Page 41 - SWGas Annual Report 2015

CONSOLIDATED STATEMENTS OF CASH FLOWS – Continued

Year Ended December 31, 2015 2014 2013

CASH FLOW FROM INVESTING ACTIVITIES: (488,000) (396,898) (364,276)
Construction expenditures and property additions (9,261) (190,497) —
Acquisition of businesses, net of cash acquired 785 —
Restricted cash 18,300 1,233
Changes in customer advances 8,354 20,363 7,773
Miscellaneous inflows — 11,611 8,465
Miscellaneous outflows (1,400)
(469,822) —
Net cash used in investing activities (555,588)
(348,038)
CASH FLOW FROM FINANCING ACTIVITIES:
Issuance of common stock, net 35,396 405 1,635
Dividends paid (74,248) (66,275) (59,535)
Centuri distribution to redeemable noncontrolling interest
Issuance of long-term debt, net (99) — —
Retirement of long-term debt 135,816 269,228 311,290
Change in credit facility and commercial paper (187,973) (139,155) (137,013)
Change in short-term debt 140,000 (101,000)
Principal payments on capital lease obligations —
Other 13,000 5,000 1,999
(1,420) (434) —
Net cash provided by (used in) financing activities —
41 (1,257)
Effects of currency translation on cash and cash equivalents
(79,487) 207,512 17,376
Change in cash and cash equivalents
Cash and cash equivalents at beginning of period (1,407) 142 —

Cash and cash equivalents at end of period (3,569) (1,511) 15,547
39,566 41,077 25,530
Supplemental information:
Interest paid, net of amounts capitalized $ 35,997 $ 39,566 $ 41,077

Income taxes paid $ 66,623 $ 65,552 $ 58,730
$ 43,225 $ 24,247 $ 6,850

The accompanying notes are an integral part of these statements.

Southwest Gas Corporation