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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net Income $ 71,498 $ 65,153 $ 56,580
Adjustments to reconcile net income to net operating cash:      
Depreciation and amortization 58,117 45,900 40,802
Depreciation and accretion included in operations expenses 9,599 8,752 8,535
Deferred income taxes, net 24,709 24,476 21,226
Gain on sale of discontinued operations (200) (7,344)  
Realized gain (loss) on sale of assets/commodity contracts (6,243) (4,135) 5,497
Unrealized loss (gain) on investments/commodity contracts (1,482) (1,595) 429
Employee benefits and compensation 207 1,985 856
Share-based compensation 4,829 4,279 2,813
Changes in assets and liabilities:      
Accounts receivable and accrued revenue (7,426) 36,489 (16,311)
Propane inventory, storage gas and other inventory 1,709 8,227 2,107
Regulatory assets/liabilities, net (4,973) (7,812) 2,250
Prepaid expenses and other current assets 2,424 11,115 (7,421)
Accounts payable and other accrued liabilities 4,941 (62,021) 35,907
Income taxes receivable (payable) 7,165 (4,750) (522)
Customer deposits and refunds 2,238 (1,811) (596)
Accrued compensation (2,473) 2,120 708
Other assets and liabilities, net (5,723) (16,064) (35,498)
Net cash provided by operating activities 158,916 102,964 117,362
Investing Activities      
Property, plant and equipment expenditures (165,511) (184,727) (240,351)
Proceeds from sale of assets 8,080 427 782
Acquisitions, net of cash acquired (22,231) (23,988) (16,654)
Proceeds from the sale of discontinued operations 200 22,871  
Environmental expenditures (2,169) (1,170) (625)
Net cash used in investing activities (181,631) (186,587) (256,848)
Financing Activities      
Common stock dividends (27,161) (24,693) (22,043)
Proceeds from Issuance of Common Stock, Dividend Reinvestment Plan 22,627    
Payments for Repurchase of Common Stock   (721) (706)
Proceeds from issuance of common stock, net of expenses 60,980 0 0
Payment, Tax Withholding, Share-based Payment Arrangement (977) (692) (1,210)
Change in cash overdrafts due to outstanding checks (825) (1,174) (5,943)
Net borrowings (repayments) under line of credit agreements (71,637) (45,913) 49,432
Proceeds from issuance of long-term debt 89,822 199,648 154,819
Repayment of long-term debt and finance lease obligation (53,600) (41,936) (34,388)
Net cash provided by financing activities 19,229 84,519 139,961
Net (Decrease) Increase in Cash and Cash Equivalents (3,486) 896 475
Cash and Cash Equivalents — Beginning of Period 6,985 6,089 5,614
Cash and Cash Equivalents — End of Period $ 3,499 $ 6,985 $ 6,089