XML 36 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 15,467 $ 14,654
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 9,990 9,091
Provision for Deferred Income Taxes and Investment Tax Credits 17,631 2,107
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (179) (138)
Cash Surrender Value of Life Insurance (51) (81)
Stock Compensation Expense 468 430
Changes in Assets and Liabilities:    
Accounts Receivable (2,746) 687
Unbilled Revenues (2,054) (1,775)
Materials & Supplies (428) (154)
Prepayments (747) (1,253)
Accounts Payable 2,255 867
Accrued Taxes 2,389 2,431
Accrued Interest (723) (720)
Employee Benefit Plans (3,122) (2,720)
Unearned Revenue and Advanced Service Fees 33 $ 15
Federal Income Tax Receivable (9,756)
Other Assets and Liabilities 725 $ (1,002)
NET CASH PROVIDED BY OPERATING ACTIVITIES 29,152 22,439
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility Plant Expenditures, Including AFUDC of $118 in 2015, $75 in 2014 (19,297) (15,783)
Restricted Cash $ 1,391 (965)
Distribution From Joint Venture 782
NET CASH USED IN INVESTING ACTIVITIES $ (17,906) (15,966)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of Long-term Debt (5,358) (4,678)
Proceeds from Issuance of Long-term Debt 5,000 4,398
Net Short-term Bank Borrowings (1,000) 2,050
Deferred Debt Issuance Expense (66) $ (69)
Common Stock Issuance Expense (22)
Restricted Cash 744
Proceeds from Issuance of Common Stock 1,115 $ 1,120
Payment of Common Dividends (9,331) (9,130)
Payment of Preferred Dividends (108) (115)
Construction Advances and Contributions-Net (242) 169
NET CASH USED IN FINANCING ACTIVITIES (9,268) (6,255)
NET CHANGES IN CASH AND CASH EQUIVALENTS 1,978 218
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,673 4,834
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,651 5,052
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Utility Plant received as Construction Advances and Contributions 1,622 $ 1,797
Long-term Debt Deobligation 466
Cash Paid During the Year for:    
Interest 4,897 $ 4,971
Interest Capitalized 118 75
Income Taxes $ 1,136 $ 3,775