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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 233,436 $ 132,065 $ 131,672
Adjustments to reconcile net income to cash flows from operating activities      
Unrealized loss (gain) on derivative instruments 26,770 (11,241) 46,883
Gain on sale of available for sale securities (5,332) (7,287) 0
Gain on sale of businesses (4,663) 0 0
Depreciation and amortization 85,701 81,841 72,748
Amortization of acquired wholesale energy contracts 18,222 762 0
Allowance for equity used during construction (5,531) (3,867) (4,375)
Allowance for doubtful accounts 2,579 2,023 1,616
Deferred income taxes 15,590 41,442 27,721
Deferred income tax benefit due to tax legislation (75,736) 0 0
Manufactured gas plant remediation costs (16,171) (10,934) (8,106)
Equity in earnings, net of distributions received from equity investees (1,725) (462) 4,534
Cost of removal - asset retirement obligations (298) (484) (403)
Contributions to postemployment benefit plans (6,359) (6,077) (33,359)
Tax benefit of delivered shares from stock based compensation 2,950 1,285 1,755
Changes in:      
Components of working capital 97,004 17,081 (123,325)
Other noncurrent assets 17,860 13,978 3,933
Other noncurrent liabilities 13,989 (2,079) 21,336
Cash flows from operating activities 398,286 248,046 142,630
Expenditures for:      
Utility plant (206,880) (144,106) (176,067)
Solar and wind equipment (123,421) (149,400) (149,063)
Midstream and other (6,644) (2,434) (1,896)
Cost of removal (47,643) (32,143) (29,066)
Acquisition of retail and wholesale energy contracts 0 (55,661) 0
Investments in equity investees (16,151) (27,070) (11,176)
Distributions from equity investees in excess of equity in earnings 3,117 2,749 2,351
Acquisition of retail and wholesale energy contracts (10,000) 0 0
(Deposits to) withdrawal from restricted cash construction fund (9) 1,322 979
Proceeds from sale of property, net of closing costs 0 9,443 748
Proceeds from sale of businesses, net of closing costs 27,916 0 0
Proceeds from sale of available for sale securities, net 6,616 6,639 0
Cash flows used in investing activities (373,099) (390,661) (363,190)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES      
Proceeds from long-term debt 225,000 100,000 275,000
Payments of long-term debt (165,486) (97,854) (13,289)
(Payments of) proceeds from short-term debt, net (114,050) 144,300 55,350
Proceeds from sale-leaseback transaction - solar 71,538 32,901 0
Proceeds from sale-leaseback transaction - gas meters 7,820 9,587 7,107
Payments of common stock dividends (95,835) (87,988) (82,445)
Proceeds from waiver discount issuance of common stock 41,677 0 0
Proceeds from issuance of common stock 17,136 17,492 16,010
Purchases of treasury stock 0 (6,355) (1,008)
Tax withholding payments related to net settled stock compensation (13,755) (4,788) (3,547)
Cash flows (used in) from financing activities (25,955) 107,295 253,178
Change in cash and cash equivalents (768) (35,320) 32,618
Cash and cash equivalents at beginning of period 2,226 37,546 4,928
Cash and cash equivalents at end of period 1,458 2,226 37,546
CHANGES IN COMPONENTS OF WORKING CAPITAL      
Receivables (7,524) (56,974) 11,303
Inventories 15,464 3,022 (45,986)
Recovery of gas costs 30,439 (90) (39,642)
Gas purchases payable 51,187 20,663 (11,963)
Gas purchases payable - related parties (1) 2 (411)
Prepaid and accrued taxes 1,254 10,366 2,385
Accounts payable and other 40,422 13,086 (15,656)
Restricted broker margin accounts (30,974) 22,570 (38,752)
Customers’ credit balances and deposits 368 (5,877) 12,044
Other current assets (3,631) 10,313 3,353
Components of working capital 97,004 17,081 (123,325)
Cash paid (received) for:      
Interest (net of amounts capitalized) 44,821 44,362 31,996
Income taxes 5,577 (6,877) (3,516)
Accrued capital expenditures 30,559 21,769 48,881
Inception gain on natural gas swap contract recognized as non-cash proceeds from sale of business $ 14,579 $ 0 $ 0