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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 317 $ 405 $ 334
Restricted cash 227 64 24
Accounts receivable (less allowances for doubtful accounts of $69, $64 and $57, respectively) 1,578 1,127 1,461
Accrued utility revenues 147 23 95
Income taxes receivable 51 128 128
Inventories 618 665 548
Derivative instruments 238 865 578
Held for sale assets (Note 5) 0 295 0
Prepaid expenses and other current assets 280 230 263
Total current assets 3,456 3,802 3,431
Property, plant and equipment, (less accumulated depreciation of $4,344, $4,166 and $4,047, respectively) 8,176 8,040 7,597
Goodwill 3,697 3,612 3,748
Intangible assets, net 488 500 565
Utility regulatory assets 314 301 372
Derivative instruments 187 565 257
Other assets 810 755 830
Total assets 17,128 17,575 16,800
Current liabilities:      
Current maturities of long-term debt 402 149 123
Short-term borrowings 991 368 579
Accounts payable 1,014 891 973
Derivative instruments 133 144 53
Held for sale liabilities (Note 5) 0 19 0
Other current liabilities 840 873 853
Total current liabilities 3,380 2,444 2,581
Long-term debt 6,323 6,483 6,416
Deferred income taxes 958 1,305 1,060
Derivative instruments 36 50 33
Other noncurrent liabilities 1,243 1,219 1,351
Total liabilities 11,940 11,501 11,441
Commitments and contingencies (Note 9)
UGI Corporation stockholders’ equity:      
Preferred stock, without par value (authorized – 5,000,000 shares; issued – 220,000, 220,000 and 220,000 Series A shares, respectively) 167 162 214
UGI Common Stock, without par value (authorized — 450,000,000 shares; issued — 210,621,970, 210,560,494 and 210,045,726 shares, respectively) 1,482 1,483 1,402
Retained earnings 3,808 4,841 3,908
Accumulated other comprehensive loss (231) (380) (156)
Treasury stock, at cost (46) (40) (19)
Total UGI Corporation stockholders’ equity 5,180 6,066 5,349
Noncontrolling interests 8 8 10
Total equity 5,188 6,074 5,359
Total liabilities and equity $ 17,128 $ 17,575 $ 16,800