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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 774,398 $ 665,563 $ 601,443
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 535,655 477,977 429,828
Deferred income taxes 53,651 155,355 155,322
One-time income tax benefit 0 0 (20,962)
Stock-based compensation 10,743 11,255 9,583
Amortization of debt issuance costs 9,141 14,030 11,543
Equity component of AFUDC (45,505) (32,749) (23,493)
Other 3,265 3,731 8,411
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (34,325) (113,665) 7,167
(Increase) decrease in gas stored underground (179,825) (66,166) 18,188
Increase in Winter Storm Uri current regulatory asset (see Note 9) 0 (2,003,659) 0
Increase in other current assets (65,979) (84,705) (35,878)
Increase in Winter Storm Uri long-term regulatory asset (see Note 9) 0 (76,652) 0
(Increase) decrease in deferred charges and other assets 13,287 136,809 (31,935)
Increase in accounts payable and accrued liabilities 40,394 104,242 7,359
Decrease in other current liabilities (152,274) (166,268) (129,543)
Increase (decrease) in deferred credits and other liabilities 14,958 (109,349) 30,966
Net cash provided by (used in) operating activities 977,584 (1,084,251) 1,037,999
CASH FLOWS USED IN INVESTING ACTIVITIES      
Capital expenditures (2,444,420) (1,969,540) (1,935,676)
Purchases of debt and equity securities (28,285) (49,879) (50,517)
Proceeds from sale of debt and equity securities 4,872 14,957 32,339
Maturities of debt securities 27,586 28,850 18,669
Other, net 10,289 11,957 9,667
Net cash used in investing activities (2,429,958) (1,963,655) (1,925,518)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in short-term debt 184,967 0 (464,915)
Proceeds from issuance of long-term debt, net of premium/discount 798,802 2,797,346 999,450
Net proceeds from equity offering 776,805 606,667 624,302
Issuance of common stock through stock purchase and employee retirement plans 15,403 15,841 19,548
Settlement of interest rate swaps 197,073 62,159 (4,426)
Repayment of long-term debt (200,000) 0 0
Cash dividends paid (375,914) (323,904) (282,444)
Debt issuance costs (8,196) (14,288) (7,738)
Other (1,735) 0 0
Net cash provided by financing activities 1,387,205 3,143,821 883,777
Net increase (decrease) in cash and cash equivalents (65,169) 95,915 (3,742)
Cash and cash equivalents at beginning of year 116,723 20,808 24,550
Cash and cash equivalents at end of year $ 51,554 $ 116,723 $ 20,808