Atmos Energy 2000 Annual Report Download - page 30

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26
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ATMOS ENERGY CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended September 30,
2000 1999
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35,918 $ 17,744
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization:
Charged to depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . 63,855 56,874
Charged to other accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,065 4,800
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,251 31,874
Gain on sale of non-utility assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,831) —
Changes in assets and liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (61,062) (26,594)
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,196 84,698
CASH FLOWS USED IN INVESTING ACTIVITIES
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (75,557) (110,353)
Acquisition of Missouri assets of ANG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (32,000) —
Retirements of property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . 957 757
Proceeds from sale of assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,467 —
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (100,133) (109,596)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81,743 101,904
Repayment of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (14,567) (61,000)
Cash dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35,995) (33,882)
Issuance of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,550 21,726
Net cash provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,731 28,748
Net increase (decrease) in cash and cash equivalents . . . . . . . . . . . . . . (1,206) 3,850
Cash and cash equivalents at beginning of year . . . . . . . . . . . . . . . . . . . . 8,585 4,735
Cash and cash equivalents at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,379 $ 8,585