| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS USED IN OPERATING ACTIVITIES | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
169,505 | 233,436 | 132,065 | 131,672 | 180,960 | 141,970 | 114,809 | 92,879 | 101,299 | 117,457 | 27,242 | 109,168 |
Adjustments to reconcile net income to cash flows from operating activities | |||||||||||
Unrealized gain on derivative instruments | |||||||||||
-2,881 | -26,770 | 11,241 | -46,883 | 38,681 | -28,534 | 9,417 | -35,789 | -36,876 | 27,392 | -64,465 | 12,929 |
Realized and unrealized gains on investments in equity securities | |||||||||||
1,567 | 5,332 | 7,287 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of businesses | |||||||||||
645 | 4,663 | 0 | 0 | - | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
91,730 | 85,701 | 81,841 | 72,748 | 61,399 | 52,742 | 47,310 | 41,643 | 35,200 | 33,192 | 31,142 | 39,367 |
Amortization of acquired wholesale energy contracts | |||||||||||
8,424 | 18,222 | 762 | 0 | - | - | - | - | - | - | - | - |
Allowance for equity used during construction | |||||||||||
6,492 | 5,531 | 3,867 | 4,375 | 3,825 | 1,562 | 2,037 | 638 | 2,100 | 2,165 | 568 | 0 |
Impairment loss on investment | |||||||||||
- | - | - | - | - | 6,351 | 0 | 0 | - | - | - | - |
Allowance for doubtful accounts | |||||||||||
2,387 | 2,579 | 2,023 | 1,616 | 2,859 | 2,504 | 2,627 | 3,932 | 4,865 | 3,307 | 9,739 | 4,530 |
Deferred income taxes | |||||||||||
-59,013 | 15,590 | 41,442 | 27,721 | 45,934 | 18,421 | 41,075 | -5,323 | 35,034 | 68,458 | -31,435 | 13,715 |
Deferred income tax benefit due to tax legislation | |||||||||||
0 | -75,736 | 0 | 0 | - | - | - | - | - | - | - | - |
Equivalent value of ITCs recognized on equipment financing | |||||||||||
6,482 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Manufactured gas plant remediation costs | |||||||||||
13,878 | 16,171 | 10,934 | 8,106 | 6,805 | 4,396 | 6,166 | 7,965 | 14,115 | 3,824 | 12,867 | -18,958 |
Equity in earnings, net of distributions received from equity investees | |||||||||||
4,156 | 1,725 | 462 | -4,534 | -6,663 | -2,589 | -3,299 | -6,799 | -2,791 | -839 | -2,924 | 52 |
Cost of removal - asset retirement obligations | |||||||||||
258 | 298 | 484 | 403 | 1,034 | 1,153 | 1,697 | 1,196 | 826 | 809 | 943 | 969 |
Contributions to postemployment benefit plans | |||||||||||
8,157 | 6,359 | 6,077 | 33,359 | 5,778 | 4,953 | 26,028 | 25,874 | 11,496 | 19,567 | 27,676 | 1,014 |
Tax benefit from stock-based compensation | |||||||||||
-1,300 | -3,000 | -1,300 | -1,755 | -881 | -414 | - | - | - | - | - | - |
Changes in: | |||||||||||
Components of working capital | |||||||||||
27,759 | -97,004 | -17,081 | 123,325 | -81,817 | -85,480 | 60,316 | 95,357 | -43,748 | 35,297 | -154,271 | -35,992 |
Other noncurrent assets | |||||||||||
-3,415 | -17,860 | -13,978 | -3,933 | -38,716 | -10,484 | -9,496 | 20,539 | -7,081 | -3,525 | -5,886 | -4,591 |
Other noncurrent liabilities | |||||||||||
38,125 | 13,989 | -2,079 | 21,336 | 27,841 | 20,724 | 1,039 | 26,931 | 11,744 | 1,691 | 45,061 | -40,093 |
Cash flows from operating activities | |||||||||||
189,350 | 398,286 | 248,046 | 142,630 | 390,947 | 358,149 | 113,994 | 51,081 | 250,101 | 139,415 | 267,241 | 132,368 |
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES | |||||||||||
Expenditures for: | |||||||||||
Payments to acquire PP&E | |||||||||||
300,031 | 206,880 | 144,106 | 176,067 | 140,797 | 128,254 | 110,482 | 104,277 | 93,624 | 86,620 | 75,107 | 72,329 |
Solar and wind equipment | |||||||||||
157,828 | 123,421 | 149,400 | 149,063 | 151,002 | 135,543 | 59,125 | 89,726 | 71,989 | 2,641 | 0 | - |
Midstream and other | |||||||||||
23,100 | 6,644 | 2,434 | 1,896 | 209 | 1,179 | 1,042 | 1,334 | 3,549 | 917 | 388 | 1,117 |
Cost of removal | |||||||||||
40,195 | 47,643 | 32,143 | 29,066 | 28,078 | 24,312 | 26,601 | 12,178 | 8,369 | 7,201 | 6,139 | 6,833 |
Distribution from equity investees in excess of equity in earnings | |||||||||||
2,428 | 3,117 | 2,749 | 2,351 | 2,620 | 1,150 | 3,079 | 0 | 0 | - | - | - |
Acquisition of retail and wholesale energy contracts | |||||||||||
0 | 0 | -55,661 | 0 | - | - | - | - | - | - | - | - |
Investments in equity investees | |||||||||||
4,102 | 16,151 | 27,070 | 11,176 | 5,780 | 555 | 0 | 8,800 | 0 | 4,300 | 43,843 | 23,662 |
Cash paid related to acquisition | |||||||||||
0 | 10,000 | 0 | 0 | 0 | - | - | - | - | - | - | - |
(Deposits to) withdrawal from restricted cash construction fund | |||||||||||
- | - | - | -979 | 1,499 | -88 | -56 | 802 | -58 | 445 | -4,200 | 0 |
Proceeds from sale of investment | |||||||||||
- | - | - | - | 3,016 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of property, net of closing costs | |||||||||||
0 | 0 | 9,443 | 748 | 0 | 6,010 | 0 | 0 | - | - | - | - |
Proceeds from sale of businesses, net of closing costs | |||||||||||
205,745 | 27,916 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of investments in equity securities, net | |||||||||||
34,484 | 6,616 | 6,639 | 0 | 0 | - | 482 | 0 | 0 | 721 | 0 | 0 |
Proceeds from asset sales | |||||||||||
- | - | - | - | - | - | - | - | 2,396 | 0 | 0 | - |
Cash flows (used in) from investing activities | |||||||||||
-282,599 | -373,090 | -391,983 | -363,190 | -321,729 | -282,595 | -193,633 | -217,117 | -175,077 | -101,403 | -121,277 | -103,941 |
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES | |||||||||||
Payments of long-term debt | |||||||||||
218,638 | 165,486 | 97,854 | 13,289 | 37,039 | 82,586 | 8,953 | 8,025 | 130,091 | 6,749 | 60,362 | 5,565 |
Proceeds from long-term debt | |||||||||||
467,900 | 225,000 | 100,000 | 275,000 | 250,000 | 125,000 | 50,000 | 100,000 | 97,045 | 0 | 0 | 125,000 |
Proceeds from (payments of) short-term debt, net | |||||||||||
-126,500 | -114,050 | 144,300 | 55,350 | -234,650 | -64,600 | 85,800 | 120,450 | 11,750 | 4,200 | -34,800 | -78,279 |
Proceeds from sale-leaseback transaction | |||||||||||
9,895 | 7,820 | 9,587 | 7,107 | 7,216 | 7,576 | 7,076 | 6,522 | 5,901 | 4,925 | 6,268 | 7,485 |
Proceeds from sale-leaseback transaction - solar | |||||||||||
0 | 71,538 | 32,901 | 0 | 0 | - | - | - | - | - | - | - |
Payments of common stock dividends | |||||||||||
104,059 | 95,835 | 87,988 | 82,445 | 76,532 | 70,664 | 67,230 | 61,688 | 58,650 | 53,137 | 50,967 | 45,201 |
Proceeds from issuance of common stock - public equity offering | |||||||||||
16,717 | 17,136 | 17,492 | 16,010 | 37,299 | 15,373 | 37,839 | 13,834 | 13,704 | 6,487 | 16,441 | 16,028 |
Proceeds from waiver discount issuance of common stock | |||||||||||
57,391 | 41,677 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of treasury stock | |||||||||||
0 | 0 | 6,355 | 1,008 | 10,589 | 5,522 | 26,606 | 8,768 | 10,193 | 29,650 | 30,670 | 11,039 |
Tax withholding payments related to net settled stock compensation | |||||||||||
-7,104 | -13,755 | -4,788 | -3,547 | -2,146 | -949 | 173 | 780 | 2,007 | 669 | 1,686 | 630 |
Cash flows from (used in) financing activities | |||||||||||
95,602 | -25,955 | 107,295 | 253,178 | -66,441 | -76,372 | 78,099 | 163,105 | -68,527 | -73,255 | -152,404 | 9,059 |
Change in cash, cash equivalents and restricted cash | |||||||||||
2,353 | -759 | -36,642 | 32,618 | 2,777 | -818 | -1,540 | -2,931 | 6,497 | -35,243 | -6,440 | 37,486 |
CHANGES IN COMPONENTS OF WORKING CAPITAL | |||||||||||
Receivables | |||||||||||
-63,795 | 7,524 | 56,974 | -11,303 | -32,529 | -48,032 | 72,244 | -36,670 | 49,473 | 66,189 | -117,733 | -98,326 |
Inventories | |||||||||||
-14,265 | -15,464 | -3,022 | 45,986 | -114,638 | -43,130 | 55,755 | -28,814 | -40,363 | 38,743 | -169,157 | -50,747 |
Recovery of gas costs | |||||||||||
15,733 | -30,439 | 90 | 39,642 | -18,979 | -13,015 | -6,100 | 11,686 | -41,118 | 72,688 | -64,197 | -37,577 |
Gas purchases payable | |||||||||||
-74,031 | 51,187 | 20,663 | -11,963 | -54,525 | -47,528 | 72,415 | -70,216 | 22,289 | 100,290 | -193,487 | 134,335 |
Gas purchases payable - related parties | |||||||||||
-360 | -1 | 2 | -411 | 202 | 14 | -16 | -61 | - | - | - | - |
Prepaid and accrued taxes | |||||||||||
2,271 | 1,254 | 10,366 | 2,385 | -18,161 | 21,133 | -8,182 | 23,036 | -8,691 | -10,431 | -8,047 | 767 |
Accounts payable and other | |||||||||||
2,256 | 40,422 | 13,086 | -15,656 | -14,714 | 34,716 | 726 | -3,418 | 4,469 | 291 | -5,593 | 1,117 |
Restricted broker margin accounts | |||||||||||
-22,004 | -30,974 | 22,570 | -38,752 | 18,452 | -20,758 | 15,348 | 666 | -31,813 | 35,468 | -14,045 | 15,003 |
Customers' credit balances and deposits | |||||||||||
-209 | 368 | -5,877 | 12,044 | -1,545 | -2,058 | -24,059 | -65,324 | 21,819 | 18,740 | 9,760 | -36,195 |
Other current assets | |||||||||||
-1,991 | 3,631 | -10,313 | -3,353 | 14,038 | 4,216 | -5,351 | 33,838 | -3,667 | 2,035 | -14,596 | -4,519 |
Increase (Decrease) in Operating Capital | |||||||||||
27,759 | -97,004 | -17,081 | 123,325 | -81,817 | -85,480 | 60,316 | 95,357 | -43,748 | 35,297 | -154,271 | -35,992 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION | |||||||||||
Interest (net of amounts capitalized) | |||||||||||
50,371 | 44,821 | 44,362 | 31,996 | 24,208 | 22,458 | 20,414 | 16,670 | 17,323 | 14,665 | 18,866 | 25,877 |
Income taxes | |||||||||||
12,647 | 5,577 | -6,877 | -3,516 | 28,790 | 22,447 | 12,039 | 10,053 | 5,165 | 24,177 | 34,298 | 28,763 |
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES | |||||||||||
Accrued capital expenditures | |||||||||||
30,725 | 30,559 | 21,769 | 48,881 | 28,676 | 9,655 | -7,103 | 8,257 | 9,423 | 1,575 | - | - |
Inception gain on natural gas swap contract recognized as non-cash proceeds from sale of business | |||||||||||
0 | 14,579 | 0 | 0 | 24,601 | 0 | 0 | - | - | - | - | - |