XML 125 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 9,704 $ 9,541
Accounts receivable    
Allowance for doubtful accounts (6,549) (12,946)
Accounts receivable, net of allowance for doubtful accounts of $12,946 at December 31, 2011, and $15,048 at December 31, 2010 277,900 231,925
Inventories    
Storage gas inventory 32,205 44,047
Materials and supplies 28,291 26,420
Liquified natural gas in storage 3,498 3,545
Regulatory asset 45,515 57,143
Income tax receivable 6,664 7,343
Deferred income taxes 8,520 48,818
Prepayments and other 12,823 15,386
Total current assets 425,120 444,168
Property, Plant and Equipment    
Oil and gas properties, successful efforts method 6,439,127 5,166,368
Less accumulated depreciation, depletion and amortization 1,765,241 1,382,526
Oil and gas properties, net 4,673,886 3,783,842
Utility plant 1,416,590 1,358,266
Less accumulated depreciation 573,947 544,838
Utility plant, net 842,643 813,428
Other property, net 25,107 23,506
Total property, plant and equipment, net 5,541,636 4,620,776
Other Assets    
Regulatory asset 110,566 95,633
Pension and other postretirement assets 1,404 0
Long-term derivative instruments 40,577 31,056
Deferred charges and other 56,587 45,783
Total other assets 209,134 172,472
TOTAL ASSETS 6,175,890 5,237,416
Current Liabilities    
Long-term debt due within one year 50,000 1,000
Notes payable to banks 643,000 15,000
Accounts payable 257,579 302,048
Accrued taxes 30,076 32,359
Customers' deposits 24,705 23,950
Amounts due customers 19,718 21,065
Accrued wages and benefits 24,984 35,258
Regulatory liability 45,116 58,279
Royalty payable 34,426 22,592
Deferred income taxes 24,667 1,469
Other 30,178 32,328
Total current liabilities 1,159,782 543,879
Long-term debt 1,103,528 1,153,700
Deferred Credits and Other Liabilities    
Asset retirement obligation 118,023 107,340
Pension and other postretirement liabilities 110,282 62,532
Regulatory liability 80,404 87,234
Deferred income taxes 905,601 806,127
Long-term derivative instruments 11,305 34,663
Other 10,275 9,778
Total deferred credits and other liabilities 1,235,890 1,107,674
Commitments and Contingencies      
Shareholders' Equity    
Preferred stock, cumulative $0.01 par value 0 0
Common shareholders' equity    
Common stock, $0.01 par value 751 750
Premium on capital stock 492,108 482,918
Capital surplus 2,802 2,802
Retained earnings 2,314,055 2,100,885
Accumulated other comprehensive income (loss), net of tax    
Unrealized gain (loss) on hedges, net 46,352 9,273
Pension and postretirement plans (52,507) (38,584)
Interest rate swap (2,156) (941)
Deferred compensation plan 2,774 3,511
Treasury stock, at cost; 3,036,549 shares and 3,024,847 shares at December 31, 2011 and 2010, respectively (127,489) (128,451)
Total shareholders' equity 2,676,690 2,432,163
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 6,175,890 5,237,416
Alabama Gas Corporation
   
Current Assets    
Cash and cash equivalents 5,559 7,817
Accounts receivable    
Gas 94,011 96,812
Other 5,117 6,858
Affiliated companies 5,742 2,841
Allowance for doubtful accounts (5,700) (12,100)
Inventories    
Storage gas inventory 32,205 44,047
Materials and supplies 5,528 4,183
Liquified natural gas in storage 3,498 3,545
Regulatory asset 45,515 57,143
Income tax receivable 2,762 9,762
Deferred income taxes 18,799 21,986
Prepayments and other 4,451 4,422
Total current assets 217,487 247,316
Property, Plant and Equipment    
Utility plant 1,416,590 1,358,266
Less accumulated depreciation 573,947 544,838
Utility plant, net 842,643 813,428
Other property, net 42 43
Other Assets    
Regulatory asset 110,566 95,633
Pension and other postretirement assets 848 0
Deferred charges and other 11,290 10,380
Total other assets 122,704 106,013
TOTAL ASSETS 1,182,876 1,166,800
Current Liabilities    
Long-term debt due within one year 0 0
Notes payable to banks 77,000 15,000
Accounts payable 51,741 110,552
Accrued taxes 24,186 26,861
Customers' deposits 24,705 23,950
Amounts due customers 19,718 21,065
Accrued wages and benefits 6,703 12,971
Regulatory liability 45,116 58,279
Deferred income taxes 1,401 1,348
Other 9,018 9,250
Total current liabilities 258,187 277,928
Long-term debt 250,028 250,246
Deferred Credits and Other Liabilities    
Pension and other postretirement liabilities 43,611 21,383
Regulatory liability 80,404 87,234
Deferred income taxes 189,381 181,492
Long-term derivative instruments 0 3,070
Other 762 709
Total deferred credits and other liabilities 314,158 293,888
Commitments and Contingencies      
Shareholders' Equity    
Preferred stock, cumulative $0.01 par value 0 0
Common shareholders' equity    
Common stock, $0.01 par value 20 20
Premium on capital stock 31,682 31,682
Capital surplus 2,802 2,802
Retained earnings 325,999 310,234
Accumulated other comprehensive income (loss), net of tax    
Total shareholders' equity 360,503 344,738
Total capitalization 610,531 594,984
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,182,876 $ 1,166,800