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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:            
Gas operating revenues $ 262,434 $ 258,711 $ 765,261 $ 779,388 $ 1,354,812 $ 1,367,124
Utility infrastructure services revenues 259,066 253,408 763,859 805,588 1,343,565 1,371,305
Total operating revenues 757,247 713,011 1,593,567 1,546,550 3,166,934 3,001,350
Operating expenses:            
Net cost of gas sold 67,473 65,182 228,294 257,786 355,672 407,976
Operations and maintenance 99,419 105,293 203,200 211,538 415,812 410,145
Depreciation and amortization 77,217 70,342 164,870 147,881 320,226 273,308
Taxes other than income taxes 15,342 15,126 31,720 31,332 62,716 61,307
Utility infrastructure services expenses 430,224 402,199 749,538 702,664 1,620,101 1,478,730
Total operating expenses 689,675 658,142 1,377,622 1,351,201 2,774,527 2,631,466
Operating income 67,572 54,869 215,945 195,349 392,407 369,884
Other income and (expenses):            
Net interest deductions (26,450) (26,831) (54,830) (53,228) (110,828) (103,616)
Other income (deductions) 7,925 1,146 (12,845) 7,985 (10,745) (2,401)
Total other income and (expenses) (18,525) (25,685) (67,675) (45,243) (121,573) (106,017)
Income before income taxes 49,047 29,184 148,270 150,106 270,834 263,867
Income tax expense (benefit) 9,166 6,352 35,384 31,890 59,517 63,844
Net income 39,881 22,832 112,886 118,216 211,317 200,023
Net income attributable to noncontrolling interests 1,916 776 2,379 1,351 3,739 1,523
Net income attributable to Southwest Gas Holdings, Inc. $ 37,965 $ 22,056 $ 110,507 $ 116,865 $ 207,578 $ 198,500
Earnings per share:            
Basic (in USD per share) $ 0.68 $ 0.41 $ 2.00 $ 2.18 $ 3.77 $ 3.82
Diluted (in USD per share) $ 0.68 $ 0.41 $ 1.99 $ 2.18 $ 3.76 $ 3.82
Weighted average shares:            
Basic (in shares) 55,462 53,935 55,386 53,654 55,105 51,914
Diluted (in shares) 55,532 54,003 55,448 53,716 55,171 51,977
Southwest Gas Corporation            
Operating revenues:            
Gas operating revenues $ 262,434 $ 258,711 $ 765,261 $ 779,388 $ 1,354,812 $ 1,367,124
Operating expenses:            
Net cost of gas sold 67,473 65,182 228,294 257,786 355,672 407,976
Operations and maintenance 99,320 104,991 202,408 210,533 414,049 407,948
Depreciation and amortization 53,198 49,343 117,923 106,955 226,588 201,146
Taxes other than income taxes 15,342 15,126 31,720 31,332 62,716 61,307
Total operating expenses 235,333 234,642 580,345 606,606 1,059,025 1,078,377
Operating income 27,101 24,069 184,916 172,782 295,787 288,747
Other income and (expenses):            
Net interest deductions (23,991) (23,345) (49,049) (46,444) (97,631) (88,780)
Other income (deductions) 7,838 1,592 (12,698) 7,538 (10,719) (3,005)
Total other income and (expenses) (16,153) (21,753) (61,747) (38,906) (108,350) (91,785)
Income before income taxes 10,948 2,316 123,169 133,876 187,437 196,962
Income tax expense (benefit) (994) (1,053) 27,628 27,118 35,483 44,333
Net income 11,942 3,369 95,541 106,758 151,954 152,629
Net income attributable to Southwest Gas Holdings, Inc. 11,942 3,369     151,954 152,629
Centuri            
Operating revenues:            
Utility infrastructure services revenues $ 494,813 $ 454,300 $ 828,306 $ 767,162 $ 1,812,122 $ 1,634,226