PENNICHUCK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Cash Flows - Continued
For the Years Ended December 31, 2020 and 2019
(in thousands)
2020 2019
Cash Flows From Financing Activities:
Borrowings (payments) on lines of credit, net S (3,803) $ 2,657
Payments on long-term debt (65,649) (6,034)
Contributions in aid of construction 35 48
Proceeds from long-term borrowings 87,290 18,692
Debt issuance costs (11,922) (327)
Dividends paid (279) 280
Net cash provided by financing activities 5,672 14,756
Increase (Decrease) in cash, cash equivalents, and restricted cash (842) 1,934
Cash, cash equivalents, and restricted cash at beginning of period 10,274 8,340
Cash, cash equivalents, and restricted cash at end of period S 9,432 $ 10,274
Supplemental Disclosure of Cash Flow and Non-cash items
For the Years Ended December 31, 2020 and 2019 (in thousands)
2020 2019
Cash paid during the period for:
Interest S 11,207 S 10,963
Income taxes 96 157
Non-cash items:
Contributions in aid of construction 3,391 4,061
Forgiveness of debt 89 89
The accompanying notes are an integral part of these consolidated financial statements.
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