XML 77 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 134,830 $ 101,572
Adjustments to reconcile net income to cash flows from operating activities:    
Unrealized (gain) loss on derivative instruments (23,683) 17,596
Depreciation and amortization 34,966 30,726
Allowance for equity used during construction (1,926) (317)
Allowance for bad debt expense 1,829 1,989
Deferred income taxes 23,406 30,588
Manufactured gas plant remediation costs (5,326) (6,125)
Equity in earnings of affiliates, net of distributions received (1,050) 4,209
Cost of removal - asset retirement obligations (926) (912)
Contributions to postemployment benefit plans (24,538) (24,446)
Changes in:    
Components of working capital (22,092) (110,114)
Other noncurrent assets (2,607) 8,747
Other noncurrent liabilities 12,256 6,404
Cash flows from operating activities 125,139 59,917
CASH FLOWS (USED IN) INVESTING ACTIVITIES    
Utility plant expenditures (73,654) (71,916)
Solar equipment expenditures (39,756) (75,243)
Real estate properties and other expenditures (532) (568)
Cost of removal expenditures (21,186) (10,634)
Distribution from equity investees 2,107 0
Proceeds from sale of available-for-sale securities 482 0
Withdrawal from restricted cash construction fund 0 126
Cash flows (used in) investing activities (132,539) (158,235)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 10,581 10,636
Tax benefit from stock options exercised 110 222
Proceeds from sale-leaseback transaction 7,076 6,522
Proceeds from long-term debt 50,000 0
Payments of long-term debt (5,808) (4,856)
Purchases of treasury stock (23,689) (8,768)
Payments of common stock dividends (50,619) (46,466)
Net proceeds from short-term debt 17,100 140,650
Cash flows from financing activities 4,751 97,940
Change in cash and cash equivalents (2,649) (378)
Cash and cash equivalents at beginning of period 4,509 7,440
Cash and cash equivalents at end of period 1,860 7,062
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables (120,719) 36,598
Inventories (24,792) 78,601
Recovery of gas costs 4,994 (13,405)
Gas purchases payable 86,932 (99,173)
Prepaid and accrued taxes 20,059 (11,375)
Accounts payable and other (6,385) 9,754
Restricted broker margin accounts 26,760 (20,320)
Customers' credit balances and deposits (30,899) (75,318)
Other current assets 21,958 (15,476)
Components of working capital (22,092) (110,114)
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION    
Cash paid for Interest (net of amounts capitalized) 11,121 8,918
Cash paid for Income taxes 9,539 7,536
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Accrued capital expenditures $ (9,734) $ (108)