Otter Tail Corp
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
OTTR$79.77-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating Activities | ||
| Net Income | $65,003 | $145,827 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ||
| Depreciation and Amortization | 60,789 | 58,822 |
| Deferred Tax Credits | (166) | (285) |
| Deferred Income Taxes | (18,519) | 6,149 |
| Investment Losses | (2,878) | (2,741) |
| Stock Compensation Expense | 8,526 | 7,396 |
| Legal Settlement Expenses | 103,500 | — |
| Other, Net | (4,810) | (1,745) |
| Changes in Operating Assets and Liabilities: | ||
| Receivables | (53,538) | (34,859) |
| Inventories | (10,590) | (131) |
| Regulatory Assets | (4,837) | (643) |
| Other Assets | (2,771) | 4,756 |
| Accounts Payable | 32,200 | (6,477) |
| Accrued and Other Liabilities | (8,402) | (13,447) |
| Regulatory Liabilities | 20,749 | 198 |
| Pension and Other Postretirement Benefits | (1,545) | (3,441) |
| Net Cash Provided by Operating Activities | 182,711 | 159,379 |
| Investing Activities | ||
| Capital Expenditures | (324,755) | (124,239) |
| Proceeds from Disposal of Noncurrent Assets | 5,165 | 2,792 |
| Purchases of Investments and Other Assets | (7,015) | (5,579) |
| Net Cash Used in Investing Activities | (326,605) | (127,026) |
| Financing Activities | ||
| Net Repayments of Short-Term Debt | (6,395) | (69,615) |
| Proceeds from Issuance of Long-Term Debt | 170,000 | 100,000 |
| Dividends Paid | (48,524) | (44,023) |
| Payments for Shares Withheld for Employee Tax Obligations | (3,974) | (3,134) |
| Other, net | (1,523) | (2,991) |
| Net Cash Provided by (Used in) Financing Activities | 109,584 | (19,763) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (34,310) | 12,590 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 386,193 | 294,651 |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $351,883 | $307,241 |
| Supplemental Disclosure of Noncash Investing Activities | ||
| Accrued Property, Plant and Equipment Additions | $31,838 | $13,576 |
See accompanying condensed notes to consolidated financial statements,
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.