XML 48 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Table)
12 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Balance sheet information at September 30, 2018 and 2017 by segment is presented in the following tables.
 
September 30, 2018
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Property, plant and equipment, net
$
7,644,693

 
$
2,726,454

 
$
—

 
$
10,371,147

Total assets
$
11,109,128

 
$
2,963,480

 
$
(2,198,171
)
 
$
11,874,437


 
September 30, 2017
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Property, plant and equipment, net
$
6,849,517

 
$
2,409,665

 
$
—

 
$
9,259,182

Total assets
$
10,050,164

 
$
2,621,601

 
$
(1,922,169
)
 
$
10,749,596

Income statements and capital expenditures by segment are shown in the following tables.
 
Year Ended September 30, 2018
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
3,000,404

 
$
115,142

 
$
—

 
$
3,115,546

Intersegment revenues
2,643

 
392,571

 
(395,214
)
 
—

Total operating revenues
3,003,047

 
507,713

 
(395,214
)
 
3,115,546

Purchased gas cost
1,559,836

 
1,978

 
(393,966
)
 
1,167,848

Operation and maintenance expense
465,848

 
134,995

 
(1,248
)
 
599,595

Depreciation and amortization expense
264,930

 
96,153

 
—

 
361,083

Taxes, other than income
231,566

 
32,320

 
—

 
263,886

Operating income
480,867

 
242,267

 
—

 
723,134

Miscellaneous expense
(1,849
)
 
(3,495
)
 
—

 
(5,344
)
Interest charges
65,850

 
40,796

 
—

 
106,646

Income before income taxes
413,168

 
197,976

 
—

 
611,144

Income tax (benefit) expense
(29,798
)
 
37,878

 
—

 
8,080

Net income
$
442,966

 
$
160,098

 
$
—

 
$
603,064

Capital expenditures
$
1,025,800

 
$
441,791

 
$
—

 
$
1,467,591



 
Year Ended September 30, 2017
 
Distribution
 
Pipeline and Storage
 
Natural Gas Marketing
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,647,813

 
$
111,922

 
$
—

 
$
—

 
$
2,759,735

Intersegment revenues
1,362

 
345,108

 
—

 
(346,470
)
 
—

Total operating revenues
2,649,175

 
457,030

 
—

 
(346,470
)
 
2,759,735

Purchased gas cost
1,269,456

 
2,506

 
—

 
(346,426
)
 
925,536

Operation and maintenance expense
413,077

 
133,765

 
—

 
(44
)
 
546,798

Depreciation and amortization expense
249,071

 
70,377

 
—

 
—

 
319,448

Taxes, other than income
211,929

 
28,478

 
—

 
—

 
240,407

Operating income
505,642

 
221,904

 
—

 
—

 
727,546

Miscellaneous expense
(1,695
)
 
(1,575
)
 
—

 
—

 
(3,270
)
Interest charges
79,789

 
40,393

 
—

 
—

 
120,182

Income from continuing operations before income taxes
424,158

 
179,936

 
—

 
—

 
604,094

Income tax expense
155,789

 
65,594

 
—

 
—

 
221,383

Income from continuing operations
268,369

 
114,342

 
—

 
—

 
382,711

Income from discontinued operations, net of tax
—

 
—

 
10,994

 
—

 
10,994

Gain on sale of discontinued operations, net of tax
—

 
—

 
2,716

 
—

 
2,716

Net income
$
268,369

 
$
114,342

 
$
13,710

 
$
—

 
$
396,421

Capital expenditures
$
849,950

 
$
287,139

 
$
—

 
$
—

 
$
1,137,089


 
Year Ended September 30, 2016
 
Distribution
 
Pipeline and Storage
 
Natural Gas Marketing
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,338,404

 
$
116,244

 
$
—

 
$
—

 
$
2,454,648

Intersegment revenues
1,374

 
310,952

 
—

 
(312,326
)
 
—

Total operating revenues
2,339,778

 
427,196

 
—

 
(312,326
)
 
2,454,648

Purchased gas cost
1,058,576

 
(58
)
 
—

 
(312,326
)
 
746,192

Operation and maintenance expense
407,982

 
130,610

 
—

 
—

 
538,592

Depreciation and amortization expense
234,109

 
56,682

 
—

 
—

 
290,791

Taxes, other than income
197,227

 
24,616

 
—

 
—

 
221,843

Operating income
441,884

 
215,346

 
—

 
—

 
657,230

Miscellaneous income (expense)
1,171

 
(1,405
)
 
—

 
—

 
(234
)
Interest charges
78,238

 
36,574

 
—

 
—

 
114,812

Income from continuing operations before income taxes
364,817

 
177,367

 
—

 
—

 
542,184

Income tax expense
130,987

 
65,655

 
—

 
—

 
196,642

Income from continuing operations
233,830

 
111,712

 
—

 
—

 
345,542

Income from discontinued operations, net of tax
—

 
—

 
4,562

 
—

 
4,562

Net income
$
233,830

 
$
111,712

 
$
4,562

 
$
—

 
$
350,104

Capital expenditures
$
740,246

 
$
346,383

 
$
321

 
$
—

 
$
1,086,950

Revenue from External Customers by Products and Services
The following table summarizes our revenues from external parties by products and services for the fiscal year ended September 30.
 
2018
 
2017
 
2016
 
(In thousands)
Distribution revenues:
 
 
 
 
 
Gas sales revenues:
 
 
 
 
 
Residential
$
1,916,101

 
$
1,642,918

 
$
1,477,049

Commercial
797,073

 
708,167

 
619,979

Industrial
131,267

 
133,372

 
98,439

Public authority and other
47,714

 
45,820

 
41,307

Total gas sales revenues
2,892,155

 
2,530,277

 
2,236,774

Transportation revenues
99,250

 
86,332

 
76,690

Other gas revenues
8,999

 
31,204

 
24,940

Total distribution revenues
3,000,404

 
2,647,813

 
2,338,404

Pipeline and storage revenues
115,142

 
111,922

 
116,244

Total operating revenues
$
3,115,546

 
$
2,759,735

 
$
2,454,648