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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Sep. 30, 2022
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,742,373 $ 3,576,691
Construction work in progress 235,998 162,087
Nonutility plant and equipment, at cost 1,745,135 1,577,259
Construction work in progress 126,923 199,679
Total property, plant and equipment 5,850,429 5,515,716
Accumulated depreciation and amortization, utility plant (715,273) (659,737)
Accumulated depreciation and amortization, nonutility plant and equipment (242,346) (206,053)
Property, plant and equipment, net 4,892,810 4,649,926
CURRENT ASSETS    
Cash and cash equivalents 511 1,107
Customer accounts receivable    
Billed 110,463 222,297
Unbilled revenues 16,492 13,769
Allowance for doubtful accounts (12,504) (19,379)
Regulatory assets 95,747 40,086
Natural gas in storage, at average cost 155,077 273,644
Materials and supplies, at average cost 30,784 20,324
Prepaid expenses 11,026 8,572
Prepaid and accrued taxes 36,165 54,501
Derivatives, at fair value 32,127 24,635
Restricted broker margin accounts 20,237 94,261
Other current assets 24,235 22,270
Total current assets 520,360 756,087
NONCURRENT ASSETS    
Investments in equity method investees 104,427 106,571
Regulatory assets 528,114 500,666
Operating lease assets 164,119 168,520
Derivatives, at fair value 1,864 6,385
Intangible assets, net 567 2,348
Software costs 7,625 6,120
Deferred income taxes 25,539 2,928
Other noncurrent assets 67,155 61,865
Total noncurrent assets 899,410 855,403
Total assets 6,312,580 6,261,416
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares June 30, 2023 — 97,496,302; September 30, 2022 — 96,249,859 243,237 241,616
Premium on common stock 554,730 519,697
Accumulated other comprehensive loss, net of tax (3,913) (4,826)
Treasury stock at cost and other; shares June 30, 2023 — 13,041; September 30, 2022 — 611,045 19,398 (6,805)
Retained earnings 1,181,790 1,067,528
Common stock equity 1,995,242 1,817,210
Long-term debt 2,728,669 2,485,402
Total capitalization 4,723,911 4,302,612
CURRENT LIABILITIES    
Current maturities of long-term debt 162,316 75,069
Short-term debt 145,225 423,950
Natural gas purchases payable 46,432 235,049
Natural gas purchases payable to related parties 856 851
Deferred revenue 42,465 35,547
Accounts payable and other 122,236 156,580
Dividends payable 37,981 37,534
Accrued taxes 11,478 5,130
Regulatory liabilities 27,701 31,090
New Jersey Clean Energy Program 17,943 15,697
Derivatives, at fair value 17,563 49,848
Operating lease liabilities 5,273 4,562
Restricted broker margin accounts 1,218 0
Customers' credit balances and deposits 30,267 33,246
Total current liabilities 668,954 1,104,153
NONCURRENT LIABILITIES    
Deferred income taxes 275,238 238,928
Deferred investment tax credits 2,504 2,710
Deferred revenue 30,872 753
Derivatives, at fair value 13,257 14,191
Manufactured gas plant remediation 123,070 127,060
Postemployment employee benefit liability 88,844 82,867
Regulatory liabilities 181,814 185,634
Operating lease liabilities 135,916 138,382
Asset retirement obligation 56,992 55,035
Other noncurrent liabilities 11,208 9,091
Total noncurrent liabilities 919,715 854,651
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities 6,312,580 6,261,416
Related Party    
CURRENT LIABILITIES    
Natural gas purchases payable to related parties $ 856 $ 851