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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 33,585 $ 36,540
Adjustments to reconcile net income to net cash:    
Depreciation and amortization 48,946 47,406
Change in value of life insurance contracts (915) 758
Changes in operating assets and liabilities:    
Receivables and unbilled revenue (13,352) (18,412)
Accounts payable 8,940 7,245
Other current assets (1,743) (2,428)
Other current liabilities 13,982 11,939
Other changes in noncurrent assets and liabilities 33,749 33,476
Net cash provided by operating activities 123,192 116,524
Investing activities:    
Utility plant expenditures (166,406) (118,309)
Life insurance proceeds 495 0
Purchase of life insurance contracts (2,710) (1,855)
Change in restricted cash (685) (241)
Net cash used in investing activities (169,306) (120,405)
Financing activities:    
Short-term borrowings 105,100 82,500
Repayment of short-term borrowings (81,615) (25,000)
Proceeds from long-term debt, net of issuance costs of $177 for 2016, $0 for 2015 49,823 50
Short-term borrowings issuance costs 0 (1,197)
Repayment of long-term debt (2,865) (2,878)
Advances and contributions in aid of construction 18,186 10,741
Refunds of advances for construction (5,194) (5,050)
Dividends paid (24,807) (24,047)
Net cash provided by financing activities 58,628 35,119
Change in cash and cash equivalents 12,514 31,238
Cash and cash equivalents at beginning of period 8,837 19,587
Cash and cash equivalents at end of period 21,351 50,825
Supplemental information:    
Cash paid for interest (net of amounts capitalized) 13,889 13,618
Supplemental disclosure of non-cash activities:    
Accrued payables for investments in utility plant 26,767 24,856
Utility plant contribution by developers $ 12,104 $ 5,573