Schedule I

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I

SCHEDULE I - SOUTH JERSEY INDUSTRIES, INC.

CONDENSED STATEMENTS OF INCOME

(In Thousands)

	2015			2014			2013
Management Service Fee Revenues	$	20,990		$	21,118		$	16,269
Operating Expenses:
Operations	17,979			18,183			14,979
Depreciation	406			439			260
Energy and Other Taxes	806			813			465
Total Operating Expenses	19,191			19,435			15,704
Operating Income	1,799			1,683			565
Other Income:
Equity in Earnings of Subsidiaries	105,610			97,628			82,389
Other	10,145			7,283			5,459
Total Other Income	115,755			104,911			87,848
Interest Charges	11,822			8,803			6,004
Income Taxes	122			163			20
Income from Continuing Operations	105,610			97,628			82,389
Equity in Undistributed Earnings of Discontinued Operations	(503		)	(582		)	(796		)
Net Income	$	105,107		$	97,046		$	81,593

SCHEDULE I - SOUTH JERSEY INDUSTRIES, INC.

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands)

	2015			2014			2013
Net Income	$	105,107		$	97,046		$	81,593
Other Comprehensive (Loss) Income - Net of Tax*
Postretirement Liability Adjustment	5,518			(9,160		)	4,934
Unrealized (Loss) Gain on Available-for-Sale Securities	(53		)	(472		)	103
Unrealized Gain (Loss) on Derivatives	294			134			5,308
Total Other Comprehensive (Loss) Income - Net of Tax*	5,759			(9,498		)	10,345
Comprehensive Income	$	110,866		$	87,548		$	91,938

*  For 2015 and 2014, determined using a combined average statutory tax rate of 40%. For 2013, determined using a combined statutory tax rate of 41%

SCHEDULE I - SOUTH JERSEY INDUSTRIES, INC.

CONDENSED STATEMENTS OF RETAINED EARNINGS

(In Thousands)

	2015			2014			2013
Retained Earnings - Beginning	$	439,218		$	406,041		$	382,127
Net Income	105,107			97,046			81,593
	544,325			503,087			463,720
Dividends Declared - Common Stock	(70,158		)	(63,869		)	(57,679		)
Retained Earnings - Ending	$	474,167		$	439,218		$	406,041

SCHEDULE I - SOUTH JERSEY INDUSTRIES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE TWELVE MONTHS ENDED DECEMBER 31,

(In Thousands)

	2015			2014			2013
CASH PROVIDED BY OPERATING ACTIVITIES	$	38,593		$	22,244		$	1,316
CASH FLOWS FROM INVESTING ACTIVITIES:
Net Advances to Associated Companies	(118,802		)	(104,979		)	(68,900		)
Capital Expenditures	(150		)	(1,610		)	(360		)
Proceeds from Sale of Property, Plant & Equipment	—			27			6
Purchase of Company Owned Life Insurance	(2,328		)	(1,250		)	(5,149		)
Investment in Affiliate	—			(25,000		)	(25,000		)
Net Cash Used In Investing Activities	(121,280		)	(132,812		)	(99,403		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Issuance of Long Term Debt	50,000			240,000			—
Principal Repayments of Long Term Debt	(114,000		)	—			—
Payments for Issuance of Long Term Debt	(55		)	(1,558		)	—
Net Borrowings from (Repayments of) Lines of Credits	153,000			(144,100		)	101,600
Dividends on Common Stock	(70,158		)	(63,869		)	(57,679		)
Proceeds from Sale of Common Stock	63,192			80,680			54,028
Net Cash Provided by Financing Activities	81,979			111,153			97,949
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(708		)	585			(138		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	2,416			1,831			1,969
CASH AND CASH EQUIVALENTS AT END OF YEAR	$	1,708		$	2,416		$	1,831

SCHEDULE I - SOUTH JERSEY INDUSTRIES, INC.

CONDENSED BALANCE SHEETS (In Thousands)

	2015			2014
Assets
Property Plant and Equipment:
Nonutility Property, Plant and Equipment, at cost	$	2,468		$	3,521
Accumulated Depreciation	(1,768		)	(1,370		)
Property, Plant and Equipment - Net	700			2,151
Investments:
Investments in Subsidiaries	1,051,675			983,721
Available-for-Sale Securities	3,860			28
Total Investments	1,055,535			983,749
Current Assets:
Cash and Cash Equivalents	1,708			2,416
Receivable from Associated Companies	582,406			463,756
Accounts Receivable	49			35
Other	2,859			747
Total Current Assets	587,022			466,954
Other Noncurrent Assets	39,503			44,887
Total Assets	$	1,682,760		$	1,497,741
Capitalization and Liabilities
Equity:
Common Stock SJI
Par Value $1.25 a share
Authorized - 120,000,000 shares
Outstanding - 70,965,622 (2015) and 68,334,860 (2014)	88,707			$	42,709
Premium on Common Stock	499,460			480,928
Treasury Stock (at par)	(296		)	(165		)
Accumulated Other Comprehensive Loss	(24,499		)	(30,258		)
Retained Earnings	474,167			439,218
Total Equity	1,037,539			932,432
Long-Term Debt	341,000			291,000
Current Liabilities:
Notes Payable - Banks	297,300			144,300
Current Portion of Long-Term Debt	—			114,000
Payable to Associated Companies	262			413
Accounts Payable	425			400
Other Current Liabilities	3,579			5,062
Total Current Liabilities	301,566			264,175
Other Noncurrent Liabilities	2,655			10,134
Total Capitalization and Liabilities	$	1,682,760		$	1,497,741

Notes to Condensed Financial Statements

1. BASIS OF PRESENTATION:

Pursuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of SJI do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP in the United States. Therefore, these condensed financial statements should be read in conjunction with the consolidated financial statements and related notes included under Item 8 in this Form 10-K.

Dividends received from subsidiaries amounted to $40.8 million and $18.2 million in 2015 and 2014, respectively. No dividends were received from subsidiaries in 2013.