Chesapeake utilities corp (CPK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities
Net Income

28,930

22,564

5,621

8,304

28,664

17,801

5,538

6,386

26,855

26,101

6,833

6,046

19,144

11,863

4,416

8,029

20,367

8,619

5,118

6,294

21,109

10,097

3,180

5,134

17,681

9,683

3,879

4,356

14,869

9,857

3,219

5,060

10,727

7,958

2,397

3,520

13,747

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

12,252

11,851

11,365

11,610

11,074

10,626

10,633

9,839

9,704

9,332

9,361

9,094

8,812

8,666

8,210

7,780

7,503

7,817

7,637

7,543

6,975

6,170

6,775

6,736

6,635

5,894

6,274

5,977

5,820

5,097

5,767

5,885

5,761

5,217

4,978

4,937

5,021

Depreciation and accretion included in other costs

2,361

2,372

2,058

2,187

2,135

2,071

2,036

2,152

2,276

2,133

2,050

2,000

1,939

1,977

1,921

1,790

1,646

1,698

1,794

1,797

1,689

1,425

1,705

1,664

1,783

1,619

1,474

1,554

1,476

1,468

1,393

1,288

1,398

1,361

1,282

1,418

1,055

Deferred income taxes, net

5,738

-33,265

1,043

4,316

3,430

-32,273

3,379

1,199

6,469

-40,605

17,486

4,185

7,849

19,253

5,842

1,836

4,326

21,675

211

-870

-496

22,391

-322

397

-231

4,913

4,151

3,588

2,208

1,779

3,540

3,189

5,373

3,137

1,734

3,560

8,889

Realized gain (loss) on sale of assets/commodity contracts

4,458

3,048

515

209

363

-1,482

-158

-441

-3,416

-5,996

5,040

-893

-1,330

-1,100

1,069

-185

-479

-71

-275

-154

840

6,857

16

412

8

712

103

31

8

13

15

-69

36

4

543

-37

-57

Unrealized loss (gain) on investments and commodity contracts

-1,511

570

-64

368

721

-856

313

158

-44

306

879

-52

-132

142

201

60

-18

-36

-247

208

-21

-545

-46

121

-31

429

124

-61

214

259

85

-172

-60

8

63

-113

83

Unrealized gain on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-259

-241

283

-

-101

185

317

231

-80

-12

143

Realized gain on sales of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

392

241

69

-

-

-

-

-

-

-

-

Employee benefits and compensation

11

822

399

382

382

400

0

228

228

365

393

396

423

670

457

380

380

334

300

301

300

208

157

157

162

411

250

249

209

-1,069

727

1,104

437

1,137

252

127

444

Share-based compensation

1,056

1,974

1,210

608

487

278

288

727

1,520

882

796

173

639

480

623

615

649

492

498

410

537

439

454

427

638

385

385

480

381

308

414

352

345

372

373

376

329

Other, net

-

-

-

-

-

-35

12

11

12

711

22

13

4

121

-18

0

-24

-34

-5

-4

-4

-1

-3

0

1

-56

62

19

3

6

7

7

7

7

25

2

16

Changes in assets and liabilities:
Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

391

7

-

60

203

29

39

-441

-302

44

Accounts receivable and accrued revenue

-8,139

15,508

-635

-33,215

-18,147

49,299

-758

-22,581

-9,649

32,418

13,950

-21,767

-5,095

23,178

6,099

-6,002

3,738

4,801

-1,704

-28,208

8,014

17,621

-1,591

-40,360

3,647

20,677

-5,701

-2,389

8,657

14,974

580

-27,343

-9,760

13,996

-14,958

-6,551

-7,466

Propane inventory, storage gas and other inventory

-3,921

-231

-1,538

749

-7,207

4,272

3,465

2,604

-12,448

780

5,713

9,231

-6,688

352

2,842

2,410

-3,073

1,639

1,239

932

-5,337

-40

1,937

2,169

-8,243

3,559

3,113

2,884

-5,064

3,119

1,694

414

-5,830

2,643

3,156

2,462

-5,777

Regulatory assets/liabilities, net

-7,309

652

5,550

4,731

-3,121

1,649

7,136

476

-11,511

3,782

3,328

1,848

-6,103

4,197

3,845

3,422

-3,941

2,584

6,261

3,779

-16,507

2,149

5,718

3,347

-200

-3,486

2,879

-869

-852

4,512

294

1,076

-914

944

-361

-113

-488

Prepaid expenses and other current assets

-3,359

2,844

-4,299

2,213

-11,873

5,888

13,056

-3,428

-8,095

4,141

4,989

-993

-1,136

1,872

2,393

-1,520

-1,358

600

3,420

-761

-2,500

-105

3,987

-998

-2,185

-297

3,673

-843

-1,469

-143

2,940

-632

-1,452

-399

2,536

-264

-1,528

Accounts payable and other accrued liabilities

-4,243

-10,471

5,352

-12,119

-44,783

45,497

16,562

780

-26,932

11,081

4,795

5,617

-5,897

12,412

7,748

-663

102

-1,427

6,462

-16,709

350

5,081

3,787

-27,312

4,821

10,650

100

6,564

1,510

202

-1,779

-10,220

-8,139

11,272

-24,873

11,030

-11,041

Income taxes receivable

-4,820

8,950

116

1,925

-6,241

6,575

2,305

383

-8,741

-11,920

12,310

1,000

-9,500

12,431

5,783

-11,839

-8,841

19,850

4,417

2,453

-21,753

16,446

2,795

8,260

-11,565

1,669

2,619

2,300

-8,899

-3,233

1,930

478

-1,398

-2,879

398

2,396

270

Customer deposits and refunds

-1,817

1,181

1,324

129

-4,445

-732

2,869

-2,777

44

2,258

1,768

1,087

400

2,379

-713

533

-134

3,153

2,571

-858

-2,890

242

1,489

-923

-1,735

-803

1,399

-1,438

-2,520

-561

-159

-518

-409

4,369

1,909

983

-2,165

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,460

-1,501

1,185

-

1,724

-1,505

1,290

-1,714

1,803

-1,085

844

Accrued compensation

-8,766

5,867

1,618

183

-5,548

3,512

2,392

2,535

-7,731

4,518

1,846

1,090

-4,966

2,651

1,047

2,603

-5,943

1,075

2,382

1,474

-5,262

1,279

1,733

530

-3,505

1,897

1,000

693

-2,753

991

1,299

452

-2,305

1,239

1,014

-225

-2,009

Regulatory liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-900

-123

5,711

-

-1,238

-3,658

799

-993

-4,421

-1,485

4,372

Other assets and liabilities, net

1,315

-17,991

981

4,531

-3,585

-36,040

-1,318

2,207

-347

-2,994

-2,905

4,885

-1,631

-2,856

-733

3,028

-1,242

-4,624

337

3,068

-2,753

-2,746

-311

1,359

-1,246

-181

65

33

-21

-8,694

3,677

577

248

-669

-2,882

131

24

Net cash provided by operating activities

58,808

-975

29,364

34,089

40,486

-10,634

19,644

41,680

66,672

11,717

2,002

36,416

59,954

18,408

8,070

33,529

44,134

10,783

13,530

18,069

62,333

8,689

6,456

12,500

46,063

6,504

12,364

18,903

35,160

2,176

3,706

26,209

34,550

18,347

-7,315

25,819

34,270

Investing Activities
Property, plant and equipment expenditures

35,182

45,412

48,872

47,227

43,216

68,941

44,599

63,695

63,116

45,192

41,510

46,455

42,172

60,272

36,806

35,000

37,783

46,300

39,949

31,868

25,482

22,477

26,229

24,354

18,528

28,541

27,359

24,811

16,409

21,425

16,965

19,642

14,744

13,660

12,141

12,881

8,355

Proceeds from sale of assets

4,106

100

120

92

115

217

242

130

193

107

416

149

36

55

30

38

51

55

60

-149

198

10,292

46

430

29

45

109

11

34

-2

32

79

2,170

32

561

45

299

Environmental expenditures

422

-

-

-

268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-630

-124

0

124

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

834

-174

17,104

2,437

-

-

-

-

-

-

-

-

Payments for Environmental Liabilities

-

-

-

-

-

303

149

125

48

119

75

78

57

90

83

78

99

61

40

24

49

99

55

53

26

-317

67

189

20

262

151

139

55

120

199

162

164

Net cash used in investing activities

-31,498

-46,674

-49,033

-47,511

-43,369

-85,681

-44,506

-63,690

-62,971

-45,442

-52,876

-46,384

-42,193

-60,307

-36,859

-35,040

-37,831

-46,306

-39,929

-52,971

-25,333

-12,270

-26,238

-23,977

-18,525

-29,013

-24,843

-42,093

-18,832

-21,059

-17,084

-19,702

-12,753

-14,539

-11,879

-13,198

-8,220

Financing Activities
Common stock dividends

6,483

6,458

6,476

5,882

5,877

5,872

5,870

5,154

5,147

5,148

5,144

4,821

4,815

4,518

4,511

4,249

4,204

4,199

4,193

3,769

3,763

3,008

3,759

3,751

3,369

3,365

3,360

3,180

3,176

3,175

3,173

2,998

2,989

2,990

2,988

2,849

2,836

Issuance (repurchase) of stock under the Dividend Reinvestment Plan

192

-185

-168

-185

-183

-188

-190

-164

-164

-165

-167

199

222

211

171

234

195

180

216

200

217

-465

326

315

-341

-341

-346

-329

-326

-327

-327

-292

-327

-324

-311

-302

-307

Tax withholding payments related to net settled stock compensation

977

0

0

0

692

0

0

491

719

0

0

0

692

0

0

0

770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash overdrafts due to outstanding checks

-4,727

1,681

-3,403

464

84

-6,655

80

-1,720

2,352

4,751

-643

-2,957

587

1,454

993

2,974

-1,501

-514

597

4,558

-2,191

-418

303

-305

-501

1,026

-1,452

-1,323

83

2,156

585

-594

-1,550

-988

4,272

-402

-2,791

Net borrowings (repayments) under line of credit agreements

11,695

20,946

-73,079

24,369

-18,149

32,820

32,925

7,900

-24,213

43,098

58,150

-50,785

-11,125

53,905

-26,545

4,327

839

46,280

31,784

23,383

-19,269

17,481

22,996

-35,294

-21,696

13,343

17,258

29,179

-13,647

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt, net of offering fees

-13

69,831

99,861

-44

30,000

79,918

-15

49,916

25,000

7

0

69,800

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayment under line of credit agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,501

-

-18,071

7,677

19,740

Repayment of long-term debt and capital lease obligation

30,000

35,501

0

6,021

414

3,834

365

29,761

428

6,590

345

4,749

416

6,565

355

1,824

402

6,558

328

3,536

398

7,720

328

1,725

196

6,363

24

8,555

15

6,743

15

1,424

20

7,744

-92

1,447

35

Net cash (used) provided by financing activities

-30,313

50,314

16,735

12,701

4,769

96,189

26,565

20,526

-3,319

35,953

51,841

6,687

-16,239

44,541

27,059

1,462

-5,843

34,597

28,076

20,836

-25,404

5,870

19,538

9,215

-26,103

24,073

12,061

22,792

-17,081

20,198

13,687

-6,817

-22,387

-2,941

19,136

-12,777

-25,709

Net Increase (Decrease) in Cash and Cash Equivalents

-3,003

2,665

-2,934

-721

1,886

-126

1,703

-1,484

382

2,228

967

-3,281

1,522

2,642

-1,730

-49

460

-926

1,677

-14,066

11,596

2,289

-244

-2,262

1,435

1,564

-418

-398

-753

1,315

309

-310

-590

867

-58

-156

341