XML 20 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Property, Plant and Equipment:    
Utility Plant, at original cost $ 2,696,087 $ 2,652,244
Accumulated Depreciation (504,936) (498,161)
Nonutility Property and Equipment, at cost 745,826 741,027
Accumulated Depreciation (205,230) (194,913)
Property, Plant and Equipment - Net 2,731,747 2,700,197
Investments:    
Available-for-Sale Securities 36 36
Restricted Investments 16,713 31,876
Investment in Affiliates 66,970 62,292
Total Investments 83,719 94,204
Current Assets:    
Cash and Cash Equivalents 6,312 7,819
Accounts Receivable 243,395 202,379
Unbilled Revenues 62,601 73,377
Provision for Uncollectibles (14,684) (13,988)
Notes Receivable - Affiliate 3,848 4,913
Natural Gas in Storage, average cost 33,422 48,513
Materials and Supplies, average cost 4,233 4,239
Prepaid Taxes 20,391 41,355
Derivatives - Energy Related Assets 24,386 42,139
Other Prepayments and Current Assets 29,602 28,247
Total Current Assets 413,506 438,993
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 491,629 469,224
Derivatives - Energy Related Assets 12,268 5,988
Notes Receivable - Affiliate 13,275 13,275
Contract Receivables 27,638 28,721
Goodwill 3,578 3,578
Identifiable Intangible Assets 12,240 12,480
Other 100,480 98,426
Total Regulatory and Other Noncurrent Assets 661,108 631,692
Total Assets 3,890,080 3,865,086
Equity:    
Common Stock 99,516 99,436
Other Paid-In Capital and Premium on Common Stock 709,756 709,658
Treasury Stock (at par) (274) (271)
Accumulated Other Comprehensive Loss (36,756) (36,765)
Retained Earnings 509,255 420,351
Total Equity 1,281,497 1,192,409
Long-Term Debt 974,749 1,122,999
Total Capitalization 2,256,246 2,315,408
Current Liabilities:    
Notes Payable 248,100 346,400
Current Portion of Long-Term Debt 263,809 63,809
Accounts Payable 259,684 284,899
Customer Deposits and Credit Balances 29,356 43,398
Environmental Remediation Costs 60,846 66,372
Taxes Accrued 6,814 2,932
Derivatives - Energy Related Liabilities 12,486 46,938
Deferred Contract Revenues 262 259
Derivatives - Other Current 526 748
Dividends Payable 22,334 0
Interest Accrued 7,790 9,079
Pension Benefits 2,388 2,388
Other Current Liabilities 9,785 15,860
Total Current Liabilities 924,180 883,082
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 123,239 86,884
Pension and Other Postretirement Benefits 104,262 101,544
Environmental Remediation Costs 101,551 106,483
Asset Retirement Obligations 59,807 59,497
Derivatives - Energy Related Liabilities 4,153 6,025
Derivatives - Other Noncurrent 7,194 9,622
Regulatory Liabilities 300,358 287,105
Other 9,090 9,436
Total Deferred Credits and Other Noncurrent Liabilities 709,654 666,596
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 3,890,080 3,865,086
South Jersey Gas Company    
Property, Plant and Equipment:    
Utility Plant, at original cost 2,696,087 2,652,244
Accumulated Depreciation (504,936) (498,161)
Property, Plant and Equipment - Net 2,191,151 2,154,083
Investments:    
Restricted Investments 2,322 2,912
Total Investments 2,322 2,912
Current Assets:    
Cash and Cash Equivalents 3,398 1,707
Accounts Receivable 128,583 78,571
Accounts Receivable - Related Parties 2,842 988
Unbilled Revenues 44,287 54,980
Provision for Uncollectibles (14,491) (13,799)
Natural Gas in Storage, average cost 5,190 14,932
Materials and Supplies, average cost 824 825
Prepaid Taxes 17,156 38,326
Derivatives - Energy Related Assets 404 7,327
Other Prepayments and Current Assets 12,895 12,670
Total Current Assets 201,088 196,527
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 491,629 469,224
Long-Term Receivables 24,874 25,851
Derivatives - Energy Related Assets 0 5
Other 19,063 17,372
Total Regulatory and Other Noncurrent Assets 535,566 512,452
Total Assets 2,930,127 2,865,974
Equity:    
Common Stock 5,848 5,848
Other Paid-In Capital and Premium on Common Stock 355,744 355,744
Accumulated Other Comprehensive Loss (25,988) (25,997)
Retained Earnings 652,584 585,838
Total Equity 988,188 921,433
Long-Term Debt 558,218 758,052
Total Capitalization 1,546,406 1,679,485
Current Liabilities:    
Notes Payable 63,100 52,000
Current Portion of Long-Term Debt 263,809 63,809
Accounts Payable - Commodity 37,810 43,341
Accounts Payable - Other 34,923 41,365
Accounts Payable - Related Parties 13,176 17,029
Customer Deposits and Credit Balances 24,788 41,656
Environmental Remediation Costs 60,528 66,040
Taxes Accrued 5,785 1,760
Derivatives - Energy Related Liabilities 784 9,270
Derivatives - Other Current 337 389
Interest Accrued 5,938 7,615
Pension Benefits 2,353 2,353
Other Current Liabilities 5,755 7,027
Total Current Liabilities 519,086 353,654
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 302,524 280,746
Pension and Other Postretirement Benefits 91,264 88,871
Environmental Remediation Costs 100,736 105,656
Asset Retirement Obligations 59,018 58,714
Derivatives - Energy Related Liabilities 328 170
Derivatives - Other Noncurrent 5,669 6,639
Regulatory Liabilities 300,358 287,105
Other 4,738 4,934
Total Deferred Credits and Other Noncurrent Liabilities 864,635 832,835
Total Capitalization and Liabilities $ 2,930,127 $ 2,865,974