| 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 | ||||||||||||||||||||
86,357 | 85,152 | 36,075 | 37,607 | 23,800 | 17,053 | 70,123 | 72,486 | 71,541 | 69,301 | 69,093 | 64,922 | 64,581 | 19,931 | -3,840 | -7,755 | -11,085 | 29,780 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||
Depreciation | ||||||||||||||||||||
48,440 | 47,813 | 47,842 | 49,107 | 50,097 | 51,207 | 51,389 | 49,889 | 48,317 | 46,704 | 45,085 | 43,516 | 41,777 | 40,211 | 38,693 | 37,432 | 36,127 | 35,080 | 0 | 0 | 0 |
Amortization of deferred financing costs | ||||||||||||||||||||
2,261 | 2,971 | 3,640 | 4,285 | 4,240 | 4,173 | 4,105 | 4,037 | 4,015 | 4,014 | 3,815 | 3,424 | 3,332 | 3,241 | 3,626 | 4,548 | 4,466 | 4,383 | 0 | 0 | 0 |
Allowance for funds used during construction - other funds | ||||||||||||||||||||
- | 1,094 | 0 | 0 | 0 | - | - | - | - | 3,728 | 3,771 | 3,463 | 3,259 | 3,048 | 1,854 | 1,657 | 1,181 | 1,106 | 0 | 0 | 0 |
Change in fair value of contingent consideration | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,357 | 0 | 0 | 0 |
Reorganization structuring fee | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 44,897 | 0 | 0 | 0 | - | - | - | - |
Realized gain on sale of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 66 | 0 | 0 | 0 | - | - | - | - |
Equity based compensation | ||||||||||||||||||||
540 | 560 | 582 | 605 | 570 | 570 | 656 | 743 | 826 | 978 | 935 | 890 | 847 | 678 | 0 | 0 | 0 | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||
Due from affiliates | ||||||||||||||||||||
668 | 3,149 | 5,030 | 5,096 | 5,547 | 2,618 | 2,544 | 2,727 | 1,524 | 1,382 | 4,327 | 2,824 | 4,495 | 3,350 | 10,060 | 15,094 | 8,055 | 7,275 | 0 | 0 | 0 |
Inventory | ||||||||||||||||||||
287 | 460 | 449 | 168 | -300 | -479 | 351 | 524 | 355 | 545 | -241 | -290 | -634 | -662 | 786 | -30 | 1,111 | 816 | 0 | 0 | 0 |
Prepaids and other current assets | ||||||||||||||||||||
1,082 | 102 | 141 | 17 | -46 | 102 | -16 | -28 | 58 | 166 | -88 | -359 | -191 | 6 | 2,048 | 2,888 | 3,792 | 3,370 | 0 | 0 | 0 |
Accounts payable and accrued liabilities | ||||||||||||||||||||
-8,973 | -7,037 | -8,945 | -13,397 | -5,008 | -8,021 | -3,035 | -3,364 | 611 | 7,958 | 9,347 | 8,269 | 9,547 | 2,644 | 6,743 | 10,241 | 9,103 | 7,347 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||||||||||||
126,540 | 124,970 | 127,639 | 126,673 | 122,609 | 117,582 | 119,216 | 118,736 | 120,404 | 123,134 | 120,506 | 115,383 | 113,155 | 105,794 | 93,045 | 87,458 | 87,291 | 82,500 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||||||||||||||
Additions to electric plant | ||||||||||||||||||||
66,235 | 69,850 | 85,285 | 124,533 | 147,223 | 184,435 | 199,350 | 202,298 | 225,040 | 231,312 | 254,032 | 244,145 | 230,442 | 239,157 | 205,481 | 214,355 | 212,508 | 210,791 | 0 | 0 | 0 |
Proceeds from asset exchange transaction | ||||||||||||||||||||
- | 1,632 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from sale of assets | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | -41,211 | 0 | 0 | 0 | - | - | - | - |
Sale of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,065 | 0 | 0 | 0 | - | - | - | - |
Cash paid to InfraREIT, L.L.C. investors in the merger, net of cash assumed | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 172,400 | 0 | 0 | 0 | - | - | - | - |
Net proceeds from issuance of common stock upon initial public offering | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - |
Members' contributions | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Noncontrolling interest contributions | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash used in investing activities | ||||||||||||||||||||
-66,235 | -68,218 | -65,718 | -104,966 | -127,656 | -166,500 | -199,350 | -202,298 | -225,040 | -231,312 | -254,032 | -244,145 | -230,442 | -369,281 | -335,605 | -344,479 | -342,632 | -210,791 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||||||||||||||
Proceeds from short-term borrowings | ||||||||||||||||||||
172,500 | 162,500 | 146,000 | 165,500 | 116,500 | 138,500 | 0 | 0 | 0 | - | - | - | - | 87,000 | 283,500 | 305,000 | 331,000 | 354,000 | 0 | 0 | 0 |
Repayments of short-term borrowings | ||||||||||||||||||||
101,500 | 91,000 | 80,000 | 66,000 | 243,000 | 235,000 | 213,000 | 203,000 | 11,500 | 56,000 | 56,000 | 56,000 | 54,000 | 253,000 | 0 | 0 | 0 | - | - | - | - |
Proceeds from borrowings of long-term debt | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 100,000 | 0 | 0 | 0 | - | - | - | - | 11,000 | 0 | 0 | 0 |
Repayments of long-term debt | ||||||||||||||||||||
68,425 | 68,305 | 68,189 | 68,073 | 7,960 | 7,849 | 7,740 | 7,632 | 7,527 | 7,423 | 396,006 | 398,958 | 401,912 | 404,867 | 19,139 | 18,447 | 17,702 | 13,934 | 0 | 0 | 0 |
Deferred financing costs | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 649 | 4,082 | 4,410 | 4,514 | 3,914 | 4,492 | 4,346 | 4,280 | 4,908 | 0 | 0 | 0 |
Dividends and distributions paid | ||||||||||||||||||||
60,704 | 60,697 | 60,690 | 60,683 | 60,676 | 60,668 | 60,660 | 60,649 | 60,636 | 59,109 | 57,582 | 56,059 | 49,387 | 61,595 | 0 | 0 | 0 | - | - | - | - |
Net cash used in financing activities | ||||||||||||||||||||
-58,432 | -57,805 | -62,879 | -29,264 | 4,055 | 34,174 | 73,291 | 82,418 | 93,837 | 116,319 | 114,830 | 89,073 | 44,187 | 257,346 | 247,630 | 278,603 | 312,377 | 136,157 | 0 | 0 | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||
1,873 | -1,053 | -958 | -7,557 | -992 | -14,744 | -6,843 | -1,144 | -10,799 | 8,141 | -18,696 | -39,689 | -73,100 | -6,141 | 5,070 | 21,582 | 57,036 | 7,866 | 0 | 0 | 0 |