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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues:        
Utility $ 81,938 $ 68,273 $ 277,707 $ 251,942
Nonutility 162,436 86,129 392,496 235,495
Total Operating Revenues 244,374 154,402 670,203 487,437
Cost of Sales - (Excluding depreciation)        
- Utility 32,331 19,508 103,710 84,714
- Nonutility 147,354 78,832 363,117 166,601
Operations 38,474 36,250 78,100 75,047
Maintenance 4,672 4,259 9,653 8,643
Depreciation 24,556 22,296 48,879 42,997
Energy and Other Taxes 1,551 1,243 3,622 3,168
Total Operating Expenses 248,938 162,388 607,081 381,170
Operating Loss (4,564) (7,986) 63,122 106,267
Other Income and Expense 2,317 4,361 7,982 6,564
Interest Charges (10,979) (8,229) (27,724) (17,389)
Losses Before Income Taxes (13,226) (11,854) 43,380 95,442
Income Taxes 5,544 7,189 (16,326) (32,078)
Equity in Earnings (Losses) of Affiliated Companies 70 (133) 3,081 25
Loss from Continuing Operations (7,612) (4,798) 30,135 63,389
Loss from Discontinued Operations - (Net of tax benefit) (47) (29) (77) (147)
Net Loss $ (7,659) $ (4,827) $ 30,058 $ 63,242
Basic Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ (0.10) $ (0.06) $ 0.38 $ 0.86
Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.00
Basic Earnings Per Common Share (in dollars per share) $ (0.10) $ (0.06) $ 0.38 $ 0.86
Average Shares of Common Stock Outstanding - Basic (in shares) 79,549 75,298 79,534 73,213
Diluted Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ (0.10) $ (0.06) $ 0.38 $ 0.86
Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.00
Diluted Earnings Per Common Share (in dollars per share) $ (0.10) $ (0.06) $ 0.38 $ 0.86
Average Shares of Common Stock Outstanding - Diluted (in shares) 79,549 75,298 79,670 73,506
Dividends Declared Per Common Share (in dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.52
South Jersey Gas Company        
Operating Revenues:        
Total Operating Revenues $ 83,251 $ 68,762 $ 280,065 $ 256,528
Cost of Sales - (Excluding depreciation)        
Cost of Sales (Excluding depreciation) 33,644 19,997 106,068 89,300
Operations 23,034 22,525 47,788 48,594
Maintenance 4,672 4,259 9,653 8,643
Depreciation 12,873 11,490 25,587 22,700
Energy and Other Taxes 872 560 2,167 1,587
Total Operating Expenses 75,095 58,831 191,263 170,824
Operating Loss 8,156 9,931 88,802 85,704
Other Income and Expense 1,618 1,079 3,239 1,915
Interest Charges (6,077) (4,552) (11,955) (9,339)
Losses Before Income Taxes 3,697 6,458 80,086 78,280
Income Taxes (1,431) (1,415) (31,342) (28,819)
Net Loss $ 2,266 $ 5,043 $ 48,744 $ 49,461