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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 20,968 $ 17,828
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 13,401 12,900
Provision for Deferred Income Taxes and Investment Tax Credits (3,256) (7,852)
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (532) (1,171)
Cash Surrender Value of Life Insurance 445 (109)
Stock Compensation Expense 909 760
Gain on Sale of Subsidiary (5,232)
Changes in Assets and Liabilities:    
Accounts Receivable 682 1,289
Unbilled Revenues (3,016) (1,752)
Materials & Supplies (349) 451
Prepayments (1,195) (1,572)
Accounts Payable 3,124 (7,343)
Accrued Taxes 3,893 2,082
Accrued Interest 170 31
Employee Benefit Plans (1,310) 790
Unearned Revenue & Advanced Service Fees 165 149
Other Assets and Liabilities (2,006) (1,902)
NET CASH PROVIDED BY OPERATING ACTIVITIES 26,861 14,579
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility Plant Expenditures, Including AFUDC of $394 in 2022 and $860 in 2021 (39,343) (46,500)
Proceeds from Sale of Subsiary 3,122
NET CASH USED IN INVESTING ACTIVITIES (36,221) (46,500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of Long-term Debt (2,162) (2,332)
Proceeds from Issuance of Long-term Debt 2,287 1,595
Net Short-term Bank Borrowings 14,500 29,500
Deferred Debt Issuance Expense (82) (14)
Proceeds from Issuance of Common Stock 7,039 596
Payment of Common Dividends (10,184) (9,527)
Payment of Preferred Dividends (60) (60)
Construction Advances and Contributions-Net (1,191) 7,946
NET CASH PROVIDED BY FINANCING ACTIVITIES 10,147 27,704
NET CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 787 (4,217)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 3,533 10,406
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 4,320 6,189
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Utility Plant received as Construction Advances and Contributions 4,321 3,357
Non-Cash Consideration for Sale of Subsidiary 2,100
Cash Paid During the Year for:    
Interest 4,245 3,975
Interest Capitalized 394 860
Income Taxes $ 575 $ 2,320