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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net Income $ 72,806 $ 58,499
Items not affecting cash:    
Depreciation and depletion 45,584 43,755
Amortization of debt issue costs, discount and deferred hedge gain 1,157 1,171
Stock-based compensation costs 2,418 2,496
Equity portion of allowance for funds used during construction (969) (618)
(Gain) loss on disposition of assets (164) 15
Deferred income taxes 708 2,143
Changes in current assets and liabilities:    
Accounts receivable (7,267) 12,012
Inventories 3,260 8,718
Other current assets 984 3,258
Accounts payable 3,954 (21,605)
Accrued expenses 27,781 41,802
Regulatory assets (11,700) 13,208
Regulatory liabilities (23,509) 2,205
Other noncurrent assets (1,216) (1,505)
Other noncurrent liabilities (2,403) 7,474
Cash Provided by Operating Activities 111,424 173,028
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (65,577) (52,005)
Cash Used in Investing Activities (65,577) (52,005)
FINANCING ACTIVITIES:    
Treasury stock activity 797 1,574
Dividends on common stock (28,781) (26,945)
Line of credit repayments, net (22,000) 0
Line of credit borrowings 0 578,000
Line of credit repayments 0 (355,000)
Repayments of short-term borrowings, net 0 (319,556)
Financing costs (140) (225)
Cash Used in Financing Activities (50,124) (122,152)
Decrease in Cash, Cash Equivalents, and Restricted Cash (4,277) (1,129)
Cash, Cash Equivalents, and Restricted Cash, beginning of period 15,311 12,029
Cash, Cash Equivalents, and Restricted Cash, end of period 11,034 10,900
Cash paid during the period for:    
Income taxes 68 55
Interest 13,278 12,172
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 12,643 $ 7,135