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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income $ 112,176 $ 97,546 $ 208,572 $ 163,240
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 185,941 189,089 247,803 260,457
Deferred income taxes 36,210 49,409 50,190 74,439
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (1,659) (15,330) (27,276) (13,765)
Accrued utility revenue 43,600 42,100 (500) (1,100)
Deferred purchased gas costs 100,763 (79,127) 84,282 (114,658)
Accounts payable (48,618) (26,771) (1,886) 19,866
Accrued taxes (9,840) 4,689 (12,417) 38,084
Other current assets and liabilities 1,245 43,044 (50,002) 3,590
Gains on sale (997) (1,452) (3,741) (4,483)
Changes in undistributed stock compensation 4,686 9,199 6,375 10,308
AFUDC (1,034) (2,077) (1,253) (2,473)
Changes in other assets and deferred charges (10,497) (14,470) (18,296) (1,436)
Changes in other liabilities and deferred credits (4,583) 3,395 (3,747) (10,239)
Net cash provided by operating activities 407,393 299,244 478,104 421,830
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (560,165) (449,998) (733,816) (575,141)
Acquisition of businesses, net of cash acquired (4,209) 0 (98,413) 0
Changes in customer advances 11,051 (1,951) 13,325 504
Miscellaneous inflows 3,827 9,160 11,312 14,234
Net cash used in investing activities (549,496) (442,789) (807,592) (560,403)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 92,234 11,563 121,826 11,505
Dividends paid (74,535) (68,503) (98,162) (89,870)
Centuri distribution to redeemable noncontrolling interest 0 (204) 0 (544)
Issuance of long-term debt, net 480,993 104,308 783,748 119,308
Retirement of long-term debt (143,757) (100,240) (382,486) (159,162)
Change in credit facility and commercial paper 0 145,000 0 150,000
Change in short-term debt (183,000) 110,500 (79,000) 110,500
Principal payments on capital lease obligations (422) (796) (606) (1,025)
Redemption of Centuri shares from noncontrolling parties 0 (23,000) 0 (23,000)
Withholding remittance - share-based compensation (2,880) (3,176) (2,880) (3,176)
Other (1,121) (1,104) (3,091) (2,068)
Net cash provided by financing activities 167,512 174,348 339,349 112,468
Effects of currency translation on cash and cash equivalents 139 283 157 103
Change in cash and cash equivalents 25,548 31,086 10,018 (26,002)
Cash and cash equivalents at beginning of period 43,622 28,066 59,152 85,154
Cash and cash equivalents at end of period 69,170 59,152 69,170 59,152
Supplemental information:        
Interest paid, net of amounts capitalized, continuing operations 49,568 45,771 75,740 66,077
Income taxes paid (received) 18,261 3,687 20,247 (21,875)
Southwest Gas Corporation        
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income 79,301 82,436 153,683 148,130
Income from discontinued operations 0 0 0 13,807
Income from continuing operations 79,301 82,436 153,683 134,323
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 145,549 153,643 193,828 212,693
Deferred income taxes 33,239 44,621 55,787 72,627
Changes in current assets and liabilities:        
Accounts receivable, net of allowances 49,654 43,818 (2,066) (7,131)
Accrued utility revenue 43,600 42,100 (500) (1,100)
Deferred purchased gas costs 100,763 (79,127) 84,282 (114,658)
Accounts payable (53,217) (45,972) (2,700) 17,271
Accrued taxes (16,026) 4,092 (9,735) 29,143
Other current assets and liabilities (35,154) 32,453 (81,333) (224)
Changes in undistributed stock compensation 4,269 7,999 5,558 9,108
AFUDC (1,034) (2,077) (1,253) (2,473)
Changes in other assets and deferred charges (11,025) (14,861) (19,082) (1,914)
Changes in other liabilities and deferred credits 7,550 2,883 8,208 (10,751)
Net cash provided by operating activities, continuing operations 347,469 272,008 384,677 336,914
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (486,037) (395,463) (651,022) (514,661)
Changes in customer advances 11,051 (1,951) 13,325 504
Miscellaneous inflows 1,316 2,407 1,650 2,925
Dividends received 0 0 0 9,660
Net cash used in investing activities, continuing operations (473,670) (395,007) (636,047) (501,572)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 0 0 0 (58)
Contributions from parent 90,644 11,659 120,344 11,659
Dividends paid (65,000) (60,497) (86,000) (81,864)
Issuance of long-term debt, net 297,495 0 297,495 0
Retirement of long-term debt 0 (25,000) 0 (25,000)
Change in credit facility and commercial paper 0 145,000 0 150,000
Change in short-term debt (182,000) 83,000 (74,000) 83,000
Withholding remittance - share-based compensation (2,880) (3,176) (2,880) (3,176)
Other (939) (544) (991) (1,508)
Net cash provided by financing activities, continuing operations 137,320 150,442 253,968 133,053
Net cash provided by discontinued operating activities 0 0 0 57,680
Net cash used in discontinued investing activities 0 0 0 (11,049)
Net cash used in discontinued financing activities 0 0 0 (44,491)
Effects of currency translation on cash and cash equivalents 0 0 0 (180)
Change in cash and cash equivalents 11,119 27,443 2,598 (29,645)
Change in cash and cash equivalents of discontinued operations included in discontinued operations construction services assets 0 0 0 (1,960)
Change in cash and cash equivalents of continuing operations 11,119 27,443 2,598 (31,605)
Cash and cash equivalents at beginning of period 37,946 19,024 46,467 78,072
Cash and cash equivalents at end of period 49,065 46,467 49,065 46,467
Supplemental information:        
Income taxes paid (received) 11,286 4 3,428 (27,952)
Interest paid, net of amounts capitalized $ 42,986 $ 40,751 $ 67,025 $ 59,448