| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
61,735 | 64,569 | -55,623 | 58,895 | |||
Adjustments to reconcile net income to cash provided by operations: | ||||||
Depreciation, Depletion and Amortization, Nonproduction | ||||||
91,496 | 85,156 | 81,053 | 77,604 | |||
Regulatory amortization of gas reserves | ||||||
19,172 | 16,684 | 16,353 | 15,525 | |||
Deferred income taxes | ||||||
6,317 | 14,356 | -52,414 | 32,056 | |||
Qualified defined benefit pension plan expense | ||||||
16,497 | 8,108 | 5,364 | 5,274 | |||
Contributions to qualified defined benefit pension plans | ||||||
10,970 | 15,540 | 19,430 | 14,470 | |||
Deferred environmental expenditures, net | ||||||
-16,226 | -14,528 | -13,716 | -10,469 | |||
Regulatory disallowance of prior environmental cost deferrals | ||||||
- | - | - | 3,287 | |||
Amortization of environmental remediation | ||||||
12,337 | 11,127 | 15,291 | 13,298 | |||
Regulatory revenue recovery deferral from the TCJA | ||||||
853 | 7,929 | 0 | 0 | |||
Regulatory disallowance of pension costs | ||||||
10,500 | 0 | 0 | - | |||
Other | ||||||
-13,907 | -1,596 | -2,102 | -2,846 | |||
Changes in assets and liabilities: | ||||||
Receivables, net | ||||||
-5,844 | -181 | -3,282 | 6,395 | |||
Inventories | ||||||
5,969 | -3,207 | -5,600 | -16,565 | |||
Income and other taxes | ||||||
4,528 | -16,904 | 6,734 | 9,467 | |||
Accounts payable | ||||||
-16,485 | 16,792 | 1,092 | 12,028 | |||
Interest accrued | ||||||
145 | 526 | 807 | 93 | |||
Deferred gas costs | ||||||
23,471 | 14,395 | -17,122 | 10,204 | |||
Decoupling mechanism | ||||||
-18,661 | -4,497 | -4,436 | - | |||
Other, net | ||||||
4,285 | 3,945 | 8,529 | -11,727 | |||
Discontinued operations | ||||||
712 | -645 | 197,180 | 5,020 | |||
Cash provided by operating activities | ||||||
185,298 | 168,771 | 206,704 | 222,147 | |||
Investing activities: | ||||||
Payments to Acquire Property, Plant, and Equipment | ||||||
223,471 | 214,636 | 213,325 | 138,357 | |||
Acquisitions, net of cash acquired | ||||||
56,786 | 873 | 0 | - | |||
Leasehold improvement expenditures | ||||||
18,812 | 4,415 | 0 | - | |||
Other | ||||||
2,885 | -1,898 | 577 | -2,882 | |||
Discontinued operations | ||||||
-1,827 | 573 | -270 | -1,154 | |||
Cash used in investing activities | ||||||
-303,781 | -217,453 | -214,172 | -136,629 | |||
Financing activities: | ||||||
Repurchases related to stock-based compensation | ||||||
0 | 0 | 2,034 | 1,042 | |||
Proceeds from stock options exercised | ||||||
2,015 | 1,546 | 4,819 | 8,404 | |||
Proceeds from common stock issued | ||||||
92,956 | 0 | 0 | 52,760 | |||
Long-term debt issued | ||||||
175,000 | 50,000 | 100,000 | 150,000 | |||
Long-term debt retired | ||||||
30,000 | 97,000 | 40,000 | 25,000 | |||
Change in short-term debt | ||||||
-68,520 | 163,274 | 900 | -216,735 | |||
Cash dividend payments on common stock | ||||||
53,339 | 51,311 | 53,957 | 51,508 | |||
Stock purchases related to acquisitions | ||||||
0 | 7,951 | 0 | 0 | |||
Other | ||||||
-2,614 | -715 | -2,309 | -3,087 | |||
Net Cash Provided by (Used in) Financing Activities | ||||||
115,498 | 57,843 | 7,419 | -86,208 | |||
Increase (decrease) in cash and cash equivalents | ||||||
-2,985 | 9,161 | -49 | -690 | |||
Supplemental disclosure of cash flow information: | ||||||
Interest paid, net of capitalization | ||||||
41,231 | 35,324 | 34,787 | 36,023 | |||
Income taxes paid (refunded), net | ||||||
-96 | 27,370 | 14,780 | -7,157 | |||
Northwest Natural Gas Company [Member] | ||||||
Net income | ||||||
68,974 | 66,326 | -55,623 | 58,895 | |||
Depreciation, Depletion and Amortization, Nonproduction | ||||||
90,405 | 84,986 | 81,024 | 77,575 | |||
Regulatory amortization of gas reserves | ||||||
19,172 | 16,684 | 16,353 | 15,525 | |||
Deferred income taxes | ||||||
4,046 | 12,330 | 15,894 | 30,772 | |||
Qualified defined benefit pension plan expense | ||||||
16,497 | 8,108 | 5,364 | 5,274 | |||
Contributions to qualified defined benefit pension plans | ||||||
10,970 | 15,540 | 19,430 | 14,470 | |||
Deferred environmental expenditures, net | ||||||
-16,226 | -14,528 | -13,716 | -10,469 | |||
Regulatory disallowance of prior environmental cost deferrals | ||||||
- | - | - | 3,287 | |||
Amortization of environmental remediation | ||||||
12,337 | 11,127 | 15,291 | 13,298 | |||
Regulatory revenue recovery deferral from the TCJA | ||||||
853 | 7,929 | 0 | 0 | |||
Regulatory disallowance of pension costs | ||||||
10,500 | 0 | 0 | - | |||
Other | ||||||
-12,317 | -883 | -2,003 | -2,745 | |||
Receivables, net | ||||||
-9,264 | 3,920 | -3,215 | 6,319 | |||
Inventories | ||||||
5,990 | -3,212 | -5,601 | -16,565 | |||
Income and other taxes | ||||||
496 | -7,854 | 6,730 | 9,467 | |||
Accounts payable | ||||||
-18,548 | 13,937 | 3,332 | 10,822 | |||
Interest accrued | ||||||
168 | 500 | 807 | 93 | |||
Deferred gas costs | ||||||
23,471 | 14,395 | -17,122 | 10,204 | |||
Decoupling mechanism | ||||||
-18,661 | -4,497 | -4,436 | - | |||
Other, net | ||||||
2,309 | 3,958 | 8,291 | -12,342 | |||
Discontinued operations | ||||||
0 | 3,184 | 126,371 | 7,041 | |||
Cash provided by operating activities | ||||||
186,176 | 173,508 | 206,483 | 222,239 | |||
Payments to Acquire Property, Plant, and Equipment | ||||||
221,380 | 214,328 | 213,325 | 138,357 | |||
Leasehold improvement expenditures | ||||||
18,812 | 4,415 | 0 | - | |||
Other | ||||||
2,885 | -898 | 577 | -2,882 | |||
Discontinued operations | ||||||
0 | -20,617 | -270 | -1,154 | |||
Cash used in investing activities | ||||||
-243,077 | -238,462 | -214,172 | -136,629 | |||
Repurchases related to stock-based compensation | ||||||
0 | 0 | 2,034 | 1,042 | |||
Proceeds from stock options exercised | ||||||
0 | 1,368 | 4,819 | 8,404 | |||
Proceeds from common stock issued | ||||||
- | - | - | 52,760 | |||
Long-term debt issued | ||||||
140,000 | 50,000 | 100,000 | 150,000 | |||
Long-term debt retired | ||||||
30,000 | 97,000 | 40,000 | 25,000 | |||
Change in short-term debt | ||||||
-92,400 | 163,300 | 900 | -216,735 | |||
Proceeds from Contributions from Parent | ||||||
93,155 | 0 | 0 | - | |||
Cash dividend payments on common stock | ||||||
53,372 | 38,387 | 53,957 | 51,508 | |||
Other | ||||||
-2,510 | -1,539 | -2,309 | -3,087 | |||
Discontinued operations | ||||||
0 | -7,951 | 0 | 0 | |||
Net Cash Provided by (Used in) Financing Activities | ||||||
54,873 | 69,791 | 7,419 | -86,208 | |||
Increase (decrease) in cash and cash equivalents | ||||||
-2,028 | 4,837 | -270 | -598 | |||
Interest paid, net of capitalization | ||||||
39,927 | 35,305 | 34,787 | 36,023 | |||
Income taxes paid (refunded), net | ||||||
2,479 | 27,350 | 14,780 | -7,157 | |||