Schedule of Segment Reporting Information, by Segment |
Balance sheet information at September 30, 2018 and 2017 by segment is presented in the following tables. | | | | | | | | | | | | | | | | | | September 30, 2018 | | Distribution | | Pipeline and Storage | | Eliminations | | Consolidated | | (In thousands) | Property, plant and equipment, net | $ | 7,644,693 |
| | $ | 2,726,454 |
| | $ | — |
| | $ | 10,371,147 |
| Total assets | $ | 11,109,128 |
| | $ | 2,963,480 |
| | $ | (2,198,171 | ) | | $ | 11,874,437 |
|
| | | | | | | | | | | | | | | | | | September 30, 2017 | | Distribution | | Pipeline and Storage | | Eliminations | | Consolidated | | (In thousands) | Property, plant and equipment, net | $ | 6,849,517 |
| | $ | 2,409,665 |
| | $ | — |
| | $ | 9,259,182 |
| Total assets | $ | 10,050,164 |
| | $ | 2,621,601 |
| | $ | (1,922,169 | ) | | $ | 10,749,596 |
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Income statements and capital expenditures by segment are shown in the following tables. | | | | | | | | | | | | | | | | | | Year Ended September 30, 2018 | | Distribution | | Pipeline and Storage | | Eliminations | | Consolidated | | (In thousands) | Operating revenues from external parties | $ | 3,000,404 |
| | $ | 115,142 |
| | $ | — |
| | $ | 3,115,546 |
| Intersegment revenues | 2,643 |
| | 392,571 |
| | (395,214 | ) | | — |
| Total operating revenues | 3,003,047 |
| | 507,713 |
| | (395,214 | ) | | 3,115,546 |
| Purchased gas cost | 1,559,836 |
| | 1,978 |
| | (393,966 | ) | | 1,167,848 |
| Operation and maintenance expense | 465,848 |
| | 134,995 |
| | (1,248 | ) | | 599,595 |
| Depreciation and amortization expense | 264,930 |
| | 96,153 |
| | — |
| | 361,083 |
| Taxes, other than income | 231,566 |
| | 32,320 |
| | — |
| | 263,886 |
| Operating income | 480,867 |
| | 242,267 |
| | — |
| | 723,134 |
| Miscellaneous expense | (1,849 | ) | | (3,495 | ) | | — |
| | (5,344 | ) | Interest charges | 65,850 |
| | 40,796 |
| | — |
| | 106,646 |
| Income before income taxes | 413,168 |
| | 197,976 |
| | — |
| | 611,144 |
| Income tax (benefit) expense | (29,798 | ) | | 37,878 |
| | — |
| | 8,080 |
| Net income | $ | 442,966 |
| | $ | 160,098 |
| | $ | — |
| | $ | 603,064 |
| Capital expenditures | $ | 1,025,800 |
| | $ | 441,791 |
| | $ | — |
| | $ | 1,467,591 |
|
| | | | | | | | | | | | | | | | | | | | | | Year Ended September 30, 2017 | | Distribution | | Pipeline and Storage | | Natural Gas Marketing | | Eliminations | | Consolidated | | (In thousands) | Operating revenues from external parties | $ | 2,647,813 |
| | $ | 111,922 |
| | $ | — |
| | $ | — |
| | $ | 2,759,735 |
| Intersegment revenues | 1,362 |
| | 345,108 |
| | — |
| | (346,470 | ) | | — |
| Total operating revenues | 2,649,175 |
| | 457,030 |
| | — |
| | (346,470 | ) | | 2,759,735 |
| Purchased gas cost | 1,269,456 |
| | 2,506 |
| | — |
| | (346,426 | ) | | 925,536 |
| Operation and maintenance expense | 413,077 |
| | 133,765 |
| | — |
| | (44 | ) | | 546,798 |
| Depreciation and amortization expense | 249,071 |
| | 70,377 |
| | — |
| | — |
| | 319,448 |
| Taxes, other than income | 211,929 |
| | 28,478 |
| | — |
| | — |
| | 240,407 |
| Operating income | 505,642 |
| | 221,904 |
| | — |
| | — |
| | 727,546 |
| Miscellaneous expense | (1,695 | ) | | (1,575 | ) | | — |
| | — |
| | (3,270 | ) | Interest charges | 79,789 |
| | 40,393 |
| | — |
| | — |
| | 120,182 |
| Income from continuing operations before income taxes | 424,158 |
| | 179,936 |
| | — |
| | — |
| | 604,094 |
| Income tax expense | 155,789 |
| | 65,594 |
| | — |
| | — |
| | 221,383 |
| Income from continuing operations | 268,369 |
| | 114,342 |
| | — |
| | — |
| | 382,711 |
| Income from discontinued operations, net of tax | — |
| | — |
| | 10,994 |
| | — |
| | 10,994 |
| Gain on sale of discontinued operations, net of tax | — |
| | — |
| | 2,716 |
| | — |
| | 2,716 |
| Net income | $ | 268,369 |
| | $ | 114,342 |
| | $ | 13,710 |
| | $ | — |
| | $ | 396,421 |
| Capital expenditures | $ | 849,950 |
| | $ | 287,139 |
| | $ | — |
| | $ | — |
| | $ | 1,137,089 |
|
| | | | | | | | | | | | | | | | | | | | | | Year Ended September 30, 2016 | | Distribution | | Pipeline and Storage | | Natural Gas Marketing | | Eliminations | | Consolidated | | (In thousands) | Operating revenues from external parties | $ | 2,338,404 |
| | $ | 116,244 |
| | $ | — |
| | $ | — |
| | $ | 2,454,648 |
| Intersegment revenues | 1,374 |
| | 310,952 |
| | — |
| | (312,326 | ) | | — |
| Total operating revenues | 2,339,778 |
| | 427,196 |
| | — |
| | (312,326 | ) | | 2,454,648 |
| Purchased gas cost | 1,058,576 |
| | (58 | ) | | — |
| | (312,326 | ) | | 746,192 |
| Operation and maintenance expense | 407,982 |
| | 130,610 |
| | — |
| | — |
| | 538,592 |
| Depreciation and amortization expense | 234,109 |
| | 56,682 |
| | — |
| | — |
| | 290,791 |
| Taxes, other than income | 197,227 |
| | 24,616 |
| | — |
| | — |
| | 221,843 |
| Operating income | 441,884 |
| | 215,346 |
| | — |
| | — |
| | 657,230 |
| Miscellaneous income (expense) | 1,171 |
| | (1,405 | ) | | — |
| | — |
| | (234 | ) | Interest charges | 78,238 |
| | 36,574 |
| | — |
| | — |
| | 114,812 |
| Income from continuing operations before income taxes | 364,817 |
| | 177,367 |
| | — |
| | — |
| | 542,184 |
| Income tax expense | 130,987 |
| | 65,655 |
| | — |
| | — |
| | 196,642 |
| Income from continuing operations | 233,830 |
| | 111,712 |
| | — |
| | — |
| | 345,542 |
| Income from discontinued operations, net of tax | — |
| | — |
| | 4,562 |
| | — |
| | 4,562 |
| Net income | $ | 233,830 |
| | $ | 111,712 |
| | $ | 4,562 |
| | $ | — |
| | $ | 350,104 |
| Capital expenditures | $ | 740,246 |
| | $ | 346,383 |
| | $ | 321 |
| | $ | — |
| | $ | 1,086,950 |
|
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Revenue from External Customers by Products and Services |
The following table summarizes our revenues from external parties by products and services for the fiscal year ended September 30. | | | | | | | | | | | | | | 2018 | | 2017 | | 2016 | | (In thousands) | Distribution revenues: | | | | | | Gas sales revenues: | | | | | | Residential | $ | 1,916,101 |
| | $ | 1,642,918 |
| | $ | 1,477,049 |
| Commercial | 797,073 |
| | 708,167 |
| | 619,979 |
| Industrial | 131,267 |
| | 133,372 |
| | 98,439 |
| Public authority and other | 47,714 |
| | 45,820 |
| | 41,307 |
| Total gas sales revenues | 2,892,155 |
| | 2,530,277 |
| | 2,236,774 |
| Transportation revenues | 99,250 |
| | 86,332 |
| | 76,690 |
| Other gas revenues | 8,999 |
| | 31,204 |
| | 24,940 |
| Total distribution revenues | 3,000,404 |
| | 2,647,813 |
| | 2,338,404 |
| Pipeline and storage revenues | 115,142 |
| | 111,922 |
| | 116,244 |
| Total operating revenues | $ | 3,115,546 |
| | $ | 2,759,735 |
| | $ | 2,454,648 |
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