XML 48 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information (Table)
12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Income statements and capital expenditures by segment are shown in the following tables.
 
Year Ended September 30, 2020
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,624,251

 
$
196,886

 
$

 
$
2,821,137

Intersegment revenues
2,742

 
412,453

 
(415,195
)
 

Total operating revenues
2,626,993

 
609,339

 
(415,195
)
 
2,821,137

Purchased gas cost
1,071,227

 
1,548

 
(413,921
)
 
658,854

Operation and maintenance expense
472,760

 
158,115

 
(1,274
)
 
629,601

Depreciation and amortization expense
309,582

 
120,246

 

 
429,828

Taxes, other than income
245,181

 
33,574

 

 
278,755

Operating income
528,243

 
295,856

 

 
824,099

Other non-operating income (expense)
(1,265
)
 
8,436

 

 
7,171

Interest charges
39,634

 
44,840

 

 
84,474

Income before income taxes
487,344

 
259,452

 

 
746,796

Income tax expense
91,680

 
53,673

 

 
145,353

Net income
$
395,664

 
$
205,779

 
$

 
$
601,443

Capital expenditures
$
1,466,631

 
$
469,045

 
$

 
$
1,935,676



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

 

 
8,080

Net income
$
442,966

 
$
160,098

 
$

 
$
603,064

Capital expenditures
$
1,025,800

 
$
441,791

 
$

 
$
1,467,591



The following table summarizes our revenues from external parties, excluding intersegment revenues, by products and services for the fiscal years ended September 30.
 
2020
 
2019
 
2018
 
(In thousands)
Distribution revenues:
 
 
 
 
 
Gas sales revenues:
 
 
 
 
 
Residential
$
1,717,070

 
$
1,733,548

 
$
1,916,101

Commercial
654,963

 
711,284

 
797,073

Industrial
89,641

 
118,046

 
131,267

Public authority and other
42,007

 
42,613

 
47,714

Total gas sales revenues
2,503,681

 
2,605,491

 
2,892,155

Transportation revenues
97,441

 
95,629

 
99,250

Other gas revenues
23,129

 
41,704

 
8,999

Total distribution revenues
2,624,251

 
2,742,824

 
3,000,404

Pipeline and storage revenues
196,886

 
159,024

 
115,142

Total operating revenues
$
2,821,137

 
$
2,901,848

 
$
3,115,546


Balance sheet information at September 30, 2020 and 2019 by segment is presented in the following tables.
 
September 30, 2020
 
Distribution
 
Pipeline and Storage
 
Eliminations
 
Consolidated
 
(In thousands)
Property, plant and equipment, net
$
9,944,978

 
$
3,410,369

 
$

 
$
13,355,347

Total assets
$
14,578,176

 
$
3,647,907

 
$
(2,867,051
)
 
$
15,359,032


 
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

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.
 
2020
 
2019
 
2018
 
(In thousands)
Distribution revenues:
 
 
 
 
 
Gas sales revenues:
 
 
 
 
 
Residential
$
1,717,070

 
$
1,733,548

 
$
1,916,101

Commercial
654,963

 
711,284

 
797,073

Industrial
89,641

 
118,046

 
131,267

Public authority and other
42,007

 
42,613

 
47,714

Total gas sales revenues
2,503,681

 
2,605,491

 
2,892,155

Transportation revenues
97,441

 
95,629

 
99,250

Other gas revenues
23,129

 
41,704

 
8,999

Total distribution revenues
2,624,251

 
2,742,824

 
3,000,404

Pipeline and storage revenues
196,886

 
159,024

 
115,142

Total operating revenues
$
2,821,137

 
$
2,901,848

 
$
3,115,546