XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Property, Plant and Equipment:    
Utility Plant, at original cost $ 5,775,603 $ 5,682,805
Accumulated Depreciation (997,976) (975,619)
Nonutility Property and Equipment, at cost 262,704 240,503
Accumulated Depreciation (37,342) (35,367)
Property, Plant and Equipment - Net 5,002,989 4,912,322
Investments:    
Available-for-Sale Securities 37 37
Restricted 84 686
Investment in Affiliates 53,884 38,509
Total Investments 54,005 39,232
Current Assets:    
Cash and Cash Equivalents 32,522 28,754
Accounts Receivable 407,313 343,835
Unbilled Revenues 74,296 87,357
Provision for Uncollectibles (46,969) (41,763)
Notes Receivable - Affiliates 2,995 5,695
Natural Gas in Storage, average cost 19,613 59,744
Materials and Supplies, average cost 1,082 1,053
Prepaid Taxes 12,100 33,977
Derivatives - Energy Related Assets 150,133 95,041
Other Prepayments and Current Assets 24,271 25,269
Total Current Assets 677,356 638,962
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 624,229 672,416
Derivatives - Energy Related Assets 52,102 22,488
Notes Receivable - Affiliates 79,080 64,254
Contract Receivables 47,103 45,339
Goodwill 706,960 706,960
Other 213,002 206,699
Total Regulatory and Other Noncurrent Assets 1,722,476 1,718,156
Total Assets 7,456,826 7,308,672
Equity:    
Common Stock 153,009 146,675
Premium on Common Stock 1,653,313 1,559,060
Treasury Stock (at par) (255) (287)
Accumulated Other Comprehensive Loss (26,720) (26,729)
Retained Earnings 403,244 310,433
Total South Jersey Industries, Inc. Equity 2,182,591 1,989,152
Noncontrolling Interests 10,337 10,289
Total Equity 2,192,928 1,999,441
Long-Term Debt 3,187,571 3,189,009
Total Capitalization 5,380,499 5,188,450
Current Liabilities:    
Notes Payable 90,700 334,000
Current Portion of Long-Term Debt 66,076 66,076
Accounts Payable 358,632 330,164
Customer Deposits and Credit Balances 26,581 40,355
Environmental Remediation Costs 37,506 40,905
Taxes Accrued 7,844 4,937
Derivatives - Energy Related Liabilities 93,458 60,002
Deferred Contract Revenues 532 753
Derivatives - Other Current 435 568
Dividends Payable 36,398 0
Interest Accrued 37,580 23,611
Other Current Liabilities 53,049 54,311
Total Current Liabilities 808,791 955,682
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 241,220 198,901
Environmental Remediation Costs 123,109 125,176
Asset Retirement Obligations 231,113 229,030
Derivatives - Energy Related Liabilities 34,681 16,079
Derivatives - Other Noncurrent 5,582 7,432
Regulatory Liabilities 443,639 398,951
Other 188,192 188,971
Total Deferred Credits and Other Noncurrent Liabilities 1,267,536 1,164,540
Commitments and Contingencies  (Note 11)
Total Capitalization and Liabilities $ 7,456,826 $ 7,308,672