Segment Information

12 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

— Segment Information

We have organized our business units into six reportable segments generally based upon products sold, geographic location and regulatory environment. Our reportable segments comprise: (1) AmeriGas Propane; (2) an international LPG segment comprising Antargaz; (3) an international LPG segment principally comprising Flaga and AvantiGas; (4) Gas Utility; (5) Energy Services; and (6) Electric Generation. We refer to both international segments together as "International Propane" and Energy Services and Electric Generation together as "Midstream & Marketing." In Fiscal 2012, the Company is reporting its Electric Generation operating segment as a separate reportable segment and our former Electric Utility reportable segment has been combined with Corporate & Other. Previously, the Electric Generation operating segment was included in the Energy Services' reportable segment. Prior years have been adjusted to conform to the current year presentation.

AmeriGas Propane derives its revenues principally from the sale of propane and related equipment and supplies to retail customers in all 50 states. Antargaz' revenues are derived principally from the distribution of LPG to retail customers in France and, to a much lesser extent, Belgium, the Netherlands and Luxembourg. Flaga & Other revenues are derived principally from the distribution of LPG to customers in northern, central and eastern Europe and the United Kingdom. Gas Utility’s revenues are derived principally from the sale and distribution of natural gas to customers in eastern, northeastern and central Pennsylvania. Energy Services revenues are derived from the sale of natural gas and, to a lesser extent, LPG, electricity and fuel oil as well as storage and other energy services to customers located primarily in the Mid-Atlantic region of the United States. Electric Generation revenues are derived principally from the sale of electricity through PJM, a regional electricity transmission organization in the eastern U.S.

The accounting policies of our reportable segments are the same as those described in Note 2. We evaluate AmeriGas Propane’s performance principally based upon the Partnership’s earnings before interest expense, income taxes, depreciation and amortization (“Partnership EBITDA”). Although we use Partnership EBITDA to evaluate AmeriGas Propane’s profitability, it should not be considered as an alternative to net income (as an indicator of operating performance) or as an alternative to cash flow (as a measure of liquidity or ability to service debt obligations) and is not a measure of performance or financial condition under GAAP. Our definition of Partnership EBITDA may be different from that used by other companies. We evaluate the performance of our other reportable segments principally based upon their income before income taxes.

No single customer represents more than ten percent of our consolidated revenues. In addition, all of our reportable segments’ revenues, other than those of International Propane, are derived from sources within the United States, and all of our reportable segments’ long-lived assets, other than those of International Propane, are located in the United States.

														Midstream & Marketing						International Propane
	Total			Elim- inations				AmeriGas Propane			Gas Utility			Energy Services			Electric Generation			Antargaz			Flaga & Other			Corporate & Other (b)
2012
Revenues	$	6,519.2		$	(178.8	)	(c)	$	2,921.6		$	785.4		$	816.4		$	43.0		$	1,121.3		$	824.7		$	185.6
Cost of sales	$	4,111.2		$	(174.0	)	(c)	$	1,719.7		$	402.5		$	703.8		$	27.1		$	685.5		$	640.3		$	106.3
Operating income (loss)	$	521.3		$	—			$	170.3		$	172.2		$	68.9		$	(6.5	)	$	88.2		$	23.6		$	4.6
Loss from equity investees	$	(0.3	)	—				—			—			—			—			(0.3		)	—			—
Loss on extinguishments of debt	$	(13.3	)	—				(13.3		)	—			—			—			—			—			—
Interest expense	$	(221.5	)	—				(142.6		)	(40.1		)	(4.8		)	—			(26.3		)	(4.6		)	(3.1		)
Income (loss) before income taxes	$	286.2		$	—			$	14.4		$	132.1		$	64.1		$	(6.5	)	$	61.6		$	19.0		$	1.5
Net income (loss) attributable to UGI	$	199.4		$	—			$	15.9		$	80.5		$	37.6		$	(1.2	)	$	51.3		$	13.8		$	1.5
Depreciation and amortization	$	316.0		$	—			$	169.1		$	49.0		$	3.7		$	9.0		$	57.1		$	22.1		$	6.0
Noncontrolling interests’ net (loss) income	$	(12.8	)	$	—			$	(13.0	)	$	—		$	—		$	—		$	0.2		$	—		$	—
Partnership EBITDA (a)								$	324.7
Total assets	$	9,709.7		$	(104.1	)		$	4,539.6		$	2,070.4		$	368.5		$	258.2		$	1,686.5		$	531.8		$	358.8
Bank loans	$	165.1		$	—			$	49.9		$	9.2		$	85.0		$	—		$	—		$	21.0		$	—
Capital expenditures	$	343.2		$	—			$	103.1		$	109.0		$	36.0		$	24.4		$	47.3		$	16.9		$	6.5
Investments in equity investees	$	0.3		$	—			$	—		$	—		$	—		$	—		$	—		$	0.3		$	—
Goodwill	$	2,818.3		$	—			$	1,919.2		$	182.1		$	2.8		$	—		$	612.0		$	95.2		$	7.0
2011
Revenues	$	6,091.3		$	(233.0	)	(c)	$	2,538.0		$	1,026.4		$	1,023.8		$	49.1		$	1,050.6		$	438.1		$	198.3
Cost of sales	$	4,010.9		$	(228.6	)	(c)	$	1,605.3		$	610.6		$	902.2		$	31.1		$	649.8		$	321.0		$	119.5
Operating income (loss)	$	616.0		$	—			$	242.9		$	199.6		$	84.2		$	(1.3	)	$	89.2		$	(3.1	)	$	4.5
Loss from equity investees	$	(0.9	)	—				—			—			—			—			(0.9		)	—			—
Loss on extinguishments of debt	$	(38.1	)	—				(38.1		)	—			—			—			—			—			—
Interest expense	$	(138.0	)	—				(63.5		)	(40.4		)	(2.0		)	(0.7		)	(25.5		)	(2.7		)	(3.2		)
Income (loss) before income taxes	$	439.0		$	—			$	141.3		$	159.2		$	82.2		$	(2.0	)	$	62.8		$	(5.8	)	$	1.3
Net income (loss) attributable to UGI	$	232.9		$	—			$	39.9		$	99.3		$	48.4		$	4.1		$	44.2		$	(3.2	)	$	0.2

Depreciation and amortization	$	227.9		$	—			$	94.7		$	48.4		$	2.4		$	5.6		$	52.1		$	18.5		$	6.2
Noncontrolling interests’ net income	$	75.3		$	—			$	75.0		$	—		$	—		$	—		$	0.3		$	—		$	—
Partnership EBITDA (a)								$	297.1
Total assets	$	6,663.3		$	(93.3	)		$	1,800.4		$	2,028.7		$	338.2		$	242.5		$	1,636.6		$	428.8		$	281.4
Bank loans	$	138.7		$	—			$	95.5		$	—		$	24.3		$	—		$	—		$	18.9		$	—
Capital expenditures	$	355.6		$	—			$	77.2		$	91.3		$	63.1		$	49.7		$	48.9		$	16.5		$	8.9
Investments in equity investees	$	0.3		$	—			$	—		$	—		$	—		$	—		$	—		$	0.3		$	—
Goodwill	$	1,562.2		$	—			$	696.3		$	182.1		$	2.8		$	—		$	591.8		$	82.2		$	7.0
2010
Revenues	$	5,591.4		$	(203.9	)	(c)	$	2,320.3		$	1,047.5		$	1,105.3		$	58.5		$	887.1		$	172.4		$	204.2
Cost of sales	$	3,584.0		$	(197.1	)	(c)	$	1,395.1		$	653.4		$	998.0		$	30.6		$	465.9		$	116.2		$	121.9
Operating income (loss)	$	659.2		$	—			$	235.8		$	175.3		$	110.8		$	9.2		$	115.1		$	1.9		$	11.1
Loss from equity investees	$	(2.1	)	—				—			—			—			—			(2.0		)	(0.1		)	—
Loss on extinguishments of debt				—				—			—			—			—			—			—			—
Interest expense	$	(133.8	)	—				(65.1		)	(40.5		)	(0.1		)	(0.1		)	(22.4		)	(3.0		)	(2.6		)
Income (loss) before income taxes	$	523.3		$	—			$	170.7		$	134.8		$	110.7		$	9.1		$	90.7		$	(1.2	)	$	8.5
Net income attributable to UGI	$	261.0		$	—			$	47.3		$	83.1		$	61.2		$	7.0		$	60.0		$	(1.2	)	$	3.6
Depreciation and amortization	$	210.2		$	—			$	87.4		$	49.5		$	3.3		$	4.4		$	48.9		$	11.5		$	5.2
Noncontrolling interests’ net income (loss)	$	94.7		$	—			$	91.1		$	—		$	3.3		$	—		$	0.3		$	—		$	—
Partnership EBITDA (a)								$	321.0
Total assets	$	6,374.0		$	(81.1	)		$	1,690.6		$	1,996.3		$	245.8		$	205.0		$	1,678.3		$	320.2		$	318.9
Bank loans	$	200.4		$	—			$	91.0		$	17.0		$	—		$	—		$	68.2		$	24.2		$	—
Capital expenditures	$	352.9		$	—			$	83.2		$	73.5		$	48.3		$	68.1		$	51.4		$	7.6		$	20.8
Investments in equity investees	$	0.4		$	—			$	—		$	—		$	—		$	—		$	—		$	0.4		$	—
Goodwill	$	1,562.7		$	—			$	683.1		$	180.1		$	2.8		$	—		$	602.7		$	87.0		$	7.0

(a) The following table provides a reconciliation of Partnership EBITDA to AmeriGas Propane operating income:

Year ended September 30,	2012			2011			2010
Partnership EBITDA	$	324.7		$	297.1		$	321.0
Depreciation and amortization	(169.1		)	(94.7		)	(87.4		)
Loss on extinguishments of debt	13.3			38.1			—
Noncontrolling interests (i)	1.4			2.4			2.2
Operating income	$	170.3		$	242.9		$	235.8

(i) Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.

(b) Corporate & Other results principally comprise Electric Utility, UGI Enterprises’ heating, ventilation, air-conditioning, refrigeration and electrical contracting businesses (“HVAC/R”), net expenses of UGI’s captive general liability insurance company, and UGI Corporation’s unallocated corporate and general expenses and interest income. Corporate & Other assets principally comprise cash, short-term investments, the assets of Electric Utility and HVAC/R, and an intercompany loan. The intercompany loan and associated interest is removed in the segment presentation.

(c) Principally represents the elimination of intersegment transactions principally among Midstream & Marketing, Gas Utility and AmeriGas Propane.