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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,086 $ 2,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,319 2,315
Deferred income taxes, net 1,237 543
Stock compensation 34 0
AFUDC, equity portion (47) (16)
Changes in assets and liabilities:    
Accounts receivable, net of allowance for doubtful accounts 1,615 541
Income taxes receivable (73) 1,300
Unbilled operating revenues (96) (123)
Materials and supplies (48) (52)
Prepaid property taxes 841 784
Prepaid expenses and other 198 206
Other deferred assets (160) (175)
Regulatory assets 84 163
Accounts payable (1,191) (1,862)
Accrued expenses 1,197 247
Accrued interest 250 133
Customer deposits and other, net 868 104
NET CASH PROVIDED BY OPERATING ACTIVITIES 10,114 6,938
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (net of AFUDC, equity portion) (7,664) (4,270)
Proceeds from sale of assets 9 19
NET CASH USED IN INVESTING ACTIVITIES (7,655) (4,251)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under lines of credit agreements (3,238) (4,021)
Increase in overdraft payable 742 425
Net advances and contributions in aid of construction 2,128 3,214
Net proceeds from issuance of common stock 414 386
Dividends paid (2,084) (2,010)
Debt issuance costs (148) 0
Principal repayments of long-term debt (290) (379)
NET CASH USED IN FINANCING ACTIVITIES (2,476) (2,385)
NET (DECREASE)INCREASE IN CASH AND CASH EQUIVALENTS (17) 302
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 226 209
CASH AND CASH EQUIVALENTS AT END OF PERIOD 209 511
Supplemental Disclosures of Cash Flow Information:    
Utility plant received as construction advances and contributions 443 0
Interest paid 1,307 1,570
Income taxes paid $ 515 $ 106