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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net Income $ 58,499 $ 56,567
Items not affecting cash:    
Depreciation and depletion 43,755 41,461
Amortization of debt issue costs, discount and deferred hedge gain 1,171 1,201
Stock-based compensation costs 2,496 2,332
Equity portion of allowance for funds used during construction (618) (984)
Loss (gain) on disposition of assets 15 (86)
Deferred income taxes 2,143 5,410
Changes in current assets and liabilities:    
Accounts receivable 12,012 17,004
Inventories 8,718 6,929
Other current assets 3,258 2,386
Accounts payable (21,605) (15,806)
Accrued expenses 41,802 33,306
Regulatory assets 13,208 17,004
Regulatory liabilities 2,205 (7,330)
Other noncurrent assets (1,505) (3,301)
Other noncurrent liabilities 7,474 1,108
Cash Provided by Operating Activities 173,028 157,201
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (52,005) (51,519)
Proceeds from sale of assets 0 76
Cash Used in Investing Activities (52,005) (51,443)
FINANCING ACTIVITIES:    
Treasury stock activity 1,574 (872)
Dividends on common stock (26,945) (25,194)
Line of credit borrowings 578,000 0
Line of credit repayments (355,000) 0
Repayments of short-term borrowings, net (319,556) (71,910)
Financing costs (225) (2)
Cash Used in Financing Activities (122,152) (97,978)
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (1,129) 7,780
Cash, Cash Equivalents, and Restricted Cash, beginning of period 12,029 9,505
Cash, Cash Equivalents, and Restricted Cash, end of period 10,900 17,285
Cash paid during the period for:    
Income taxes 55 61
Interest 12,172 11,242
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 7,135 $ 6,788