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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 131,672 $ 180,960 $ 141,970
Adjustments to reconcile net income to cash flows from operating activities      
Unrealized loss (gain) on derivative instruments 46,883 (38,681) 28,534
Depreciation and amortization 72,748 61,399 52,742
Impairment loss on investment 0 0 6,351
Allowance for equity used during construction (4,375) (3,825) (1,562)
Allowance for bad debt expense 1,616 2,859 2,504
Deferred income taxes 27,721 45,934 18,421
Manufactured gas plant remediation costs (8,106) (6,805) (4,396)
Distributions received from equity investees, net of equity in earnings 4,534 6,663 2,589
Cost of removal - asset retirement obligations (403) (1,034) (1,153)
Contributions to postemployment benefit plans (33,359) (5,778) (4,953)
Tax benefit from stock based compensation 1,755 881 414
Changes in:      
Components of working capital (123,325) 81,817 85,480
Other noncurrent assets 3,933 38,716 10,484
Other noncurrent liabilities 21,336 27,841 20,724
Cash flows from operating activities 142,630 390,947 358,149
Expenditures for:      
Utility plant (176,067) (140,797) (128,254)
Solar and wind equipment (149,063) (151,002) (135,543)
Real estate properties and other (1,896) (209) (1,179)
Cost of removal (29,066) (28,078) (24,312)
Investments in equity investees (11,176) (5,780) (555)
Distributions from equity investees in excess of equity in earnings 2,351 2,620 1,150
Withdrawal from (payment to) from restricted cash construction fund 979 (1,499) 88
Proceeds from sale of investment 0 3,016 0
Proceeds from sale of property 748 0 6,010
Cash flows (used in) investing activities (363,190) (321,729) (282,595)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES      
Proceeds from issuance of common stock 16,010 37,299 15,373
Tax withholding payments related to net settled stock compensation (3,547) (2,146) (949)
Proceeds from sale-leaseback transaction 7,107 7,216 7,576
Proceeds from long-term debt 275,000 250,000 125,000
Payments of long-term debt (13,289) (37,039) (82,586)
Purchases of treasury stock (1,008) (10,589) (5,522)
Payments of common stock dividends (82,445) (76,532) (70,664)
Net proceeds from (payments of) short-term debt 55,350 (234,650) (64,600)
Cash flows from (used in) financing activities 253,178 (66,441) (76,372)
Change in cash and cash equivalents 32,618 2,777 (818)
Cash and cash equivalents at beginning of period 4,928 2,151 2,969
Cash and cash equivalents at end of period 37,546 4,928 2,151
CHANGES IN COMPONENTS OF WORKING CAPITAL      
Receivables 11,303 32,529 48,032
Inventories (45,986) 114,638 43,130
Recovery of gas costs (39,642) 18,979 13,015
Gas purchases payable (11,963) (54,525) (47,528)
Gas purchases payable - related parties (411) 202 14
Prepaid and accrued taxes 2,385 (18,161) 21,133
Accounts payable and other (15,656) (14,714) 34,716
Restricted broker margin accounts (38,752) 18,452 (20,758)
Customers’ credit balances and deposits 12,044 (1,545) (2,058)
Other current assets 3,353 (14,038) (4,216)
Components of working capital (123,325) 81,817 85,480
Cash paid (received) for:      
Interest (net of amounts capitalized) 31,996 24,208 22,458
Income taxes (3,516) 28,790 22,447
Accrued capital expenditures 48,881 28,676 9,655
Deferred gain on non-cash exchange of investments $ 0 $ 24,601 $ 0