Restricted Cash and Investments

9 Months Ended

Sep. 30, 2023

Restricted Investments Note [Abstract]

Restricted Cash and Investments

Restricted Cash and Investments.    Restricted investments consisted of funds on deposit with the Rural Utilities Service in the Cushion of Credit Account that were held by the U.S. Treasury, acting through the Federal Financing Bank. At December 31, 2022, we had restricted investments totaling $74,031,000, all of which were classified as current. During the three-month period ended March 31, 2023, we utilized all of our restricted investments for scheduled Rural Utilities Service-guaranteed Federal Financing Bank debt service payments. No restricted investments were held at September 30, 2023.

Restricted cash consists of collateral posted by our counterparties under our natural gas swap agreements. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited consolidated balance sheets that sum to the total of the same such amounts reported in the unaudited consolidated statements of cash flows.

Classification
	Nine months ended
	September 30, 2023		September 30, 2022
	(dollars in thousands)
Cash and cash equivalents	$	484,237	$	572,828
Restricted cash included in restricted cash and short-term investments	7,100		67,600
Total cash, cash equivalents and restricted cash reported in the consolidated statements of cash flows	$	491,337	$	640,428