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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities    
Net income $ 217,678 $ 178,673
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 115,285 105,062
Deferred income taxes 64,587 46,726
Other (2,976) (616)
Net assets / liabilities from risk management activities (816) 4,143
Net change in operating assets and liabilities (236,689) (161,543)
Net cash provided by operating activities 157,069 172,445
Cash Flows From Investing Activities    
Capital expenditures (456,809) (529,186)
Debt and equity securities activities, net 511 (1,602)
Other, net 2,706 2,553
Net cash used in investing activities (453,592) (528,235)
Cash Flows From Financing Activities    
Net decrease in short-term debt 0 (464,915)
Net proceeds from equity offering 216,002 259,005
Issuance of common stock through stock purchase and employee retirement plans 4,007 4,267
Proceeds from issuance of long-term debt 597,390 799,450
Cash dividends paid (79,023) (69,557)
Debt issuance costs (5,062) (7,738)
Net cash provided by financing activities 733,314 520,512
Net increase in cash and cash equivalents 436,791 164,722
Cash and cash equivalents at beginning of period 20,808 24,550
Cash and cash equivalents at end of period $ 457,599 $ 189,272