| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net income | ||||||||
47,498 | 36,740 | -19,301 | 1,095 | 43,201 | 35,824 | -11,794 | -998 | 41,537 |
Adjustments to reconcile net income to cash provided by operations: | ||||||||
Depreciation, Depletion and Amortization | ||||||||
24,675 | 24,162 | 23,375 | 22,387 | 21,572 | 21,649 | 21,485 | 21,147 | 20,875 |
Regulatory amortization of gas reserves | ||||||||
4,087 | 4,698 | 5,007 | 4,687 | 4,780 | 4,628 | 4,240 | 3,743 | 4,073 |
Deferred income taxes | ||||||||
-3,422 | 3,846 | -3,446 | -389 | 6,306 | 10,402 | -7,273 | -2,100 | 13,327 |
Qualified defined benefit pension plan expense | ||||||||
4,446 | 6,033 | 3,476 | 3,489 | 3,499 | 3,658 | 1,574 | 1,441 | 1,435 |
Contributions to qualified defined benefit pension plans | ||||||||
3,160 | 3,160 | 3,160 | 3,160 | 1,490 | 3,850 | 6,120 | 3,850 | 1,720 |
Deferred environmental expenditures, net | ||||||||
-3,981 | -5,234 | -3,844 | -3,463 | -3,685 | -3,981 | -3,217 | -6,050 | -1,280 |
Amortization of environmental remediation | ||||||||
4,005 | 5,079 | 967 | -2,656 | 8,947 | 3,599 | 1,022 | 1,882 | 4,624 |
Regulatory revenue recovery deferral from the TCJA | ||||||||
0 | 111 | 103 | 189 | 450 | 946 | -2,229 | 2,788 | 6,424 |
Regulatory disallowance of pension costs | ||||||||
0 | 0 | 0 | 0 | 10,500 | 0 | 0 | 0 | 0 |
Other | ||||||||
-6,499 | -4,849 | -2,776 | -3,111 | -3,171 | -55 | -731 | 69 | -879 |
Changes in assets and liabilities: | ||||||||
Receivables, net | ||||||||
-4,845 | 74,361 | -11,169 | -73,927 | 4,891 | 83,013 | -3,862 | -68,780 | -10,552 |
Inventories | ||||||||
-9,571 | 2,676 | 18,222 | 6,179 | -21,108 | -8,341 | 9,937 | 8,341 | -13,144 |
Income and other taxes | ||||||||
21,911 | -16,982 | 5,210 | 8,894 | 7,406 | -11,095 | 6,158 | -5,102 | -6,865 |
Accounts payable | ||||||||
-23,430 | 15,282 | -3,924 | -12,960 | -14,883 | 39,721 | 3,684 | -7,571 | -19,042 |
Interest accrued | ||||||||
1,945 | -2,955 | 2,580 | -1,407 | 1,927 | -2,154 | 2,801 | -2,610 | 2,489 |
Deferred gas costs | ||||||||
-8,239 | -23,614 | 2,235 | 25,668 | 19,182 | 16,767 | 2,415 | -1,268 | -3,519 |
Decoupling mechanism | ||||||||
-6,137 | -7,566 | -2,460 | -732 | -7,903 | -1,582 | 1,698 | 818 | -5,431 |
Other, net | ||||||||
6,626 | -2,428 | 1,916 | 13,691 | -8,894 | -2,558 | 5,513 | 4,953 | -3,963 |
Discontinued operations | ||||||||
-376 | 967 | -893 | 1,377 | -739 | -1,861 | 516 | -456 | 1,156 |
Cash provided by operating activities | ||||||||
102,863 | 30,007 | 182 | 50,315 | 104,794 | 10,242 | -4,123 | 58,131 | 104,521 |
Investing activities: | ||||||||
Capital expenditures | ||||||||
57,446 | - | - | - | 48,764 | - | - | - | - |
Payments to Acquire Property, Plant, and Equipment | ||||||||
- | - | - | - | - | 55,841 | 56,425 | 45,041 | 57,329 |
Acquisitions, net of cash acquired | ||||||||
37,883 | 597 | 378 | 55,811 | 0 | - | - | - | - |
Leasehold improvement expenditures | ||||||||
6,325 | - | - | - | 940 | - | - | - | - |
Other | ||||||||
-919 | -12,575 | 10,071 | 4,338 | 1,051 | -3,695 | 1,992 | -253 | 58 |
Discontinued operations | ||||||||
-694 | -1,179 | 402 | -749 | -301 | 1,192 | -336 | -182 | -101 |
Cash used in investing activities | ||||||||
-101,429 | -78,491 | -71,893 | -102,341 | -51,056 | -56,378 | -58,617 | -44,970 | -57,488 |
Financing activities: | ||||||||
Proceeds from stock options exercised | ||||||||
68 | 292 | 0 | 177 | 1,546 | 178 | 1,323 | 45 | 0 |
Long-term debt issued | ||||||||
150,000 | 0 | 0 | 175,000 | 0 | - | - | - | - |
Long-term debt retired | ||||||||
75,000 | 20,000 | 10,000 | 0 | 0 | 75,000 | 0 | 0 | 22,000 |
Proceeds from Short-term Debt | ||||||||
150,000 | - | - | - | 0 | - | - | - | - |
Change in short-term debt | ||||||||
250,900 | 83,520 | 45,500 | -156,311 | -41,229 | 116,974 | 53,400 | -2,900 | -4,200 |
Cash dividend payments on common stock | ||||||||
13,834 | 13,734 | 13,689 | 12,981 | 12,935 | 12,924 | 12,810 | 12,796 | 12,781 |
Other | ||||||||
-2,137 | -2,242 | -463 | 1,027 | -936 | -424 | -12 | 30 | -309 |
Net Cash Provided by (Used in) Financing Activities | ||||||||
459,997 | 47,610 | 21,348 | 100,094 | -53,554 | 28,804 | 83,950 | -15,621 | -39,290 |
Increase in cash and cash equivalents | ||||||||
461,431 | -874 | -50,363 | 48,068 | 184 | -17,332 | 21,210 | -2,460 | 7,743 |
Supplemental disclosure of cash flow information: | ||||||||
Interest paid, net of capitalization | ||||||||
8,368 | 13,495 | 8,011 | 11,749 | 7,976 | 12,503 | 5,704 | 10,856 | 6,261 |
Income taxes paid (refunded), net | ||||||||
-256 | 6,000 | -1 | -6,005 | -90 | 5,323 | 8,700 | 3,547 | 9,800 |
Northwest Natural Gas Company [Member] | ||||||||
Net income | ||||||||
49,179 | 39,613 | -17,588 | 3,054 | 43,895 | 37,581 | -11,794 | -998 | 41,537 |
Depreciation, Depletion and Amortization | ||||||||
24,190 | 23,584 | 23,074 | 22,243 | 21,504 | 21,574 | 21,454 | 21,090 | 20,868 |
Regulatory amortization of gas reserves | ||||||||
4,087 | 4,698 | 5,007 | 4,687 | 4,780 | 4,628 | 4,240 | 3,743 | 4,073 |
Deferred income taxes | ||||||||
-3,897 | 4,051 | -5,047 | -1,030 | 6,072 | 9,981 | -7,038 | -3,475 | 12,862 |
Qualified defined benefit pension plan expense | ||||||||
4,446 | 6,033 | 3,476 | 3,489 | 3,499 | 3,658 | 1,574 | 1,441 | 1,435 |
Contributions to qualified defined benefit pension plans | ||||||||
3,160 | 3,160 | 3,160 | 3,160 | 1,490 | 3,850 | 6,120 | 3,850 | 1,720 |
Deferred environmental expenditures, net | ||||||||
-3,981 | -5,234 | -3,844 | -3,463 | -3,685 | -3,981 | -3,217 | -6,050 | -1,280 |
Amortization of environmental remediation | ||||||||
4,005 | 5,079 | 967 | -2,656 | 8,947 | 3,599 | 1,022 | 1,882 | 4,624 |
Regulatory revenue recovery deferral from the TCJA | ||||||||
0 | 111 | 103 | 189 | 450 | 946 | -2,229 | 2,788 | 6,424 |
Regulatory disallowance of pension costs | ||||||||
0 | 0 | 0 | 0 | 10,500 | 0 | 0 | 0 | 0 |
Other | ||||||||
-6,061 | -4,414 | -2,340 | -2,446 | -3,117 | 1,026 | -729 | -326 | -854 |
Receivables, net | ||||||||
-2,798 | 74,317 | -10,395 | -78,181 | 4,995 | 87,036 | -3,783 | -68,781 | -10,552 |
Inventories | ||||||||
-9,593 | 2,669 | 18,244 | 6,174 | -21,097 | -8,716 | 9,938 | 8,710 | -13,144 |
Income and other taxes | ||||||||
21,748 | -13,009 | 6,306 | 2,162 | 5,037 | -2,044 | 6,147 | -5,097 | -6,860 |
Accounts payable | ||||||||
-22,717 | 11,733 | -6,537 | -8,407 | -15,337 | 36,675 | 3,457 | -7,550 | -18,645 |
Interest accrued | ||||||||
1,927 | -2,964 | 2,730 | -1,550 | 1,952 | -2,180 | 2,801 | -2,610 | 2,489 |
Deferred gas costs | ||||||||
-8,239 | -23,614 | 2,235 | 25,668 | 19,182 | 16,767 | 2,415 | -1,268 | -3,519 |
Decoupling mechanism | ||||||||
-6,137 | -7,566 | -2,460 | -732 | -7,903 | -1,582 | 1,698 | 818 | -5,431 |
Other, net | ||||||||
4,593 | -2,569 | 1,875 | 13,642 | -10,639 | -2,410 | 4,378 | 5,953 | -3,963 |
Discontinued operations | ||||||||
- | - | - | - | - | 1,107 | -1,027 | 1,803 | 1,301 |
Cash provided by operating activities | ||||||||
104,062 | 31,712 | -1,672 | 51,433 | 104,703 | 15,573 | -4,647 | 58,011 | 104,571 |
Capital expenditures | ||||||||
56,234 | - | - | - | 48,658 | - | - | - | - |
Payments to Acquire Property, Plant, and Equipment | ||||||||
- | - | - | - | - | 55,533 | 56,425 | 45,041 | 57,329 |
Leasehold improvement expenditures | ||||||||
6,325 | - | - | - | 940 | - | - | - | - |
Other | ||||||||
-919 | -12,575 | 10,071 | 4,338 | 1,051 | -3,695 | 2,992 | -252 | 57 |
Discontinued operations | ||||||||
- | - | - | - | - | -1,011 | -19,322 | -183 | -101 |
Cash used in investing activities | ||||||||
-61,640 | -75,702 | -71,311 | -45,415 | -50,649 | -57,264 | -78,739 | -44,972 | -57,487 |
Long-term debt issued | ||||||||
150,000 | 0 | 0 | 140,000 | 0 | - | - | - | - |
Long-term debt retired | ||||||||
75,000 | 20,000 | 10,000 | 0 | 0 | 75,000 | 0 | 0 | 22,000 |
Proceeds from Short-term Debt | ||||||||
150,000 | - | - | - | 0 | - | - | - | - |
Change in short-term debt | ||||||||
174,900 | - | - | - | -41,200 | - | - | - | - |
Change in short-term debt | ||||||||
- | - | - | - | - | 117,000 | 53,400 | -2,900 | -4,200 |
Cash dividend payments on common stock | ||||||||
13,796 | 13,771 | 13,687 | 12,979 | 12,935 | 0 | 12,810 | 12,796 | 12,781 |
Other | ||||||||
-2,190 | -2,167 | -420 | 1,110 | -1,033 | -1,248 | -57 | 75 | -309 |
Net Cash Provided by (Used in) Financing Activities | ||||||||
383,914 | 43,635 | 21,393 | 45,013 | -55,168 | 40,752 | 83,950 | -15,621 | -39,290 |
Increase in cash and cash equivalents | ||||||||
426,336 | - | - | - | -1,114 | - | - | - | - |
Increase (decrease) in cash and cash equivalents | ||||||||
- | - | - | - | - | -939 | 564 | -2,582 | 7,794 |
Interest paid, net of capitalization | ||||||||
7,795 | 13,000 | 7,398 | 11,640 | 7,889 | 12,484 | 5,704 | 10,856 | 6,261 |
Income taxes paid (refunded), net | ||||||||
950 | 8,575 | -1 | -6,005 | -90 | 5,303 | 8,700 | 3,547 | 9,800 |