XML 64 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
AFFILIATIONS, DISCONTINUED OPERATIONS AND RELATED-PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Summarized Operating Results of the Discontinued Operations
Summarized financial information for the years ended December 31 for PennEast, as derived from their statements of income for 2021, 2020 and 2019, is below (in thousands):


202120202019
Revenues$— $— $— 
Gross Profit$— $— $— 
(Loss) Income from Continuing Operations $(416,073)$34,663 $32,291 
Net (Loss) Income$(416,073)$34,663 $32,291 
Net (Loss) Income Attributable to South Jersey Industries, Inc.$(83,215)$6,933 $6,458 

Summarized financial information as of December 31 for PennEast as derived from their balance sheets for 2021 and 2020, is below (in thousands):

20212020
Current Assets$1,216 $3,079 
Noncurrent Assets$45,000 $456,205 
Current Liabilities$479 $2,789 
Noncurrent Liabilities$500 $— 
Summarized financial information for the years ended December 31 for Energenic, as derived from their statements of income for 2021, 2020 and 2019, is below (in thousands):


202120202019
Revenues$143 $144 $144 
Gross Profit$61 $64 $65 
Losses from Continuing Operations $(16,628)$(3,797)$(3,795)
Net Losses$(16,628)$(3,797)$(3,795)
Net Losses Attributable to South Jersey Industries, Inc.$(8,314)$(1,898)$(1,898)

Summarized financial information as of December 31 for Energenic as derived from their balance sheets for 2021 and 2020, is below (in thousands):

20212020
Current Assets$11,181 $10,284 
Noncurrent Assets$8,764 $24,296 
Current Liabilities$17,456 $15,319 
Noncurrent Liabilities$29,378 $29,522 
Summarized operating results of the discontinued operations for the years ended December 31, were (in thousands, except per share amounts):
 202120202019
Income (Loss) before Income Taxes:   
Sand Mining$854 $(49)$(79)
Fuel Oil(789)(272)(263)
Income Tax (Expense) Benefits(14)66 70 
Income (Loss) from Discontinued Operations — Net$51 $(255)$(272)
Earnings Per Common Share from   
Discontinued Operations — Net:   
Basic and Diluted$— $— $— 
Summary of Financial Information for PennEast
Summarized financial information for the years ended December 31 for all affiliates, as derived from their statements of income for 2021, 2020 and 2019, is below (in thousands):


202120202019
Revenues$136,819 $77,266 $94,570 
Gross Profit$30,919 $16,278 $14,930 
(Loss) Income from Continuing Operations $(424,006)$36,906 $32,825 
Net (Loss) Income$(424,006)$36,906 $32,825 
Net (Loss) Income Attributable to South Jersey Industries, Inc.$(90,961)$8,294 $7,314 

Summarized financial information as of December 31 for all affiliates as derived from their balance sheets for 2021 and 2020, is below (in thousands):
20212020
Current Assets$67,160 $38,286 
Noncurrent Assets$113,685 $505,846 
Current Liabilities$40,214 $30,586 
Noncurrent Liabilities$93,285 $49,737 
Schedule of Related Party Transactions
A summary of related party transactions involving SJG, excluding pass-through items, included in SJG's Operating Revenues were as follows (in thousands):
202120202019
Operating Revenues/Affiliates: 
SJRG$20,067 $7,483 $5,039 
Marina— 60 394 
Other83 80 80 
Total Operating Revenues/Affiliates$20,150 $7,623 $5,513 

Related-party transactions involving SJG, excluding pass-through items, included in SJG's Cost of Sales and Operating Expenses were as follows (in thousands):
202120202019
Costs of Sales/Affiliates (Excluding depreciation and amortization)
SJRG$5,013 $4,969 $9,612 
Operations Expense/Affiliates:
SJI (parent company only)$25,919 $26,173 $22,462 
SJIU4,281 3,825 1,833 
Millennium3,458 3,277 3,146 
Other180 1,516 1,680 
Total Operations Expense/Affiliates$33,838 $34,791 $29,121