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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 88,294 $ 75,213
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property, plant and equipment 86,397 79,843
Other amortization 4,014 2,868
Provision for loan losses 2,016 899
Loans receivable originated and purchased, held for sale (69,656) (128,276)
Proceeds from sale of loans receivable, held for sale 75,040 148,243
Increase in deferred income taxes 28,252 40,403
Excess tax benefits from share-based payment arrangements (267) (445)
Allowance for equity funds used during construction (2,996) (2,775)
Change in cash overdraft (1,038) 0
Changes in assets and liabilities    
Decrease (increase) in accounts receivable and unbilled revenues, net (2,986) 3,564
Decrease (increase) in fuel oil stock (27,206) 43,974
Increase in regulatory assets (17,731) (37,586)
Decrease in accounts, interest and dividends payable (64,843) (43,384)
Change in prepaid and accrued income taxes and utility revenue taxes (32,510) (33,822)
Decrease in defined benefit pension and other postretirement benefit plans liability (1,714) (330)
Change in other assets and liabilities (16,871) (17,597)
Net cash provided by operating activities 46,195 130,792
Cash flows from investing activities    
Available-for-sale investment and mortgage-related securities purchased (125,531) (39,721)
Principal repayments on available-for-sale investment and mortgage-related securities 33,202 62,819
Proceeds from sale of available-for-sale investment securities 79,564 71,367
Redemption of stock from Federal Home Loan Bank of Seattle 11,683 1,742
Net increase in loans held for investment (137,122) (201,184)
Proceeds from sale of real estate acquired in settlement of loans 2,162 5,712
Capital expenditures (149,253) (158,830)
Contributions in aid of construction 13,209 17,188
Other (16) 622
Net cash used in investing activities (272,102) (240,285)
Cash flows from financing activities    
Net increase in deposit liabilities 152,383 46,326
Net increase in short-term borrowings with original maturities of three months or less 79,693 42,093
Net decrease in retail repurchase agreements (2,053) (8,054)
Proceeds from other bank borrowings 0 25,000
Repayments of other bank borrowings 0 (25,000)
Proceeds from issuance of long-term debt 125,000 50,000
Repayment of long-term debt (100,000) (50,000)
Excess tax benefits from share-based payment arrangements 267 445
Net proceeds from issuance of common stock 3,048 11,994
Common stock dividends (62,892) (48,921)
Preferred stock dividends of subsidiaries (946) (946)
Other (252) 606
Net cash provided by financing activities 194,248 43,543
Net decrease in cash and cash equivalents (31,659) (65,950)
Cash and cash equivalents, beginning of period 220,036 219,662
Cash and cash equivalents, end of period $ 188,377 $ 153,712