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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 63,823 $ 71,671
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 33,098 31,465
Regulatory amortization of gas reserves 546 833
Deferred income taxes 8,041 5,228
Qualified defined benefit pension plan expense (benefit) 1,082 (791)
Deferred environmental expenditures, net (6,264) (4,113)
Environmental remediation expense 5,746 5,375
Asset optimization revenue sharing bill credits (20,608) (10,471)
Other 8,905 8,509
Changes in assets and liabilities:    
Receivables, net 17,839 38,727
Inventories 13,070 46,129
Income and other taxes 21,796 25,567
Accounts payable (30,930) (47,773)
Deferred gas costs (8,808) (11,300)
Increase (Decrease) in Asset Optimization Revenue Sharing 108 (7,769)
Decoupling mechanism 6,427 (1,303)
Change in Cloud-based software Assets (6,485) (3,673)
Asset optimization revenue sharing 13,335 958
Other, net 4,534 14,054
Cash provided by operating activities 125,039 176,861
Investing activities:    
Payments to Acquire Property, Plant, and Equipment (82,217) (71,265)
Acquisitions, net of cash acquired 0 (468)
Purchase of equity method investment (1,000) 0
Other 729 (1,285)
Cash used in investing activities (82,488) (73,018)
Financing activities:    
Proceeds from common stock issued, net 12,218 16,669
Long-term debt issued 150,000 200,000
Long-term debt retired (150,000) 0
Changes in other short-term debt, net 4,920 (185,700)
Cash dividend payments on common stock (17,746) (16,532)
Payment of financing fees (748) (1,498)
Shares withheld for tax purposes (1,314) (1,312)
Other (247) (440)
Cash used in financing activities (2,917) 11,187
Cash, cash equivalents and restricted cash 89,258 155,994
Increase (decrease) in cash, cash equivalents and restricted cash 39,634 115,030
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 1,000 1,300
Interest paid, net of capitalization 18,044 14,904
Northwest Natural Gas Company [Member]    
Operating activities:    
Net income 67,558 75,540
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 31,107 30,144
Regulatory amortization of gas reserves 546 833
Deferred income taxes 6,624 6,495
Qualified defined benefit pension plan expense (benefit) 1,082 (791)
Deferred environmental expenditures, net (6,264) (4,113)
Environmental remediation expense 5,746 5,375
Asset optimization revenue sharing bill credits (20,608) (10,471)
Other 8,189 7,851
Changes in assets and liabilities:    
Receivables, net 17,636 36,671
Inventories 13,249 46,509
Income and other taxes 15,279 20,310
Accounts payable (31,563) (48,531)
Deferred gas costs (8,808) (11,299)
Increase (Decrease) in Asset Optimization Revenue Sharing 108 (7,769)
Decoupling mechanism 6,427 (1,303)
Change in Cloud-based software Assets (6,485) (3,673)
Asset optimization revenue sharing 13,335 958
Other, net 5,041 16,557
Cash provided by operating activities 117,983 174,831
Investing activities:    
Payments to Acquire Property, Plant, and Equipment (72,037) (63,598)
Other 483 (1,284)
Cash used in investing activities (71,554) (64,882)
Financing activities:    
Capital contributions from parent 0 8
Long-term debt issued 0 200,000
Changes in other short-term debt, net 14,920 (170,200)
Cash dividend payments on common stock (17,694) (16,552)
Shares withheld for tax purposes (1,314) (1,312)
Other (97) (1,660)
Cash used in financing activities (4,185) 10,284
Cash, cash equivalents and restricted cash 78,764 144,904
Increase (decrease) in cash, cash equivalents and restricted cash 42,244 120,233
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 8,670 6,565
Interest paid, net of capitalization $ 14,104 $ 10,522