Southwest gas holdings, inc. (SWX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

Accrued utility revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued utility revenue

-

-

-

-

-

-1,000

500

600

1,400

2,000

1,100

1,100

800

1,500

0

0

0

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

0

0

0

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

0

0

0

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

8,541

26,340

0

0

0

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

13,109

27,432

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

Acquisition of businesses, net of cash acquired

47,638

47,638

266,697

266,697

247,164

251,373

0

0

0

-

-

-

-

-

-

-

-

Changes in customer advances

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in customer advances

-

-

-

-

-

13,463

13,325

9,911

2,304

323

504

4,318

5,296

7,900

0

0

0

Other

-19,321

-15,153

-13,376

-2,936

-6,108

-4,341

-29,632

-26,114

-19,861

-16,645

14,234

15,818

16,634

13,039

0

0

0

Net cash used in investing activities

-945,101

-951,632

-1,160,995

-1,147,454

-1,052,597

-999,483

-807,592

-776,624

-745,081

-700,885

-560,403

-506,757

-527,830

-525,592

0

0

0

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

0

0

0

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

0

0

0

Centuri distribution to redeemable noncontrolling interest

-

-

-

-

-

-

-

-

204

204

544

544

442

439

0

0

0

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

0

0

0

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

0

0

0

Change in credit facility and commercial paper

0

-

-

0

0

-

-

-44,000

24,000

145,000

150,000

89,500

15,000

-145,000

0

0

0

Change in short-term debt

-31,000

59,000

-1,500

-22,500

165,500

-62,500

0

0

0

-

-

-

-

-18,000

0

0

0

Principal payments on finance lease obligations

193

212

387

439

553

648

606

723

946

980

1,025

1,092

1,240

1,354

0

0

0

Redemption of Centuri shares from noncontrolling parties

-

-

-

-

-

-

-

0

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

0

0

0

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

0

0

0

Net cash provided by (used in) financing activities

325,424

415,280

620,645

590,932

548,191

512,574

339,349

362,833

378,002

346,185

112,468

142,867

62,659

-82,653

0

0

0

Effects of currency translation on cash and cash equivalents

-222

158

-289

-12

-72

-208

157

34

114

301

103

-56

-37

-194

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

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

0

0

0

-

-

-

-

Net Income from continuing operations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Depreciation and amortization

222,733

215,620

205,594

201,146

199,467

191,816

193,828

192,098

190,688

201,922

0

0

0

-

-

-

-

Deferred income taxes

-15,118

-33,681

-45,659

-43,811

-50,593

-42,999

-55,787

-47,666

-46,622

-67,169

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Accrued utility revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued utility revenue

-

-

-

-

-

-1,000

500

600

1,400

2,000

0

0

0

-

-

-

-

Deferred purchased gas costs

-19,527

58,491

54,797

-5,128

-25,339

-82,574

-84,282

-11,693

36,330

95,608

0

0

0

-

-

-

-

Accounts payable

-29,798

-27,473

-686

716

18,398

23,408

-2,700

8,157

14,717

4,545

0

0

0

-

-

-

-

Accrued taxes

33,526

8,895

-7,125

-6,008

-17,504

-18,732

-9,735

430

12,683

10,383

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Equity AFUDC

4,262

4,161

5,772

5,008

4,358

3,627

1,253

1,773

2,050

2,296

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Changes in customer advances

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in customer advances

-

-

-

-

-

13,463

13,325

9,911

2,304

323

0

0

0

-

-

-

-

Other

48

95

1,353

813

-229

-14

-6,464

-4,873

-3,232

-2,741

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Issuance of common stock, net

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Contributions from parent

187,094

159,936

149,091

159,045

136,391

113,549

0

0

0

-

-

-

-

-

-

-

-

Dividends paid

97,600

95,900

93,000

90,300

89,500

87,000

86,000

84,601

83,997

81,497

0

0

0

-

-

-

-

Issuance of long-term debt, net

297,222

297,222

297,222

297,222

0

297,495

0

0

0

-

-

-

-

-

-

-

-

Retirement of long-term debt

-

-

-

-

-

-

-

-

-

25,000

0

0

0

-

-

-

-

Change in credit facility and commercial paper

0

-

-

0

0

-

-

-44,000

24,000

145,000

0

0

0

-

-

-

-

Change in short-term debt

-91,000

42,000

21,000

0

188,000

-39,000

0

0

0

-

-

-

-

-

-

-

-

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

0

0

0

-

-

-

-

Other

-887

-825

-890

-961

-783

-1,028

-991

-850

-371

-596

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Change in cash and cash equivalents of continuing operations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

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

0

0

0

-

-

-

-

Income taxes paid (received), net

-22,262

678

-17,164

-16,764

-5,878

-5,856

3,428

3,013

-7,816

-7,854

0

0

0

-

-

-

-