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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income $ 238,985 $ 216,647 $ 181,652
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 332,027 303,237 249,212
Deferred income taxes 50,717 54,162 51,041
Changes in current assets and liabilities:      
Accounts receivable, net of allowances (48,772) (54,245) (15,862)
Accrued utility revenue (3,300) (1,900) 1,000
Deferred purchased gas costs 36,239 (58,491) 82,574
Accounts payable (7,694) (1,865) 11,778
Accrued taxes 15,171 5,243 (11,955)
Other current assets and liabilities 107,427 74,137 (54,073)
Gains on sale of equipment (1,848) (5,473) (1,703)
Changes in undistributed stock compensation 7,114 6,896 6,111
Equity AFUDC (4,724) (4,161) (3,627)
Changes in deferred charges and other assets (32,591) (21,051) (5,738)
Changes in other liabilities and deferred credits (62,671) (12,764) 38,446
Net cash provided by operating activities 626,080 500,372 528,856
CASH FLOW FROM INVESTING ACTIVITIES:      
Construction expenditures and property additions (825,105) (938,148) (765,914)
Acquisition of businesses, net of cash acquired 0 (47,638) (251,373)
Changes in customer advances 14,033 19,001 13,463
Other 9,003 15,153 4,341
Net cash used in investing activities (802,069) (951,632) (999,483)
CASH FLOW FROM FINANCING ACTIVITIES:      
Issuance of common stock, net 139,245 157,946 354,402
Dividends paid (125,504) (116,127) (100,240)
Issuance of long-term debt, net 662,377 531,596 565,172
Retirement of long-term debt (356,406) (213,789) (237,758)
Change in short-term debt (104,000) 59,000 (62,500)
Withholding remittance – share-based compensation (2,736) (1,858) (3,110)
Other (3,402) (1,488) (3,392)
Net cash provided by financing activities 209,574 415,280 512,574
Effects of currency translation on cash and cash equivalents 228 158 (208)
Change in cash and cash equivalents 33,813 (35,822) 41,739
Cash and cash equivalents at beginning of period 49,539 85,361 43,622
Cash and cash equivalents at end of period 83,352 49,539 85,361
SUPPLEMENTAL INFORMATION:      
Interest paid, net of amounts capitalized 105,182 102,258 86,562
Income taxes paid (received), net (10,951) 2,752 1,221
Southwest Gas Corporation      
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income 159,118 163,171 138,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 235,295 215,620 191,816
Deferred income taxes 44,997 33,681 42,999
Changes in current assets and liabilities:      
Accounts receivable, net of allowances 3,933 (10,737) (20,309)
Accrued utility revenue (3,300) (1,900) 1,000
Deferred purchased gas costs 36,239 (58,491) 82,574
Accounts payable 9,618 (27,473) 23,408
Accrued taxes (1,527) 8,895 (18,732)
Other current assets and liabilities 48,545 89,171 (91,444)
Changes in undistributed stock compensation 5,294 5,146 5,355
Equity AFUDC (4,724) (4,161) (3,627)
Changes in deferred charges and other assets (44,291) (31,767) (7,049)
Changes in other liabilities and deferred credits (65,136) (13,361) 37,669
Net cash provided by operating activities 424,061 367,794 382,502
CASH FLOW FROM INVESTING ACTIVITIES:      
Construction expenditures and property additions (692,216) (778,748) (682,869)
Changes in customer advances 14,033 19,001 13,463
Other 771 (95) 14
Net cash used in investing activities (677,412) (759,842) (669,392)
CASH FLOW FROM FINANCING ACTIVITIES:      
Contributions from parent 177,922 159,936 113,549
Dividends paid (104,500) (95,900) (87,000)
Issuance of long-term debt, net 446,508 297,222 297,495
Retirement of long-term debt (125,000) 0 0
Change in short-term debt (137,000) 42,000 (39,000)
Withholding remittance – share-based compensation (2,736) (1,858) (3,110)
Other (1,262) (825) (1,028)
Net cash provided by financing activities 253,932 400,575 280,906
Change in cash and cash equivalents 581 8,527 (5,984)
Cash and cash equivalents at beginning of period 40,489 31,962 37,946
Cash and cash equivalents at end of period 41,070 40,489 31,962
SUPPLEMENTAL INFORMATION:      
Interest paid, net of amounts capitalized 96,726 88,658 73,805
Income taxes paid (received), net $ (19,603) $ 678 $ (5,856)