XML 72 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 114,809 $ 92,879 $ 101,299
Adjustments to reconcile net income to cash flows from operating activities:      
Unrealized (gain) loss on derivative instruments (9,417) 35,789 36,876
Depreciation and amortization 47,310 41,643 35,200
Allowance for equity used during construction (2,037) (638) (2,100)
Allowance for bad debt expense 2,627 3,932 4,865
Deferred income taxes 41,075 (5,323) 35,034
Manufactured gas plant remediation costs (6,166) (7,965) (14,115)
Equity in earnings of affiliates, net of distributions received 3,299 6,799 2,791
Cost of removal - asset retirement obligations (1,697) (1,196) (826)
Contributions to postemployment benefit plans (26,028) (25,874) (11,496)
Changes in:      
Components of working capital (60,316) (95,357) 43,748
Other noncurrent assets 9,496 (20,539) 7,081
Other noncurrent liabilities 1,039 26,931 11,744
Cash flows from operating activities 113,994 51,081 250,101
CASH FLOWS (USED IN) INVESTING ACTIVITIES      
Utility plant (110,482) (104,277) (93,624)
Solar equipment (59,125) (89,726) (71,989)
Real estate properties and other (1,042) (1,334) (3,549)
Cost of removal (26,601) (12,178) (8,369)
Investments in equity investees 0 (8,800) 0
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 3,079 0 0
Withdrawal from restricted cash construction fund 56 (802) 58
Proceeds from asset sales 0 0 2,396
Proceeds from sale of available-for-sale securities 482 0 0
Cash flows (used in) investing activities (193,633) (217,117) (175,077)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES      
Proceeds from issuance of common stock 37,839 13,834 13,704
Tax benefit from stock options exercised 173 780 2,007
Proceeds from sale-leaseback transaction 7,076 6,522 5,901
Proceeds from long-term debt 50,000 100,000 97,045
Payments of long-term debt (8,953) (8,025) (130,091)
Purchases of treasury stock (26,606) (8,768) (10,193)
Payments of common stock dividends (67,230) (61,688) (58,650)
Net proceeds of short-term debt 85,800 120,450 11,750
Cash flows from (used in) financing activities 78,099 163,105 (68,527)
Change in cash and cash equivalents (1,540) (2,931) 6,497
Cash and cash equivalents at beginning of period 4,509 7,440 943
Cash and cash equivalents at end of period 2,969 4,509 7,440
CHANGES IN COMPONENTS OF WORKING CAPITAL      
Receivables (72,244) 36,670 (49,473)
Inventories (55,755) 28,814 40,363
Recovery of gas costs 6,100 (11,686) 41,118
Gas purchases payable 72,399 (70,277) 22,289
Prepaid and accrued taxes (8,182) 23,036 (8,691)
Accounts payable and other 726 (3,418) 4,469
Restricted broker margin accounts 15,348 666 (31,813)
Customers' credit balances and deposits (24,059) (65,324) 21,819
Other current assets 5,351 (33,838) 3,667
Components of working capital (60,316) (95,357) 43,748
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION      
Cash paid for Interest (net of amounts capitalized) 20,414 16,670 17,323
Cash paid for Income taxes 12,039 10,053 5,165
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES      
Accrued capital expenditures $ (7,103) $ 8,257 $ 9,423