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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues:        
Utility $ 65,473 $ 60,983 $ 343,180 $ 312,925
Nonutility 161,654 158,099 554,150 393,594
Total Operating Revenues 227,127 219,082 897,330 706,519
Cost of Sales - (Excluding depreciation)        
- Utility 28,217 25,353 131,927 110,067
- Nonutility 140,598 117,635 503,715 284,236
Operations 82,521 34,796 160,621 109,843
Maintenance 4,615 4,150 14,268 12,793
Depreciation 24,914 23,109 73,793 66,106
Energy and Other Taxes 1,517 1,449 5,139 4,617
Total Operating Expenses 282,382 206,492 889,463 587,662
Operating (Loss) Income (55,255) 12,590 7,867 118,857
Other Income and Expense 2,253 2,223 10,235 8,787
Interest Charges (10,567) (7,355) (38,291) (24,744)
(Loss) Income Before Income Taxes (63,569) 7,458 (20,189) 102,900
Income Taxes 24,765 (2,807) 8,439 (34,885)
Equity in Earnings of Affiliated Companies 1,256 5,013 4,337 5,038
(Loss) Income from Continuing Operations (37,548) 9,664 (7,413) 73,053
Loss from Discontinued Operations - (Net of tax benefit) (45) (29) (122) (176)
Net (Loss) Income $ (37,593) $ 9,635 $ (7,535) $ 72,877
Basic Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ (0.47) $ 0.12 $ (0.09) $ 0.97
Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.00
Basic Earnings Per Common Share (in dollars per share) $ (0.47) $ 0.12 $ (0.09) $ 0.97
Average Shares of Common Stock Outstanding - Basic (in shares) 79,549 79,478 79,539 75,316
Diluted Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ (0.47) $ 0.12 $ (0.09) $ 0.97
Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.00
Diluted Earnings Per Common Share (in dollars per share) $ (0.47) $ 0.12 $ (0.09) $ 0.97
Average Shares of Common Stock Outstanding - Diluted (in shares) 79,549 79,635 79,539 75,411
Dividends Declared Per Common Share (in dollars per share) $ 0.27 $ 0.26 $ 0.81 $ 0.78
South Jersey Gas Company        
Operating Revenues:        
Total Operating Revenues $ 66,755 $ 62,025 $ 346,820 $ 318,553
Cost of Sales - (Excluding depreciation)        
Cost of Sales (Excluding depreciation) 29,499 26,395 135,567 115,695
Operations 23,178 21,360 70,966 69,954
Maintenance 4,615 4,150 14,268 12,793
Depreciation 13,226 11,735 38,813 34,435
Energy and Other Taxes 865 838 3,032 2,425
Total Operating Expenses 71,383 64,478 262,646 235,302
Operating (Loss) Income (4,628) (2,453) 84,174 83,251
Other Income and Expense 1,606 1,189 4,845 3,104
Interest Charges (6,437) (4,058) (18,392) (13,397)
(Loss) Income Before Income Taxes (9,459) (5,322) 70,627 72,958
Income Taxes 3,688 2,007 (27,654) (26,812)
Net (Loss) Income $ (5,771) $ (3,315) $ 42,973 $ 46,146