| Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||||||||||
Net income | ||||||||||||||||||||
18,969 | 23,746 | 19,706 | 23,936 | 17,764 | -25,331 | 21,238 | 10,129 | 11,017 | 27,739 | 23,601 | 9,184 | 8,777 | 27,531 | 19,430 | 8,843 | -35,873 | 3,760 | 15,515 | 5,513 | 4,992 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||
Depreciation | ||||||||||||||||||||
12,204 | 12,181 | 12,063 | 11,992 | 11,577 | 12,210 | 13,328 | 12,982 | 12,687 | 12,392 | 11,828 | 11,410 | 11,074 | 10,773 | 10,259 | 9,671 | 9,508 | 9,255 | 8,998 | 8,366 | 8,461 |
Amortization of deferred financing costs | ||||||||||||||||||||
361 | 403 | 426 | 1,071 | 1,071 | 1,072 | 1,071 | 1,026 | 1,004 | 1,004 | 1,003 | 1,004 | 1,003 | 805 | 612 | 912 | 912 | 1,190 | 1,534 | 830 | 829 |
Allowance for funds used during construction - other funds | ||||||||||||||||||||
- | 0 | 0 | 364 | 730 | - | - | - | - | 825 | 1,007 | 1,137 | 759 | 868 | 699 | 933 | 548 | -326 | 502 | 457 | 473 |
Change in fair value of contingent consideration | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,247 | 215 | 283 | 612 |
Reorganization structuring fee | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 44,897 | - | - | - | - |
Realized gain on sale of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 66 | - | - | - | - |
Equity based compensation | ||||||||||||||||||||
120 | 120 | 120 | 180 | 140 | 142 | 143 | 145 | 140 | 228 | 230 | 228 | 292 | 185 | 185 | 185 | 123 | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||
Due from affiliates | ||||||||||||||||||||
-5,048 | 4,773 | 1,125 | -182 | -2,567 | 6,654 | 1,191 | 269 | -5,496 | 6,580 | 1,374 | -934 | -5,638 | 9,525 | -129 | 737 | -6,783 | 16,235 | 4,905 | -6,302 | -7,563 |
Inventory | ||||||||||||||||||||
-41 | -373 | 290 | 411 | 132 | -384 | 9 | -57 | -47 | 446 | 182 | -226 | 143 | -340 | 133 | -570 | 115 | 1,108 | -683 | 571 | -180 |
Prepaids and other current assets | ||||||||||||||||||||
1,553 | 36 | -145 | -362 | 573 | 75 | -269 | -425 | 721 | -43 | -281 | -339 | 829 | -297 | -552 | -171 | 1,026 | 1,745 | 288 | 733 | 604 |
Accounts payable and accrued liabilities | ||||||||||||||||||||
1,217 | -6,447 | 2,800 | -6,543 | 3,153 | -8,355 | -1,652 | 1,846 | 140 | -3,369 | -1,981 | 5,821 | 7,487 | -1,980 | -3,059 | 7,099 | 584 | 2,119 | 439 | 5,961 | -1,172 |
Net cash provided by operating activities | ||||||||||||||||||||
36,407 | 25,883 | 33,845 | 30,405 | 34,837 | 28,552 | 32,879 | 26,341 | 29,810 | 30,186 | 32,399 | 28,009 | 32,540 | 27,558 | 27,276 | 25,781 | 25,179 | 14,809 | 21,689 | 25,614 | 20,388 |
Cash flows from investing activities | ||||||||||||||||||||
Additions to electric plant | ||||||||||||||||||||
11,396 | 21,197 | 16,954 | 16,688 | 15,011 | 36,632 | 56,202 | 39,378 | 52,223 | 51,547 | 59,150 | 62,120 | 58,495 | 74,267 | 49,263 | 48,417 | 67,210 | 40,591 | 58,137 | 46,570 | 65,493 |
Proceeds from asset exchange transaction | ||||||||||||||||||||
- | 0 | 0 | 0 | 1,632 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from sale of assets | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -41,211 | - | - | - | - |
Sale of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,065 | - | - | - | - |
Cash paid to InfraREIT, L.L.C. investors in the merger, net of cash assumed | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 172,400 | - | - | - | - |
Net proceeds from issuance of common stock upon initial public offering | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 493,722 | - | - | - | - |
Members' contributions | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,171 |
Noncontrolling interest contributions | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 349 |
Net cash used in investing activities | ||||||||||||||||||||
-11,396 | -21,197 | -16,954 | -16,688 | -13,379 | -18,697 | -56,202 | -39,378 | -52,223 | -51,547 | -59,150 | -62,120 | -58,495 | -74,267 | -49,263 | -48,417 | -197,334 | -40,591 | -58,137 | -46,570 | -65,493 |
Cash flows from financing activities | ||||||||||||||||||||
Proceeds from short-term borrowings | ||||||||||||||||||||
22,000 | 44,500 | 25,500 | 80,500 | 12,000 | 28,000 | 45,000 | 31,500 | 34,000 | - | - | - | - | 34,000 | 20,000 | 0 | 33,000 | 230,500 | 41,500 | 26,000 | 56,000 |
Repayments of short-term borrowings | ||||||||||||||||||||
28,000 | 33,000 | 24,000 | 16,500 | 17,500 | 22,000 | 10,000 | 193,500 | 9,500 | 0 | 0 | 2,000 | 54,000 | 0 | 0 | 0 | 253,000 | - | - | - | - |
Proceeds from borrowings of long-term debt | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 100,000 | - | - | - | - | 0 | 0 | 0 | 11,000 |
Repayments of long-term debt | ||||||||||||||||||||
2,152 | 2,120 | 2,092 | 62,061 | 2,032 | 2,004 | 1,976 | 1,948 | 1,921 | 1,895 | 1,868 | 1,843 | 1,817 | 390,478 | 4,820 | 4,797 | 4,772 | 4,750 | 4,128 | 4,052 | 1,004 |
Deferred financing costs | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 649 | 3,433 | 328 | 104 | 49 | 4,011 | 182 | 38 | 677 |
Dividends and distributions paid | ||||||||||||||||||||
15,176 | 15,176 | 15,176 | 15,176 | 15,169 | 15,169 | 15,169 | 15,169 | 15,161 | 15,161 | 15,158 | 15,156 | 13,634 | 13,634 | 13,635 | 8,484 | 25,842 | - | - | - | - |
Net cash used in financing activities | ||||||||||||||||||||
-23,328 | -6,099 | -15,768 | -13,237 | -22,701 | -11,173 | 17,847 | 20,082 | 7,418 | 27,944 | 26,974 | 31,501 | 29,900 | 26,455 | 1,217 | -13,385 | 243,059 | 16,739 | 32,190 | 20,389 | 66,839 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||
1,683 | -1,413 | 1,123 | 480 | -1,243 | -1,318 | -5,476 | 7,045 | -14,995 | 6,583 | 223 | -2,610 | 3,945 | -20,254 | -20,770 | -36,021 | 70,904 | -9,043 | -4,258 | -567 | 21,734 |