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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 28,745 $ 34,544
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 63,507 60,529
Regulatory amortization of gas reserves 12,056 12,036
Deferred income taxes 3,954 17,287
Qualified defined benefit pension plan expense 4,450 3,923
Contributions to qualified defined benefit pension plans (11,690) (15,400)
Deferred environmental expenditures, net (10,547) (10,468)
Amortization of environmental remediation 7,528 10,920
Regulatory revenue deferral from the TCJA 6,983 0
Other 1,541 2,522
Changes in assets and liabilities:    
Receivables, net 83,194 90,311
Inventories (5,134) (5,372)
Income taxes (5,809) (216)
Accounts payable (22,929) (29,282)
Interest accrued 2,680 3,888
Deferred gas costs 2,372 13,419
Other, net (3,588) 28
Discontinued operations 1,216 4,187
Cash provided by operating activities 158,529 192,856
Investing activities:    
Capital expenditures (158,795) (145,274)
Other (1,661) (1,131)
Discontinued operations (619) (167)
Cash used in investing activities (161,075) (146,572)
Financing activities:    
Repurchases related to stock-based compensation 0 (2,034)
Proceeds from stock options exercised 1,368 3,711
Long-term debt issued 50,000 100,000
Long-term debt retired (22,000) (40,000)
Change in short-term debt 46,300 (53,300)
Cash dividend payments on common stock (38,387) (40,390)
Stock purchases related to acquisitions (7,951) 0
Other (291) (2,012)
Cash provided by (used in) financing activities 29,039 (34,025)
Increase in cash and cash equivalents 26,493 12,259
Cash and cash equivalents, beginning of period 3,472 3,521
Cash and cash equivalents, end of period 29,965 15,780
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalization 22,821 22,859
Income taxes paid, net of refunds $ 22,047 $ 11,581