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v3.8.0.1

Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Information |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 6,120.7 |  |  | $ | — |  |  | $ | 2,453.5 |  |  | $ | 1,877.5 |  |  | $ | 943.0 |  |  | $ | 847.5 |  |  | $ | (0.8 | )
Intersegment revenues | $ | — |  |  | $ | (222.7 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 178.2 |  |  | $ | 40.1 |  |  | $ | 4.4 |
Cost of sales | $ | 2,837.3 |  |  | $ | (218.3 | ) | (c) | $ | 1,002.9 |  |  | $ | 935.3 |  |  | $ | 856.7 |  |  | $ | 367.3 |  |  | $ | (106.6 | )
Operating income | $ | 1,004.2 |  |  | $ | 0.3 |  |  | $ | 355.3 |  |  | $ | 195.7 |  |  | $ | 139.2 |  |  | $ | 228.3 |  |  | $ | 85.4 |
Income from equity investees | $ | 4.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4.3 |  | (d) | $ | — |  |  | $ | — |
Losses on foreign currency contracts, net | $ | (23.9 | ) |  | $ | — |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | — |  |  | $ | (23.8 | )
Loss on extinguishments of debt | $ | (59.7 | ) |  | $ | — |  |  | $ | (59.7 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | $ | (223.5 | ) |  | $ | — |  |  | $ | (160.2 | ) |  | $ | (20.6 | ) |  | $ | (2.1 | ) |  | $ | (40.2 | ) |  | $ | (0.4 | )
Income before income taxes | $ | 701.4 |  |  | $ | 0.3 |  |  | $ | 135.4 |  |  | $ | 175.0 |  |  | $ | 141.4 |  |  | $ | 188.1 |  |  | $ | 61.2 |
Net income attributable to UGI | $ | 436.6 |  |  | $ | 0.1 |  |  | $ | 44.6 |  |  | $ | 158.6 |  |  | $ | 86.9 |  |  | $ | 116.0 |  |  | $ | 30.4 |
Depreciation and amortization | $ | 416.3 |  |  | $ | (0.2 | ) |  | $ | 190.5 |  |  | $ | 117.4 |  |  | $ | 35.4 |  |  | $ | 72.3 |  |  | $ | 0.9 |
Noncontrolling interests’ net income | $ | 87.2 |  |  | $ | — |  |  | $ | 64.4 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 22.6 |
Partnership Adjusted EBITDA (a) |  |  |  |  | $ | 551.3 |  |  |  |  |  |  |  |  |
Total assets | $ | 11,582.2 |  |  | $ | (51.5 | ) |  | $ | 4,069.4 |  |  | $ | 3,132.0 |  |  | $ | 1,165.5 |  |  | $ | 2,994.0 |  |  | $ | 272.8 |
Short-term borrowings | $ | 366.9 |  |  | $ | — |  |  | $ | 140.0 |  |  | $ | 17.9 |  |  | $ | 39.0 |  |  | $ | 170.0 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 624.3 |  |  | $ | — |  |  | $ | 98.1 |  |  | $ | 90.3 |  |  | $ | 117.5 |  |  | $ | 317.7 |  |  | $ | 0.7 |
Investments in equity investees | $ | 59.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 8.1 |  |  | $ | 51.0 |  |  | $ | — |  |  | $ | — |
Goodwill | $ | 3,107.2 |  |  | $ | — |  |  | $ | 2,001.3 |  |  | $ | 912.2 |  |  | $ | 11.6 |  |  | $ | 182.1 |  |  | $ | — |
2016 (f) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 5,685.7 |  |  | $ | — |  |  | $ | 2,311.8 |  |  | $ | 1,868.8 |  |  | $ | 752.3 |  |  | $ | 751.4 |  |  | $ | 1.4 |
Intersegment revenues | $ | — |  |  | $ | (133.9 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 114.3 |  |  | $ | 17.1 |  |  | $ | 2.5 |
Cost of sales | $ | 2,437.5 |  |  | $ | (131.5 | ) | (c) | $ | 864.8 |  |  | $ | 903.8 |  |  | $ | 602.2 |  |  | $ | 289.8 |  |  | $ | (91.6 | )
Operating income | $ | 988.0 |  |  | $ | 0.2 |  |  | $ | 356.3 |  |  | $ | 206.6 |  |  | $ | 146.7 |  |  | $ | 200.9 |  |  | $ | 77.3 |
Loss from equity investees | $ | (0.2 | ) |  | $ | — |  |  | $ | — |  |  | $ | (0.2 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |
Loss on extinguishments of debt | $ | (48.9 | ) |  | $ | — |  |  | $ | (48.9 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | $ | (228.9 | ) |  | $ | — |  |  | $ | (164.1 | ) |  | $ | (24.4 | ) |  | $ | (2.1 | ) |  | $ | (37.6 | ) |  | $ | (0.7 | )
Income before income taxes | $ | 710.0 |  |  | $ | 0.2 |  |  | $ | 143.3 |  |  | $ | 182.0 |  |  | $ | 144.6 |  |  | $ | 163.3 |  |  | $ | 76.6 |
Net income attributable to UGI | $ | 364.7 |  |  | $ | 0.1 |  |  | $ | 43.2 |  |  | $ | 111.6 |  |  | $ | 87.1 |  |  | $ | 97.4 |  |  | $ | 25.3 |
Depreciation and amortization | $ | 400.9 |  |  | $ | (0.2 | ) |  | $ | 190.0 |  |  | $ | 112.4 |  |  | $ | 30.6 |  |  | $ | 67.3 |  |  | $ | 0.8 |
Noncontrolling interests’ net income | $ | 124.1 |  |  | $ | — |  |  | $ | 75.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 48.2 |
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 543.0 |  |  |  |  |  |  |  |  |
Total assets | $ | 10,847.2 |  |  | $ | (136.6 | ) |  | $ | 4,071.8 |  |  | $ | 2,865.1 |  |  | $ | 1,038.2 |  |  | $ | 2,743.1 |  |  | $ | 265.6 |
Short-term borrowings | $ | 291.7 |  |  | $ | — |  |  | $ | 153.2 |  |  | $ | 0.5 |  |  | $ | 25.5 |  |  | $ | 112.5 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 604.6 |  |  | $ | — |  |  | $ | 101.7 |  |  | $ | 99.9 |  |  | $ | 140.4 |  |  | $ | 262.5 |  |  | $ | 0.1 |
Investments in equity investees | $ | 25.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 8.5 |  |  | $ | 17.4 |  |  | $ | — |  |  | $ | — |
Goodwill | $ | 2,989.0 |  |  | $ | — |  |  | $ | 1,978.3 |  |  | $ | 817.0 |  |  | $ | 11.6 |  |  | $ | 182.1 |  |  | $ | — |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
2015 (f) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 6,691.1 |  |  | $ | — |  |  | $ | 2,885.3 |  |  | $ | 1,808.5 |  |  | $ | 1,012.3 |  |  | $ | 981.9 |  |  | $ | 3.1 |
Intersegment revenues | $ | — |  |  | $ | (213.6 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 151.3 |  |  | $ | 59.7 |  |  | $ | 2.6 |
Cost of sales | $ | 3,736.5 |  |  | $ | (209.8 | ) | (c) | $ | 1,340.0 |  |  | $ | 1,120.0 |  |  | $ | 854.6 |  |  | $ | 510.8 |  |  | $ | 120.9 |
Operating income (loss) | $ | 834.9 |  |  | $ | (0.9 | ) |  | $ | 427.6 |  |  | $ | 112.8 |  |  | $ | 182.6 |  |  | $ | 241.7 |  |  | $ | (128.9 | )
Loss from equity investees | $ | (1.2 | ) |  | $ | — |  |  | $ | — |  |  | $ | (1.2 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | $ | (241.9 | ) |  | $ | — |  |  | $ | (162.8 | ) |  | $ | (35.2 | ) | (e) | $ | (2.1 | ) |  | $ | (41.1 | ) |  | $ | (0.7 | )
Income (loss) before income taxes | $ | 591.8 |  |  | $ | (0.9 | ) |  | $ | 264.8 |  |  | $ | 76.4 |  |  | $ | 180.5 |  |  | $ | 200.6 |  |  | $ | (129.6 | )
Net income (loss) attributable to UGI | $ | 281.0 |  |  | $ | (0.6 | ) |  | $ | 61.0 |  |  | $ | 52.7 |  |  | $ | 107.5 |  |  | $ | 121.1 |  |  | $ | (60.7 | )
Depreciation and amortization | $ | 374.1 |  |  | $ | — |  |  | $ | 194.9 |  |  | $ | 86.9 |  |  | $ | 28.0 |  |  | $ | 63.5 |  |  | $ | 0.8 |
Noncontrolling interests’ net income (loss) | $ | 133.0 |  |  | $ | — |  |  | $ | 167.9 |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | — |  |  | $ | (34.8 | )
Partnership Adjusted EBITDA (a) |  |  |  |  | $ | 619.2 |  |  |  |  |  |  |  |  |
Total assets | $ | 10,514.2 |  |  | $ | (90.4 | ) |  | $ | 4,128.4 |  |  | $ | 2,860.9 |  |  | $ | 969.6 |  |  | $ | 2,506.0 |  |  | $ | 139.7 |
Short-term borrowings | $ | 189.9 |  |  | $ | — |  |  | $ | 68.1 |  |  | $ | 0.6 |  |  | $ | 49.5 |  |  | $ | 71.7 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 475.4 |  |  | $ | — |  |  | $ | 102.0 |  |  | $ | 87.5 |  |  | $ | 88.0 |  |  | $ | 197.7 |  |  | $ | 0.2 |
Investments in equity investees | $ | 16.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 9.8 |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | — |
Goodwill | $ | 2,953.4 |  |  | $ | — |  |  | $ | 1,956.0 |  |  | $ | 803.7 |  |  | $ | 11.6 |  |  | $ | 182.1 |  |  | $ | — |
(a) | The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income before income taxes:
|  | 2017 |  | 2016 |  | 2015
Partnership Adjusted EBITDA |  | $ | 551.3 |  |  | $ | 543.0 |  |  | $ | 619.2 |
Depreciation and amortization |  | (190.5 | ) |  | (190.0 | ) |  | (194.9 | )
Interest expense |  | (160.2 | ) |  | (164.1 | ) |  | (162.8 | )
Loss on extinguishments of debt |  | (59.7 | ) |  | (48.9 | ) |  | — |
MGP environmental accrual |  | (7.5 | ) |  | — |  |  | — |
Noncontrolling interest (i) |  | 2.0 |  |  | 3.3 |  |  | 3.3 |
Income before income taxes |  | $ | 135.4 |  |  | $ | 143.3 |  |  | $ | 264.8 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Includes net pre-tax gains (losses) on commodity and certain foreign currency derivative instruments not associated with current-period transactions (including such amounts attributable to noncontrolling interests) totaling $82.0, $91.6 and $(119.1) in Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively. Fiscal 2017 also includes a pre-tax loss of $11.0 associated with the impairment of a cost basis investment (see Note 2).
(c) | Represents the elimination of intersegment transactions principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(d) | Represents AFUDC associated with PennEast (see Note 2).
(e) | Includes pre-tax costs of $10.3 associated with an extinguishment of debt (see Note 5).
(f) | Restated to reflect the current-year changes in the presentation of our UGI International and Midstream & Marketing reportable segments.

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