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CONSOLIDATED STATEMENTS OF CASH FLOWS - Southwest - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income $ 207,202 $ 238,985 $ 216,647
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 371,041 332,027 303,237
Deferred income taxes 61,212 50,717 54,162
Changes in current assets and liabilities:      
Accounts receivable, net of allowances (51,554) (48,772) (54,245)
Accrued utility revenue (2,500) (3,300) (1,900)
Deferred purchased gas costs (343,728) 36,239 (58,491)
Accounts payable 50,426 (7,694) (1,865)
Accrued taxes (6,725) 15,171 5,243
Other current assets and liabilities (89,209) 107,427 74,137
Changes in undistributed stock compensation 9,294 7,114 6,896
Equity AFUDC 0 (4,724) (4,161)
Changes in deferred charges and other assets (13,541) (32,591) (21,051)
Changes in other liabilities and deferred credits (73,629) (62,671) (12,764)
Net cash provided by operating activities 111,383 626,080 500,372
CASH FLOW FROM INVESTING ACTIVITIES:      
Payments to Acquire Property, Plant, and Equipment (715,626) (825,105) (938,148)
Changes in customer advances 15,974 14,033 19,001
Other 18,256 9,003 15,153
Net cash used in investing activities (3,035,656) (802,069) (951,632)
CASH FLOW FROM FINANCING ACTIVITIES:      
Dividends paid (138,222) (125,504) (116,127)
Issuance of long-term debt, net 1,660,696 662,377 531,596
Retirement of long-term debt (452,664) (356,406) (213,789)
Change in credit facility and commercial paper (20,000) 0 0
Withholding remittance – share-based compensation (1,264) (2,736) (1,858)
Other (729) (3,402) (1,488)
Net cash provided by financing activities 3,063,458 209,574 415,280
Change in cash and cash equivalents 139,345 33,813 (35,822)
Cash and cash equivalents at beginning of period 83,352 49,539 85,361
Cash and cash equivalents at end of period 222,697 83,352 49,539
SUPPLEMENTAL INFORMATION:      
Interest paid, net of amounts capitalized 104,352 105,182 102,258
Income taxes paid (received), net 4,208 (10,951) 2,752
Southwest Gas Corporation      
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income 187,135 159,118 163,171
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 253,398 235,295 215,620
Deferred income taxes 53,237 44,997 33,681
Changes in current assets and liabilities:      
Accounts receivable, net of allowances (22,806) 3,933 (10,737)
Accrued utility revenue (2,500) (3,300) (1,900)
Deferred purchased gas costs (343,728) 36,239 (58,491)
Accounts payable 57,764 9,618 (27,473)
Accrued taxes 7,753 (1,527) 8,895
Other current assets and liabilities (70,271) 48,545 89,171
Changes in undistributed stock compensation 6,392 5,294 5,146
Equity AFUDC 0 (4,724) (4,161)
Changes in deferred charges and other assets (28,743) (44,291) (31,767)
Changes in other liabilities and deferred credits (72,386) (65,136) (13,361)
Net cash provided by operating activities 25,245 424,061 367,794
CASH FLOW FROM INVESTING ACTIVITIES:      
Payments to Acquire Property, Plant, and Equipment (601,983) (692,216) (778,748)
Changes in customer advances 15,973 14,033 19,001
Other (32) 771 (95)
Net cash used in investing activities (586,042) (677,412) (759,842)
CASH FLOW FROM FINANCING ACTIVITIES:      
Contributions from parent 202,583 177,922 159,936
Dividends paid (111,400) (104,500) (95,900)
Issuance of long-term debt, net 297,318 446,508 297,222
Retirement of long-term debt 0 (125,000) 0
Change in credit facility and commercial paper (20,000) 0 0
Change in short-term portion of credit facilities 193,000 (137,000) 42,000
Withholding remittance – share-based compensation (1,263) (2,736) (1,858)
Other (1,820) (1,262) (825)
Net cash provided by financing activities 558,418 253,932 400,575
Change in cash and cash equivalents (2,379) 581 8,527
Cash and cash equivalents at beginning of period 41,070 40,489 31,962
Cash and cash equivalents at end of period 38,691 41,070 40,489
SUPPLEMENTAL INFORMATION:      
Interest paid, net of amounts capitalized 90,240 96,726 88,658
Income taxes paid (received), net $ (13,529) $ (19,603) $ 678