XML 18 R9.htm IDEA: XBRL DOCUMENT
v3.22.2

Segment Information | 9 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information We manage and review our consolidated operations through the following reportable segments: •The distribution segment is primarily comprised of our regulated natural gas distribution and related sales operations in eight states. •The pipeline and storage segment is comprised primarily of the pipeline and storage operations of our Atmos Pipeline-Texas division and our natural gas transmission operations in Louisiana. The accounting policies of the segments are the same as those described in the summary of significant accounting policies found in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. Income statements and capital expenditures for the three and nine months ended June 30, 2022 and 2021 by segment are presented in the following tables:
| Three Months Ended June 30, 2022
| Distribution |  | Pipeline and Storage |  |  |  | Eliminations |  | Consolidated
| (In thousands)
Operating revenues from external parties | $ | 772,497 |  |  | $ | 43,932 |  |  |  |  | $ | — |  |  | $ | 816,429 |
Intersegment revenues | 814 |  |  | 139,480 |  |  |  |  | (140,294) |  |  | — |
Total operating revenues | 773,311 |  |  | 183,412 |  |  |  |  | (140,294) |  |  | 816,429 |
Purchased gas cost | 390,559 |  |  | (1,347) |  |  |  |  | (140,053) |  |  | 249,159 |
Operation and maintenance expense | 133,654 |  |  | 48,912 |  |  |  |  | (241) |  |  | 182,325 |
Depreciation and amortization expense | 97,106 |  |  | 37,125 |  |  |  |  | — |  |  | 134,231 |
Taxes, other than income | 85,933 |  |  | 10,194 |  |  |  |  | — |  |  | 96,127 |
Operating income | 66,059 |  |  | 88,528 |  |  |  |  | — |  |  | 154,587 |
Other non-operating income | 6,708 |  |  | 6,555 |  |  |  |  | — |  |  | 13,263 |
Interest charges | 12,341 |  |  | 13,849 |  |  |  |  | — |  |  | 26,190 |
Income before income taxes | 60,426 |  |  | 81,234 |  |  |  |  | — |  |  | 141,660 |
Income tax expense | 3,025 |  |  | 10,088 |  |  |  |  | — |  |  | 13,113 |
Net income | $ | 57,401 |  |  | $ | 71,146 |  |  |  |  | $ | — |  |  | $ | 128,547 |
Capital expenditures | $ | 417,244 |  |  | $ | 118,766 |  |  |  |  | $ | — |  |  | $ | 536,010 |
| Three Months Ended June 30, 2021
| Distribution |  | Pipeline and Storage |  | Eliminations |  | Consolidated
| (In thousands)
Operating revenues from external parties | $ | 557,931 |  |  | $ | 47,622 |  |  | $ | — |  |  | $ | 605,553 |
Intersegment revenues | 819 |  |  | 115,365 |  |  | (116,184) |  |  | — |
Total operating revenues | 558,750 |  |  | 162,987 |  |  | (116,184) |  |  | 605,553 |
Purchased gas cost | 202,050 |  |  | 691 |  |  | (115,871) |  |  | 86,870 |
Operation and maintenance expense | 130,454 |  |  | 54,329 |  |  | (313) |  |  | 184,470 |
Depreciation and amortization expense | 86,099 |  |  | 33,249 |  |  | — |  |  | 119,348 |
Taxes, other than income | 72,024 |  |  | 9,451 |  |  | — |  |  | 81,475 |
Operating income | 68,123 |  |  | 65,267 |  |  | — |  |  | 133,390 |
Other non-operating income | 1,060 |  |  | 4,827 |  |  | — |  |  | 5,887 |
Interest charges | 8,540 |  |  | 12,422 |  |  | — |  |  | 20,962 |
Income before income taxes | 60,643 |  |  | 57,672 |  |  | — |  |  | 118,315 |
Income tax expense | 7,354 |  |  | 8,550 |  |  | — |  |  | 15,904 |
Net income | $ | 53,289 |  |  | $ | 49,122 |  |  | $ | — |  |  | $ | 102,411 |
Capital expenditures | $ | 398,416 |  |  | $ | 113,816 |  |  | $ | — |  |  | $ | 512,232 |
| Nine Months Ended June 30, 2022
| Distribution |  | Pipeline and Storage |  | Eliminations |  | Consolidated
| (In thousands)
Operating revenues from external parties | $ | 3,353,800 |  |  | $ | 125,234 |  |  | $ | — |  |  | $ | 3,479,034 |
Intersegment revenues | 2,479 |  |  | 384,843 |  |  | (387,322) |  |  | — |
Total operating revenues | 3,356,279 |  |  | 510,077 |  |  | (387,322) |  |  | 3,479,034 |
Purchased gas cost | 1,881,212 |  |  | (3,075) |  |  | (386,437) |  |  | 1,491,700 |
Operation and maintenance expense | 378,479 |  |  | 127,193 |  |  | (885) |  |  | 504,787 |
Depreciation and amortization expense | 286,515 |  |  | 108,946 |  |  | — |  |  | 395,461 |
Taxes, other than income | 242,214 |  |  | 29,292 |  |  | — |  |  | 271,506 |
Operating income | 567,859 |  |  | 247,721 |  |  | — |  |  | 815,580 |
Other non-operating income | 9,173 |  |  | 18,005 |  |  | — |  |  | 27,178 |
Interest charges | 36,046 |  |  | 38,923 |  |  | — |  |  | 74,969 |
Income before income taxes | 540,986 |  |  | 226,803 |  |  | — |  |  | 767,789 |
Income tax expense | 35,163 |  |  | 29,871 |  |  | — |  |  | 65,034 |
Net income | $ | 505,823 |  |  | $ | 196,932 |  |  | $ | — |  |  | $ | 702,755 |
Capital expenditures | $ | 1,217,094 |  |  | $ | 508,945 |  |  | $ | — |  |  | $ | 1,726,039 |
| Nine Months Ended June 30, 2021
| Distribution |  | Pipeline and Storage |  | Eliminations |  | Consolidated
| (In thousands)
Operating revenues from external parties | $ | 2,715,644 |  |  | $ | 123,462 |  |  | $ | — |  |  | $ | 2,839,106 |
Intersegment revenues | 2,430 |  |  | 353,406 |  |  | (355,836) |  |  | — |
Total operating revenues | 2,718,074 |  |  | 476,868 |  |  | (355,836) |  |  | 2,839,106 |
Purchased gas cost | 1,304,269 |  |  | (440) |  |  | (354,890) |  |  | 948,939 |
Operation and maintenance expense | 363,246 |  |  | 117,188 |  |  | (946) |  |  | 479,488 |
Depreciation and amortization expense | 254,636 |  |  | 98,633 |  |  | — |  |  | 353,269 |
Taxes, other than income | 214,991 |  |  | 28,385 |  |  | — |  |  | 243,376 |
Operating income | 580,932 |  |  | 233,102 |  |  | — |  |  | 814,034 |
Other non-operating income | 1,135 |  |  | 13,658 |  |  | — |  |  | 14,793 |
Interest charges | 33,269 |  |  | 35,799 |  |  | — |  |  | 69,068 |
Income before income taxes | 548,798 |  |  | 210,961 |  |  | — |  |  | 759,759 |
Income tax expense | 109,481 |  |  | 33,435 |  |  | — |  |  | 142,916 |
Net income | $ | 439,317 |  |  | $ | 177,526 |  |  | $ | — |  |  | $ | 616,843 |
Capital expenditures | $ | 1,000,616 |  |  | $ | 357,344 |  |  | $ | — |  |  | $ | 1,357,960 |
Balance sheet information at June 30, 2022 and September 30, 2021 by segment is presented in the following tables:
| June 30, 2022
| Distribution |  | Pipeline and Storage |  | Eliminations |  | Consolidated
| (In thousands)
Property, plant and equipment, net | $ | 12,314,182 |  |  | $ | 4,242,421 |  |  | $ | — |  |  | $ | 16,556,603 |
Total assets | $ | 20,891,285 |  |  | $ | 4,497,125 |  |  | $ | (3,732,926) |  |  | $ | 21,655,484 |
| September 30, 2021
| Distribution |  | Pipeline and Storage |  | Eliminations |  | Consolidated
| (In thousands)
Property, plant and equipment, net | $ | 11,232,649 |  |  | $ | 3,831,321 |  |  | $ | — |  |  | $ | 15,063,970 |
Total assets | $ | 18,847,266 |  |  | $ | 4,076,844 |  |  | $ | (3,315,448) |  |  | $ | 19,608,662 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration