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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net Income $ 77,183 $ 66,495
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 61,230 58,229
Deferred Tax Credits (986) (1,011)
Deferred Income Taxes 20,353 3,487
Change in Deferred Debits and Other Assets 3,439 7,142
Discretionary Contribution to Pension Plan (11,200) (22,500)
Change in Noncurrent Liabilities and Deferred Credits 3,237 10,344
Allowance for Equity/Other Funds Used During Construction (3,104) (1,602)
Stock Compensation Expense 5,282 5,245
Other—Net (176) 312
Cash (Used for) Provided by Current Assets and Current Liabilities:    
Change in Receivables (20,025) (16,213)
Change in Inventories 15,980 9,218
Change in Other Current Assets 2,023 2,974
Change in Payables and Other Current Liabilities (12,063) (20,744)
Change in Interest and Income Taxes Receivable/Payable 103 3,773
Net Cash Provided by Operating Activities 141,276 105,149
Investing Activities    
Capital Expenditures (220,630) (149,695)
Proceeds from Disposal of Noncurrent Assets 4,617 4,111
Cash Used for Investments and Other Assets (6,372) (5,546)
Net Cash Used in Investing Activities (222,385) (151,130)
Financing Activities    
Change in Checks Written in Excess of Cash 90 383
Net Short-Term Borrowings 42,600 90,398
Proceeds from Issuance of Common Stock 35,219 0
Common Stock Issuance Expenses (465) (35)
Payments for Shares Withheld for Employee Tax Obligations (2,069) (2,730)
Proceeds from Issuance of Long-Term Debt 75,000 0
Short-Term and Long-Term Debt Issuance Expenses (369) (66)
Payments for Retirement of Long-Term Debt (136) (128)
Dividends Paid (45,056) (41,781)
Net Cash Provided by Financing Activities 104,814 46,041
Net Change in Cash and Cash Equivalents 23,705 60
Cash and Cash Equivalents at Beginning of Period 21,199 861
Cash and Cash Equivalents at End of Period $ 44,904 $ 921