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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income $ 87,562 $ 47,650
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 119,142 112,520
Impairment of assets and other charges 0 71,230
Deferred income taxes 30,707 36,712
Gains on sale of property and equipment (944) (661)
Changes in undistributed stock compensation 961 3,436
Equity AFUDC (1,839) (82)
Changes in current assets and liabilities:    
Accounts receivable, net of allowances 26,110 (40,185)
Accrued utility revenue 34,500 31,200
Deferred purchased gas costs 354,203 (535,224)
Accounts payable (69,863) (305,272)
Accrued taxes 33,311 34,950
Other current assets and liabilities (28,763) 371,035
Changes in deferred charges and other assets (15,982) (1,565)
Changes in other liabilities and deferred credits (25,396) (11,486)
Net cash provided by (used in) operating activities 543,709 (185,742)
CASH FLOW FROM INVESTING ACTIVITIES:    
Construction expenditures and property additions (221,198) (219,124)
Proceeds from the sale of business, net of cash sold 0 1,058,272
Proceeds from the sale of property 21,377 0
Changes in customer advances (1,658) (6,608)
Other 1,689 3,125
Net cash provided by (used in) investing activities (199,790) 835,665
CASH FLOW FROM FINANCING ACTIVITIES:    
Issuance of common stock, net 2,372 239,337
Centuri distribution to redeemable noncontrolling interest (37) 0
Dividends paid (44,389) (41,631)
Issuance of long-term debt, net 55,897 305,896
Retirement of long-term debt (16,488) (84,224)
Change in short-term portion of credit facility 15,500 (155,000)
Change in long-term credit facility and commercial paper 0 (50,000)
Issuance of short-term debt 0 450,000
Repayment of short-term debt 0 (1,372,746)
Withholding remittance - share-based compensation (1,971) (1,506)
Other, including principal payments on finance leases (3,190) (4,949)
Net cash provided by (used in) financing activities 7,694 (714,823)
Effects of currency translation on cash and cash equivalents (197) 104
Change in cash and cash equivalents 351,416 (64,796)
Cash and cash equivalents at beginning of period 106,536 123,078
Cash and cash equivalents at end of period 457,952 82,085
SUPPLEMENTAL INFORMATION:    
Interest paid, net of amounts capitalized 65,281 68,018
Income taxes paid, net $ 1,833 $ 2,381