XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,397,776 $ 3,324,611
Construction work in progress 158,052 182,196
Nonutility plant and equipment, at cost 1,136,718 1,124,896
Construction work in progress 452,685 365,346
Total property, plant and equipment 5,145,231 4,997,049
Accumulated depreciation and amortization, utility plant (622,934) (611,827)
Accumulated depreciation and amortization, nonutility plant and equipment (179,194) (171,709)
Property, plant and equipment, net 4,343,103 4,213,513
CURRENT ASSETS    
Cash and cash equivalents 1,259 4,749
Customer accounts receivable    
Billed 266,815 212,838
Unbilled revenues 72,949 10,351
Allowance for doubtful accounts (24,767) (24,652)
Regulatory assets 38,653 30,118
Natural gas in storage, at average cost 242,692 193,606
Materials and supplies, at average cost 19,341 19,561
Prepaid expenses 15,117 8,166
Prepaid and accrued taxes 23,246 51,211
Derivatives, at fair value 39,783 35,251
Restricted broker margin accounts 42,716 72,840
Other current assets 22,518 20,235
Total current assets 760,322 634,274
NONCURRENT ASSETS    
Investments in equity method investees 114,249 114,529
Regulatory assets 528,074 522,099
Operating lease assets 173,617 173,928
Derivatives, at fair value 1,978 3,403
Intangible assets, net 4,337 5,029
Software costs 5,464 5,582
Other noncurrent assets 50,013 49,921
Total noncurrent assets 877,732 874,491
Total assets 5,981,157 5,722,278
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding December 31, 2021 — 95,961,710; September 30, 2021 — 95,709,662 241,274 240,644
Premium on common stock 513,134 502,584
Accumulated other comprehensive loss, net of tax (33,498) (34,528)
Treasury stock at cost and other; shares December 31, 2021 — 762,344; September 30, 2021 — 762,313 (15,067) (12,448)
Retained earnings 1,011,135 934,610
Common stock equity 1,716,978 1,630,862
Long-term debt 2,274,176 2,162,164
Total capitalization 3,991,154 3,793,026
CURRENT LIABILITIES    
Current maturities of long-term debt 74,461 72,840
Short-term debt 487,950 377,300
Natural gas purchases payable 149,945 168,697
Natural gas purchases payable to related parties 851 861
Deferred revenue 52,852 1,745
Accounts payable and other 168,197 223,497
Dividends payable 34,786 34,768
Accrued taxes 6,596 3,356
Regulatory liabilities 18,999 28,007
New Jersey Clean Energy Program 14,416 16,308
Derivatives, at fair value 30,049 87,145
Operating lease liabilities 4,531 4,300
Restricted broker margin accounts 15,475 0
Customers' credit balances and deposits 38,666 32,586
Total current liabilities 1,097,774 1,051,410
NONCURRENT LIABILITIES    
Deferred income taxes 178,654 163,530
Deferred investment tax credits 2,930 3,010
Deferred revenue 14,621 847
Derivatives, at fair value 15,261 13,497
Manufactured gas plant remediation 126,872 135,012
Postemployment employee benefit liability 167,335 169,267
Regulatory liabilities 190,714 193,051
Operating lease liabilities 141,356 141,363
Asset retirement obligation 46,541 46,306
Other noncurrent liabilities 7,945 11,959
Total noncurrent liabilities 892,229 877,842
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,981,157 $ 5,722,278