XML 31 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Operating activities:              
Net Income (loss) $ 9,996 $ 94,936 $ (39,443) $ 132,154 $ 81,699 $ 59,759  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation & amortization 161,209   138,281   462,890 483,693  
Conservation amortization 21,295   17,734   69,009 71,049  
Deferred income taxes and tax credits, net         (1,922) (3,559)  
Net unrealized (gain) loss on derivative instruments         (3,563) 29,861  
Gain (Loss) on Extinguishment of Debt         13,546 0  
AFUDC - equity         (17,772) (10,071)  
Production tax credit utilization         (17,558) (35,470)  
Other non-cash         5,466 1,712  
increase (decrease) in purchased gas         30,859 (155,711)  
Other long term assets and liabilities         (17,094) (3,075)  
Regulatory assets and liabilities         (90,513) (46,993)  
Funding of pension liability         (18,000) (18,000)  
Change in certain current assets and liabilities:              
Accounts receivable and unbilled revenue         188,053 192,365  
Materials and supplies         (4,365) (3,963)  
Fuel and natural gas inventory         (4,290) (8,442)  
Prepayments and other         (18,912) (2,283)  
Purchased gas adjustment         0 9,921  
Accounts payable         (26,068) (160,792)  
Taxes payable         9,461 (43,141)  
Other         (25,086) (2,727)  
Net cash provided by (used in) operating activities         615,840 354,133  
Investing activities:              
Construction expenditures - excluding equity AFUDC         (678,085) (709,139)  
Other         (925) (5,914)  
Net cash provided by (used in) investing activities         (679,010) (715,053)  
Financing activities:              
Change in short-term debt, net         45,000 (310,297)  
Dividends paid         (45,412) (36,756)  
Proceeds from long-term debt and bonds issued         644,690 682,151  
Repayments of Debt         (150,200) 0  
Redemption of bonds and notes         (450,000) 0  
Other         (2,525) 10,386  
Net cash provided by (used in) financing activities         41,553 345,484  
Net increase (decrease) in cash, cash equivalents, and restricted cash         (21,617) (15,436)  
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 44,529   40,126   44,529 40,126 66,146
Supplemental cash flow information:              
Cash payments for interest (net of capitalized interest)         245,183 236,718  
Cash payments (refunds) for income taxes         3,820 8,990  
Non-cash financing and investing activities:              
Accounts payable for capital expenditures eliminated from cash flows         67,321 65,023  
Increase (Decrease) in Regulatory Assets and Liabilities         0 (47,534)  
Subsidiaries [Member]              
Operating activities:              
Net Income (loss) 33,062 111,321 (15,257) 147,302 159,420 123,720  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation & amortization 161,155   138,253   462,742 483,623  
Conservation amortization 21,295   17,734   69,009 71,049  
Deferred income taxes and tax credits, net         7,259 (1,600)  
Net unrealized (gain) loss on derivative instruments         (3,563) 29,861  
AFUDC - equity         (17,772) (10,071)  
Production tax credit utilization         (17,558) (35,470)  
Other non-cash         (2,441) (6,167)  
increase (decrease) in purchased gas         30,859 (155,711)  
Other long term assets and liabilities         (8,391) 4,972  
Regulatory assets and liabilities         (90,513) (46,993)  
Funding of pension liability         18,000 18,000  
Change in certain current assets and liabilities:              
Accounts receivable and unbilled revenue         185,957 196,877  
Materials and supplies         (4,365) (3,963)  
Fuel and natural gas inventory         (4,290) (8,442)  
Prepayments and other         (18,912) (2,283)  
Purchased gas adjustment         0 9,921  
Accounts payable         (26,038) (160,850)  
Taxes payable         9,542 (40,178)  
Other         (22,628) 794  
Net cash provided by (used in) operating activities         690,317 431,089  
Investing activities:              
Construction expenditures - excluding equity AFUDC         (641,862) (680,118)  
Other         (925) (5,916)  
Net cash provided by (used in) investing activities         (642,787) (686,034)  
Financing activities:              
Change in short-term debt, net         45,000 (310,297)  
Dividends paid         (125,551) (113,862)  
Proceeds from long-term debt and bonds issued         0 443,151  
Proceeds from Contributions from Parent     210,000   0 210,000  
Other         11,921 11,048  
Net cash provided by (used in) financing activities         (68,630) 240,040  
Net increase (decrease) in cash, cash equivalents, and restricted cash         (21,100) (14,905)  
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 $ 43,791   $ 38,588   43,791 38,588 $ 64,891
Supplemental cash flow information:              
Cash payments for interest (net of capitalized interest)         161,083 152,571  
Cash payments (refunds) for income taxes         9,259 16,540  
Non-cash financing and investing activities:              
Accounts payable for capital expenditures eliminated from cash flows         67,321 65,023  
Increase (Decrease) in Regulatory Assets and Liabilities         $ 0 $ (47,534)