XML 20 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 263,965 $ 149,631
Adjustments to reconcile net income to cash flows from operating activities    
Unrealized loss (gain) on derivative instruments 23,246 (26,553)
Gain on sale of available for sale securities, net (5,332) (7,287)
Gain on sale of business, net (3,722) 0
Depreciation and amortization 44,314 39,588
Amortization of acquired wholesale energy contracts 17,911 0
Allowance for equity used during construction (2,051) (1,586)
Allowance for bad debt expense 994 519
Deferred income taxes 28,169 32,202
Deferred income tax benefit due to tax legislation (58,532) 0
Manufactured gas plant remediation costs (7,219) (3,704)
Distributions received from equity investees, net of equity in earnings (272) (463)
Cost of removal - asset retirement obligations (334) (242)
Contributions to postemployment benefit plans (1,648) (1,884)
Tax benefit from stock-based compensation 2,841 1,231
Changes in:    
Components of working capital (27,122) (31,231)
Other noncurrent assets 38,462 24,580
Other noncurrent liabilities (1,199) (2,997)
Cash flows from operating activities 312,471 171,804
Expenditures for:    
Utility plant (69,695) (58,761)
Solar and wind equipment (58,992) (89,905)
Real estate properties and other (3,159) (516)
Cost of removal (33,092) (14,838)
Investments in equity investees (11,177) (10,538)
Distribution from equity investees in excess of equity in earnings 1,315 1,273
Cash paid related to acquisition (10,000) 0
(Deposits to) withdrawal from restricted cash construction fund (45) 1,337
Proceeds from sale of property, net of closing costs 0 9,443
Proceeds from sale of business, net of closing costs 9,399 0
Proceeds from sale of available for sale securities 6,616 6,639
Cash flows used in investing activities (168,830) (155,866)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Payments of long-term debt (5,346) (41,660)
Net (payments of) proceeds from short-term debt (115,100) 116,200
Proceeds from sale-leaseback transaction 7,820 9,587
Payments of common stock dividends (47,459) (43,898)
Proceeds from waiver discount issuance of common stock 22,690 0
Proceeds from issuance of common stock 9,876 9,731
Purchases of treasury stock 0 (6,355)
Tax withholding payments related to net settled stock compensation (13,420) (4,354)
Cash flows (used in) from financing activities (140,939) 39,251
Change in cash and cash equivalents 2,702 55,189
Cash and cash equivalents at beginning of period 2,226 37,546
Cash and cash equivalents at end of period 4,928 92,735
CHANGES IN COMPONENTS OF WORKING CAPITAL    
Receivables (151,220) (137,408)
Inventories 128,895 62,321
Recovery of gas costs 20,260 (9,616)
Gas purchases payable 18,928 21,159
Prepaid and accrued taxes 15,879 25,829
Accounts payable and other (17,541) (10,027)
Restricted broker margin accounts (29,164) 28,432
Customers' credit balances and deposits (8,696) (12,765)
Other current assets (4,463) 844
Components of working capital (27,122) (31,231)
Cash paid (received) for:    
Interest (net of amounts capitalized) 23,765 21,578
Income taxes 2,985 (6,431)
Accrued capital expenditures 14,485 23,284
Inception gain on natural gas swap contract recognized as non-cash proceeds from sale of business $ 14,579 $ 0