Page 40 - SWGas Annual Report 2015

SOUTHWEST GAS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Thousands of dollars)

Year Ended December 31, 2015 2014 2013

CASH FLOW FROM OPERATING ACTIVITIES: $139,430 $141,148 $ 144,873
Net Income
Adjustments to reconcile net income to netcash provided by operating 270,111 253,027 236,817
activities: 48,785 64,309 68,639
Depreciation and amortization
Deferred income taxes (39,850) (3,683) (22,556)
Changes in current assets and liabilities: (800) (1,200) (700)
Accounts receivable, net of allowances (69,339)
Accrued utility revenue 129,566 (41,499) (111,143)
Deferred purchased gas costs (3,491) (13,573) 27,668
Accounts payable (8,405) 23,379 925
Accrued taxes 18,300 (6,171) 5,084
Other current assets and liabilities (3,102) 7,973 (4,112)
Gains on sale 2,914 (1,995) 6,958
Changes in undistributed stock compensation (3,008) (21,732) (2,274)
AFUDC 15,779 (21,719)
Changes in other assets and deferred charges (14,166) 17,749
Changes in other liabilities and deferred credits 10,863 346,423
346,209
Net cash provided by operating activities 547,147

Southwest Gas Corporation