XML 145 R126.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule I (Details)
12 Months Ended
Jul. 01, 2021
USD ($)
option
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Oct. 16, 2020
shares
Dec. 31, 2018
USD ($)
shares
Income Statement [Abstract]            
Operating Revenues   $ 1,991,996,000 $ 1,541,383,000 $ 1,628,626,000    
Operating Expenses:            
Operations   265,140,000 272,171,000 276,093,000    
Depreciation   131,778,000 118,715,000 99,753,000    
Energy and Other Taxes   1,435,000 11,918,000 11,996,000    
Total Operating Expenses   1,642,876,000 1,259,161,000 1,427,421,000    
Operating Income (Loss)   349,120,000 282,222,000 201,205,000    
Other Income:            
Total Other Income   4,592,000 7,979,000 4,208,000    
Interest Charges   127,130,000 118,534,000 114,477,000    
Income Taxes   47,107,000 22,664,000 21,061,000    
Income from Continuing Operations   88,514,000 157,297,000 77,189,000    
Equity in Earnings of Discontinued Operations - Net of taxes   51,000 (255,000) (272,000)    
Net Income   88,565,000 157,042,000 76,917,000    
Subtract/Add: Income (Loss) Attributable to Noncontrolling Interests   474,000 (42,000) 0    
Net Income   88,091,000 157,084,000 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,565,000 157,042,000 76,917,000    
Other Comprehensive Income (Loss) - Net of Tax            
Postretirement Liability Adjustment   11,455,000 (5,692,000) (6,498,000)    
Losses reclassified from AOCL into income   32,000 34,000 35,000    
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Comprehensive Income   100,052,000 151,384,000 70,454,000    
Subtract/Add: Comprehensive Income (Loss) Attributable to Noncontrolling Interests   474,000 (42,000) 0    
Comprehensive Income Attributable to South Jersey Industries, Inc.   99,578,000 151,426,000 70,454,000    
Postretirement Liability Adjustment, tax   (4,426,000) 2,316,000 2,539,000    
Reclassification of Unrealized Gain on Derivatives - Other to Net Income, tax   (14,000) (12,000) (11,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,666,876,000 1,423,785,000 1,267,022,000    
Net Income   88,565,000 157,042,000 76,917,000    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   431,507,000 200,313,000 193,247,000    
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   $ 1,999,441,000 $ 1,666,876,000 $ 1,423,785,000    
Cash Dividends Declared - Common Stock (in USD per share) | $ / shares   $ 1.22 $ 1.19 $ 1.16    
Statement of Cash Flows [Abstract]            
CASH USED IN OPERATING ACTIVITIES   $ 273,113,000 $ 311,639,000 $ 121,052,000    
CASH FLOWS FROM INVESTING ACTIVITIES:            
Capital Expenditures   (532,026,000) (486,451,000) (504,212,000)    
Proceeds from Company-Owned Life Insurance   0 0 1,694,000    
Net Cash Used in Investing Activities   (645,497,000) (507,751,000) (477,648,000)    
CASH FLOWS FROM FINANCING ACTIVITIES:            
Proceeds from Issuance of Long-Term Debt   460,000,000 1,050,000,000 429,657,000    
Principal Repayments of Long-Term Debt   (117,909,000) (667,909,000) (733,909,000)    
Payments for Issuance of Long-Term Debt   (17,632,000) (8,191,000) (2,744,000)    
Net (Repayments of) Borrowings from Short-Term Credit Facilities   (262,400,000) (252,300,000) 578,200,000    
Dividends on Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Proceeds from Sale of Common Stock   429,772,000 200,000,000 189,032,000    
Payments for the Issuance of Common Stock   (2,322,000) (2,409,000) 0    
Capital Contributions of Noncontrolling Interests in Subsidiary   3,820,000 6,037,000 0    
Other   0 (1,023,000) 0    
Net Cash Provided by Financing Activities   359,993,000 209,562,000 353,298,000    
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash   (12,391,000) 13,450,000 (3,298,000)    
Cash, Cash Equivalents and Restricted Cash at Beginning of Year   41,831,000 28,381,000 31,679,000    
Cash, Cash Equivalents and Restricted Cash at End of Year   29,440,000 41,831,000 28,381,000    
Property Plant and Equipment:            
Nonutility Property, Plant and Equipment, at cost   240,503,000 147,764,000      
Accumulated Depreciation   35,367,000 35,069,000      
Investments:            
Debt Securities, Available-for-sale   37,000 32,000      
Total Investments   39,232,000 114,048,000      
Current Assets:            
Cash and Cash Equivalents   28,754,000 34,045,000      
Other   25,269,000 29,081,000      
Total Current Assets   638,962,000 506,828,000      
Other   206,699,000 143,650,000      
Total Assets   7,308,672,000 6,689,148,000      
Equity [Abstract]            
Common Stock   146,675,000 125,740,000      
Premium on Common Stock   1,559,060,000 1,218,000,000      
Treasury Stock (at par)   (287,000) (321,000)      
Accumulated Other Comprehensive Loss   (26,729,000) (38,216,000)      
Retained Earnings   310,433,000 355,678,000      
Total South Jersey Industries, Inc. Equity   1,989,152,000 1,660,881,000      
Noncontrolling Interests   10,289,000 5,995,000      
Total Equity   1,999,441,000 1,666,876,000 $ 1,423,785,000   $ 1,267,022,000
Long-Term Debt   3,189,009,000 2,776,400,000      
Current Liabilities:            
Notes Payable - Banks   334,000,000 596,400,000      
Current Portion of Long-Term Debt   66,076,000 142,801,000      
Accounts Payable   330,164,000 256,589,000      
Other Current Liabilities   54,311,000 31,369,000      
Total Current Liabilities   955,682,000 1,163,632,000      
Other Noncurrent Liabilities   188,971,000 147,501,000      
Total Capitalization and Liabilities   $ 7,308,672,000 $ 6,689,148,000      
Common stock, par value (in USD per share) | $ / shares   $ 1.25 $ 1.25      
Common stock, authorized (in shares) | shares   220,000,000 220,000,000 120,000,000 220,000,000  
Common Stock, outstanding (in shares) | shares   117,340,493 100,591,940 92,394,155   85,506,218
Operating lease right-of-use asset   $ 16,733,000 $ 1,929,000      
Long-term lease liabilities   $ 16,059,000        
Weighted-average discount rate - operating leases   4.00% 3.00%      
Total South Jersey Industries, Inc. Equity            
Other Income:            
Net Income   $ 88,091,000 $ 157,084,000 $ 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,091,000 157,084,000 76,917,000    
Other Comprehensive Income (Loss) - Net of Tax            
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,660,881,000 1,423,785,000 1,267,022,000    
Net Income   88,091,000 157,084,000 76,917,000    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   431,507,000 200,313,000 193,247,000    
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   1,989,152,000 1,660,881,000 1,423,785,000    
Equity [Abstract]            
Total Equity   1,989,152,000 1,660,881,000 1,423,785,000   $ 1,267,022,000
Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   125,740,000 115,493,000 106,883,000    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   20,935,000 10,247,000 8,610,000    
Ending balance   146,675,000 125,740,000 115,493,000    
Equity [Abstract]            
Total Equity   146,675,000 125,740,000 115,493,000   106,883,000
Premium on Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,218,000,000 1,027,902,000 843,268,000    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   410,538,000 190,098,000 184,634,000    
Ending balance   1,559,060,000 1,218,000,000 1,027,902,000    
Equity [Abstract]            
Total Equity   1,559,060,000 1,218,000,000 1,027,902,000   843,268,000
Treasury Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   (321,000) (289,000) (292,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   34,000 (32,000) 3,000    
Ending balance   (287,000) (321,000) (289,000)    
Equity [Abstract]            
Total Equity   (287,000) (321,000) (289,000)   (292,000)
AOCL            
Other Comprehensive Income (Loss) - Net of Tax            
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   (38,216,000) (32,558,000) (26,095,000)    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Ending balance   (26,729,000) (38,216,000) (32,558,000)    
Equity [Abstract]            
Total Equity   (26,729,000) (38,216,000) (32,558,000)   (26,095,000)
Retained Earnings            
Other Income:            
Net Income   88,091,000 157,084,000 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,091,000 157,084,000 76,917,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   355,678,000 313,237,000 343,258,000    
Net Income   88,091,000 157,084,000 76,917,000    
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   310,433,000 355,678,000 313,237,000    
Equity [Abstract]            
Total Equity   310,433,000 355,678,000 313,237,000   343,258,000
NCI            
Other Income:            
Net Income   474,000 (42,000)      
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   474,000 (42,000)      
Other Comprehensive Income (Loss) - Net of Tax            
Other Comprehensive Income (Loss) - Net of Tax     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   5,995,000 0 0    
Net Income   474,000 (42,000)      
Other Comprehensive Income (Loss), Net of Tax     0      
Ending balance   10,289,000 5,995,000 0    
Equity [Abstract]            
Total Equity   10,289,000 5,995,000 0   0
Parent Company            
Income Statement [Abstract]            
Operating Revenues   48,220,000 44,410,000 34,757,000    
Operating Expenses:            
Operations   46,870,000 47,241,000 42,481,000    
Depreciation   1,020,000 801,000 646,000    
Energy and Other Taxes   2,194,000 1,992,000 1,842,000    
Total Operating Expenses   50,084,000 50,034,000 44,969,000    
Operating Income (Loss)   (1,864,000) (5,624,000) (10,212,000)    
Other Income:            
Equity in Earnings of Subsidiaries   121,324,000 190,245,000 118,910,000    
Other   6,236,000 18,191,000 10,863,000    
Total Other Income   127,560,000 208,436,000 129,773,000    
Interest Charges   55,192,000 56,692,000 58,956,000    
Income Taxes   (18,010,000) (11,177,000) (16,584,000)    
Income from Continuing Operations   88,514,000 157,297,000 77,189,000    
Equity in Earnings of Discontinued Operations - Net of taxes   51,000 (255,000) (272,000)    
Net Income   88,565,000 157,042,000 76,917,000    
Subtract/Add: Income (Loss) Attributable to Noncontrolling Interests   474,000 (42,000) 0    
Net Income   88,091,000 157,084,000 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,565,000 157,042,000 76,917,000    
Other Comprehensive Income (Loss) - Net of Tax            
Postretirement Liability Adjustment   11,455,000 (5,692,000) (6,498,000)    
Losses reclassified from AOCL into income   32,000 34,000 35,000    
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Comprehensive Income   100,052,000 151,384,000 70,454,000    
Subtract/Add: Comprehensive Income (Loss) Attributable to Noncontrolling Interests   474,000   0    
Comprehensive Income Attributable to South Jersey Industries, Inc.   99,578,000 151,426,000 70,454,000    
Postretirement Liability Adjustment, tax   (4,426,000) 2,316,000 2,539,000    
Reclassification of Unrealized Gain on Derivatives - Other to Net Income, tax   (14,000) (12,000) (11,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,666,876,000 1,423,785,000 1,267,022,000    
Net Income   88,565,000 157,042,000 76,917,000    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   431,507,000 200,313,000 193,247,000    
Capital Contributions of Noncontrolling Interests in Subsidiaries   3,820,000 6,037,000      
Income from Equity Method Investments   69,478,000        
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   $ 1,999,441,000 $ 1,666,876,000 $ 1,423,785,000    
Cash Dividends Declared - Common Stock (in USD per share) | $ / shares   $ 1.22 $ 1.19 $ 1.16    
Statement of Cash Flows [Abstract]            
CASH USED IN OPERATING ACTIVITIES   $ (118,847,000) $ (246,530,000) $ (12,039,000)    
CASH FLOWS FROM INVESTING ACTIVITIES:            
Net (Advances to) Repayments from Associated Companies   (51,572,000) 124,140,000 (42,084,000)    
Capital Expenditures   (19,230,000) (12,961,000) (29,944,000)    
Proceeds from Company-Owned Life Insurance   0 56,000 1,865,000    
Net Cash Used in Investing Activities   (70,802,000) 111,235,000 (70,163,000)    
CASH FLOWS FROM FINANCING ACTIVITIES:            
Proceeds from Issuance of Long-Term Debt   335,000,000 400,000,000 194,657,000    
Principal Repayments of Long-Term Debt   (90,000,000) (250,000,000) (715,000,000)    
Payments for Issuance of Long-Term Debt   (14,255,000) (2,054,000) (876,000)    
Net (Repayments of) Borrowings from Short-Term Credit Facilities   (332,000,000) (98,100,000) 496,100,000    
Dividends on Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Proceeds from Sale of Common Stock   429,772,000 200,000,000 189,032,000    
Payments for the Issuance of Common Stock   (2,322,000) (2,409,000) 0    
Capital Contributions of Noncontrolling Interests in Subsidiary   3,820,000 6,037,000 0    
Other   0 (1,023,000) 0    
Net Cash Provided by Financing Activities   196,679,000 137,808,000 56,975,000    
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash   7,030,000 2,513,000 (25,227,000)    
Cash, Cash Equivalents and Restricted Cash at Beginning of Year   2,620,000 107,000 25,334,000    
Cash, Cash Equivalents and Restricted Cash at End of Year   9,650,000 2,620,000 107,000    
Property Plant and Equipment:            
Nonutility Property, Plant and Equipment, at cost   8,126,000 6,649,000      
Accumulated Depreciation   2,414,000 2,614,000      
Property, Plant and Equipment - Net   5,712,000 4,035,000      
Investments:            
Investments in Subsidiaries   3,166,214,000 2,958,076,000      
Debt Securities, Available-for-sale   37,000 32,000      
Total Investments   3,166,251,000 2,958,108,000      
Current Assets:            
Cash and Cash Equivalents   9,650,000 2,620,000      
Receivable from Associated Companies   240,217,000 190,829,000      
Accounts Receivable, after Allowance for Credit Loss, Current   44,000 43,000      
Other   22,974,000 19,365,000      
Total Current Assets   272,885,000 212,857,000      
Other   96,940,000 65,933,000      
Total Assets   3,541,788,000 3,240,933,000      
Equity [Abstract]            
Common Stock   146,675,000 125,740,000      
Premium on Common Stock   1,559,060,000 1,218,000,000      
Treasury Stock (at par)   (287,000) (321,000)      
Accumulated Other Comprehensive Loss   (26,729,000) (38,216,000)      
Retained Earnings   310,433,000 355,678,000      
Total South Jersey Industries, Inc. Equity   1,989,152,000 1,660,881,000      
Noncontrolling Interests   10,289,000 5,995,000      
Total Equity   1,999,441,000 1,666,876,000 1,423,785,000   1,267,022,000
Long-Term Debt   1,255,089,000 964,602,000      
Current Liabilities:            
Notes Payable - Banks   143,000,000 475,000,000      
Current Portion of Long-Term Debt   35,000,000 90,000,000      
Payable to Associated Companies   1,121,000 3,305,000      
Accounts Payable   5,675,000 6,112,000      
Other Current Liabilities   47,893,000 23,396,000      
Total Current Liabilities   232,689,000 597,813,000      
Other Noncurrent Liabilities   54,569,000 11,642,000      
Total Capitalization and Liabilities   $ 3,541,788,000 $ 3,240,933,000      
Common stock, authorized (in shares) | shares     220,000,000      
Common Stock, outstanding (in shares) | shares   117,340,493 100,591,940      
Dividends received from subsidiaries   $ 0 $ 0 0    
Total lease period 10 years          
Term of contract 5 years          
Renewal term 5 years          
Number of options to renew | option 9          
Additional term of contract, if renewed 45 years          
Operating lease right-of-use asset $ 16,800,000          
Long-term lease liabilities $ 16,800,000          
Weighted-average discount rate - operating leases   3.00%        
Parent Company | Total South Jersey Industries, Inc. Equity            
Other Income:            
Net Income   $ 88,091,000 157,084,000 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,091,000 157,084,000 76,917,000    
Other Comprehensive Income (Loss) - Net of Tax            
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,660,881,000 1,423,785,000 1,267,022,000    
Net Income   88,091,000 157,084,000 76,917,000    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   431,507,000 200,313,000 193,247,000    
Capital Contributions of Noncontrolling Interests in Subsidiaries   0        
Income from Equity Method Investments   69,478,000        
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   1,989,152,000 1,660,881,000 1,423,785,000    
Equity [Abstract]            
Total Equity   1,989,152,000 1,660,881,000 1,423,785,000   1,267,022,000
Parent Company | Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   125,740,000 115,493,000 106,883,000    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   20,935,000 10,247,000 8,610,000    
Ending balance   146,675,000 125,740,000 115,493,000    
Equity [Abstract]            
Total Equity   146,675,000 125,740,000 115,493,000   106,883,000
Parent Company | Premium on Common Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   1,218,000,000 1,027,902,000 843,268,000    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   410,538,000 190,098,000 184,634,000    
Income from Equity Method Investments   69,478,000        
Ending balance   1,559,060,000 1,218,000,000 1,027,902,000    
Equity [Abstract]            
Total Equity   1,559,060,000 1,218,000,000 1,027,902,000   843,268,000
Parent Company | Treasury Stock            
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   (321,000) (289,000) (292,000)    
Common Stock Issued or Granted Through Equity Offering or Stock Plans   34,000 (32,000) 3,000    
Ending balance   (287,000) (321,000) (289,000)    
Equity [Abstract]            
Total Equity   (287,000) (321,000) (289,000)   (292,000)
Parent Company | AOCL            
Other Comprehensive Income (Loss) - Net of Tax            
Other Comprehensive Income (Loss) - Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   (38,216,000) (32,558,000) (26,095,000)    
Other Comprehensive Income (Loss), Net of Tax   11,487,000 (5,658,000) (6,463,000)    
Ending balance   (26,729,000) (38,216,000) (32,558,000)    
Equity [Abstract]            
Total Equity   (26,729,000) (38,216,000) (32,558,000)   (26,095,000)
Parent Company | Retained Earnings            
Other Income:            
Net Income   88,091,000 157,084,000 76,917,000    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   88,091,000 157,084,000 76,917,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   355,678,000 313,237,000 343,258,000    
Net Income   88,091,000 157,084,000 76,917,000    
Cash Dividends Declared - Common Stock   (133,336,000) (114,643,000) (106,938,000)    
Ending balance   310,433,000 355,678,000 313,237,000    
Equity [Abstract]            
Total Equity   310,433,000 355,678,000 313,237,000   343,258,000
Parent Company | NCI            
Other Income:            
Net Income   474,000 (42,000)      
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]            
Net Income   474,000 (42,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance   5,995,000 0 0    
Net Income   474,000 (42,000)      
Capital Contributions of Noncontrolling Interests in Subsidiaries   3,820,000 6,037,000      
Ending balance   10,289,000 5,995,000 0    
Equity [Abstract]            
Total Equity   $ 10,289,000 $ 5,995,000 $ 0   $ 0