XML 107 R110.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information - Schedule of Segment Reporting (Details) (USD $)
3 Months Ended 12 Months Ended
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Segment Reporting Information                      
Revenues $ 1,311,400,000 $ 1,486,700,000 $ 3,163,300,000 $ 2,315,900,000 [1] $ 1,259,000,000 [2] $ 1,374,300,000 $ 2,542,700,000 $ 2,018,700,000 $ 8,277,300,000 $ 7,194,700,000 $ 6,521,300,000
Cost of sales                 5,175,700,000 4,324,400,000 4,099,100,000
Operating income (loss) (9,400,000) 62,700,000 588,600,000 363,700,000 [1] (12,300,000) [2] 41,500,000 507,700,000 294,200,000 1,005,600,000 831,100,000 538,600,000
Loss from equity investees                 (100,000) (400,000) (300,000)
Loss on extinguishments of debt                 0 0 (13,300,000)
Interest expense                 (237,700,000) (240,300,000) (220,400,000)
Income (loss) before income taxes                 767,800,000 590,400,000 304,600,000
Net income (loss) attributable to UGI (19,800,000) 20,600,000 214,400,000 122,000,000 [1] (14,200,000) [2] 9,100,000 180,700,000 102,500,000 337,200,000 278,100,000 210,200,000
Depreciation and amortization                 362,900,000 363,100,000 315,000,000
Noncontrolling interests’ net income (loss)                 195,400,000 149,500,000 (12,500,000)
Partnership EBITDA (a)                 655,300,000 [3]    
Total assets 10,093,000,000       10,008,800,000       10,093,000,000 10,008,800,000 9,676,900,000
Short-term borrowings 210,800,000       227,900,000       210,800,000 227,900,000 165,100,000
Property, Plant and Equipment, Additions                 436,400,000 489,100,000 343,200,000
Investments in equity investees 600,000       300,000       600,000 300,000 300,000
Goodwill 2,833,400,000       2,873,700,000       2,833,400,000 2,873,700,000 2,818,300,000
Eliminations
                     
Segment Reporting Information                      
Revenues                 (321,300,000) [4] (223,800,000) [4] (178,800,000) [4]
Cost of sales                 (317,700,000) [4] (217,500,000) [4] (174,000,000) [4]
Operating income (loss)                 200,000 (1,100,000) 0
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                     0
Interest expense                 0 0 0
Income (loss) before income taxes                 200,000 (1,100,000) 0
Net income (loss) attributable to UGI                    (600,000) 0
Depreciation and amortization                 0 0 0
Noncontrolling interests’ net income (loss)                 0 0 0
Partnership EBITDA (a)                    [3]    
Total assets (86,500,000)       (100,300,000)       (86,500,000) (100,300,000) (104,100,000)
Short-term borrowings 0       0       0 0 0
Property, Plant and Equipment, Additions                    (1,100,000) 0
Investments in equity investees 0       0       0 0 0
Goodwill 0       0       0 0 0
AmeriGas Propane
                     
Segment Reporting Information                      
Revenues                 3,712,900,000 3,168,800,000 2,921,500,000
Cost of sales                 2,107,100,000 1,657,200,000 1,722,400,000
Operating income (loss)                 472,000,000 394,400,000 168,700,000
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                 0 0 (13,300,000)
Interest expense                 (165,600,000) (166,600,000) (141,500,000)
Income (loss) before income taxes                 306,400,000 227,800,000 13,900,000
Net income (loss) attributable to UGI                 63,000,000 47,500,000 15,400,000
Depreciation and amortization                 197,200,000 205,900,000 168,100,000
Noncontrolling interests’ net income (loss)                 195,800,000 149,600,000 (12,700,000)
Partnership EBITDA (a)                 664,800,000 [3] 596,500,000 [3] 322,100,000 [3]
Total assets 4,377,000,000       4,429,300,000       4,377,000,000 4,429,300,000 4,533,800,000
Short-term borrowings 109,000,000       116,900,000       109,000,000 116,900,000 49,900,000
Property, Plant and Equipment, Additions                 113,900,000 111,100,000 103,100,000
Investments in equity investees 0       0       0 0 0
Goodwill 1,945,100,000       1,941,000,000       1,945,100,000 1,941,000,000 1,919,200,000
Gas Utility
                     
Segment Reporting Information                      
Revenues                 977,300,000 839,000,000 785,400,000
Cost of sales                 496,800,000 407,200,000 402,500,000
Operating income (loss)                 236,200,000 196,500,000 174,100,000
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                     0
Interest expense                 (36,600,000) (37,400,000) (40,100,000)
Income (loss) before income taxes                 199,600,000 159,100,000 134,000,000
Net income (loss) attributable to UGI                 118,800,000 94,300,000 81,600,000
Depreciation and amortization                 54,800,000 51,700,000 49,000,000
Noncontrolling interests’ net income (loss)                 0 0 0
Partnership EBITDA (a)                    [3]    
Total assets 2,214,100,000       2,069,000,000       2,214,100,000 2,069,000,000 2,045,500,000
Short-term borrowings 86,300,000       17,500,000       86,300,000 17,500,000 9,200,000
Property, Plant and Equipment, Additions                 156,400,000 144,400,000 109,000,000
Investments in equity investees 0       0       0 0 0
Goodwill 182,100,000       182,100,000       182,100,000 182,100,000 182,100,000
Energy Services
                     
Segment Reporting Information                      
Revenues                 1,305,500,000 969,400,000 816,400,000
Cost of sales                 1,058,800,000 836,900,000 701,900,000
Operating income (loss)                 180,500,000 82,500,000 70,800,000
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                     0
Interest expense                 (2,900,000) (3,200,000) (4,800,000)
Income (loss) before income taxes                 177,600,000 79,300,000 66,000,000
Net income (loss) attributable to UGI                 105,200,000 46,300,000 38,700,000
Depreciation and amortization                 12,300,000 7,600,000 3,700,000
Noncontrolling interests’ net income (loss)                 0 0 0
Partnership EBITDA (a)                    [3]    
Total assets 569,000,000       501,200,000       569,000,000 501,200,000 368,500,000
Short-term borrowings 7,500,000       87,000,000       7,500,000 87,000,000 85,000,000
Property, Plant and Equipment, Additions                 67,800,000 133,800,000 36,000,000
Investments in equity investees 0       0       0 0 0
Goodwill 5,600,000       2,800,000       5,600,000 2,800,000 2,800,000
Electric Generation
                     
Segment Reporting Information                      
Revenues                 85,100,000 71,400,000 43,900,000
Cost of sales                 39,600,000 39,900,000 28,000,000
Operating income (loss)                 18,100,000 7,500,000 (6,500,000)
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                     0
Interest expense                 0 0 0
Income (loss) before income taxes                 18,100,000 7,500,000 (6,500,000)
Net income (loss) attributable to UGI                 12,600,000 6,200,000 (1,000,000)
Depreciation and amortization                 10,700,000 10,000,000 9,000,000
Noncontrolling interests’ net income (loss)                 0 0 0
Partnership EBITDA (a)                    [3]    
Total assets 277,700,000       269,700,000       277,700,000 269,700,000 258,200,000
Short-term borrowings 0       0       0 0 0
Property, Plant and Equipment, Additions                 15,600,000 22,600,000 24,400,000
Investments in equity investees 0       0       0 0 0
Goodwill 0       0       0 0 0
Antargaz
                     
Segment Reporting Information                      
Revenues                 1,295,500,000 1,322,600,000 1,121,400,000
Cost of sales                 848,100,000 845,000,000 685,500,000
Operating income (loss)                 79,100,000 111,400,000 88,300,000
Loss from equity investees                 (100,000) (400,000) (300,000)
Loss on extinguishments of debt                     0
Interest expense                 (25,100,000) (25,300,000) (26,300,000)
Income (loss) before income taxes                 53,900,000 85,700,000 61,700,000
Net income (loss) attributable to UGI                 20,600,000 57,200,000 51,400,000
Depreciation and amortization                 54,500,000 57,600,000 57,100,000
Noncontrolling interests’ net income (loss)                 (400,000) (200,000) 200,000
Partnership EBITDA (a)                    [3]    
Total assets 1,659,100,000       1,784,400,000       1,659,100,000 1,784,400,000 1,686,500,000
Short-term borrowings 0       0       0 0 0
Property, Plant and Equipment, Additions                 50,200,000 53,400,000 47,300,000
Investments in equity investees 0       0       0 0 0
Goodwill 601,200,000       643,700,000       601,200,000 643,700,000 612,000,000
Flaga & Other
                     
Segment Reporting Information                      
Revenues                 1,026,900,000 856,600,000 824,700,000
Cost of sales                 809,900,000 653,400,000 640,300,000
Operating income (loss)                 38,400,000 35,600,000 23,600,000
Loss from equity investees                 0 0 0
Loss on extinguishments of debt                     0
Interest expense                 (4,900,000) (5,100,000) (4,600,000)
Income (loss) before income taxes                 33,500,000 30,500,000 19,000,000
Net income (loss) attributable to UGI                 27,700,000 25,500,000 13,800,000
Depreciation and amortization                 27,100,000 24,100,000 22,100,000
Noncontrolling interests’ net income (loss)                 0 100,000 0
Partnership EBITDA (a)                    [3]    
Total assets 643,600,000       667,100,000       643,600,000 667,100,000 531,800,000
Short-term borrowings 8,000,000       6,500,000       8,000,000 6,500,000 21,000,000
Property, Plant and Equipment, Additions                 23,000,000 17,400,000 16,900,000
Investments in equity investees 600,000       300,000       600,000 300,000 300,000
Goodwill 92,400,000       97,100,000       92,400,000 97,100,000 95,200,000
Corporate & Other
                     
Segment Reporting Information                      
Revenues                 195,400,000 [5] 190,700,000 [5] 186,800,000 [5]
Cost of sales                 133,100,000 [5] 102,300,000 [5] 92,500,000 [5]
Operating income (loss)                 (18,900,000) [5] 4,300,000 [5] 19,600,000 [5]
Loss from equity investees                 0 [5] 0 [5] 0
Loss on extinguishments of debt                     0
Interest expense                 (2,600,000) [5] (2,700,000) [5] (3,100,000) [5]
Income (loss) before income taxes                 (21,500,000) [5] 1,600,000 [5] 16,500,000 [5]
Net income (loss) attributable to UGI                 (10,700,000) [5] 1,700,000 [5] 10,300,000 [5]
Depreciation and amortization                 6,300,000 [5] 6,200,000 [5] 6,000,000 [5]
Noncontrolling interests’ net income (loss)                 0 [5] 0 [5] 0 [5]
Partnership EBITDA (a)                 (9,500,000) [3],[5]    
Total assets 439,000,000 [5]       388,400,000 [5]       439,000,000 [5] 388,400,000 [5] 356,700,000 [5]
Short-term borrowings 0 [5]       0 [5]       0 [5] 0 [5] 0 [5]
Property, Plant and Equipment, Additions                 9,500,000 [5] 7,500,000 [5] 6,500,000 [5]
Investments in equity investees 0 [5]       0 [5]       0 [5] 0 [5] 0
Goodwill $ 7,000,000 [5]       $ 7,000,000 [5]       $ 7,000,000 [5] $ 7,000,000 [5] $ 7,000,000 [5]
[1] Includes income tax expense of $5.7 to reflect the retroactive effects to Fiscal 2013 of new tax legislation in France regarding the deductibility of certain interest expense which decreased net income attributable to UGI Corporation by $5.7 or $0.03 per diluted share (see Note 7).
[2] Includes impairment loss on private equity partnership investment which increased operating loss by $6.3 and net loss attributable to UGI Corporation by $3.7 or $0.02 per share (see Note 2).
[3] The following table provides a reconciliation of Partnership EBITDA to AmeriGas Propane operating income: 2014 2013 2012Partnership EBITDA $664.8 $596.5 $322.1Depreciation and amortization (197.2) (205.9) (168.1)Loss on extinguishments of debt — — 13.3Noncontrolling interests (i) 4.4 3.8 1.4Operating income $472.0 $394.4 $168.7(i)Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
[4] epresents the elimination of intersegment transactions principally among Midstream & Marketing, Gas Utility and AmeriGas Propane.
[5] Corporate & Other results principally comprise (1) Electric Utility, (2) Enterprises’ heating, ventilation, air-conditioning, refrigeration and electrical contracting businesses (“HVAC”), (3) net expenses of UGI’s captive general liability insurance company, (4) UGI Corporation’s unallocated corporate and general expenses and interest income and (5) net (losses) gains on Midstream & Marketing’s unsettled commodity derivative instruments and certain settled commodity derivative instruments not associated with current period transactions, and net (losses) gains on AmeriGas Propane’s unsettled commodity derivative instruments entered into beginning April 1, 2014, totaling $(18.0), $7.4 and $15.1 in Fiscal 2014, Fiscal 2013 and Fiscal 2012, respectively. Corporate & Other assets principally comprise cash, short-term investments, the assets of Electric Utility and HVAC, and an intercompany loan. The intercompany loan and associated interest is removed in the segment presentation.