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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 204 $ 241 $ 317
Restricted cash 98 99 227
Accounts receivable (less allowances for doubtful accounts of $77, $71 and $69, respectively) 1,188 878 1,578
Accrued utility revenues 120 33 147
Inventories 441 433 618
Derivative instruments 41 75 238
Prepaid expenses and other current assets 193 286 331
Total current assets 2,285 2,045 3,456
Property, plant and equipment, (less accumulated depreciation of $4,709, $4,581 and $4,344, respectively) 8,601 8,547 8,176
Goodwill 3,070 3,027 3,697
Intangible assets, net 430 443 488
Utility regulatory assets 298 302 314
Derivative instruments 15 49 187
Other assets 1,017 988 810
Total assets 15,716 15,401 17,128
Current liabilities:      
Current maturities of long-term debt 54 57 402
Short-term borrowings 557 649 991
Accounts payable 741 613 1,014
Derivative instruments 124 60 133
Other current liabilities 865 895 840
Total current liabilities 2,341 2,274 3,380
Long-term debt 6,769 6,543 6,323
Deferred income taxes 913 928 958
Derivative instruments 49 27 36
Other noncurrent liabilities 1,212 1,235 1,243
Total liabilities 11,284 11,007 11,940
Commitments and contingencies (Note 9)
UGI Corporation stockholders’ equity:      
Preferred stock, without par value (authorized – 5,000,000 shares; issued – 220,000, 220,000 and 220,000 Series A shares, respectively) 167 167 167
UGI Common Stock, without par value (authorized — 450,000,000 shares; issued — 210,908,238, 210,906,052 and 210,621,970 shares, respectively) 1,501 1,503 1,482
Retained earnings 3,042 3,027 3,808
Accumulated other comprehensive loss (232) (256) (231)
Treasury stock, at cost (55) (55) (46)
Total UGI Corporation stockholders’ equity 4,423 4,386 5,180
Noncontrolling interests 9 8 8
Total equity 4,432 4,394 5,188
Total liabilities and equity $ 15,716 $ 15,401 $ 17,128