XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 12,413 $ 9,704
Accounts receivable    
Allowance for doubtful accounts (5,296) (6,549)
Accounts receivable, net of allowance for doubtful accounts of $6,070 at September 30, 2013, and $6,549 at December 31, 2012 200,043 277,900
Inventories    
Storage gas inventory 39,507 32,205
Materials and supplies 19,187 28,291
Liquified natural gas in storage 2,990 3,498
Regulatory asset 11,213 45,515
Income tax receivable 7,653 6,664
Assets held for sale 183,862 0
Deferred income taxes 42,722 8,520
Prepayments and other 12,996 12,823
Total current assets 532,586 425,120
Property, Plant and Equipment    
Oil and gas properties, successful efforts method 6,655,343 6,439,127
Less accumulated depreciation, depletion and amortization 1,657,682 1,765,241
Oil and gas properties, net 4,997,661 4,673,886
Utility plant 1,471,174 1,416,590
Less accumulated depreciation 594,604 573,947
Utility plant, net 876,570 842,643
Other property, net 29,733 25,107
Total property, plant and equipment, net 5,903,964 5,541,636
Other Assets    
Regulatory asset 89,004 110,566
Pension and other postretirement assets 17,417 1,404
Long-term derivative instruments 12,786 40,577
Deferred charges and other 59,115 56,587
Total other assets 178,322 209,134
TOTAL ASSETS 6,614,872 6,175,890
Current Liabilities    
Long-term debt due within one year 125,000 50,000
Notes payable to banks 901,000 643,000
Accounts payable 256,109 257,579
Accrued taxes 51,878 30,076
Customers’ deposits 20,531 24,705
Amounts due customers 19,974 19,718
Accrued wages and benefits 25,896 24,984
Regulatory liability 40,168 45,116
Royalty payable 49,976 34,426
Liabilities related to assets held for sale 23,945 0
Other 26,812 30,178
Total current liabilities 1,541,289 1,159,782
Long-term debt 1,028,509 1,103,528
Deferred Credits and Other Liabilities    
Asset retirement obligation 106,604 118,023
Pension and other postretirement liabilities 90,893 110,282
Regulatory liability 81,414 80,404
Long-term derivative instruments 1,961 11,305
Deferred income taxes 979,898 905,601
Other 14,638 10,275
Total deferred credits and other liabilities 1,275,408 1,235,890
Commitments and Contingencies      
Shareholders’ Equity    
Preferred stock, cumulative $0.01 par value 0 0
Common shareholders’ equity    
Common stock, $0.01 par value 755 751
Premium on capital stock 514,784 492,108
Capital surplus 2,802 2,802
Retained earnings 2,403,062 2,314,055
Accumulated other comprehensive income (loss), net of tax    
Unrealized gain on hedges, net 16,730 46,352
Pension and postretirement plans (43,629) (52,507)
Interest rate swap (1,365) (2,156)
Deferred compensation plan 3,319 2,774
Treasury stock, at cost: 2,977,920 shares at September 30, 2013, and 2,998,620 shares at December 31, 2012 (126,792) (127,489)
Total shareholders’ equity 2,769,666 2,676,690
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 6,614,872 6,175,890
Alabama Gas Corporation
   
Current Assets    
Cash and cash equivalents 8,541 5,559
Accounts receivable    
Gas 39,962 94,011
Other 4,655 5,117
Affiliated companies 6,579 5,742
Allowance for doubtful accounts (5,300) (5,700)
Inventories    
Storage gas inventory 39,507 32,205
Materials and supplies 5,401 5,528
Liquified natural gas in storage 2,990 3,498
Regulatory asset 11,213 45,515
Income tax receivable 1,601 2,762
Deferred income taxes 22,314 18,799
Prepayments and other 6,595 4,451
Total current assets 144,058 217,487
Property, Plant and Equipment    
Utility plant 1,471,174 1,416,590
Less accumulated depreciation 594,604 573,947
Utility plant, net 876,570 842,643
Other property, net 41 42
Other Assets    
Regulatory asset 89,004 110,566
Pension and other postretirement assets 13,399 848
Deferred charges and other 10,994 11,290
Total other assets 113,397 122,704
TOTAL ASSETS 1,134,066 1,182,876
Current Liabilities    
Notes payable to banks 49,000 77,000
Accounts payable 32,997 51,741
Accrued taxes 28,635 24,186
Customers’ deposits 20,531 24,705
Amounts due customers 19,974 19,718
Accrued wages and benefits 8,154 6,703
Regulatory liability 40,168 45,116
Other 9,293 9,018
Total current liabilities 208,752 258,187
Long-term debt 249,973 250,028
Deferred Credits and Other Liabilities    
Pension and other postretirement liabilities 28,371 43,611
Regulatory liability 81,414 80,404
Deferred income taxes 199,372 189,381
Other 1,446 762
Total deferred credits and other liabilities 310,603 314,158
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 330,234 325,999
Accumulated other comprehensive income (loss), net of tax    
Total shareholders’ equity 364,738 360,503
Total capitalization 614,711 610,531
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,134,066 $ 1,182,876