8-K 1 form8-kreclassifiedfinanci.htm 8-K 8-K


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report 
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2016
 
 
 
 
 
 
 
 
Commission
File Number
  
Exact name of registrant as specified in its charter
and principal office address and telephone number
  
State of Incorporation
  
I.R.S.
Employer
Identification
No.
1-16163
  
WGL Holdings, Inc.
101 Constitution Ave., N.W.
Washington, D.C. 20080
(703) 750-2000
  
Virginia
  
52-2210912
0-49807
  
Washington Gas Light Company
101 Constitution Ave., N.W.
Washington, D.C. 20080
(703) 750-4440
  
District of
Columbia
and Virginia
  
53-0162882
Former name or former address, if changed since last report: None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 






ITEM 8.01 OTHER EVENTS

As result of the early adoption of ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes during the first quarter of fiscal year 2016, WGL Holdings, Inc. (WGL) and Washington Gas Light Company (Washington Gas) are recasting certain information with respect to the Annual Report on Form 10-K for the year ended September 30, 2015 (the “2015 Form 10-K”) that was filed with the Securities and Exchange Commission (SEC) as of November 19, 2015. ASU 2015-17 amends the requirements to separately classify deferred income tax liabilities and assets into current and noncurrent amounts on a classified balance sheet and requires all deferred income tax liabilities and assets to be offset by taxing jurisdiction and classified as noncurrent. WGL and Washington Gas applied ASU 2015-17 retrospectively. As a result of the retrospective adoption, $32.8 million and $24.7 million were reclassified from "Current Assets-Deferred income taxes" to "Deferred Credits-Deferred income taxes" on WGL's and Washington Gas' September 30, 2015 balance sheets, respectively, and $26.7 million and $22.9 million were reclassified from "Current Assets-Deferred income taxes" to "Deferred Credits-Deferred income taxes" on WGL's and Washington Gas' September 30, 2014 balance sheets, respectively. The Items in the 2015 Form 10-K that have been recast to reflect these reclassifications are presented in Exhibits 99.1 and 99.2 to this Form 8-K.

The information included in this Form 8-K and related exhibits is presented for informational purposes in connection with the reporting changes described above and does not represent an amendment or restatement of previously issued financial statements.  This Form 8-K and the related exhibits do not modify or update the disclosures in the 2015 Form 10-K in any way, nor do they reflect any subsequent information or events, other than as described above. This Form 8-K and the related exhibits should be read in conjunction with the 2015 Form 10-K and any documents filed by WGL or Washington Gas with the SEC subsequent to the 2015 Form 10-K, including our Quarterly Report on Form 10-Q for the quarter ended December 31, 2015, filed with the SEC on February 5, 2016.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)   Exhibits
Exhibits Filed Herewith:
Exhibit No.
Description
23
Consent of Deloitte & Touche LLP
99.1
Selected Financial Data
99.2
Financial Statements and Supplementary Data
101.INS
XBRL Instance Document
101.SCH
XBRL Schema Document
101.CAL
XBRL Calculation Linkbase Document
101.LAB
XBRL Labels Linkbase Document
101.PRE
XBRL Presentation Linkbase Document
101.DEF
XBRL Definition Linkbase Document

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this Report to be signed on their behalf by the undersigned hereunto duly authorized.
 
 
 
 
WGL Holdings, Inc.
 
 
 
 
and
 
 
 
 
Washington Gas Light Company
 
 
 
 
(Registrants)
Date:  March 16, 2016
 
 
 
/s/    William R. Ford        
 
 
 
 
William R. Ford
 
 
 
 
Vice President & Chief Accounting Officer
 
 
 
 
(Principal Accounting Officer)