Southwest gas holdings, inc. (SWX)
CashFlow / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
CASH FLOW FROM OPERATING ACTIVITIES:
Net income

194,268

216,647

194,217

200,023

198,742

181,652

208,572

206,661

203,231

193,942

163,240

155,727

146,705

153,055

154,059

146,942

142,906

139,430

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

313,351

303,237

286,522

273,308

264,273

249,212

247,803

244,176

240,951

250,951

260,457

271,773

286,250

289,132

286,977

283,608

278,004

270,111

Deferred income taxes

-54,548

-54,162

-60,930

-49,554

-52,736

-51,041

-50,190

-48,871

-49,372

-63,389

-74,439

-70,652

-87,046

-68,732

-86,526

-90,805

-60,132

-48,785

Changes in current assets and liabilities:
Accounts receivable, net of allowances

-7,154

54,245

33,818

5,770

40,282

15,862

27,276

57,196

68,978

40,947

13,765

19,266

-21,460

-30,096

17,889

-7,039

-37,525

39,850

Accrued utility revenue

1,100

-

-

-

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued utility revenue

-

1,900

1,200

700

-

-1,000

500

600

1,400

2,000

1,100

1,100

800

1,500

800

700

700

800

Deferred purchased gas costs

-19,527

58,491

54,797

-5,128

-25,339

-82,574

-84,282

-11,693

36,330

95,608

114,658

111,627

83,025

-45,858

-79,460

-102,834

-129,120

-129,566

Accounts payable

-49,945

-1,865

14,317

8,088

47,632

11,778

-1,886

25,943

26,762

19,961

19,866

4,606

1,523

21,695

10,445

1,622

10,556

-3,491

Accrued taxes

10,220

5,243

-4,956

3,123

-5,331

-11,955

-12,417

-9,138

491

2,112

38,084

32,361

10,660

26,340

-11,033

-28,140

-18,118

-8,405

Other current assets and liabilities

-102,742

-74,137

-18,730

-17,721

5,582

54,073

50,002

45,399

29,945

8,203

-3,590

14,803

15,228

27,432

-22,034

-22,696

6,472

-23,213

Gains on sale of equipment

5,268

5,473

3,863

2,284

1,706

1,703

3,741

3,019

4,087

4,196

4,483

5,833

6,154

7,148

4,200

3,281

2,909

3,102

Changes in undistributed stock compensation

6,524

6,896

7,492

7,513

7,438

6,111

6,375

6,457

6,638

10,888

10,308

9,673

10,173

5,456

5,142

4,916

3,846

2,914

Equity AFUDC

4,262

4,161

5,772

5,008

4,358

3,627

1,253

1,773

2,050

2,296

2,473

2,116

2,232

2,289

2,890

3,157

3,144

3,008

Changes in deferred charges and other assets

-1,772

21,051

11,096

16,486

20,221

5,738

18,296

15,870

16,941

22,269

1,436

-5,216

-10,078

-16,960

-4,183

-1,296

1,121

14,166

Changes in other liabilities and deferred credits

-65,704

-12,764

33,243

26,040

17,420

38,446

-3,747

7,979

20,965

4,231

-10,239

-13,741

-18,656

-18,447

702

5,407

11,706

10,863

Net cash provided by operating activities

583,827

500,372

499,949

560,250

536,400

528,856

478,104

418,785

388,679

369,955

421,830

381,522

447,800

600,508

612,716

631,887

641,331

552,060

CASH FLOW FROM INVESTING ACTIVITIES:
Construction expenditures and property additions

938,141

938,148

925,135

898,481

822,034

765,914

733,816

700,426

662,401

623,649

575,141

526,893

532,760

529,531

555,819

549,232

510,170

488,000

Acquisition of businesses, net of cash acquired

47,638

47,638

266,697

266,697

247,164

251,373

98,413

98,413

98,413

94,204

0

-

17,000

17,000

17,000

17,000

-

9,261

Changes in customer advances

21,357

-

-

-

13,503

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-785

-785

Changes in customer advances

-

19,001

17,461

14,788

-

13,463

13,325

9,911

2,304

323

504

4,318

5,296

7,900

9,445

10,763

16,515

18,300

Other

-19,321

-15,153

-13,376

-2,936

-3,200

-4,341

-11,312

-12,304

13,429

-16,645

14,234

15,818

16,634

13,039

4,726

7,588

6,645

8,354

Net cash used in investing activities

-945,101

-951,632

-1,160,995

-1,147,454

-1,052,495

-999,483

-807,592

-776,624

-745,081

-700,885

-560,403

-506,757

-527,830

-525,592

-558,648

-547,881

-486,225

-469,822

CASH FLOW FROM FINANCING ACTIVITIES:
Issuance of common stock, net

135,215

157,946

391,509

388,006

369,061

354,402

121,826

110,390

52,375

41,155

11,505

-111

71

472

507

15,170

27,006

35,396

Dividends paid

118,531

116,127

112,050

107,993

104,003

100,240

98,162

96,166

94,572

92,130

89,870

87,683

85,494

83,317

81,138

78,830

76,445

74,248

Centuri distribution to redeemable noncontrolling interest

-

0

-

-

-

0

-

-

204

204

544

544

442

439

198

198

198

99

Issuance of long-term debt, net

601,908

531,596

566,793

531,368

259,456

565,172

783,748

781,882

716,165

407,063

119,308

408,397

400,851

423,946

420,946

138,779

134,896

135,816

Retirement of long-term debt

257,797

213,789

221,176

190,586

247,816

237,758

382,486

379,704

312,308

338,969

159,162

262,348

260,724

255,273

240,999

162,530

212,203

187,973

Change in credit facility and commercial paper

0

0

-

-2,000

111,000

0

-

-44,000

24,000

145,000

150,000

89,500

15,000

-145,000

-97,000

-27,500

-

-

Change in short-term debt

-31,000

59,000

-1,500

-22,500

165,500

-62,500

-79,000

20,000

22,500

214,500

110,500

2,500

-

-18,000

-

-

-

13,000

Principal payments on finance lease obligations

193

212

387

439

553

648

606

723

946

980

1,025

1,092

1,240

1,354

1,449

1,533

1,347

1,420

Redemption of Centuri shares from noncontrolling parties

-

0

-

0

-

0

-

23,000

23,000

23,000

23,000

-

-

0

-

-

-

-

Withholding remittance - share-based compensation

2,756

1,858

2,088

2,112

2,096

3,110

2,880

2,910

3,510

3,176

3,176

3,271

2,739

2,119

2,164

3,766

3,771

4,913

Other

-1,422

-1,276

-456

-2,812

-2,460

-2,744

-3,091

-2,936

-2,498

-3,074

-2,068

-2,481

-2,624

-1,569

-60

451

512

41

Net cash provided by (used in) financing activities

325,424

415,280

620,645

590,932

548,089

512,574

339,349

362,833

378,002

346,185

112,468

142,867

62,659

-82,653

-1,555

-119,957

-131,550

-84,400

Effects of currency translation on cash and cash equivalents

-222

158

-289

-12

-72

-208

157

34

114

301

103

-56

-37

-194

-318

-832

-760

-1,407

Change in cash and cash equivalents

-36,072

-35,822

-40,690

3,716

31,922

41,739

10,018

5,028

21,714

15,556

-26,002

17,576

-17,408

-7,931

52,195

-36,783

22,796

-3,569

SUPPLEMENTAL INFORMATION:
Interest paid, net of amounts capitalized

99,481

102,258

99,159

96,476

89,118

86,562

75,740

76,843

74,949

71,943

66,077

69,398

67,135

67,440

68,445

65,634

66,719

66,623

Income taxes paid (received), net

-17,766

2,752

-16,669

-13,454

-2,743

1,221

20,247

19,137

8,264

5,673

-21,875

-20,726

-19,341

-19,032

9,899

19,483

43,260

43,225

Southwest Gas Corporation
Net income

143,381

163,171

146,287

152,629

151,882

138,842

153,683

163,329

170,229

156,818

148,130

155,061

154,638

153,055

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

13,807

29,119

35,860

33,632

-

-

-

-

Net Income from continuing operations

-

-

-

-

-

-

-

-

-

-

134,323

125,942

118,778

119,423

-

-

-

-

Depreciation and amortization

222,733

215,620

205,594

201,146

199,467

191,816

193,828

192,098

190,688

201,922

212,693

222,935

233,913

233,463

-

-

-

-

Deferred income taxes

-15,118

-33,681

-45,659

-43,811

-50,593

-42,999

-55,787

-47,666

-46,622

-67,169

-72,627

-74,241

-87,729

-67,959

-

-

-

-

Accounts receivable, net of allowances

-21,652

10,737

3,436

9,787

22,522

20,309

2,066

9,282

29,031

7,902

7,131

973

-5,750

-40,731

-

-

-

-

Accrued utility revenue

1,100

-

-

-

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued utility revenue

-

1,900

1,200

700

-

-1,000

500

600

1,400

2,000

1,100

1,100

800

1,500

-

-

-

-

Deferred purchased gas costs

-19,527

58,491

54,797

-5,128

-25,339

-82,574

-84,282

-11,693

36,330

95,608

114,658

111,627

83,025

-45,858

-

-

-

-

Accounts payable

-29,798

-27,473

-686

716

18,398

23,408

-2,700

8,157

14,717

4,545

17,271

3,157

3,771

16,183

-

-

-

-

Accrued taxes

33,526

8,895

-7,125

-6,008

-17,504

-18,732

-9,735

430

12,683

10,383

29,143

23,024

10,637

19,391

-

-

-

-

Other current assets and liabilities

-106,803

-89,171

-31,579

-7,511

12,982

91,444

81,333

62,357

47,905

13,726

224

14,022

6,677

33,496

-

-

-

-

Changes in undistributed stock compensation

5,045

5,146

5,796

5,895

5,834

5,355

5,558

5,577

5,695

9,288

9,108

8,873

9,773

5,456

-

-

-

-

Equity AFUDC

4,262

4,161

5,772

5,008

4,358

3,627

1,253

1,773

2,050

2,296

2,473

2,116

2,232

2,289

-

-

-

-

Changes in deferred charges and other assets

9,871

31,767

17,122

21,895

23,289

7,049

19,082

16,607

17,655

22,918

1,914

-4,761

-9,728

-16,611

-

-

-

-

Changes in other liabilities and deferred credits

-66,294

-13,361

19,762

25,356

16,805

37,669

8,208

7,323

20,230

3,541

-10,751

-14,250

-18,968

-18,447

-

-

-

-

Net cash provided by operating activities

456,460

367,794

364,539

398,794

387,963

382,502

384,677

345,654

326,493

309,216

336,914

318,845

368,377

509,343

-

-

-

-

Construction expenditures and property additions

788,465

778,748

784,237

762,121

714,762

682,869

651,022

622,362

591,184

560,448

514,661

466,780

468,413

457,119

-

-

-

-

Changes in customer advances

21,356

-

-

-

13,503

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in customer advances

-

19,001

17,461

14,788

-

13,463

13,325

9,911

2,304

323

504

4,318

5,296

7,900

-

-

-

-

Other

48

95

1,353

813

357

-14

-1,650

-2,165

2,250

-2,741

2,925

2,546

3,055

2,982

-

-

-

-

Net cash used in investing activities

-767,157

-759,842

-768,129

-748,146

-701,616

-669,392

-636,047

-610,286

-586,630

-557,384

-501,572

-450,256

-450,402

-433,776

-

-

-

-

Dividends received

-

-

-

-

-

-

-

-

-

-

9,660

9,660

9,660

12,461

-

-

-

-

Issuance of common stock, net

-

-

-

-

-

-

-

-

41,359

-

-58

-15

71

472

-

-

-

-

Contributions from parent

187,094

159,936

149,091

159,045

136,391

113,549

120,344

97,955

0

41,359

11,659

-

-

0

-

-

-

-

Dividends paid

97,600

95,900

93,000

90,300

89,500

87,000

86,000

84,601

83,997

81,497

81,864

82,630

82,597

83,317

-

-

-

-

Issuance of long-term debt, net

297,222

297,222

297,222

297,222

0

297,495

297,495

297,495

297,495

0

0

296,469

296,469

296,469

-

-

-

-

Retirement of long-term debt

-

0

-

-

-

0

-

-

-

25,000

25,000

149,855

149,855

124,855

-

-

-

-

Change in credit facility and commercial paper

0

0

-

-2,000

111,000

0

-

-44,000

24,000

145,000

150,000

89,500

15,000

-145,000

-

-

-

-

Change in short-term debt

-91,000

42,000

21,000

0

188,000

-39,000

-74,000

0

0

191,000

83,000

-

-

-18,000

-

-

-

-

Withholding remittance - share-based compensation

2,756

1,858

2,087

2,111

2,096

3,110

2,880

2,911

3,510

3,176

3,176

3,271

2,739

2,119

-

-

-

-

Other

-887

-825

-890

-961

-783

-1,028

-991

-850

-371

-596

-1,508

-1,970

-2,234

-1,569

-

-

-

-

Net cash provided by (used in) financing activities

292,073

400,575

371,336

360,895

343,012

280,906

253,968

263,088

274,976

267,090

133,053

148,228

74,115

-77,919

-

-

-

-

Net cash provided by discontinued operating activities

-

-

-

-

-

-

-

-

-

-

57,680

73,607

65,213

91,165

-

-

-

-

Net cash used in discontinued investing activities

-

-

-

-

-

-

-

-

-

-

-11,049

-23,903

-66,582

-91,816

-

-

-

-

Net cash used in discontinued financing activities

-

-

-

-

-

-

-

-

-

-

-44,491

-46,962

-11,385

-4,734

-

-

-

-

Effects of currency translation on cash and cash equivalents, including discontinued operations

-

-

-

-

-

-

-

-

-

-

-180

-199

-153

-194

-

-

-

-

Change in cash and cash equivalents

-18,624

8,527

-32,254

11,543

29,359

-5,984

2,598

-1,544

14,839

18,922

-29,645

19,360

-20,817

-7,931

-

-

-

-

Change in cash and cash equivalents included in discontinued operations utility infrastructure services assets

-

-

-

-

-

-

-

-

-

-

-1,960

-2,543

12,907

5,579

-

-

-

-

Change in cash and cash equivalents of continuing operations

-

-

-

-

-

-

-

-

-

-

-31,605

16,817

-7,910

-2,352

-

-

-

-

Interest paid, net of amounts capitalized

87,277

88,658

82,539

83,206

75,094

73,805

67,025

66,037

66,097

64,790

59,448

63,221

61,212

61,501

-

-

-

-

Income taxes paid (received), net

700

678

-17,164

-16,764

-5,878

-5,856

3,428

3,013

-7,816

-7,854

-27,952

-32,885

-36,767

-31,011

-

-

-

-