XML 78 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, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 166,390 $ 134,830
Adjustments to reconcile net income to cash flows from operating activities:    
Unrealized loss (gain) on derivative instruments 45,810 (23,683)
Depreciation and amortization 39,014 34,966
Allowance for equity used during construction (1,154) (1,926)
Allowance for bad debt expense 1,685 1,829
Deferred income taxes 21,226 23,406
Manufactured gas plant remediation costs (3,391) (5,326)
Equity in earnings of equity investees, net of distributions received 1,364 (1,050)
Cost of removal - asset retirement obligations (257) (926)
Contributions to postemployment benefit plans (3,618) (24,538)
Changes in:    
Components of working capital 83,223 (22,092)
Other noncurrent assets 15,735 (2,607)
Other noncurrent liabilities 10,434 12,256
Cash flows from operating activities 376,461 125,139
CASH FLOWS (USED IN) INVESTING ACTIVITIES    
Utility plant expenditures (90,381) (73,654)
Solar and wind equipment expenditures (91,569) (39,756)
Real estate properties and other expenditures (636) (532)
Cost of removal expenditures (18,690) (21,186)
Distribution from equity investees in excess of equity in earnings 1,344 2,107
Proceeds from sale of asset 6,010 0
Withdrawal from restricted cash construction fund 100 0
Proceeds from sale of available-for-sale securities 0 482
Cash flows (used in) investing activities (193,822) (132,539)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 12,161 10,581
Tax benefit from stock options exercised 348 110
Proceeds from sale-leaseback transaction 7,576 7,076
Proceeds from long-term debt 125,000 50,000
Payments of long-term debt (78,964) (5,808)
Purchases of treasury stock (4,387) (23,689)
Payments of common stock dividends (52,922) (50,619)
Net (payments) proceeds from short-term debt (191,100) 17,100
Cash flows (used in) from financing activities (182,288) 4,751
Change in cash and cash equivalents 351 (2,649)
Cash and cash equivalents at beginning of period 2,969 4,509
Cash and cash equivalents at end of period 3,320 1,860
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables (37,575) (120,719)
Inventories 100,021 (24,792)
Recovery of gas costs (5,725) 4,994
Gas purchases payable 3,367 86,932
Prepaid and accrued taxes 28,404 20,059
Accounts payable and other 8,439 (6,385)
Restricted broker margin accounts (19,045) 26,760
Customers' credit balances and deposits (4,738) (30,899)
Other current assets 10,075 21,958
Components of working capital 83,223 (22,092)
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION    
Cash paid for Interest (net of amounts capitalized) 12,419 11,121
Cash paid for Income taxes 12,782 9,539
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Accrued capital expenditures $ 14,317 $ (9,734)