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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Sep. 30, 2018
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,440,125 $ 2,368,914
Construction work in progress 243,462 192,481
Nonutility plant and equipment, at cost 756,473 697,406
Construction work in progress 43,629 45,690
Total property, plant and equipment 3,483,689 3,304,491
Accumulated depreciation and amortization, utility plant (555,541) (530,753)
Accumulated depreciation and amortization, nonutility plant and equipment (138,822) (122,689)
Property, plant and equipment, net 2,789,326 2,651,049
CURRENT ASSETS    
Cash and cash equivalents 83,160 1,458
Customer accounts receivable    
Billed 273,924 205,490
Unbilled revenues 42,850 7,199
Allowance for doubtful accounts (6,216) (5,704)
Regulatory assets 17,906 18,297
Gas in storage, at average cost 58,436 184,633
Materials and supplies, at average cost 14,297 13,910
Prepaid and accrued taxes 971 23,047
Derivatives, at fair value 22,712 27,396
Restricted broker margin accounts 60,534 53,719
Assets held for sale 0 206,905
Other 36,611 33,730
Total current assets 605,185 770,080
NONCURRENT ASSETS    
Investments in equity method investees 195,203 190,866
Regulatory assets 376,420 368,592
Derivatives, at fair value 13,277 10,560
Investments in equity securities 0 32,917
Intangible assets, net 15,798 23,375
Other noncurrent assets 94,764 96,225
Total noncurrent assets 695,462 722,535
Total assets 4,089,973 4,143,664
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding March 31, 2019 — 89,163,881; September 30, 2018 — 88,292,956 226,613 226,196
Premium on common stock 283,429 274,748
Accumulated other comprehensive loss, net of tax (15,517) (12,610)
Treasury stock at cost and other; shares March 31, 2019 — 1,480,919; September 30, 2018 — 2,185,013 (46,062) (76,473)
Retained earnings 1,120,699 1,007,117
Common stock equity 1,569,162 1,418,978
Long-term debt 1,179,716 1,180,619
Total capitalization 2,748,878 2,599,597
CURRENT LIABILITIES    
Current maturities of long-term debt 124,629 123,545
Short-term debt 45,900 151,950
Gas purchases payable 189,755 211,303
Gas purchases payable to related parties 1,154 1,150
Accounts payable and other 91,754 135,240
Dividends payable 25,981 25,824
Accrued taxes 28,956 1,568
Regulatory liabilities 3,717 8,185
New Jersey Clean Energy Program 5,772 14,052
Derivatives, at fair value 48,019 46,652
Liabilities held for sale 0 4,182
Customers' credit balances and deposits 18,162 27,325
Total current liabilities 583,799 750,976
NONCURRENT LIABILITIES    
Deferred income taxes 208,450 242,436
Deferred investment tax credits 3,815 3,976
Deferred gain 1,947 9,104
Derivatives, at fair value 24,927 22,982
Manufactured gas plant remediation 128,897 130,800
Postemployment employee benefit liability 143,345 137,007
Regulatory liabilities 208,869 209,139
Asset retirement obligation 29,650 28,688
Other 7,396 8,959
Total noncurrent liabilities 757,296 793,091
Commitments and contingent liabilities (Note 12)
Total capitalization and liabilities $ 4,089,973 $ 4,143,664