XML 54 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)
 3 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information related to the Company's various reporting segments and other operations is detailed below:
 
Three Months Ended
 
December 31,
(Thousands)
2017
2016
Operating revenues
 
 
Natural Gas Distribution
 
 
External customers
$
209,787

$
185,556

Clean Energy Ventures
 
 
External customers
13,996

7,567

Energy Services
 
 
External customers (1)
472,171

338,930

Intercompany
5,810

(1,749
)
Subtotal
701,764

530,304

Home Services and Other
 
 
External customers
9,351

8,975

Intercompany
606

1,031

Eliminations
(6,416
)
718

Total
$
705,305

$
541,028

Depreciation and amortization
 
 
Natural Gas Distribution
$
12,783

$
12,030

Clean Energy Ventures
8,935

7,041

Energy Services
14

16

Midstream
1

1

Subtotal
21,733

19,088

Home Services and Other
188

221

Eliminations
(67
)
(49
)
Total
$
21,854

$
19,260

Interest income (2)
 
 
Natural Gas Distribution
$
119

$
75

Midstream
664

462

Subtotal
783

537

Home Services and Other
204

121

Eliminations
(931
)
(583
)
Total
$
56

$
75

(1)
Includes sales to Canada, which accounted for .02 and 1.9 percent of total operating revenues during the three months ended December 31, 2017 and 2016, respectively.
(2)
Included in other income, net on the Unaudited Condensed Consolidated Statements of Operations.
 
Three Months Ended
 
December 31,
(Thousands)
2017
2016
Interest expense, net of capitalized interest
 
 
Natural Gas Distribution
$
6,536

$
6,824

Clean Energy Ventures
4,208

3,324

Energy Services
1,257

571

Midstream
309

56

Subtotal
12,310

10,775

Home Services and Other
90

74

Eliminations
(495
)
(234
)
Total
$
11,905

$
10,615

Income tax provision (benefit)
 
 
Natural Gas Distribution
$
11,704

$
14,887

Clean Energy Ventures
(73,988
)
(11,887
)
Energy Services
13,743

(3,176
)
Midstream
(12,843
)
1,649

Subtotal
(61,384
)
1,473

Home Services and Other
11,698

(245
)
Eliminations
(482
)
790

Total
$
(50,168
)
$
2,018

Equity in earnings of affiliates
 
 
Midstream
$
4,129

$
3,331

Eliminations
(865
)
(1,020
)
Total
$
3,264

$
2,311

Net financial earnings
 
 
Natural Gas Distribution
$
34,109

$
30,348

Clean Energy Ventures
71,250

2,842

Energy Services
20,274

3,487

Midstream
17,511

2,387

Subtotal
143,144

39,064

Home Services and Other
(7,716
)
1,542

Eliminations
(95
)
(223
)
Total
$
135,333

$
40,383

Capital expenditures
 
 
Natural Gas Distribution
$
47,390

$
38,855

Clean Energy Ventures
18,387

46,785

Subtotal
65,777

85,640

Home Services and Other
1,313

171

Total
$
67,090

$
85,811

Investments in equity investees
 
 
Midstream
$
7,202

$
4,636

Total
$
7,202

$
4,636
Reconciliation of Consolidated NFE to Consolidated Net Income
A reconciliation of consolidated NFE to consolidated net income is as follows:
 
Three Months Ended
 
December 31,
(Thousands)
2017
2016
Net financial earnings
$
135,333

$
40,383

Less:
 
 
Unrealized loss on derivative instruments and related transactions
34,855

28,302

Tax effect
(8,059
)
(9,757
)
Effects of economic hedging related to natural gas inventory
(25,387
)
(17,939
)
Tax effect
8,244

6,204

Net income to NFE tax adjustment
1,981

(1,356
)
Net income
$
123,699

$
34,929
Reconciliation of Assets from Segment to Consolidated
The Company's assets for the various business segments and business operations are detailed below:
(Thousands)
December 31,
2017
September 30,
2017
Assets at end of period:
 
 
Natural Gas Distribution
$
2,590,623

$
2,519,578

Clean Energy Ventures
797,951

771,340

Energy Services
547,388

398,277

Midstream
248,498

232,806

Subtotal
4,184,460

3,922,001

Home Services and Other
125,149

114,801

Intercompany assets (1)
(122,681
)
(108,295
)
Total
$
4,186,928

$
3,928,507

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