XML 30 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 51,006 $ 42,749 $ 47,363
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 69,900 64,996 62,809
Deferred income taxes 35,610 20,714 8,725
Amortization of investment tax credits (611) (622) (634)
Allowance for equity funds used during construction (1,007) (2,253) (1,637)
Provision for bad debts 3,842 3,294 4,505
Net derivative losses 127 127 1,144
Changes in operating assets and liabilities:      
Accounts receivable (4,013) 15,556 (17,905)
Accrued unbilled revenues 2,911 (6,672) (2,268)
Inventories 913 1,827 11,033
Other current assets (1,180) 6,872 (9,019)
Accounts payable (16,614) (5,668) 13,344
Net regulatory assets and liabilities 10,008 (3,207) 24,706
Other current liabilities (2,260) 1,131 (10,794)
Pension and other employee benefit obligations (7,214) (3,113) (1,355)
Change in other noncurrent assets 564 867 822
Change in other noncurrent liabilities (2,682) 5,260 1,006
Net cash provided by operating activities 139,300 141,858 131,845
Investing activities      
Utility capital/construction expenditures (140,982) (128,933) (105,408)
Allowance for equity funds used during construction 1,007 2,253 1,637
Other, net (112) 2,291 5,140
Net cash used in investing activities (140,087) (124,389) (98,631)
Financing activities      
Proceeds from short-term borrowings, net 66,000 0 0
Proceeds from notes payable to affiliate 111,300 302,300 62,500
Repayments of notes payable to affiliates (148,350) (280,850) (47,050)
Repayment of long-term debt (96) (95) (66,890)
Capital contributions from parent 0 40,566 21,797
Dividends paid to parent (32,941) (73,868) (34,259)
Net cash used in financing activities (4,087) (11,947) (63,902)
Net change in cash and cash equivalents (4,874) 5,522 (30,688)
Cash and cash equivalents at beginning of period 6,445 923 31,611
Cash and cash equivalents at end of period 1,571 6,445 923
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (22,616) (22,154) (23,138)
Cash received (paid) for income taxes, net 1,116 4,371 (30,011)
Supplemental disclosure of non-cash investing transactions:      
Property, plant and equipment additions in accounts payable $ 9,427 $ 3,630 $ 1,800