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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net Income $ 259,560 $ 245,872 $ 237,968
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 173,555 179,444 175,941
Deferred income taxes and investment tax credits (511) 23,901 25,175
Changes in regulatory assets and liabilities (79,693) (33,705) (36,246)
Pension and postretirement benefit plan expense 29,286 33,817 28,970
Contributions to pension and postretirement benefit plans (44,192) (44,220) (45,161)
Earnings of unconsolidated equity-method investments 11,511 11,435 11,513
Distributions from unconsolidated equity-method investments 11,586 11,711 14,477
Allowance for equity funds used during construction (37,285) (31,537) (29,551)
Other non-cash adjustments to net income, net 14,892 8,929 10,457
Change in:      
Accounts receivable (81,545) (9,434) (7,630)
Accounts payable and other accrued liabilities (2,156) (6,581) (5,377)
Taxes accrued/receivable (11,626) 991 17,543
Other current assets 112,602 17,700 (356)
Other current liabilities (4,628) (17,885) 8,950
Other assets 22,951 (4,304) 4,484
Net cash provided by operating activities 351,285 363,264 388,131
Investing Activities:      
Additions to property, plant and equipment (432,589) (299,999) (310,938)
Payments received from transmission project joint funding partners 17,778 5,876 3,197
Payments to Acquire Partners Interest in Real Estate Partnership, Net of Cash Acquired (9,881) (15,148) (14,338)
Proceeds from Equity Method Investment, Distribution, Return of Capital 8,489 14,439 1,073
Payments to Acquire Equity Securities, FV-NI (45,572) (17,186) (33,382)
Debt Securities, Held-to-Maturity, Purchase (31,224) 0 0
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment 63,857 11,328 25,795
Payments to Acquire Short-term Investments 25,000 25,000 25,000
Proceeds from Maturities, Prepayments and Calls of Short-term Investments 25,000 50,000 0
Other 4,875 2,037 6,335
Net cash used in investing activities (424,267) (273,653) (347,258)
Financing Activities:      
Issuance of long-term debt 198,000 0 310,000
Premium on issuance of long-term debt [Abstract] 0 0 31,384
Retirement of long-term debt (4,360) 0 (175,000)
Dividends on common stock (154,287) (146,119) (137,813)
Acquisition of treasury stock (3,111) (3,031) (4,641)
Make-whole premium on retirement of long-term debt 0 0 (3,305)
Other 926 334 3,636
Net cash used in financing activities 35,316 (149,484) 16,989
Net (decrease) increase in cash and cash equivalents (37,666) (59,873) 57,862
Cash and cash equivalents at beginning of the year 215,243 275,116 217,254
Cash and cash equivalents at end of the year 177,577 215,243 275,116
Cash paid during the period for:      
Income taxes 45,885 34,330 9,975
Interest (net of amount capitalized) 85,985 83,499 81,074
Non-cash investing activities:      
Additions to property, plant and equipment in accounts payable $ 84,324 $ 53,690 $ 45,004