XML 20 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment:    
Utility Plant, at original cost $ 4,200,565 $ 2,652,244
Accumulated Depreciation (781,824) (498,161)
Nonutility Property and Equipment, at cost 161,250 741,027
Accumulated Depreciation (49,888) (194,913)
Property, Plant and Equipment - Net 3,530,103 2,700,197
Investments:    
Available-for-Sale Securities 36 36
Restricted Investments 10,002 31,876
Investment in Affiliates 74,811 62,292
Total Investments 84,849 94,204
Current Assets:    
Cash and Cash Equivalents 3,314 7,819
Accounts Receivable 220,561 202,379
Unbilled Revenues 29,313 73,377
Provision for Uncollectibles (20,292) (13,988)
Notes Receivable - Affiliate 3,552 4,913
Natural Gas in Storage, average cost 84,373 48,513
Materials and Supplies, average cost 4,574 4,239
Prepaid Taxes 28,185 41,355
Derivatives - Energy Related Assets 27,414 42,139
Assets Held For Sale 329,622 0
Other Prepayments and Current Assets 26,703 28,247
Total Current Assets 737,319 438,993
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 628,977 469,224
Derivatives - Energy Related Assets 8,014 5,988
Notes Receivable - Affiliate 13,275 13,275
Contract Receivables 27,934 28,721
Goodwill 759,826 3,578
Other (See Note 1) 124,225 110,906
Total Regulatory and Other Noncurrent Assets 1,562,251 631,692
Total Assets 5,914,522 3,865,086
Equity:    
Common Stock 106,883 99,436
Other Paid-In Capital and Premium on Common Stock 843,064 709,658
Treasury Stock (at par) (287) (271)
Accumulated Other Comprehensive Loss (36,740) (36,765)
Retained Earnings 321,912 420,351
Total Equity 1,234,832 1,192,409
Long-Term Debt 1,281,000 1,122,999
Total Capitalization 2,515,832 2,315,408
Current Liabilities:    
Notes Payable 421,400 346,400
Current Portion of Long-Term Debt 1,482,734 63,809
Accounts Payable 383,465 284,899
Customer Deposits and Credit Balances 35,109 43,398
Environmental Remediation Costs 59,799 66,372
Taxes Accrued 3,924 2,932
Derivatives - Energy Related Liabilities 23,469 46,938
Deferred Contract Revenues 407 259
Derivatives - Other Current 339 748
Dividends Payable 23,942 0
Interest Accrued 12,125 9,079
Pension Benefits 2,388 2,388
Other Current Liabilities 22,053 15,860
Total Current Liabilities 2,471,154 883,082
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 85,840 86,884
Pension and Other Postretirement Benefits 114,765 101,544
Environmental Remediation Costs 163,047 106,483
Asset Retirement Obligations 44,255 59,497
Derivatives - Energy Related Liabilities 3,997 6,025
Derivatives - Other Noncurrent 5,125 9,622
Regulatory Liabilities 481,512 287,105
Other 28,995 9,436
Total Deferred Credits and Other Noncurrent Liabilities 927,536 666,596
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 5,914,522 3,865,086
SJG Utility Operations    
Property, Plant and Equipment:    
Utility Plant, at original cost 2,812,128 2,652,244
Accumulated Depreciation (519,924) (498,161)
Property, Plant and Equipment - Net 2,292,204 2,154,083
Investments:    
Restricted Investments 532 2,912
Total Investments 532 2,912
Current Assets:    
Cash and Cash Equivalents 1,647 1,707
Accounts Receivable 72,010 78,571
Accounts Receivable - Related Parties 2,235 988
Unbilled Revenues 7,995 54,980
Provision for Uncollectibles (14,327) (13,799)
Natural Gas in Storage, average cost 19,629 14,932
Materials and Supplies, average cost 706 825
Prepaid Taxes 25,667 38,326
Derivatives - Energy Related Assets 7,951 7,327
Other Prepayments and Current Assets 10,498 12,670
Total Current Assets 134,011 196,527
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 494,331 469,224
Long-Term Receivables 25,390 25,851
Derivatives - Energy Related Assets 2 5
Other (See Note 1) 19,914 17,372
Total Regulatory and Other Noncurrent Assets 539,637 512,452
Total Assets 2,966,384 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 (25,972) (25,997)
Retained Earnings 645,177 585,838
Total Equity 980,797 921,433
Long-Term Debt 573,441 758,052
Total Capitalization 1,554,238 1,679,485
Current Liabilities:    
Notes Payable 140,200 52,000
Current Portion of Long-Term Debt 238,909 63,809
Customer Deposits and Credit Balances 27,051 41,656
Accounts Payable - Commodity 30,365 43,341
Accounts Payable - Other 49,654 41,365
Accounts Payable - Related Parties 7,090 17,029
Environmental Remediation Costs 40,682 66,040
Taxes Accrued 1,665 1,760
Derivatives - Energy Related Liabilities 2,804 9,270
Derivatives - Other Current 291 389
Interest Accrued 4,832 7,615
Pension Benefits 2,353 2,353
Other Current Liabilities 6,066 7,027
Total Current Liabilities 551,962 353,654
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 311,274 280,746
Pension and Other Postretirement Benefits 94,305 88,871
Environmental Remediation Costs 111,298 105,656
Asset Retirement Obligations 43,451 58,714
Derivatives - Energy Related Liabilities 68 170
Derivatives - Other Noncurrent 4,751 6,639
Regulatory Liabilities 290,033 287,105
Other 5,004 4,934
Total Deferred Credits and Other Noncurrent Liabilities 860,184 832,835
Total Capitalization and Liabilities $ 2,966,384 $ 2,865,974