v3.25.2
Condensed Consolidated Statements Of Cash Flow - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 391,616 $ 341,157
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 202,896 180,450
Deferred income taxes (16,704) (12,404)
Provision for doubtful accounts 8,620 13,843
Stock-based compensation 6,909 3,825
Gain on sale of utility systems and other assets (493) (91,828)
Net change in receivables, deferred purchased gas costs, inventory and prepayments 35,915 21,222
Net change in payables, accrued interest, accrued taxes and other accrued liabilities (44,062) (24,245)
Other, net (12,863) (5,594)
Net cash flows from operating activities 571,834 426,426
Cash flows from investing activities:    
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $4,145 and $3,482 (612,629) (548,868)
Acquisitions of utility systems, net (20,536) (67)
Net proceeds from the sale of utility systems and other assets 537 166,982
Other, net (201) (158)
Net cash flows used in investing activities (632,829) (382,111)
Cash flows from financing activities:    
Customers' advances and contributions in aid of construction 10,154 7,361
Repayments of customers' advances (2,192) (3,009)
Net repayments of short-term debt (168,502) (66,857)
Net proceeds from commercial paper program 567,400
Proceeds from other long-term debt 985,725 789,946
Repayments of other long-term debt (1,307,301) (597,972)
Change in cash overdraft position (42,261) 2,143
Proceeds from issuance of common stock under dividend reinvestment plan 7,569 7,672
Proceeds from issuance of common stock from at-the-market sale agreement 208,576
Proceeds from exercised stock options 417 423
Repurchase of common stock (2,237) (2,232)
Dividends paid on common stock (180,713) (167,930)
Other 275 347
Net cash flows from (used in) financing activities 76,910 (30,108)
Net change in cash and cash equivalents 15,915 14,207
Cash and cash equivalents at beginning of period 9,156 4,612
Cash and cash equivalents at end of period 25,071 18,819
Non-cash investing activities:    
Property, plant and equipment additions purchased at the period end, but not yet paid for 123,154 131,189
Non-cash utility property contributions $ 9,122 $ 18,791