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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,638,798 $ 2,625,730
Construction work in progress 267,774 232,233
Nonutility plant and equipment, at cost 1,247,107 861,904
Construction work in progress 81,590 62,492
Total property, plant and equipment 4,235,269 3,782,359
Accumulated depreciation and amortization, utility plant (572,144) (585,160)
Accumulated depreciation and amortization, nonutility plant and equipment (166,932) (156,033)
Property, plant and equipment, net 3,496,193 3,041,166
CURRENT ASSETS    
Cash and cash equivalents 15,666 2,676
Customer accounts receivable    
Billed 250,419 139,263
Unbilled revenues 63,656 6,510
Allowance for doubtful accounts (6,423) (6,148)
Regulatory assets 24,246 32,871
Gas in storage, at average cost 186,895 169,803
Materials and supplies, at average cost 14,617 14,475
Prepaid expenses 20,815 8,333
Prepaid and accrued taxes 9,162 22,602
Derivatives, at fair value 48,552 25,103
Restricted broker margin accounts 43,112 73,723
Other 21,894 22,395
Total current assets 692,611 511,606
NONCURRENT ASSETS    
Investments in equity method investees 202,231 200,268
Regulatory assets 490,283 496,637
Derivatives, at fair value 5,594 7,426
Intangible assets, net 15,757 14,611
Operating lease assets 87,793  
Other noncurrent assets 104,704 101,271
Total noncurrent assets 906,362 820,213
Total assets 5,095,166 4,372,985
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding December 31, 2019 — 95,508,010; September 30, 2019 — 89,998,788 240,221 226,649
Premium on common stock 494,265 291,331
Accumulated other comprehensive loss, net of tax (31,028) (31,787)
Treasury stock at cost and other; shares December 31, 2019 — 580,603; September 30, 2019 —660,734 (11,130) (10,436)
Retained earnings 1,135,475 1,075,960
Common stock equity 1,827,803 1,551,717
Long-term debt 1,537,549 1,537,177
Total capitalization 3,365,352 3,088,894
CURRENT LIABILITIES    
Current maturities of long-term debt 21,797 21,419
Short-term debt 390,709 25,450
Gas purchases payable 181,356 137,271
Gas purchases payable to related parties 791 790
Accounts payable and other 91,580 129,724
Dividends payable 29,846 28,122
Accrued taxes 5,342 3,394
New Jersey Clean Energy Program 13,757 15,468
Derivatives, at fair value 36,987 57,623
Operating lease liabilities 3,805  
Customers' credit balances and deposits 29,573 27,116
Total current liabilities 805,543 446,377
NONCURRENT LIABILITIES    
Deferred income taxes 194,284 190,663
Deferred investment tax credits 3,573 3,653
Deferred gain 1,358 1,554
Derivatives, at fair value 25,073 18,821
Manufactured gas plant remediation 129,241 131,080
Postemployment employee benefit liability 245,455 246,517
Regulatory liabilities 203,313 202,435
Asset retirement obligation 31,503 31,046
Operating lease liabilities 82,909  
Other 7,562 11,945
Total noncurrent liabilities 924,271 837,714
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,095,166 $ 4,372,985