Segment Information

12 Months Ended

Dec. 31, 2012

Segment Information [Abstract]

Segment Information

Note 17 – Segment Information

The Company has twelve operating segments and one reportable segment.  The Regulated segment, the Company’s single reportable segment, is comprised of ten operating segments representing our water and wastewater regulated utility companies which are organized by the states where we provide water and wastewater services.  These operating segments are aggregated into one reportable segment since each of these operating segments has the following similarities: economic characteristics, nature of services, production processes, customers, water distribution or wastewater collection methods, and the nature of the regulatory environment.  Two of our operating segments have been classified as discontinued operations, and are excluded from the Regulated segment disclosure of our continuing operations.

Two operating segments are included within the other category below.  These segments are not quantitatively significant and are comprised of the Company’s businesses that provide sludge hauling, septage and grease services, backflow prevention services, certain other non-regulated water and wastewater services, and non-utility raw water supply services for firms in the natural gas and oil drilling industry.  In addition to these segments, other is comprised of other business activities not included in the reportable segment, including corporate costs that have not been allocated to the Regulated segment and intersegment eliminations.  Corporate costs include certain general and administrative expenses, and interest expense.

The following table presents information about the Company’s reportable segment:

				2012						2011
				Other and						Other and
		Regulated		Eliminations		Consolidated		Regulated		Eliminations		Consolidated
Operating revenues	$	740,030	$	17,730	$	757,760	$	674,927	$	12,364	$	687,291
Operations and maintenance expense		259,847		11,996		271,843		243,137		13,606		256,743
Depreciation		113,139		(1,372)		111,767		104,681		(1,269)		103,412
Operating income (loss)		316,602		4,915		321,517		282,587		(1,788)		280,799
Interest expense, net of AFUDC		67,433		6,182		73,615		64,990		5,664		70,654
Income tax		66,821		60		66,881		72,336		(3,225)		69,111
Income (loss) from continuing operations		182,769		1,318		184,087		145,493		(3,810)		141,683
Capital expenditures		346,676		1,309		347,985		324,433		1,375		325,808
Total assets		4,566,327		292,190		4,858,517		4,183,758		164,662		4,348,420
Goodwill		24,031		4,121		28,152		22,823		4,121		26,944
				2010
				Other and
		Regulated		Eliminations		Consolidated
Operating revenues	$	648,768	$	11,418	$	660,186
Operations and maintenance expense		238,093		12,896		250,989
Depreciation		101,644		(1,038)		100,606
Operating income (loss)		259,372		(2,038)		257,334
Interest expense, net of AFUDC		63,170		5,392		68,562
Income tax		77,318		(2,378)		74,940
Income (loss) from continuing operations		119,292		(2,913)		116,379
Capital expenditures		307,726		408		308,134
Total assets		3,986,819		85,647		4,072,466
Goodwill		23,797		4,121		27,918