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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities    
Net income $ 351,858 $ 311,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 180,533 164,608
Deferred income taxes 71,107 44,108
Other (19,279) (16,839)
Net assets / liabilities from risk management activities 1,891 5,589
Net change in other operating assets and liabilities (304,088) (263,478)
Net cash provided by operating activities 282,022 245,280
Cash Flows From Investing Activities    
Capital expenditures (891,191) (769,650)
Debt and equity securities activities, net (490) (78)
Other, net 2,740 5,353
Net cash used in investing activities (888,941) (764,375)
Cash Flows From Financing Activities    
Net decrease in short-term debt 0 (241,933)
Net proceeds from equity issuances 379,490 254,022
Issuance of common stock through stock purchase and employee retirement plans 4,047 3,746
Proceeds from issuance of long-term debt 645,372 898,275
Cash dividends paid (135,453) (119,898)
Debt issuance costs (5,987) (8,920)
Net cash provided by financing activities 887,469 785,292
Net increase in cash and cash equivalents and restricted cash and cash equivalents 280,550 266,197
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 308,856 19,248
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 589,406 $ 285,445