XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net Income $ 533,947 $ 441,601
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 227,470 207,807
Allowance for equity funds used during construction (equity AFUDC) (15,073) (13,598)
Regulatory credit resulting from Tax Reform (15,376) (6,997)
Equity in earnings of unconsolidated affiliates 0 (1,594)
Distribution from unconsolidated affiliates 0 2,496
Changes in operating assets and liabilities:    
Receivables - affiliates (319) (599)
Receivables - trade and other 38,704 (22,563)
Transportation and exchange gas receivable (829) (5,846)
Inventories (8,416) (3,671)
Payables - affiliates 5,520 5,603
Payables - trade 282,731 (20,397)
Accrued liabilities 43,104 (8,346)
Reserve for rate refunds (188,842) 85,853
Asset retirement obligations (23,299) 16,897
Deferred revenue (5,282) (5,279)
Other, net 2,191 37,518
Net cash provided by operating activities 876,231 708,885
Cash flows from financing activities:    
Proceeds from long-term debt 1,195,629 0
Proceeds from other financing obligations 5,079 20,429
Payments of other financing obligations 9,786 7,944
Payments of debt issuance costs 9,790 0
Cash distributions to parent (535,000) (346,000)
Advances from affiliate, net (252,549) 34,345
Net cash provided by (used in) financing activities 393,583 (299,170)
Cash flows from investing activities:    
Capital expenditures (343,234) (412,561)
Contributions and advances for construction costs 14,852 17,481
Disposal of property, plant and equipment, net (18,686) (17,077)
Advances to affiliate, net (905,827) 33,034
Payments to Pine Needle for repayment of debt 0 (12,250)
Purchase of ARO Trust investments (45,048) (42,632)
Proceeds from sale of ARO Trust investments 28,129 26,636
Other, net 0 (2,346)
Net cash used in investing activities (1,269,814) (409,715)
Increase (decrease) in cash 0 0
Cash at beginning of period 0 0
Cash at end of period 0 0
Increase to property, plant and equipment, exclusive of equity AFUDC (304,167) (446,594)
Changes in related accounts payable and accrued liabilities (39,067) 34,033
Capital expenditures $ (343,234) $ (412,561)