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Segment Information (Table)
12 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Schedule of segment reporting income statement, by segment
Summarized income statements and capital expenditures by segment are shown in the following tables.
 
Year Ended September 30, 2013
 
Natural Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,394,418

 
$
89,011

 
$
1,402,828

 
$

 
$
3,886,257

Intersegment revenues
5,075

 
179,889

 
195,883

 
(380,847
)
 

 
2,399,493

 
268,900

 
1,598,711

 
(380,847
)
 
3,886,257

Purchased gas cost
1,318,257

 

 
1,535,380

 
(379,430
)
 
2,474,207

Gross profit
1,081,236

 
268,900

 
63,331

 
(1,417
)
 
1,412,050

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
375,188

 
76,686

 
37,569

 
(1,423
)
 
488,020

Depreciation and amortization
195,581

 
35,302

 
4,196

 

 
235,079

Taxes, other than income
167,374

 
17,059

 
2,639

 

 
187,072

Total operating expenses
738,143

 
129,047

 
44,404

 
(1,423
)
 
910,171

Operating income
343,093

 
139,853

 
18,927

 
6

 
501,879

Miscellaneous income (expense)
2,535

 
(2,285
)
 
2,316

 
(2,763
)
 
(197
)
Interest charges
98,296

 
30,678

 
2,168

 
(2,757
)
 
128,385

Income from continuing operations before income taxes
247,332

 
106,890

 
19,075

 

 
373,297

Income tax expense
96,476

 
38,630

 
7,493

 

 
142,599

Income from continuing operations
150,856

 
68,260

 
11,582

 

 
230,698

Income from discontinued operations, net of tax
7,202

 

 

 

 
7,202

Gain (loss) on sale of discontinued operations, net of tax
5,649

 

 
(355
)
 

 
5,294

Net income
$
163,707

 
$
68,260

 
$
11,227

 
$

 
$
243,194

Capital expenditures
$
528,599

 
$
313,230

 
$
3,204

 
$

 
$
845,033



 
Year Ended September 30, 2012
 
Natural Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,144,376

 
$
92,604

 
$
1,201,503

 
$

 
$
3,438,483

Intersegment revenues
954

 
154,747

 
149,800

 
(305,501
)
 

 
2,145,330

 
247,351

 
1,351,303

 
(305,501
)
 
3,438,483

Purchased gas cost
1,122,587

 

 
1,296,179

 
(304,022
)
 
2,114,744

Gross profit
1,022,743

 
247,351

 
55,124

 
(1,479
)
 
1,323,739

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
353,879

 
71,521

 
29,697

 
(1,484
)
 
453,613

Depreciation and amortization
202,026

 
31,438

 
4,061

 

 
237,525

Taxes, other than income
162,377

 
15,568

 
3,128

 

 
181,073

Asset impairments

 

 
5,288

 

 
5,288

Total operating expenses
718,282

 
118,527

 
42,174

 
(1,484
)
 
877,499

Operating income
304,461

 
128,824

 
12,950

 
5

 
446,240

Miscellaneous income (expense)
(12,657
)
 
(1,051
)
 
1,035

 
(1,971
)
 
(14,644
)
Interest charges
110,642

 
29,414

 
3,084

 
(1,966
)
 
141,174

Income from continuing operations before income taxes
181,162

 
98,359

 
10,901

 

 
290,422

Income tax expense
57,314

 
35,300

 
5,612

 

 
98,226

Income from continuing operations
123,848

 
63,059

 
5,289

 

 
192,196

Income from discontinued operations, net of tax
18,172

 

 

 

 
18,172

Gain on sale of discontinued operations, net of tax
6,349

 

 

 

 
6,349

Net income
$
148,369

 
$
63,059

 
$
5,289

 
$

 
$
216,717

Capital expenditures
$
546,818

 
$
175,768

 
$
10,272

 
$

 
$
732,858


 
Year Ended September 30, 2011
 
Natural Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,469,781

 
$
87,141

 
$
1,729,513

 
$

 
$
4,286,435

Intersegment revenues
883

 
132,232

 
295,380

 
(428,495
)
 

 
2,470,664

 
219,373

 
2,024,893

 
(428,495
)
 
4,286,435

Purchased gas cost
1,452,721

 

 
1,959,893

 
(426,999
)
 
2,985,615

Gross profit
1,017,943

 
219,373

 
65,000

 
(1,496
)
 
1,300,820

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
341,758

 
70,401

 
32,308

 
(1,502
)
 
442,965

Depreciation and amortization
193,642

 
25,997

 
4,193

 

 
223,832

Taxes, other than income
160,455

 
14,700

 
2,612

 

 
177,767

Asset impairments

 

 
30,270

 

 
30,270

Total operating expenses
695,855

 
111,098

 
69,383

 
(1,502
)
 
874,834

Operating income (loss)
322,088

 
108,275

 
(4,383
)
 
6

 
425,986

Miscellaneous income
16,242

 
4,715

 
657

 
(430
)
 
21,184

Interest charges
115,740

 
31,432

 
4,015

 
(424
)
 
150,763

Income (loss) from continuing operations before income taxes
222,590

 
81,558

 
(7,741
)
 

 
296,407

Income tax expense (benefit)
77,885

 
29,143

 
(209
)
 

 
106,819

Income (loss) from continuing operations
144,705

 
52,415

 
(7,532
)
 

 
189,588

Income from discontinued operations, net of tax
18,013

 

 

 

 
18,013

Net income (loss)
$
162,718

 
$
52,415

 
$
(7,532
)
 
$

 
$
207,601

Capital expenditures
$
496,899

 
$
118,452

 
$
7,614

 
$

 
$
622,965

Revenue from External Customers by Products and Services
The following table summarizes our revenues by products and services for the fiscal year ended September 30.
 
2013
 
2012
 
2011
 
(In thousands)
Natural gas distribution revenues:
 
 
 
 
 
Gas sales revenues:
 
 
 
 
 
Residential
$
1,512,495

 
$
1,351,479

 
$
1,535,887

Commercial
661,930

 
587,651

 
685,380

Industrial
81,155

 
71,960

 
96,636

Public authority and other
60,557

 
54,334

 
68,676

Total gas sales revenues
2,316,137

 
2,065,424

 
2,386,579

Transportation revenues
55,938

 
53,924

 
57,331

Other gas revenues
22,343

 
25,028

 
25,871

Total natural gas distribution revenues
2,394,418

 
2,144,376

 
2,469,781

Regulated transmission and storage revenues
89,011

 
92,604

 
87,141

Nonregulated revenues
1,402,828

 
1,201,503

 
1,729,513

Total operating revenues
$
3,886,257

 
$
3,438,483

 
$
4,286,435

Schedule of segment reporting balance sheet information, by segment
Balance sheet information at September 30, 2013 and 2012 by segment is presented in the following tables.
 
September 30, 2013
 
Natural Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
$
4,719,873

 
$
1,249,767

 
$
61,015

 
$

 
$
6,030,655

Investment in subsidiaries
831,136

 

 
(2,096
)
 
(829,040
)
 

Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
4,237

 

 
61,962

 

 
66,199

Assets from risk management activities
1,837

 

 
16,262

 

 
18,099

Other current assets
428,366

 
11,709

 
452,126

 
(293,233
)
 
598,968

Intercompany receivables
783,738

 

 

 
(783,738
)
 

Total current assets
1,218,178

 
11,709

 
530,350

 
(1,076,971
)
 
683,266

Intangible assets

 

 
121

 

 
121

Goodwill
574,190

 
132,462

 
34,711

 

 
741,363

Noncurrent assets from risk management activities
109,354

 

 

 

 
109,354

Deferred charges and other assets
347,687

 
19,227

 
8,728

 

 
375,642

 
$
7,800,418

 
$
1,413,165

 
$
632,829

 
$
(1,906,011
)
 
$
7,940,401

CAPITALIZATION AND LIABILITIES
 
 
 
 
 
 
 
 
 
Shareholders’ equity
$
2,580,409

 
$
396,421

 
$
434,715

 
$
(831,136
)
 
$
2,580,409

Long-term debt
2,455,671

 

 

 

 
2,455,671

Total capitalization
5,036,080

 
396,421

 
434,715

 
(831,136
)
 
5,036,080

Current liabilities
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt

 

 

 

 

Short-term debt
645,984

 

 

 
(278,000
)
 
367,984

Liabilities from risk management activities
1,543

 

 

 

 
1,543

Other current liabilities
491,681

 
20,288

 
110,306

 
(13,316
)
 
608,959

Intercompany payables

 
712,768

 
70,970

 
(783,738
)
 

Total current liabilities
1,139,208

 
733,056

 
181,276

 
(1,075,054
)
 
978,486

Deferred income taxes
871,360

 
283,554

 
8,960

 
179

 
1,164,053

Noncurrent liabilities from risk management activities

 

 
6,133

 

 
6,133

Regulatory cost of removal obligation
359,299

 

 

 

 
359,299

Pension and postretirement liabilities
358,787

 

 

 

 
358,787

Deferred credits and other liabilities
35,684

 
134

 
1,745

 

 
37,563

 
$
7,800,418

 
$
1,413,165

 
$
632,829

 
$
(1,906,011
)
 
$
7,940,401


 
September 30, 2012
 
Natural Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
$
4,432,017

 
$
979,443

 
$
64,144

 
$

 
$
5,475,604

Investment in subsidiaries
747,496

 

 
(2,096
)
 
(745,400
)
 

Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
12,787

 

 
51,452

 

 
64,239

Assets from risk management activities
6,934

 

 
17,773

 

 
24,707

Other current assets
546,187

 
11,788

 
404,097

 
(223,056
)
 
739,016

Intercompany receivables
636,557

 

 

 
(636,557
)
 

Total current assets
1,202,465

 
11,788

 
473,322

 
(859,613
)
 
827,962

Intangible assets

 

 
164

 

 
164

Goodwill
573,550

 
132,422

 
34,711

 

 
740,683

Noncurrent assets from risk management activities
2,283

 

 

 

 
2,283

Deferred charges and other assets
417,893

 
24,353

 
6,733

 

 
448,979

 
$
7,375,704

 
$
1,148,006

 
$
576,978

 
$
(1,605,013
)
 
$
7,495,675

CAPITALIZATION AND LIABILITIES
 
 
 
 
 
 
 
 
 
Shareholders’ equity
$
2,359,243

 
$
328,161

 
$
419,335

 
$
(747,496
)
 
$
2,359,243

Long-term debt
1,956,305

 

 

 

 
1,956,305

Total capitalization
4,315,548

 
328,161

 
419,335

 
(747,496
)
 
4,315,548

Current liabilities
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt

 

 
131

 

 
131

Short-term debt
782,719

 

 

 
(211,790
)
 
570,929

Liabilities from risk management activities
85,366

 

 
15

 

 
85,381

Other current liabilities
526,089

 
12,478

 
90,116

 
(9,170
)
 
619,513

Intercompany payables

 
584,578

 
51,979

 
(636,557
)
 

Total current liabilities
1,394,174

 
597,056

 
142,241

 
(857,517
)
 
1,275,954

Deferred income taxes
789,288

 
220,647

 
5,148

 

 
1,015,083

Noncurrent liabilities from risk management activities

 

 
9,206

 

 
9,206

Regulatory cost of removal obligation
381,164

 

 

 

 
381,164

Pension and postretirement liabilities
457,196

 

 

 

 
457,196

Deferred credits and other liabilities
38,334

 
2,142

 
1,048

 

 
41,524

 
$
7,375,704

 
$
1,148,006

 
$
576,978

 
$
(1,605,013
)
 
$
7,495,675