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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net Income $ 62,530 $ 59,110
Items not affecting cash:    
Depreciation and depletion 53,248 48,905
Amortization of debt issuance costs, discount and deferred hedge gain 1,349 1,270
Stock-based compensation costs 3,308 2,757
Equity portion of allowance for funds used during construction (3,715) (3,116)
Loss on disposition of assets (18) (1)
Deferred income taxes (10,420) (6,558)
Changes in current assets and liabilities:    
Accounts receivable 26,208 24,936
Inventories 14,814 10,005
Other current assets 4,714 1,181
Accounts payable (44,193) (3,432)
Accrued expenses and other 58,236 46,119
Regulatory assets 49,391 14,961
Regulatory liabilities (1,378) (1,003)
Other noncurrent assets 1,290 7,153
Other noncurrent liabilities (1,665) (6,621)
Cash Provided by Operating Activities 213,699 195,666
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (136,604) (115,502)
Investment in equity securities 0 (567)
Cash Used in Investing Activities (136,604) (116,069)
FINANCING ACTIVITIES:    
Dividends on common stock (38,041) (33,901)
Issuance of long-term debt 220,000 0
Line of credit repayments, net (253,000) (33,000)
Other financing activities, net (1,415) (560)
Cash Used in Financing Activities (72,456) (67,461)
Increase in Cash, Cash Equivalents, and Restricted Cash 4,639 12,136
Cash, Cash Equivalents, and Restricted Cash, beginning of period 22,463 18,762
Cash, Cash Equivalents, and Restricted Cash, end of period  27,102 30,898
Cash paid during the period for:    
Income taxes 3,204 0
Interest 18,196 14,152
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 12,209 $ 17,156