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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Property, Plant and Equipment    
Regulated Energy $ 1,499,389 $ 1,441,473
Unregulated Energy 277,209 265,209
Other businesses and eliminations 39,798 39,850
Total property, plant and equipment 1,816,396 1,746,532
Less: Accumulated depreciation and amortization (357,303) (336,876)
Plus: Construction work in progress 66,267 54,141
Net property, plant and equipment 1,525,360 1,463,797
Current Assets    
Cash and cash equivalents 3,590 6,985
Trade and other receivables 46,695 49,562
Accounts Receivable, Allowance for Credit Loss, Current (2,104) (1,337)
Accounts Receivable, before Allowance for Credit Loss, Current 48,799 50,899
Accrued revenue 12,076 20,846
Propane inventory, at average cost 3,951 5,824
Other inventory, at average cost 5,397 6,067
Regulatory assets 3,625 5,144
Storage gas prepayments 1,943 3,541
Income taxes receivable 9,827 20,050
Prepaid expenses 9,167 13,928
Derivative assets, at fair value 1,270 0
Other current assets 1,017 2,879
Total current assets 98,558 134,826
Deferred Charges and Other Assets    
Goodwill 32,684 32,668
Other intangible assets, net 7,520 8,129
Investments, at fair value 9,571 9,229
Operating Lease, Right-of-Use Asset 11,546 11,563
Regulatory assets 74,814 73,407
Receivables and other deferred charges 62,122 49,579
Total deferred charges and other assets 198,257 184,575
Total Assets 1,822,175 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) 8,013 7,984
Additional paid-in capital 263,272 259,253
Retained earnings 326,454 300,607
Accumulated other comprehensive loss (4,462) (6,267)
Deferred compensation obligation 5,659 4,543
Treasury stock (5,659) (4,543)
Total stockholders’ equity [1] 593,277 561,577
Long-term debt, net of current maturities 430,106 440,168
Total capitalization 1,023,383 1,001,745
Current Liabilities    
Less: current maturities 15,600 45,600
Short-term borrowing 286,405 247,371
Accounts payable 46,382 54,069
Customer deposits and refunds 30,707 30,939
Accrued interest 2,169 2,554
Dividends payable 7,244 6,644
Accrued compensation 9,260 16,236
Regulatory liabilities 10,328 5,991
Derivative liabilities, at fair value 802 1,844
Other accrued liabilities 20,926 12,076
Total current liabilities 429,823 423,324
Deferred Credits and Other Liabilities    
Deferred income taxes 193,595 180,656
Regulatory liabilities 130,180 127,744
Environmental liabilities 4,520 6,468
Other pension and benefit costs 28,185 30,569
Operating Lease, Liability, Noncurrent 10,055 9,896
Deferred investment tax credits and other liabilities 2,434 2,796
Total deferred credits and other liabilities 368,969 358,129
Environmental and other commitments and contingencies (Notes 5 and 6)
Total Capitalization and Liabilities $ 1,822,175 $ 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.