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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES:    
Net Income $ 135,504 $ 101,664
Items not affecting cash:    
Depreciation and depletion 140,896 134,336
Amortization of debt issuance costs, discount and deferred hedge gain 3,951 3,604
Stock-based compensation costs 5,850 5,347
Equity portion of allowance for funds used during construction (7,829) (4,503)
Loss (gain) on disposition of assets 6,536 (26)
Deferred income taxes (681) (3,759)
Changes in current assets and liabilities:    
Accounts receivable 28,901 34,290
Inventories (23,400) (15,130)
Other current assets (8,442) (4,194)
Accounts payable (12,472) (4,181)
Accrued expenses 85,015 67,553
Regulatory assets (67,672) 7,372
Regulatory liabilities (32,941) 13,433
Other noncurrent assets 610 (1,825)
Other noncurrent liabilities (32,216) (11,466)
Cash Provided by Operating Activities 221,610 322,515
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (311,160) (282,987)
Investment in equity securities (655) (42)
Cash Used in Investing Activities (311,815) (283,029)
FINANCING ACTIVITIES:    
Treasury stock activity 359 (1,723)
Proceeds from issuance of common stock, net 121,066 0
Dividends on common stock (95,148) (90,260)
Issuance of long-term debt, net 99,915 150,000
Payment for Debt Extinguishment or Debt Prepayment Cost (955) 0
Line of credit borrowings (repayments), net 73,000 (193,000)
(Repayments) issuance of short-term borrowings (100,000) 100,000
Financing costs (909) (2,564)
Cash Provided by (Used in) Financing Activities 97,328 (37,547)
Increase in Cash, Cash Equivalents, and Restricted Cash 7,123 1,939
Cash, Cash Equivalents, and Restricted Cash, beginning of period 17,096 12,070
Cash, Cash Equivalents, and Restricted Cash, end of period  24,219 14,009
Cash paid during the period for:    
Income taxes 3,630 100
Interest 57,473 55,220
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 23,500 $ 15,986