XML 48 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Table)
3 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Income statements for the three month periods ended December 31, 2013 and 2012 by segment are presented in the following tables:
 
Three Months Ended December 31, 2013
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
842,432

 
$
21,170

 
$
391,546

 
$

 
$
1,255,148

Intersegment revenues
1,433

 
50,171

 
56,175

 
(107,779
)
 

 
843,865

 
71,341

 
447,721

 
(107,779
)
 
1,255,148

Purchased gas cost
544,694

 

 
429,155

 
(107,658
)
 
866,191

Gross profit
299,171

 
71,341

 
18,566

 
(121
)
 
388,957

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
89,663

 
17,300

 
8,915

 
(121
)
 
115,757

Depreciation and amortization
49,551

 
9,786

 
1,132

 

 
60,469

Taxes, other than income
37,084

 
4,663

 
264

 

 
42,011

Total operating expenses
176,298

 
31,749

 
10,311

 
(121
)
 
218,237

Operating income
122,873

 
39,592

 
8,255

 

 
170,720

Miscellaneous income (expense)
(471
)
 
(1,181
)
 
324

 
(804
)
 
(2,132
)
Interest charges
23,325

 
8,957

 
637

 
(804
)
 
32,115

Income before income taxes
99,077

 
29,454

 
7,942

 

 
136,473

Income tax expense
36,320

 
10,008

 
3,129

 

 
49,457

Net income
$
62,757

 
$
19,446

 
$
4,813

 
$

 
$
87,016

Capital expenditures
$
127,506

 
$
52,921

 
$
140

 
$

 
$
180,567




 
 
Three Months Ended December 31, 2012
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
665,549

 
$
18,699

 
$
349,907

 
$

 
$
1,034,155

Intersegment revenues
1,238

 
41,982

 
49,987

 
(93,207
)
 

 
666,787

 
60,681

 
399,894

 
(93,207
)
 
1,034,155

Purchased gas cost
387,156

 

 
377,435

 
(92,798
)
 
671,793

Gross profit
279,631

 
60,681

 
22,459

 
(409
)
 
362,362

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
83,736

 
16,320

 
6,882

 
(411
)
 
106,527

Depreciation and amortization
50,060

 
8,390

 
1,129

 

 
59,579

Taxes, other than income
36,751

 
3,949

 
634

 

 
41,334

Total operating expenses
170,547

 
28,659

 
8,645

 
(411
)
 
207,440

Operating income
109,084

 
32,022

 
13,814

 
2

 
154,922

Miscellaneous income (expense)
(131
)
 
(127
)
 
1,667

 
(711
)
 
698

Interest charges
23,563

 
6,871

 
797

 
(709
)
 
30,522

Income from continuing operations before income taxes
85,390

 
25,024

 
14,684

 

 
125,098

Income tax expense
32,297

 
8,919

 
6,534

 

 
47,750

Income from continuing operations
53,093

 
16,105

 
8,150

 

 
77,348

Income from discontinued operations, net of tax
3,117

 

 

 

 
3,117

Net income
$
56,210

 
$
16,105

 
$
8,150

 
$

 
$
80,465

Capital expenditures
$
145,871

 
$
43,831

 
$
325

 
$

 
$
190,027



 
 
 
 
 
 
 
 
 
 
 



 
 
 
 
 
 
 
 
 
 
 

 
Balance sheet information at December 31, 2013 and September 30, 2013 by segment is presented in the following tables.

 
December 31, 2013
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
$
4,799,657

 
$
1,293,093

 
$
60,213

 
$

 
$
6,152,963

Investment in subsidiaries
863,214

 

 
(2,096
)
 
(861,118
)
 

Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
152,058

 

 
42,505

 

 
194,563

Assets from risk management activities
88,934

 

 
9,001

 

 
97,935

Other current assets
740,359

 
11,184

 
564,079

 
(308,550
)
 
1,007,072

Intercompany receivables
793,589

 

 

 
(793,589
)
 

Total current assets
1,774,940

 
11,184

 
615,585

 
(1,102,139
)
 
1,299,570

Intangible assets

 

 
110

 

 
110

Goodwill
574,190

 
132,462

 
34,711

 

 
741,363

Noncurrent assets from risk management activities
45,878

 

 
2,614

 

 
48,492

Deferred charges and other assets
345,075

 
20,960

 
7,558

 

 
373,593

 
$
8,402,954

 
$
1,457,699

 
$
718,695

 
$
(1,963,257
)
 
$
8,616,091

CAPITALIZATION AND LIABILITIES
 
 
 
 
 
 
 
 
 
Shareholders’ equity
$
2,661,314

 
$
415,868

 
$
447,346

 
$
(863,214
)
 
$
2,661,314

Long-term debt
1,955,750

 

 

 

 
1,955,750

Total capitalization
4,617,064

 
415,868

 
447,346

 
(863,214
)
 
4,617,064

Current liabilities
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt
500,000

 

 

 

 
500,000

Short-term debt
972,795

 

 

 
(283,000
)
 
689,795

Liabilities from risk management activities
36

 

 

 

 
36

Other current liabilities
645,433

 
20,429

 
181,262

 
(23,454
)
 
823,670

Intercompany payables

 
719,438

 
74,151

 
(793,589
)
 

Total current liabilities
2,118,264

 
739,867

 
255,413

 
(1,100,043
)
 
2,013,501

Deferred income taxes
916,095

 
299,819

 
14,138

 

 
1,230,052

Regulatory cost of removal obligation
356,617

 

 

 

 
356,617

Pension and postretirement liabilities
359,534

 

 

 

 
359,534

Deferred credits and other liabilities
35,380

 
2,145

 
1,798

 

 
39,323

 
$
8,402,954

 
$
1,457,699

 
$
718,695

 
$
(1,963,257
)
 
$
8,616,091




 
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

 

 
10,129

 

 
11,966

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

 
524,217

 
(1,076,971
)
 
677,133

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

 
$
626,696

 
$
(1,906,011
)
 
$
7,934,268

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

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

 
$
626,696

 
$
(1,906,011
)
 
$
7,934,268