XML 43 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
SEGMENTS OF BUSINESS (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segments of Business
Information about SJI’s operations in different reportable operating segments is presented below (in thousands):

 
Three Months Ended
March 31,
 
2017
 
2016
Operating Revenues:
 
 
 
Gas Utility Operations
$
196,814

 
$
187,766

Energy Group:
 
 
 
     Wholesale Energy Operations
127,517

 
65,074

Retail Gas and Other Operations
36,878

 
29,733

Retail Electric Operations
48,957

 
39,491

     Subtotal Energy Group
213,352

 
134,298

Energy Services:
 
 
 
On-Site Energy Production
19,612

 
16,321

Appliance Service Operations
1,658

 
1,888

Subtotal Energy Services
21,270

 
18,209

Corporate and Services
11,596

 
8,876

Subtotal
443,032

 
349,149

Intersegment Sales
(17,203
)
 
(16,114
)
Total Operating Revenues
$
425,829

 
$
333,035


 
Three Months Ended
March 31,
 
2017
 
2016
Operating Income:
 

 
 

Gas Utility Operations
$
80,646

 
$
75,773

Energy Group:
 
 
 
     Wholesale Energy Operations
(11,626
)
 
38,244

Retail Gas and Other Operations
(1,667
)
 
(759
)
Retail Electric Operations
1,306

 
585

     Subtotal Energy Group
(11,987
)
 
38,070

Energy Services:
 
 
 
On-Site Energy Production
(1,969
)
 
(89
)
Appliance Service Operations
(72
)
 
44

  Subtotal Energy Services
(2,041
)
 
(45
)
Corporate and Services
1,068

 
455

Total Operating Income
$
67,686

 
$
114,253


 
 
 
Depreciation and Amortization:
 

 
 

Gas Utility Operations
$
17,362

 
$
15,626

Energy Group:
 
 
 
     Wholesale Energy Operations
28

 
204

Retail Gas and Other Operations
83

 
85

     Subtotal Energy Group
111

 
289

Energy Services:
 
 
 
On-Site Energy Production
11,593

 
9,919

Appliance Service Operations
54

 
84

  Subtotal Energy Services
11,647

 
10,003

Corporate and Services
401

 
223

Total Depreciation and Amortization
$
29,521

 
$
26,141


 
 
 
Interest Charges:
 

 
 

Gas Utility Operations
$
5,878

 
$
4,787

Energy Group:
 
 
 
     Wholesale Energy Operations
3,059

 
64

Retail Gas and Other Operations
85

 
132

     Subtotal Energy Group
3,144

 
196

Energy Services:
 
 
 
On-Site Energy Production
5,814

 
3,462

Corporate and Services
5,241

 
3,452

Subtotal
20,077

 
11,897

Intersegment Borrowings
(3,332
)
 
(2,737
)
Total Interest Charges
$
16,745

 
$
9,160


 
Three Months Ended
March 31,
 
2017
 
2016
Income Taxes:
 

 
 

Gas Utility Operations
$
29,911

 
$
27,404

Energy Group:
 
 
 
     Wholesale Energy Operations
(6,319
)
 
14,737

Retail Gas and Other Operations
(447
)
 
(168
)
Retail Electric Operations
535

 
239

     Subtotal Energy Group
(6,231
)
 
14,808

Energy Services:
 
 
 
On-Site Energy Production
(3,069
)
 
(3,012
)
Appliance Service Operations
(17
)
 
26

  Subtotal Energy Services
(3,086
)
 
(2,986
)
Corporate and Services
1,276

 
41

Total Income Taxes
$
21,870

 
$
39,267

 
 
 
 
Property Additions:
 
 
 
Gas Utility Operations
$
62,280

 
$
51,370

Energy Group:
 
 
 
     Wholesale Energy Operations
3

 
6

Retail Gas and Other Operations
295

 
371

     Subtotal Energy Group
298

 
377

Energy Services:
 
 
 
On-Site Energy Production
7,349

 
2,651

Appliance Service Operations
6

 
101

  Subtotal Energy Services
7,355

 
2,752

Corporate and Services
245

 
163

Total Property Additions
$
70,178

 
$
54,662


 
March 31, 2017
 
December 31, 2016
Identifiable Assets:
 
 
 
Gas Utility Operations
$
2,627,416

 
$
2,551,923

Energy Group:
 
 
 
     Wholesale Energy Operations
193,181

 
233,019

Retail Gas and Other Operations
50,515

 
52,729

Retail Electric Operations
37,827

 
41,280

     Subtotal Energy Group
281,523

 
327,028

Energy Services:
 
 
 
On-Site Energy Production
746,728

 
767,710

Appliance Service Operations
2,269

 
2,879

Subtotal Energy Services
748,997

 
770,589

Discontinued Operations
1,749

 
1,756

Corporate and Services
644,046

 
649,795

Intersegment Assets
(556,379
)
 
(570,524
)
Total Identifiable Assets
$
3,747,352

 
$
3,730,567