Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Balance Sheet and Statement of Comprehensive Income to Discontinued Operations

The following table reconciles the carrying amounts of the major classes of assets and liabilities to the Company’s discontinued operations as presented on its Condensed Consolidated Balance Sheet.

	June 30, 2015						December 31, 2014
	EWW/Pipelines		Independence		Total		EWW/Pipelines		Independence		Total
Current Assets:
Cash and cash equivalents	$	47,108	$	-	$	47,108	$	257,358	$	-	$	257,358
Accounts receivable, net		439,851		-		439,851		1,002,763		155		1,002,918
Unbilled gas		82,040		-		82,040		735,122		-		735,122
Inventory		211,810		-		211,810		181,197		-		181,197
Prepayments and other		73,019		-		73,019		71,101		-		71,101
Regulatory assets, current		51,808		-		51,808		250,031		-		250,031
Total current assets		905,636		-		905,636		2,497,572		155		2,497,727
Non-Current Assets:
Property, plant & equipment, net		9,389,156		-		9,389,156		8,966,965		-		8,966,965
Regulatory assets, non-current		155,826		-		155,826		155,826		-		155,826
Other assets		33,274		-		33,274		33,416		-		33,416
Total non-current assets		9,578,256		-		9,578,256		9,156,207		-		9,156,207
Total discontinued assets	$	10,483,892	$	-	$	10,483,892	$	11,653,779	$	155	$	11,653,934
Current Liabilities:
Accounts payable	$	43,963	$	9,015	$	52,978	$	28,578	$	1,079	$	29,657
Accrued liabilities		269,053		-		269,053		334,664		-		334,664
Other current liabilities		180,763		3,450		184,213		123,318		16,000		139,318
Total current liabilities		493,779		12,465		506,244		486,560		17,079		503,639
Non-Current Liabilities:
Customer advances for construction		34,742		-		34,742		40,793		-		40,793
Total discontinued liabilities	$	528,521	$	12,465	$	540,986	$	527,353	$	17,079	$	544,432

The following table reconciles the carrying amounts of the major line items constituting the pretax profit of discontinued operations to the after-tax profit or loss of discontinued operations that are presented on the Condensed Consolidated Statement of Comprehensive Income.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
EWW/Pipeline assets
Revenues	$	1,425,475	$	1,898,325	$	4,608,504	$	5,443,786
Cost of sales		(599,876)		(1,047,363)		(2,533,836)		(3,156,194)
Distribution, general & administrative		(384,843)		(426,196)		(779,610)		(784,187)
Maintenance		(32,284)		(47,092)		(80,707)		(88,415)
Depreciation & amortization		-		(179,016)		-		(363,222)
Taxes other than income		(74,834)		(95,829)		(168,588)		(171,375)
Other income		3,313		10,933		7,263		16,263
Interest expense		(203)		(972)		(964)		(1,253)
Pretax income from discontinued operations		336,748		112,790		1,052,062		895,403
Income tax expense		(123,016)		(41,090)		(384,320)		(326,196)
Income from discontinued operations of EWW/Pipeline assets	$	213,732	$	71,700	$	667,742	$	569,207
Independence
(Loss) from discontinued operations of Independence		(853)		(6,819)		(17,947)		(22,380)
Net income from discontinued operations	$	212,879	$	64,881	$	649,795	$	546,827