XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.19.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
Three Months Ended June 30, 2019 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 1,363.7 |  |  | $ | — |  |  | $ | 478.7 |  |  | $ | 486.6 |  |  | $ | 239.3 |  |  | $ | 153.0 |  |  | $ | 6.1 |
Intersegment revenues |  | $ | — |  |  | $ | (39.6 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 28.0 |  |  | $ | 10.9 |  |  | $ | 0.7 |
Cost of sales |  | $ | 781.4 |  |  | $ | (38.5 | ) | (c) | $ | 210.3 |  |  | $ | 278.5 |  |  | $ | 225.4 |  |  | $ | 61.0 |  |  | $ | 44.7 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 9.6 |  |  | $ | 0.2 |  |  | $ | (3.0 | ) |  | $ | 27.5 |  |  | $ | 2.7 |  |  | $ | 20.4 |  |  | $ | (38.2 | )
Income from equity investees |  | 1.5 |  |  | — |  |  | — |  |  | — |  |  | 1.5 |  | (d) | — |  |  | — |
Other non-operating income (expense), net |  | 0.7 |  |  | — |  |  | — |  |  | 1.2 |  |  | 0.1 |  |  | 0.4 |  |  | (1.0 | )
Interest expense |  | (60.5 | ) |  | — |  |  | (41.6 | ) |  | (5.8 | ) |  | (0.7 | ) |  | (12.4 | ) |  | — |
(Loss) income before income taxes |  | $ | (48.7 | ) |  | $ | 0.2 |  |  | $ | (44.6 | ) |  | $ | 22.9 |  |  | $ | 3.6 |  |  | $ | 8.4 |  |  | $ | (39.2 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 42.5 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net loss |  | $ | (44.6 | ) |  | $ | — |  |  | $ | (42.1 | ) |  | $ | (0.1 | ) |  | $ | — |  |  | $ | — |  |  | $ | (2.4 | )
Depreciation and amortization |  | $ | 109.9 |  |  | $ | (0.2 | ) |  | $ | 44.0 |  |  | $ | 30.8 |  |  | $ | 11.8 |  |  | $ | 23.2 |  |  | $ | 0.3 |
Capital expenditures (including the effects of accruals) |  | $ | 166.0 |  |  | $ | — |  |  | $ | 21.0 |  |  | $ | 24.1 |  |  | $ | 36.4 |  |  | $ | 84.5 |  |  | $ | — |
Three Months Ended June 30, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 1,440.9 |  |  | $ | — |  |  | $ | 528.4 |  |  | $ | 533.6 |  |  | $ | 229.6 |  |  | $ | 150.3 |  |  | $ | (1.0 | )
Intersegment revenues |  | $ | — |  |  | $ | (44.4 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 34.2 |  |  | $ | 9.6 |  |  | $ | 0.6 |
Cost of sales |  | $ | 732.5 |  |  | $ | (43.5 | ) | (c) | $ | 244.5 |  |  | $ | 314.3 |  |  | $ | 215.0 |  |  | $ | 72.5 |  |  | $ | (70.3 | )
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) (f) |  | $ | 29.5 |  |  | $ | (0.3 | ) |  | $ | (54.7 | ) | (e) | $ | 9.2 |  |  | $ | 7.4 |  |  | $ | 4.4 |  |  | $ | 63.5 |
Income from equity investees |  | 1.3 |  |  | — |  |  | — |  |  | — |  |  | 1.3 |  | (d) | — |  |  | — |
Other non-operating income (expense), net (f) |  | 24.6 |  |  | — |  |  | — |  |  | (0.7 | ) |  | — |  |  | (0.5 | ) |  | 25.8 |
Interest expense |  | (56.5 | ) |  | — |  |  | (40.4 | ) |  | (5.5 | ) |  | (0.5 | ) |  | (10.0 | ) |  | (0.1 | )
(Loss) income before income taxes |  | $ | (1.1 | ) |  | $ | (0.3 | ) |  | $ | (95.1 | ) |  | $ | 3.0 |  |  | $ | 8.2 |  |  | $ | (6.1 | ) |  | $ | 89.2 |
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 67.2 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net (loss) income |  | $ | (64.1 | ) |  | $ | — |  |  | $ | (78.1 | ) |  | $ | (0.8 | ) |  | $ | — |  |  | $ | — |  |  | $ | 14.8 |
Depreciation and amortization |  | $ | 118.8 |  |  | $ | (0.1 | ) |  | $ | 46.4 |  |  | $ | 39.8 |  |  | $ | 11.1 |  |  | $ | 21.4 |  |  | $ | 0.2 |
Capital expenditures (including the effects of accruals) |  | $ | 142.7 |  |  | $ | — |  |  | $ | 25.7 |  |  | $ | 27.3 |  |  | $ | 9.9 |  |  | $ | 79.7 |  |  | $ | 0.1 |
Nine Months Ended June 30, 2019 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 6,170.0 |  |  | $ | — |  |  | $ | 2,270.5 |  |  | $ | 1,980.5 |  |  | $ | 1,055.4 |  |  | $ | 856.4 |  |  | $ | 7.2 |
Intersegment revenues |  | $ | — |  |  | $ | (276.0 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 213.7 |  |  | $ | 59.8 |  |  | $ | 2.5 |
Cost of sales |  | $ | 3,633.3 |  |  | $ | (272.9 | ) | (c) | $ | 1,024.0 |  |  | $ | 1,171.8 |  |  | $ | 1,052.2 |  |  | $ | 438.5 |  |  | $ | 219.7 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 716.1 |  |  | $ | 0.2 |  |  | $ | 410.0 |  |  | $ | 212.7 |  |  | $ | 95.1 |  |  | $ | 217.3 |  |  | $ | (219.2 | )
Income from equity investees |  | 4.6 |  |  | — |  |  | — |  |  | 0.1 |  |  | 4.5 |  | (d) | — |  |  | — |
Loss on extinguishments of debt |  | (6.1 | ) |  | — |  |  | — |  |  | (6.1 | ) |  | — |  |  | — |  |  | — |
Other non-operating income, net |  | 17.6 |  |  | — |  |  | — |  |  | 5.0 |  |  | 0.1 |  |  | 1.2 |  |  | 11.3 |
Interest expense |  | (181.7 | ) |  | — |  |  | (126.2 | ) |  | (17.3 | ) |  | (1.7 | ) |  | (36.3 | ) |  | (0.2 | )
Income (loss) before income taxes |  | $ | 550.5 |  |  | $ | 0.2 |  |  | $ | 283.8 |  |  | $ | 194.4 |  |  | $ | 98.0 |  |  | $ | 182.2 |  |  | $ | (208.1 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 543.5 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 131.0 |  |  | $ | — |  |  | $ | 178.1 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | (47.3 | )
Depreciation and amortization |  | $ | 330.0 |  |  | $ | (0.3 | ) |  | $ | 134.0 |  |  | $ | 92.8 |  |  | $ | 34.8 |  |  | $ | 68.0 |  |  | $ | 0.7 |
Capital expenditures (including the effects of accruals) |  | $ | 479.0 |  |  | $ | — |  |  | $ | 77.8 |  |  | $ | 74.0 |  |  | $ | 93.8 |  |  | $ | 232.6 |  |  | $ | 0.8 |
As of June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 12,018.9 |  |  | $ | (116.9 | ) |  | $ | 3,789.4 |  |  | $ | 3,168.0 |  |  | $ | 1,444.7 |  |  | $ | 3,375.6 |  |  | $ | 358.1 |
Short-term borrowings |  | $ | 380.2 |  |  | $ | — |  |  | $ | 248.5 |  |  | $ | 0.7 |  |  | $ | 55.0 |  |  | $ | 76.0 |  |  | $ | — |
Goodwill |  | $ | 3,159.1 |  |  | $ | — |  |  | $ | 2,003.0 |  |  | $ | 956.2 |  |  | $ | 17.8 |  |  | $ | 182.1 |  |  | $ | — |
Nine Months Ended June 30, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 6,378.1 |  |  | $ | — |  |  | $ | 2,356.0 |  |  | $ | 2,227.4 |  |  | $ | 915.6 |  |  | $ | 880.3 |  |  | $ | (1.2 | )
Intersegment revenues |  | $ | — |  |  | $ | (330.4 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 241.4 |  |  | $ | 86.0 |  |  | $ | 3.0 |
Cost of sales |  | $ | 3,430.1 |  |  | $ | (327.4 | ) | (c) | $ | 1,094.3 |  |  | $ | 1,340.2 |  |  | $ | 872.6 |  |  | $ | 481.6 |  |  | $ | (31.2 | )
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (f) |  | $ | 1,015.5 |  |  | $ | 0.2 |  |  | $ | 359.8 |  | (e) | $ | 234.4 |  |  | $ | 168.4 |  |  | $ | 237.0 |  |  | $ | 15.7 |
Income (loss) from equity investees |  | 3.0 |  |  | — |  |  | — |  |  | (0.3 | ) |  | 3.3 |  | (d) | — |  |  | — |
Other non-operating income (expense), net (f) |  | 4.1 |  |  | — |  |  | — |  |  | (14.7 | ) |  | (1.2 | ) |  | (1.7 | ) |  | 21.7 |
Interest expense |  | (172.8 | ) |  | — |  |  | (122.0 | ) |  | (16.3 | ) |  | (2.1 | ) |  | (32.0 | ) |  | (0.4 | )
Income before income taxes |  | $ | 849.8 |  |  | $ | 0.2 |  |  | $ | 237.8 |  |  | $ | 203.1 |  |  | $ | 168.4 |  |  | $ | 203.3 |  |  | $ | 37.0 |
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 570.8 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 135.9 |  |  | $ | — |  |  | $ | 145.6 |  |  | $ | (2.3 | ) |  | $ | — |  |  | $ | — |  |  | $ | (7.4 | )
Depreciation and amortization |  | $ | 341.3 |  |  | $ | (0.2 | ) |  | $ | 139.0 |  |  | $ | 106.9 |  |  | $ | 32.0 |  |  | $ | 62.9 |  |  | $ | 0.7 |
Capital expenditures (including the effects of accruals) |  | $ | 381.3 |  |  | $ | — |  |  | $ | 72.9 |  |  | $ | 75.1 |  |  | $ | 25.5 |  |  | $ | 206.5 |  |  | $ | 1.3 |
As of June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 11,876.7 |  |  | $ | (74.2 | ) |  | $ | 3,932.7 |  |  | $ | 3,232.5 |  |  | $ | 1,316.5 |  |  | $ | 3,194.0 |  |  | $ | 275.2 |
Short-term borrowings |  | $ | 299.1 |  |  | $ | — |  |  | $ | 177.0 |  |  | $ | 3.6 |  |  | $ | — |  |  | $ | 118.5 |  |  | $ | — |
Goodwill |  | $ | 3,169.0 |  |  | $ | — |  |  | $ | 2,005.5 |  |  | $ | 969.9 |  |  | $ | 11.5 |  |  | $ | 182.1 |  |  | $ | — |
(a)The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income (loss) before income taxes:
|  | Three Months Ended June 30, |  | Nine Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Partnership Adjusted EBITDA |  | $ | 42.5 |  |  | $ | 67.2 |  |  | $ | 543.5 |  |  | $ | 570.8 |
Depreciation and amortization |  | (44.0 | ) |  | (46.4 | ) |  | (134.0 | ) |  | (139.0 | )
Interest expense |  | (41.6 | ) |  | (40.4 | ) |  | (126.2 | ) |  | (122.0 | )
Impairment of Partnership tradenames and trademarks |  | — |  |  | (75.0 | ) |  | — |  |  | (75.0 | )
Merger expense |  | (1.8 | ) |  | — |  |  | (2.7 | ) |  | — |
Noncontrolling interest (i) |  | 0.3 |  |  | (0.5 | ) |  | 3.2 |  |  | 3.0 |
(Loss) income before income taxes |  | $ | (44.6 | ) |  | $ | (95.1 | ) |  | $ | 283.8 |  |  | $ | 237.8 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Includes net pre-tax (losses) gains on commodity and certain foreign currency derivative instruments not associated with current-period transactions (including such amounts attributable to noncontrolling interests) totaling $(39.5) and $95.5 for the three months ended June 30, 2019 and 2018, respectively, and $(200.7) and $54.0 for the nine months ended June 30, 2019 and 2018, respectively.
(c) | Represents the elimination of intersegment transactions principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(d) | Represents AFUDC associated with our PennEast Pipeline equity investment.
(e) | Includes a pre-tax impairment charge of $75.0, as a result of a plan to discontinue the use of certain tradenames and trademarks primarily associated with the Partnership’s January 2012 acquisition of Heritage Propane (see Note 7).
(f) Amounts reflect the reclassification of non-service income (expense) associated with our pension and other postretirement plans from “Operating and administrative expenses” to “Other non-operating income, net,” on the Condensed Consolidated Statements of Income as a result of the adoption of ASU No. 2017-07 (see Note 3).
Reconciliation of Adjusted EBITDA to (Loss) Income Before Income Taxes | The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income (loss) before income taxes:
|  | Three Months Ended June 30, |  | Nine Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Partnership Adjusted EBITDA |  | $ | 42.5 |  |  | $ | 67.2 |  |  | $ | 543.5 |  |  | $ | 570.8 |
Depreciation and amortization |  | (44.0 | ) |  | (46.4 | ) |  | (134.0 | ) |  | (139.0 | )
Interest expense |  | (41.6 | ) |  | (40.4 | ) |  | (126.2 | ) |  | (122.0 | )
Impairment of Partnership tradenames and trademarks |  | — |  |  | (75.0 | ) |  | — |  |  | (75.0 | )
Merger expense |  | (1.8 | ) |  | — |  |  | (2.7 | ) |  | — |
Noncontrolling interest (i) |  | 0.3 |  |  | (0.5 | ) |  | 3.2 |  |  | 3.0 |
(Loss) income before income taxes |  | $ | (44.6 | ) |  | $ | (95.1 | ) |  | $ | 283.8 |  |  | $ | 237.8 |
(i) Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.

X
- Definition Reconciliation of Adjusted EBITDA to Operating Profit (Loss) [Table Text Block] + References No definition available. + Details
Name: | ugi_ReconciliationOfAdjustedEBITDAToOperatingProfitLossTableTextBlock
Namespace Prefix: | ugi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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