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CONDENSED CONSOLIDATED STATEMENTS OF INCOME/(LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:        
Utility $ 145,846 $ 106,832 $ 532,727 $ 521,178
Nonutility 114,118 160,102 261,349 383,054
Total Operating Revenues 259,964 266,934 794,076 904,232
Operating Expenses:        
Operations 52,656 56,608 115,012 119,434
Maintenance 9,397 9,273 18,992 18,903
Depreciation 27,431 24,129 53,900 47,814
Energy and Other Taxes 2,636 2,717 6,498 6,934
Total Operating Expenses 239,773 258,068 608,123 760,813
Operating Income 20,191 8,866 185,953 143,419
Other Income 3,625 29 2,478 2,604
Interest Charges (28,589) (28,434) (61,125) (57,087)
Income (Loss) Before Income Taxes (4,773) (19,539) 127,306 88,936
Income Taxes 178 4,646 (33,192) (20,303)
Equity in Earnings of Affiliated Companies 2,017 1,589 4,408 3,762
Loss from Continuing Operations (2,578) (13,304) 98,522 72,395
Loss from Discontinued Operations - (Net of tax benefit) (61) (95) (120) (157)
Net Income (Loss) $ (2,639) $ (13,399) $ 98,402 $ 72,238
Basic Loss Per Common Share:        
Basic Loss Per Common Share, Continuing Operations (in dollars per share) $ (0.03) $ (0.14) $ 1.06 $ 0.79
Basic Loss Per Common Share, Discontinued Operations (in dollars per share) 0 0 0 0
Basic Loss Per Common Share (in dollars per share) $ (0.03) $ (0.14) $ 1.06 $ 0.79
Average Shares of Common Stock Outstanding, Basic (in shares) 93,712 92,389 93,078 91,863
Diluted Loss Per Common Share:        
Diluted Loss Per Common Share, Continuing Operations (in dollars per share) $ (0.03) $ (0.14) $ 1.06 $ 0.79
Diluted Loss Per Common Share, Continuing Operations (in dollars per share) 0 0 0 0
Diluted Loss Per Common Share (in dollars per share) $ (0.03) $ (0.14) $ 1.06 $ 0.79
Average Shares of Common Stock Outstanding, Diluted (in shares) 93,712 92,389 93,195 91,979
SJG        
Operating Revenues:        
Total Operating Revenues $ 87,182 $ 62,268 $ 327,876 $ 334,466
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 25,546 2,654 106,080 121,534
Operations 25,354 25,194 53,977 54,291
Maintenance 8,487 7,006 17,058 15,149
Depreciation 16,993 16,045 33,699 31,789
Energy and Other Taxes 1,070 1,154 2,685 3,143
Total Operating Expenses 77,450 52,053 213,499 225,906
Operating Income 9,732 10,215 114,377 108,560
Other Income 3,184 328 1,834 2,259
Interest Charges (8,019) (7,896) (15,561) (15,744)
Income (Loss) Before Income Taxes 4,897 2,647 100,650 95,075
Income Taxes (1,219) (671) (26,450) (24,368)
Net Income (Loss) 3,678 1,976 74,200 70,707
Utility        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 45,564 16,721 180,890 205,170
Nonutility Operations        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) $ 102,089 $ 148,620 $ 232,831 $ 362,558