XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - 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
Gains on sale of equipment (6,906) (1,848) (5,473)
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:      
Construction expenditures and property additions (715,626) (825,105) (938,148)
Acquisition of businesses, net of cash acquired (2,354,260) 0 (47,638)
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:      
Issuance of common stock, net 213,641 139,245 157,946
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
Change in short-term portion of credit facilities (48,000) (104,000) 59,000
Issuance of short-term debt 1,850,000 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
Effects of currency translation on cash and cash equivalents 160 228 158
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