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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2020
Acquisitions [Abstract]  
Schedule Of Purchase Price Allocation

Base purchase price

$

4,275,000 

Adjustments:

Estimated change in working capital

43,935 

Certain estimated capital expenditures

247,500 

Assumption of indebtedness

(1,101,091)

Cash consideration

$

3,465,344 

Preliminary Purchase Price Allocation

March 16,

2020

Property, plant and equipment, net

$

2,468,946 

Current assets

242,531 

Regulatory assets

281,940 

Goodwill

2,269,437 

Other long-term assets

82,296 

Total assets acquired

5,345,150 

Current portion of long-term debt

5,136 

Loans payable

181,000 

Other current liabilities

183,971 

Long-term debt

999,460 

Deferred income taxes

232,160 

Regulatory liabilities

123,029 

Other long-term liabilities

155,050 

Total liabilities assumed

1,879,806 

Net assets acquired

$

3,465,344 

Pro Forma Summary

Three Months Ended

Six Months Ended

June 30,

June 30,

2020

2019

2020

2019

Operating revenues

$

384,468

$

351,758

$

921,121

$

950,421

Net income

74,629

54,530

211,921

122,605