NorthWestern Energy Group Inc
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES: | ||
| Net income | $143,559 | $110,989 |
| Items not affecting cash: | ||
| Depreciation and depletion | 170,630 | 157,787 |
| Amortization of debt issuance costs, discount and deferred hedge gain | 3,490 | 3,997 |
| Stock-based compensation costs | 5,291 | 5,119 |
| Equity portion of allowance for funds used during construction | (15,371) | (12,530) |
| Gain on disposition of assets | (14) | (27) |
| Impairment of alternative energy storage investment | 4,159 | — |
| Deferred income taxes | 7,128 | (13,281) |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 68,071 | 96,910 |
| Inventories | (7,030) | (11,721) |
| Other current assets | (15,043) | 389 |
| Accounts payable | (14,235) | (60,815) |
| Accrued expenses and other | 39,928 | 65,058 |
| Regulatory assets | (4,708) | 94,069 |
| Regulatory liabilities | (31,102) | 10,588 |
| Other noncurrent assets and liabilities | (10,849) | (19,610) |
| Cash Provided by Operating Activities | 343,904 | 426,922 |
| INVESTING ACTIVITIES: | ||
| Property, plant, and equipment additions | (400,511) | (407,170) |
| Investment in equity securities | (4,599) | (3,804) |
| Cash Used in Investing Activities | (405,110) | (410,974) |
| FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock, net | — | 73,613 |
| Dividends on common stock | (118,925) | (115,048) |
| Issuance of long-term debt | 215,000 | 300,000 |
| Issuances of short-term borrowings | 100,000 | — |
| Repayments on long-term debt | (100,000) | — |
| Line of credit repayments, net | (32,000) | (273,000) |
| Other financing activities, net | (164) | (2,336) |
| Cash Provided by (Used in) Financing Activities | 63,911 | (16,771) |
| Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | 2,705 | (823) |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period | 25,187 | 22,463 |
| Cash, Cash Equivalents, and Restricted Cash, end of period | $27,892 | $21,640 |
| Supplemental Cash Flow Information: | ||
| Cash (received) paid during the period for: | ||
| Income taxes | $(4,469) | $3,204 |
| Interest | 92,562 | 64,533 |
| Significant non-cash transactions: | ||
| Capital expenditures included in accounts payable | 25,966 | 43,389 |
| Refinancing of Pollution Control Revenue Refunding Bonds | — | 144,660 |
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