XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 13,447 $ 14,330 $ 9,977
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 10,432 9,958 9,217
Provision for Deferred Income Taxes and Investment Tax Credits 2,098 630 5,522
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (523) (611) (580)
Cash Surrender Value of Life Insurance (92) 104 (387)
Stock Compensation Expense 394 323 386
Changes in Assets and Liabilities:      
Accounts Receivable (28) (2,222) (1,112)
Unbilled Revenues (90) (328) 398
Materials & Supplies 173 (578) (143)
Prepayments (221) (292) 372
Accounts Payable (697) 2,055 (1,341)
Accrued Taxes (905) 3,066 (2,096)
Accrued Interest 30 (263) (192)
Employee Benefit Plans (1,591) (1,904) (354)
Unearned Revenue & Advanced Service Fees (130) 3 19
Other Assets and Liabilities 539 1,294 (1,180)
NET CASH PROVIDED BY OPERATING ACTIVITIES 22,836 25,565 18,506
CASH FLOWS FROM INVESTING ACTIVITIES:      
Utility Plant Expenditures, Including AFUDC of $299 in 2011, $359 in 2010 and $421 in 2009 (23,562) (29,604) (20,128)
Restricted Cash 3,796 (1,790) 456
Investment in Joint Venture (300)      
NET CASH USED IN INVESTING ACTIVITIES (20,066) (31,394) (19,672)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Redemption of Long-term Debt (4,427) (4,314) (18,244)
Proceeds from Issuance of Long-term Debt 3,447 13,970 12,014
Net Short-term Bank Borrowings 7,250 (25,850) 16,973
Deferred Debt Issuance Expense (37) (25) (116)
Common Stock Issuance Expense    (133)   
Restricted Cash       (25)
Repurchase of Preferred Stock (9) (11)   
Proceeds from Issuance of Common Stock 1,504 29,845 1,251
Payment of Common Dividends (11,437) (10,510) (9,582)
Payment of Preferred Dividends (206) (207) (208)
Construction Advances and Contributions-Net 1,798 1,239 93
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (2,117) 4,004 2,156
NET CHANGES IN CASH AND CASH EQUIVALENTS 653 (1,825) 990
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,453 4,278 3,288
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,106 2,453 4,278
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:      
Utility Plant received as Construction Advances and Contributions 7,393 2,043 4,264
Long-term Debt Deobligation 560    1,352
Cash Paid During the Year for:      
Interest 6,336 7,155 6,887
Interest Capitalized 299 359 421
Income Taxes $ 4,733 $ 4,617 $ 1,856