| 18. Selected Quarterly Financial Data (Unaudited) |
18. Selected Quarterly Financial Data (Unaudited) Summarized unaudited quarterly financial data is presented below. Prior-period amounts have been restated to reflect continuing operations. The sum of net income per share by quarter may not equal the net income per share for the fiscal year due to variations in the weighted average shares outstanding used in computing such amounts. Our businesses are seasonal due to weather conditions in our service areas. For further information on its effects on quarterly results, see the “Results of Operations” discussion included in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section herein. | | | | | | Quarter Ended | | | | | | | December 31 | | March 31 | | June 30 | | September 30 | | | | | | | (In thousands, except per share data) | | | | | | | | | | | | | | | Fiscal year 2012: | | | | | | | | | | | Operating revenues | | | | | | | | | | | | Natural gas distribution | $ | 676,113(1) | $ | 871,067(2) | $ | 315,634(3) | $ | 282,516 | | | | Regulated transmission and storage | | 56,759 | | 58,037 | | 67,073 | | 65,482 | | | | Nonregulated | | 444,176 | | 370,763 | | 256,250 | | 280,114 | | | | Intersegment eliminations | | (93,054) | | (74,358) | | (62,543) | | (75,546) | | | | | | | 1,083,994 | | 1,225,509 | | 576,414 | | 552,566 | | | Gross profit | | 355,392(1) | | 425,787(2) | | 293,171(3) | | 249,389 | | | Operating income | | 139,471(1) | | 202,432(2) | | 81,546(3) | | 22,791 | | | Income (loss) from continuing | | | | | | | | | | | | operations | | 62,384 | | 102,084 | | 28,014 | | (286) | | | Income from discontinued | | | | | | | | | | | | operations | | 6,123 | | 7,027 | | 3,118 | | 1,904 | | | Gain on sale of discontinued | | | | | | | | | | | | operations | | - | | - | | - | | 6,349 | | | Net income | | 68,507 | | 109,111 | | 31,132 | | 7,967 | | | Basic earnings per share | | | | | | | | | | | | Income (loss) per share from | | | | | | | | | | | | | continuing operations | $ | 0.68 | $ | 1.12 | $ | 0.31 | $ | 0.00 | | | | Income per share from | | | | | | | | | | | | | discontinued operations | $ | 0.07 | $ | 0.08 | $ | 0.03 | $ | 0.09 | | | | Net income per share - basic | $ | 0.75 | $ | 1.20 | $ | 0.34 | $ | 0.09 | | | Diluted earnings per share | | | | | | | | | | | | Income (loss) per share from | | | | | | | | | | | | | continuing operations | $ | 0.68 | $ | 1.12 | $ | 0.31 | $ | 0.00 | | | | Income per share from | | | | | | | | | | | | | discontinued operations | $ | 0.07 | $ | 0.08 | $ | 0.03 | $ | 0.09 | | | | Net income per share - diluted | $ | 0.75 | $ | 1.20 | $ | 0.34 | $ | 0.09 | | | | | | | | | | | | | | | Fiscal year 2011: | | | | | | | | | | | Operating revenues | | | | | | | | | | | | Natural gas distribution | $ | 687,426(4) | $ | 1,052,291(5) | $ | 396,584(6) | $ | 334,363(7) | | | | Regulated transmission and storage | | 49,007 | | 54,976 | | 53,570 | | 61,820 | | | | Nonregulated | | 475,640 | | 583,531 | | 491,285 | | 474,437 | | | | Intersegment eliminations | | (94,847) | | (134,424) | | (108,271) | | (90,953) | | | | | | | 1,117,226 | | 1,556,374 | | 833,168 | | 779,667 | | | Gross profit | | 357,582(4) | | 444,466(5) | | 261,612(6) | | 237,160(7) | | | Operating income | | 150,773(4) | | 204,624(5) | | 31,394(6) | | 39,195(7) | | | Income (loss) from continuing | | | | | | | | | | | | operations | | 68,208 | | 124,293 | | (3,150) | | 237 | | | Income from discontinued | | | | | | | | | | | | operations | | 5,789 | | 7,916 | | 2,584 | | 1,724 | | | Net income (loss) | | 73,997 | | 132,209 | | (566) | | 1,961 | | | Basic earnings per share | | | | | | | | | | | | Income (loss) per share from | | | | | | | | | | | | | continuing operations | $ | 0.75 | $ | 1.36 | $ | (0.04) | $ | 0.00 | | | | Income per share from | | | | | | | | | | | | | discontinued operations | $ | 0.06 | | 0.09 | $ | 0.03 | $ | 0.02 | | | | Net income (loss) per share - basic | $ | 0.81 | $ | 1.45 | $ | (0.01) | $ | 0.02 | | | Diluted earnings per share | | | | | | | | | | | | Income (loss) per share from | | | | | | | | | | | | | continuing operations | $ | 0.75 | $ | 1.36 | $ | (0.04) | $ | 0.00 | | | | Income per share from | | | | | | | | | | | | | discontinued operations | $ | 0.06 | $ | 0.09 | $ | 0.03 | $ | 0.02 | | | | Net income (loss) per share - diluted | $ | 0.81 | $ | 1.45 | $ | (0.01) | $ | 0.02 |
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $17.2 million, $7.5 million and $4.9 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $17.9 million, $8.5 million and $5.9 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $9.4 million, $5.6 million and $3.2 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $16.0 million, $7.1 million and $4.5 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $25.1 million, $9.2 million and $6.6 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $10.4 million, $5.2 million and $2.7 million, which were not previously reported as discontinued operations.
- Operating revenues for natural gas distribution, gross profit and operating income are shown net of discontinued operations from our Georgia operations of $9.6 million, $4.9 million and $2.1 million, which were not previously reported as discontinued operations.
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