XML 74 R57.htm IDEA: XBRL DOCUMENT
v3.23.3

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY) (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Condensed Financial Information Disclosure [Abstract] |
Balance Sheets | BALANCE SHEETS (Millions of dollars)
| September 30,
| 2023 |  | 2022
ASSETS |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 7 |  |  | $ | 20 |
Accounts receivable – related parties | 11 |  |  | 24 |
Prepaid expenses and other current assets | 23 |  |  | 20 |
Total current assets | 41 |  |  | 64 |
Property, plant and equipment, net | — |  |  | 1 |
Investments in subsidiaries | 5,343 |  |  | 7,035 |
Other assets | 143 |  |  | 97 |
Total assets | $ | 5,527 |  |  | $ | 7,197 |
LIABILITIES AND COMMON STOCKHOLDERS’ EQUITY |  |  |
Current liabilities: |  |  |
Current maturities of long-term debt | $ | 38 |  |  | $ | 125 |
Accounts and notes payable | 28 |  |  | 20 |
Accrued liabilities | 39 |  |  | 51 |
Total current liabilities | 105 |  |  | 196 |
Long-term debt | 969 |  |  | 889 |
Other noncurrent liabilities | 67 |  |  | 46 |
Total liabilities | 1,141 |  |  | 1,131 |
Commitments and contingencies (Note 1) |  |  |
Equity: |  |  |
Preferred Stock, without par value (authorized - 5,000,000; issued - 220,000 and 220,000, respectively) | 167 |  |  | 162 |
Common Stock, without par value (authorized – 450,000,000 shares; issued – 210,906,052 and 210,560,494 shares, respectively) | 1,503 |  |  | 1,483 |
Retained earnings | 3,027 |  |  | 4,841 |
Accumulated other comprehensive loss | (256) |  |  | (380) |
Treasury stock, at cost | (55) |  |  | (40) |
Total common stockholders’ equity | 4,386 |  |  | 6,066 |
Total liabilities and common stockholders’ equity | $ | 5,527 |  |  | $ | 7,197 |
Statements of Income | STATEMENTS OF INCOME (Millions of dollars, except per share amounts)
| Year Ended September 30,
| 2023 |  | 2022 |  | 2021
Revenues | $ | — |  |  | $ | — |  |  | $ | — |
Costs and expenses: |  |  |  |  |
Operating and administrative expenses | 95 |  |  | 74 |  |  | 94 |
Other operating income, net (a) | (83) |  |  | (63) |  |  | (65) |
| 12 |  |  | 11 |  |  | 29 |
Operating loss | (12) |  |  | (11) |  |  | (29) |
Pension and other postretirement plans non-service expense | — |  |  | (3) |  |  | — |
Interest expense | (52) |  |  | (35) |  |  | (27) |
Loss before income taxes | (64) |  |  | (49) |  |  | (56) |
Income tax (benefit) expense | (13) |  |  | — |  |  | 9 |
Loss before equity in income of unconsolidated subsidiaries | (51) |  |  | (49) |  |  | (65) |
Equity in (loss) income of unconsolidated subsidiaries | (1,451) |  |  | 1,122 |  |  | 1,532 |
Net (loss) income attributable to UGI Corporation | $ | (1,502) |  |  | $ | 1,073 |  |  | $ | 1,467 |
Other comprehensive (loss) income | (8) |  |  | 34 |  |  | 7 |
Equity in other comprehensive income (loss) of unconsolidated subsidiaries | 132 |  |  | (274) |  |  | — |
Comprehensive (loss) income attributable to UGI Corporation | $ | (1,378) |  |  | $ | 833 |  |  | $ | 1,474 |
(Loss) earnings per common share attributable to UGI Corporation stockholders: |  |  |  |  |
Basic | $ | (7.16) |  |  | $ | 5.11 |  |  | $ | 7.02 |
Diluted | $ | (7.16) |  |  | $ | 4.97 |  |  | $ | 6.92 |
Weighted - average common shares outstanding (thousands): |  |  |  |  |
Basic | 209,806 |  |  | 209,940 |  |  | 209,063 |
Diluted | 209,806 |  |  | 215,821 |  |  | 212,126 |
(a)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.
Statements of Cash Flows | STATEMENTS OF CASH FLOWS (Millions of dollars)
| Year Ended September 30,
| 2023 |  | 2022 |  | 2021
NET CASH PROVIDED BY OPERATING ACTIVITIES (a) | $ | 636 |  |  | $ | 485 |  |  | $ | 300 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Return of capital distributions | — |  |  | 175 |  |  | — |
Net investments in unconsolidated subsidiaries | (309) |  |  | (390) |  |  | (401) |
Net cash used by investing activities | (309) |  |  | (215) |  |  | (401) |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Dividends on UGI Common Stock | (308) |  |  | (296) |  |  | (282) |
Issuances of debt, net of issuance costs | 327 |  |  | 597 |  |  | 483 |
Repayments of long-term debt | (333) |  |  | (530) |  |  | (385) |
Issuance of Preferred Stock, net of issuance costs | — |  |  | — |  |  | 213 |
Issuances of UGI Common Stock | 12 |  |  | 19 |  |  | 19 |
Repurchases of UGI Common Stock | (22) |  |  | (38) |  |  | — |
Payments on Purchase Contracts | (16) |  |  | (16) |  |  | — |
Net cash (used) provided by financing activities | (340) |  |  | (264) |  |  | 48 |
Cash and cash equivalents (decrease) increase | $ | (13) |  |  | $ | 6 |  |  | $ | (53) |
Cash and cash equivalents: |  |  |  |  |
End of year | $ | 7 |  |  | $ | 20 |  |  | $ | 14 |
Beginning of year | 20 |  |  | 14 |  |  | 67 |
Cash and cash equivalents (decrease) increase | $ | (13) |  |  | $ | 6 |  |  | $ | (53) |
(a)Includes dividends received from unconsolidated subsidiaries of $680, $506 and $354 for the years ended September 30, 2023, 2022 and 2021, respectively.

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

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration