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Segment Information (Table)
6 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Income statements for the three and six month periods ended March 31, 2014 and 2013 by segment are presented in the following tables:
 
Three Months Ended March 31, 2014
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
1,289,429

 
$
21,002

 
$
653,891

 
$

 
$
1,964,322

Intersegment revenues
1,531

 
52,613

 
103,792

 
(157,936
)
 

 
1,290,960

 
73,615

 
757,683

 
(157,936
)
 
1,964,322

Purchased gas cost
905,772

 

 
720,094

 
(157,821
)
 
1,468,045

Gross profit
385,188

 
73,615

 
37,589

 
(115
)
 
496,277

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
106,776

 
16,595

 
1,419

 
(115
)
 
124,675

Depreciation and amortization
50,020

 
10,156

 
1,131

 

 
61,307

Taxes, other than income
60,606

 
(1,232
)
 
841

 

 
60,215

Total operating expenses
217,402

 
25,519

 
3,391

 
(115
)
 
246,197

Operating income
167,786

 
48,096

 
34,198

 

 
250,080

Miscellaneous income (expense)
97

 
(1,081
)
 
443

 
(975
)
 
(1,516
)
Interest charges
22,828

 
9,155

 
593

 
(975
)
 
31,601

Income before income taxes
145,055

 
37,860

 
34,048

 

 
216,963

Income tax expense
56,312

 
13,751

 
13,533

 

 
83,596

Net income
$
88,743

 
$
24,109

 
$
20,515

 
$

 
$
133,367

Capital expenditures
$
139,555

 
$
39,000

 
$
(113
)
 
$

 
$
178,442




 
 
Three Months Ended March 31, 2013
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
904,181

 
$
19,655

 
$
385,160

 
$

 
$
1,308,996

Intersegment revenues
995

 
42,193

 
43,788

 
(86,976
)
 

 
905,176

 
61,848

 
428,948

 
(86,976
)
 
1,308,996

Purchased gas cost
558,170

 

 
404,641

 
(86,566
)
 
876,245

Gross profit
347,006

 
61,848

 
24,307

 
(410
)
 
432,751

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
89,344

 
15,390

 
6,763

 
(411
)
 
111,086

Depreciation and amortization
47,631

 
8,690

 
859

 

 
57,180

Taxes, other than income
49,592

 
4,277

 
438

 

 
54,307

Total operating expenses
186,567

 
28,357

 
8,060

 
(411
)
 
222,573

Operating income
160,439

 
33,491

 
16,247

 
1

 
210,178

Miscellaneous income (expense)
2,591

 
(99
)
 
(91
)
 
(689
)
 
1,712

Interest charges
25,664

 
7,857

 
498

 
(688
)
 
33,331

Income from continuing operations before income taxes
137,366

 
25,535

 
15,658

 

 
178,559

Income tax expense
51,176

 
9,005

 
6,038

 

 
66,219

Income from continuing operations
86,190

 
16,530

 
9,620

 

 
112,340

Income from discontinued operations, net of tax
4,085

 

 

 

 
4,085

Net income
$
90,275

 
$
16,530

 
$
9,620

 
$

 
$
116,425

Capital expenditures
$
131,465

 
$
67,208

 
$
417

 
$

 
$
199,090



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2014
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
2,131,861

 
$
42,172

 
$
1,045,437

 
$

 
$
3,219,470

Intersegment revenues
2,964

 
102,784

 
159,967

 
(265,715
)
 

 
2,134,825

 
144,956

 
1,205,404

 
(265,715
)
 
3,219,470

Purchased gas cost
1,450,466

 

 
1,149,249

 
(265,479
)
 
2,334,236

Gross profit
684,359

 
144,956

 
56,155

 
(236
)
 
885,234

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
196,439

 
33,895

 
10,334

 
(236
)
 
240,432

Depreciation and amortization
99,571

 
19,942

 
2,263

 

 
121,776

Taxes, other than income
97,690

 
3,431

 
1,105

 

 
102,226

Total operating expenses
393,700

 
57,268

 
13,702

 
(236
)
 
464,434

Operating income
290,659

 
87,688

 
42,453

 

 
420,800

Miscellaneous income (expense)
(374
)
 
(2,262
)
 
767

 
(1,779
)
 
(3,648
)
Interest charges
46,153

 
18,112

 
1,230

 
(1,779
)
 
63,716

Income from before income taxes
244,132

 
67,314

 
41,990

 

 
353,436

Income tax expense
92,632

 
23,759

 
16,662

 

 
133,053

Net income
$
151,500

 
$
43,555

 
$
25,328

 
$

 
$
220,383

Capital expenditures
$
267,061

 
$
91,921

 
$
27

 
$

 
$
359,009




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2013
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
Operating revenues from external parties
$
1,569,730

 
$
38,354

 
$
735,067

 
$

 
$
2,343,151

Intersegment revenues
2,233

 
84,175

 
93,775

 
(180,183
)
 

 
1,571,963

 
122,529

 
828,842

 
(180,183
)
 
2,343,151

Purchased gas cost
945,326

 

 
782,076

 
(179,364
)
 
1,548,038

Gross profit
626,637

 
122,529

 
46,766

 
(819
)
 
795,113

Operating expenses
 
 
 
 
 
 
 
 
 
Operation and maintenance
173,080

 
31,710

 
13,645

 
(822
)
 
217,613

Depreciation and amortization
97,691

 
17,080

 
1,988

 

 
116,759

Taxes, other than income
86,343

 
8,226

 
1,072

 

 
95,641

Total operating expenses
357,114

 
57,016

 
16,705

 
(822
)
 
430,013

Operating income
269,523

 
65,513

 
30,061

 
3

 
365,100

Miscellaneous income (expense)
2,460

 
(226
)
 
1,576

 
(1,400
)
 
2,410

Interest charges
49,227

 
14,728

 
1,295

 
(1,397
)
 
63,853

Income from continuing operations before income taxes
222,756

 
50,559

 
30,342

 

 
303,657

Income tax expense
83,473

 
17,924

 
12,572

 

 
113,969

Income from continuing operations
139,283

 
32,635

 
17,770

 

 
189,688

Income from discontinued operations, net of tax
7,202

 

 

 

 
7,202

Net income
$
146,485

 
$
32,635

 
$
17,770

 
$

 
$
196,890

Capital expenditures
$
277,336

 
$
111,039

 
$
742

 
$

 
$
389,117


 
Balance sheet information at March 31, 2014 and September 30, 2013 by segment is presented in the following tables.

 
March 31, 2014
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
$
4,889,160

 
$
1,322,441

 
$
58,382

 
$

 
$
6,269,983

Investment in subsidiaries
908,939

 

 
(2,096
)
 
(906,843
)
 

Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
73,165

 

 
63,575

 

 
136,740

Assets from risk management activities
58,746

 

 
7,940

 

 
66,686

Other current assets
609,806

 
14,363

 
610,515

 
(378,949
)
 
855,735

Intercompany receivables
786,428

 

 

 
(786,428
)
 

Total current assets
1,528,145

 
14,363

 
682,030

 
(1,165,377
)
 
1,059,161

Goodwill
574,190

 
132,462

 
34,711

 

 
741,363

Noncurrent assets from risk management activities
30,665

 

 
8,910

 

 
39,575

Deferred charges and other assets
350,362

 
19,585

 
7,587

 

 
377,534

 
$
8,281,461

 
$
1,488,851

 
$
789,524

 
$
(2,072,220
)
 
$
8,487,616

CAPITALIZATION AND LIABILITIES
 
 
 
 
 
 
 
 
 
Shareholders’ equity
$
3,124,761

 
$
439,977

 
$
468,962

 
$
(908,939
)
 
$
3,124,761

Long-term debt
1,955,829

 

 

 

 
1,955,829

Total capitalization
5,080,590

 
439,977

 
468,962

 
(908,939
)
 
5,080,590

Current liabilities
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt
500,000

 

 

 

 
500,000

Short-term debt
343,000

 

 

 
(343,000
)
 

Other current liabilities
658,106

 
13,654

 
225,485

 
(33,853
)
 
863,392

Intercompany payables

 
708,046

 
78,382

 
(786,428
)
 

Total current liabilities
1,501,106

 
721,700

 
303,867

 
(1,163,281
)
 
1,363,392

Deferred income taxes
943,831

 
324,879

 
14,841

 

 
1,283,551

Regulatory cost of removal obligation
358,262

 

 

 

 
358,262

Pension and postretirement liabilities
360,851

 

 

 

 
360,851

Deferred credits and other liabilities
36,821

 
2,295

 
1,854

 

 
40,970

 
$
8,281,461

 
$
1,488,851

 
$
789,524

 
$
(2,072,220
)
 
$
8,487,616




 
September 30, 2013
 
Natural
Gas
Distribution
 
Regulated
Transmission
and Storage
 
Nonregulated
 
Eliminations
 
Consolidated
 
(In thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
$
4,719,873

 
$
1,249,767

 
$
61,015

 
$

 
$
6,030,655

Investment in subsidiaries
831,136

 

 
(2,096
)
 
(829,040
)
 

Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
4,237

 

 
61,962

 

 
66,199

Assets from risk management activities
1,837

 

 
10,129

 

 
11,966

Other current assets
428,366

 
11,709

 
452,126

 
(293,233
)
 
598,968

Intercompany receivables
783,738

 

 

 
(783,738
)
 

Total current assets
1,218,178

 
11,709

 
524,217

 
(1,076,971
)
 
677,133

Goodwill
574,190

 
132,462

 
34,711

 

 
741,363

Noncurrent assets from risk management activities
109,354

 

 

 

 
109,354

Deferred charges and other assets
347,687

 
19,227

 
8,849

 

 
375,763

 
$
7,800,418

 
$
1,413,165

 
$
626,696

 
$
(1,906,011
)
 
$
7,934,268

CAPITALIZATION AND LIABILITIES
 
 
 
 
 
 
 
 
 
Shareholders’ equity
$
2,580,409

 
$
396,421

 
$
434,715

 
$
(831,136
)
 
$
2,580,409

Long-term debt
2,455,671

 

 

 

 
2,455,671

Total capitalization
5,036,080

 
396,421

 
434,715

 
(831,136
)
 
5,036,080

Current liabilities
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt

 

 

 

 

Short-term debt
645,984

 

 

 
(278,000
)
 
367,984

Liabilities from risk management activities
1,543

 

 

 

 
1,543

Other current liabilities
491,681

 
20,288

 
110,306

 
(13,316
)
 
608,959

Intercompany payables

 
712,768

 
70,970

 
(783,738
)
 

Total current liabilities
1,139,208

 
733,056

 
181,276

 
(1,075,054
)
 
978,486

Deferred income taxes
871,360

 
283,554

 
8,960

 
179

 
1,164,053

Regulatory cost of removal obligation
359,299

 

 

 

 
359,299

Pension and postretirement liabilities
358,787

 

 

 

 
358,787

Deferred credits and other liabilities
35,684

 
134

 
1,745

 

 
37,563

 
$
7,800,418

 
$
1,413,165

 
$
626,696

 
$
(1,906,011
)
 
$
7,934,268