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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income (loss) $ 146,897 $ 127,550
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 184,512 115,253
Conservation amortization 36,864 34,761
Deferred income taxes and tax credits, net 14,517 55,957
Net unrealized (gain) loss on derivative instruments (996) 19,147
AFUDC – equity (3,351) (2,928)
Monetized production tax credits (43,586) 0
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities 3,720 4,214
Funding of pension liability (4,500) (9,000)
Regulatory Assets 20,871 (2,073)
Other long-term assets and liabilities (13,160) 13,543
Change in certain current assets and liabilities:    
Accounts receivable and unbilled revenue 49,476 52,860
Materials and supplies (1,825) 3,304
Fuel and gas inventory 15,543 19,346
Prepayments and other (1,503) (4,354)
Purchased gas adjustment 17,612 13,375
Accounts payable (27,973) (41,451)
Taxes payable 19,614 29,374
Other (13,411) (677)
Net cash provided by (used in) operating activities 399,321 428,201
Investing activities:    
Construction expenditures - excluding equity AFUDC (241,181) (223,635)
Other 1,570 (3,804)
Net cash provided by (used in) investing activities (239,611) (227,439)
Financing activities:    
Change in short-term debt, net 41,226 (230,763)
Dividends paid (30,096) (8)
Proceeds from long-term debt and bonds issued 13,179 10,663
Redemption of bonds and notes (193,447) 0
Other (1,530) 4,605
Net cash provided by (used in) financing activities (170,668) (215,503)
Net increase (decrease) in cash and cash equivalents (10,958) (14,741)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 36,761 41,296
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 25,803 26,555
Supplemental cash flow information:    
Cash payments for interest (net of capitalized interest) 81,736 76,644
Cash payments (refunds) for income taxes 0 0
Accounts payable for capital expenditures eliminated from cash flows 90,169 45,945
Subsidiaries [Member]    
Operating activities:    
Net income (loss) 163,037 143,092
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 184,490 115,253
Conservation amortization 36,864 34,761
Deferred income taxes and tax credits, net 19,505 65,212
Net unrealized (gain) loss on derivative instruments (996) 19,288
AFUDC – equity (3,351) (2,928)
Monetized production tax credits (43,586) 0
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities 1,131 1,410
Funding of pension liability (4,500) (9,000)
Regulatory Assets 20,871 (2,073)
Other long-term assets and liabilities (9,844) (8,088)
Change in certain current assets and liabilities:    
Accounts receivable and unbilled revenue 41,558 44,630
Materials and supplies (1,825) 3,304
Fuel and gas inventory 15,543 19,346
Prepayments and other (1,503) (4,354)
Purchased gas adjustment 17,612 13,375
Accounts payable (27,973) (41,451)
Taxes payable 24,515 29,374
Other (10,694) 1,515
Net cash provided by (used in) operating activities 420,854 422,666
Investing activities:    
Construction expenditures - excluding equity AFUDC (221,099) (179,622)
Other 1,570 (3,367)
Net cash provided by (used in) investing activities (219,529) (182,989)
Financing activities:    
Change in short-term debt, net 41,226 (230,763)
Dividends paid (58,611) (28,712)
Redemption of bonds and notes (193,447) 0
Other (1,529) 4,635
Net cash provided by (used in) financing activities (212,361) (254,840)
Net increase (decrease) in cash and cash equivalents (11,036) (15,163)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 36,009 40,899
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 24,973 25,736
Supplemental cash flow information:    
Cash payments for interest (net of capitalized interest) 52,847 48,989
Cash payments (refunds) for income taxes 0 0
Accounts payable for capital expenditures eliminated from cash flows $ 90,169 $ 45,945