XML 20 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 17,463 $ 19,522
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 10,677 10,052
Provision for Deferred Income Taxes and Investment Tax Credits 8,394 5,382
Equity Portion of Allowance for Funds Used During Construction (AFUDC) (323) (261)
Cash Surrender Value of Life Insurance (161) (89)
Stock Compensation Expense 673 649
Changes in Assets and Liabilities:    
Accounts Receivable (1,601) (3,213)
Unbilled Revenues (2,038) (2,285)
Materials and Supplies (347) (1,799)
Prepayments (564) (778)
Accounts Payable (230) 3,806
Accrued Taxes (504) 1,506
Accrued Interest (693) (703)
Employee Benefit Plans (1,362) (1,169)
Unearned Revenue & Advanced Service Fees 39 24
Other Assets and Liabilities (774) 16
NET CASH PROVIDED BY OPERATING ACTIVITIES 28,649 30,660
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility Plant Expenditures, Including AFUDC of $150 in 2017, $126 in 2016 (35,170) (34,146)
NET CASH USED IN INVESTING ACTIVITIES (35,170) (34,146)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of Long-term Debt (5,163) (4,917)
Proceeds from Issuance of Long-term Debt 6,968 3,903
Net Short-term Bank Borrowings 12,500 10,600
Deferred Debt Issuance Expense (144) (158)
Proceeds from Issuance of Common Stock 908 1,159
Payment of Common Dividends (10,344) (9,695)
Payment of Preferred Dividends (108) (108)
Construction Advances and Contributions-Net 726 686
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,343 1,470
NET CHANGES IN CASH AND CASH EQUIVALENTS (1,178) (2,016)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,879 3,469
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,701 1,453
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:    
Utility Plant received as Construction Advances and Contributions 3,238 1,217
Long-term Debt Deobligation 476
Cash Paid During the Year for:    
Interest 4,775 4,658
Interest Capitalized 150 126
Income Taxes $ 1,462 $ 4,011