XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment    
Regulated Energy $ 2,470,135 $ 2,418,494
Unregulated Energy 416,833 410,807
Other businesses and eliminations 31,606 30,310
Total property, plant and equipment 2,918,574 2,859,611
Less: Accumulated depreciation and amortization (530,832) (516,429)
Property, Plant and Equipment, Net 2,511,080 2,456,374
Current Assets    
Cash and cash equivalents 1,695 4,904
Trade and other receivables 68,300 71,786
Accounts Receivable, Allowance for Credit Loss, Current (2,450) (2,699)
Accounts Receivable, before Allowance for Credit Loss, Current 70,750 74,485
Accrued revenue 28,308 32,597
Propane inventory, at average cost 8,367 9,313
Other inventory, at average cost 19,638 19,912
Regulatory assets 24,289 19,506
Storage gas prepayments 1,147 4,695
Income taxes receivable 0 3,829
Prepaid expenses 13,681 15,407
Derivative assets, at fair value 1,012 1,027
Other current assets 3,228 2,723
Total current assets 169,665 185,699
Deferred Charges and Other Assets    
Goodwill 507,573 508,174
Other intangible assets, net 16,414 16,865
Investments, at fair value 13,221 12,282
Operating Lease, Right-of-Use Asset 11,719 12,426
Regulatory assets 86,039 96,396
Receivables and other deferred charges 16,047 16,448
Total deferred charges and other assets 651,139 662,631
Total Assets 3,331,884 3,304,704
Stockholders’ equity    
Preferred stock, par value $0.01 per share (authorized 2,000 shares), no shares issued and outstanding 0 0
Common stock, par value $0.4867 per share (authorized 50,000 shares) 10,838 10,823
Additional paid-in capital 750,162 749,356
Retained earnings 521,689 488,663
Accumulated other comprehensive income (loss) (1,786) (2,738)
Deferred compensation obligation 9,562 9,050
Treasury stock (9,562) (9,050)
Total stockholders’ equity 1,280,903 [1] 1,246,104
Total capitalization 2,466,069 2,433,179
Current Liabilities    
Less: current maturities 18,511 18,505
Short-term borrowing 170,355 179,853
Accounts payable 63,058 77,481
Customer deposits and refunds 43,682 46,427
Accrued interest 17,148 7,020
Dividends payable 13,138 13,119
Accrued compensation 7,066 16,544
Regulatory liabilities 21,328 13,719
Derivative liabilities, at fair value 31 354
Other accrued liabilities 16,520 13,362
Total current liabilities 371,655 386,384
Deferred Credits and Other Liabilities    
Deferred income taxes 271,335 259,082
Regulatory liabilities 193,030 195,279
Environmental liabilities 2,546 2,607
Other pension and benefit costs 16,010 15,330
Operating Lease, Liability, Noncurrent 9,832 10,550
Deferred investment tax credits and other liabilities 1,364 1,366
Total deferred credits and other liabilities 494,160 485,141
Environmental and other commitments and contingencies (Notes 5 and 6)
Total Capitalization and Liabilities 3,331,884 3,304,704
Other businesses and eliminations 31,606 30,310
Property, Plant and Equipment, Gross 2,918,574 2,859,611
Construction Work in Progress 123,338 113,192
Property, Plant and Equipment, Net 2,511,080 2,456,374
Trade and other receivables 68,300 71,786
Income taxes receivable 0 3,829
Other current assets 3,228 2,723
Assets, Current 169,665 185,699
Receivables and other deferred charges 16,047 16,448
Deferred Charges And Other Assets 651,139 662,631
Total identifiable assets 3,331,884 3,304,704
Regulated Energy 2,470,135 2,418,494
Unregulated Energy 416,833 410,807
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 530,832 516,429
Cash and cash equivalents 1,695 4,904
Accounts Receivable, before Allowance for Credit Loss, Current 70,750 74,485
Allowance for uncollectible accounts 2,450 2,699
Accrued revenue 28,308 32,597
Propane inventory, at average cost 8,367 9,313
Other inventory, at average cost 19,638 19,912
Regulatory assets 24,289 19,506
Storage gas prepayments 1,147 4,695
Prepaid expenses 13,681 15,407
Derivative assets, at fair value 1,012 1,027
Goodwill 507,573 508,174
Other intangible assets, net 16,414 16,865
Investments, at fair value 13,221 12,282
Operating Lease, Right-of-Use Asset 11,719 12,426
Regulatory assets 86,039 96,396
Preferred stock, par value $0.01 per share (authorized 2,000 shares), no shares issued and outstanding 0 0
Stockholders' Equity Attributable to Parent 1,280,903 [1] 1,246,104
Capitalization, Long-term Debt and Equity 2,466,069 2,433,179
Accounts payable 63,058 77,481
Other accrued liabilities 16,520 13,362
Liabilities, Current 371,655 386,384
Regulatory liabilities 193,030 195,279
Operating Lease, Liability, Noncurrent 9,832 10,550
Deferred investment tax credits and other liabilities 1,364 1,366
Deferred Credits and Other Liabilities 494,160 485,141
Environmental and other commitments and contingencies (Notes 5 and 6)
Liabilities and Equity 3,331,884 3,304,704
Common stock, par value $0.4867 per share (authorized 50,000 shares) 10,838 10,823
Additional paid-in capital 750,162 749,356
Retained earnings 521,689 488,663
Accumulated other comprehensive income (loss) (1,786) (2,738)
Deferred compensation obligation 9,562 9,050
Treasury Stock, Value 9,562 9,050
Long-term Debt and Capital Lease Obligations, Net of Current Maturities 1,185,166 1,187,075
Less: current maturities 18,511 18,505
Short-term borrowing 170,355 179,853
Customer deposits and refunds 43,682 46,427
Accrued interest 17,148 7,020
Dividends payable 13,138 13,119
Accrued compensation 7,066 16,544
Regulatory liabilities 21,328 13,719
Taxes Payable, Current 818 0
Energy Marketing Contract Liabilities, Current 31 354
Deferred income taxes 271,335 259,082
Environmental liabilities 2,546 2,607
Other pension and benefit costs 16,010 15,330
Energy Marketing Contracts Assets, Noncurrent 126 40
Energy Marketing Contract Liabilities, Noncurrent 43 $ 927
Accrued compensation $ (9,480)  
[1] 2.0 million 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 Condensed Consolidated Statements of Stockholders’ Equity.