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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net Income $ 50,704 $ 72,806
Items not affecting cash:    
Depreciation and depletion 45,265 45,584
Amortization of debt issue costs, discount and deferred hedge gain 1,167 1,157
Stock-based compensation costs 3,042 2,418
Equity portion of allowance for funds used during construction (895) (969)
Loss (gain) on disposition of assets 7 (164)
Deferred income taxes 170 708
Changes in current assets and liabilities:    
Accounts receivable 11,494 (7,267)
Inventories 689 3,260
Other current assets 2,470 984
Accounts payable (6,379) 3,954
Accrued expenses 35,810 27,781
Regulatory assets 9,845 (11,700)
Regulatory liabilities 8,259 (23,509)
Other noncurrent assets (802) (1,216)
Other noncurrent liabilities (2,684) (2,403)
Cash Provided by Operating Activities 158,162 111,424
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (78,371) (65,577)
Cash Used in Investing Activities (78,371) (65,577)
FINANCING ACTIVITIES:    
Treasury stock activity (2,492) 797
Dividends on common stock (30,085) (28,781)
Line of credit borrowings (repayments), net 6,000 (22,000)
Financing costs (141) (140)
Cash Used in Financing Activities (26,718) (50,124)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 53,073 (4,277)
Cash, Cash Equivalents, and Restricted Cash, beginning of period 12,070 15,311
Cash, Cash Equivalents, and Restricted Cash, end of period 65,143 11,034
Cash paid during the period for:    
Income taxes 55 68
Interest 14,554 13,278
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 10,008 $ 12,643