XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.19.2

REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information related to the Company's various reporting segments and other operations is detailed below:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2019 | 2018 | 2019 | 2018
Operating revenues |  |  |  |
Natural Gas Distribution |  |  |  |
External customers | $ | 120,782 |  | $ | 104,538 |  | $ | 622,167 |  | $ | 631,389 |
Clean Energy Ventures |  |  |  |
External customers | 11,450 |  | 15,348 |  | 37,707 |  | 42,210 |
Energy Services |  |  |  |
External customers (1) | 290,083 |  | 409,417 |  | 1,416,837 |  | 1,563,063 |
Intercompany | (62 | ) | (12 | ) | 8,276 |  | 49,636 |
Subtotal | 422,253 |  | 529,291 |  | 2,084,987 |  | 2,286,298 |
Home Services and Other |  |  |  |
External customers | 12,627 |  | 14,132 |  | 36,253 |  | 31,121 |
Intercompany | 455 |  | 627 |  | 1,652 |  | 1,856 |
Eliminations | (393 | ) | (615 | ) | (9,928 | ) | (51,492 | )
Total | $ | 434,942 |  | $ | 543,435 |  | $ | 2,112,964 |  | $ | 2,267,783 |
Depreciation and amortization |  |  |  |
Natural Gas Distribution | $ | 14,689 |  | $ | 13,473 |  | $ | 42,557 |  | $ | 39,609 |
Clean Energy Ventures | 8,239 |  | 6,702 |  | 24,253 |  | 24,565 |
Energy Services (2) | 23 |  | 21 |  | 75 |  | 50 |
Midstream | 1 |  | 1 |  | 4 |  | 4 |
Subtotal | 22,952 |  | 20,197 |  | 66,889 |  | 64,228 |
Home Services and Other | 230 |  | 193 |  | 673 |  | 570 |
Eliminations | (33 | ) | (70 | ) | (270 | ) | (164 | )
Total | $ | 23,149 |  | $ | 20,320 |  | $ | 67,292 |  | $ | 64,634 |
Interest income (3) |  |  |  |
Natural Gas Distribution | $ | 187 |  | $ | 202 |  | $ | 567 |  | $ | 452 |
Energy Services | 26 |  | 134 |  | 40 |  | 240 |
Midstream | 1,088 |  | 945 |  | 3,089 |  | 2,380 |
Subtotal | 1,301 |  | 1,281 |  | 3,696 |  | 3,072 |
Home Services and Other | 515 |  | 340 |  | 1,620 |  | 898 |
Eliminations | (1,320 | ) | (1,419 | ) | (4,202 | ) | (3,518 | )
Total | $ | 496 |  | $ | 202 |  | $ | 1,114 |  | $ | 452 |
(1) | Includes sales to Canada, which are immaterial.
(2) | The amortization of acquired wholesale energy contracts is excluded above and is included in gas purchases - nonutility on the Unaudited Condensed Consolidated Statements of Operations.
(3) | Included in other income, net on the Unaudited Condensed Consolidated Statements of Operations.
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2019 | 2018 | 2019 | 2018
Interest expense, net of capitalized interest |  |  |  |
Natural Gas Distribution | $ | 6,301 |  | $ | 6,226 |  | $ | 18,166 |  | $ | 19,285 |
Clean Energy Ventures | 4,320 |  | 4,708 |  | 14,405 |  | 13,260 |
Energy Services | 766 |  | 581 |  | 4,277 |  | 3,041 |
Midstream | 522 |  | 471 |  | 1,630 |  | 1,165 |
Subtotal | 11,909 |  | 11,986 |  | 38,478 |  | 36,751 |
Home Services and Other | 407 |  | (129 | ) | 1,410 |  | (18 | )
Eliminations | (668 | ) | (820 | ) | (2,245 | ) | (1,993 | )
Total | $ | 11,648 |  | $ | 11,037 |  | $ | 37,643 |  | $ | 34,740 |
Income tax (benefit) provision |  |  |  |
Natural Gas Distribution | $ | (1,391 | ) | $ | (25,314 | ) | $ | 16,705 |  | $ | 4,381 |
Clean Energy Ventures | (1,787 | ) | (565 | ) | (39,033 | ) | (87,275 | )
Energy Services | (1,193 | ) | (4,786 | ) | 7,063 |  | 32,922 |
Midstream | 729 |  | 989 |  | 2,910 |  | (8,723 | )
Subtotal | (3,642 | ) | (29,676 | ) | (12,355 | ) | (58,695 | )
Home Services and Other | 1,705 |  | 1,122 |  | 854 |  | 11,539 |
Eliminations | (4 | ) | 20 |  | (353 | ) | (645 | )
Total | $ | (1,941 | ) | $ | (28,534 | ) | $ | (11,854 | ) | $ | (47,801 | )
Equity in earnings of affiliates |  |  |  |
Midstream | $ | 4,167 |  | $ | 3,907 |  | $ | 11,966 |  | $ | 12,104 |
Eliminations | (672 | ) | (694 | ) | (1,939 | ) | (2,434 | )
Total | $ | 3,495 |  | $ | 3,213 |  | $ | 10,027 |  | $ | 9,670 |
Net financial (loss) earnings |  |  |  |
Natural Gas Distribution | $ | (3,795 | ) | $ | 2,440 |  | $ | 96,464 |  | $ | 96,991 |
Clean Energy Ventures | (7,138 | ) | (829 | ) | 24,797 |  | 80,472 |
Energy Services | (14,030 | ) | (15,079 | ) | 13,644 |  | 78,027 |
Midstream | 3,052 |  | 3,489 |  | 11,201 |  | 22,315 |
Subtotal | (21,911 | ) | (9,979 | ) | 146,106 |  | 277,805 |
Home Services and Other | 4,437 |  | 1,993 |  | 2,932 |  | (8,211 | )
Eliminations | (32 | ) | (17 | ) | (34 | ) | (202 | )
Total | $ | (17,506 | ) | $ | (8,003 | ) | $ | 149,004 |  | $ | 269,392 |
Capital expenditures |  |  |  |
Natural Gas Distribution | $ | 100,473 |  | $ | 70,623 |  | $ | 239,569 |  | $ | 173,410 |
Clean Energy Ventures | 38,813 |  | 29,424 |  | 91,333 |  | 88,416 |
Midstream | 6,406 |  | 975 |  | 11,290 |  | 3,579 |
Subtotal | 145,692 |  | 101,022 |  | 342,192 |  | 265,405 |
Home Services and Other | 924 |  | 745 |  | 1,826 |  | 1,300 |
Total | $ | 146,616 |  | $ | 101,767 |  | $ | 344,018 |  | $ | 266,705 |
Investments in equity investees |  |  |  |
Midstream | $ | 1,239 |  | $ | 3,319 |  | $ | 2,696 |  | $ | 14,496 |
Total | $ | 1,239 |  | $ | 3,319 |  | $ | 2,696 |  | $ | 14,496 |
Reconciliation of Consolidated NFE to Consolidated Net Income | A reconciliation of consolidated NFE to consolidated net income is as follows:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2019 | 2018 | 2019 | 2018
Net financial (loss) earnings (1) | $ | (17,506 | ) | $ | (8,003 | ) | $ | 149,004 |  | $ | 269,392 |
Less: |  |  |  |
Unrealized (gain) loss on derivative instruments and related transactions | (24,646 | ) | 2,657 |  | (25,353 | ) | 25,904 |
Tax effect | 5,885 |  | (577 | ) | 6,034 |  | (3,920 | )
Effects of economic hedging related to natural gas inventory | 11,317 |  | 4,474 |  | 12,073 |  | (14,788 | )
Tax effect | (2,689 | ) | (1,011 | ) | (2,869 | ) | 5,518 |
NFE tax adjustment | 1,029 |  | 728 |  | 7,700 |  | 6,987 |
Net (loss) income (1) | $ | (8,402 | ) | $ | (14,274 | ) | $ | 151,419 |  | $ | 249,691 |
(1) Includes income tax benefit related to the Tax Act of $844,000 and $57.7 million, for the three and nine months ended June 30, 2018, respectively.
Reconciliation of Assets from Segment to Consolidated | The Company's assets for the various business segments and business operations are detailed below:
(Thousands) | June 30, 2019 | September 30, 2018
Assets at end of period: |  |
Natural Gas Distribution | $ | 2,867,528 |  | $ | 2,663,054 |
Clean Energy Ventures (1) | 703,866 |  | 865,018 |
Energy Services | 285,970 |  | 396,852 |
Midstream | 229,099 |  | 242,069 |
Subtotal | 4,086,463 |  | 4,166,993 |
Home Services and Other | 129,882 |  | 114,732 |
Intercompany assets (2) | (92,933 | ) | (138,061 | )
Total | $ | 4,123,412 |  | $ | 4,143,664 |
(1) | Includes assets held for sale of $206.9 million for September 30, 2018.
(2) Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

X
- Definition Reconciliation of net financial earnings (loss) as to net income for reporting period. + References No definition available. + Details
Name: | njr_ReconciliationofConsolidatedNetFinancialEarningstoConsolidatedNetIncomeTableTextBlock
Namespace Prefix: | njr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
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