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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 511,406 $ 603,064 $ 396,421
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 391,456 361,083 319,633
Deferred income taxes 132,004 158,271 227,183
One-time income tax benefit 0 (158,782) 0
Gain on sale of discontinued operations 0 0 (12,931)
Discontinued cash flow hedging for commodity contracts 0 0 (10,579)
Stock-based compensation 11,121 12,863 14,064
Amortization of debt issuance costs 9,464 7,865 6,469
Equity Component of AFUDC (11,165) 0 0
Other 1,169 5,437 97
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable 18,724 (29,208) (58,696)
(Increase) decrease in gas stored underground 35,594 18,921 (35,126)
(Increase) decrease in other current assets (26,590) 60,424 9,991
(Increase) decrease in deferred charges and other assets (58,403) (10,049) 102,254
Increase (decrease) in accounts payable and accrued liabilities 9,908 (11,857) 53,017
Increase (decrease) in other current liabilities (103,895) 74,707 (78,651)
Increase (decrease) in deferred credits and other liabilities 47,976 31,923 (66,056)
Net cash provided by operating activities 968,769 1,124,662 867,090
CASH FLOWS USED IN INVESTING ACTIVITIES      
Capital expenditures (1,693,477) (1,467,591) (1,137,089)
Acquisition 0 0 (86,128)
Proceeds from the sale of discontinued operations 4,000 3,000 140,253
Purchases of debt and equity securities (29,153) (46,401) (53,597)
Proceeds from sale of debt and equity securities 6,070 22,360 31,792
Maturities of debt securities 20,299 15,716 9,332
Use tax refund 0 790 29,790
Other, net 8,601 8,560 9,341
Net cash used in investing activities (1,683,660) (1,463,566) (1,056,306)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in short-term debt (110,865) 128,035 (382,066)
Proceeds from issuance of long-term debt, net of premium/discount 1,045,221 0 884,911
Net proceeds from equity offering 694,103 395,092 98,755
Issuance of common stock through stock purchase and employee retirement plans 19,323 19,563 26,523
Settlement of interest rate swaps (90,141) 0 (36,996)
Interest rate swaps cash collateral 0 0 25,670
Repayment of long-term debt (575,000) 0 (250,000)
Cash dividends paid (245,717) (214,906) (191,931)
Debt issuance costs (11,254) 0 (6,775)
Other 0 (1,518) 0
Net cash provided by financing activities 725,670 326,266 168,091
Net increase (decrease) in cash and cash equivalents 10,779 (12,638) (21,125)
Cash and cash equivalents at beginning of year 13,771 26,409 47,534
Cash and cash equivalents at end of year $ 24,550 $ 13,771 $ 26,409