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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net Income $ 72,198 $ 120,468
Items not affecting cash:    
Depreciation and depletion 90,047 86,600
Amortization of debt issuance costs, discount and deferred hedge gain 2,371 2,317
Stock-based compensation costs 4,195 3,597
Equity portion of allowance for funds used during construction (2,318) (2,318)
Loss (gain) on disposition of assets 3 (176)
Deferred income taxes 0 (16,547)
Changes in current assets and liabilities:    
Accounts receivable 42,301 36,348
Inventories (7,299) (966)
Other current assets 570 (437)
Accounts payable (7,319) (19,683)
Accrued expenses 9,382 (20,781)
Regulatory assets 6,912 (13,106)
Regulatory liabilities 12,365 (23,652)
Other noncurrent assets (3,694) (3,059)
Other noncurrent liabilities (495) (3,992)
Cash Provided by Operating Activities 219,219 144,613
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (176,482) (147,027)
Investment in equity securities (37) 0
Cash Used in Investing Activities (176,519) (147,027)
FINANCING ACTIVITIES:    
Treasury stock activity (2,076) 999
Dividends on common stock (60,172) (57,562)
Issuance of long-term debt 150,000 50,000
Line of credit (repayments) borrowings, net (225,000) 7,000
Issuance of short-term borrowings 100,000 0
Financing costs (1,109) (875)
Cash Used in Financing Activities (38,357) (438)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 4,343 (2,852)
Cash, Cash Equivalents, and Restricted Cash, beginning of period 12,070 15,311
Cash, Cash Equivalents, and Restricted Cash, end of period  16,413 12,459
Cash paid during the period for:    
Income taxes 55 68
Interest 42,115 42,100
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 13,835 $ 13,543