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Segment Information | 3 Months Ended
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Dec. 31, 2012
Segment Reporting [Abstract] |
Segment Information |
| Segment Information
We have organized our business units into six reportable segments generally based upon products sold, geographic location and regulatory environment. Our reportable segments comprise: (1) AmeriGas Propane; (2) an international LPG segment comprising Antargaz; (3) an international LPG segment principally comprising Flaga and AvantiGas; (4) Gas Utility; (5) Energy Services; and (6) Electric Generation. We refer to both international segments together as “International Propane” and Energy Services and Electric Generation together as “Midstream & Marketing.” For Fiscal 2012, the Company began reporting its Electric Generation operating segment as a separate reportable segment and our former Electric Utility reportable segment was combined with Corporate & Other. Previously, the Electric Generation operating segment was included in the Energy Services’ reportable segment. Segment information for the three months ended December 31, 2011 presented below has been adjusted to conform to the current year presentation. The accounting policies of our reportable segments are the same as those described in Note 2, “Significant Accounting Policies” in the Company’s 2012 Annual Financial Statements and Notes. We evaluate AmeriGas Propane’s performance principally based upon the Partnership’s earnings before interest expense, income taxes, depreciation and amortization (“Partnership EBITDA”). Although we use Partnership EBITDA to evaluate AmeriGas Propane’s profitability, it should not be considered as an alternative to net income (as an indicator of operating performance) or as an alternative to cash flow (as a measure of liquidity or ability to service debt obligations) and is not a measure of performance or financial condition under GAAP. Our definition of Partnership EBITDA may be different from that used by other companies. We evaluate the performance of our other reportable segments principally based upon their income before income taxes. Three Months Ended December 31, 2012:
|  |  |  |  |  |  |  |  |  |  | Midstream & Marketing |  | International Propane |  |
|  | Total |  | Elims. |  |  | AmeriGas Propane |  | Gas Utility |  | Energy Services |  | Electric Generation |  | Antargaz |  | Flaga & Other |  | Corporate & Other (b)
Revenues |  | $ | 2,023.2 |  |  | $ | (58.5 | ) | (c) |  | $ | 876.6 |  |  | $ | 248.3 |  |  | $ | 227.8 |  |  | $ | 14.9 |  |  | $ | 419.3 |  |  | $ | 245.6 |  |  | $ | 49.2 |
Cost of sales |  | $ | 1,218.8 |  |  | $ | (57.3 | ) | (c) |  | $ | 452.1 |  |  | $ | 123.6 |  |  | $ | 187.9 |  |  | $ | 9.6 |  |  | $ | 279.9 |  |  | $ | 194.9 |  |  | $ | 28.1 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income |  | $ | 296.1 |  |  | $ | — |  |  |  | $ | 139.9 |  |  | $ | 69.8 |  |  | $ | 27.3 |  |  | $ | 0.2 |  |  | $ | 47.5 |  |  | $ | 10.3 |  |  | $ | 1.1 |
Interest expense |  | (60.3 | ) |  | — |  |  |  | (41.2 | ) |  | (9.6 | ) |  | (1.0 | ) |  | — |  |  | (6.5 | ) |  | (1.3 | ) |  | (0.7 | )
Income before income taxes |  | $ | 235.8 |  |  | $ | — |  |  |  | $ | 98.7 |  |  | $ | 60.2 |  |  | $ | 26.3 |  |  | $ | 0.2 |  |  | $ | 41.0 |  |  | $ | 9.0 |  |  | $ | 0.4 |
Partnership EBITDA (a) |  |  |  |  |  |  | $ | 187.8 |  |  |  |  |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income |  | $ | 68.1 |  |  | $ | — |  |  |  | $ | 68.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Depreciation and amortization |  | $ | 87.1 |  |  | $ | — |  |  |  | $ | 49.4 |  |  | $ | 12.6 |  |  | $ | 1.6 |  |  | $ | 2.5 |  |  | $ | 14.1 |  |  | $ | 5.5 |  |  | $ | 1.4 |
Capital expenditures |  | $ | 91.3 |  |  | $ | — |  |  |  | $ | 26.5 |  |  | $ | 28.5 |  |  | $ | 13.5 |  |  | $ | 6.8 |  |  | $ | 12.2 |  |  | $ | 2.2 |  |  | $ | 1.6 |
Total assets (at period end) |  | $ | 10,167.5 |  |  | $ | (101.5 | ) |  |  | $ | 4,695.6 |  |  | $ | 2,164.4 |  |  | $ | 396.7 |  |  | $ | 261.2 |  |  | $ | 1,828.2 |  |  | $ | 564.1 |  |  | $ | 358.8 |
Bank loans (at period end) |  | $ | 333.2 |  |  | $ | — |  |  |  | $ | 177.2 |  |  | $ | 73.1 |  |  | $ | 69.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 13.9 |  |  | $ | — |
Goodwill (at period end) |  | $ | 2,835.0 |  |  | $ | — |  |  |  | $ | 1,919.2 |  |  | $ | 182.1 |  |  | $ | 2.8 |  |  | $ | — |  |  | $ | 628.0 |  |  | $ | 95.9 |  |  | $ | 7.0 |
Three Months Ended December 31, 2011:
|  |  |  |  |  |  |  |  |  |  | Midstream & Marketing |  | International Propane |  |
|  | Total |  | Elims. |  |  | AmeriGas Propane |  | Gas Utility |  | Energy Services |  | Electric Generation |  | Antargaz |  | Flaga & Other |  | Corporate & Other (b)
Revenues |  | $ | 1,688.8 |  |  | $ | (56.0 | ) | (c) |  | $ | 683.8 |  |  | $ | 255.0 |  |  | $ | 234.1 |  |  | $ | 7.4 |  |  | $ | 301.6 |  |  | $ | 216.7 |  |  | $ | 46.2 |
Cost of sales |  | $ | 1,101.8 |  |  | $ | (55.0 | ) | (c) |  | $ | 443.8 |  |  | $ | 141.7 |  |  | $ | 196.7 |  |  | $ | 4.8 |  |  | $ | 175.7 |  |  | $ | 168.1 |  |  | $ | 26.0 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 188.3 |  |  | $ | — |  |  |  | $ | 60.1 |  |  | $ | 61.2 |  |  | $ | 27.4 |  |  | $ | (3.5 | ) |  | $ | 37.3 |  |  | $ | 4.4 |  |  | $ | 1.4 |
Loss from equity investees |  | (0.1 | ) |  | — |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1 | ) |  | — |  |  | — |
Interest expense |  | (36.0 | ) |  | — |  |  |  | (16.5 | ) |  | (10.1 | ) |  | (1.1 | ) |  | — |  |  | (6.5 | ) |  | (1.0 | ) |  | (0.8 | )
Income (loss) before income taxes |  | $ | 152.2 |  |  | $ | — |  |  |  | $ | 43.6 |  |  | $ | 51.1 |  |  | $ | 26.3 |  |  | $ | (3.5 | ) |  | $ | 30.7 |  |  | $ | 3.4 |  |  | $ | 0.6 |
Partnership EBITDA (a) |  |  |  |  |  |  | $ | 83.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income |  | $ | 23.1 |  |  | $ | — |  |  |  | $ | 23.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Depreciation and amortization |  | $ | 60.3 |  |  | $ | — |  |  |  | $ | 24.2 |  |  | $ | 12.1 |  |  | $ | 0.7 |  |  | $ | 2.1 |  |  | $ | 14.1 |  |  | $ | 5.5 |  |  | $ | 1.6 |
Capital expenditures |  | $ | 88.7 |  |  | $ | — |  |  |  | $ | 21.6 |  |  | $ | 21.8 |  |  | $ | 18.6 |  |  | $ | 9.5 |  |  | $ | 11.1 |  |  | $ | 4.8 |  |  | $ | 1.3 |
Total assets (at period end) |  | $ | 7,153.9 |  |  | $ | (85.4 | ) |  |  | $ | 1,975.7 |  |  | $ | 2,088.7 |  |  | $ | 406.7 |  |  | $ | 251.6 |  |  | $ | 1,693.7 |  |  | $ | 528.9 |  |  | $ | 294.0 |
Bank loans (at period end) |  | $ | 421.9 |  |  | $ | — |  |  |  | $ | 226.0 |  |  | $ | 57.7 |  |  | $ | 118.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 20.0 |  |  | $ | — |
Goodwill (at period end) |  | $ | 1,624.7 |  |  | $ | — |  |  |  | $ | 696.6 |  |  | $ | 182.1 |  |  | $ | 2.8 |  |  | $ | — |  |  | $ | 641.9 |  |  | $ | 94.3 |  |  | $ | 7.0 |
(a) | The following table provides a reconciliation of Partnership EBITDA to AmeriGas Propane operating income:
Three Months Ended December 31, |  | 2012 |  | 2011
Partnership EBITDA |  | $ | 187.8 |  |  | $ | 83.7 |
Depreciation and amortization |  | (49.4 | ) |  | (24.2 | )
Noncontrolling interests (i) |  | 1.5 |  |  | 0.6 |
Operating income |  | $ | 139.9 |  |  | $ | 60.1 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Corporate & Other results principally comprise Electric Utility, UGI Enterprises’ heating, ventilation, air-conditioning, refrigeration and electrical contracting businesses (”HVAC/R”), net expenses of UGI’s captive general liability insurance company and UGI Corporation’s unallocated corporate and general expenses and interest income. Corporate & Other assets principally comprise cash, short-term investments, the assets of Electric Utility and HVAC/R, and an intercompany loan. The intercompany loan and associated interest is removed in the segment presentation.
(c) | Principally represents the elimination of intersegment transactions among Midstream & Marketing, Gas Utility and AmeriGas Propane.

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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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