XML 39 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
INFORMATION BY OPERATING SEGMENT (Tables)
 6 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of operating segment information
 
Gas Utility
 
Gas Marketing
 
Other
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
790.6

 
$
21.3

 
$
1.5

 
$
—

 
$
813.4

Intersegment revenues
0.2

 
—

 
2.9

 
(3.1
)
 
—

Total Operating Revenues
790.8

 
21.3

 
4.4

 
(3.1
)
 
813.4

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
403.2

 
—

 
—

 
(19.5
)
 
383.7

Operation and maintenance
145.8

 
—

 
—

 
(2.2
)
 
143.6

Depreciation and amortization
41.1

 
—

 
—

 
—

 
41.1

Taxes, other than income taxes
58.0

 
—

 
—

 
—

 
58.0

Total Gas Utility Operating Expenses
648.1

 
—

 
—

 
(21.7
)
 
626.4

Gas Marketing and Other
—

 
20.2

 
6.4

 
18.6

 
45.2

Total Operating Expenses
648.1

 
20.2

 
6.4

 
(3.1
)
 
671.6

Operating Income (Loss)
$
142.7

 
$
1.1

 
$
(2.0
)
 
$
—

 
$
141.8

Net Economic Earnings (Loss)
$
131.7

 
$
10.2

 
$
(4.7
)
 
$
—

 
$
137.2

 
 
 
 
 
 
 
 
 
 

 
Gas Utility
 
Gas Marketing
 
Other
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
641.1

 
$
22.2

 
$
0.1

 
$
—

 
$
663.4

Intersegment revenues
2.6

 
—

 
1.7

 
(4.3
)
 
—

Total Operating Revenues
643.7

 
22.2

 
1.8

 
(4.3
)
 
663.4

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
275.6

 
—

 
—

 
(21.3
)
 
254.3

Operation and maintenance
99.3

 
—

 
—

 
(0.9
)
 
98.4

Depreciation and amortization
37.9

 
—

 
—

 
—

 
37.9

Taxes, other than income taxes
48.3

 
—

 
—

 
—

 
48.3

Total Gas Utility Operating Expenses
461.1

 
—

 
—

 
(22.2
)
 
438.9

Gas Marketing and Other
—

 
23.9

 
2.3

 
17.9

 
44.1

Total Operating Expenses
461.1

 
23.9

 
2.3

 
(4.3
)
 
483.0

Operating Income (Loss)
$
182.6

 
$
(1.7
)
 
$
(0.5
)
 
$
—

 
$
180.4

Net Economic Earnings (Loss)
$
112.2

 
$
—

 
$
(3.2
)
 
$
—

 
$
109.0

 
 
 
 
 
 
 
 
 
 
 
Gas Utility
 
Gas Marketing
 
Other
 
Eliminations
 
Consolidated
Six Months Ended March 31, 2018
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,332.5

 
$
40.9

 
$
1.8

 
$
—

 
$
1,375.2

Intersegment revenues
0.3

 
—

 
5.4

 
(5.7
)
 
—

Total Operating Revenues
1,332.8

 
40.9

 
7.2

 
(5.7
)
 
1,375.2

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
666.6

 
—

 
—

 
(42.1
)
 
624.5

Operation and maintenance
245.6

 
—

 
—

 
(4.1
)
 
241.5

Depreciation and amortization
81.4

 
—

 
—

 
—

 
81.4

Taxes, other than income taxes
94.7

 
—

 
—

 
—

 
94.7

Total Gas Utility Operating Expenses
1,088.3

 
—

 
—

 
(46.2
)
 
1,042.1

Gas Marketing and Other
—

 
34.8

 
10.9

 
40.5

 
86.2

Total Operating Expenses
1,088.3

 
34.8

 
10.9

 
(5.7
)
 
1,128.3

Operating Income (Loss)
$
244.5

 
$
6.1

 
$
(3.7
)
 
$
—

 
$
246.9

Net Economic Earnings (Loss)
$
191.2

 
$
13.8

 
$
(9.9
)
 
$
—

 
$
195.1

 
 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2017
 

 
 

 
 

 
 

 
 

Operating Revenues:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,113.4

 
$
43.9

 
$
1.2

 
$
—

 
$
1,158.5

Intersegment revenues
7.0

 
—

 
2.4

 
(9.4
)
 
—

Total Operating Revenues
1,120.4

 
43.9

 
3.6

 
(9.4
)
 
1,158.5

Operating Expenses:
 
 
 
 
 
 
 
 
 
Gas Utility
 
 
 
 
 
 
 
 
 
Natural and propane gas
490.1

 
—

 
—

 
(42.0
)
 
448.1

Operation and maintenance
199.8

 
—

 
—

 
(2.0
)
 
197.8

Depreciation and amortization
75.6

 
—

 
—

 
—

 
75.6

Taxes, other than income taxes
81.7

 
—

 
—

 
—

 
81.7

Total Gas Utility Operating Expenses
847.2

 
—

 
—

 
(44.0
)
 
803.2

Gas Marketing and Other
—

 
46.9

 
4.3

 
34.6

 
85.8

Total Operating Expenses
847.2

 
46.9

 
4.3

 
(9.4
)
 
889.0

Operating Income (Loss)
$
273.2

 
$
(3.0
)
 
$
(0.7
)
 
$
—

 
$
269.5

Net Economic Earnings (Loss)
$
164.0

 
$
1.4

 
$
(8.9
)
 
$
—

 
$
156.5

The Company’s total assets by segment were as follows:
 
March 31,
 
September 30,
 
March 31,
 
2018
 
2017
 
2017
Total Assets:
Gas Utility
$
5,484.3

 
$
5,551.2

 
$
5,290.8

Gas Marketing
208.6

 
246.2

 
218.2

Other
2,211.9

 
2,239.5

 
2,199.1

Eliminations
(1,318.0
)
 
(1,490.2
)
 
(1,451.4
)
Total Assets
$
6,586.8

 
$
6,546.7

 
$
6,256.7
Schedule of reconciliation of consolidated net economic earnings to consolidated net income
The following table reconciles the Company’s net economic earnings to net income.
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2018
 
2017
 
2018
 
2017
Net Income
$
98.2

 
$
108.0

 
$
214.2

 
$
153.2

Adjustments, pre-tax:
 
 
 
 
 
 
 
Missouri regulatory adjustments
30.6

 
—

 
30.6

 
—

Unrealized loss on energy-related derivative contracts
11.8

 
1.6

 
12.6

 
5.4

Lower of cost or market inventory adjustments
—

 
0.1

 
—

 
—

Realized gain on economic hedges prior to sale of the physical commodity
(0.2
)
 
(0.1
)
 
(0.3
)
 
(0.2
)
Acquisition, divestiture and restructuring activities
2.0

 
0.1

 
3.7

 
0.2

Income tax effect of adjustments
(11.1
)
 
(0.7
)
 
(11.7
)
 
(2.1
)
Effects of the Tax Cuts and Jobs Act
5.9

 
—

 
(54.0
)
 
—

Net Economic Earnings
$
137.2

 
$
109.0

 
$
195.1

 
$
156.5