XML 78 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Sep. 30, 2014
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 1,908,024 $ 1,791,009
Utility plant, at cost, Construction work in progress 155,553 139,624
Solar and wind equipment, real estate properties and other, at cost 481,003 347,285
Solar and wind equipment, real estate properties and other, at cost, Construction work in progress 77,705 55,625
Total property, plant and equipment 2,622,285 2,333,543
Accumulated depreciation and amortization, utility plant (437,097) (409,135)
Accumulated depreciation and amortization, solar and wind equipment, real estate properties and other (56,927) (40,298)
Property, plant and equipment, net 2,128,261 1,884,110
CURRENT ASSETS    
Cash and cash equivalents 4,928 2,151
Customer accounts receivable    
Billed 155,273 189,970
Unbilled revenues 6,372 7,231
Allowance for doubtful accounts (5,189) (5,357)
Regulatory assets 24,258 26,862
Gas in storage, at average cost 163,905 277,516
Materials and supplies, at average cost 7,138 8,165
Prepaid and accrued taxes 36,810 22,269
Derivatives, at fair value 40,743 64,223
Restricted broker margin accounts 12,990 27,339
Deferred taxes 56,296 36,451
Other current assets 40,987 25,911
Total current assets 544,511 682,731
NONCURRENT ASSETS    
Investments in equity investees 132,002 153,010
Regulatory assets 410,155 377,575
Derivatives, at fair value 4,334 5,654
Available for sale securities 59,475 10,672
Other noncurrent assets 60,300 45,052
Total noncurrent assets 666,266 591,963
Total assets 3,339,038 3,158,804
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding 2015 — 85,531,423; 2014 — 84,356,310 220,838 218,223
Premium on common stock 209,931 199,739
Accumulated other comprehensive (loss), net of tax (9,394) (5,594)
Treasury stock at cost and other; shares 2015 — 2,804,847; 2014 — 2,932,775 (92,164) (121,031)
Retained earnings 777,745 674,829
Common stock equity 1,106,956 966,166
Long-term debt 843,595 598,209
Total capitalization 1,950,551 1,564,375
CURRENT LIABILITIES    
Current maturities of long-term debt 11,138 34,505
Short-term debt 66,350 301,000
Gas purchases payable 151,375 205,901
Gas purchases payable to related parties 1,601 1,398
Accounts payable and other 99,651 104,005
Dividends payable 20,528 19,001
Deferred and accrued taxes 1,326 2,721
Regulatory liabilities 12,154 6,072
New Jersey clean energy program 14,293 14,285
Derivatives, at fair value 32,791 79,863
Restricted broker margin accounts 4,103 0
Customers' credit balances and deposits 20,790 22,335
Total current liabilities 436,100 791,086
NONCURRENT LIABILITIES    
Deferred income taxes 499,616 423,213
Deferred investment tax credits 4,940 5,262
Deferred revenue and gains 29,334 4,042
Derivatives, at fair value 5,529 6,690
Manufactured gas plant remediation 180,400 177,000
Postemployment employee benefit liability 137,414 86,674
Regulatory liabilities 67,533 61,326
Asset retirement obligation 19,145 30,495
Other noncurrent liabilities 8,476 8,641
Total noncurrent liabilities $ 952,387 $ 803,343
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 3,339,038 $ 3,158,804