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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Current assets:      
Cash and cash equivalents $ 240 $ 213 $ 204
Restricted cash 6 15 98
Accounts receivable (less allowances for doubtful accounts of $64, $68 and $77, respectively) 1,023 709 1,188
Accrued utility revenues 145 36 120
Inventories 381 411 441
Derivative instruments 52 29 41
Prepaid expenses and other current assets 200 238 193
Total current assets 2,047 1,651 2,285
Property, plant and equipment, (less accumulated depreciation of $4,927, $4,910 and $4,709, respectively) 8,750 8,763 8,601
Goodwill 2,805 2,871 3,070
Intangible assets, net 371 391 430
Utility regulatory assets 300 301 298
Derivative instruments 35 9 15
Other assets 1,104 1,112 1,017
Total assets 15,412 15,098 15,716
Current liabilities:      
Current maturities of long-term debt 253 235 54
Short-term borrowings 415 465 557
Accounts payable 599 544 741
Derivative instruments 24 28 124
Other current liabilities 748 788 865
Total current liabilities 2,039 2,060 2,341
Long-term debt 6,596 6,443 6,769
Deferred income taxes 1,021 1,008 913
Derivative instruments 11 31 49
Other noncurrent liabilities 1,157 1,202 1,212
Total liabilities 10,824 10,744 11,284
Commitments and contingencies (Note 9)
UGI Corporation stockholders’ equity:      
Preferred stock, without par value (authorized – 5,000,000 shares; issued – 0, 0 and 220,000 Series A shares, respectively) 0 0 167
UGI Common Stock, without par value (authorized — 450,000,000 shares; issued — 216,214,547, 216,124,332 and 210,908,238 shares, respectively) 1,679 1,676 1,501
Retained earnings 3,272 2,978 3,042
Accumulated other comprehensive loss (313) (253) (232)
Treasury stock, at cost (58) (56) (55)
Total UGI Corporation stockholders’ equity 4,580 4,345 4,423
Noncontrolling interests 8 9 9
Total equity 4,588 4,354 4,432
Total liabilities and equity $ 15,412 $ 15,098 $ 15,716