Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Jun. 30, 2015

Guarantor and Non-Guarantor Financial Information

Schedule of Consolidated Condensed Statements of Income

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(in thousands)

	Three Months Ended June 30, 2015
	Guarantor/			Issuer			Non-Guarantor						Total
	Parent			Subsidiary			Subsidiaries			Eliminations			Consolidated
Operating revenue	$	—		$	543,834		$	115,879		$	(19	)	$	659,694
Operating costs and other	3,072			423,408			101,460			(1,026		)	526,914
Operating income (loss) from continuing operations	(3,072		)	120,426			14,419			1,007			132,780
Other income (expense), net	(103		)	1,565			866			(1,007		)	1,321
Interest expense	(40		)	(4,638		)	(1,580		)	—			(6,258		)
Equity in net income of subsidiaries	92,401			12,965			—			(105,366		)	—
Income from continuing operations before income taxes	89,186			130,318			13,705			(105,366		)	127,843
Income tax provision	(1,674		)	38,878			(248		)	—			36,956
Income from continuing operations	90,860			91,440			13,953			(105,366		)	90,887
Loss from discontinued operations before income taxes	—			—			(27		)	—			(27		)
Income tax provision	—			—			—			—			—
Loss from discontinued operations	—			—			(27		)	—			(27		)
Net income	$	90,860		$	91,440		$	13,926		$	(105,366	)	$	90,860

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(in thousands)

	Three Months Ended June 30, 2014
	Guarantor/			Issuer			Non-Guarantor						Total
	Parent			Subsidiary			Subsidiaries			Eliminations			Consolidated
Operating revenue	$	—		$	860,869		$	91,259		$	(41	)	$	952,087
Operating costs and other	4,457			590,021			86,781			(1,084		)	680,175
Operating income (loss) from continuing operations	(4,457		)	270,848			4,478			1,043			271,912
Other income, net	25			24,646			973			(1,043		)	24,601
Interest expense	(2		)	(1,084		)	(349		)	—			(1,435		)
Equity in net income of subsidiaries	194,849			2,717			—			(197,566		)	—
Income from continuing operations before income taxes	190,415			297,127			5,102			(197,566		)	295,078
Income tax provision	(1,864		)	103,367			1,285			—			102,788
Income from continuing operations	192,279			193,760			3,817			(197,566		)	192,290
Loss from discontinued operations before income taxes	—			—			(11		)	—			(11		)
Income tax provision	—			—			—			—			—
Loss from discontinued operations	—			—			(11		)	—			(11		)
Net income	$	192,279		$	193,760		$	3,806		$	(197,566	)	$	192,279

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(in thousands)

	Nine Months Ended June 30, 2015
	Guarantor/			Issuer			Non-Guarantor						Total
	Parent			Subsidiary			Subsidiaries			Eliminations			Consolidated
Operating revenue	$	—		$	2,270,839		$	328,551		$	(59	)	$	2,599,331
Operating costs and other	9,152			1,600,530			300,970			(3,092		)	1,907,560
Operating income (loss) from continuing operations	(9,152		)	670,309			27,581			3,033			691,771
Other income (expense), net	(100		)	6,224			1,433			(3,033		)	4,524
Interest expense	(59		)	(4,741		)	(4,490		)	—			(9,290		)
Equity in net income of subsidiaries	448,894			18,406			—			(467,300		)	—
Income from continuing operations before income taxes	439,583			690,198			24,524			(467,300		)	687,005
Income tax provision	(3,856		)	243,844			3,537			—			243,525
Income from continuing operations	443,439			446,354			20,987			(467,300		)	443,480
Loss from discontinued operations before income taxes	—			—			(118		)	—			(118		)
Income tax provision	—			—			(77		)	—			(77		)
Loss from discontinued operations	—			—			(41		)	—			(41		)
Net income	$	443,439		$	446,354		$	20,946		$	(467,300	)	$	443,439

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(in thousands)

	Nine Months Ended June 30, 2014
	Guarantor/			Issuer			Non-Guarantor						Total
	Parent			Subsidiary			Subsidiaries			Eliminations			Consolidated
Operating revenue	$	—		$	2,444,460		$	290,321		$	(112	)	$	2,734,669
Operating costs and other	12,650			1,668,298			265,762			(3,326		)	1,943,384
Operating income (loss) from continuing operations	(12,650		)	776,162			24,559			3,214			791,285
Other income, net	42			47,562			2,129			(3,214		)	46,519
Interest expense	13			(3,023		)	(1,344		)	—			(4,354		)
Equity in net income of subsidiaries	547,685			10,056			—			(557,741		)	—
Income from continuing operations before income taxes	535,090			830,757			25,344			(557,741		)	833,450
Income tax provision	(4,941		)	285,415			12,915			—			293,389
Income from continuing operations	540,031			545,342			12,429			(557,741		)	540,061
Income from discontinued operations before income taxes	—			—			2,775			—			2,775
Income tax provision	—			—			2,805			—			2,805
Loss from discontinued operations	—			—			(30		)	—			(30		)
Net income	$	540,031		$	545,342		$	12,399		$	(557,741	)	$	540,031

Condensed Statement of Comprehensive Income

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

	Three Months Ended June 30, 2015
	Guarantor/		Issuer			Non-Guarantor					Total
	Parent		Subsidiary			Subsidiaries		Eliminations			Consolidated
Net income	$	90,860	$	91,440		$	13,926	$	(105,366	)	$	90,860
Other comprehensive income (loss), net of income taxes:
Unrealized depreciation on securities, net	—		(3,307		)	—		—			(3,307		)
Minimum pension liability adjustments, net	82		115			—		—			197
Other comprehensive income (loss)	82		(3,192		)	—		—			(3,110		)
Comprehensive income	$	90,942	$	88,248		$	13,926	$	(105,366	)	$	87,750

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

	Three Months Ended June 30, 2014
	Guarantor/		Issuer			Non-Guarantor					Total
	Parent		Subsidiary			Subsidiaries		Eliminations			Consolidated
Net income	$	192,279	$	193,760		$	3,806	$	(197,566	)	$	192,279
Other comprehensive income (loss), net of income taxes:
Unrealized appreciation on securities, net	—		13,728			—		—			13,728
Reclassification of realized gains in net income, net	—		(14,853		)	—		—			(14,853		)
Minimum pension liability adjustments, net	81		64			—		—			145
Other comprehensive income (loss)	81		(1,061		)	—		—			(980		)
Comprehensive income	$	192,360	$	192,699		$	3,806	$	(197,566	)	$	191,299

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

	Nine Months Ended June 30, 2015
	Guarantor/		Issuer			Non-Guarantor					Total
	Parent		Subsidiary			Subsidiaries		Eliminations			Consolidated
Net income	$	443,439	$	446,354		$	20,946	$	(467,300	)	$	443,439
Other comprehensive income (loss), net of income taxes:
Unrealized depreciation on securities, net	—		(46,754		)	—		—			(46,754		)
Minimum pension liability adjustments, net	246		344			—		—			590
Other comprehensive income (loss)	246		(46,410		)	—		—			(46,164		)
Comprehensive income	$	443,685	$	399,944		$	20,946	$	(467,300	)	$	397,275

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

	Nine Months Ended June 30, 2014
	Guarantor/		Issuer			Non-Guarantor					Total
	Parent		Subsidiary			Subsidiaries		Eliminations			Consolidated
Net income	$	540,031	$	545,342		$	12,399	$	(557,741	)	$	540,031
Other comprehensive income (loss), net of income taxes:
Unrealized appreciation on securities, net	—		7,215			—		—			7,215
Reclassification of realized gains in net income, net	—		(27,737		)	—		—			(27,737		)
Minimum pension liability adjustments, net	244		193			—		—			437
Other comprehensive income (loss)	244		(20,329		)	—		—			(20,085		)
Comprehensive income	$	540,275	$	525,013		$	12,399	$	(557,741	)	$	519,946

Schedule of Consolidated Condensed Balance Sheets

CONSOLIDATED CONDENSED BALANCE SHEETS

(in thousands)

	June 30, 2015
	Guarantor/			Issuer		Non-Guarantor					Total
	Parent			Subsidiary		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	(877	)	$	755,070	$	17,183	$	(458	)	$	770,918
Accounts receivable, net of reserve	(15		)	357,444		134,893		(2,098		)	490,224
Inventories	—			87,022		40,552		643			128,217
Deferred income taxes	2,914			10,415		—		(4,146		)	9,183
Prepaid expenses and other	11,291			27,669		54,642		1,725			95,327
Current assets of discontinued operations	—			—		7,822		—			7,822
Total current assets	13,313			1,237,620		255,092		(4,334		)	1,501,691
Investments	13,922			146,054		—		—			159,976
Property, plant and equipment, net	52,639			5,064,369		513,303		—			5,630,311
Intercompany	14,599			1,419,552		230,985		(1,665,136		)	—
Other assets	6,775			1,352		42,253		(6,541		)	43,839
Investment in subsidiaries	5,681,750			254,324		—		(5,936,074		)	—
Total assets	$	5,782,998		$	8,123,271	$	1,041,633	$	(7,612,085	)	$	7,335,817
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Long-term debt due within one year	—			39,157		—		—			39,157
Accounts payable	$	79,823		$	28,849	$	20,005	$	(7	)	$	128,670
Accrued liabilities	10,669			107,497		64,034		(6,918		)	175,282
Current liabilities of discontinued operations	—			—		3,394		—			3,394
Total current liabilities	90,492			175,503		87,433		(6,925		)	346,503
Noncurrent liabilities:
Long-term debt	—			532,388		—		—			532,388
Deferred income taxes	—			1,282,174		61,626		(17,880		)	1,325,920
Intercompany	653,760			446,954		550,492		(1,651,206		)	—
Other	17,237			22,193		65,639		—			105,069
Noncurrent liabilities of discontinued operations	—			—		4,428		—			4,428
Total noncurrent liabilities	670,997			2,283,709		682,185		(1,669,086		)	1,967,805
Shareholders’ equity:
Common stock	11,086			100		—		(100		)	11,086
Preferred stock	—			—		—		—			—
Additional paid-in capital	409,159			45,033		344		(45,377		)	409,159
Retained earnings	4,745,771			5,577,643		271,671		(5,849,314		)	4,745,771
Accumulated other comprehensive income	36,962			41,283		—		(41,283		)	36,962
Treasury stock, at cost	(181,469		)	—		—		—			(181,469		)
Total shareholders’ equity	5,021,509			5,664,059		272,015		(5,936,074		)	5,021,509
Total liabilities and shareholders’ equity	$	5,782,998		$	8,123,271	$	1,041,633	$	(7,612,085	)	$	7,335,817

CONSOLIDATED CONDENSED BALANCE SHEETS

(in thousands)

	September 30, 2014, as adjusted
	Guarantor/			Issuer		Non-Guarantor					Total
	Parent			Subsidiary		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	(2,050	)	$	329,655	$	36,932	$	(3,628	)	$	360,909
Accounts receivable, net of reserve	(31		)	623,274		98,913		(16,942		)	705,214
Inventories	—			67,113		37,358		1,770			106,241
Deferred income taxes	5,372			19,499		—		(8,352		)	16,519
Prepaid expenses and other	8,863			15,013		56,982		54			80,912
Current assets of discontinued operations	—			—		7,206		—			7,206
Total current assets	12,154			1,054,554		237,391		(27,098		)	1,277,001
Investments	14,344			222,300		—		—			236,644
Property, plant and equipment, net	42,027			4,681,294		465,223		—			5,188,544
Intercompany	14,855			782,626		196,641		(994,122		)	—
Other assets	8,110			1,197		16,123		(6,621		)	18,809
Investment in subsidiaries	5,276,750			235,355		—		(5,512,105		)	—
Total assets	$	5,368,240		$	6,977,326	$	915,378	$	(6,539,946	)	$	6,720,998
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Long-term debt due within one year	—			39,635		—		—			39,635
Accounts payable	$	80,562		$	80,488	$	20,988	$	(7	)	$	182,031
Accrued liabilities	31,960			212,896		43,560		(6,138		)	282,278
Current liabilities of discontinued operations	—			—		3,217		—			3,217
Total current liabilities	112,522			333,019		67,765		(6,145		)	507,161
Noncurrent liabilities:
Long-term debt	—			39,502		—		—			39,502
Deferred income taxes	—			1,182,192		47,640		(14,573		)	1,215,259
Intercompany	346,545			141,066		519,512		(1,007,123		)	—
Other	18,196			19,948		25,966		—			64,110
Noncurrent liabilities of discontinued operations	—			—		3,989		—			3,989
Total noncurrent liabilities	364,741			1,382,708		597,107		(1,021,696		)	1,322,860
Shareholders’ equity:
Common stock	11,051			100		—		(100		)	11,051
Additional paid-in capital	383,972			42,516		319		(42,835		)	383,972
Retained earnings	4,525,797			5,131,289		250,187		(5,381,476		)	4,525,797
Accumulated other comprehensive income	83,126			87,694		—		(87,694		)	83,126
Treasury stock, at cost	(112,969		)	—		—		—			(112,969		)
Total shareholders’ equity	4,890,977			5,261,599		250,506		(5,512,105		)	4,890,977
Total liabilities and shareholders’ equity	$	5,368,240		$	6,977,326	$	915,378	$	(6,539,946	)	$	6,720,998

Schedule of Consolidated Condensed Statements of Cash Flows

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(in thousands)

	Nine Months Ended June 30, 2015
	Guarantor/			Issuer			Non-Guarantor						Total
	Parent			Subsidiary			Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	66,448		$	1,068,214		$	9,707		$	3,170		$	1,147,539
INVESTING ACTIVITIES:
Capital expenditures	(18,708		)	(911,844		)	(41,305		)	—			(971,857		)
Intercompany transfers	18,708			(18,708		)	—			—			—
Proceeds from asset sales	1			16,804			1,000			—			17,805
Net cash provided by (used in) investing activities	1			(913,748		)	(40,305		)	—			(954,052		)
FINANCING ACTIVITIES:
Dividends paid	(223,827		)	—			—			—			(223,827		)
Intercompany transfers	223,827			(223,827		)	—			—			—
Repurchase of common stock	(59,654		)	—			—			—			(59,654		)
Proceeds from senior notes, net of discount	—			491,923			—			—			491,923
Proceeds on short-term debt	—			—			1,002			—			1,002
Payments on short-term debt	—			—			(1,002		)	—			(1,002		)
Net increase in bank overdraft	—			—			10,824			—			10,824
Exercise of stock options, net of tax withholding	(609		)	—			—			—			(609		)
Tax withholdings related to net share settlements of restricted stock	(5,104		)	—			—			—			(5,104		)
Excess tax benefit from stock-based compensation	91			2,853			25			—			2,969
Net cash provided by (used in) financing activities	(65,276		)	270,949			10,849			—			216,522
Net increase (decrease) in cash and cash equivalents	1,173			425,415			(19,749		)	3,170			410,009
Cash and cash equivalents, beginning of period	(2,050		)	329,655			36,932			(3,628		)	360,909
Cash and cash equivalents, end of period	$	(877	)	$	755,070		$	17,183		$	(458	)	$	770,918

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(in thousands)

	Nine Months Ended June 30, 2014
	Guarantor/			Issuer			Non-Guarantor					Total
	Parent			Subsidiary			Subsidiaries			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	(18,912	)	$	753,008		59,665			$	4,134	$	797,895
INVESTING ACTIVITIES:
Capital expenditures	(13,281		)	(539,439		)	(69,308		)	—		(622,028		)
Intercompany transfers	13,281			(13,281		)	—			—		—
Proceeds from sale of investment securities	—			49,205			—			—		49,205
Proceeds from asset sales	3			18,976			2,506			—		21,485
Net cash provided by (used in) investing activities	3			(484,539		)	(66,802		)	—		(551,338		)
FINANCING ACTIVITIES:
Dividends paid	(189,542		)	—			—			—		(189,542		)
Intercompany transfers	189,542			(189,542		)	—			—		—
Exercise of stock options, net of tax withholding	22,370			—			—			—		22,370
Tax withholdings related to net share settlements of restricted stock	(3,049		)	—			—			—		(3,049		)
Excess tax benefit from stock-based compensation	(1,205		)	26,716			213			—		25,724
Net cash provided by (used in) financing activities	18,116			(162,826		)	213			—		(144,497		)
Net increase (decrease) in cash and cash equivalents	(793		)	105,643			(6,924		)	4,134		102,060
Cash and cash equivalents, beginning of period	(202		)	412,596			33,918			1,556		447,868
Cash and cash equivalents, end of period	$	(995	)	$	518,239		$	26,994		$	5,690	$	549,928