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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net Income $ 44,800 $ 37,458
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,286 43,666
Deferred income taxes and investment tax credits (3,390) (1,379)
Changes in regulatory assets and liabilities 2,833 (9,672)
Pension and postretirement benefit plan expense 7,367 7,260
Contributions to pension and postretirement benefit plans (918) (12,270)
Earnings of equity-method investments (2,317) (2,316)
Distributions from equity-method investments 2,550 2,000
Allowance for equity funds used during construction (7,769) (7,272)
Other non-cash adjustments to net income, net 3,238 3,490
Change in:    
Accounts receivable (3,451) 5,102
Accounts payable and other accrued liabilities (42,219) (49,389)
Taxes accrued/receivable 17,156 12,932
Other current assets 19,403 1,268
Other current liabilities 2,425 5,122
Other assets (2,234) (1,925)
Other liabilities 1,902 (279)
Net cash provided by operating activities 83,662 33,796
Investing Activities:    
Additions to property, plant and equipment (77,293) (73,566)
Payments received from transmission project joint funding partners 1,096 393
Investments in affordable housing 5,335 1,936
Purchases of equity securities 171 3,230
Purchases of short-term investments (25,000) 0
Maturities of Short-term Investments 25,000 0
Proceeds from the sale of equity securities 1,557 839
Other 797 3,826
Net cash used in investing activities (79,349) (73,674)
Financing Activities:    
Dividends on common stock (36,379) (34,312)
Tax Withholding on net settlements of share-based awards 3,026 4,183
Other 17 10
Net cash (used in) provided by financing activities (39,422) (38,505)
Net increase (decrease) in cash and cash equivalents (35,109) (78,383)
Cash and cash equivalents at beginning of the period 275,116 217,254
Cash and cash equivalents at end of the period 240,007 138,871
Supplemental Disclosure of Cash Flow Information:    
Interest (net of amount capitalized) 25,306 19,887
Non-cash investing activities:    
Additions to property, plant and equipment in accounts payable 27,910 22,843
Idaho Power Company    
Operating Activities:    
Net Income 44,369 36,776
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,138 43,505
Deferred income taxes and investment tax credits (2,958) (1,207)
Changes in regulatory assets and liabilities 2,833 (9,672)
Pension and postretirement benefit plan expense 7,367 7,260
Contributions to pension and postretirement benefit plans (918) (12,270)
Earnings of equity-method investments (2,550) (2,453)
Distributions from equity-method investments 2,550 2,000
Allowance for equity funds used during construction (7,769) (7,272)
Other non-cash adjustments to net income, net 528 867
Change in:    
Accounts receivable (5,600) 4,161
Accounts payable and other accrued liabilities (42,193) (49,344)
Taxes accrued/receivable 17,482 22,446
Other current assets 19,414 1,297
Other current liabilities 2,451 5,207
Other assets (2,245) (1,935)
Other liabilities 2,003 (180)
Net cash provided by operating activities 78,902 39,186
Investing Activities:    
Additions to property, plant and equipment (77,293) (73,566)
Payments received from transmission project joint funding partners 1,096 393
Purchases of equity securities 171 3,230
Proceeds from the sale of equity securities 1,557 839
Other 797 3,796
Net cash used in investing activities (74,014) (71,768)
Financing Activities:    
Dividends on common stock (35,941) (33,952)
Other (15) (4)
Net cash (used in) provided by financing activities (35,956) (33,948)
Net increase (decrease) in cash and cash equivalents (31,068) (66,530)
Cash and cash equivalents at beginning of the period 165,604 98,950
Cash and cash equivalents at end of the period 134,536 32,420
Supplemental Disclosure of Cash Flow Information:    
Income taxes 0 (9,189)
Interest (net of amount capitalized) 25,346 19,888
Non-cash investing activities:    
Additions to property, plant and equipment in accounts payable $ 27,910 $ 22,843