XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 1,870,347 $ 1,547,961
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 1,041,232 838,592
Unamortized debt issuance cost 23,156 22,603
Regulatory Amortizations 673,998 832,468
Stock issued for services and stock option expense 162,731 160,903
Pension adjustment (188,258) (304,152)
Loss (Gain) on sale of marketable securities (53,574) (87,503)
Deferred income taxes 754,831 792,743
Bad debt expense 117,117 35,094
Undistributed earnings on joint ventures (42,719)   
(Increase) decrease in    
Accounts receivable (2,591,915) (1,114,036)
Gas stored underground 1,902,991 1,986,048
Materials and supplies inventories 409,834 237,179
Prepaid expenses (417,817) (359,033)
Unrecovered gas costs 743,374 (194,043)
Deferred regulatory costs (815,318) (490,798)
Other (25,543) 2,077
Increase (decrease) in:    
Accounts payable 541,770 (282,568)
Accrued expenses (203,396) (173,262)
Customer deposits and accrued interest (424,343) (224,465)
Deferred compensation (111,136) (650,802)
Deferred pension costs & post-retirement benefits (134,673) (17,570)
Other liabilities and deferred credits 90,563 21,120
Net cash (used in) provided by operating activities 3,323,252 2,578,556
Cash flows from investing activities    
Purchase of securities available-for-sale (564,304) (832,983)
Sale of securities available-for-sale 665,524 1,110,556
Investment in joint ventures (81,000)   
Capital expenditures (2,926,207) (3,259,790)
Net cash (used in) provided by investing activities (2,905,987) (2,982,217)
Cash flows from financing activities    
Proceeds under lines-of-credit 7,358,302 8,477,992
Repayment of lines-of-credit (6,817,229) (9,565,329)
Debt issuance expense    (658)
Cash received from sale of stock    2,350,000
Dividends paid (498,260) (406,346)
Proceeds under long-term debt 77,435 18,002
Repayment of long-term debt (594,263) (475,081)
Net cash (used in) provided by financing activities (474,015) 398,580
Net (decrease) increase in cash (56,750) (5,081)
Cash and cash equivalents at beginning of period 70,083 173,245
Cash and cash equivalents at end of period 13,333 168,164
Cash paid during the period for    
Interest 482,213 497,788
Income Taxes 87,984 79,554
Non-cash financing activities:    
Dividends paid with shares $ 48,563 $ 39,462