The following unaudited quarterly data includes adjustments (consisting only of normal recurring adjustments with the exception of those indicated below) which we consider necessary for a fair presentation unless otherwise indicated and reflects the revisions or restatements to correct the errors described in Note 3. Our quarterly results fluctuate because of the seasonal nature of our businesses.



	December 31, 2012									March 31, 2013									June 30, 2013									September 30, 2013 (a)
	As Previously Reported			Adjustments			As Revised (See Note 3)			As Previously Reported			Adjustments			As Restated (See Note 3)			As Previously Reported			Adjustments			As Revised (See Note 3)
Revenues	$	2,023.2		$	(4.5	)	$	2,018.7		$	2,537.1		$	5.6		$	2,542.7		$	1,372.3		$	2.0		$	1,374.3		$	1,259.0
Costs and expenses:
Cost of sales (excluding depreciation shown below)	1,218.8			(3.3		)	1,215.5			1,500.6			(13.9		)	1,486.7			827.9			8.9			836.8			785.4
Operating and administrative expenses	426.9			—			426.9			465.8			(4.3		)	461.5			404.7			2.8			407.5			396.1
Utility taxes other than income taxes	4.3			—			4.3			4.7			—			4.7			3.7			—			3.7			4.2
Depreciation	71.8			0.7			72.5			71.7			2.3			74.0			76.5			(0.1		)	76.4			78.5
Amortization	15.3			—			15.3			15.6			—			15.6			15.4			—			15.4			15.4
Other income, net	(10.0		)	—			(10.0		)	(7.5		)	—			(7.5		)	(9.0		)	2.0			(7.0		)	(8.3		)
	1,727.1			(2.6		)	1,724.5			2,050.9			(15.9		)	2,035.0			1,319.2			13.6			1,332.8			1,271.3
Operating income (loss)	296.1			(1.9		)	294.2			486.2			21.5			507.7			53.1			(11.6		)	41.5			(12.3		)
Income (loss) from equity investees	—			—			—			0.1			—			0.1			—			—			—			(0.5		)
Interest expense	(60.3		)	(1.2		)	(61.5		)	(60.1		)	—			(60.1		)	(59.2		)	—			(59.2		)	(59.5		)
Income (loss) before income taxes	235.8			(3.1		)	232.7			426.2			21.5			447.7			(6.1		)	(11.6		)	(17.7		)	(72.3		)
Income tax (expense) benefit	(65.1		)	0.2			(64.9		)	(100.0		)	(6.0		)	(106.0		)	(9.0		)	3.9			(5.1		)	13.2
Net income (loss)	170.7			(2.9		)	167.8			326.2			15.5			341.7			(15.1		)	(7.7		)	(22.8		)	(59.1		)
(Deduct net income) add net loss attributable to noncontrolling interests, principally in AmeriGas Partners	(68.1		)	2.8			(65.3		)	(154.3		)	(6.7		)	(161.0		)	29.8			2.1			31.9			44.9
Net income (loss) attributable to UGI Corporation	$	102.6		$	(0.1	)	$	102.5		$	171.9		$	8.8		$	180.7		$	14.7		$	(5.6	)	$	9.1		$	(14.2	)
Earnings (loss) per common share attributable to UGI Corporation stockholders:
Basic	$	0.91					$	0.91		$	1.51					$	1.59		$	0.13					$	0.08		$	(0.12	)
Diluted	$	0.90					$	0.90		$	1.49					$	1.57		$	0.13					$	0.08		$	(0.12	)
Average common shares outstanding (thousands):
Basic	113,136						113,136			113,709						113,709			114,240						114,240			114,598
Diluted	114,490						114,490			115,199						115,199			116,196						116,196			114,598



	December 31, 2011 (b)									March 31, 2012 (c)									June 30, 2012									September 30, 2012
	As Previously Reported			Adjustments			As Restated (See Note 3)			As Previously Reported			Adjustments			As Revised (See Note 3)			As Previously Reported			Adjustments			As Restated (See Note 3)			As Previously Reported			Adjustments			As Revised (See Note 3)
Revenues	$	1,688.8		$	(2.0	)	$	1,686.8		$	2,427.5		$	0.3		$	2,427.8		$	1,277.2		$	3.5		$	1,280.7		$	1,125.7		$	0.3		$	1,126.0
Costs and expenses:																												—
Cost of sales (excluding depreciation shown below)	1,101.8			20.5			1,122.3			1,526.6			(2.3		)	1,524.3			810.2			(17.5		)	792.7			672.6			(12.8		)	659.8
Operating and administrative expenses	342.4			0.3			342.7			443.3			0.5			443.8			405.8			(1.3		)	404.5			400.2			(0.1		)	400.1
Utility taxes other than income taxes	4.1			—			4.1			4.9			—			4.9			3.9			—			3.9			4.4			—			4.4
Depreciation	52.8			0.1			52.9			68.7			(0.2		)	68.5			69.5			(0.1		)	69.4			73.2			(0.8		)	72.4
Amortization	7.5			—			7.5			14.1			—			14.1			15.1			—			15.1			15.1			—			15.1
Other income, net	(8.1		)	—			(8.1		)	(10.9		)	(1.9		)	(12.8		)	(8.1		)	—			(8.1		)	(11.2		)	0.4			(10.8		)
	1,500.5			20.9			1,521.4			2,046.7			(3.9		)	2,042.8			1,296.4			(18.9		)	1,277.5			1,154.3			(13.3		)	1,141.0
Operating income (loss)	188.3			(22.9		)	165.4			380.8			4.2			385.0			(19.2		)	22.4			3.2			(28.6		)	13.6			(15.0		)
Loss from equity investees	(0.1		)	—			(0.1		)	—			—			—			(0.1		)	—			(0.1		)	(0.1		)	—			(0.1		)
Loss on extinguishments of debt	—			—			—			(13.4		)	—			(13.4		)	0.1			—			0.1			—			—			—
Interest expense	(36.0		)	—			(36.0		)	(65.3		)	2.8			(62.5		)	(61.3		)	0.4			(60.9		)	(58.9		)	(2.1		)	(61.0		)
Income (loss) before income taxes	152.2			(22.9		)	129.3			302.1			7.0			309.1			(80.5		)	22.8			(57.7		)	(87.6		)	11.5			(76.1		)
Income tax (expense) benefit	(42.1		)	8.8			(33.3		)	(75.1		)	(2.1		)	(77.2		)	4.0			(8.1		)	(4.1		)	13.6			(5.9		)	7.7
Net income (loss)	110.1			(14.1		)	96.0			227.0			4.9			231.9			(76.5		)	14.7			(61.8		)	(74.0		)	5.6			(68.4		)
(Deduct net income) add net loss attributable to noncontrolling interests, principally in AmeriGas Partners	(23.1		)	2.0			(21.1		)	(93.6		)	(2.0		)	(95.6		)	70.2			(3.1		)	67.1			59.3			2.8			62.1
Net income (loss) attributable to UGI Corporation	$	87.0		$	(12.1	)	$	74.9		$	133.4		$	2.9		$	136.3		$	(6.3	)	$	11.6		$	5.3		$	(14.7	)	$	8.4		$	(6.3	)
Earnings (loss) per common share attributable to UGI Corporation stockholders:
Basic	$	0.78					$	0.67		$	1.19					$	1.21		$	(0.06	)				$	0.05		$	(0.13	)				$	(0.06	)
Diluted	$	0.77					$	0.66		$	1.18					$	1.20		$	(0.06	)				$	0.05		$	(0.13	)				$	(0.06	)
Average common shares outstanding (thousands):
Basic	112,240						112,240			112,510						112,510			112,726						112,726			112,868						112,868
Diluted	113,152						113,152			113,239						113,239			112,726						113,504			112,868						112,868

The impacts of the corrections on the key financial metrics operating income (loss), net income (loss) attributable to UGI Corporation and diluted earnings (loss) per share for each of the relevant quarters in the two years ended September 30, 2013 is are follows:



	Fiscal 2013								Fiscal 2012
	December 31, 2012			March 31, 2013		June 30, 2013			December 31, 2011			March 31, 2012			June 30, 2012		September 30, 2012
Operating income (loss):
Midstream & Marketing hedge accounting	$	0.7		$	12.5	$	(6.9	)	(19.3		)	2.2			18.5		15.5
Partnership customer credits	(2.8		)	7.0		—			(3.2		)	(0.4		)	3.2		(1.4		)
Other (1)	0.2			2.0		(4.7		)	(0.4		)	2.4			0.7		(0.5		)
Total	$	(1.9	)	$	21.5	$	(11.6	)	$	(22.9	)	$	4.2		$	22.4	$	13.6

Net income (loss) attributable to UGI Corporation:
Midstream & Marketing hedge accounting	$	0.4		$	7.3	$	(4.1	)	$	(11.3	)	$	1.3		$	10.8	$	9.1
Partnership customer credits	(0.4		)	1.1		—			(0.8		)	(0.1		)	0.5		(0.2		)
Other (1)	(0.1		)	0.4		(1.5		)	—			1.7			0.3		(0.5		)
Total	$	(0.1	)	$	8.8	$	(5.6	)	$	(12.1	)	$	2.9		$	11.6	$	8.4

Diluted earnings (loss) per share attributable to UGI Corporation stockholders:
Midstream & Marketing hedge accounting	$	—		$	0.06	$	(0.04	)	$	(0.10	)	$	0.01		$	0.10	$	0.08
Partnership customer credits	—			0.01		—			(0.01		)	—			—		—
Other (1)	—			0.01		(0.01		)	—			0.02			—		(0.01		)
Total	$	—		$	0.08	$	(0.05	)	$	(0.11	)	$	0.03		$	0.10	$	0.07

(1) Other adjustments principally relate to the timing of certain expense and income accruals. Other diluted earnings (loss) per share attributable to UGI Corporation stockholders also includes the impact of rounding.

The adjustments reflected in the tables above did not affect cash flows from operating activities, investing activities or financing activities for any of the quarterly periods. In addition, the adjustments above relating to the Midstream & Marketing hedge accounting did not affect total stockholders’ equity as these adjustments resulted in changes to accumulated other comprehensive income and retained earnings in equal and offsetting amounts. In addition, the adjustments related to Midstream & Marketing hedge accounting had no effect on consolidated assets and liabilities. The Partnership customer credits and other adjustments did not have a material effect on the consolidated balance sheets for all periods presented.


(a)	Includes impairment loss on private equity partnership investment which increased operating loss by $6.3 and net loss attributable to UGI Corporation by $3.7 or $0.03 per share (see Note 2).


(b)	Includes adjustment to foreign tax credit valuation allowance which increased net income by $5.5 or $0.05 per diluted share (see Note 7).


(c)	Includes loss on extinguishment of Partnership long-term debt which decreased net income attributable to UGI Corporation by $2.2 or $0.02 per diluted share (see Note 6).