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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 23,121 $ 16,223
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 34,303 32,271
Deferred income taxes 14,494 7,224
Amortization of investment tax credits (307) (312)
Allowance for equity funds used during construction (411) (1,083)
Net realized and unrealized hedging and derivative transactions 63 63
Changes in operating assets and liabilities:    
Accounts receivable 4,029 24,110
Accrued unbilled revenues 14,515 10,467
Inventories 5,804 6,116
Other current assets 1,713 8,213
Accounts payable (21,340) (17,803)
Net regulatory assets and liabilities 246 (5,879)
Other current liabilities 2,944 624
Change in other noncurrent assets (59) (78)
Change in other noncurrent liabilities (7,532) 2,324
Net cash provided by operating activities 71,583 82,480
Investing activities    
Utility capital/construction expenditures (58,219) (56,028)
Allowance for equity funds used during construction 411 1,083
Other investments (43) 2,281
Net cash used in investing activities (57,851) (52,664)
Financing activities    
Proceeds from short-term borrowings, net 35,000 0
Proceeds from notes payable to affiliate 111,300 190,500
Repayment of notes payable to affiliate (148,300) (206,000)
Repayment of long-term debt (30) (34)
Capital contributions from parent 0 44,032
Dividends paid to parent (16,728) (57,296)
Net cash used in financing activities (18,758) (28,798)
Net (decrease) increase in cash and cash equivalents (5,026) 1,018
Cash and cash equivalents at beginning of period 6,445 923
Cash and cash equivalents at end of period 1,419 1,941
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (11,514) (11,215)
Cash received for income taxes, net 441 1,558
Supplemental disclosure of non-cash investing transactions:    
Property, plant and equipment additions in accounts payable $ 1,094 $ 1,615