XML 30 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Property, Plant and Equipment:    
Utility Plant, at original cost $ 4,905,350,000 $ 4,341,113,000
Accumulated Depreciation (843,998,000) (787,243,000)
Nonutility Property and Equipment, at cost 25,991,000 152,232,000
Accumulated Depreciation (13,807,000) (52,629,000)
Property, Plant and Equipment - Net 4,073,536,000 3,653,473,000
Investments:    
Available-for-Sale Securities 40,000 41,000
Restricted 21,964,000 1,649,000
Investment in Affiliates 87,087,000 76,122,000
Total Investments 109,091,000 77,812,000
Current Assets:    
Cash and Cash Equivalents 6,417,000 30,030,000
Accounts Receivable 253,661,000 337,502,000
Unbilled Revenues 84,821,000 79,538,000
Provision for Uncollectibles (19,829,000) (18,842,000)
Notes Receivable - Affiliate 5,379,000 1,945,000
Natural Gas in Storage, average cost 54,153,000 60,425,000
Materials and Supplies, average cost 1,164,000 1,743,000
Prepaid Taxes 26,918,000 30,694,000
Derivatives - Energy Related Assets 52,892,000 54,021,000
Assets Held For Sale 143,440,000 59,588,000
Other Prepayments and Current Assets 43,492,000 26,548,000
Total Current Assets 652,508,000 663,192,000
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 665,932,000 662,969,000
Derivatives - Energy Related Assets 7,243,000 7,169,000
Notes Receivable - Affiliate 12,720,000 13,275,000
Contract Receivables 30,958,000 27,961,000
Goodwill 702,070,000 734,607,000
Other 111,282,000 116,119,000
Total Regulatory and Other Noncurrent Assets 1,530,205,000 1,562,100,000
Total Assets 6,365,340,000 5,956,577,000
Common Stock: Par Value $1.25 per share; Authorized 120,000,000 shares; Outstanding Shares: 92,394,155 (2019) and 85,506,218 (2018)    
Balance at Beginning of Year 106,883,000 99,436,000
Common Stock Issued or Granted Under Stock Plans 8,610,000 7,447,000
Balance at End of Year 115,493,000 106,883,000
Premium on Common Stock 1,027,902,000 843,268,000
Treasury Stock (at par) (289,000) (292,000)
Accumulated Other Comprehensive Loss (32,558,000) (26,095,000)
Retained Earnings 313,237,000 343,258,000
Total Equity 1,423,785,000 1,267,022,000
Long-Term Debt 2,070,086,000 2,106,863,000
Total Capitalization 3,493,871,000 3,373,885,000
Current Liabilities:    
Notes Payable 848,700,000 270,500,000
Current Portion of Long-Term Debt 467,909,000 733,909,000
Accounts Payable 232,242,000 410,463,000
Customer Deposits and Credit Balances 35,004,000 32,058,000
Environmental Remediation Costs 43,849,000 47,592,000
Taxes Accrued 2,235,000 5,881,000
Derivatives - Energy Related Liabilities 41,965,000 24,134,000
Derivatives - Other Current 1,155,000 588,000
Liabilities Held for Sale 6,043,000 0
Deferred Contract Revenues 0 1,772,000
Interest Accrued 13,580,000 14,208,000
Pension Benefits 3,727,000 3,631,000
Other Current Liabilities 35,486,000 36,102,000
Total Current Liabilities 1,731,895,000 1,580,838,000
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 92,166,000 85,836,000
Pension and Other Postretirement Benefits 114,055,000 110,112,000
Environmental Remediation Costs 189,036,000 206,058,000
Asset Retirement Obligations 263,950,000 80,163,000
Derivatives - Energy Related Liabilities 8,206,000 7,256,000
Derivatives - Other Noncurrent 11,505,000 7,285,000
Regulatory Liabilities 442,918,000 478,499,000
Other 17,738,000 26,645,000
Total Deferred Credits and Other Noncurrent Liabilities 1,139,574,000 1,001,854,000
Commitments and Contingencies  (Note 15)
Total Capitalization and Liabilities $ 6,365,340,000 $ 5,956,577,000
Common stock, par value (in USD per share) $ 1.25 $ 1.25
Common stock, authorized (in shares) 120,000,000 120,000,000
Common stock, outstanding (in shares) 92,394,155 85,506,218
South Jersey Gas Company    
Property, Plant and Equipment:    
Utility Plant, at original cost $ 3,154,736,000 $ 2,907,202,000
Accumulated Depreciation (558,634,000) (523,743,000)
Nonutility Property and Equipment, at cost 0 0
Property, Plant and Equipment - Net 2,596,102,000 2,383,459,000
Investments:    
Restricted 4,073,000 1,278,000
Total Investments 4,073,000 1,278,000
Current Assets:    
Cash and Cash Equivalents 2,678,000 1,984,000
Accounts Receivable 84,940,000 101,572,000
Accounts Receivable - Related Parties 2,333,000 2,442,000
Unbilled Revenues 45,016,000 43,271,000
Provision for Uncollectibles (14,032,000) (13,643,000)
Natural Gas in Storage, average cost 14,839,000 16,336,000
Materials and Supplies, average cost 619,000 619,000
Prepaid Taxes 19,547,000 28,772,000
Derivatives - Energy Related Assets 16,904,000 5,464,000
Other Prepayments and Current Assets 25,074,000 11,280,000
Total Current Assets 197,918,000 198,097,000
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 496,177,000 492,365,000
Long-Term Receivables 30,958,000 25,531,000
Derivatives - Energy Related Assets 5,000 15,000
Goodwill 0 0
Other 23,322,000 17,491,000
Total Regulatory and Other Noncurrent Assets 550,462,000 535,402,000
Total Assets 3,348,555,000 3,118,236,000
Common Stock: Par Value $1.25 per share; Authorized 120,000,000 shares; Outstanding Shares: 92,394,155 (2019) and 85,506,218 (2018)    
Balance at Beginning of Year 5,848,000  
Balance at End of Year 5,848,000 5,848,000
Premium on Common Stock 355,744,000 355,744,000
Accumulated Other Comprehensive Loss (27,875,000) (22,357,000)
Retained Earnings 756,181,000 668,787,000
Total Equity 1,089,898,000 1,008,022,000
Long-Term Debt 547,161,000 874,507,000
Total Capitalization 1,637,059,000 1,882,529,000
Current Liabilities:    
Notes Payable 171,300,000 107,500,000
Current Portion of Long-Term Debt 417,909,000 18,909,000
Accounts Payable - Commodity 17,361,000 48,490,000
Accounts Payable - Other 60,797,000 52,966,000
Accounts Payable - Related Parties 9,752,000 12,563,000
Customer Deposits and Credit Balances 22,430,000 23,862,000
Environmental Remediation Costs 29,569,000 33,022,000
Taxes Accrued 1,907,000 1,891,000
Derivatives - Energy Related Liabilities 14,671,000 2,146,000
Derivatives - Other Current 488,000 343,000
Interest Accrued 6,789,000 7,134,000
Pension Benefits 3,693,000 3,597,000
Other Current Liabilities 12,489,000 9,444,000
Total Current Liabilities 769,155,000 321,867,000
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 357,637,000 325,886,000
Pension and Other Postretirement Benefits 99,981,000 96,053,000
Environmental Remediation Costs 101,693,000 115,049,000
Asset Retirement Obligations 96,509,000 79,890,000
Derivatives - Energy Related Liabilities 95,000 43,000
Derivatives - Other Noncurrent 7,368,000 5,524,000
Regulatory Liabilities 274,482,000 286,539,000
Other 4,576,000 4,856,000
Total Deferred Credits and Other Noncurrent Liabilities 942,341,000 913,840,000
Total Capitalization and Liabilities $ 3,348,555,000 $ 3,118,236,000
Common stock, par value (in USD per share) $ 2.50 $ 2.50
Common stock, authorized (in shares) 4,000,000 4,000,000
Common stock, outstanding (in shares) 2,339,139 2,339,139