XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:            
Gas operating revenues $ 209,980 $ 217,523 $ 989,368 $ 987,515 $ 1,359,581 $ 1,354,000
Utility infrastructure services revenues 515,250 450,623 1,282,412 1,105,844 1,698,853 1,479,792
Total operating revenues 725,230 668,146 2,271,780 2,093,359 3,058,434 2,833,792
Operating expenses:            
Net cost of gas sold 35,068 49,903 292,854 319,101 393,141 412,307
Operations and maintenance 109,652 105,508 321,190 313,294 414,289 406,137
Depreciation and amortization 75,370 62,156 223,251 185,941 286,522 247,803
Taxes other than income taxes 15,308 15,036 46,640 44,959 61,579 59,580
Utility infrastructure services expenses 451,574 395,862 1,154,238 1,007,485 1,534,442 1,349,862
Total operating expenses 686,972 628,465 2,038,173 1,870,780 2,689,973 2,475,689
Operating income (loss) 38,258 39,681 233,607 222,579 368,461 358,103
Other income and (expenses):            
Net interest deductions (27,434) (24,548) (80,662) (70,831) (106,502) (92,032)
Other income (deductions) (1,158) 889 6,827 (6,151) (4,448) (6,401)
Total other income and (expenses) (28,592) (23,659) (73,835) (76,982) (110,950) (98,433)
Income (loss) before income taxes 9,666 16,022 159,772 145,597 257,511 259,670
Income tax expense (benefit) 3,141 3,691 35,031 33,421 63,294 51,098
Net income 6,525 12,331 124,741 112,176 194,217 208,572
Net income (loss) attributable to noncontrolling interests 1,172 0 2,523 (797) 2,695 (866)
Net income attributable to Southwest Gas Holdings, Inc. $ 5,353 $ 12,331 $ 122,218 $ 112,973 $ 191,522 $ 209,438
Basic earnings per share (in USD per share) $ 0.10 $ 0.25 $ 2.26 $ 2.31 $ 3.60 $ 4.30
Diluted earnings per share (in USD per share) $ 0.10 $ 0.25 $ 2.26 $ 2.31 $ 3.59 $ 4.29
Average number of common shares (in shares) 54,670 49,493 53,996 48,916 53,219 48,728
Average shares (assuming dilution) (in shares) 54,748 49,553 54,063 48,968 53,287 48,781
Southwest Gas Corporation            
Operating revenues:            
Gas operating revenues $ 209,980 $ 217,523 $ 989,368 $ 987,515 $ 1,359,581 $ 1,354,000
Operating expenses:            
Net cost of gas sold 35,068 49,903 292,854 319,101 393,141 412,307
Operations and maintenance 109,039 104,657 319,572 312,055 412,330 404,549
Depreciation and amortization 52,372 47,924 159,327 145,549 205,594 193,828
Taxes other than income taxes 15,308 15,036 46,640 44,959 61,579 59,580
Total operating expenses 211,787 217,520 818,393 821,664 1,072,644 1,070,264
Operating income (loss) (1,807) 3 170,975 165,851 286,937 283,736
Other income and (expenses):            
Net interest deductions (23,619) (20,399) (70,063) (59,803) (92,000) (77,914)
Other income (deductions) (1,353) 836 6,185 (5,861) (5,194) (6,425)
Total other income and (expenses) (24,972) (19,563) (63,878) (65,664) (97,194) (84,339)
Income (loss) before income taxes (26,779) (19,560) 107,097 100,187 189,743 199,397
Income tax expense (benefit) (6,767) (5,890) 20,351 20,886 43,456 45,714
Net income (20,012) (13,670) 86,746 79,301 146,287 153,683
Net income attributable to Southwest Gas Holdings, Inc. $ (20,012) $ (13,670) $ 86,746 $ 79,301 $ 146,287 $ 153,683