changes in current assets and liabilities:      
Restricted cash 2,208 6,920 (6,408)
Accounts receivable (5,146) 9,069 12,622
Inventories 4,252 1,636 747
Other current assets (2,384) 5,514 4,201
Accounts payable 3,639 (11,169) (9,565)
Accrued expenses 25,124 (22,738) 8,530
Regulatory assets 1,871 (3,974) (8,952)
Regulatory liabilities (54,629) 24,821 9,763
Other noncurrent assets (7,311) (5,584) 2,853
Other noncurrent liabilities 1,820 6,890 987
Cash Provided by Operating Activities 289,012 339,818 250,039
INVESTING ACTIVITIES:      
Property, plant, and equipment additions (287,901) (283,705) (270,384)
Acquisitions 0 (146,668) (903,573)
Proceeds from sale of assets 1,354 30,209 1,535
Change in restricted cash 0 16,108 (16,358)
Investment in New Market Tax Credit program 0 0 (18,169)
Cash Used in Investing Activities (286,547) (384,056) (1,206,949)
FINANCING ACTIVITIES:      
Dividends on common stock (95,765) (90,058) (65,019)
Proceeds from issuance of common stock, net 0 56,651 399,207
Issuance of long-term debt 249,660 270,000 505,789
Repayment of long-term debt (225,205) (150,025) (90)
Issuances (repayments) of short-term borrowings, net 70,937 (37,966) 126,890
Treasury stock activity (561) (664) (814)
Financing costs (8,432) (12,082) (5,248)
Cash (Used In) Provided by Financing Activities (9,366) 35,856 960,715
Net (Decrease) Increase in Cash and Cash Equivalents (6,901) (8,382) 3,805
Cash and Cash Equivalents, beginning of period 11,980 20,362 16,557
Cash and Cash Equivalents, end of period $ 5,079 $ 11,980 $ 20,362