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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income $ 136,025 $ 133,949 $ 241,061 $ 225,855
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 267,670 245,009 354,688 324,995
Deferred income taxes 45,374 37,752 58,339 45,815
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (62,081) (42,139) (68,714) (76,769)
Accrued utility revenue 42,700 42,600 (3,200) (700)
Deferred purchased gas costs (293,410) 59,899 (317,070) 38,016
Accounts payable (51,086) (59,031) 251 (14,817)
Accrued taxes 5,954 17,991 3,134 26,075
Other current assets and liabilities 23,289 121,185 9,531 121,274
Gains on sale of equipment (5,365) (581) (6,632) (2,897)
Changes in undistributed stock compensation 7,676 5,789 9,001 6,618
Equity AFUDC 0 (3,413) (1,311) (4,395)
Changes in deferred charges and other assets (7,956) (19,174) (21,373) (24,370)
Changes in other liabilities and deferred credits (57,269) (52,018) (67,922) (54,996)
Net cash provided by operating activities 51,521 487,818 189,783 609,704
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (506,737) (632,474) (699,368) (851,236)
Acquisition of businesses, net of cash acquired (830,395) (250) (830,145) (28,355)
Changes in customer advances 7,940 7,691 14,282 11,643
Other 14,755 6,520 17,238 8,811
Net cash used in investing activities (1,314,437) (618,513) (1,497,993) (859,137)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 210,812 90,635 259,422 119,240
Dividends paid (102,292) (93,317) (134,479) (123,099)
Issuance of long-term debt, net 1,654,960 650,619 1,666,718 699,601
Retirement of long-term debt (406,815) (289,295) (473,926) (375,909)
Change in credit facility and commercial paper (150,000) (92,000) (58,000) (92,000)
Change in short-term debt 165,000 (157,000) 218,000 24,000
Withholding remittance - share-based compensation (1,254) (2,736) (1,254) (2,736)
Other (4,355) (1,596) (6,161) (4,090)
Net cash provided by financing activities 1,366,056 105,310 1,470,320 245,007
Effects of currency translation on cash and cash equivalents 198 (209) 635 (109)
Change in cash and cash equivalents 103,338 (25,594) 162,745 (4,535)
Cash and cash equivalents at beginning of period 83,352 49,539 23,945 28,480
Cash and cash equivalents at end of period 186,690 23,945 186,690 23,945
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 57,128 63,743 98,567 103,836
Income taxes paid (received), net 7,665 (16,006) 12,720 (13,625)
Southwest Gas Corporation        
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income 102,584 79,568 182,134 155,993
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 187,688 173,865 249,118 230,158
Deferred income taxes 35,800 25,633 55,164 23,415
Changes in current assets and liabilities:        
Accounts receivable, net of allowances 43,430 70,129 (22,766) (7,135)
Accrued utility revenue 42,700 42,600 (3,200) (700)
Deferred purchased gas costs (293,410) 59,899 (317,070) 38,016
Accounts payable (42,536) (50,314) 17,396 (476)
Accrued taxes 5,396 15,914 (12,045) 29,228
Other current assets and liabilities 18,608 74,892 (7,739) 76,194
Changes in undistributed stock compensation 5,437 4,492 6,239 4,928
Equity AFUDC 0 (3,413) (1,311) (4,395)
Changes in deferred charges and other assets (18,726) (27,688) (35,329) (38,357)
Changes in other liabilities and deferred credits (55,905) (52,532) (68,509) (55,536)
Net cash provided by operating activities 31,066 413,045 42,082 451,333
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (415,398) (525,221) (582,393) (716,564)
Changes in customer advances 7,940 7,691 14,282 11,643
Other 65 183 653 139
Net cash used in investing activities (407,393) (517,347) (567,458) (704,782)
CASH FLOW FROM FINANCING ACTIVITIES:        
Contributions from parent 202,583 131,961 248,544 165,711
Dividends paid (82,000) (77,500) (109,000) (102,400)
Issuance of long-term debt, net 297,318 446,508 297,318 446,508
Retirement of long-term debt 0 (125,000) 0 (125,000)
Change in credit facility and commercial paper (150,000) (92,000) (58,000) (92,000)
Change in short-term debt 193,000 (194,000) 250,000 (30,000)
Withholding remittance - share-based compensation (1,254) (2,736) (1,254) (2,737)
Other (1,632) (1,186) (1,708) (1,210)
Net cash provided by financing activities 458,015 86,047 625,900 258,872
Change in cash and cash equivalents 81,688 (18,255) 100,524 5,423
Cash and cash equivalents at beginning of period 41,070 40,489 22,234 16,811
Cash and cash equivalents at end of period 122,758 22,234 122,758 22,234
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 53,220 57,168 92,778 94,106
Income taxes paid (received), net $ 0 $ (22,962) $ 3,359 $ (22,262)