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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues:        
Utility $ 144,270 $ 145,846 $ 546,886 $ 532,727
Nonutility 167,558 114,118 439,242 261,349
Total Operating Revenues 311,828 259,964 986,128 794,076
Operating Expenses:        
Operations and Maintenance 62,881 62,053 132,984 134,004
Depreciation 33,031 27,431 64,843 53,900
Energy and Other Taxes 2,812 2,636 6,795 6,498
Total Operating Expenses 300,219 239,773 777,691 608,123
Operating Income 11,609 20,191 208,437 185,953
Other Income and Expense 3,592 3,625 5,660 2,478
Interest Charges (31,185) (28,589) (62,644) (61,125)
(Loss) Income Before Income Taxes (15,984) (4,773) 151,453 127,306
Income Taxes 4,702 178 (37,067) (33,192)
Equity (Loss) in Earnings of Affiliated Companies (85,378) 2,017 (82,248) 4,408
(Loss) Income from Continuing Operations (96,660) (2,578) 32,138 98,522
Loss from Discontinued Operations - (Net of tax benefit) (80) (61) (151) (120)
Net (Loss) Income (96,740) (2,639) 31,987 98,402
Less: Income Attributable to Noncontrolling Interest 88 0 217 0
Net (Loss) Income Attributable to South Jersey Industries, Inc. $ (96,828) $ (2,639) $ 31,770 $ 98,402
Basic (Loss) Earnings Per Common Share:        
Continuing operations (in dollars per share) $ (0.87) $ (0.03) $ 0.30 $ 1.06
Discontinued operations (in dollars per share) 0 0 0 0
Net income (loss) (in dollars per share) $ (0.87) $ (0.03) $ 0.30 $ 1.06
Average shares of common stock outstanding - basic (in shares) 110,902 93,712 105,902 93,078
Diluted (Loss) Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ (0.87) $ (0.03) $ 0.30 $ 1.06
Discontinued Operations (in dollars per share) 0 0 0 0
Net Income (in dollars per share) $ (0.87) $ (0.03) $ 0.30 $ 1.06
Average Shares of Common Stock Outstanding - Diluted (in shares) 110,902 93,712 107,389 93,195
SJG        
Operating Revenues:        
Total Operating Revenues $ 91,215 $ 87,182 $ 342,614 $ 327,876
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 18,711 25,546 93,248 106,080
Operations and Maintenance 34,539 33,841 71,807 71,035
Depreciation 20,357 16,993 39,565 33,699
Energy and Other Taxes 1,139 1,070 2,683 2,685
Total Operating Expenses 74,746 77,450 207,303 213,499
Operating Income 16,469 9,732 135,311 114,377
Other Income and Expense 1,486 3,184 3,101 1,834
Interest Charges (9,613) (8,019) (19,338) (15,561)
(Loss) Income Before Income Taxes 8,342 4,897 119,074 100,650
Income Taxes (2,029) (1,219) (29,143) (26,450)
Net (Loss) Income 6,313 3,678 89,931 74,200
Utility        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 33,286 45,564 159,799 180,890
Nonutility        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) $ 168,209 $ 102,089 $ 413,270 $ 232,831