XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements Of Cash Flow - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 410,559 $ 362,778
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 273,051 255,490
Deferred income taxes 1,569 (40,541)
Provision for doubtful accounts 15,818 17,021
Stock-based compensation 5,363 8,929
Gain on sale of utility systems and other assets (92,067) (184)
Net change in receivables, deferred purchased gas costs, inventory and prepayments (9,543) 265,922
Net change in payables, accrued interest, accrued taxes and other accrued liabilities 40,703 (5,266)
Pension and other postretirement benefits contributions (9,394) (20,343)
Other, net (13,549) (39,237)
Net cash flows from operating activities 622,510 804,569
Cash flows from investing activities:    
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $5,381 and $4,502 (932,498) (874,491)
Acquisitions of utility systems, net (602) (45,303)
Net proceeds from the sale of utility systems and other assets 167,274 634
Other, net (218) 451
Net cash flows used in investing activities (766,044) (918,709)
Cash flows from financing activities:    
Customers' advances and contributions in aid of construction 10,245 13,151
Repayments of customers' advances (4,121) (5,222)
Net repayments of short-term debt (17,106) (96,668)
Proceeds from long-term debt 1,394,411 681,203
Repayments of long-term debt (1,024,722) (570,634)
Change in cash overdraft position 3,437 (9,006)
Proceeds from issuance of common stock under dividend reinvestment plan 11,603 12,061
Proceeds from issuance of common stock from at-the-market sale agreement 32,083 322,983
Proceeds from exercised stock options 538 229
Repurchase of common stock (2,234) (3,955)
Dividends paid on common stock (257,011) (232,916)
Other, net 235 21
Net cash flows from financing activities 147,358 111,247
Net change in cash and cash equivalents 3,824 (2,893)
Cash and cash equivalents at beginning of period 4,612 11,398
Cash and cash equivalents at end of period 8,436 8,505
Non-cash investing activities:    
Property, plant and equipment additions purchased at the period end, but not yet paid for 121,371 106,150
Non-cash utility property contributions $ 37,098 $ 36,913