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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net Income $ 120,468 $ 102,286
Items not affecting cash:    
Depreciation and depletion 86,600 87,296
Amortization of debt issue costs, discount and deferred hedge gain 2,317 2,333
Stock-based compensation costs 3,597 3,738
Equity portion of allowance for funds used during construction (2,318) (1,531)
(Gain) loss on disposition of assets (176) 11
Deferred income taxes (16,547) 5,019
Changes in current assets and liabilities:    
Accounts receivable 36,348 52,307
Inventories (966) 5,734
Other current assets (437) (2,801)
Accounts payable (19,683) (23,849)
Accrued expenses (20,781) 5,266
Regulatory assets (13,106) 10,118
Regulatory liabilities (23,652) 10,325
Other noncurrent assets (3,059) (3,908)
Other noncurrent liabilities (3,992) (5,217)
Cash Provided by Operating Activities 144,613 247,127
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (147,027) (116,456)
Acquisitions 0 (18,517)
Cash Used in Investing Activities (147,027) (134,973)
FINANCING ACTIVITIES:    
Treasury stock activity 999 1,773
Proceeds from issuance of common stock, net 0 44,865
Dividends on common stock (57,562) (54,253)
Issuance of long-term debt 50,000 0
Line of credit borrowings, net 7,000 0
Line of credit borrowings 0 1,129,000
Line of credit repayments 0 (913,000)
Repayments of short-term borrowings, net 0 (319,556)
Financing costs (875) (100)
Cash Used in Financing Activities (438) (111,271)
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (2,852) 883
Cash, Cash Equivalents, and Restricted Cash, beginning of period 15,311 12,029
Cash, Cash Equivalents, and Restricted Cash, end of period 12,459 12,912
Cash paid during the period for:    
Income taxes 68 55
Interest 42,100 38,890
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 13,543 $ 11,266