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Consolidated Statements Of Cash Flow - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 199,376 $ 183,689
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 78,346 72,944
Deferred income taxes (19,774) 19,335
Provision for doubtful accounts 5,991 8,921
Stock-based compensation 2,732 2,724
Gain on sale of utility systems and other assets (19) (91)
Net change in receivables, inventory and prepayments 49,050 30,261
Net change in payables, accrued interest, accrued taxes and other accrued liabilities (5,354) (53,756)
Pension and other postretirement benefits contributions (6,363)
Other 256 (2,183)
Net cash flows from operating activities 310,604 255,481
Cash flows from investing activities:    
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $1,449 and $170 (183,322) (178,009)
Acquisitions of utility systems, net (50,009)
Net proceeds from the sale of other assets 19 100
Other 80 197
Net cash flows used in investing activities (233,232) (177,712)
Cash flows from financing activities:    
Customers' advances and contributions in aid of construction 2,962 4,716
Repayments of customers' advances (159) (971)
Net proceeds (repayments) of short-term debt 14,744 (3,305)
Proceeds from long-term debt 165,000 85,000
Repayments of long-term debt (67,023) (46,305)
Change in cash overdraft position (81,722) (44,003)
Proceeds from issuance of common stock under dividend reinvestment plan 4,117 4,161
Proceeds from exercised stock options 1,012 714
Repurchase of common stock (1,012) (3,262)
Dividends paid on common stock (67,821) (61,520)
Other 261 225
Net cash flows from financing activities (29,641) (64,550)
Net change in cash and cash equivalents 47,731 13,219
Cash and cash equivalents at beginning of period 10,567 4,827
Cash and cash equivalents at end of period 58,298 18,046
Non-cash investing activities:    
Property, plant and equipment additions purchased at the period end, but not yet paid for 74,451 73,014
Non-cash customer advances and contributions in aid of construction $ 1,829 $ 8,997