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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 263 $ 241 $ 321
Restricted cash 45 99 82
Accounts receivable (less allowances for doubtful accounts of $83, $71 and $80, respectively) 1,192 878 1,487
Accrued utility revenues 98 33 94
Inventories 375 433 433
Derivative instruments 38 75 110
Prepaid expenses and other current assets 203 286 233
Total current assets 2,214 2,045 2,760
Property, plant and equipment, (less accumulated depreciation of $4,781, $4,581 and $4,427, respectively) 8,608 8,547 8,255
Goodwill 3,048 3,027 3,709
Intangible assets, net 415 443 472
Utility regulatory assets 301 302 314
Derivative instruments 18 49 67
Other assets 1,020 988 852
Total assets 15,624 15,401 16,429
Current liabilities:      
Current maturities of long-term debt 54 57 62
Short-term borrowings 333 649 453
Accounts payable 579 613 757
Derivative instruments 33 60 117
Other current liabilities 824 895 884
Total current liabilities 1,823 2,274 2,273
Long-term debt 6,730 6,543 6,702
Deferred income taxes 1,030 928 958
Derivative instruments 26 27 48
Other noncurrent liabilities 1,184 1,235 1,234
Total liabilities 10,793 11,007 11,215
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 — 211,052,608, 210,906,052 and 210,730,077 shares, respectively) 1,505 1,503 1,492
Retained earnings 3,460 3,027 3,842
Accumulated other comprehensive loss (254) (256) (241)
Treasury stock, at cost (56) (55) (55)
Total UGI Corporation stockholders’ equity 4,822 4,386 5,205
Noncontrolling interests 9 8 9
Total equity 4,831 4,394 5,214
Total liabilities and equity $ 15,624 $ 15,401 $ 16,429