| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
202,120 | 196,960 | 162,703 | 164,172 | 151,209 | 120,686 | 93,983 | 98,406 | 92,556 | 77,376 | 73,420 | 67,601 |
Items not affecting cash: | |||||||||||
Depreciation, Depletion and Amortization | |||||||||||
172,923 | 174,476 | 166,137 | 159,336 | 144,702 | 123,776 | 112,831 | 106,044 | 100,926 | 91,769 | 89,039 | 85,071 |
Amortization of debt issuance costs, discount and deferred hedge gain | |||||||||||
4,648 | 4,645 | 4,794 | 2,117 | 2,258 | 5,033 | 2,039 | 369 | 1,032 | 1,827 | 2,168 | 2,444 |
Stock-based compensation costs | |||||||||||
8,007 | 7,683 | 5,563 | 6,731 | 5,082 | 3,262 | 2,404 | 2,759 | 2,133 | 1,622 | 1,627 | 3,088 |
Equity portion of allowance for funds used during construction | |||||||||||
5,768 | 4,165 | 5,701 | 4,589 | 8,684 | 6,554 | 5,050 | 4,846 | 1,877 | 6,564 | 2,113 | 641 |
Loss (gain) on disposition of assets | |||||||||||
188 | -87 | 415 | 15 | 20 | 1,330 | 721 | 332 | -811 | -11 | 287 | 214 |
Deferred income taxes | |||||||||||
-13,864 | -13,189 | 12,363 | -8,184 | 33,886 | -9,612 | 54,617 | 51,890 | 64,065 | 48,783 | 47,014 | 42,587 |
Mountain States Transmission Intertie impairment | |||||||||||
- | - | - | - | - | - | - | 24,039 | 0 | 0 | - | - |
Gain on CELP arbitration decision | |||||||||||
- | - | - | - | - | - | - | 47,894 | 0 | 0 | - | - |
Changes in current assets and liabilities: | |||||||||||
Restricted cash | |||||||||||
- | - | - | - | -6,920 | 6,408 | 196 | -6,016 | -146 | -746 | -1,119 | 245 |
Accounts receivable | |||||||||||
5,032 | -19,909 | 22,726 | 5,146 | -9,069 | -12,622 | 30,792 | -3,456 | 3,847 | -455 | -11,913 | 12,150 |
Inventories | |||||||||||
3,110 | -1,617 | 3,226 | -4,252 | -1,636 | -747 | -181 | -5,371 | 8,831 | 3,396 | -23,436 | 7,155 |
Other current assets | |||||||||||
3,140 | -1,218 | -827 | 2,384 | -5,514 | -4,201 | 2,940 | 1,856 | 3,551 | -8,155 | 667 | 1,336 |
Accounts payable | |||||||||||
-1,821 | -3,805 | 3,615 | 3,639 | -11,169 | -9,565 | 6,235 | 10,976 | -1,928 | -12,766 | -9,224 | 3,218 |
Accrued expenses | |||||||||||
-16,023 | 7,862 | 4,844 | 25,124 | -22,738 | 8,530 | 1,949 | 14,149 | 1,883 | 31,064 | -48,396 | -9,883 |
Regulatory assets | |||||||||||
16,028 | 554 | -12,372 | -1,871 | 3,974 | 8,952 | 2,846 | 6,285 | -1,684 | 13,575 | -1,109 | -9,248 |
Regulatory liabilities | |||||||||||
-7,796 | 25,534 | -11,019 | -54,629 | 24,821 | 9,763 | -2,019 | 15,241 | 16,020 | -12,449 | -19,601 | 10,522 |
Other noncurrent assets | |||||||||||
11,680 | 9,533 | 14,780 | 7,311 | 5,584 | -2,853 | 43,714 | 27,362 | 30,048 | -5,332 | 3,928 | -28,348 |
Other noncurrent liabilities | |||||||||||
-6,528 | -26,760 | 7,387 | 1,820 | 6,890 | 987 | 7,755 | 1,052 | 2,583 | 530 | -49,825 | -22,177 |
Cash Provided by Operating Activities | |||||||||||
296,720 | 381,985 | 322,738 | 286,804 | 339,818 | 250,039 | 193,716 | 251,193 | 233,757 | 218,920 | 116,804 | 198,326 |
INVESTING ACTIVITIES: | |||||||||||
Property, plant, and equipment additions | |||||||||||
316,016 | 283,966 | 276,438 | 287,901 | 283,705 | 270,384 | 230,454 | 219,234 | 188,730 | 228,373 | 189,360 | 124,563 |
Acquisitions | |||||||||||
0 | 18,504 | 0 | 0 | 146,668 | 903,573 | 68,666 | 103,241 | 0 | 12,372 | 0 | - |
Proceeds from Life Insurance Policy | |||||||||||
0 | 71 | 379 | 1,354 | 30,209 | 1,535 | 3,766 | 262 | 209 | 69 | 326 | -200 |
Investment in equity securities | |||||||||||
135 | 2,500 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in restricted cash | |||||||||||
- | - | - | - | -16,108 | 16,358 | 0 | 0 | - | - | - | - |
Investment in New Market Tax Credit program | |||||||||||
- | - | - | - | - | 18,169 | 0 | 0 | - | - | - | - |
Cash Used in Investing Activities | |||||||||||
-316,151 | -304,899 | -276,059 | -286,547 | -384,056 | -1,206,949 | -295,354 | -322,213 | -188,521 | -240,676 | -189,034 | -124,363 |
FINANCING ACTIVITIES: | |||||||||||
Issuance of long-term debt | |||||||||||
150,000 | 0 | 250,000 | 249,660 | 270,000 | 505,789 | 100,000 | 150,000 | 0 | 225,000 | 304,833 | 55,000 |
Repayment of long-term debt | |||||||||||
0 | 0 | 250,000 | 225,205 | 150,025 | 90 | 149 | 3,945 | 6,589 | 231,152 | 137,800 | 96,355 |
Line of credit borrowings | |||||||||||
- | - | - | - | - | - | - | - | 80,000 | 695,000 | 348,000 | 254,000 |
Line of credit repayments | |||||||||||
- | - | - | - | - | - | - | - | 233,000 | 608,000 | 390,000 | 158,000 |
(Repayments) issuances of short-term borrowings, net | |||||||||||
0 | -319,556 | 18,745 | 70,937 | -37,966 | 126,890 | 18,016 | -44,000 | 166,934 | 0 | 0 | - |
Treasury stock activity | |||||||||||
1,432 | 2,249 | 1,083 | -561 | -664 | -814 | -1,042 | -429 | 153 | -185 | 741 | 78,706 |
Dividends on common stock | |||||||||||
115,127 | 109,202 | 101,270 | 95,765 | 90,058 | 65,019 | 57,684 | 54,246 | 51,909 | 48,997 | 48,186 | 49,833 |
Proceeds from issuance of common stock, net | |||||||||||
0 | 44,796 | 53,669 | 0 | 56,651 | 399,207 | 56,825 | 28,477 | 0 | 0 | - | - |
Line of credit borrowings (repayments), net | |||||||||||
-19,000 | 308,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Financing costs | |||||||||||
1,115 | 91 | 16,382 | 8,432 | 12,082 | 5,248 | 7,593 | 943 | 1,131 | 8,020 | 10,824 | 1,550 |
Cash Used in Financing Activities | |||||||||||
16,190 | -73,804 | -44,155 | -9,366 | 35,856 | 960,715 | 108,373 | 74,914 | -45,542 | 23,646 | 65,282 | -75,444 |
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | |||||||||||
-3,241 | 3,282 | 2,524 | -9,109 | -8,382 | 3,805 | 6,735 | 3,894 | -306 | 1,890 | -6,948 | -1,481 |