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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 66,038 $ 40,329
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,544 79,862
Deferred income taxes 12,996 7,135
Stock-based compensation 3,576 3,991
Allowance for equity funds used during construction (1,649) (1,324)
Gain on sale of nonutility asset 0 (5,532)
Changes in operating assets and liabilities:    
Accounts receivable and accrued unbilled utility revenue (26,782) (22,511)
Accounts payable and other current liabilities 557 (1,475)
Accrued groundwater extraction charges, purchased water and power 13,463 10,494
Tax receivable and payable, and other accrued taxes 690 (1,851)
Postretirement benefits (1,851) (2,719)
Regulatory assets and liabilities excluding income tax temporary differences, net and postretirement benefits 16,092 21,776
Up-front service concession payment 0 (1,600)
Other changes, net (4,371) 2,774
NET CASH PROVIDED BY OPERATING ACTIVITIES 159,303 129,349
INVESTING ACTIVITIES:    
Company-funded (195,937) (160,515)
Contributions in aid of construction (13,604) (17,773)
Additions to nonutility assets (24,244) (610)
Payments to retire utility plant, net of salvage (908) (2,432)
Proceeds from sale of nonutility properties 0 310
Payments for business acquisitions (7,286) (433)
Other changes, net 238 0
NET CASH USED IN INVESTING ACTIVITIES (241,741) (181,453)
FINANCING ACTIVITIES:    
Borrowings on line of credit 102,655 152,655
Repayments on line of credit (133,800) (16,481)
Long-term borrowings 70,000 15,000
Repayments of long-term borrowings (3,062) (87,757)
Issuance of common stock, net of issuance costs 75,284 3,107
Dividends paid (35,762) (32,667)
Receipts of advances and contributions in aid of construction 18,889 21,593
Refunds of advances for construction (2,148) (2,177)
Other changes, net (895) (98)
NET CASH PROVIDED BY FINANCING ACTIVITIES 91,161 53,175
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 8,723 1,071
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 12,344 12,119
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 21,067 13,190
LESS RESTRICTED CASH, END OF PERIOD 0 0
CASH AND CASH EQUIVALENTS, END OF PERIOD 21,067 13,190
Cash paid during the period for:    
Interest 44,132 42,473
Income taxes 818 572
Supplemental disclosure of non-cash activities:    
Accrued payables for additions to utility plant 26,315 22,044
Utility property installed by developers 1,295 976
Seller financing in asset acquisition, net of discount $ 15,400 $ 0