Shareholders' Equity (Table)

9 Months Ended

Jun. 30, 2019

The following tables present a reconciliation of changes in stockholders' equity for the three and nine months ended June 30, 2019 and 2018.



	Common stock			Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)			Retained Earnings			Total
	Number of Shares	Stated Value		Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)			Retained Earnings			Total
	(In thousands, except share and per share data)
Balance, September 30, 2018	111,273,683	$	556	$	2,974,926	$	(83,647	)	$	1,878,116		$	4,769,951
Net income	—	—		—		—			157,646			157,646
Other comprehensive loss	—	—		—		(22,258		)	—			(22,258		)
Cash dividends ($0.525 per share)	—	—		—		—			(58,722		)	(58,722		)
Cumulative effect of accounting change (See Note 2)	—	—		—		(8,210		)	8,210			—
Common stock issued:
Public and other stock offerings	5,434,812	27		498,948		—			—			498,975
Stock-based compensation plans	184,464	1		2,602		—			—			2,603
Balance, December 31, 2018	116,892,959	584		3,476,476		(114,115		)	1,985,250			5,348,195
Net income	—	—		—		—			214,888			214,888
Other comprehensive loss	—	—		—		(2,695		)	—			(2,695		)
Cash dividends ($0.525 per share)	—	—		—		—			(61,606		)	(61,606		)
Common stock issued:
Public and other stock offerings	61,006	1		5,453		—			—			5,454
Stock-based compensation plans	28,938	—		3,865		—			—			3,865
Balance, March 31, 2019	116,982,903	585		3,485,794		(116,810		)	2,138,532			5,508,101
Net income	—	—		—		—			80,466			80,466
Other comprehensive income	—	—		—		1,147			—			1,147
Cash dividends ($0.525 per share)	—	—		—		—			(61,654		)	(61,654		)
Common stock issued:
Public and other stock offerings	1,127,244	5		103,425		—			—			103,430
Stock-based compensation plans	85,966	1		10,505		—			—			10,506
Balance, June 30, 2019	118,196,113	$	591	$	3,599,724	$	(115,663	)	$	2,157,344		$	5,641,996



	Common stock			Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)			Retained Earnings			Total
	Number of Shares	Stated Value		Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)			Retained Earnings			Total
	(In thousands, except share and per share data)
Balance, September 30, 2017	106,104,634	$	531	$	2,536,365	$	(105,254	)	$	1,467,024		$	3,898,666
Net income	—	—		—		—			314,132			314,132
Other comprehensive loss	—	—		—		(1,062		)	—			(1,062		)
Cash dividends ($0.485 per share)	—	—		—		—			(51,837		)	(51,837		)
Common stock issued:
Public and other stock offerings	4,621,518	22		400,737		—			—			400,759
Stock-based compensation plans	235,960	2		2,960		—			—			2,962
Balance, December 31, 2017	110,962,112	555		2,940,062		(106,316		)	1,729,319			4,563,620
Net income	—	—		—		—			178,992			178,992
Other comprehensive income	—	—		—		21,305			—			21,305
Cash dividends ($0.485 per share)	—	—		—		—			(54,054		)	(54,054		)
Common stock issued:
Public and other stock offerings	76,776	—		6,235		—			—			6,235
Stock-based compensation plans	21,440	—		5,248		—			—			5,248
Balance, March 31, 2018	111,060,328	555		2,951,545		(85,011		)	1,854,257			4,721,346
Net income	—	—		—		—			71,193			71,193
Other comprehensive income	—	—		—		8,630			—			8,630
Cash dividends ($0.485 per share)	—	—		—		—			(54,116		)	(54,116		)
Common stock issued:
Public and other stock offerings	45,307	1		3,947		—			—			3,948
Stock-based compensation plans	89,813	—		8,551		—			—			8,551
Balance, June 30, 2018	111,195,448	$	556	$	2,964,043	$	(76,381	)	$	1,871,334		$	4,759,552

Schedule of Forward Sales Executed

The following table presents information relevant to the forward sales during fiscal year 2019.



Maturity	September 30, 2020					March 31, 2020						Total
	Shares	Price⁽¹⁾		Proceeds (in millions)		Shares		Price⁽¹⁾		Proceeds (in millions)		Shares		Price⁽¹⁾		Proceeds (in millions)
Available Balance September 30, 2018	—	$	—	$	—	—		$	—	$	—	—		$	—	$	—
Issued via Block	—	—				2,668,464		91.77				2,668,464		91.77
Available Balance December 31, 2018 ⁽²⁾	—	—		—		2,668,464		91.90		245.2		2,668,464		91.90		245.2
Issued via ATM	—	—				1,670,509		95.46				1,670,509		95.46
Available Balance March 31, 2019 ⁽²⁾	—	—		—		4,338,973		93.08		403.9		4,338,973		93.08		403.9
Issued via ATM	1,050,563	101.41				—		—				1,050,563		101.41
Settled Block	—	—				(1,089,700	)	91.44				(1,089,700	)	91.44
Available Balance June 30, 2019⁽²⁾	1,050,563	$	101.11	$	106.2	3,249,273		$	93.34	$	303.3	4,299,836		$	95.24	$	409.5


(1)	Issued price as disclosed is calculated as the weighted average price for activity occurring during the quarter.

(2)

If we had settled all shares available under the forward agreements as of the period end, including forward price adjustments, we would receive proceeds based on the stated net price.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables provide the components of our accumulated other comprehensive income (loss) balances, net of the related tax effects allocated to each component of other comprehensive income (loss).



	Available- for-Sale Securities⁽¹⁾			Interest Rate Agreement Cash Flow Hedges			Total
	(In thousands)
September 30, 2018	$	8,124		$	(91,771	)	$	(83,647	)
Other comprehensive income (loss) before reclassifications	192			(25,966		)	(25,774		)
Amounts reclassified from accumulated other comprehensive income	(1		)	1,969			1,968
Net current-period other comprehensive income (loss)	191			(23,997		)	(23,806		)
Cumulative effect of accounting change (See Note 2)	(8,210		)	—			(8,210		)
June 30, 2019	$	105		$	(115,768	)	$	(115,663	)



	Available- for-Sale Securities⁽¹⁾			Interest Rate Agreement Cash Flow Hedges			Total
	(In thousands)
September 30, 2017	$	7,048		$	(112,302	)	$	(105,254	)
Other comprehensive income before reclassifications	148			28,315			28,463
Amounts reclassified from accumulated other comprehensive income	(884		)	1,294			410
Net current-period other comprehensive income (loss)	(736		)	29,609			28,873
June 30, 2018	$	6,312		$	(82,693	)	$	(76,381	)

(1)

Available-for-sale-securities reported in fiscal 2018 include both debt and equity securities, while fiscal 2019 includes only debt securities. See Note 2 for further discussion regarding our adoption of the new accounting standard.