Restatements of Condensed Consolidated Financial Statements (Tables)

6 Months Ended

Mar. 31, 2014

Revisions of Condensed Consolidated Financial Statements [Abstract]

Condensed Consolidated Balance Sheet

Condensed Consolidated Balance Sheet

	March 31, 2013
	As Previously Reported			Adjustment			As Restated
Assets:
Deferred income taxes	$	35.9		$	(21.0	)	$	14.9
Prepaid expenses and other current assets	$	52.1		$	1.4		$	53.5
Property, plant and equipment	$	4,286.7		$	(1.3	)	$	4,285.4
Liabilities and equity:
Other current liabilities	$	644.2		$	(1.4	)	$	642.8
Deferred income taxes	$	941.4		$	(22.7	)	$	918.7
Other noncurrent liabilities	$	614.0		$	1.7		$	615.7
Retained earnings	$	1,379.4		$	(1.4	)	$	1,378.0
Accumulated other comprehensive loss	$	(45.6	)	$	(0.9	)	$	(46.5	)
Noncontrolling interests	$	1,227.3		$	3.8		$	1,231.1

Condensed Consolidated Statement of Income

Condensed Consolidated Statement of Income

	For the three months ended March 31, 2013									For the six months ended March 31, 2013
	As Previously Reported			Adjustment			As Restated			As Previously Reported			Adjustment			As Restated
Revenues	$	2,537.1		$	5.6		$	2,542.7		$	4,560.3		$	1.1		$	4,561.4
Cost of sales	$	1,500.6		$	(13.9	)	$	1,486.7		$	2,719.4		$	(17.2	)	$	2,702.2
Operating and administrative expenses	$	465.8		$	(4.3	)	$	461.5		$	892.7		$	(4.3	)	$	888.4
Depreciation	$	71.7		$	2.3		$	74.0		$	143.5		$	3.0		$	146.5
Operating income	$	486.2		$	21.5		$	507.7		$	782.3		$	19.6		$	801.9
Interest expense	$	(60.1	)	$	—		$	(60.1	)	$	(120.4	)	$	(1.2	)	$	(121.6	)
Income before income taxes	$	426.2		$	21.5		$	447.7		$	662.0		$	18.4		$	680.4
Income taxes	$	(100.0	)	$	(6.0	)	$	(106.0	)	$	(165.1	)	$	(5.8	)	$	(170.9	)
Net income	$	326.2		$	15.5		$	341.7		$	496.9		$	12.6		$	509.5
Deduct net income attributable to noncontrolling interests	$	(154.3	)	$	(6.7	)	$	(161.0	)	$	(222.4	)	$	(3.9	)	$	(226.3	)
Net income attributable to UGI Corporation	$	171.9		$	8.8		$	180.7		$	274.5		$	8.7		$	283.2
Basic earnings per common share	$	1.51					$	1.59		$	2.42					$	2.50
Diluted earnings per common share	$	1.49					$	1.57		$	2.39					$	2.47

Condensed Consolidated Statement of Comprehensive Income

Condensed Consolidated Statement of Comprehensive Income

	For the three months ended March 31, 2013									For the six months ended March 31, 2013
	As Previously Reported			Adjustment			As Restated			As Previously Reported			Adjustment			As Restated
Net income	$	326.2		$	15.5		$	341.7		$	496.9		$	12.6		$	509.5
Net gains (losses) on derivative instruments	$	9.2		$	(3.5	)	$	5.7		$	(0.1	)	$	0.5		$	0.4
Reclassifications of net losses on derivative instruments	$	29.0		$	(3.8	)	$	25.2		$	50.8		$	(8.2	)	$	42.6
Other comprehensive income	$	15.1		$	(7.3	)	$	7.8		$	44.0		$	(7.7	)	$	36.3
Comprehensive income	$	341.3		$	8.2		$	349.5		$	540.9		$	4.9		$	545.8
Deduct comprehensive income attributable to noncontrolling interests	$	(171.3	)	$	(6.7	)	$	(178.0	)	$	(250.0	)	$	(3.9	)	$	(253.9	)
Comprehensive income attributable to UGI Corporation	$	170.0		$	1.5		$	171.5		$	290.9		$	1.0		$	291.9

Condensed Consolidated Statements of Cash Flow

Condensed Consolidated Statements of Cash Flows

	For the six months ended March 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	As Previously Reported			Adjustment			As Restated
Net income	$	496.9		$	12.6		$	509.5
Depreciation and amortization	$	174.4		$	3.0		$	177.4
Deferred income taxes, net	$	18.8		$	0.6		$	19.4
Net change in realized gains and losses deferred as cash flow hedges	$	8.3		$	(8.3	)	$	—
Unrealized gains on derivative instruments	$	—		$	(5.8	)	$	(5.8	)
Other, net	$	7.1		$	4.4		$	11.5
Net change in:
Accounts receivable and accrued utility revenues	$	(550.1	)	$	(5.1	)	$	(555.2	)
Inventories	$	64.5		$	(2.8	)	$	61.7
Accounts payable	$	175.0		$	1.4		$	176.4

Condensed Consolidated Statements of Changes in Equity

Condensed Consolidated Statements of Changes in Equity

	For the six months ended March 31, 2013
	As Previously Reported			Adjustment			As Restated
Retained earnings	$	1,379.4		$	(1.4	)	$	1,378.0
Accumulated other comprehensive loss	$	(45.6	)	$	(0.9	)	$	(46.5	)
Noncontrolling interests	$	1,227.3		$	3.8		$	1,231.1