XML 17 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 4,790 $ 3,636
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 3,356 3,256
Provision for Deferred Income Taxes and Investment Tax Credits 1,315 581
Equity Portion of Allowance for Funds Used During Construction (AFUDC) $ (40) (50)
Cash Surrender Value of Life Insurance (48)
Stock Compensation Expense $ 141 116
Changes in Assets and Liabilities:    
Accounts Receivable 530 (618)
Unbilled Revenues (293) (250)
Materials & Supplies (295) 37
Prepayments 43 446
Accounts Payable (25) 600
Accrued Taxes 3,751 3,593
Accrued Interest (686) (680)
Employee Benefit Plans 19 1,000
Unearned Revenue and Advanced Service Fees 10 12
Other Assets and Liabilities (281) (200)
NET CASH PROVIDED BY OPERATING ACTIVITIES 12,335 11,431
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility Plant Expenditures, Including AFUDC of $21 in 2016, $32 in 2015 $ (6,672) (4,885)
Restricted Cash 977
NET CASH USED IN INVESTING ACTIVITIES $ (6,672) (3,908)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of Long-term Debt $ (1,092) (1,046)
Proceeds from Issuance of Long-term Debt 3,000
Net Short-term Bank Borrowings $ (1,000) (4,000)
Proceeds from Issuance of Common Stock 433 372
Payment of Common Dividends (3,226) (3,105)
Payment of Preferred Dividends (36) (36)
Construction Advances and Contributions-Net (565) (335)
NET CASH USED IN FINANCING ACTIVITIES (5,486) (5,150)
NET CHANGES IN CASH AND CASH EQUIVALENTS 177 2,373
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,469 2,673
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,646 5,046
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Utility Plant received as Construction Advances and Contributions 891 $ 766
Long-term Debt Deobligation 419
Cash Paid During the Year for:    
Interest 1,774 $ 1,847
Interest Capitalized 21 $ 32
Income Taxes $ 1