XML 65 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Revenue from Contracts with Customers | 3 Months Ended
--- | ---
Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customers | Note 4 — Revenue from Contracts with Customers The Company recognizes revenue when control of promised goods or services is transferred to our customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. See Note 4 in the Company’s 2019 Annual Report for information on our revenues from contracts with customers. Revenue Disaggregation The following tables present our disaggregated revenues by reportable segment for the three months ended December 31, 2019 and 2018:
Three Months Ended December 31, 2019 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing (a) |  | UGI Utilities (a) |  | Corporate & Other
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core Market: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 184.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 184.1 |  |  | $ | — |
Commercial & Industrial |  | 67.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 67.9 |  |  | — |
Large delivery service |  | 41.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 41.3 |  |  | — |
Off-system sales and capacity releases |  | 16.4 |  |  | (14.1 | ) |  | — |  |  | — |  |  | — |  |  | 30.5 |  |  | — |
Other |  | 4.4 |  |  | (0.6 | ) |  | — |  |  | — |  |  | — |  |  | 5.0 |  |  | — |
Total Utility |  | 314.1 |  |  | (14.7 | ) |  | — |  |  | — |  |  | — |  |  | 328.8 |  |  | — |
Non-Utility: |  |  |  |  |  |  |  |  |  |  |  |  |  |
LPG: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 1,094.4 |  |  | — |  |  | 631.2 |  |  | 463.2 |  |  | — |  |  | — |  |  | — |
Wholesale |  | 65.8 |  |  | — |  |  | 22.0 |  |  | 43.8 |  |  | — |  |  | — |  |  | — |
Energy Marketing |  | 362.9 |  |  | (25.6 | ) |  | — |  |  | 123.9 |  |  | 264.6 |  |  | — |  |  | — |
Midstream: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pipeline |  | 43.2 |  |  | — |  |  | — |  |  | — |  |  | 43.2 |  |  | — |  |  | — |
Peaking |  | 3.9 |  |  | (37.7 | ) |  | — |  |  | — |  |  | 41.6 |  |  | — |  |  | — |
Other |  | 1.8 |  |  | — |  |  | — |  |  | — |  |  | 1.8 |  |  | — |  |  | — |
Electricity Generation |  | 8.8 |  |  | — |  |  | — |  |  | — |  |  | 8.8 |  |  | — |  |  | — |
Other |  | 80.9 |  |  | (0.9 | ) |  | 59.2 |  |  | 12.3 |  |  | 10.3 |  |  | — |  |  | — |
Total Non-Utility |  | 1,661.7 |  |  | (64.2 | ) |  | 712.4 |  |  | 643.2 |  |  | 370.3 |  |  | — |  |  | — |
Total revenues from contracts with customers |  | 1,975.8 |  |  | (78.9 | ) |  | 712.4 |  |  | 643.2 |  |  | 370.3 |  |  | 328.8 |  |  | — |
Other revenues (b) |  | 30.8 |  |  | (0.8 | ) |  | 18.0 |  |  | 8.2 |  |  | 2.2 |  |  | 0.5 |  |  | 2.7 |
Total revenues |  | $ | 2,006.6 |  |  | $ | (79.7 | ) |  | $ | 730.4 |  |  | $ | 651.4 |  |  | $ | 372.5 |  |  | $ | 329.3 |  |  | $ | 2.7 |
Three Months Ended December 31, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing (a) |  | UGI Utilities (a) |  | Corporate & Other
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core Market: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 175.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 175.7 |  |  | $ | — |
Commercial & Industrial |  | 67.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 67.6 |  |  | — |
Large delivery service |  | 39.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 39.5 |  |  | — |
Off-system sales and capacity releases |  | 15.2 |  |  | (22.9 | ) |  | — |  |  | — |  |  | — |  |  | 38.1 |  |  | — |
Other (c) |  | 0.5 |  |  | (0.7 | ) |  | — |  |  | — |  |  | — |  |  | 1.2 |  |  | — |
Total Utility |  | 298.5 |  |  | (23.6 | ) |  | — |  |  | — |  |  | — |  |  | 322.1 |  |  | — |
Non-Utility: |  |  |  |  |  |  |  |  |  |  |  |  |  |
LPG: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | 1,229.7 |  |  | — |  |  | 721.9 |  |  | 507.8 |  |  | — |  |  | — |  |  | — |
Wholesale |  | 60.0 |  |  | — |  |  | 21.0 |  |  | 39.0 |  |  | — |  |  | — |  |  | — |
Energy Marketing |  | 468.9 |  |  | (47.5 | ) |  | — |  |  | 143.1 |  |  | 373.3 |  |  | — |  |  | — |
Midstream: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pipeline |  | 19.4 |  |  | — |  |  | — |  |  | — |  |  | 19.4 |  |  | — |  |  | — |
Peaking |  | 2.0 |  |  | (38.7 | ) |  | — |  |  | — |  |  | 40.7 |  |  | — |  |  | — |
Other |  | 1.0 |  |  | — |  |  | — |  |  | — |  |  | 1.0 |  |  | — |  |  | — |
Electricity Generation |  | 11.7 |  |  | — |  |  | — |  |  | — |  |  | 11.7 |  |  | — |  |  | — |
Other |  | 84.0 |  |  | (0.7 | ) |  | 60.6 |  |  | 12.4 |  |  | 11.7 |  |  | — |  |  | — |
Total Non-Utility |  | 1,876.7 |  |  | (86.9 | ) |  | 803.5 |  |  | 702.3 |  |  | 457.8 |  |  | — |  |  | — |
Total revenues from contracts with customers |  | 2,175.2 |  |  | (110.5 | ) |  | 803.5 |  |  | 702.3 |  |  | 457.8 |  |  | 322.1 |  |  | — |
Other revenues (b) |  | 25.0 |  |  | (1.1 | ) |  | 16.7 |  |  | 8.4 |  |  | 1.6 |  |  | 0.6 |  |  | (1.2 | )
Total revenues |  | $ | 2,200.2 |  |  | $ | (111.6 | ) |  | $ | 820.2 |  |  | $ | 710.7 |  |  | $ | 459.4 |  |  | $ | 322.7 |  |  | $ | (1.2 | )
(a) | Includes intersegment revenues principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(b) | Primarily represents revenues from tank rentals at AmeriGas Propane and UGI International, revenues from certain gathering assets at Midstream & Marketing, and gains and losses on commodity derivative instruments not associated with current-period transactions reflected in Corporate & Other, none of which are within the scope of ASC 606 and are accounted for in accordance with other GAAP.
(c) | UGI Utilities includes an unallocated negative surcharge revenue reduction of $(4.1) for the three months ended December 31, 2018 as a result of a PAPUC Order issued May 17, 2018, related to the TCJA.
Contract Balances The timing of revenue recognition may differ from the timing of invoicing to customers or cash receipts. Contract assets represent our right to consideration after the performance obligations have been satisfied when such right is conditioned on something other than the passage of time. Contract assets were not material for all periods presented. Substantially all of our receivables are unconditional rights to consideration and are included in “Accounts receivable” and, in the case of UGI Utilities, “Accrued utility revenues” on the Condensed Consolidated Balance Sheets. Amounts billed are generally due within the following month. Contract liabilities arise when payment from a customer is received before the performance obligations have been satisfied and represent the Company’s obligations to transfer goods or services to a customer for which we have received consideration. The balances of contract liabilities were $93.1, $114.1 and $94.0 at December 31, 2019, September 30, 2019 and December 31, 2018, respectively, and are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets. Revenue recognized for the three months ended December 31, 2019 and 2018, from the amount included in contract liabilities at September 30, 2019 and 2018, was $61.0 and $58.1, respectively. Remaining Performance Obligations The Company has elected to use practical expedients as allowed in ASC 606 to exclude disclosures related to the aggregate amount of the transaction price allocated to certain performance obligations that are unsatisfied as of the end of the reporting period because these contracts have an initial expected term of one year or less, or we have a right to bill the customer in an amount that corresponds directly with the value of services provided to the customer to date. Certain contracts with customers at Midstream & Marketing and UGI Utilities contain minimum future performance obligations through 2047 and 2053, respectively. At December 31, 2019, Midstream & Marketing and UGI Utilities expect to record approximately $2.0 billion and $0.2 billion of revenues, respectively, related to the minimum future performance obligations over the remaining terms of the related contracts.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration