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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Property, Plant and Equipment    
Regulated Energy $ 1,447,089 $ 1,441,473
Unregulated Energy 274,970 265,209
Other businesses and eliminations 39,370 39,850
Total property, plant and equipment 1,761,429 1,746,532
Less: Accumulated depreciation and amortization (345,206) (336,876)
Construction In Progress 75,510 54,141
Net property, plant and equipment 1,491,733 1,463,797
Current Assets    
Cash and cash equivalents 3,982 6,985
Trade and other receivables 46,730 50,899
Less: Allowance for credit losses (1,421) (1,337)
Trade and other receivables 45,309 49,562
Accrued revenue 16,931 20,846
Propane inventory, at average cost 5,136 5,824
Other inventory, at average cost 5,621 6,067
Regulatory assets 4,441 5,144
Storage gas prepayments 753 3,541
Income taxes receivable 15,230 20,050
Prepaid expenses 10,707 13,928
Derivative assets, at fair value 151 0
Other current assets 3,666 2,879
Total current assets 111,927 134,826
Deferred Charges and Other Assets    
Goodwill 32,668 32,668
Other intangible assets, net 7,824 8,129
Investments, at fair value 7,217 9,229
Operating lease right-of-use assets 11,696 11,563
Regulatory assets 73,552 73,407
Receivables and other deferred charges 51,602 49,579
Total deferred charges and other assets 184,559 184,575
Total Assets 1,788,219 1,783,198
Stockholders’ equity    
Preferred stock, par value $0.01 per share (authorized 2,000,000 shares), no shares issued and outstanding 0 0
Common stock, par value $0.4867 per share (authorized 50,000,000 shares) 7,998 7,984
Additional paid-in capital 259,521 259,253
Retained earnings 322,804 300,607
Accumulated other comprehensive loss (6,194) (6,267)
Deferred compensation obligation 5,468 4,543
Treasury stock (5,468) (4,543)
Total stockholders’ equity [1] 584,129 561,577
Long-term debt, net of current maturities 440,183 440,168
Total capitalization 1,024,312 1,001,745
Current Liabilities    
Current portion of long-term debt 15,600 45,600
Short-term borrowing 254,339 247,371
Accounts payable 52,568 54,068
Customer deposits and refunds 29,122 30,939
Accrued interest 5,014 2,554
Dividends payable 6,655 6,644
Accrued compensation 7,518 16,236
Regulatory liabilities 13,524 5,991
Derivative liabilities, at fair value 1,986 1,844
Other accrued liabilities 16,170 12,077
Total current liabilities 402,496 423,324
Deferred Credits and Other Liabilities    
Deferred income taxes 186,431 180,656
Regulatory liabilities 128,027 127,744
Environmental liabilities 6,046 6,468
Other pension and benefit costs 28,043 30,569
Operating lease liabilities 10,165 9,896
Deferred investment tax credits and other liabilities 2,699 2,796
Total deferred credits and other liabilities 361,411 358,129
Environmental and other commitments and contingencies (Notes 6 and 7)
Total Capitalization and Liabilities $ 1,788,219 $ 1,783,198
[1]
2,000,000 shares of preferred stock at $0.01 par value have been authorized. No shares have been issued or are outstanding; accordingly, no information has been included in the statements of stockholders’ equity.