XML 40 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,045 $ 4,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,293 4,099
Deferred income taxes, net 558 884
Stock compensation 67 55
AFUDC, equity portion (94) (94)
Changes in assets and liabilities:    
Accounts receivable, net of allowance for doubtful accounts (411) 209
Unbilled operating revenues 158 (596)
Materials and supplies (261) (119)
Prepaid property taxes 1,488 1,326
Prepaid expenses and other (133) 263
Other deferred assets (173) (153)
Regulatory assets (45) 34
Accounts payable (798) (1,557)
Accrued expenses 1,583 647
Accrued interest (17) (3)
Customer deposits and other, net (232) 199
NET CASH PROVIDED BY OPERATING ACTIVITIES 10,028 9,345
CASH FLOWS USED IN INVESTING ACTIVITIES    
Capital expenditures (net of AFUDC, equity portion) (9,704) (8,541)
Proceeds from sale of assets 13 12
NET CASH USED IN INVESTING ACTIVITIES (9,691) (8,529)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings (repayments) under lines of credit agreements 307 (2,017)
Increase in overdraft payable 136 128
Net advances and contributions in aid of construction 1,655 3,207
Change in deferred debt issuance costs 60 60
Net proceeds from issuance of common stock 1,216 1,423
Dividends paid (3,724) (3,565)
Issuance of long-term debt 548 385
Principal repayments of long-term debt (563) (553)
NET CASH USED IN FINANCING ACTIVITIES (365) (932)
NET DECREASE IN CASH AND CASH EQUIVALENTS (28) (116)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 422 617
CASH AND CASH EQUIVALENTS AT END OF PERIOD 394 501
Supplemental Disclosures of Cash Flow Information:    
Utility plant received as construction advances and contributions 50 358
Interest paid 3,496 3,512
Income taxes paid $ 1,573 $ 1,069