XML 55 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Revenue from Contracts with Customers
 6 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customers
Note 4 — Revenue from Contracts with Customers

The Company recognizes revenue when control of promised goods or services is transferred to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. See Note 4 in the Company’s 2019 Annual Report for information on our revenues from contracts with customers.


Revenue Disaggregation
The following tables present our disaggregated revenues by reportable segment for the three and six months ended March 31, 2020 and 2019:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2020
 
 Total
 
 Eliminations
(a)
 
 AmeriGas Propane
 
 UGI International
 
 Midstream & Marketing
 
 UGI Utilities
 
 Corporate & Other
Revenues from contracts with customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Core Market:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
$
211.5

 
$
—

 
$
—

 
$
—

 
$
—

 
$
211.5

 
$
—

Commercial & Industrial
 
95.1

 
—

 
—

 
—

 
—

 
95.1

 
—

Large delivery service
 
41.4

 
—

 
—

 
—

 
—

 
41.4

 
—

Off-system sales and capacity releases
 
22.8

 
(15.9
)
 
—

 
—

 
—

 
38.7

 
—

Other
 
4.5

 
(0.6
)
 
—

 
—

 
—

 
5.1

 
—

Total Utility
 
375.3

 
(16.5
)
 
—

 
—

 
—

 
391.8

 
—

Non-Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LPG:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
1,194.3

 
—

 
712.2

 
482.1

 
—

 
—

 
—

Wholesale
 
74.0

 
—

 
18.8

 
55.2

 
—

 
—

 
—

Energy Marketing
 
419.1

 
(22.3
)
 
—

 
144.5

 
296.9

 
—

 
—

Midstream:
 


 
 
 
 
 
 
 
 
 
 
 
 
Pipeline
 
45.1

 
—

 
—

 
—

 
45.1

 
—

 
—

Peaking
 
2.8

 
(54.3
)
 
—

 
—

 
57.1

 
—

 
—

Other
 
1.7

 
—

 
—

 
—

 
1.7

 
—

 
—

Electricity Generation
 
7.8

 
—

 
—

 
—

 
7.8

 
—

 
—

Other
 
81.8

 
(0.7
)
 
55.9

 
17.4

 
9.2

 
—

 
—

Total Non-Utility
 
1,826.6

 
(77.3
)
 
786.9

 
699.2

 
417.8

 
—

 
—

Total revenues from contracts with customers
 
2,201.9

 
(93.8
)
 
786.9

 
699.2

 
417.8

 
391.8

 
—

Other revenues (b)
 
27.0

 
(0.7
)
 
15.1

 
4.2

 
4.4

 
0.8

 
3.2

Total revenues
 
$
2,228.9

 
$
(94.5
)
 
$
802.0

 
$
703.4

 
$
422.2

 
$
392.6

 
$
3.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
 Total
 
 Eliminations
(a)
 
 AmeriGas Propane
 
 UGI International
 
 Midstream & Marketing
 
 UGI Utilities
 
 Corporate & Other
Revenues from contracts with customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Core Market:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
$
240.3

 
$
—

 
$
—

 
$
—

 
$
—

 
$
240.3

 
$
—

Commercial & Industrial
 
100.7

 
—

 
—

 
—

 
—

 
100.7

 
—

Large delivery service
 
44.1

 
—

 
—

 
—

 
—

 
44.1

 
—

Off-system sales and capacity releases
 
21.9

 
(24.5
)
 
—

 
—

 
—

 
46.4

 
—

Other (c)
 
(3.3
)
 
(0.8
)
 
—

 
—

 
—

 
(2.5
)
 
—

Total Utility
 
403.7

 
(25.3
)
 
—

 
—

 
—

 
429.0

 
—

Non-Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LPG:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
1,405.6

 
—

 
874.6

 
531.0

 
—

 
—

 
—

Wholesale
 
93.8

 
—

 
25.2

 
68.6

 
—

 
—

 
—

Energy Marketing
 
552.1

 
(46.4
)
 
—

 
162.7

 
435.8

 
—

 
—

Midstream:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pipeline
 
22.4

 
—

 
—

 
—

 
22.4

 
—

 
—

Peaking
 
8.1

 
(51.7
)
 
—

 
—

 
59.8

 
—

 
—

Other
 
0.7

 
—

 
—

 
—

 
0.7

 
—

 
—

Electricity Generation
 
11.6

 
—

 
—

 
—

 
11.6

 
—

 
—

Other
 
79.5

 
(0.7
)
 
57.1

 
12.7

 
10.4

 
—

 
—

Total Non-Utility
 
2,173.8

 
(98.8
)
 
956.9

 
775.0

 
540.7

 
—

 
—

Total revenues from contracts with customers
 
2,577.5

 
(124.1
)
 
956.9

 
775.0

 
540.7

 
429.0

 
—

Other revenues (b)
 
28.6

 
(0.7
)
 
14.7

 
8.2

 
1.7

 
0.6

 
4.1

Total revenues
 
$
2,606.1

 
$
(124.8
)
 
$
971.6

 
$
783.2

 
$
542.4

 
$
429.6

 
$
4.1

Six Months Ended March 31, 2020
 
 Total
 
 Eliminations
(a)
 
 AmeriGas Propane
 
 UGI International
 
 Midstream & Marketing
 
 UGI Utilities
 
 Corporate & Other
Revenues from contracts with customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Core Market:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
$
395.6

 
$
—

 
$
—

 
$
—

 
$
—

 
$
395.6

 
$
—

Commercial & Industrial
 
163.0

 
—

 
—

 
—

 
—

 
163.0

 
—

Large delivery service
 
82.7

 
—

 
—

 
—

 
—

 
82.7

 
—

Off-system sales and capacity releases
 
39.2

 
(30.0
)
 
—

 
—

 
—

 
69.2

 
—

Other
 
8.9

 
(1.2
)
 
—

 
—

 
—

 
10.1

 
—

Total Utility
 
689.4

 
(31.2
)
 
—

 
—

 
—

 
720.6

 
—

Non-Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LPG:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
2,288.7

 
—

 
1,343.4

 
945.3

 
—

 
—

 
—

Wholesale
 
139.8

 
—

 
40.8

 
99.0

 
—

 
—

 
—

Energy Marketing
 
782.0

 
(47.9
)
 
—

 
268.4

 
561.5

 
—

 
—

Midstream:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pipeline
 
88.3

 
—

 
—

 
—

 
88.3

 
—

 
—

Peaking
 
6.7

 
(92.0
)
 
—

 
—

 
98.7

 
—

 
—

Other
 
3.5

 
—

 
—

 
—

 
3.5

 
—

 
—

Electricity Generation
 
16.6

 
—

 
—

 
—

 
16.6

 
—

 
—

Other
 
162.7

 
(1.6
)
 
115.1

 
29.7

 
19.5

 
—

 
—

Total Non-Utility
 
3,488.3

 
(141.5
)
 
1,499.3

 
1,342.4

 
788.1

 
—

 
—

Total revenues from contracts with customers
 
4,177.7

 
(172.7
)
 
1,499.3

 
1,342.4

 
788.1

 
720.6

 
—

Other revenues (b)
 
57.8

 
(1.5
)
 
33.1

 
12.4

 
6.6

 
1.3

 
5.9

Total revenues
 
$
4,235.5

 
$
(174.2
)
 
$
1,532.4

 
$
1,354.8

 
$
794.7

 
$
721.9

 
$
5.9


Six Months Ended March 31, 2019
 
 Total
 
 Eliminations
(a)
 
 AmeriGas Propane
 
 UGI International
 
 Midstream & Marketing
 
 UGI Utilities
 
 Corporate & Other
Revenues from contracts with customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Core Market:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
$
416.0

 
$
—

 
$
—

 
$
—

 
$
—

 
$
416.0

 
$
—

Commercial & Industrial
 
168.3

 
—

 
—

 
—

 
—

 
168.3

 
—

Large delivery service
 
83.6

 
—

 
—

 
—

 
—

 
83.6

 
—

Off-system sales and capacity releases
 
37.1

 
(47.4
)
 
—

 
—

 
—

 
84.5

 
—

Other (c)
 
(2.8
)
 
(1.5
)
 
—

 
—

 
—

 
(1.3
)
 
—

Total Utility
 
702.2

 
(48.9
)
 
—

 
—

 
—

 
751.1

 
—

Non-Utility:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LPG:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
2,635.3

 
—

 
1,596.5

 
1,038.8

 
—

 
—

 
—

Wholesale
 
153.8

 
—

 
46.2

 
107.6

 
—

 
—

 
—

Energy Marketing
 
1,021.0

 
(93.9
)
 
—

 
305.8

 
809.1

 
—

 
—

Midstream:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pipeline
 
41.8

 
—

 
—

 
—

 
41.8

 
—

 
—

Peaking
 
10.1

 
(90.4
)
 
—

 
—

 
100.5

 
—

 
—

Other
 
1.7

 
—

 
—

 
—

 
1.7

 
—

 
—

Electricity Generation
 
23.3

 
—

 
—

 
—

 
23.3

 
—

 
—

Other
 
163.5

 
(1.4
)
 
117.7

 
25.1

 
22.1

 
—

 
—

Total Non-Utility
 
4,050.5

 
(185.7
)
 
1,760.4

 
1,477.3

 
998.5

 
—

 
—

Total revenues from contracts with customers
 
4,752.7

 
(234.6
)
 
1,760.4

 
1,477.3

 
998.5

 
751.1

 
—

Other revenues (b)
 
53.6

 
(1.8
)
 
31.4

 
16.6

 
3.3

 
1.2

 
2.9

Total revenues
 
$
4,806.3

 
$
(236.4
)
 
$
1,791.8

 
$
1,493.9

 
$
1,001.8

 
$
752.3

 
$
2.9


(a)
Includes intersegment revenues principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(b)
Primarily represents revenues from tank rentals at AmeriGas Propane and UGI International, revenues from certain gathering assets at Midstream & Marketing, and gains and losses on commodity derivative instruments not associated with current-period transactions reflected in Corporate & Other, none of which are within the scope of ASC 606 and are accounted for in accordance with other GAAP.
(c)
UGI Utilities includes an unallocated negative surcharge revenue reduction of $(10.5) and $(14.6) for the three and six months ended March 31, 2019 as a result of a PAPUC Order issued May 17, 2018, related to the TCJA.

Contract Balances
The timing of revenue recognition may differ from the timing of invoicing to customers or cash receipts. Contract assets represent our right to consideration after the performance obligations have been satisfied when such right is conditioned on something other than the passage of time. Contract assets were not material for all periods presented. Substantially all of our receivables are unconditional rights to consideration and are included in “Accounts receivable” and, in the case of UGI Utilities, “Accrued utility revenues” on the Condensed Consolidated Balance Sheets. Amounts billed are generally due within the following month.
Contract liabilities arise when payment from a customer is received before the performance obligations have been satisfied and represent the Company’s obligations to transfer goods or services to a customer for which we have received consideration. The balances of contract liabilities were $62.2, $114.1 and $60.4 at March 31, 2020, September 30, 2019 and March 31, 2019, respectively, and are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets. Revenues recognized for the six months ended March 31, 2020 and 2019, from the amounts included in contract liabilities at September 30, 2019 and October 1, 2018, were $82.2 and $82.8, respectively.

Remaining Performance Obligations
The Company has elected to use practical expedients as allowed in ASC 606 to exclude disclosures related to the aggregate amount of the transaction price allocated to certain performance obligations that are unsatisfied as of the end of the reporting period because these contracts have an initial expected term of one year or less, or we have a right to bill the customer in an amount that corresponds directly with the value of services provided to the customer to date. Certain contracts with customers at Midstream & Marketing and UGI Utilities contain minimum future performance obligations through 2047 and 2053, respectively. At March 31, 2020, Midstream & Marketing and UGI Utilities expect to record approximately $2.0 billion and $0.2 billion of revenues, respectively, related to the minimum future performance obligations over the remaining terms of the related contracts.