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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Property, plant and equipment, at cost $ 15,208,072 $ 14,977,021
Less: accumulated depreciation 2,952,487 2,879,949
Net property, plant and equipment 12,255,585 12,097,072
Current assets:    
Cash and cash equivalents 35,200 4,612
Accounts receivable, net 164,638 144,300
Unbilled revenues 102,793 101,436
Inventory - materials and supplies 48,947 47,494
Inventory - gas stored 17,849 65,173
Prepayments and other current assets 34,619 99,884
Regulatory assets 15,488 29,080
Total current assets 419,534 491,979
Regulatory assets 1,899,984 1,766,892
Deferred charges and other assets, net 97,865 102,388
Funds restricted for construction activity 1,391 1,381
Goodwill 2,340,733 2,340,738
Operating lease right-of-use assets 35,739 37,416
Intangible assets 3,513 3,593
Total assets 17,054,344 16,841,459
Stockholders' equity:    
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 276,878,103 and 276,595,228 as of March 31, 2024 and December 31, 2023 138,438 138,297
Capital in excess of par value 4,142,610 4,137,696
Retained earnings 1,888,521 1,706,675
Treasury stock, at cost, 3,354,887 and 3,299,191 shares as of March 31, 2024 and December 31, 2023 (88,442) (86,485)
Total stockholders' equity 6,081,127 5,896,183
Long-term debt, excluding current portion 6,903,544 6,870,593
Less: debt issuance costs 47,415 44,508
Long-term debt, excluding current portion, net of debt issuance costs 6,856,129 6,826,085
Commitments and contingencies (See Note 14)
Current liabilities:    
Current portion of long-term debt 67,247 67,415
Loans payable 87,500 160,123
Accounts payable 161,210 221,191
Book overdraft 10,938 13,358
Accrued interest 86,512 53,084
Accrued taxes 36,911 40,641
Regulatory liabilities 14,216 31,270
Dividends payable 83,999 83,929
Other accrued liabilities 130,073 126,916
Total current liabilities 678,606 797,927
Deferred credits and other liabilities:    
Deferred income taxes and investment tax credits 1,733,947 1,628,324
Customers' advances for construction 125,191 128,755
Regulatory liabilities 838,084 820,910
Asset retirement obligations 851 848
Operating lease liabilities 32,415 34,425
Pension and other postretirement benefit liabilities 37,363 38,850
Other 23,699 24,086
Total deferred credits and other liabilities 2,791,550 2,676,198
Contributions in aid of construction 646,932 645,066
Total liabilities and equity $ 17,054,344 $ 16,841,459