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Equity
6 Months Ended
Mar. 31, 2012
Equity [Abstract]  
Equity
12. Equity

The following table sets forth changes in UGI’s equity and the equity of the noncontrolling interests for the six months ended March 31, 2012 and 2011:

 

 

                                                 
          UGI Shareholders        
                      Accumulated              
                      Other              
    Non-                 Comprehensive              
    controlling     Common     Retained     Income     Treasury     Total  
    Interests     Stock     Earnings     (Loss)     Stock     Equity  

Six Months Ended March 31, 2012:

                                               

Balance September 30, 2011

  $ 213.4     $ 937.4     $ 1,085.8     $ (17.7   $ (27.8   $ 2,191.1  

Net income

    116.7               220.4                       337.1  

Net losses on derivative instruments

    (22.0                     (58.7             (80.7

Reclassifications of net losses on derivative instruments

    13.0                       31.7               44.7  

Benefit plans

                            0.2               0.2  

Foreign currency translation and transaction adjustments

                            1.7               1.7  

Dividends and distributions

    (71.6             (58.3                     (129.9

AmeriGas Partners Common Unit public offering

    276.6                                       276.6  

AmeriGas Common Units issued in connection with Heritage Acquisition

    1,132.6                                       1,132.6  

Adjustments to reflect change in ownership of AmeriGas Partners

    (321.4     194.4               1.9               (125.1

Equity transactions—other

    2.5       13.2                       2.2       17.9  

Other

    (0.1                                     (0.1
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance March 31, 2012

  $ 1,339.7     $ 1,145.0     $ 1,247.9     $ (40.9   $ (25.6   $ 3,666.1  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Six Months Ended March 31, 2011:

                                               

Balance September 30, 2010

  $ 237.1     $ 906.1     $ 966.7     $ (10.1   $ (38.2   $ 2,061.6  

Net income

    108.1               262.5                       370.6  

Net gains on derivative instruments

    14.1                       22.3               36.4  

Reclassifications of net (gains) losses on derivative instruments

    (10.8                     24.7               13.9  

Benefit plans

                            2.1               2.1  

Foreign currency translation adjustments

                            24.6               24.6  

Dividends and distributions

    (45.7             (55.7                     (101.4

Equity transactions

    0.3       25.4                       8.8       34.5  

Other

    0.8                                       0.8  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance March 31, 2011

  $ 303.9     $ 931.5     $ 1,173.5     $ 63.6     $ (29.4   $ 2,443.1  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

As a result of the January 2012 issuance of 29,567,362 AmeriGas Partners Common Units to ETP in conjunction with the Heritage Acquisition and related General Partner Common Unit transactions (see Note 4), and the March 2012 issuance of 7,000,000 AmeriGas Partners Common Units pursuant to AmeriGas Partners’ public offering (see Note 16), the Company recorded an increase in UGI Corporation stockholders’ equity (which amount is net of deferred income taxes) and an associated pre-tax decrease in noncontrolling interests equity. The adjustments are included in the table above under the caption “Adjustments to reflect changes in ownership of AmeriGas Partners.”