XML 46 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations and Held for Sale Properties (Tables)
 3 Months Ended
Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The table below provides a detail of these items included in income (loss) from discontinued operations as follows:

Three months ended March 31, (in thousands)
 
2014
Alagasco net income
 
$
43,028

Depreciation, depletion and amortization
 
(152
)
General and administrative
 
940

Interest expense
 
(5,787
)
Other income
 
(119
)
Income tax expense
 
1,935

Alagasco income from discontinued operations
 
39,845

Energen loss from discontinued operations
 
(1,126
)
Income from discontinued operations
 
$
38,719

(in thousands, except per share data)
Three months
ended
March 31, 2014
Natural gas distribution revenues
$
263,900

Oil and natural gas revenues
4,812

Total revenues
$
268,712

Pretax income from discontinued operations
$
62,316

Income tax expense
23,597

Income From Discontinued Operations
$
38,719

Loss on disposal of discontinued operations
$
(1,667
)
Income tax benefit
(617
)
Loss on Disposal of Discontinued Operations
$
(1,050
)
Total Income From Discontinued Operations
$
37,669

Diluted Earnings Per Average Common Share
 
Income from discontinued operations
$
0.53

Loss on disposal of discontinued operations
(0.01
)
Total Income From Discontinued Operations
$
0.52

Basic Earnings Per Average Common Share
 
Income from discontinued operations
$
0.53

Loss on disposal of discontinued operations
(0.01
)
Total Income From Discontinued Operations
$
0.52

As discussed in Note 13, Acquisition and Disposition of Properties, the following table details held for sale properties by major classes of assets and liabilities:

(in thousands)
December 31, 2014
 
 
 
 
 
San Juan Basin*
Oil and natural gas properties
 
 
 
$
1,166,124

Less accumulated depreciation, depletion and amortization
 
 
 
(770,327
)
Total assets held for sale
 
 
 
395,797

Other long-term liabilities
 
 
 
(24,230
)
Total liabilities held for sale
 
 
 
(24,230
)
Total net assets held for sale



$
371,567

*The San Juan Basin natural gas assets which were held for sale as of December 31, 2014, did not qualify for discontinued operations as we have ongoing operations in the San Juan Basin.