XML 99 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities:      
Net income $ 103,539 $ 94,948 $ 88,648
Non-cash items included in net income:      
Depreciation and amortization 113,600 107,626 99,775
Provision for deferred income taxes 24,007 37,734 13,853
Power and natural gas cost amortizations (deferrals), net 21,870 (9,795) 51,359
Amortization of debt expense 4,617 4,414 5,673
Amortization of investment in exchange power 2,450 2,450 2,450
Stock-based compensation expense 5,756 4,916 2,906
Equity-related AFUDC (2,225) (3,353) (3,078)
Other 38,724 35,261 26,147
Payments for settlements with Coeur d' Alene Tribe (2,000) (4,000) (12,000)
Contributions to defined benefit pension plan (26,000) (21,000) (48,000)
Changes in working capital components:      
Accounts and notes receivable 30,616 (19,081) 14,659
Materials and supplies, fuel stock and natural gas stored (3,388) (11,248) 16,245
Other current assets (23,881) (9,230) (3,528)
Accounts payable (18,032) 13,606 (18,444)
Other current liabilities (188) 5,189 22,116
Net cash provided by operating activities 269,465 228,437 258,781
Investing Activities:      
Utility property capital expenditures (excluding equity-related AFUDC) (239,782) (202,227) (205,384)
Other capital expenditures (3,590) (2,429) (3,120)
Federal grant payments received 16,928 7,585  
Cash paid by subsidiaries for acquisitions, net of cash received (31,409) (3,777) (8,572)
Decrease (increase) in money market funds held for clients 78,561 (48,895) 8,507
Purchase of securities available for sale (96,634)    
Sale of securities available for sale 80    
Other (6,435) (3,480) (1,583)
Net cash used in investing activities (282,281) (253,223) (210,152)
Financing Activities:      
Net increase (decrease) in short-term borrowings (49,000) 23,000 (159,500)
Borrowings from Ecova line of credit 35,000 2,300  
Repayment of borrowings from Ecova line of credit   (8,000)  
Proceeds from issuance of long-term debt 85,000 136,365 249,425
Redemption and maturity of long-term debt (297) (110,242) (17,266)
Premiums paid for the redemption of long-term debt   (10,710)  
Maturity of nonrecourse long-term debt of Spokane Energy (12,463) (11,370)  
Redemption of long-term debt to affiliated trusts     (61,856)
Long-term debt and short-term borrowing issuance costs (4,477) (916) (3,726)
Cash received (paid) for settlement of interest rate swap agreements (10,557)   10,776
Issuance of common stock 26,463 46,235 2,622
Cash dividends paid (63,737) (55,682) (44,360)
Purchase of subsidiary noncontrolling interest (6,179) (2,593) (5,450)
Increase (decrease) in client fund obligations 17,782 48,895 (8,507)
Other 530 (118) 1,935
Net cash provided by (used in) financing activities 18,065 57,164 (35,907)
Net increase in cash and cash equivalents 5,249 32,378 12,722
Cash and cash equivalents at beginning of year 69,413 37,035 24,313
Cash and cash equivalents at end of year 74,662 69,413 37,035
Cash paid during the year:      
Interest 69,083 74,195 58,756
Income taxes 26,451 14,153 22,695
Non-cash financing and investing activities:      
Accounts payable for capital expenditures 20,629 8,315 8,404
Utility property acquired under capital leases   5,300  
Redeemable noncontrolling interests 4,059 10,442 (400)
Contingent consideration by subsidiary for acquisition   $ 1,134