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CONDENSED CONSOLIDATED STATEMENTS OF INCOME/(LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues:        
Utility $ 103,383 $ 92,377 $ 636,110 $ 613,555
Nonutility 158,166 168,826 419,515 551,880
Total Operating Revenues 261,549 261,203 1,055,625 1,165,435
Operating Expenses:        
Operations 53,641 54,169 168,653 173,603
Impairment Charges 0 1,296 0 1,296
Maintenance 9,666 9,081 28,658 27,984
Depreciation 27,977 24,945 81,877 72,759
Energy and Other Taxes 2,730 2,663 9,228 9,597
Net Gain on Sales of Assets 0 (2,292) 0 3,246
Total Operating Expenses 270,043 280,228 878,166 1,040,087
Operating Loss (8,494) (19,025) 177,459 125,348
Other Income 5,143 618 7,621 2,268
Interest Charges (27,762) (28,857) (88,887) (85,944)
Loss Before Income Taxes (31,113) (47,264) 96,193 41,672
Income Taxes 19,467 10,925 (13,725) (9,378)
Equity in Earnings of Affiliated Companies 1,302 1,593 5,710 5,355
Loss from Continuing Operations (10,344) (34,746) 88,178 37,649
Loss from Discontinued Operations - (Net of tax benefit) (58) (59) (178) (216)
Net Income (Loss) $ (10,402) $ (34,805) $ 88,000 $ 37,433
Basic Loss Per Common Share:        
Basic Loss Per Common Share, Continuing Operations (in dollars per share) $ (0.10) $ (0.38) $ 0.92 $ 0.41
Basic Loss Per Common Share, Discontinued Operations (in dollars per share) 0 0 0 0
Basic Loss Per Common Share (in dollars per share) $ (0.10) $ (0.38) $ 0.92 $ 0.41
Average Shares of Common Stock Outstanding, Basic (in shares) 100,587 92,392 95,599 92,041
Diluted Loss Per Common Share:        
Diluted Loss Per Common Share, Continuing Operations (in dollars per share) $ (0.10) $ (0.38) $ 0.92 $ 0.41
Diluted Loss Per Common Share, Continuing Operations (in dollars per share) 0 0 0 0
Diluted Loss Per Common Share (in dollars per share) $ (0.10) $ (0.38) $ 0.92 $ 0.41
Average Shares of Common Stock Outstanding, Diluted (in shares) 100,587 92,392 95,724 92,158
SJG        
Operating Revenues:        
Total Operating Revenues $ 66,190 $ 62,039 $ 394,066 $ 396,505
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 20,575 19,268 126,655 140,802
Operations 24,763 25,855 78,740 80,146
Maintenance 8,399 7,678 25,457 22,827
Depreciation 17,339 16,398 51,038 48,187
Energy and Other Taxes 1,194 1,159 3,879 4,302
Total Operating Expenses 72,270 70,358 285,769 296,264
Operating Loss (6,080) (8,319) 108,297 100,241
Other Income 1,515 808 3,349 3,067
Interest Charges (8,271) (7,840) (23,832) (23,584)
Loss Before Income Taxes (12,836) (15,351) 87,814 79,724
Income Taxes 3,293 3,747 (23,157) (20,620)
Net Income (Loss) (9,543) (11,604) 64,657 59,104
Utility        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 29,277 26,452 210,167 231,622
Nonutility        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) $ 146,752 $ 163,914 $ 379,583 $ 526,472