XML 41 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,770 $ 4,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,401 4,293
Deferred income taxes, net 1,839 558
Stock compensation 46 67
AFUDC, equity portion (44) (94)
Changes in assets and liabilities:    
Accounts receivable, net of allowance for doubtful accounts (878) (411)
Income taxes receivable 1,284 255
Unbilled operating revenues 1,360 158
Materials and supplies 131 (261)
Prepaid property taxes 1,398 1,488
Prepaid expenses and other (365) (388)
Other deferred assets (178) (173)
Regulatory assets (6) (45)
Accounts payable (1,166) (798)
Accrued expenses 218 1,583
Accrued interest (392) (17)
Customer deposits and other, net 1,530 (232)
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,948 10,028
CASH FLOWS USED IN INVESTING ACTIVITIES    
Capital expenditures (net of AFUDC, equity portion) (9,581) (9,704)
Proceeds from sale of assets 17 13
NET CASH USED IN INVESTING ACTIVITIES (9,564) (9,691)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (repayments) borrowings under lines of credit agreements (4,675) 307
Increase in overdraft payable 396 136
Net advances and contributions in aid of construction 3,080 1,655
Change in deferred debt issuance costs 61 60
Net proceeds from issuance of common stock 364 1,216
Dividends paid (3,865) (3,724)
Issuance of long-term debt 0 548
Principal repayments of long-term debt (628) (563)
NET CASH USED IN FINANCING ACTIVITIES (5,267) (365)
NET INCREASE IN CASH AND CASH EQUIVALENTS 117 (28)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 243 422
CASH AND CASH EQUIVALENTS AT END OF PERIOD 360 394
Supplemental Disclosures of Cash Flow Information:    
Utility plant received as construction advances and contributions 695 50
Interest paid 3,895 3,496
Income taxes paid $ 718 $ 1,573