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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Expense        
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK $ 2,952 $ 9,681 $ 147,612 $ 136,028
AVERAGE COMMON SHARES OUTSTANDING        
Basic 51,243 50,664 51,153 50,422
Diluted 51,314 50,918 51,235 50,638
EARNINGS PER AVERAGE COMMON SHARE        
Basic $ 0.06 $ 0.19 $ 2.89 $ 2.70
Diluted $ 0.06 $ 0.19 $ 2.88 $ 2.69
WGL Holdings, Inc.
       
OPERATING REVENUES        
Utility 178,466 168,379 1,149,057 1,170,536
Non-utility 311,815 291,294 1,154,319 1,073,198
Total Operating Revenues 490,281 459,673 2,303,376 2,243,734
OPERATING EXPENSES        
Utility cost of gas 60,774 60,001 555,964 576,200
Non-utility cost of energy-related sales 281,817 243,983 1,032,935 1,008,971
Operation and maintenance 80,776 79,062 245,875 230,850
Depreciation and amortization 22,833 23,634 68,124 72,032
General taxes and other assessments 28,840 25,752 123,515 100,179
Total Operating Expenses 475,040 432,432 2,026,413 1,988,232
OPERATING INCOME (LOSS) 15,241 27,241 276,963 255,502
Other Income - Net 481 280 49 1,144
Interest Expense        
Interest on long-term debt 10,022 9,913 29,919 29,816
AFUDC and other, net 210 87 631 143
Total Interest Expense 10,232 10,000 30,550 29,959
INCOME (LOSS) BEFORE INCOME TAXES 5,490 17,521 246,462 226,687
INCOME TAX EXPENSE (BENEFIT) 2,208 7,510 97,860 89,669
Net income 3,282 10,011 148,602 137,018
Dividends on Washington Gas preferred stock 330 330 990 990
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK 2,952 9,681 147,612 136,028
AVERAGE COMMON SHARES OUTSTANDING        
Basic 51,243 50,664 51,153 50,422
Diluted 51,314 50,918 51,235 50,638
EARNINGS PER AVERAGE COMMON SHARE        
Basic $ 0.06 $ 0.19 $ 2.89 $ 2.70
Diluted $ 0.06 $ 0.19 $ 2.88 $ 2.69
DIVIDENDS DECLARED PER COMMON SHARE $ 0.3875 $ 0.3775 $ 1.1525 $ 1.1225
Washington Gas Light Company
       
OPERATING REVENUES        
Utility 181,497 172,544 1,169,597 1,190,703
Non-utility 0 0 0 2
Total Operating Revenues 181,497 172,544 1,169,597 1,190,705
OPERATING EXPENSES        
Utility cost of gas 63,805 64,166 576,504 596,367
Operation and maintenance 66,110 67,874 203,087 198,869
Depreciation and amortization 22,290 23,130 66,533 70,610
General taxes and other assessments 26,348 24,126 115,976 95,190
Total Operating Expenses 178,553 179,296 962,100 961,036
OPERATING INCOME (LOSS) 2,944 (6,752) 207,497 229,669
Other Income - Net 600 188 899 948
Interest Expense        
Interest on long-term debt 9,997 9,913 29,894 29,816
AFUDC and other, net 209 71 554 5
Total Interest Expense 10,206 9,984 30,448 29,821
INCOME (LOSS) BEFORE INCOME TAXES (6,662) (16,548) 177,948 200,796
INCOME TAX EXPENSE (BENEFIT) (2,825) (6,191) 70,005 79,197
Net income (3,837) (10,357) 107,943 121,599
Dividends on Washington Gas preferred stock 330 330 990 990
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK $ (4,167) $ (10,687) $ 106,953 $ 120,609