XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Information [Abstract] |
Company's Segment Information, Continuing Operations |
|  | Three Months Ended |  | Three Months Ended
|  | September 30, 2022 |  | September 30, 2021
|  | Regulated Water |  | Regulated Natural Gas |  | Other |  | Consolidated |  | Regulated Water |  | Regulated Natural Gas |  | Other |  | Consolidated
Operating revenues |  | $ | 301,335 |  | $ | 118,985 |  | $ | 14,298 |  | $ | 434,618 |  | $ | 259,859 |  | $ | 94,752 |  | $ | 7,249 |  | $ | 361,860
Operations and maintenance expense |  |  | 94,854 |  |  | 51,850 |  |  | 4,657 |  |  | 151,361 |  |  | 86,923 |  |  | 53,954 |  |  | (1,522) |  |  | 139,355
Purchased gas |  |  | - |  |  | 41,124 |  |  | 10,917 |  |  | 52,041 |  |  | - |  |  | 20,386 |  |  | 5,102 |  |  | 25,488
Depreciation and amortization |  |  | 51,522 |  |  | 30,295 |  |  | 913 |  |  | 82,730 |  |  | 45,506 |  |  | 28,194 |  |  | 807 |  |  | 74,507
Taxes other than income taxes |  |  | 16,809 |  |  | 5,073 |  |  | 743 |  |  | 22,625 |  |  | 16,291 |  |  | 4,271 |  |  | 496 |  |  | 21,058
Operating income (loss) |  |  | 138,150 |  |  | (9,357) |  |  | (2,932) |  |  | 125,861 |  |  | 111,139 |  |  | (12,053) |  |  | 2,366 |  |  | 101,452
Interest expense, net (a) |  |  | 27,762 |  |  | 20,323 |  |  | 10,893 |  |  | 58,978 |  |  | 27,389 |  |  | 18,406 |  |  | 5,772 |  |  | 51,567
Allowance for funds used during construction |  |  | (5,161) |  |  | (651) |  |  | - |  |  | (5,812) |  |  | (5,407) |  |  | (675) |  |  | - |  |  | (6,082)
Other |  |  | (2,219) |  |  | 838 |  |  | 641 |  |  | (740) |  |  | (1,896) |  |  | 5,329 |  |  | 266 |  |  | 3,699
Income before income taxes |  |  | 117,768 |  |  | (29,867) |  |  | (14,466) |  |  | 73,435 |  |  | 91,053 |  |  | (35,113) |  |  | (3,672) |  |  | 52,268
Provision for income taxes (benefit) |  |  | 19,182 |  |  | (12,734) |  |  | (1,651) |  |  | 4,797 |  |  | 9,230 |  |  | (6,821) |  |  | (644) |  |  | 1,765
Net income (loss) |  | $ | 98,586 |  | $ | (17,133) |  | $ | (12,815) |  | $ | 68,638 |  | $ | 81,823 |  | $ | (28,292) |  | $ | (3,028) |  | $ | 50,503
|  | Nine Months Ended |  | Nine Months Ended
|  | September 30, 2022 |  | September 30, 2021
|  | Regulated Water |  | Regulated Natural Gas |  | Other |  | Consolidated |  | Regulated Water |  | Regulated Natural Gas |  | Other |  | Consolidated
Operating revenues |  | $ | 809,888 |  | $ | 731,897 |  | $ | 40,864 |  | $ | 1,582,649 |  | $ | 736,389 |  | $ | 579,429 |  | $ | 26,639 |  | $ | 1,342,457
Operations and maintenance expense |  |  | 273,757 |  |  | 156,209 |  |  | (1,043) |  |  | 428,923 |  |  | 243,071 |  |  | 157,614 |  |  | (8,740) |  |  | 391,945
Purchased gas |  |  | - |  |  | 321,822 |  |  | 33,074 |  |  | 354,896 |  |  | - |  |  | 183,062 |  |  | 19,476 |  |  | 202,538
Depreciation and amortization |  |  | 150,498 |  |  | 89,130 |  |  | 624 |  |  | 240,252 |  |  | 136,189 |  |  | 83,905 |  |  | 1,529 |  |  | 221,623
Taxes other than income taxes |  |  | 48,262 |  |  | 16,878 |  |  | 2,212 |  |  | 67,352 |  |  | 47,756 |  |  | 13,356 |  |  | 2,107 |  |  | 63,219
Operating income |  |  | 337,371 |  |  | 147,858 |  |  | 5,997 |  |  | 491,226 |  |  | 309,373 |  |  | 141,492 |  |  | 12,267 |  |  | 463,132
Interest expense, net |  |  | 82,920 |  |  | 60,146 |  |  | 23,336 |  |  | 166,402 |  |  | 80,971 |  |  | 56,125 |  |  | 16,551 |  |  | 153,647
Allowance for funds used during construction |  |  | (15,657) |  |  | (2,145) |  |  | - |  |  | (17,802) |  |  | (13,091) |  |  | (831) |  |  | - |  |  | (13,922)
Other |  |  | (5,891) |  |  | 404 |  |  | 2,144 |  |  | (3,343) |  |  | (5,265) |  |  | 4,462 |  |  | (1,213) |  |  | (2,016)
Income before income taxes |  |  | 275,999 |  |  | 89,453 |  |  | (19,483) |  |  | 345,969 |  |  | 246,758 |  |  | 81,736 |  |  | (3,071) |  |  | 325,423
Provision for income taxes (benefit) |  |  | 40,528 |  |  | (44,378) |  |  | (486) |  |  | (4,336) |  |  | 22,056 |  |  | (11,128) |  |  | (611) |  |  | 10,317
Net income (loss) |  | $ | 235,471 |  | $ | 133,831 |  | $ | (18,997) |  | $ | 350,305 |  | $ | 224,702 |  | $ | 92,864 |  | $ | (2,460) |  | $ | 315,106
Capital expenditures |  | $ | 382,853 |  | $ | 335,738 |  | $ | 1,097 |  | $ | 719,688 |  | $ | 404,894 |  | $ | 269,958 |  | $ | 993 |  | $ | 675,845
(a) The regulated water and regulated natural gas segments report interest expense that includes long-term debt that was pushed-down to the regulated operating subsidiaries from Essential Utilities, Inc.
Company's Segment Information, Assets |
|  | September 30, |  | December 31,
|  | 2022 |  | 2021
Total assets: |  |  |  |  |  |
Regulated water |  | $ | 8,666,230 |  | $ | 8,403,586
Regulated natural gas |  |  | 6,163,931 |  |  | 5,960,602
Other |  |  | 449,631 |  |  | 294,090
Consolidated |  | $ | 15,279,792 |  | $ | 14,658,278

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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