Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations

The following table presents the operating results prior to the holding company reorganization effective October 1, 2018 of NWN Energy, NWN Gas Storage, Gill Ranch, NNG Financial, NWN Water, and NW Holdings, which were historically reported within the gas storage segment and other, and is presented net of tax on NW Natural's consolidated statements of comprehensive income:

	NW Natural Discontinued Operations
In thousands, except per share data	2018			2017
Revenues	$	3,016		$	7,360
Expenses
Operations and maintenance	4,151			7,423
General taxes	448			1,410
Depreciation and amortization	420			4,555
Other expenses and interest	342			650
Impairment expense	—			192,478
Total expenses	5,361			206,516
Loss from discontinued operations before income tax	(2,345		)	(199,156		)
Income tax benefit(1)	(622		)	(71,813		)
Loss from discontinued operations, net of tax	$	(1,723	)	$	(127,343	)

⁽¹⁾ 

2017 income tax benefit includes approximately $18 million of tax benefit from the enactment of the TCJA. The TCJA was enacted December 22, 2017 and resulted in the federal tax rate changing from 35% to 21%.

Northwest Holdings [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations

The following table presents the operating results of Gill Ranch, which was historically reported within the gas storage segment, and is presented net of tax on NW Holdings' consolidated statements of comprehensive income:

	NW Holdings Discontinued Operations
In thousands, except per share data	2019			2018			2017
Revenues	$	5,301		$	3,579		$	7,135
Expenses
Operations and maintenance	8,587			5,771			7,245
General taxes	219			479			1,373
Depreciation and amortization	423			430			4,525
Other expenses and interest	931			609			975
Impairment expense	—			—			192,478
Total expenses	10,160			7,289			206,596
Loss from discontinued operations before income tax	(4,859		)	(3,710		)	(199,461		)
Income tax benefit(1)	(1,283		)	(968		)	(71,765		)
Loss from discontinued operations, net of tax	$	(3,576	)	$	(2,742	)	$	(127,696	)
Loss from discontinued operations per share of common stock:
Basic	$	(0.12	)	$	(0.10	)	$	(4.45	)
Diluted	(0.12		)	(0.09		)	(4.44		)

⁽¹⁾ 

2017 income tax benefit includes approximately $18 million of tax benefit from the enactment of the TCJA. The TCJA was enacted December 22, 2017 and resulted in the federal tax rate changing from 35% to 21%.

Northwest Natural Gas Company [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations

Northwest Holdings [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations

The following table presents the carrying amounts of the major components of Gill Ranch that are classified as discontinued operations assets and liabilities on the consolidated balance sheets:

	NW Holdings Discontinued Operations
In thousands	2019		2018
Assets:
Accounts receivable	$	333	$	390
Inventories	695		685
Other current assets	457		333
Property, plant, and equipment	13,291		11,621
Less: Accumulated depreciation	7		7
Operating lease right of use asset	118		—
Other non-current assets	247		247
Total discontinued operations assets - current assets(1)	$	15,134	$	13,269
Liabilities:
Accounts payable	$	1,250	$	873
Other current liabilities	848		307
Operating lease liabilities	116		—
Other non-current liabilities	11,495		11,779
Total discontinued operations liabilities - current liabilities(1)	$	13,709	$	12,959

⁽¹⁾

The total assets and liabilities of Gill Ranch are classified as current as of December 31, 2018 because it was probable that the sale would be completed within one year.