v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net margin and earnings attributable to Basin Electric $ 75,367 $ 47,702
Adjustments to reconcile net margin and earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 79,392 75,033
Deferred income taxes 32 1,096
Changes in regulatory assets and liabilities (809) 4,055
Unrealized loss on investments 4,653 2,898
Patronage capital allocated (4,894) (2,934)
Net margin and earnings attributable to noncontrolling interest 6,200 6,316
Recognition of initial payment for tax credits (5,518) (2,616)
Changes in other operating elements:    
Receivables (29,412) (27,126)
Inventories (21,540) (21,016)
Prepayments and other current assets 2,088 676
Accounts payable (22,900) 11,801
Other current liabilities 102,988 87,728
Changes in collateral (26,640) 3,838
Other operating activities, net 4,692 27,041
Net cash provided by operating activities 163,699 214,492
Investing activities:    
Capital expenditures (227,798) (106,172)
Proceeds from sales of property 1,502 316
Purchase of investments (2,071) (29,655)
Sale of investments 5,541 32,065
Changes in other investments, net (1,999) (1,026)
Net cash used in investing activities (224,825) (104,472)
Financing activities:    
Principal payments of long-term debt (13,208) (13,161)
Payment of debt issuance costs (250) 0
Changes in notes payable – Members, net 18,492 32,009
Dividends paid to noncontrolling interest (5,849) (6,097)
Other (141) (189)
Net cash (used in) provided by financing activities (956) 12,562
Net (decrease) increase in cash and cash equivalents and restricted and designated cash and cash equivalents (62,082) 122,582
Cash and cash equivalents and restricted and designated cash and cash equivalents, beginning of period 987,493 693,910
Cash and cash equivalents and restricted and designated cash and cash equivalents, end of period 925,411 816,492
Supplemental cash flow information:    
Cash paid for interest 36,984 35,292
Cash paid for income taxes 83 51
Supplemental disclosure of noncash investing and financing activities:    
Accrued acquisition of property, plant and equipment 66,926 63,252
Operating lease right-of-use assets $ 9,986 $ 22,306