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Segment Information | 12 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Segment Information | Segment Information Our operations comprise 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 UGI France (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 “UGI International” and Energy Services and Electric Generation together as “Midstream & Marketing.” AmeriGas Propane derives its revenues principally from the sale of propane and related equipment and supplies to retail customers in all 50 states. UGI France derives its revenues principally from the distribution of LPG to retail customers in France and, to a lesser extent, the sale of LPG to retail customers in Belgium, the Netherlands and Luxembourg, and the marketing of natural gas in France and Belgium. Flaga & Other revenues are derived principally from the distribution of LPG to customers in northern, central and eastern Europe and the United Kingdom. Gas Utility’s revenues are derived principally from the sale and distribution of natural gas to customers in eastern, northeastern and central Pennsylvania. Energy Services revenues are derived from the sale of natural gas and, to a lesser extent, electricity, LPG and fuel oil as well as revenues and fees from storage, pipeline transportation, natural gas production and other energy services provided to customers located primarily in the Mid-Atlantic region of the United States. Electric Generation revenues are derived principally from the sale of electricity through PJM, a regional electricity transmission organization in the eastern U.S. The accounting policies of our reportable segments are the same as those described in Note 2. We evaluate AmeriGas Propane’s performance principally based upon the Partnership’s earnings before interest expense, income taxes, depreciation and amortization as adjusted for net gains and losses on commodity derivative instruments not associated with current-period transactions (“Partnership Adjusted EBITDA”). Although we use Partnership Adjusted 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 Adjusted 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 as adjusted for gains and losses on commodity derivative instruments not associated with current-period transactions. Net gains and losses on commodity derivative instruments not associated with current-period transactions are reflected in Corporate & Other because the Company’s chief operating decision maker does not consider such items when evaluating the financial performance of our reportable segments. No single customer represents more than ten percent of our consolidated revenues. In addition, all of our reportable segments’ revenues, other than those of UGI International, are derived from sources within the United States, and all of our reportable segments’ long-lived assets, other than those of UGI International, are located in the United States.
|  |  |  |  |  |  |  |  | Midstream & Marketing |  | UGI International |  |
| Total |  | Elim- inations |  | AmeriGas Propane |  | Gas Utility |  | Energy Services |  | Electric Generation |  | UGI France |  | Flaga & Other |  | Corporate & Other (b)
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 6,691.1 |  |  | $ | (232.6 | ) | (c) | $ | 2,885.3 |  |  | $ | 933.1 |  |  | $ | 1,041.8 |  |  | $ | 75.9 |  |  | $ | 1,122.2 |  |  | $ | 686.3 |  |  | $ | 179.1 |
Cost of sales | $ | 3,736.5 |  |  | $ | (228.8 | ) | (c) | $ | 1,340.0 |  |  | $ | 448.6 |  |  | $ | 800.9 |  |  | $ | 32.2 |  |  | $ | 628.0 |  |  | $ | 492.0 |  |  | $ | 223.6 |
Operating income (loss) | $ | 834.9 |  |  | $ | (0.9 | ) |  | $ | 427.6 |  |  | $ | 226.5 |  |  | $ | 171.8 |  |  | $ | 13.0 |  |  | $ | 75.9 |  |  | $ | 36.9 |  |  | $ | (115.9 | )
Loss from equity investees | (1.2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1.2 | ) |  | — |  |  | — |
Interest expense | (241.9 | ) |  | — |  |  | (162.8 | ) |  | (39.1 | ) |  | (2.1 | ) |  | — |  |  | (31.6 | ) | (d) | (3.6 | ) |  | (2.7 | )
Income (loss) before income taxes | $ | 591.8 |  |  | $ | (0.9 | ) |  | $ | 264.8 |  |  | $ | 187.4 |  |  | $ | 169.7 |  |  | $ | 13.0 |  |  | $ | 43.1 |  |  | $ | 33.3 |  |  | $ | (118.6 | )
Net income (loss) attributable to UGI | $ | 281.0 |  |  | $ | (0.6 | ) |  | $ | 61.0 |  |  | $ | 115.8 |  |  | $ | 99.3 |  |  | $ | 9.6 |  |  | $ | 27.5 |  |  | $ | 25.2 |  |  | $ | (56.8 | )
Depreciation and amortization | $ | 374.1 |  |  | $ | — |  |  | $ | 194.9 |  |  | $ | 59.0 |  |  | $ | 14.6 |  |  | $ | 12.5 |  |  | $ | 63.7 |  |  | $ | 23.2 |  |  | $ | 6.2 |
Noncontrolling interests’ net income (loss) | $ | 133.0 |  |  | $ | — |  |  | $ | 167.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | (34.8 | )
Partnership Adjusted EBITDA (a) |  |  |  |  | $ | 619.2 |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  | Midstream & Marketing |  | UGI International |  |
| Total |  | Elim- inations |  | AmeriGas Propane |  | Gas Utility |  | Energy Services |  | Electric Generation |  | UGI France |  | Flaga & Other |  | Corporate & Other (b)
Total assets | $ | 10,546.6 |  |  | $ | (90.4 | ) |  | $ | 4,150.0 |  |  | $ | 2,362.4 |  |  | $ | 664.3 |  |  | $ | 282.0 |  |  | $ | 2,340.4 |  |  | $ | 529.1 |  |  | $ | 308.8 |
Short-term borrowings | $ | 189.9 |  |  | $ | — |  |  | $ | 68.1 |  |  | $ | 71.7 |  |  | $ | 49.5 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.5 |  |  | $ | — |
Capital expenditures | $ | 475.4 |  |  | $ | — |  |  | $ | 102.0 |  |  | $ | 189.7 |  |  | $ | 71.5 |  |  | $ | 16.7 |  |  | $ | 65.0 |  |  | $ | 22.5 |  |  | $ | 8.0 |
Investments in equity investees | $ | 16.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | 6.0 |  |  | $ | 3.8 |  |  | $ | — |
Goodwill | $ | 2,953.4 |  |  | $ | — |  |  | $ | 1,956.0 |  |  | $ | 182.1 |  |  | $ | 5.6 |  |  | $ | — |  |  | $ | 721.4 |  |  | $ | 82.3 |  |  | $ | 6.0 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 8,277.3 |  |  | $ | (321.3 | ) | (c) | $ | 3,712.9 |  |  | $ | 977.3 |  |  | $ | 1,305.5 |  |  | $ | 85.1 |  |  | $ | 1,295.5 |  |  | $ | 1,026.9 |  |  | $ | 195.4 |
Cost of sales | $ | 5,175.7 |  |  | $ | (317.7 | ) | (c) | $ | 2,107.1 |  |  | $ | 496.8 |  |  | $ | 1,058.8 |  |  | $ | 39.6 |  |  | $ | 848.1 |  |  | $ | 809.9 |  |  | $ | 133.1 |
Operating income (loss) | $ | 1,005.6 |  |  | $ | 0.2 |  |  | $ | 472.0 |  |  | $ | 236.2 |  |  | $ | 180.5 |  |  | $ | 18.1 |  |  | $ | 79.1 |  |  | $ | 38.4 |  |  | $ | (18.9 | )
Loss from equity investees | (0.1 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1 | ) |  | — |  |  | — |
Interest expense | (237.7 | ) |  | — |  |  | (165.6 | ) |  | (36.6 | ) |  | (2.9 | ) |  | — |  |  | (25.1 | ) |  | (4.9 | ) |  | (2.6 | )
Income (loss) before income taxes | 767.8 |  |  | 0.2 |  |  | 306.4 |  |  | 199.6 |  |  | 177.6 |  |  | 18.1 |  |  | 53.9 |  |  | 33.5 |  |  | (21.5 | )
Net income (loss) attributable to UGI | $ | 337.2 |  |  | $ | — |  |  | $ | 63.0 |  |  | $ | 118.8 |  |  | $ | 105.2 |  |  | $ | 12.6 |  |  | $ | 20.6 |  |  | $ | 27.7 |  |  | $ | (10.7 | )
Depreciation and amortization | $ | 362.9 |  |  | $ | — |  |  | $ | 197.2 |  |  | $ | 54.8 |  |  | $ | 12.3 |  |  | $ | 10.7 |  |  | $ | 54.5 |  |  | $ | 27.1 |  |  | $ | 6.3 |
Noncontrolling interests’ net income (loss) | $ | 195.4 |  |  | $ | — |  |  | $ | 195.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.4 | ) |  | $ | — |  |  | $ | — |
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 664.8 |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets | $ | 10,093.0 |  |  | $ | (86.5 | ) |  | $ | 4,377.0 |  |  | $ | 2,214.1 |  |  | $ | 569.0 |  |  | $ | 277.7 |  |  | $ | 1,659.1 |  |  | $ | 643.6 |  |  | $ | 439.0 |
Short-term borrowings | $ | 210.8 |  |  | $ | — |  |  | $ | 109.0 |  |  | $ | 86.3 |  |  | $ | 7.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 8.0 |  |  | $ | — |
Capital expenditures | $ | 436.4 |  |  | $ | — |  |  | $ | 113.9 |  |  | $ | 156.4 |  |  | $ | 67.8 |  |  | $ | 15.6 |  |  | $ | 50.2 |  |  | $ | 23.0 |  |  | $ | 9.5 |
Investments in equity investees | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |
Goodwill | $ | 2,833.4 |  |  | $ | — |  |  | $ | 1,945.1 |  |  | $ | 182.1 |  |  | $ | 5.6 |  |  | $ | — |  |  | $ | 601.2 |  |  | $ | 92.4 |  |  | $ | 7.0 |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 7,194.7 |  |  | $ | (223.8 | ) | (c) | $ | 3,168.8 |  |  | $ | 839.0 |  |  | $ | 969.4 |  |  | $ | 71.4 |  |  | $ | 1,322.6 |  |  | $ | 856.6 |  |  | $ | 190.7 |
Cost of sales | $ | 4,324.4 |  |  | $ | (217.5 | ) | (c) | $ | 1,657.2 |  |  | $ | 407.2 |  |  | $ | 836.9 |  |  | $ | 39.9 |  |  | $ | 845.0 |  |  | $ | 653.4 |  |  | $ | 102.3 |
Operating income | $ | 831.1 |  |  | $ | (1.1 | ) |  | $ | 394.4 |  |  | $ | 196.5 |  |  | $ | 82.5 |  |  | $ | 7.5 |  |  | $ | 111.4 |  |  | $ | 35.6 |  |  | $ | 4.3 |
Loss from equity investees | (0.4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.4 | ) |  | — |  |  | — |
Interest expense | (240.3 | ) |  | — |  |  | (166.6 | ) |  | (37.4 | ) |  | (3.2 | ) |  | — |  |  | (25.3 | ) |  | (5.1 | ) |  | (2.7 | )
Income before income taxes | $ | 590.4 |  |  | $ | (1.1 | ) |  | $ | 227.8 |  |  | $ | 159.1 |  |  | $ | 79.3 |  |  | $ | 7.5 |  |  | $ | 85.7 |  |  | $ | 30.5 |  |  | $ | 1.6 |
Net income attributable to UGI | $ | 278.1 |  |  | $ | (0.6 | ) |  | $ | 47.5 |  |  | $ | 94.3 |  |  | $ | 46.3 |  |  | $ | 6.2 |  |  | $ | 57.2 |  |  | $ | 25.5 |  |  | $ | 1.7 |
Depreciation and amortization | $ | 363.1 |  |  | $ | — |  |  | $ | 205.9 |  |  | $ | 51.7 |  |  | $ | 7.6 |  |  | $ | 10.0 |  |  | $ | 57.6 |  |  | $ | 24.1 |  |  | $ | 6.2 |
Noncontrolling interests’ net income (loss) | $ | 149.5 |  |  | $ | — |  |  | $ | 149.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.2 | ) |  | $ | 0.1 |  |  | $ | — |
Partnership Adjusted EBITDA (a) |  |  |  |  | $ | 596.5 |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets | $ | 10,008.8 |  |  | $ | (100.3 | ) |  | $ | 4,429.3 |  |  | $ | 2,069.0 |  |  | $ | 501.2 |  |  | $ | 269.7 |  |  | $ | 1,784.4 |  |  | $ | 667.1 |  |  | $ | 388.4 |
Short-term borrowings | $ | 227.9 |  |  | $ | — |  |  | $ | 116.9 |  |  | $ | 17.5 |  |  | $ | 87.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 6.5 |  |  | $ | — |
Capital expenditures | $ | 488.0 |  |  | $ | (1.1 | ) |  | $ | 111.1 |  |  | $ | 144.4 |  |  | $ | 133.8 |  |  | $ | 22.6 |  |  | $ | 53.4 |  |  | $ | 17.4 |  |  | $ | 6.4 |
Investments in equity investees | $ | 0.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |
Goodwill | $ | 2,873.7 |  |  | $ | — |  |  | $ | 1,941.0 |  |  | $ | 182.1 |  |  | $ | 2.8 |  |  | $ | — |  |  | $ | 643.7 |  |  | $ | 97.1 |  |  | $ | 7.0 |
(a) | The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane operating income:
|  | 2015 |  | 2014 |  | 2013
Partnership Adjusted EBITDA |  | $ | 619.2 |  |  | $ | 664.8 |  |  | $ | 596.5 |
Depreciation and amortization |  | (194.9 | ) |  | (197.2 | ) |  | (205.9 | )
Noncontrolling interests (i) |  | 3.3 |  |  | 4.4 |  |  | 3.8 |
Operating income |  | $ | 427.6 |  |  | $ | 472.0 |  |  | $ | 394.4 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Corporate & Other results principally comprise (1) Electric Utility, (2) Enterprises’ heating, ventilation, air-conditioning, refrigeration and electrical contracting businesses (“HVAC”), (3) net expenses of UGI’s captive general liability insurance company, and (4) UGI Corporation’s unallocated corporate and general expenses and interest income. In addition, Corporate & Other results also include the effects of net pre-tax gains and (losses) on commodity derivative instruments not associated with current-period transactions totaling $(119.1), $(18.0) and $7.4 in Fiscal 2015, Fiscal 2014 and Fiscal 2013, respectively. Corporate & Other assets principally comprise cash, short-term investments, the assets of Electric Utility and HVAC. Through March 2014, Corporate & Other also had an intercompany loan. The intercompany loan interest is removed in the segment presentation.
(c) | Represents the elimination of intersegment transactions principally among Midstream & Marketing, Gas Utility and AmeriGas Propane.
(d) | Includes pre-tax loss of $10.3 associated with an early extinguishment of debt (see Note 6).

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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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 Reference 10: 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=51669610&loc=d3e9054-108599 Reference 11: 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=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 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=51669610&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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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