Otter Tail Corp
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating Activities | ||
| Net Income | $124,464 | $224,119 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ||
| Depreciation and Amortization | 91,398 | 88,376 |
| Deferred Tax Credits | (227) | (477) |
| Deferred Income Taxes | (14,588) | 14,527 |
| Investment Gains | (3,893) | (5,519) |
| Stock Compensation Expense | 9,735 | 8,106 |
| Legal Settlement Expenses | 103,500 | — |
| Other, Net | (8,605) | (3,636) |
| Changes in Operating Assets and Liabilities: | ||
| Receivables | (27,070) | (20,730) |
| Inventories | (17,986) | (2,837) |
| Regulatory Assets | (8,833) | (1,429) |
| Other Assets | (5,492) | 4,985 |
| Accounts Payable | 29,580 | (8,702) |
| Accrued and Other Liabilities | 2,134 | (3,530) |
| Regulatory Liabilities | 35,773 | (363) |
| Pension and Other Postretirement Benefits | (1,995) | (3,941) |
| Net Cash Provided by Operating Activities | 307,895 | 288,949 |
| Investing Activities | ||
| Capital Expenditures | (451,586) | (213,329) |
| Proceeds from Disposal of Investments and Other Assets | 61,627 | 4,957 |
| Purchases of Investments and Other Assets | (56,236) | (7,642) |
| Net Cash Used in Investing Activities | (446,195) | (216,014) |
| Financing Activities | ||
| Net Repayments of Short-Term Debt | (31,515) | (69,615) |
| Proceeds from Issuance of Long-Term Debt | 170,000 | 100,000 |
| Dividends Paid | (72,797) | (66,044) |
| Payments for Shares Withheld for Employee Tax Obligations | (3,974) | (3,134) |
| Other, net | (278) | (3,007) |
| Net Cash Provided by (Used in) Financing Activities | 61,436 | (41,800) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (76,864) | 31,135 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 386,193 | 294,651 |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $309,329 | $325,786 |
| Supplemental Disclosure of Noncash Investing Activities | ||
| Accrued Property, Plant and Equipment Additions | $29,264 | $13,009 |
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