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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Property, plant and equipment, at cost $ 11,012,300 $ 8,201,936
Less: accumulated depreciation 1,961,540 1,856,146
Net property, plant and equipment 9,050,760 6,345,790
Current assets:    
Cash and cash equivalents 7,227 1,868,922
Accounts receivable, net 152,902 67,137
Unbilled revenues 60,835 40,483
Inventory - materials and supplies 22,660 18,379
Inventory - gas stored 27,424  
Prepayments and other current assets 34,194 16,259
Regulatory assets 5,654 2,389
Assets held for sale 1,558 1,558
Total current assets 312,454 2,015,127
Regulatory assets 1,198,340 875,743
Deferred charges and other assets, net 53,636 42,652
Investment in joint venture 5,943 5,984
Funds restricted for construction activity 1,223  
Goodwill 2,333,535 63,822
Operating lease right-of-use assets 63,697 12,867
Intangible assets 8,820  
Total assets 13,028,408 9,361,985
Stockholders' equity:    
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 248,342,756 and 223,871,284 as of June 30, 2020 and December 31, 2019 124,171 111,935
Capital in excess of par value 3,366,695 2,636,555
Retained earnings 1,226,622 1,210,072
Treasury stock, at cost, 3,192,646 and 3,112,565 shares as of June 30, 2020 and December 31, 2019 (81,954) (77,702)
Total stockholders' equity 4,635,534 3,880,860
Long-term debt, excluding current portion 5,213,370 2,972,349
Less: debt issuance costs 38,769 29,022
Long-term debt, excluding current portion, net of debt issuance costs 5,174,601 2,943,327
Commitments and contingencies (See Note 15)
Current liabilities:    
Current portion of long-term debt 87,839 105,051
Loans payable 15,000 25,724
Accounts payable 124,117 74,919
Book overdraft 19,534 10,944
Accrued interest 42,430 29,818
Accrued taxes 30,735 22,775
Regulatory liabilities 28,046 4,612
Other accrued liabilities 100,478 49,618
Total current liabilities 448,179 323,461
Deferred credits and other liabilities:    
Deferred income taxes and investment tax credits 1,215,898 936,158
Customers' advances for construction 100,584 95,556
Regulatory liabilities 622,567 512,987
Asset retirement obligations 50,125  
Operating lease liabilities 59,338 11,645
Pension and other postretirement benefit liabilities 107,899 69,406
Other 50,405 33,059
Total deferred credits and other liabilities 2,206,816 1,658,811
Contributions in aid of construction 563,278 555,526
Total liabilities and equity $ 13,028,408 $ 9,361,985