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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net Income $ 40,539 $ 43,039
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 42,022 40,177
Regulatory amortization of gas reserves 7,816 8,031
Deferred income taxes 11,227 22,170
Qualified defined benefit pension plan expense 2,876 2,615
Contributions to qualified defined benefit pension plans (5,570) (7,250)
Deferred environmental expenditures, net (7,330) (6,817)
Amortization of environmental remediation 6,506 9,565
Regulatory revenue deferral from the TCJA 9,212 0
Other 810 1,128
Changes in assets and liabilities:    
Receivables, net 79,332 85,250
Inventories 4,803 (3,501)
Income taxes (11,967) (5,243)
Accounts payable (26,613) (21,849)
Interest accrued (121) 0
Deferred gas costs 4,787 15,325
Other, net 3,623 8,243
Discontinued operations 700 3,348
Cash provided by operating activities 162,652 194,231
Investing activities:    
Capital expenditures (102,370) (94,333)
Other 195 (404)
Discontinued operations (283) 15
Cash used in investing activities (102,458) (94,722)
Financing activities:    
Repurchases related to stock-based compensation 0 (2,034)
Proceeds from stock options exercised 45 1,309
Long-term debt retired 22,000 0
Change in short-term debt (7,100) (53,300)
Cash dividend payments on common stock (25,577) (26,919)
Other (279) (1,232)
Cash used in financing activities (54,911) (82,176)
Increase in cash and cash equivalents 5,283 17,333
Cash and cash equivalents, beginning of period 3,472 3,521
Cash and cash equivalents, end of period 8,755 20,854
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalization 17,117 18,011
Income taxes paid $ 13,347 $ 9,081