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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues:        
Utility $ 268,843 $ 314,467 $ 1,107,360 $ 960,300
Nonutility 168,826 217,002 551,880 658,906
Total Operating Revenues 261,203 302,480 1,165,435 1,051,755
Operating Expenses:        
Operations 54,169 74,413 173,603 179,464
Impairment Charges 1,296 0 1,296 99,233
Maintenance 9,081 8,602 27,984 22,276
Depreciation 24,945 22,350 72,759 71,783
Energy and Other Taxes 2,663 2,595 9,597 6,277
Total Operating Expenses 280,228 341,072 1,040,087 1,041,009
Operating Income (19,025) (38,592) 125,348 10,746
Other Income 618 1,406 2,268 5,141
Interest Charges (28,857) (26,534) (85,944) (60,067)
Income (Loss) Before Income Taxes (47,264) (63,720) 41,672 (44,180)
Income Taxes 10,925 16,649 (9,378) 12,206
Equity in Earnings of Affiliated Companies 1,593 1,429 5,355 3,845
Income (Loss) from Continuing Operations (34,746) (45,642) 37,649 (28,129)
Loss from Discontinued Operations - (Net of tax benefit) (59) (43) (216) (135)
Net Income (Loss) $ (34,805) $ (45,685) $ 37,433 $ (28,264)
Basic Earnings Per Common Share:        
Basic Earnings Per Common Share, Continuing Operations (in dollars per share) $ (0.38) $ (0.53) $ 0.41 $ (0.34)
Basic Earnings Per Common Share, Discontinued Operations (in dollars per share) 0 0 0 0
Basic Earnings Per Common Share (in dollars per share) $ (0.38) $ (0.53) $ 0.41 $ (0.34)
Average Shares of Common Stock Outstanding, Basic (in shares) 92,392 85,506 92,041 83,082
Diluted Earnings Per Common Share:        
Diluted Earnings Per Common Share, Continuing Operations (in dollars per share) $ (0.38) $ (0.53) $ 0.41 $ (0.34)
Diluted Earnings Per Common Share, Continuing Operations (in dollars per share) 0 0 0 0
Diluted Earnings Per Common Share (in dollars per common share) $ (0.38) $ (0.53) $ 0.41 $ (0.34)
Average Shares of Common Stock Outstanding, Diluted (in shares) 92,392 85,506 92,158 83,082
Gain (Loss) on Disposition of Assets $ (2,292) $ 0 $ (3,246) $ 0
SJG        
Operating Revenues:        
Utility 55,200 49,500 335,200 307,500
Total Operating Revenues   56,371 396,505 367,631
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 19,268 16,079 140,802 125,266
Operations 25,855 24,536 80,146 81,174
Maintenance 7,678 6,892 22,827 20,566
Depreciation 16,398 14,703 48,187 43,467
Energy and Other Taxes 1,159 988 4,302 2,741
Total Operating Expenses 70,358 63,198 296,264 273,214
Operating Income (8,319) (6,827) 100,241 94,417
Other Income 808 2,141 3,067 5,258
Interest Charges (7,840) (7,108) (23,584) (20,835)
Income (Loss) Before Income Taxes (15,351) (11,794) 79,724 78,840
Income Taxes 3,747 2,818 (20,620) (19,500)
Net Income (Loss) (11,604) (8,976) 59,104 59,340
Utility        
Operating Revenues:        
Utility 92,377 85,478 613,555 392,849
Energy Commodities and Service        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) 26,452 23,238 231,622 128,536
Nonutility Operations        
Operating Expenses:        
Cost of Sales - (Excluding depreciation and amortization) $ 163,914 $ 209,874 $ 526,472 $ 533,440