NORTHWESTERN CORP NWE Cash Flow

Northwestern corp (NWE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
50,704	59,982	21,670	47,662	72,806	66,492	28,182	43,787	58,499	47,894	36,412	21,830	56,567	44,131	44,605	35,569	39,867	45,013	23,798	30,973	51,425	37,169	30,191	7,746	45,580	26,093	15,647	14,341	37,902	58,697	-3,772	11,438	32,043	34,116	14,895	10,970	32,575	22,588	14,379	11,691	28,718
Items not affecting cash:
Depreciation, Depletion and Amortization
45,265	43,157	43,166	41,016	45,584	43,599	43,581	43,541	43,755	41,656	41,525	41,495	41,461	39,785	39,763	39,898	39,890	37,463	35,693	35,727	35,819	32,637	30,452	30,369	30,318	28,146	28,053	27,414	29,218	26,680	26,505	26,426	26,433	25,364	25,181	25,066	25,315	23,072	22,825	22,997	22,875
Amortization of debt issue costs, discount and deferred hedge gain
1,167	-	1,165	1,160	1,157	-	1,155	1,162	1,171	-	1,193	1,191	1,201	-	-1,080	1,008	979	-	739	275	287	-	1,630	1,688	1,538	-	97	129	64	-	93	90	90	-	116	400	398	-	398	499	531
Stock-based compensation costs
3,042	3,229	1,181	1,179	2,418	2,748	1,197	1,242	2,496	565	1,172	1,494	2,332	2,257	1,113	1,119	2,242	1,807	944	1,085	1,246	1,024	707	707	824	578	577	580	669	560	561	563	1,075	484	583	506	560	358	403	371	490
Equity portion of allowance for funds used during construction
895	1,650	1,800	1,349	969	1,428	1,206	913	618	1,603	1,800	1,314	984	1,536	1,445	956	652	2,116	2,597	2,264	1,707	2,161	1,852	1,462	1,079	1,478	1,378	960	1,234	1,535	1,480	901	930	917	408	291	261	1,967	2,012	1,737	848
Loss (gain) on disposition of assets
-7	12	0	12	164	-142	66	4	-15	24	-10	315	86	0	1,069	-1,109	55	-8	-59	-1	88	983	240	48	59	-40	56	705	0	100	110	66	56	39	-863	13	0	705	-88	-706	78
Deferred income taxes
170	2,486	197	-17,255	708	-19,476	1,268	2,876	2,143	2,843	3,200	910	5,410	-1,651	-10,255	645	3,077	6,867	7,100	10,912	9,007	-39,149	-3,038	5,715	26,860	13,458	8,766	5,157	27,236	30,227	-5,404	6,872	20,195	32,755	5,753	5,961	19,596	17,570	11,082	3,204	16,927
Changes in current assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	-243	197	-7,655	723	177	-165	-3,878	1,622	2,941	5,723	-1,340	168	-619	1,987	-1,285	128	-1,178	-3,681	1,042	-2,347	1,425	-266	1,495	-3,445	1,404	-200
Accounts receivable
-11,494	41,032	348	-43,615	7,267	34,443	-2,045	-40,295	-12,012	52,611	5,746	-18,627	-17,004	42,735	988	-19,150	-19,427	36,956	-5,434	-25,955	-14,636	42,766	-10,817	-40,808	-3,763	45,292	12,669	-26,760	-409	34,232	6,532	-28,581	-15,639	40,039	595	-38,208	1,421	44,662	6,657	-42,296	-9,478
Inventories
-689	-1,243	3,387	4,226	-3,260	-1,923	6,040	2,984	-8,718	-4,095	5,928	8,322	-6,929	-5,105	4,388	3,290	-6,825	-5,234	7,630	3,025	-7,057	-8,104	10,041	14,846	-17,530	-8,643	15,013	8,762	-15,313	-5,215	16,364	1,336	-17,856	-12,515	27,753	17,441	-23,848	-13,995	22,631	13,929	-19,169
Other current assets
-2,470	-192	2,895	1,421	-984	-2,122	-1,897	6,059	-3,258	-595	-3,473	5,627	-2,386	277	-5,258	3,991	3,374	-1,508	-5,046	2,044	-1,004	885	-2,456	137	-2,767	957	-5,024	4,938	2,069	1,144	-373	2,238	-1,153	1,655	-2,245	1,376	2,765	-2,134	-3,147	-660	-2,214
Accounts payable
-6,379	12,121	5,741	-23,637	3,954	15,285	4,759	-2,244	-21,605	16,600	6,803	-3,982	-15,806	20,207	1,027	-6,292	-11,303	10,486	8,531	-7,007	-23,179	20,733	-3,975	-8,143	-18,180	25,747	4,105	-9,499	-14,118	20,580	7,613	-1,118	-16,099	10,880	6,092	-1,531	-17,369	18,605	-2,366	-11,538	-17,467
Accrued expenses
35,810	-40,968	45,726	-48,562	27,781	-45,169	47,765	-36,536	41,802	-41,823	51,520	-38,159	33,306	-35,728	60,066	-37,237	38,023	-42,045	50,188	-43,534	12,653	-17,727	39,757	-47,560	34,060	-20,409	30,990	-32,657	24,025	-14,990	43,868	-34,541	19,812	-35,135	29,150	-18,622	26,490	-10,044	28,961	-9,546	21,693
Regulatory assets
-9,845	-1,634	4,556	1,406	11,700	-1,361	12,033	3,090	-13,208	-3,271	5,042	2,861	-17,004	4,976	4,018	-315	-10,550	12,959	11,594	-3,809	-16,770	504	-4,691	5,525	7,614	12,230	2,200	1,014	-12,598	3,019	2,240	7,744	-6,718	3,855	3,552	-2,968	-6,123	5,328	3,346	5,313	-412
Regulatory liabilities
8,259	11,469	4,387	-143	-23,509	18,579	-3,370	8,120	2,205	116	-1,444	-2,361	-7,330	2,202	-1,217	-52,643	-2,971	12,082	8,350	3,549	840	3,556	832	3,425	1,950	6,190	-8,136	-1,365	1,292	4,668	15,269	-3,902	-794	13,357	552	-3,903	6,014	102	-3,148	-6,684	-2,719
Other noncurrent assets
802	6,314	2,307	1,843	1,216	1,502	4,123	2,403	1,505	2,155	5,844	3,480	3,301	3,077	1,135	1,614	1,485	3,344	1,226	232	782	-37,503	9,413	239	24,998	11,416	6,962	1,847	23,489	13,962	102	-419	13,717	26,597	-661	1,361	2,751	5,591	-4,864	-5,250	-809
Other noncurrent liabilities
-2,684	-3,844	1,308	-1,589	-2,403	-15,823	-5,720	-12,691	7,474	-1,067	4,687	2,659	1,108	3,827	-9,125	5,825	1,293	3,681	-7,973	9,534	1,648	4,467	-10,948	2,770	4,698	2,176	-5,150	4,678	6,051	-2,567	-4,628	1,421	6,826	2,942	-9,085	3,264	5,462	1,579	6,420	-11,335	3,866
Cash Provided by Operating Activities
158,162	42,859	109,248	33,189	111,424	35,567	99,291	74,099	173,028	19,561	124,191	21,785	157,201	28,816	116,994	-1,142	142,136	35,341	114,139	63,537	126,801	45,073	80,404	12,327	112,235	22,378	41,527	17,931	111,880	28,565	77,561	25,142	119,925	23,252	47,045	41,380	122,080	30,610	55,852	26,188	106,270
INVESTING ACTIVITIES:
Property, plant, and equipment additions
78,371	73,142	95,847	81,450	65,577	90,561	76,949	64,451	52,005	79,453	77,862	67,604	51,519	83,903	82,752	69,928	51,318	80,381	72,154	74,632	56,538	84,299	74,065	60,343	51,677	76,503	65,402	50,435	38,114	61,375	60,047	50,705	47,107	64,246	52,627	34,277	37,580	50,226	61,914	58,437	57,796
Proceeds from Life Insurance Policy
-	-	-	-	-	-	-	-	-	0	0	303	76	2	1,215	86	51	0	30,129	0	80	1,145	243	53	94	-121	3,140	747	0	0	113	69	80	0	0	209	0	-	-	-	-
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	0	-1,455	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,350	-2,605	-4,347	-4,806	-4,822	21,180	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Used in Investing Activities
-78,371	-73,277	-95,847	-81,450	-65,577	-93,062	-76,864	-82,968	-52,005	-79,453	-77,862	-67,301	-51,443	-83,901	-81,537	-69,842	-51,267	-79,371	-182,256	-70,777	-51,652	-983,272	-113,259	-60,290	-50,128	-145,290	-62,262	-49,688	-38,114	-146,232	-78,318	-50,636	-47,027	-64,246	-52,627	-34,068	-37,580	-62,598	-61,845	-58,437	-57,796
FINANCING ACTIVITIES:
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	8	150,009	7	10	23	17	40	36	40	36	37	74	38	38	3,795	3	2,960	3	3,623	11	2,738	225,007	3,396
Line of credit borrowings
-	-	-	-	-	-	304,000	551,000	578,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	80,000	141,000	152,000	201,000	201,000
Line of credit repayments
-	-	-	-	-	-	298,000	558,000	355,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	233,000	97,000	129,000	151,000	231,000
(Repayments) issuances of short-term borrowings, net
-	-	-	-	-	0	0	0	-319,556	49,818	-33,920	74,757	-71,910	78,500	-34,495	94,893	-67,961	11,931	-1,966	10,005	-57,936	97,895	23,993	60,975	-55,973	37,970	37,986	21,009	-78,949	122,934	-129,969	16,991	-53,956	53,941	23,005	3,999	85,989	0	0	0	0
Treasury stock activity
-2,492	212	221	202	797	193	283	199	1,574	184	488	1,283	-872	166	887	174	-1,788	165	179	983	-1,991	67	76	55	-1,012	65	72	70	-1,249	128	67	-699	75	322	-44	-70	-55	-312	215	-63	-25
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-36	13,365	-	321	26,080	17,701	-	4,601	23,876	0	-	-	-	-	-	-	-	-
Dividends on common stock
30,085	28,784	28,781	28,781	28,781	27,479	27,470	27,308	26,945	25,637	25,237	25,202	25,194	23,949	23,951	23,943	23,922	22,913	22,385	22,384	22,376	18,593	15,486	15,486	15,454	14,581	14,476	14,457	14,170	13,662	13,657	13,569	13,358	12,979	12,978	12,977	12,975	12,269	12,234	12,263	12,231
Line of credit borrowings (repayments), net
6,000	57,000	-83,000	29,000	-22,000	308,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing costs
141	41	199	735	140	0	-9	-125	225	16,226	14	140	2	1,824	1,259	5,198	151	-42	436	10,596	1,092	4,416	688	75	69	7,593	0	0	0	-	-	-	-	-	-	-	-	1	1,408	6,523	88
Cash Used in Financing Activities
-26,718	28,387	-11,759	49,686	-50,124	58,713	-21,246	10,881	-122,152	57,001	-53,876	50,698	-97,978	52,893	-39,363	70,926	-93,822	45,875	45,384	27,999	-83,402	940,830	33,652	45,416	-59,183	128,548	23,863	32,666	-76,704	109,293	10,848	25,807	-71,034	40,928	7,036	-9,952	-83,554	31,661	6,405	31,270	-45,690
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash
53,073	-2,031	1,642	1,425	-4,277	1,218	1,181	2,012	-1,129	-2,891	-7,547	5,182	7,780	-2,192	-3,906	-58	-2,953	1,845	-22,733	20,759	-8,253	2,631	797	-2,547	2,924	5,636	3,128	909	-2,938	-8,374	10,091	313	1,864	-66	1,454	-2,640	946	-327	412	-979	2,784
Cash paid during the period for:
Income taxes
55	-	0	0	68	-	0	0	55	-	0	0	61	-	0	26	-2,948	-	0	0	27	-	8	7	13	-	5	4	38	-	0	2,279	-335	-	0	18	0	-	1,000	0	0
Interest
14,554	-	13,415	28,822	13,278	-	10,112	26,718	12,172	-	10,974	29,038	11,242	-	13,257	29,884	12,977	-	7,495	32,398	12,213	-	12,414	20,009	11,747	-	11,698	17,349	11,826	-	8,591	17,019	8,806	-	2,487	16,879	9,584	-	9,551	12,557	9,529
Significant non-cash transactions:
Capital expenditures included in accounts payable
10,008	-	1,965	900	12,643	-	627	4,131	7,135	-	197	2,988	6,788	-	749	5,249	5,805	-	-267	2,804	6,395	-	629	3,369	3,991	-	2,164	2,271	6,810	-	-2,464	9,933	5,823	-	-426	3,045	1,695	-	1,628	-3,162	5,950