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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES:        
Net income (loss) $ 47,650 $ 97,250 $ (247,284) $ 185,607
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 112,520 122,646 460,329 400,245
Impairment of assets and other charges 71,230 0 526,655 0
Deferred income taxes 36,712 32,346 (67,682) 70,232
Gains on sale of property and equipment (661) (1,916) (6,610) (7,313)
Changes in undistributed stock compensation 3,436 4,180 8,702 9,816
Equity AFUDC (82) (258) (289) 723
Changes in current assets and liabilities:        
Accounts receivable, net of allowances (40,185) (44,971) (188,989) (139,417)
Accrued utility revenue 31,200 32,900 (4,900) (1,500)
Deferred purchased gas costs (535,224) (82,248) (600,191) (134,507)
Accounts payable (305,272) (82,952) 71,589 8,621
Accrued taxes 34,950 33,964 18,915 (7,397)
Other current assets and liabilities 371,035 79,680 83,502 (4,274)
Changes in deferred charges and other assets (1,565) (297) 15,618 (3,459)
Changes in other liabilities and deferred credits (11,486) (3,704) (34,267) (26,917)
Net cash provided by (used in) operating activities (185,742) 186,620 35,098 350,460
CASH FLOW FROM INVESTING ACTIVITIES:        
Construction expenditures and property additions (219,124) (162,796) (915,749) (725,713)
Acquisition of businesses, net of cash acquired 0 0 (18,809) (2,354,260)
Proceeds from the sale of business, net of cash sold 1,058,272 0 1,058,272 0
Changes in customer advances (6,608) 7,693 7,205 19,381
Other 3,125 893 20,054 15,586
Net cash provided by (used in) investing activities 835,665 (154,210) 150,973 (3,045,006)
CASH FLOW FROM FINANCING ACTIVITIES:        
Issuance of common stock, net 239,337 453,495 247,670 618,146
Centuri distribution to redeemable noncontrolling interest 0 (39,649) 0 (39,649)
Dividends paid (41,631) (35,970) (166,224) (141,573)
Issuance of long-term debt, net 305,896 709,927 663,774 2,359,964
Retirement of long-term debt (84,224) (143,453) (440,685) (574,889)
Change in credit facility and commercial paper (50,000) (130,000) 0 (150,000)
Change in short-term debt (1,527,746) (435,000) (1,458,939) (686,000)
Issuance of short-term debt 450,000 0 450,000 1,850,000
Withholding remittance - share-based compensation (1,506) (1,978) (2,190) (2,000)
Other, including principal payments on finance leases (4,949) (7,898) (21,223) (7,274)
Net cash provided by (used in) financing activities (714,823) 369,474 (727,817) 3,226,725
Effects of currency translation on cash and cash equivalents 104 85 (835) 142
Change in cash and cash equivalents (64,796) 401,969 (542,581) 532,321
Cash and cash equivalents included in current assets held for sale at beginning of period   0   0
Cash and cash equivalents at beginning of period 123,078 222,697 624,666 92,345
Cash and cash equivalents at end of period 82,085 624,666 82,085 624,666
SUPPLEMENTAL INFORMATION:        
Interest paid, net of amounts capitalized 68,018 35,262 252,581 131,311
Income taxes paid, net $ 2,381 $ 1,408 $ 12,974 $ 3,965