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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 32,395 $ 29,816
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,847 53,510
Deferred income taxes 1,278 8,706
Stock-based compensation 2,813 2,338
Allowance for equity funds used during construction (1,145) (1,111)
Changes in operating assets and liabilities:    
Accounts receivable and accrued unbilled utility revenue (9,746) (3,687)
Accounts payable and other current liabilities (1,952) (107)
Accrued groundwater extraction charges, purchased water and power 8,102 3,300
Tax receivable and payable, and other accrued taxes 3,617 (3,367)
Postretirement benefits (1,080) (628)
Regulatory assets and liabilities excluding cost of removal, income tax temporary differences, and postretirement benefits 8,621 12,142
Other changes, net (218) (3,548)
Net cash provided by operating activities 100,532 97,364
Investing activities:    
Company-funded (158,368) (115,749)
Contributions in aid of construction (11,779) (9,287)
Cost to retire utility plant, net of salvage (1,434) (468)
Proceeds from sale of real estate investments 40,628 0
Other changes, net (29) 125
Net cash used in investing activities (130,982) (125,379)
Financing activities:    
Borrowings on line of credit 151,668 39,828
Repayments on line of credit (106,556) (116,095)
Long-term borrowings 25,000 70,000
Repayments of long-term borrowings (41,488) (1,560)
Issuance of common stock, net of issuance costs 32,302 63,779
Dividends paid (25,724) (23,669)
Receipts of advances and contributions in aid of construction 10,054 11,047
Refunds of advances for construction (1,341) (1,341)
Other changes, net (384) (844)
Net cash provided by financing activities 43,531 41,145
Net change in cash and cash equivalents 13,081 13,130
Cash and cash equivalents, beginning of period 9,723 12,344
Cash and cash equivalents, end of period 22,804 25,474
Cash paid during the period for:    
Interest 38,100 31,656
Income taxes 702 655
Supplemental disclosure of non-cash activities:    
Accrued payables for additions to utility plant 29,125 27,580
Utility property installed by developers 748 938
Proceeds receivable from sale of real estate investments 2,801 0
Accrued selling expenses on sale of real estate investments $ 2,386 $ 0