| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Net income | |||||||||||
213,322 | 272,662 | 191,276 | 82,631 | -32,111 | 130,889 | - | - | - | - | - | 105,210 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | |||||||||||
0 | -6,887 | -17,099 | -64,162 | -173,659 | - | - | - | - | - | - | - |
Net income available for common stock | |||||||||||
- | - | - | - | - | - | 117,423 | 102,440 | 49,730 | 68,685 | 81,555 | - |
(Income) loss from discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | -884 | -6,977 | 9,365 | 5,544 | 4,286 | 157,247 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||
213,322 | 279,549 | 208,375 | 146,793 | 141,548 | - | 118,307 | 109,417 | 40,365 | 63,141 | 77,269 | -52,037 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation, depletion and amortization | |||||||||||
209,120 | 196,328 | 188,246 | 175,533 | 126,533 | 144,745 | 137,324 | 145,923 | 135,591 | 126,606 | 120,938 | 107,263 |
Deferred financing cost amortization | |||||||||||
7,838 | 7,845 | 8,261 | 6,180 | 6,364 | 2,127 | 6,763 | 5,555 | 5,655 | 5,859 | - | - |
Impairment of investment | |||||||||||
19,741 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Impairment of long-lived assets | |||||||||||
- | - | - | - | - | 0 | 0 | 49,571 | 0 | 0 | 43,301 | 91,782 |
Gain on sale of operating assets | |||||||||||
- | - | - | - | - | - | - | 75,854 | 0 | 8,921 | 25,971 | 0 |
Stock compensation | |||||||||||
12,095 | 12,390 | 7,626 | 10,885 | 4,076 | 9,329 | 12,595 | 8,271 | 5,643 | 5,637 | 3,908 | 2,657 |
Earnings of associated companies | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,581 |
Unrealized (gain) loss on interest rate swaps, net | |||||||||||
- | - | - | - | - | - | 30,169 | 1,882 | -42,010 | -13,546 | -19,083 | 36,847 |
Unrealized (gain) loss on interest rate swaps, net | |||||||||||
- | - | - | - | - | - | - | - | - | -15,193 | 55,653 | -94,440 |
Deferred income taxes | |||||||||||
38,020 | -24,239 | 80,992 | 82,704 | 74,704 | 70,232 | 65,216 | 51,535 | 33,600 | 17,354 | 45,610 | 2,058 |
Equity in (earnings) loss of unconsolidated subsidiaries | |||||||||||
- | - | - | - | - | - | - | - | - | 1,559 | 1,343 | - |
Allowance for funds used during construction - equity | |||||||||||
- | - | - | - | - | - | - | - | - | 2,996 | 5,891 | 3,835 |
Employee benefit plans | |||||||||||
12,406 | 14,068 | 10,141 | 14,291 | 20,616 | 14,814 | 22,194 | 20,973 | 14,586 | 16,342 | 16,349 | 7,779 |
Other adjustments, net | |||||||||||
-16,485 | -5,836 | 4,773 | 5,519 | 4,872 | -14,415 | -9,826 | -4,929 | 5,799 | 9,710 | -4,539 | 6,720 |
Changes in certain operating assets and liabilities: | |||||||||||
Materials, supplies and fuel | |||||||||||
-2,052 | 2,919 | 10,089 | -1,211 | -7,216 | 4,563 | 5,770 | -6,343 | 21,385 | 338 | -36,767 | -14,525 |
Accounts receivable and other current assets | |||||||||||
-7,578 | 45,966 | -4,534 | 27,172 | -33,255 | 18,684 | 18,945 | -13,739 | -22,290 | 18,480 | 26,593 | -50,955 |
Accounts payable and other current liabilities | |||||||||||
-34,906 | 5,305 | -28,222 | -33,023 | -74,748 | 7,887 | 15,336 | -10,713 | -31,091 | -12,848 | 4,404 | -21,453 |
Regulatory assets - current | |||||||||||
-23,619 | -33,608 | 15,407 | -3,614 | -21,883 | 38,774 | -8,323 | - | - | 21,283 | -2,598 | 36,400 |
Regulatory liabilities - current | |||||||||||
-15,158 | 18,533 | -4,536 | -14,082 | 1,675 | -7,633 | -3,299 | - | - | 50 | 1,265 | 526 |
Contributions to defined benefit pension plans | |||||||||||
12,700 | 12,700 | 27,700 | 14,200 | 10,200 | 10,200 | 12,500 | 25,350 | 11,050 | 30,015 | 16,945 | 500 |
Interest rate swap settlement | |||||||||||
- | - | - | 28,820 | 0 | 0 | - | - | - | - | - | - |
Other operating activities, net | |||||||||||
-6,001 | -6,689 | 8,418 | 660 | 9,033 | -733 | -312 | 6,670 | 13,721 | 1,013 | -7,091 | -4,446 |
Net cash provided by operating activities of continuing operations | |||||||||||
505,513 | 494,327 | 409,030 | 317,735 | 339,017 | - | 325,513 | 295,787 | 216,694 | 156,565 | 303,912 | 127,588 |
Net cash provided by (used in) operating activities of discontinued operations | |||||||||||
0 | -5,516 | 19,231 | 2,744 | 85,366 | - | -884 | 21,184 | 7,010 | -8,813 | -33,410 | 18,053 |
Net cash provided by operating activities | |||||||||||
505,513 | 488,811 | 428,261 | 320,479 | 424,383 | 315,317 | 324,629 | 316,971 | 223,704 | 147,752 | 270,502 | 145,641 |
Investing activities: | |||||||||||
Property, plant and equipment additions | |||||||||||
818,376 | 457,524 | 326,010 | 454,952 | 266,375 | 398,494 | 354,749 | 349,129 | 440,698 | 472,292 | 346,650 | 328,922 |
Business Combination, Consideration Transferred, Net of Long Term Debt and Cash Acquired | |||||||||||
- | - | - | 1,124,238 | 21,970 | 0 | - | - | - | - | - | - |
Purchase of investment | |||||||||||
0 | 24,429 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of assets | |||||||||||
- | - | - | - | - | 0 | - | 253,791 | 583 | 70,357 | 84,661 | 0 |
Acquisition of net assets | |||||||||||
- | - | - | - | - | - | 0 | - | - | 2,250 | 0 | 938,423 |
Working capital adjustment of purchase price allocation on Aquila assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,880 | 0 |
Other investing activities | |||||||||||
-2,166 | 4,281 | -1,011 | 562 | 444 | 2,653 | -5,471 | 180 | 4,533 | -15,407 | 15,494 | -4,537 |
Net cash (used in) investing activities of continuing operations | |||||||||||
-816,210 | -486,234 | -324,999 | -1,579,752 | -288,789 | - | -349,278 | -95,518 | -444,648 | -388,778 | -269,603 | -427,216 |
Proceeds from sale of business operations | |||||||||||
- | - | - | - | - | - | - | 107,511 | 0 | 0 | - | 835,592 |
Net cash provided by investing activities of discontinued operations | |||||||||||
0 | 20,385 | 7,881 | -8,413 | -187,600 | - | 0 | -824 | -2,359 | -390 | -220 | -29,836 |
Net cash (used in) investing activities | |||||||||||
-816,210 | -465,849 | -317,118 | -1,588,165 | -476,389 | -401,147 | -349,278 | 11,169 | -447,007 | -389,168 | -269,823 | -457,052 |
Financing activities: | |||||||||||
Dividends paid on common stock | |||||||||||
124,647 | 106,591 | 96,744 | 87,570 | 72,604 | 69,636 | 67,587 | 65,262 | 59,202 | 56,467 | 55,151 | 53,663 |
Common stock issued | |||||||||||
101,358 | 300,834 | 4,408 | 121,619 | 248,759 | 3,251 | 4,354 | 4,726 | 123,041 | 3,246 | 4,819 | 2,683 |
Net (payments) borrowings of short-term debt | |||||||||||
164,000 | -25,680 | 114,700 | 19,800 | 1,800 | - | - | - | - | - | - | - |
Short-term borrowings - issuances | |||||||||||
- | - | - | - | - | 396,250 | 337,650 | 203,753 | 1,017,300 | 854,500 | 586,000 | 1,150,300 |
Short-term borrowings - repayments | |||||||||||
- | - | - | - | - | 403,750 | 532,150 | 271,753 | 821,300 | 770,000 | 1,125,300 | 483,500 |
Long-term debt - issuance | |||||||||||
1,100,000 | 700,000 | 0 | 1,767,608 | 300,000 | 160,000 | 800,000 | 0 | 0 | 200,000 | 543,069 | 0 |
Long-term debt - repayments | |||||||||||
905,743 | 854,743 | 105,743 | 1,164,308 | 275,000 | 12,200 | 445,906 | 240,077 | 8,382 | 59,926 | 2,173 | 130,297 |
Sale of noncontrolling interest | |||||||||||
- | - | - | 216,370 | 0 | 0 | - | - | - | - | - | - |
Distributions to noncontrolling interest | |||||||||||
17,901 | 19,617 | 18,397 | 9,561 | 0 | 0 | - | - | - | - | - | - |
Equity units - issuance | |||||||||||
- | - | - | - | 290,030 | 0 | 0 | - | - | - | - | - |
De-designated interest rate swap settlement | |||||||||||
- | - | - | - | - | - | 63,939 | 0 | 0 | - | - | - |
Other financing activities | |||||||||||
-16,737 | -11,260 | -6,919 | -22,960 | -9,283 | 17,152 | -15,394 | -2,833 | -1,666 | -8,363 | -5,527 | -12,907 |
Net cash provided by (used in) financing activities of continuing operations | |||||||||||
- | - | - | - | - | - | 17,028 | -371,446 | 249,791 | 162,990 | -54,263 | 472,616 |
Net cash provided by (used in) financing activities of discontinued operations | |||||||||||
- | - | - | - | - | - | 0 | 0 | -158 | -2,037 | -2,047 | -73,928 |
Net cash provided by (used in) financing activities | |||||||||||
300,210 | -17,057 | -108,695 | 840,998 | 483,702 | 91,067 | 17,028 | -371,446 | 249,633 | 160,953 | -56,310 | 398,688 |
Net change in cash, restricted cash and cash equivalents | |||||||||||
-10,487 | 5,905 | 2,448 | -426,688 | 431,696 | 5,237 | -7,621 | -43,306 | 26,330 | -80,463 | -55,631 | 87,277 |