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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Operating activities:              
Net Income (loss) $ (23,233) $ 94,936 $ (32,952) $ 132,154 $ 71,703 $ 99,202  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation & amortization 136,865   164,715   301,681 345,412  
Conservation amortization 20,321   20,029   47,714 53,315  
Deferred income taxes and tax credits, net         1,741 2,248  
Net unrealized (gain) loss on derivative instruments         36,379 15,145  
Gain (Loss) on Extinguishment of Debt         13,546 0  
AFUDC - equity         (11,668) (6,591)  
Production tax credit utilization         (14,470) (41,111)  
Other non-cash         696 7,427  
Regulatory assets and liabilities         (71,268) (19,061)  
increase (decrease) in purchased gas         45,833 (144,917)  
Other long term assets and liabilities         (11,114) (13,238)  
Change in certain current assets and liabilities:              
Accounts receivable and unbilled revenue         189,072 203,174  
Materials and supplies         (15,837) (3,769)  
Fuel and natural gas inventory         793 (5,338)  
Prepayments and other         (171) (85)  
Purchased gas adjustment         0 9,921  
Accounts payable         (54,136) (179,533)  
Taxes payable         (6,006) (20,798)  
Other         (28,226) (10,692)  
Net cash provided by (used in) operating activities         496,262 290,711  
Investing activities:              
Construction expenditures - excluding equity AFUDC         (438,477) (470,335)  
Other         104 (3,977)  
Net cash provided by (used in) investing activities         (438,373) (474,312)  
Financing activities:              
Change in short-term debt, net         (36,000) 160,703  
Dividends paid         (45,064) (36,077)  
Proceeds from long-term debt and bonds issued         644,690 20,000  
Repayments of Debt         (174,100) 0  
Redemption of bonds and notes         (450,000) 0  
Other         (7,350) 7,411  
Net cash provided by (used in) financing activities         (67,824) 152,037  
Net increase (decrease) in cash, cash equivalents, and restricted cash         (9,935) (31,564)  
Cash, cash equivalents, and restricted cash at beginning of period   66,146   55,562 66,146 55,562 $ 55,562
Cash, cash equivalents, and restricted cash at end of period 56,211   23,998   56,211 23,998 66,146
Supplemental cash flow information:              
Cash payments for interest (net of capitalized interest)         169,832 165,863  
Cash payments (refunds) for income taxes         0 5,376  
Non-cash financing and investing activities:              
Accounts payable for capital expenditures eliminated from cash flows         57,498 73,757  
Increase (Decrease) in Regulatory Assets and Liabilities         0 (47,516)  
Subsidiaries [Member]              
Operating activities:              
Net Income (loss) 15,037 111,321 (8,325) 147,302 126,358 138,977  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation & amortization 136,816   164,692   301,587 345,370  
Conservation amortization 20,321   20,029   47,714 53,315  
Deferred income taxes and tax credits, net         10,267 8,967  
Net unrealized (gain) loss on derivative instruments         36,379 15,145  
AFUDC - equity         (11,668) (6,591)  
Production tax credit utilization         (14,470) (41,111)  
Other non-cash         (4,582) 2,210  
Regulatory assets and liabilities         (71,204) (19,061)  
increase (decrease) in purchased gas         45,833 (144,917)  
Other long term assets and liabilities         (5,073) (9,822)  
Change in certain current assets and liabilities:              
Accounts receivable and unbilled revenue         186,425 206,228  
Materials and supplies         (15,837) (3,769)  
Fuel and natural gas inventory         729 (5,338)  
Prepayments and other         (171) (85)  
Purchased gas adjustment         0 9,921  
Accounts payable         (52,580) (179,591)  
Taxes payable         (2,060) (20,679)  
Other         (28,724) (7,893)  
Net cash provided by (used in) operating activities         548,923 341,276  
Investing activities:              
Construction expenditures - excluding equity AFUDC         (428,775) (451,215)  
Other         104 (3,977)  
Net cash provided by (used in) investing activities         (428,671) (455,192)  
Financing activities:              
Change in short-term debt, net         (36,000) 160,703  
Dividends paid         (99,809) (83,988)  
Other         6,373 7,410  
Net cash provided by (used in) financing activities         (129,436) 84,125  
Net increase (decrease) in cash, cash equivalents, and restricted cash         (9,184) (29,791)  
Cash, cash equivalents, and restricted cash at beginning of period   $ 64,891   $ 53,493 64,891 53,493 53,493
Cash, cash equivalents, and restricted cash at end of period $ 55,707   $ 23,702   55,707 23,702 $ 64,891
Supplemental cash flow information:              
Cash payments for interest (net of capitalized interest)         114,027 112,058  
Cash payments (refunds) for income taxes         0 9,784  
Non-cash financing and investing activities:              
Accounts payable for capital expenditures eliminated from cash flows         57,498 73,757  
Increase (Decrease) in Regulatory Assets and Liabilities         $ 0 $ (47,516)