XML 27 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Sep. 30, 2017
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,368,914 $ 2,241,324
Construction work in progress 192,481 119,318
Nonutility plant and equipment, at cost 697,406 843,142
Construction work in progress 45,690 7,286
Total property, plant and equipment 3,304,491 3,211,070
Accumulated depreciation and amortization, utility plant (530,753) (489,122)
Accumulated depreciation and amortization, nonutility plant and equipment (122,689) (112,207)
Property, plant and equipment, net 2,651,049 2,609,741
CURRENT ASSETS    
Cash and cash equivalents 1,458 2,226
Customer accounts receivable:    
Billed 205,490 196,467
Unbilled revenues 7,199 7,202
Allowance for doubtful accounts (5,704) (5,181)
Regulatory assets 18,297 50,791
Gas in storage, at average cost 184,633 202,063
Materials and supplies, at average cost 13,910 11,944
Prepaid and accrued taxes 23,047 24,764
Derivatives, at fair value 27,396 30,081
Restricted broker margin accounts 53,719 25,827
Asset held for sale 206,905 0
Other current assets 33,730 33,260
Total current assets 770,080 579,444
NONCURRENT ASSETS    
Investments in equity investees 190,866 172,585
Regulatory assets 368,592 375,919
Derivatives, at fair value 10,560 9,164
Available for sale securities 32,917 65,752
Intangible assets 23,375 41,084
Other noncurrent assets 96,225 74,818
Total noncurrent assets 722,535 739,322
Total assets 4,143,664 3,928,507
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; Outstanding September 30, 2018 — 88,292,956; September 30, 2017 — 86,555,507 226,196 222,258
Premium on common stock 274,748 219,696
Accumulated other comprehensive loss, net of tax (12,610) (3,256)
Treasury stock, at cost and other; Shares September 30, 2018 — 2,185,013; September 30, 2017 — 2,347,380 (76,473) (70,039)
Retained earnings 1,007,117 867,984
Common stock equity 1,418,978 1,236,643
Long-term debt 1,180,619 997,080
Total capitalization 2,599,597 2,233,723
CURRENT LIABILITIES    
Current maturities of long-term debt 123,545 165,375
Short-term debt 151,950 266,000
Gas purchases payable 211,303 160,115
Gas purchases payable to related parties 1,150 1,152
Accounts payable and other 135,240 96,878
Dividends payable 25,824 23,586
Accrued taxes 1,568 2,031
Regulatory liabilities 8,185 78
New Jersey Clean Energy Program 14,052 14,202
Derivatives, at fair value 46,652 46,544
Liabilities held for sale 4,182 0
Customers’ credit balances and deposits 27,325 26,957
Total current liabilities 750,976 802,918
NONCURRENT LIABILITIES    
Deferred income taxes 242,436 514,708
Deferred investment tax credits 3,976 4,297
Deferred gain 9,104 27,728
Derivatives, at fair value 22,982 11,330
Manufactured gas plant remediation 130,800 149,000
Postemployment employee benefit liability 137,007 128,888
Regulatory liabilities 209,139 14,507
Asset retirement obligation 28,688 31,420
Other noncurrent liabilities 8,959 9,988
Total noncurrent liabilities 793,091 891,866
Commitments and contingent liabilities
Total capitalization and liabilities $ 4,143,664 $ 3,928,507