XML 26 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS (USED IN) OPERATING ACTIVITIES    
Net income $ 34,929 $ 50,282
Adjustments to reconcile net income to cash flows from operating activities    
Unrealized loss (gain) on derivative instruments 28,302 (1,135)
Depreciation and amortization 19,260 16,482
Allowance for equity used during construction (584) (1,215)
Allowance for bad debt expense 230 334
Deferred income taxes 16,262 46,166
Manufactured gas plant remediation costs (1,619) (1,520)
Distributions received from equity investees, net of equity in earnings 1,101 1,139
Cost of removal - asset retirement obligations (198) (33)
Contributions to postemployment benefit plans (1,712) (30,144)
Tax benefit from stock-based compensation 1,188 1,635
Changes in:    
Components of working capital (150,480) (102,068)
Other noncurrent assets 7,242 (20,270)
Other noncurrent liabilities 15 4,173
Cash flows (used in) operating activities (46,064) (36,174)
CASH FLOWS (USED IN) INVESTING ACTIVITIES    
Utility plant (31,396) (42,465)
Solar and wind equipment (46,785) (45,006)
Real estate properties and other (171) (797)
Cost of removal (7,459) (6,575)
Investments in equity investees (4,636) (2,846)
Distribution from equity investees in excess of equity in earnings 688 555
Withdrawal from restricted cash construction fund 0 1,001
Proceeds from sale of investment 3,218 0
Proceeds from sale of property 0 748
Cash flows (used in) investing activities (86,541) (95,385)
CASH FLOWS FROM FROM FINANCING ACTIVITIES    
Net proceeds from short-term debt 162,900 144,650
Payments of long-term debt (2,716) (2,676)
Proceeds from sale-leaseback transaction 9,587 7,107
Payments of common stock dividends (21,931) (20,524)
Proceeds from issuance of common stock 4,616 3,807
Purchases of treasury stock (6,355) (1,008)
Tax withholding payments related to net settled stock compensation (4,167) (3,042)
Cash flows from financing activities 141,934 128,314
Change in cash and cash equivalents 9,329 (3,245)
Cash and cash equivalents at beginning of period 37,546 4,928
Cash and cash equivalents at end of period 46,875 1,683
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables (152,180) (27,784)
Inventories (13,954) (26,772)
Recovery of gas costs (2,472) (11,882)
Gas purchases payable 47,767 (7,071)
Gas purchases payable - related parties 5 (406)
Prepaid and accrued taxes 7,954 (27,794)
Accounts payable and other (12,405) (22,489)
Restricted broker margin accounts (26,173) 6,855
Customers' credit balances and deposits 616 10,056
Other current assets 362 5,219
Components of working capital (150,480) (102,068)
Cash paid (received) for:    
Interest (net of amounts capitalized) 8,153 5,403
Income taxes (7,020) 202
Accrued capital expenditures $ 28,442 $ 21,721