CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

12 Months Ended

Sep. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NEW JERSEY RESOURCES CORPORATION (Parent Company)

CONDENSED FINANCIAL STATEMENTS

YEARS ENDED SEPTEMBER 30, 2012, 2011 and 2010

STATEMENTS OF INCOME

(Thousands)
Fiscal years ended September 30,	2012		2011			2010
Operating revenues	$	—	$	—		$	—
Operating expenses	9,957		10,138			9,213
Operating loss	9,957		10,138			9,213
Other income	11,254		10,580			9,960
Interest expense	1,297		442			748
(Loss) before income taxes and equity in earnings of affiliates	—		—			(1		)
Income tax provision (benefit)	95		(11		)	57
Equity in earnings of subsidiaries	92,974		101,288			117,515
Net income	$	92,879	$	101,299		$	117,457

STATEMENTS OF COMPREHENSIVE INCOME

(Thousands)
Fiscal years ended September 30,	2012			2011		2010
Net Income	$	92,879		$	101,299	$	117,457
Adjustment to postemployment benefit obligation, net of tax of $348, $(205) and $323, respectively	(505		)	296		(467		)
Other comprehensive (loss) income	(505		)	296		(467		)
Comprehensive income	$	92,374		$	101,595	$	116,990

STATEMENTS OF CASH FLOWS

(Thousands)
Fiscal years ended September 30,	2012			2011			2010
Net cash provided from operating activities	$	47,491		$	60,937		$	40,370
Net cash (used in) investing activities	$	(115,236	)	$	(54,568	)	$	(41,397	)
Cash flows from (used in) financing activities:
Payments of long-term debt	$	(1,678	)	$	(77	)	$	—
Tax benefit from stock options exercised	780			2,007			669
Proceeds from common stock	13,834			13,704			6,487
Proceeds from long-term debt	100,000			—			—
Net proceeds from associated companies	13,315			54,538			79,361
Purchases of treasury stock	(8,768		)	(10,193		)	(29,650		)
Payments of common stock dividends	(61,688		)	(58,650		)	(53,137		)
Net proceeds (payments) of short-term debt	11,950			(7,750		)	(2,800		)
Cash flows from (used in) financing activities	$	67,745		$	(6,421	)	$	930
Change in cash and cash equivalents	$	—		$	(52	)	$	(97	)
Cash and cash equivalents, beginning of year	5			57			154
Cash and cash equivalents, end of year	$	5		$	5		$	57

SCHEDULE I

NEW JERSEY RESOURCES CORPORATION (Parent Company)

BALANCE SHEETS

(Thousands)
September 30,	2012		2011
ASSETS
Current assets	$	2,778	$	3,018
Investments	845,023		814,732
Intercompany receivable, net	241,021		139,193
Deferred charges and other assets	4,945		1,320
Total assets	$	1,093,767	$	958,263
CAPITALIZATION AND LIABILITIES
Current liabilities	$	127,525	$	131,117
Long-term debt	150,000		50,000
Deferred credits and other liabilities	2,377		889
Common stock equity	813,865		776,257
Total capitalization and liabilities	$	1,093,767	$	958,263

NOTE TO CONDENSED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

Pursuant to rules and regulations of the Securities and Exchange Commission (SEC), the unconsolidated condensed financial statements of New Jersey Resources Corporation (NJR) do not reflect all of the information and notes normally included with financial statements prepared in accordance with accounting principles generally accepted in the United States of America. Therefore, these condensed financial statements should be read in conjunction with the consolidated financial statements and related notes included in this Form 10-K.

NJR has accounted for the earnings of its subsidiaries under the equity method in these unconsolidated condensed financial statements. Cash dividends paid to NJR from its subsidiaries were $61.7 million, $58.7 million and $53.1 million during fiscal 2012, 2011 and 2010, respectively.