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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,451,038 $ 3,324,611
Construction work in progress 154,978 182,196
Nonutility plant and equipment, at cost 1,154,104 1,124,896
Construction work in progress 511,351 365,346
Total property, plant and equipment 5,271,471 4,997,049
Accumulated depreciation and amortization, utility plant (637,491) (611,827)
Accumulated depreciation and amortization, nonutility plant and equipment (187,141) (171,709)
Property, plant and equipment, net 4,446,839 4,213,513
CURRENT ASSETS    
Cash and cash equivalents 13,906 4,749
Customer accounts receivable    
Billed 273,313 212,838
Unbilled revenues 56,270 10,351
Allowance for doubtful accounts (21,470) (24,652)
Regulatory assets 33,717 30,118
Natural gas in storage, at average cost 66,300 193,606
Materials and supplies, at average cost 21,855 19,561
Prepaid expenses 13,714 8,166
Prepaid and accrued taxes 4,087 51,211
Derivatives, at fair value 21,586 35,251
Restricted broker margin accounts 49,901 72,840
Other current assets 22,857 20,235
Total current assets 556,036 634,274
NONCURRENT ASSETS    
Investments in equity method investees 109,980 114,529
Regulatory assets 513,006 522,099
Operating lease assets 171,207 173,928
Derivatives, at fair value 4,140 3,403
Intangible assets, net 3,445 5,029
Software costs 5,714 5,582
Other noncurrent assets 59,637 49,921
Total noncurrent assets 867,129 874,491
Total assets 5,870,004 5,722,278
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding March 31, 2022 — 96,081,796; September 30, 2021 — 95,709,662 241,593 240,644
Premium on common stock 517,843 502,584
Accumulated other comprehensive loss, net of tax (32,467) (34,528)
Treasury stock at cost and other; shares March 31, 2022 — 769,835; September 30, 2021 — 762,313 (15,025) (12,448)
Retained earnings 1,072,343 934,610
Common stock equity 1,784,287 1,630,862
Long-term debt 2,319,434 2,162,164
Total capitalization 4,103,721 3,793,026
CURRENT LIABILITIES    
Current maturities of long-term debt 24,539 72,840
Short-term debt 302,210 377,300
Natural gas purchases payable 142,733 168,697
Natural gas purchases payable to related parties 855 861
Deferred revenue 54,113 1,745
Accounts payable and other 123,190 223,497
Dividends payable 34,830 34,768
Accrued taxes 32,153 3,356
Regulatory liabilities 88,064 28,007
New Jersey Clean Energy Program 6,608 16,308
Derivatives, at fair value 45,216 87,145
Operating lease liabilities 4,878 4,300
Restricted broker margin accounts 2,464 0
Customers' credit balances and deposits 20,284 32,586
Total current liabilities 882,137 1,051,410
NONCURRENT LIABILITIES    
Deferred income taxes 181,875 163,530
Deferred investment tax credits 2,849 3,010
Deferred revenue 5,088 847
Derivatives, at fair value 19,632 13,497
Manufactured gas plant remediation 121,605 135,012
Postemployment employee benefit liability 166,887 169,267
Regulatory liabilities 191,450 193,051
Operating lease liabilities 140,036 141,363
Asset retirement obligation 46,753 46,306
Other noncurrent liabilities 7,971 11,959
Total noncurrent liabilities 884,146 877,842
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,870,004 $ 5,722,278