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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 601,443 $ 511,406 $ 603,064
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 429,828 391,456 361,083
Deferred income taxes 155,322 132,004 158,271
One-time income tax benefit (20,962) 0 (158,782)
Stock-based compensation 9,583 11,121 12,863
Amortization of debt issuance costs 11,543 9,464 7,865
Equity component of AFUDC (23,493) (11,165) 0
Other 8,411 1,169 5,437
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable 7,167 18,724 (29,208)
Decrease in gas stored underground 18,188 35,594 18,921
(Increase) decrease in other current assets (35,878) (26,590) 60,424
Increase in deferred charges and other assets (31,935) (58,403) (10,049)
Increase (decrease) in accounts payable and accrued liabilities 7,359 9,908 (11,857)
Increase (decrease) in other current liabilities (129,543) (103,895) 74,707
Increase in deferred credits and other liabilities 30,966 47,976 31,923
Net cash provided by operating activities 1,037,999 968,769 1,124,662
CASH FLOWS USED IN INVESTING ACTIVITIES      
Capital expenditures (1,935,676) (1,693,477) (1,467,591)
Proceeds from the sale of discontinued operations 0 4,000 3,000
Purchases of debt and equity securities (50,517) (29,153) (46,401)
Proceeds from sale of debt and equity securities 32,339 6,070 22,360
Maturities of debt securities 18,669 20,299 15,716
Other, net 9,667 8,601 9,350
Net cash used in investing activities (1,925,518) (1,683,660) (1,463,566)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in short-term debt (464,915) (110,865) 128,035
Proceeds from issuance of long-term debt, net of premium/discount 999,450 1,045,221 0
Net proceeds from equity offering 624,302 694,103 395,092
Issuance of common stock through stock purchase and employee retirement plans 19,548 19,323 19,563
Settlement of interest rate swaps (4,426) (90,141) 0
Repayment of long-term debt 0 (575,000) 0
Cash dividends paid (282,444) (245,717) (214,906)
Debt issuance costs (7,738) (11,254) 0
Other 0 0 (1,518)
Net cash provided by financing activities 883,777 725,670 326,266
Net increase (decrease) in cash and cash equivalents (3,742) 10,779 (12,638)
Cash and cash equivalents at beginning of year 24,550 13,771 26,409
Cash and cash equivalents at end of year $ 20,808 $ 24,550 $ 13,771