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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net Income $ 44,675 $ 41,140 $ 36,092
Adjustments to reconcile net income to net operating cash:      
Goodwill & long-lived asset impairment 0 0 6,881
Depreciation and amortization 32,159 29,972 26,316
Depreciation and accretion included in other costs 7,334 6,978 6,577
Deferred income taxes, net [1] 31,257 20,520 22,235
Realized loss (gain) on sale of assets/investments 695 (340) (7,293)
Unrealized (gain) loss on investments/commodity contracts (385) 96 501
Employee benefits and compensation 1,887 1,235 684
Share-based compensation 2,367 1,937 1,958
Other, net (79) 47 3
Changes in assets and liabilities:      
Accounts receivable and accrued revenue (27,013) 17,097 20,683
Propane inventory, storage gas and other inventory (2,531) 1,527 4,177
Regulatory assets/liabilities, net (7,523) 3,883 (11,014)
Prepaid expenses and other current assets (1,387) (759) (699)
Accounts payable and other accrued liabilities 18,829 (11,916) (13,623)
Income taxes receivable 2,466 (4,967) (15,936)
Customer deposits and refunds 2,065 1,976 (927)
Accrued compensation 358 (331) 37
Other assets and liabilities, net (1,803) (3,972) (2,944)
Net cash provided by operating activities 103,371 104,123 73,708
Investing Activities      
Property, plant and equipment expenditures (169,861) (143,599) (91,588)
Change in intangibles 0 0 14
Proceeds from sale of assets 174 164 10,797
Acquisitions, net of cash acquired 0 (20,930) 0
Environmental expenditures (350) (174) (233)
Net cash used by investing activities (170,037) (164,539) (81,010)
Financing Activities      
Common stock dividends (17,482) (15,924) (13,887)
Issuance (Purchase) of stock for Dividend Reinvestment Plan 811 813 (165)
Proceeds from issuance of common stock, net of expenses 57,360 0 0
Change in cash overdrafts due to outstanding checks 3,920 2,450 (921)
Net borrowing (repayment) under line of credit agreements 32,526 82,178 (16,513)
Proceeds from issuance of long-term debt 0 0 49,975
Repayment of long-term debt and capital lease obligation (9,146) (10,820) (9,969)
Net cash provided by financing activities 67,989 58,697 8,520
Net Increase (Decrease) in Cash and Cash Equivalents 1,323 (1,719) 1,218
Cash and Cash Equivalents — Beginning of Period 2,855 4,574 3,356
Cash and Cash Equivalents — End of Period $ 4,178 $ 2,855 $ 4,574
[1] (1)Includes $2.1 million, $2.1 million and $2.6 million of deferred state income taxes for the years 2016, 2015 and 2014, respectively.