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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Property, Plant and Equipment:    
Utility Plant, at original cost $ 5,265,661 $ 4,905,350
Accumulated Depreciation (914,122) (843,998)
Nonutility Property and Equipment, at cost 147,764 25,991
Accumulated Depreciation (35,069) (13,807)
Property, Plant and Equipment - Net 4,464,234 4,073,536
Investments:    
Available-for-Sale Securities 32 40
Restricted 7,786 21,964
Investment in Affiliates 106,230 87,087
Total Investments 114,048 109,091
Current Assets:    
Cash and Cash Equivalents 34,045 6,417
Accounts Receivable 278,723 253,661
Unbilled Revenues 85,423 84,821
Provision for Uncollectibles (30,582) (19,829)
Notes Receivable - Affiliate 2,847 5,379
Natural Gas in Storage, average cost 39,440 54,153
Materials and Supplies, average cost 2,561 1,164
Prepaid Taxes 23,851 26,918
Derivatives - Energy Related Assets 41,439 52,892
Assets Held For Sale 0 143,440
Other Prepayments and Current Assets 29,081 43,492
Total Current Assets 506,828 652,508
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 673,992 665,932
Derivatives - Energy Related Assets 6,935 7,243
Notes Receivable - Affiliate 31,073 12,720
Contract Receivables 41,428 30,958
Goodwill 706,960 702,070
Other 143,650 111,282
Total Regulatory and Other Noncurrent Assets 1,604,038 1,530,205
Total Assets 6,689,148 6,365,340
Equity:    
Common Stock 125,740 115,493
Premium on Common Stock 1,218,000 1,027,902
Treasury Stock (at par) (321) (289)
Accumulated Other Comprehensive Loss (38,216) (32,558)
Retained Earnings 355,678 313,237
Total South Jersey Industries, Inc. Equity 1,660,881 1,423,785
Noncontrolling Interest 5,995 0
Total Equity 1,666,876 1,423,785
Long-Term Debt 2,776,400 2,070,086
Total Capitalization 4,443,276 3,493,871
Current Liabilities:    
Notes Payable 596,400 848,700
Current Portion of Long-Term Debt 142,801 467,909
Accounts Payable 256,589 232,242
Customer Deposits and Credit Balances 35,899 35,004
Environmental Remediation Costs 45,265 43,849
Taxes Accrued 6,025 2,235
Derivatives - Energy Related Liabilities 27,006 41,965
Derivatives - Other Current 659 1,155
Liabilities Held for Sale 0 6,043
Deferred Contract Revenues 479 0
Interest Accrued 21,140 13,580
Pension Benefits 3,704 3,727
Other Current Liabilities 27,665 35,486
Total Current Liabilities 1,163,632 1,731,895
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes 149,534 92,166
Pension and Other Postretirement Benefits 135,023 114,055
Environmental Remediation Costs 148,310 189,036
Asset Retirement Obligations 202,092 263,950
Derivatives - Energy Related Liabilities 4,947 8,206
Derivatives - Other Noncurrent 9,279 11,505
Regulatory Liabilities 420,577 442,918
Other 12,478 17,738
Total Deferred Credits and Other Noncurrent Liabilities 1,082,240 1,139,574
Commitments and Contingencies
Total Capitalization and Liabilities 6,689,148 6,365,340
South Jersey Gas Company    
Property, Plant and Equipment:    
Utility Plant, at original cost 3,387,831 3,154,736
Accumulated Depreciation (606,925) (558,634)
Property, Plant and Equipment - Net 2,780,906 2,596,102
Investments:    
Restricted 4,826 4,073
Total Investments 4,826 4,073
Current Assets:    
Cash and Cash Equivalents 1,598 2,678
Accounts Receivable 88,657 84,940
Accounts Receivable - Related Parties 3,989 2,333
Unbilled Revenues 46,837 45,016
Provision for Uncollectibles (17,359) (14,032)
Natural Gas in Storage, average cost 14,050 14,839
Materials and Supplies, average cost 619 619
Prepaid Taxes 19,522 19,547
Derivatives - Energy Related Assets 4,053 16,904
Other Prepayments and Current Assets 12,710 25,074
Total Current Assets 174,676 197,918
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 495,084 496,177
Derivatives - Energy Related Assets 87 5
Contract Receivables 41,428 30,958
Other 25,258 23,322
Total Regulatory and Other Noncurrent Assets 561,857 550,462
Total Assets 3,522,265 3,348,555
Equity:    
Common Stock 5,848 5,848
Premium on Common Stock 465,244 355,744
Accumulated Other Comprehensive Loss (31,606) (27,875)
Retained Earnings 864,240 756,181
Total Equity 1,303,726 1,089,898
Long-Term Debt 1,016,280 547,161
Total Capitalization 2,320,006 1,637,059
Current Liabilities:    
Notes Payable 47,500 171,300
Current Portion of Long-Term Debt 52,809 417,909
Accounts Payable - Commodity 22,199 17,361
Accounts Payable - Other 44,186 60,797
Accounts Payable - Related Parties 11,049 9,752
Customer Deposits and Credit Balances 23,637 22,430
Environmental Remediation Costs 23,067 29,569
Taxes Accrued 3,942 1,907
Derivatives - Energy Related Liabilities 2,868 14,671
Derivatives - Other Current 659 488
Interest Accrued 10,961 6,789
Pension Benefits 3,669 3,693
Other Current Liabilities 7,798 12,489
Total Current Liabilities 254,344 769,155
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes 403,609 357,637
Pension and Other Postretirement Benefits 116,973 99,981
Environmental Remediation Costs 78,176 101,693
Asset Retirement Obligations 89,252 96,509
Derivatives - Energy Related Liabilities 190 95
Derivatives - Other Noncurrent 9,279 7,368
Regulatory Liabilities 245,360 274,482
Other 5,076 4,576
Total Deferred Credits and Other Noncurrent Liabilities 947,915 942,341
Total Capitalization and Liabilities $ 3,522,265 $ 3,348,555