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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities:    
Net Income $ 115,074 $ 98,117
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,889 87,764
Deferred income taxes and investment tax credits (6,169) (2,121)
Changes in regulatory assets and liabilities 9,311 (11,831)
Pension and postretirement benefit plan expense 14,534 14,478
Contributions to pension and postretirement benefit plans (11,957) (13,219)
Earnings of equity-method investments (4,630) (5,003)
Distributions from equity-method investments 4,100 0
Allowance for equity funds used during construction (15,564) (14,421)
Other non-cash adjustments to net income, net 4,428 5,989
Change in:    
Accounts receivable (15,241) (8,943)
Accounts payable and other accrued liabilities 2,620 (30,008)
Taxes accrued/receivable 25,728 20,179
Other current assets (48,206) (23,889)
Other current liabilities 5,658 13,076
Other assets (3,285) (1,420)
Other liabilities 1,905 (135)
Net cash provided by operating activities 167,195 128,613
Investing Activities:    
Additions to property, plant and equipment (128,265) (145,116)
Payments received from transmission project joint funding partners 2,253 1,728
Investments in affordable housing 10,164 9,394
Investments in unconsolidated affiliates 0 (2,300)
Purchases of equity securities 392 3,326
Purchases of short-term investments (25,000) 0
Maturities of Short-term Investments 50,000 0
Proceeds from the sale of equity securities 3,197 2,630
Other 1,347 4,941
Net cash used in investing activities (107,024) (150,837)
Financing Activities:    
Issuance of long-term debt 0 310,000
Premium on issuance of long-term debt 0 31,384
Dividends on common stock (72,285) (68,160)
Tax Withholding on net settlements of share-based awards 3,026 4,630
Debt issuance costs and other (11) (3,259)
Net cash (used in) provided by financing activities (75,322) 265,335
Net increase (decrease) in cash and cash equivalents (15,151) 243,111
Cash and cash equivalents at beginning of the period 275,116 217,254
Cash and cash equivalents at end of the period 259,965 460,365
Supplemental Disclosure of Cash Flow Information:    
Income taxes 2,880 325
Interest (net of amount capitalized) 41,626 38,303
Non-cash investing activities:    
Additions to property, plant and equipment in accounts payable 30,984 22,072
Idaho Power Company    
Financing Activities:    
Dividends on common stock   (67,939)
Idaho Power Company    
Operating Activities:    
Net Income 113,191 95,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,593 87,454
Deferred income taxes and investment tax credits (5,393) (1,734)
Changes in regulatory assets and liabilities 9,311 (11,831)
Pension and postretirement benefit plan expense 14,534 14,478
Contributions to pension and postretirement benefit plans (11,957) (13,219)
Earnings of equity-method investments (4,293) (4,440)
Distributions from equity-method investments 4,100 0
Allowance for equity funds used during construction (15,564) (14,421)
Other non-cash adjustments to net income, net (422) 1,664
Change in:    
Accounts receivable (14,535) (10,759)
Accounts payable and other accrued liabilities 2,616 (22,065)
Taxes accrued/receivable 18,908 22,181
Other current assets (48,203) (23,877)
Other current liabilities 5,728 13,159
Other assets (3,307) (1,442)
Other liabilities 1,999 (42)
Net cash provided by operating activities 155,306 130,806
Investing Activities:    
Additions to property, plant and equipment (128,264) (144,865)
Payments received from transmission project joint funding partners 2,253 1,728
Investments in unconsolidated affiliates 0 (2,300)
Purchases of equity securities 392 3,326
Proceeds from the sale of equity securities 3,197 2,630
Other 1,347 4,911
Net cash used in investing activities (121,859) (141,222)
Financing Activities:    
Issuance of long-term debt 0 310,000
Premium on issuance of long-term debt 0 31,384
Dividends on common stock (71,972) (67,939)
Debt issuance costs and other (9) (3,232)
Net cash (used in) provided by financing activities (71,981) 270,213
Net increase (decrease) in cash and cash equivalents (38,534) 259,797
Cash and cash equivalents at beginning of the period 165,604 98,950
Cash and cash equivalents at end of the period 127,070 358,747
Supplemental Disclosure of Cash Flow Information:    
Income taxes 10,046 (9,189)
Interest (net of amount capitalized) 41,616 38,291
Non-cash investing activities:    
Additions to property, plant and equipment in accounts payable $ 30,984 $ 22,072