XML 22 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues:      
Utility $ 918,428 $ 896,874 $ 670,715
Nonutility 622,955 731,752 970,623
Total Operating Revenues 1,541,383 1,628,626 1,641,338
Operating Expenses:      
Operations 233,314 238,752 256,862
Impairment Charges 0 10,745 105,280
Maintenance 38,857 37,341 32,162
Depreciation 118,715 99,753 96,723
Energy and Other Taxes 11,918 11,996 9,537
Net Gain on Sales of Assets (2,578) (3,133) (15,379)
Total Operating Expenses 1,259,161 1,427,421 1,540,593
Operating Income (Loss) 282,222 201,205 100,745
Other Income and Expense 7,979 4,208 2,404
Interest Charges (118,534) (114,477) (90,296)
Income Before Income Taxes 171,667 90,936 12,853
Income Taxes (22,664) (21,061) (561)
Equity in Earnings of Affiliated Companies 8,294 7,314 5,611
Income from Continuing Operations 157,297 77,189 17,903
Loss from Discontinued Operations - (Net of tax benefit) (255) (272) (240)
Net Income 157,042 76,917 17,663
Add: Loss Attributable to Noncontrolling Interest (42) 0 0
Net Income Attributable to South Jersey Industries, Inc. $ 157,084 $ 76,917 $ 17,663
Basic Earnings per Common Share:      
Continuing Operations (in USD per share) $ 1.62 $ 0.84 $ 0.21
Discontinued Operations (in USD per share) 0 0 0
Net Income (in USD per share) $ 1.62 $ 0.84 $ 0.21
Average Shares of Common Stock Outstanding - Basic (in shares) 96,854 92,130 83,693
Diluted Earnings per Common Share:      
Continuing Operations (in USD per share) $ 1.62 $ 0.84 $ 0.21
Discontinued Operations (in USD per share) 0 0 0
Net Income (in USD per share) $ 1.62 $ 0.84 $ 0.21
Average Shares of Common Stock Outstanding - Diluted (in shares) 96,995 92,253 84,471
South Jersey Gas Company      
Operating Revenues:      
Total Operating Revenues $ 571,787 $ 569,226 $ 548,000
Operating Expenses:      
Cost of Sales - (Excluding depreciation and amortization) 181,262 211,344 209,649
Operations 108,990 108,638 112,920
Maintenance 34,287 30,899 28,742
Depreciation 71,026 65,965 59,755
Energy and Other Taxes 4,987 4,886 4,246
Total Operating Expenses 400,552 421,732 415,312
Operating Income (Loss) 171,235 147,494 132,688
Other Income and Expense 5,536 4,376 4,685
Interest Charges (33,388) (31,654) (28,011)
Income Before Income Taxes 143,383 120,216 109,362
Income Taxes (35,324) (32,822) (26,413)
Net Income Attributable to South Jersey Industries, Inc. 108,059 87,394 82,949
Utility      
Operating Expenses:      
Cost of Sales - (Excluding depreciation and amortization) 297,094 351,284 258,781
Nonutility      
Operating Expenses:      
Cost of Sales - (Excluding depreciation and amortization) $ 561,841 $ 680,683 $ 796,627