XML 25 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 665,563 $ 601,443 $ 511,406
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 477,977 429,828 391,456
Deferred income taxes 155,355 155,322 132,004
One-time income tax benefit 0 (20,962) 0
Stock-based compensation 11,255 9,583 11,121
Amortization of debt issuance costs 14,030 11,543 9,464
Equity component of AFUDC (32,749) (23,493) (11,165)
Other 3,731 8,411 1,169
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (113,665) 7,167 18,724
(Increase) decrease in gas stored underground (66,166) 18,188 35,594
Increase in Winter Storm Uri current regulatory asset (see Note 9) (2,003,659) 0 0
Increase in other current assets (84,705) (35,878) (26,590)
Increase in Winter Storm Uri long-term regulatory asset (see Note 9) (76,652) 0 0
(Increase) decrease in deferred charges and other assets 136,809 (31,935) (58,403)
Increase in accounts payable and accrued liabilities 104,242 7,359 9,908
Decrease in other current liabilities (166,268) (129,543) (103,895)
Increase (decrease) in deferred credits and other liabilities (109,349) 30,966 47,976
Net cash provided by (used in) operating activities (1,084,251) 1,037,999 968,769
CASH FLOWS USED IN INVESTING ACTIVITIES      
Capital expenditures (1,969,540) (1,935,676) (1,693,477)
Proceeds from the sale of discontinued operations 0 0 4,000
Purchases of debt and equity securities (49,879) (50,517) (29,153)
Proceeds from sale of debt and equity securities 14,957 32,339 6,070
Maturities of debt securities 28,850 18,669 20,299
Other, net 11,957 9,667 8,601
Net cash used in investing activities (1,963,655) (1,925,518) (1,683,660)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net decrease in short-term debt 0 (464,915) (110,865)
Proceeds from issuance of long-term debt, net of premium/discount 2,797,346 999,450 1,045,221
Net proceeds from equity offering 606,667 624,302 694,103
Issuance of common stock through stock purchase and employee retirement plans 15,841 19,548 19,323
Settlement of interest rate swaps 62,159 (4,426) (90,141)
Repayment of long-term debt 0 0 (575,000)
Cash dividends paid (323,904) (282,444) (245,717)
Debt issuance costs (14,288) (7,738) (11,254)
Net cash provided by financing activities 3,143,821 883,777 725,670
Net increase (decrease) in cash and cash equivalents 95,915 (3,742) 10,779
Cash and cash equivalents at beginning of year 20,808 24,550 13,771
Cash and cash equivalents at end of year $ 116,723 $ 20,808 $ 24,550