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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net income $ 48,231 $ 29,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,683 47,363
Deferred income taxes (6,358) (7,214)
Stock-based compensation 2,318 2,556
Gain on sale of real estate investments (1,050) (745)
Loss on sale of utility property 0 20
Changes in operating assets and liabilities:    
Accounts receivable and accrued unbilled utility revenue (34,491) (20,553)
Accounts payable and other current liabilities (3,877) 4,166
Accrued groundwater extraction charges, purchased water and power 10,396 9,055
Tax receivable and payable, and other accrued taxes 6,459 4,471
Postretirement benefits 408 2,514
Regulatory assets and liabilities related to balancing and memorandum accounts (14,086) 22,789
Up-front service concession payment (5,000) 0
Other changes, net (1,018) (2,258)
NET CASH PROVIDED BY OPERATING ACTIVITIES 70,615 91,277
INVESTING ACTIVITIES:    
Company-funded (130,426) (101,120)
Contributions in aid of construction (9,584) (10,040)
Additions to real estate investments (391) (137)
Payments to retire utility plant, net of salvage (1,877) (4,374)
Proceeds from sale of real estate investments 1,068 745
Proceeds from sale of utility property 0 150
NET CASH USED IN INVESTING ACTIVITIES (141,210) (114,776)
FINANCING ACTIVITIES:    
Borrowings on line of credit 226,884 73,000
Repayments on line of credit (218,290) (111,000)
Long-term borrowings 85,000 80,000
Repayments of long-term borrowings (9,589) 0
Debt issuance and broker fee costs (646) (1,157)
Dividends paid (27,371) (25,596)
Receipts of advances and contributions in aid of construction 19,059 13,373
Refunds of advances for construction (2,121) (2,295)
Other changes, net (64) 1,154
NET CASH PROVIDED BY FINANCING ACTIVITIES 72,862 27,479
NET CHANGE IN CASH AND CASH EQUIVALENTS 2,267 3,980
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 17,944 420,722
CASH AND CASH EQUIVALENTS, END OF PERIOD 20,211 424,702
Cash paid during the period for:    
Interest 40,409 19,821
Income taxes 7,024 16,286
Supplemental disclosure of non-cash activities:    
Change in accrued payables for construction costs capitalized 1,997 505
Utility property installed by developers $ 5,051 $ (109)