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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income $ 97,250 $ 118,845 $ 185,607 $ 284,825
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization 122,646 93,442 400,245 337,816
Deferred income taxes 32,346 23,326 70,232 48,734
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (44,971) 42,892 (139,417) (51,717)
Accrued utility revenue 32,900 31,900 (1,500) (2,400)
Deferred purchased gas costs (82,248) (291,469) (134,507) (265,385)
Accounts payable (82,952) (41,147) 8,621 11,882
Accrued taxes 33,964 34,636 (7,397) 19,430
Other current assets and liabilities 79,680 (5,255) (4,274) 25,719
Gains on sale of property and equipment (1,916) (1,509) (7,313) (3,329)
Changes in undistributed stock compensation 4,180 3,658 9,816 7,956
Equity AFUDC (258) (981) 723 (4,644)
Changes in deferred charges and other assets (297) (10,379) (3,459) (49,465)
Changes in other liabilities and deferred credits (3,704) (50,416) (26,917) (57,365)
Net cash provided by (used in) operating activities 186,620 (52,457) 350,460 302,057
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (162,796) (152,709) (725,713) (767,159)
Acquisition of businesses, net of cash acquired 0 0 (2,354,260) 0
Changes in customer advances 7,693 4,286 19,381 12,885
Other 893 3,563 15,586 8,136
Net cash used in investing activities (154,210) (144,860) (3,045,006) (746,138)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 453,495 48,990 618,146 185,087
Centuri distribution to redeemable noncontrolling interest (39,649) 0 (39,649) 0
Dividends paid (35,970) (32,619) (141,573) (128,117)
Issuance of long-term debt, net 709,927 10,659 2,359,964 573,058
Retirement of long-term debt (143,453) (21,228) (574,889) (302,466)
Change in credit facility and commercial paper (130,000) 0 (150,000) 0
Change in short-term debt (435,000) 203,000 (686,000) 153,000
Issuance of short-term debt 0 0 1,850,000 0
Withholding remittance - share-based compensation (1,978) (1,242) (2,000) (1,242)
Other (7,898) (1,353) (7,274) (4,505)
Net cash provided by financing activities 369,474 206,207 3,226,725 474,815
Effects of currency translation on cash and cash equivalents 85 103 142 646
Change in cash and cash equivalents 401,969 8,993 532,321 31,380
Cash and cash equivalents at beginning of period 222,697 83,352 92,345 60,965
Cash and cash equivalents at end of period 624,666 92,345 624,666 92,345
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 35,262 8,303 131,311 100,412
Income taxes paid (received), net $ 1,408 $ 1,651 $ 3,965 $ 10,764