XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 31,417 $ 22,419
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 30,987 27,425
Deferred income taxes 1,843 11,348
Amortization of investment tax credits (131) (131)
Allowance for equity funds used during construction (1,855) (1,287)
Net derivative losses 154 166
Other, net 511 0
Changes in operating assets and liabilities:    
Accounts receivable (9,504) (10,867)
Accrued unbilled revenues 12,026 12,986
Inventories 6,103 4,806
Other current assets 5,854 4,305
Accounts payable (15,873) 19,809
Net regulatory assets and liabilities 10,518 656
Other current liabilities (1,837) (9,158)
Pension and other employee benefit obligations (9,200) (8,860)
Change in other noncurrent assets 157 (294)
Change in other noncurrent liabilities (474) (800)
Net cash provided by operating activities 60,696 72,523
Investing activities    
Utility capital/construction expenditures (58,488) (47,999)
Allowance for equity funds used during construction 1,855 1,287
Other, net (197) (159)
Net cash used in investing activities (56,830) (46,871)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 11,000 (27,000)
Repayments of long-term debt (6) (13)
Capital contributions from parent 3,326 12,282
Dividends paid to parent (15,481) (10,729)
Other, net (331) (70)
Net cash used in financing activities (1,492) (25,530)
Net change in cash and cash equivalents 2,374 122
Cash and cash equivalents at beginning of period 1,403 1,546
Cash and cash equivalents at end of period 3,777 1,668
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (5,751) (6,020)
Cash paid for income taxes, net (7,038) (11,489)
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 21,757 $ 15,150