XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Statement of Comprehensive Income [Abstract]      
Operating Revenues $ 1,469,988us-gaap_RegulatedAndUnregulatedOperatingRevenue $ 1,278,229us-gaap_RegulatedAndUnregulatedOperatingRevenue $ 1,122,780us-gaap_RegulatedAndUnregulatedOperatingRevenue
Cost of Gas 779,780us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased 656,739us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased 547,334us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
Margin 690,208us-gaap_GrossProfit 621,490us-gaap_GrossProfit 575,446us-gaap_GrossProfit
Operating Expenses:      
Operations and maintenance 270,877us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations 253,120us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations 242,599us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
Depreciation 118,996us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization 112,207us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization 103,192us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization
General taxes 37,294us-gaap_UtilitiesOperatingExpenseTaxes 34,635us-gaap_UtilitiesOperatingExpenseTaxes 34,831us-gaap_UtilitiesOperatingExpenseTaxes
Utility income taxes 83,176pny_OperatingIncomeTaxExpenseBenefit 77,334pny_OperatingIncomeTaxExpenseBenefit 69,101pny_OperatingIncomeTaxExpenseBenefit
Total operating expenses 510,343us-gaap_UtilitiesOperatingExpense 477,296us-gaap_UtilitiesOperatingExpense 449,723us-gaap_UtilitiesOperatingExpense
Operating Income 179,865us-gaap_OperatingIncomeLoss 144,194us-gaap_OperatingIncomeLoss 125,723us-gaap_OperatingIncomeLoss
Other Income (Expense):      
Income from equity method investments 32,753us-gaap_IncomeLossFromEquityMethodInvestments 26,056us-gaap_IncomeLossFromEquityMethodInvestments 23,904us-gaap_IncomeLossFromEquityMethodInvestments
Non-operating income 1,842us-gaap_OtherNonoperatingIncome 2,839us-gaap_OtherNonoperatingIncome 1,288us-gaap_OtherNonoperatingIncome
Non-operating expense (4,331)us-gaap_OtherNonoperatingExpense (5,122)us-gaap_OtherNonoperatingExpense (1,855)us-gaap_OtherNonoperatingExpense
Income taxes (11,642)pny_NonOperatingIncomeTaxExpenseBenefit (8,612)pny_NonOperatingIncomeTaxExpenseBenefit (9,116)pny_NonOperatingIncomeTaxExpenseBenefit
Total other income (expense) 18,622us-gaap_NonoperatingIncomeExpense 15,161us-gaap_NonoperatingIncomeExpense 14,221us-gaap_NonoperatingIncomeExpense
Utility Interest Charges:      
Interest on long-term debt 61,562us-gaap_InterestExpenseLongTermDebt 54,158us-gaap_InterestExpenseLongTermDebt 41,412us-gaap_InterestExpenseLongTermDebt
Allowance for borrowed funds used during construction (16,427)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions (30,975)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions (25,211)us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
Other 9,551us-gaap_InterestExpenseOther 1,755us-gaap_InterestExpenseOther 3,896us-gaap_InterestExpenseOther
Total utility interest charges 54,686us-gaap_InterestExpense 24,938us-gaap_InterestExpense 20,097us-gaap_InterestExpense
Net Income 143,801us-gaap_NetIncomeLoss 134,417us-gaap_NetIncomeLoss 119,847us-gaap_NetIncomeLoss
Other Comprehensive Income (Loss), net of tax:      
Unrealized gain (loss) from hedging activities of equity method investments, net of tax of $225, ($69) and ($530) for the years ended October 31, 2014, 2013 and 2012, respectively 355us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (109)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (826)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Reclassification adjustment of realized gain (loss) from hedging activities of equity method investments included in net income, net of tax of ($177), $85 and $621 for the years ended October 31, 2014, 2013 and 2012, respectively (284)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 130us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 973us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Net current period benefit activities of equity method investments, net of tax of ($16) for the year ended October 31, 2014 (24)pny_OtherComprehensiveIncomeLossPensionCostsEquityInvesteeNetOfTax    
Total other comprehensive income 47us-gaap_OtherComprehensiveIncomeLossNetOfTax 21us-gaap_OtherComprehensiveIncomeLossNetOfTax 147us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive Income $ 143,848us-gaap_ComprehensiveIncomeNetOfTax $ 134,438us-gaap_ComprehensiveIncomeNetOfTax $ 119,994us-gaap_ComprehensiveIncomeNetOfTax
Average Shares of Common Stock:      
Basic (in shares) 77,883us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 74,884us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 71,977us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 78,193us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 75,333us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 72,278us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Earnings Per Share of Common Stock:      
Basic (usd per share) $ 1.85us-gaap_EarningsPerShareBasic $ 1.80us-gaap_EarningsPerShareBasic $ 1.67us-gaap_EarningsPerShareBasic
Diluted (usd per share) $ 1.84us-gaap_EarningsPerShareDiluted $ 1.78us-gaap_EarningsPerShareDiluted $ 1.66us-gaap_EarningsPerShareDiluted