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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 10,477 $ 19,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,582 39,328
Change in value of life insurance contracts 817 (1,208)
Allowance for equity funds used during construction (1,621) (1,658)
Changes in operating assets and liabilities:    
Receivables and unbilled revenue (14,431) (35,533)
Accounts payable 6,417 3,242
Other current assets (4,207) (7,048)
Other current liabilities (4,168) (747)
Other changes in noncurrent assets and liabilities 13,705 19,687
Net cash provided by operating activities 49,571 35,726
Investing activities:    
Utility plant expenditures (133,900) (108,712)
Life insurance proceeds 2,054 450
Purchase of life insurance contracts (2,054) (1,216)
Net cash used in investing activities (133,900) (109,478)
Financing activities:    
Short-term borrowings 111,000 140,000
Repayment of short-term borrowings (61,000) (47,000)
Repayment of long-term debt (12,264) (2,407)
Advances and contributions in aid of construction 8,385 10,312
Refunds of advances for construction (3,498) (4,430)
Repurchase of common stock (1,364) (1,236)
Dividends paid (18,017) (17,278)
Net cash provided by financing activities 23,242 77,961
Change in cash, cash equivalents, and restricted cash (61,087) 4,209
Cash, cash equivalents, and restricted cash at beginning of period 95,352 25,935
Cash, cash equivalents, and restricted cash at end of period 34,265 30,144
Supplemental information:    
Cash paid for interest (net of amounts capitalized) 17,344 15,932
Income tax refund 0 (1,697)
Supplemental disclosure of non-cash activities:    
Accrued payables for investments in utility plant 30,696 28,494
Utility plant contribution by developers $ 8,653 $ 7,212