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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables)
 12 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information related to the Company's various business segments and other operations is detailed below:
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2013
2012
2011
Operating revenues
 
 
 
Natural Gas Distribution
 
 
 
External customers
$
787,987

$
627,713

$
971,724

Clean Energy Ventures
 
 
 
External customers
11,988

2,257

862

Energy Services
 
 
 
External customers (1)
2,351,084

1,577,851

1,996,997

Intercompany
5,494

2,760

55,306

Subtotal
3,156,553

2,210,581

3,024,889

Retail and Other
 
 
 
External customers
47,009

41,102

39,626

Intercompany
945

1,093

334

Eliminations
(6,439
)
(3,853
)
(55,640
)
Total
$
3,198,068

$
2,248,923

$
3,009,209

Depreciation and amortization
 
 
 
Natural Gas Distribution
$
37,999

$
35,247

$
33,140

Clean Energy Ventures
8,477

5,680

421

Energy Services
44

59

61

Midstream
6

6

6

Subtotal
46,526

40,992

33,628

Retail and Other
786

661

742

Eliminations
(2
)
(10
)
—

Total
$
47,310

$
41,643

$
34,370

Interest income (2)
 
 
 
Natural Gas Distribution
$
653

$
889

$
1,133

Energy Services
1

37

9

Midstream
1,065

1,098

901

Subtotal
1,719

2,024

2,043

Retail and Other
2

3

43

Eliminations
(884
)
(1,001
)
(870
)
Total
$
837

$
1,026

$
1,216

(1)
Includes sales to Canada, which accounted for 5.9 percent, 6.6 percent and 6.1 percent of total operating revenues during fiscal 2013, 2012 and 2011, respectively.
(2)
Included in other income on the Consolidated Statement of Operations.
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2013
2012
2011
Interest expense, net of capitalized interest
 
 
 
Natural Gas Distribution
$
14,995

$
14,890

$
14,875

Clean Energy Ventures
3,387

854

84

Energy Services
2,534

1,096

995

Midstream
1,962

2,665

3,165

Subtotal
22,878

19,505

19,119

Retail and Other
1,101

1,339

504

Total
$
23,979

$
20,844

$
19,623

Income tax provision (benefit)
 
 
 
Natural Gas Distribution
$
35,399

$
38,135

$
40,322

Clean Energy Ventures
(17,711
)
(32,507
)
(11,604
)
Energy Services
10,516

(4,950
)
3,281

Midstream
4,993

4,978

4,702

Subtotal
33,197

5,656

36,701

Retail and Other
2,550

2,178

1,033

Eliminations
(172
)
(105
)
(69
)
Total
$
35,575

$
7,729

$
37,665

Equity in earnings of affiliates
 
 
 
Midstream
$
13,868

$
14,308

$
14,904

Eliminations
(3,519
)
(3,674
)
(3,065
)
Total
$
10,349

$
10,634

$
11,839

Net financial earnings
 
 
 
Natural Gas Distribution
$
73,846

$
73,238

$
71,322

Clean Energy Ventures
10,060

19,452

6,761

Energy Services
19,311

10,791

18,583

Midstream
7,199

6,749

6,780

Subtotal
110,416

110,230

103,446

Retail and Other
3,292

2,366

3,087

Eliminations
(27
)
(179
)
—

Total
$
113,681

$
112,417

$
106,533

Capital expenditures
 
 
 
Natural Gas Distribution
$
137,083

$
116,455

$
101,993

Clean Energy Ventures
59,125

89,726

71,989

Subtotal
196,208

206,181

173,982

Retail and Other
1,042

1,334

3,549

Total
$
197,250

$
207,515

$
177,531

Investments in equity investees
 
 
 
Clean Energy Ventures
$
—

$
8,800

$
—

Total
$
—

$
8,800

$
—
Reconciliation of Consolidated Net Financial Earnings to Consolidated Net Income
A reconciliation of consolidated NFE to consolidated net income is as follows:
(Thousands)
2013
2012
2011
Consolidated net financial earnings
$
113,681

$
112,417

$
106,533

Less:
 
 
 
Unrealized (gain) loss from derivative instruments and related transactions, net of taxes (1) (2)
(5,956
)
22,631

23,320

Effects of economic hedging related to natural gas inventory, net of taxes (3)
4,828

(3,093
)
(18,086
)
Consolidated net income
$
114,809

$
92,879

$
101,299

(1)
Excludes unrealized losses related to an intercompany transaction between NJNG and NJRES that have been eliminated in consolidation of approximately $286,000, $142,000 and $130,000 for the fiscal years ended September 30, 2013, 2012 and 2011, respectively.
(2)
Amounts are net of taxes of approximately $(3.8) million, $13 million, and $13.4 million for the fiscal years ended September 30, 2013, 2012 and 2011, respectively.
(3)
Amounts are net of taxes of approximately $2.8 million, $(1.8) million and $(10.5) million for the fiscal years ended September 30, 2013, 2012 and 2011, respectively.
Reconciliation of Assets from Segment to Consolidated
The Company's assets for the various business segments and business operations are detailed below:
(Thousands)
2013
2012
2011
Assets at end of period
 
 
 
Natural Gas Distribution
$
2,094,940

$
2,005,520

$
1,942,691

Clean Energy Ventures
253,663

223,247

80,234

Energy Services
468,096

347,406

400,882

Midstream
153,536

157,779

159,940

Subtotal
2,970,235

2,733,952

2,583,747

Retail and Other
85,293

73,298

87,066

Intercompany assets (1)
(50,745
)
(37,245
)
(21,369
)
Total
$
3,004,783

$
2,770,005

$
2,649,444

(1)
Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.