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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,512,796 $ 3,324,611
Construction work in progress 152,894 182,196
Nonutility plant and equipment, at cost 1,271,786 1,124,896
Construction work in progress 447,964 365,346
Total property, plant and equipment 5,385,440 4,997,049
Accumulated depreciation and amortization, utility plant (648,817) (611,827)
Accumulated depreciation and amortization, nonutility plant and equipment (196,002) (171,709)
Property, plant and equipment, net 4,540,621 4,213,513
CURRENT ASSETS    
Cash and cash equivalents 27,693 4,749
Customer accounts receivable    
Billed 268,043 212,838
Unbilled revenues 15,032 10,351
Allowance for doubtful accounts (22,612) (24,652)
Regulatory assets 42,320 30,118
Natural gas in storage, at average cost 203,438 193,606
Materials and supplies, at average cost 22,401 19,561
Prepaid expenses 9,385 8,166
Prepaid and accrued taxes 36,076 51,211
Derivatives, at fair value 20,278 35,251
Restricted broker margin accounts 96,085 72,840
Other current assets 21,943 20,235
Total current assets 740,082 634,274
NONCURRENT ASSETS    
Investments in equity method investees 108,253 114,529
Regulatory assets 529,556 522,099
Operating lease assets 169,884 173,928
Derivatives, at fair value 6,472 3,403
Intangible assets, net 2,893 5,029
Software costs 5,909 5,582
Other noncurrent assets 58,251 49,921
Total noncurrent assets 881,218 874,491
Total assets 6,161,921 5,722,278
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding June 30, 2022 — 96,160,232; September 30, 2021 — 95,709,662 241,596 240,644
Premium on common stock 518,606 502,584
Accumulated other comprehensive loss, net of tax (31,437) (34,528)
Treasury stock at cost and other; shares June 30, 2022 — 692,472; September 30, 2021 — 762,313 (10,620) (12,448)
Retained earnings 1,050,538 934,610
Common stock equity 1,768,683 1,630,862
Long-term debt 2,524,565 2,162,164
Total capitalization 4,293,248 3,793,026
CURRENT LIABILITIES    
Current maturities of long-term debt 24,708 72,840
Short-term debt 370,350 377,300
Natural gas purchases payable 202,059 168,697
Natural gas purchases payable to related parties 855 861
Deferred revenue 46,049 1,745
Accounts payable and other 129,431 223,497
Dividends payable 34,858 34,768
Accrued taxes 6,991 3,356
Regulatory liabilities 50,574 28,007
New Jersey Clean Energy Program 17,648 16,308
Derivatives, at fair value 58,802 87,145
Operating lease liabilities 4,893 4,300
Customers' credit balances and deposits 22,216 32,586
Total current liabilities 969,434 1,051,410
NONCURRENT LIABILITIES    
Deferred income taxes 202,146 163,530
Deferred investment tax credits 2,780 3,010
Deferred revenue 776 847
Derivatives, at fair value 21,369 13,497
Manufactured gas plant remediation 120,587 135,012
Postemployment employee benefit liability 166,633 169,267
Regulatory liabilities 189,876 193,051
Operating lease liabilities 139,289 141,363
Asset retirement obligation 46,972 46,306
Other noncurrent liabilities 8,811 11,959
Total noncurrent liabilities 899,239 877,842
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 6,161,921 $ 5,722,278