NorthWestern Energy Group Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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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.
Mar 31, 2024 · Filed Apr 26, 2024
NWE$84.92+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows —
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES: | ||
| Net income | $65,086 | $62,530 |
| Items not affecting cash: | ||
| Depreciation and depletion | 56,743 | 53,248 |
| Amortization of debt issuance costs, discount and deferred hedge gain | 1,186 | 1,349 |
| Stock-based compensation costs | 2,051 | 3,308 |
| Equity portion of allowance for funds used during construction | (4,288) | (3,715) |
| Gain on disposition of assets | (1) | (18) |
| Impairment of alternative energy storage investment | 4,659 | — |
| Deferred income taxes | 9,035 | (10,420) |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 25,330 | 26,208 |
| Inventories | 10,695 | 14,814 |
| Other current assets | 501 | 4,714 |
| Accounts payable | (9,391) | (44,193) |
| Accrued expenses and other | 52,132 | 58,236 |
| Regulatory assets | (31,161) | 49,391 |
| Regulatory liabilities | (14,665) | (1,378) |
| Other noncurrent assets and liabilities | (6,235) | (375) |
| Cash Provided by Operating Activities | 161,677 | 213,699 |
| INVESTING ACTIVITIES: | ||
| Property, plant, and equipment additions | (108,754) | (136,604) |
| Investment in equity securities | (242) | — |
| Cash Used in Investing Activities | (108,996) | (136,604) |
| FINANCING ACTIVITIES: | ||
| Dividends on common stock | (39,630) | (38,041) |
| Issuance of long-term debt | 215,000 | 220,000 |
| Repayments on long-term debt | (100,000) | — |
| Line of credit repayments, net | (132,000) | (253,000) |
| Other financing activities, net | (856) | (1,415) |
| Cash Used in Financing Activities | (57,486) | (72,456) |
| (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash | (4,805) | 4,639 |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period | 25,187 | 22,463 |
| Cash, Cash Equivalents, and Restricted Cash, end of period | $20,382 | $27,102 |
| Supplemental Cash Flow Information: | ||
| Cash (received) paid during the period for: | ||
| Income taxes | $(4,810) | $3,204 |
| Interest | 18,128 | 18,196 |
| Significant non-cash transactions: | ||
| Capital expenditures included in accounts payable | 21,129 | 12,209 |
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