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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:      
Net Income $ 63,871 $ 69,367 $ 59,743
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,663 39,273 39,109
Provision for doubtful accounts 841 989 619
Deferred income taxes and investment tax credits (5,773) 12,153 27,640
Stock-based compensation expense 3,851 2,885 2,538
Gain on sale of assets (85) (8,318) 0
Other - net 655 (1,525) (397)
Changes in assets and liabilities:      
Accounts receivable - customers 1,882 (7,671) (1,750)
Unbilled revenue-receivable 2,823 (2,020) (4,901)
Other accounts receivable 5,151 (1,671) (1,233)
Receivable from the U.S. government 20,976 (4,742) 2,606
Materials and supplies (980) (501) 1,121
Prepayments and other assets (519) (1,641) 2,239
Contract Assets 5,941 0 0
Costs and estimated earnings in excess of billings on contracts 0 2,881 10,433
Regulatory Assets / Liabilities 33,834 24,626 (5,610)
Accounts payable 1,282 4,358 (3,442)
Income taxes receivable / payable 2,708 13,206 (6,993)
Accrued pension and other post-retirement benefits (1,086) (878) (289)
Contract liabilities/Billing in Excess of Cost of Earnings 3,619 1,648 (1,501)
Other liabilities (928) (1,589) 3,095
Net Cash Provided by (Used in) Operating Activities 136,774 144,552 96,949
Cash Flows From Investing Activities:      
Capital expenditures (126,561) (113,126) (129,867)
Proceeds from sale of assets 72 34,324 0
Other investments (1,553) (1,229) (1,354)
Net Cash Provided by (Used in) Investing Activities (128,042) (80,031) (131,221)
Cash Flows From Financing Activities:      
Proceeds from stock option exercises 546 909 235
Tax benefits from stock-based awards 0 0 581
Receipt of advances for and contributions in aid of construction 5,551 7,275 6,660
Refunds on advances for construction 3,886 3,889 3,921
Retirement or repayments of long-term debt 326 329 313
Net change in notes payable to banks (36,500) 31,000 (62,000)
Dividends paid (38,937) (36,417) (33,408)
Other (1,253) (1,292) (1,490)
Net Cash Provided by (Used in) Financing Activities (1,805) (64,743) 30,344
Net increase (decrease) in cash and cash equivalents 6,927 (222) (3,928)
Cash and cash equivalents, beginning of year 214 436 4,364
Cash and cash equivalents, end of year 7,141 214 436
GSWC      
Cash Flows From Operating Activities:      
Net Income 48,012 53,757 46,969
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,633 38,094 38,063
Provision for doubtful accounts 850 816 627
Deferred income taxes and investment tax credits (6,817) 13,970 28,099
Stock-based compensation expense 3,397 2,420 2,118
Gain on sale of assets (8) (8,318) 0
Other - net 585 (1,613) (352)
Changes in assets and liabilities:      
Accounts receivable - customers 1,882 (7,671) (1,750)
Unbilled revenue-receivable 960 (1,152) 481
Other accounts receivable 4,140 (544) (896)
Materials and supplies (751) (322) 1,136
Prepayments and other assets (154) (1,450) 2,114
Regulatory Assets / Liabilities 33,834 24,626 (5,610)
Accounts payable (1,907) 4,927 (1,514)
Inter-company receivable / payable (47) (390) 280
Income taxes receivable / payable 973 15,266 (10,856)
Accrued pension and other post-retirement benefits (1,086) (878) (289)
Other liabilities (2,057) (1,930) 2,666
Net Cash Provided by (Used in) Operating Activities 120,439 129,608 101,286
Cash Flows From Investing Activities:      
Capital expenditures (116,354) (110,487) (127,913)
Proceeds from sale of assets 9 34,324 0
Other investments (1,553) (1,229) (1,389)
Net Cash Provided by (Used in) Investing Activities (117,898) (77,392) (129,302)
Cash Flows From Financing Activities:      
Proceeds from Issuance of Common Shares to Parent 47,500 0 0
Tax benefits from stock-based awards 0 0 501
Receipt of advances for and contributions in aid of construction 5,551 7,275 6,660
Refunds on advances for construction 3,886 3,889 3,921
Retirement or repayments of long-term debt 326 329 313
Net change in inter-company borrowings (22,500) 26,500 (49,500)
Dividends paid (68,850) (27,680) (25,450)
Other (1,057) (1,088) (1,253)
Net Cash Provided by (Used in) Financing Activities 1,432 (52,211) 25,724
Net increase (decrease) in cash and cash equivalents 3,973 5 (2,292)
Cash and cash equivalents, beginning of year 214 209 2,501
Cash and cash equivalents, end of year $ 4,187 $ 214 $ 209