Segment Information

12 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We have determined that we have two reportable segments: (1) Gas Utility and (2) Electric Utility. Gas Utility revenues are derived principally from the sale and distribution of natural gas to customers in eastern and central Pennsylvania. Electric Utility derives its revenues principally from the sale and distribution of electricity in two northeastern Pennsylvania counties.

The accounting policies of our reportable segments are the same as those described in Note 2. We evaluate the performance of our Gas Utility and Electric Utility segments principally based upon their income before income taxes.

No single customer represents more than ten percent of our consolidated revenues and there are no significant intersegment transactions. In addition, all of our reportable segments’ revenues are derived from sources within the United States, and all of our reportable segments’ long-lived assets are located in the United States.

Financial information by business segment follows:

	Total		Gas Utility		Electric Utility		Other
2017
Revenues	$	887,588	$	799,054	$	88,534
Cost of sales	$	367,279	$	318,210	$	49,069
Depreciation and amortization	$	72,332	$	67,357	$	4,975
Operating income	$	228,307	$	219,561	$	8,746
Interest expense	$	40,212	$	38,218	$	1,994
Income before income taxes	$	188,095	$	181,343	$	6,752
Total assets	$	2,994,015	$	2,833,423	$	160,592
Goodwill	$	182,145	$	182,145	$	—
Capital expenditures (including the effects of accruals)	$	317,722	$	306,243	$	11,479
2016
Revenues	$	768,484	$	677,387	$	91,097
Cost of sales	$	289,786	$	239,163	$	50,623
Depreciation and amortization	$	67,303	$	62,451	$	4,852
Operating income	$	200,901	$	189,412	$	11,489
Interest expense	$	37,630	$	35,786	$	1,844
Income before income taxes	$	163,271	$	153,626	$	9,645
Total assets	$	2,743,091	$	2,570,297	$	172,794
Goodwill	$	182,145	$	182,145	$	—
Capital expenditures (including the effects of accruals)	$	262,503	$	251,261	$	11,242
2015
Revenues	$	1,041,581	$	933,080	$	107,577	$	924
Cost of sales	$	510,784	$	448,617	$	62,167	$	—
Depreciation and amortization	$	63,590	$	58,974	$	4,616	$	—
Operating income	$	241,667	$	226,485	$	14,153	$	1,029
Interest expense	$	41,128	$	39,112	$	2,016	$	—
Income before income taxes	$	200,539	$	187,373	$	12,137	$	1,029
Total assets	$	2,505,984	$	2,360,156	$	145,828	$	—
Goodwill	$	182,145	$	182,145	$	—	$	—
Capital expenditures (including the effects of accruals)	$	197,684	$	189,671	$	8,013	$	—