Inventories

9 Months Ended

Jun. 30, 2019

Note 5 — Inventories

Inventories comprise the following:



	June 30, 2019		September 30, 2018		June 30, 2018
Gas Utility natural gas	$	15,465	$	37,287	$	18,608
Materials, supplies and other	16,798		15,126		16,055
Total inventories	$	32,263	$	52,413	$	34,663

At June 30, 2019, UGI Utilities was party to four principal SCAAs with terms of up to three years. All four of the SCAAs were with Energy Services (see Note 14). Pursuant to the SCAAs, UGI Utilities has, among other things, released certain natural gas storage and transportation contracts for the terms of the SCAAs. UGI Utilities also transferred certain associated natural gas storage

inventories upon commencement of the SCAAs, will receive a transfer of storage inventories at the end of the SCAAs, and makes payments associated with refilling storage inventories during the terms of the SCAAs. The historical cost of natural gas storage inventories released under the SCAAs, which represents a portion of Gas Utility’s total natural gas storage inventories, and any exchange receivable (representing amounts of natural gas inventories used by the other parties to the agreement but not yet replenished for which UGI Utilities has the rights), are included in the caption “Gas Utility natural gas” in the table above.

The carrying values of gas storage inventories released under the SCAAs at June 30, 2019, September 30, 2018 and June 30, 2018, comprising 3.3 bcf, 9.0 bcf and 4.7 bcf of natural gas, were $8,234, $23,136 and $11,944, respectively. At June 30, 2019, September 30, 2018 and June 30, 2018, UGI Utilities held a total of $7,640, $13,840 and $13,840, respectively, of security deposits received from its SCAA counterparties. These amounts are included in “Other current liabilities” on the Condensed Consolidated Balance Sheets.

For additional information related to the SCAAs with Energy Services, see Note 14.