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Segment Information (Table)
12 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Balance sheet information at September 30, 2019 and 2018 by segment is presented in the following tables.
 
September 30, 2019
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Property, plant and equipment, net
$
8,737,590

 
$
3,050,079

 
$

 
$
11,787,669

Total assets
$
12,579,741

 
$
3,279,323

 
$
(2,491,445
)
 
$
13,367,619


 
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

Income statements and capital expenditures by segment are shown in the following tables.
 
Year Ended September 30, 2019
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,742,824

 
$
159,024

 
$

 
$
2,901,848

Intersegment revenues
2,637

 
408,000

 
(410,637
)
 

Total operating revenues
2,745,461

 
567,024

 
(410,637
)
 
2,901,848

Purchased gas cost
1,268,591

 
(360
)
 
(409,394
)
 
858,837

Operation and maintenance expense
480,222

 
151,329

 
(1,243
)
 
630,308

Depreciation and amortization expense
283,697

 
107,759

 

 
391,456

Taxes, other than income
242,179

 
33,010

 

 
275,189

Operating income
470,772

 
275,286

 

 
746,058

Other non-operating income
6,241

 
1,163

 

 
7,404

Interest charges
60,031

 
43,122

 

 
103,153

Income before income taxes
416,982

 
233,327

 

 
650,309

Income tax expense
88,168

 
50,735

 

 
138,903

Net income
$
328,814

 
$
182,592

 
$

 
$
511,406

Capital expenditures
$
1,274,613

 
$
418,864

 
$

 
$
1,693,477



 
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
461,048

 
134,995

 
(1,248
)
 
594,795

Depreciation and amortization expense
264,930

 
96,153

 

 
361,083

Taxes, other than income
231,566

 
32,320

 

 
263,886

Operating income
485,667

 
242,267

 

 
727,934

Other non-operating expense
(6,649
)
 
(3,495
)
 

 
(10,144
)
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
404,995

 
133,765

 

 
(44
)
 
538,716

Depreciation and amortization expense
249,071

 
70,377

 

 

 
319,448

Taxes, other than income
211,929

 
28,478

 

 

 
240,407

Operating income
513,724

 
221,904

 

 

 
735,628

Other non-operating expense
(9,777
)
 
(1,575
)
 

 

 
(11,352
)
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



Revenue from External Customers by Products and Services
The following table summarizes our revenues from external parties, excluding intersegment revenues, by products and services for the fiscal years ended September 30.
 
2019
 
2018
 
2017
 
(In thousands)
Distribution revenues:
 
 
 
 
 
Gas sales revenues:
 
 
 
 
 
Residential
$
1,733,548

 
$
1,916,101

 
$
1,642,918

Commercial
711,284

 
797,073

 
708,167

Industrial
118,046

 
131,267

 
133,372

Public authority and other
42,613

 
47,714

 
45,820

Total gas sales revenues
2,605,491

 
2,892,155

 
2,530,277

Transportation revenues
95,629

 
99,250

 
86,332

Other gas revenues
41,704

 
8,999

 
31,204

Total distribution revenues
2,742,824

 
3,000,404

 
2,647,813

Pipeline and storage revenues
159,024

 
115,142

 
111,922

Total operating revenues
$
2,901,848

 
$
3,115,546

 
$
2,759,735