XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues $ 605,553 $ 492,995 $ 2,839,106 $ 2,346,223
Purchased gas cost 86,870 26,072 948,939 640,823
Operation and maintenance expense 184,470 149,460 479,488 449,529
Depreciation and amortization expense 119,348 107,104 353,269 318,082
Taxes, other than income 81,475 71,324 243,376 214,535
Operating income 133,390 139,035 814,034 723,254
Other non-operating income 5,887 7,235 14,793 9,133
Interest charges 20,962 19,580 69,068 68,980
Income before income taxes 118,315 126,690 759,759 663,407
Income tax expense 15,904 8,899 142,916 127,297
Net income $ 102,411 $ 117,791 $ 616,843 $ 536,110
Basic net income per share (USD per share) $ 0.78 $ 0.96 $ 4.77 $ 4.38
Diluted net income per share (USD per share) 0.78 0.96 4.77 4.37
Cash dividends per share (USD per share) $ 0.625 $ 0.575 $ 1.875 $ 1.725
Basic weighted average shares outstanding (in shares) 131,358 123,026 129,185 122,352
Diluted weighted average shares outstanding (in shares) 131,486 123,032 129,229 122,463
Other comprehensive income (loss), net of tax        
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $(11) and $96 $ (36) $ 364 $ (165) $ 200
Cash flow hedges:        
Amortization and unrealized loss on interest rate agreements, net of tax of $(22,890) and $(1,115) (79,196) (4,450) 118,993 (2,344)
Total other comprehensive income (loss) (79,232) (4,086) 118,828 (2,144)
Total comprehensive income 23,179 113,705 735,671 533,966
Distribution segment        
Operating revenues 557,931 434,650 2,715,644 2,194,786
Pipeline and storage segment        
Operating revenues 47,622 58,345 123,462 151,437
Operating Segments | Distribution segment        
Operating revenues 558,750 435,308 2,718,074 2,196,817
Purchased gas cost 202,050 126,093 1,304,269 942,586
Operation and maintenance expense 130,454 107,537 363,246 337,740
Depreciation and amortization expense 86,099 77,187 254,636 229,526
Taxes, other than income 72,024 61,980 214,991 190,636
Operating income 68,123 62,511 580,932 496,329
Other non-operating income 1,060 5,167 1,135 1,930
Income before income taxes 60,643 59,709 548,798 463,131
Income tax expense 7,354 810 109,481 87,411
Net income 53,289 58,899 439,317 375,720
Operating Segments | Pipeline and storage segment        
Operating revenues 162,987 158,008 476,868 452,421
Purchased gas cost 691 (11) (440) 290
Operation and maintenance expense 54,329 42,234 117,188 112,751
Depreciation and amortization expense 33,249 29,917 98,633 88,556
Taxes, other than income 9,451 9,344 28,385 23,899
Operating income 65,267 76,524 233,102 226,925
Other non-operating income 4,827 2,068 13,658 7,203
Income before income taxes 57,672 66,981 210,961 200,276
Income tax expense 8,550 8,089 33,435 39,886
Net income 49,122 58,892 177,526 160,390
Eliminations        
Operating revenues (116,184) (100,321) (355,836) (303,015)
Purchased gas cost (115,871) (100,010) (354,890) (302,053)
Operation and maintenance expense (313) (311) (946) (962)
Depreciation and amortization expense 0 0 0 0
Taxes, other than income 0 0 0 0
Operating income 0 0 0 0
Other non-operating income 0 0 0 0
Income before income taxes 0 0 0 0
Income tax expense 0 0 0 0
Net income 0 0 0 0
Eliminations | Distribution segment        
Operating revenues 819 658 2,430 2,031
Eliminations | Pipeline and storage segment        
Operating revenues 115,365 99,663 353,406 300,984
Purchased gas cost        
Purchased gas cost 86,870 26,072 948,939 640,823
Purchased gas cost | Operating Segments | Distribution segment        
Purchased gas cost 202,050 126,093 1,304,269 942,586
Purchased gas cost | Operating Segments | Pipeline and storage segment        
Purchased gas cost 691 (11) (440) 290
Purchased gas cost | Eliminations        
Purchased gas cost $ (115,871) $ (100,010) $ (354,890) $ (302,053)