XML 48 R38.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information (Tables)
6 Months Ended
Mar. 25, 2023
Segment Reporting [Abstract]  
Disclosure by reportable segment and reconciliation of total operating segment information

The following table presents certain data by reportable segment and provides a reconciliation of total operating segment information to the corresponding condensed consolidated amounts for the periods presented:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 25,

 

 

March 26,

 

 

March 25,

 

 

March 26,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

457,140

 

 

$

516,821

 

 

$

799,493

 

 

$

847,938

 

Fuel oil and refined fuels

 

 

38,126

 

 

 

43,501

 

 

 

68,267

 

 

 

64,467

 

Natural gas and electricity

 

 

11,856

 

 

 

14,395

 

 

 

20,546

 

 

 

23,618

 

All other

 

 

19,379

 

 

 

13,378

 

 

 

35,665

 

 

 

27,479

 

Total revenues

 

$

526,501

 

 

$

588,095

 

 

$

923,971

 

 

$

963,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

156,959

 

 

$

221,386

 

 

$

251,367

 

 

$

287,961

 

Fuel oil and refined fuels

 

 

6,347

 

 

 

7,185

 

 

 

8,429

 

 

 

8,879

 

Natural gas and electricity

 

 

3,138

 

 

 

3,450

 

 

 

4,230

 

 

 

5,120

 

All other

 

 

(10,087

)

 

 

(5,002

)

 

 

(15,862

)

 

 

(10,792

)

Corporate

 

 

(30,678

)

 

 

(35,058

)

 

 

(60,170

)

 

 

(61,951

)

Total operating income

 

 

125,679

 

 

 

191,961

 

 

 

187,994

 

 

 

229,217

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

19,871

 

 

 

15,254

 

 

 

35,865

 

 

 

30,553

 

Other, net

 

 

1,106

 

 

 

1,234

 

 

 

2,081

 

 

 

2,364

 

Provision for (benefit from) income taxes

 

 

225

 

 

 

371

 

 

 

177

 

 

 

(100

)

Net income

 

$

104,477

 

 

$

175,102

 

 

$

149,871

 

 

$

196,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

11,331

 

 

$

11,764

 

 

$

23,221

 

 

$

25,498

 

Fuel oil and refined fuels

 

 

419

 

 

 

428

 

 

 

828

 

 

 

856

 

Natural gas and electricity

 

 

 

 

 

5

 

 

 

3

 

 

 

10

 

All other

 

 

2,912

 

 

 

45

 

 

 

2,955

 

 

 

90

 

Corporate

 

 

1,402

 

 

 

1,820

 

 

 

2,836

 

 

 

3,893

 

Total depreciation and amortization

 

$

16,064

 

 

$

14,062

 

 

$

29,843

 

 

$

30,347

 

 

 

As of

 

 

 

March 25,

 

 

September 24,

 

 

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

Propane

 

$

1,991,478

 

 

$

1,957,257

 

Fuel oil and refined fuels

 

 

55,245

 

 

 

49,683

 

Natural gas and electricity

 

 

12,782

 

 

 

12,504

 

All other

 

 

243,211

 

 

 

47,853

 

Corporate

 

 

48,389

 

 

 

36,429

 

Total assets

 

$

2,351,105

 

 

$

2,103,726