CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

12 Months Ended

Sep. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY

NEW JERSEY RESOURCES CORPORATION (Parent Company)

CONDENSED FINANCIAL STATEMENTS

YEARS ENDED SEPTEMBER 30, 2013, 2012 and 2011

STATEMENTS OF INCOME

(Thousands)
Fiscal years ended September 30,	2013			2012		2011
Operating revenues	$	—		$	—	$	—
Operating expenses	9,781			9,957		10,138
Operating loss	9,781			9,957		10,138
Other income	10,896			11,254		10,580
Interest expense	1,116			1,297		442
(Loss) before income taxes and equity in earnings of affiliates	(1		)	—		—
Income tax provision (benefit)	76			95		(11		)
Equity in earnings of subsidiaries	114,886			92,974		101,288
Net income	$	114,809		$	92,879	$	101,299

STATEMENTS OF COMPREHENSIVE INCOME

(Thousands)
Fiscal years ended September 30,	2013		2012			2011
Net Income	$	114,809	$	92,879		$	101,299
Adjustment to postemployment benefit obligation, net of tax of $(962), $348 and $(205), respectively	1,393		(505		)	296
Other comprehensive (loss) income	1,393		(505		)	296
Comprehensive income	$	116,202	$	92,374		$	101,595

STATEMENTS OF CASH FLOWS

(Thousands)
Fiscal years ended September 30,	2013			2012			2011
Net cash provided from operating activities	$	87,447		$	47,491		$	60,937
Net cash (used in) investing activities	$	(102,134	)	$	(115,236	)	$	(54,568	)
Cash flows from (used in) financing activities:
Payments of long-term debt	$	(64	)	$	(1,678	)	$	(77	)
Tax benefit from stock options exercised	173			780			2,007
Proceeds from common stock	37,740			13,834			13,704
Proceeds from long-term debt	—			100,000			—
Net proceeds from associated companies	18,515			13,315			54,538
Purchases of treasury stock	(26,606		)	(8,768		)	(10,193		)
Payments of common stock dividends	(67,230		)	(61,688		)	(58,650		)
Net proceeds (payments) of short-term debt	52,200			11,950			(7,750		)
Cash flows from (used in) financing activities	$	14,728		$	67,745		$	(6,421	)
Change in cash and cash equivalents	$	41		$	—		$	(52	)
Cash and cash equivalents, beginning of year	5			5			57
Cash and cash equivalents, end of year	$	46		$	5		$	5

SCHEDULE I

NEW JERSEY RESOURCES CORPORATION (Parent Company)

BALANCE SHEETS

(Thousands)
September 30,	2013		2012
ASSETS
Current assets	$	39,734	$	2,778
Investments	900,336		845,023
Intercompany receivable, net	292,070		241,021
Deferred charges and other assets	5,308		4,945
Total assets	$	1,237,448	$	1,093,767
CAPITALIZATION AND LIABILITIES
Current liabilities	$	197,592	$	127,525
Long-term debt	150,000		150,000
Deferred credits and other liabilities	2,503		2,377
Common stock equity	887,353		813,865
Total capitalization and liabilities	$	1,237,448	$	1,093,767

NOTE TO CONDENSED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

Pursuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of NJR do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP in the United States. 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 $67.2 million, $61.7 million and $58.7 million during fiscal 2013, 2012 and 2011, respectively.