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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 5,000$ 6,341
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization5,5305,204
Deferred income taxes, net3,4472,412
Stock compensation9180
AFUDC(140)(140)
Changes in assets and liabilities:  
Accounts receivable, net of allowance for doubtful accounts280854
Unbilled operating revenues(259)(647)
Materials and supplies(244)(8)
Prepaid property taxes(682)(671)
Prepaid expenses and other1,319(539)
Other deferred assets(264)(128)
Regulatory assets358(107)
Accounts payable(660)(577)
Accrued expenses481594
Accrued interest163(23)
Customer deposits and other, net(361)671
Postretirement benefit obligation(159)(50)
NET CASH PROVIDED BY OPERATING ACTIVITIES13,90013,266
CASH FLOWS USED IN INVESTING ACTIVITIES  
Capital expenditures (net of AFUDC)(10,730)(11,650)
Proceeds from sale of assets4743
NET CASH USED IN INVESTING ACTIVITIES(10,683)(11,607)
CASH FLOWS FROM FINANCING ACTIVITIES  
Net repayments under lines of credit agreements(16,876)(1,258)
(Decrease) increase in overdraft payable(129)2,409
Net advances and contributions in aid of construction5001,671
Change in deferred debt issuance costs4327
Net proceeds from issuance of common stock16,7401,029
Dividends paid(4,532)(4,243)
Issuance of long-term debt2,8920
Principal repayments of long-term debt(1,827)(1,334)
NET CASH USED IN FINANCING ACTIVITIES(3,189)(1,699)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS28(40)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR179474
CASH AND CASH EQUIVALENTS AT END OF PERIOD207434
Supplemental Disclosures of Cash Flow Information:  
Utility plant received as construction advances and contributions614329
Interest paid5,3375,455
Income taxes paid$ 0$ 1,942