XML 140 R118.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Financial Information of Registrant (Parent Company) - Statements of Income (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 12 Months Ended
Sep. 30, 2016
 [1]
Jun. 30, 2016
 [1]
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
 [2]
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Condensed Financial Statements, Captions                      
Revenues $ 976.2 $ 1,130.8 $ 1,972.1 $ 1,606.6 $ 1,082.8 $ 1,148.1 $ 2,455.6 $ 2,004.6 $ 5,685.7 $ 6,691.1 [3] $ 8,277.3 [3]
Costs and Expenses                      
Operating and administrative expenses                 1,865.9 1,773.9 1,752.6
Other operating income, net                 (22.4) (44.4) (36.1)
Total costs and expenses                 4,697.7 5,856.2 7,271.7
Operating income (88.6) 155.7 615.4 305.5 (6.6) 56.1 702.1 83.3 988.0 834.9 [3] 1,005.6 [3]
Income tax (benefit) expense                 221.2 177.8 235.2
Equity in income of unconsolidated subsidiaries (0.1) 0.0 0.0 (0.1) (0.1) 0.0 (0.1) (1.0) (0.2) (1.2) [3] (0.1) [3]
Net income attributable to UGI Corporation $ (43.8) $ 60.7 $ 233.2 $ 114.6 $ (9.2) $ 9.6 $ 246.5 $ 34.1 364.7 281.0 [3] 337.2 [3]
Comprehensive income attributable to UGI Corporation                 $ 324.6 $ 187.6 $ 307.6
Earnings per common share:                      
Basic (in dollars per share) $ (0.25) $ 0.35 $ 1.35 $ 0.66 $ (0.05) $ 0.06 $ 1.42 $ 0.20 $ 2.11 $ 1.62 $ 1.95
Diluted (in dollars per share) $ (0.25) $ 0.34 $ 1.33 $ 0.65 $ (0.05) $ 0.05 $ 1.40 $ 0.19 $ 2.08 $ 1.60 $ 1.92
Average common shares outstanding (thousands):                      
Basic (in shares)                 173,154 173,115 172,733
Diluted (in shares)                 175,572 175,667 175,231
Parent Company                      
Condensed Financial Statements, Captions                      
Revenues                 $ 0.0 $ 0.0 $ 0.0
Costs and Expenses                      
Operating and administrative expenses                 45.7 48.7 44.5
Other operating income, net [4]                 (45.3) (48.5) (44.2)
Total costs and expenses                 0.4 0.2 0.3
Operating income                 (0.4) (0.2) (0.3)
Intercompany interest income                 0.1 0.1 0.2
Loss before income taxes                 (0.3) (0.1) (0.1)
Income tax (benefit) expense                 (4.0) 1.9 2.4
Income (loss) before equity in income of unconsolidated subsidiaries                 3.7 (2.0) (2.5)
Equity in income of unconsolidated subsidiaries                 361.0 283.0 339.7
Net income attributable to UGI Corporation                 364.7 281.0 337.2
Other comprehensive (loss) income                 (1.1) 0.1 (0.7)
Equity in other comprehensive loss of unconsolidated subsidiaries                 (39.0) (93.5) (28.9)
Comprehensive income attributable to UGI Corporation                 $ 324.6 $ 187.6 $ 307.6
Earnings per common share:                      
Basic (in dollars per share)                 $ 2.11 $ 1.62 $ 1.95
Diluted (in dollars per share)                 $ 2.08 $ 1.60 $ 1.92
Average common shares outstanding (thousands):                      
Basic (in shares)                 173,154 173,115 172,733
Diluted (in shares)                 175,572 175,667 175,231
[1] Includes loss on extinguishments of debt at AmeriGas Partners which decreased net income attributable to UGI Corporation by $6.1 or $0.03 per diluted share for the quarter ended June 30, 2016 and increased net loss attributable to UGI Corporation by $1.8 or $0.01 per diluted share for the quarter ended September 30, 2016 (see Note 5).
[2] Includes costs associated with an extinguishment of debt at Antargaz which decreased net income attributable to UGI Corporation by $4.6 or $0.03 per diluted share (see Note 5)
[3] Restated to reflect (1) the current-year changes in the presentation of our UGI Utilities and Energy Services reportable segments and (2) the adoption of new accounting guidance related to debt issuance costs (see Note 2 and Note 3).
[4] UGI provides certain financial and administrative services to certain of its subsidiaries. UGI bills these subsidiaries monthly for all direct expenses incurred by UGI on behalf of its subsidiaries as well as allocated shares of indirect corporate expense incurred or paid with respect to services provided by UGI. The allocation of indirect UGI corporate expenses to certain of its subsidiaries utilizes a weighted, three-component formula comprising revenues, operating expenses, and net assets employed and considers the relative percentage of such items for each subsidiary to the total of such items for all UGI operating subsidiaries for which general and administrative services are provided. Management believes that this allocation method is reasonable and equitable to its subsidiaries. These billed expenses are classified as “Other operating income, net” in the Statements of Income above.