| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Net Income | ||||||||||
65,153 | 56,580 | 58,124 | 44,675 | 41,140 | 36,092 | 32,787 | 28,863 | 27,622 | 26,056 | 15,897 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
45,900 | 40,802 | 36,599 | 32,159 | 29,972 | 26,316 | 23,965 | 22,510 | 20,153 | 18,536 | 11,588 |
Goodwill & long-lived asset impairment | ||||||||||
- | - | - | - | - | 6,881 | 0 | 0 | - | - | - |
Depreciation and accretion included in other costs | ||||||||||
8,752 | 8,535 | 8,122 | 7,334 | 6,978 | 6,577 | 6,123 | 5,547 | 5,116 | 4,365 | 2,789 |
Deferred income taxes, net | ||||||||||
-24,476 | -21,226 | -11,085 | 31,257 | 20,520 | 22,235 | 14,860 | 13,881 | 17,320 | 13,332 | 10,065 |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | ||||||||||
7,344 | 0 | 0 | - | - | - | - | - | - | - | - |
Realized gain (loss) on sale of assets/commodity contracts | ||||||||||
4,135 | -5,497 | -3,179 | -695 | 340 | 7,293 | 854 | -5 | 453 | -113 | -47 |
Unrealized loss (gain) on investments and commodity contracts | ||||||||||
1,595 | -429 | 1,001 | 385 | -96 | -501 | 706 | 112 | 41 | 116 | -1,606 |
Unrealized gain on investments | ||||||||||
- | - | - | - | - | - | - | - | 282 | 181 | 212 |
Realized gain on sales of investments, net | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Employee benefits and compensation | ||||||||||
1,985 | 856 | 1,577 | 1,887 | 1,235 | 684 | 1,119 | 1,199 | 1,960 | 1,801 | 1,217 |
Share-based compensation | ||||||||||
4,279 | 2,813 | 2,490 | 2,367 | 1,937 | 1,958 | 1,631 | 1,419 | 1,450 | 1,155 | 1,306 |
Other, net | ||||||||||
0 | 0 | 750 | 79 | -47 | -3 | 28 | 27 | 50 | 17 | 40 |
Changes in assets and liabilities: | ||||||||||
Purchase of investments | ||||||||||
- | - | - | - | - | - | - | - | -660 | 297 | 146 |
Accounts receivable and accrued revenue | ||||||||||
-36,489 | 16,311 | 19,506 | 27,013 | -17,097 | -20,683 | 21,244 | -21,549 | -14,979 | 20,467 | 13,652 |
Propane inventory, storage gas and other inventory | ||||||||||
-8,227 | -2,107 | 9,036 | 2,531 | -1,527 | -4,177 | 4,492 | -603 | 2,484 | -151 | -2,597 |
Regulatory assets/liabilities, net | ||||||||||
7,812 | -2,250 | 2,855 | 7,523 | -3,883 | 11,014 | -2,328 | 4,968 | -18 | -1,659 | 1,842 |
Prepaid expenses and other current assets | ||||||||||
-11,115 | 7,421 | 7,001 | 1,387 | 759 | 699 | 1,064 | 713 | 345 | -1,157 | 757 |
Other deferred charges | ||||||||||
- | - | - | - | - | - | - | - | -179 | 156 | 83 |
Long-term receivables | ||||||||||
- | - | - | - | - | - | - | - | -76 | -286 | -191 |
Accounts payable and other accrued liabilities | ||||||||||
-62,021 | 35,907 | 15,596 | 19,599 | -11,324 | -13,623 | 18,824 | -19,936 | -13,612 | 15,853 | 10,185 |
Income taxes receivable | ||||||||||
4,750 | 522 | -8,110 | -2,466 | 4,967 | 15,936 | -2,311 | -2,223 | 185 | 3,761 | -5,020 |
Customer deposits and refunds | ||||||||||
-1,811 | -596 | 5,513 | 2,065 | 1,976 | -927 | -3,362 | -1,647 | 5,096 | 2,038 | -75 |
Accrued interest | ||||||||||
- | - | - | - | - | - | - | - | -152 | -97 | 66 |
Accrued compensation | ||||||||||
2,120 | 708 | 2,488 | 358 | -331 | 37 | 837 | 437 | 19 | 1,339 | -2,066 |
Regulatory liabilities | ||||||||||
- | - | - | - | - | - | - | - | -2,527 | 740 | 1,071 |
Other assets and liabilities, net | ||||||||||
-16,064 | -35,498 | -2,645 | -1,803 | -3,972 | -2,944 | -104 | -4,192 | -3,396 | -2,371 | 1,074 |
Net cash provided by operating activities | ||||||||||
102,964 | 117,362 | 110,089 | 104,141 | 104,715 | 73,708 | 72,931 | 66,641 | 71,121 | 61,118 | 45,846 |
Investing Activities | ||||||||||
Property, plant and equipment expenditures | ||||||||||
184,727 | 240,351 | 175,329 | 169,861 | 143,599 | 91,588 | 97,120 | 72,776 | 47,037 | 45,637 | 26,703 |
Change in intangibles | ||||||||||
- | - | - | - | - | -14 | 0 | 0 | - | - | - |
Cash acquired in the merger, net of cash paid | ||||||||||
- | - | - | - | - | - | - | - | - | - | 359 |
Proceeds from sale of assets | ||||||||||
427 | 782 | 708 | 174 | 164 | 10,797 | 199 | 2,279 | 937 | 113 | 53 |
Proceeds from sale of investments | ||||||||||
- | - | - | - | - | - | -2,300 | -630 | 300 | 3,108 | -3,519 |
Payments to Acquire Businesses, Gross | ||||||||||
23,988 | 16,654 | 11,945 | 0 | 20,930 | 0 | 20,201 | 124 | 791 | - | - |
Proceeds from the sale of discontinued operations | ||||||||||
22,900 | - | - | - | - | - | - | - | - | - | - |
Payments for Environmental Liabilities | ||||||||||
1,170 | 625 | 329 | 350 | 174 | 233 | -41 | 607 | 645 | 290 | 418 |
Net cash used in investing activities | ||||||||||
-186,587 | -256,848 | -186,895 | -170,037 | -164,539 | -81,010 | -114,781 | -70,598 | -47,836 | -48,922 | -23,190 |
Financing Activities | ||||||||||
Common stock dividends | ||||||||||
24,693 | 22,043 | 19,928 | 17,482 | 15,924 | 13,887 | 13,081 | 12,335 | 11,663 | 11,013 | 7,957 |
Issuance (repurchase) of stock under the Dividend Reinvestment Plan | ||||||||||
-721 | -706 | 89 | 811 | 813 | -165 | -1,342 | -1,273 | -1,244 | 568 | 392 |
Proceeds from issuance of common stock, net of expenses | ||||||||||
0 | 0 | -10 | 57,360 | 0 | 0 | - | - | - | - | - |
Tax withholding payments related to net settled stock compensation | ||||||||||
692 | 1,210 | 692 | 770 | 592 | - | - | - | - | - | - |
Change in cash overdrafts due to outstanding checks | ||||||||||
-1,174 | -5,943 | 1,738 | 3,920 | 2,450 | -921 | -1,666 | 597 | 91 | 3,255 | 835 |
Net borrowings (repayments) under line of credit agreements | ||||||||||
-45,913 | 49,432 | 39,338 | 32,526 | 82,178 | -16,513 | 46,133 | 25,894 | -241 | - | - |
Proceeds from issuance of long-term debt, net of offering fees | ||||||||||
199,648 | 154,819 | 69,807 | 0 | 0 | 49,975 | 26,766 | 0 | 29,000 | - | - |
Other short-term borrowing | ||||||||||
- | - | - | - | - | - | - | - | 29,100 | -29,100 | - |
Net repayment under line of credit agreements | ||||||||||
- | - | - | - | - | - | - | - | - | -1,579 | 3,812 |
Repayment of long-term debt and capital lease obligation | ||||||||||
41,936 | 34,388 | 12,100 | 9,146 | 10,820 | 9,969 | 14,957 | 8,202 | 9,134 | 36,860 | 10,907 |
Other | ||||||||||
- | - | - | - | - | - | 8 | 0 | 0 | - | - |
Net cash (used) provided by financing activities | ||||||||||
84,519 | 139,961 | 78,242 | 67,219 | 58,105 | 8,520 | 41,845 | 4,681 | -22,291 | -13,371 | -21,449 |
Net Increase (Decrease) in Cash and Cash Equivalents | ||||||||||
896 | 475 | 1,436 | 1,323 | -1,719 | 1,218 | -5 | 724 | 994 | -1,175 | 1,207 |