XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Sep. 30, 2022
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,682,509 $ 3,576,691
Construction work in progress 206,260 162,087
Nonutility plant and equipment, at cost 1,739,074 1,577,259
Construction work in progress 121,733 199,679
Total property, plant and equipment 5,749,576 5,515,716
Accumulated depreciation and amortization, utility plant (694,871) (659,737)
Accumulated depreciation and amortization, nonutility plant and equipment (229,720) (206,053)
Property, plant and equipment, net 4,824,985 4,649,926
CURRENT ASSETS    
Cash and cash equivalents 27,095 1,107
Customer accounts receivable    
Billed 194,453 222,297
Unbilled revenues 46,040 13,769
Allowance for doubtful accounts (11,419) (19,379)
Regulatory assets 122,589 40,086
Natural gas in storage, at average cost 84,916 273,644
Materials and supplies, at average cost 23,608 20,324
Prepaid expenses 15,065 8,572
Prepaid and accrued taxes 13,575 54,501
Derivatives, at fair value 25,658 24,635
Restricted broker margin accounts 51,569 94,261
Other current assets 22,823 22,270
Total current assets 615,972 756,087
NONCURRENT ASSETS    
Investments in equity method investees 105,125 106,571
Regulatory assets 501,829 500,666
Operating lease assets 165,783 168,520
Derivatives, at fair value 1,640 6,385
Intangible assets, net 1,065 2,348
Software costs 6,980 6,120
Other noncurrent assets 72,754 64,793
Total noncurrent assets 855,176 855,403
Total assets 6,296,133 6,261,416
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares March 31, 2023 — 96,901,373; September 30, 2022 — 96,249,859 241,919 241,616
Premium on common stock 529,819 519,697
Accumulated other comprehensive loss, net of tax (4,217) (4,826)
Treasury stock at cost and other; shares March 31, 2023 — 80,541; September 30, 2022 — 611,045 15,075 (6,805)
Retained earnings 1,218,240 1,067,528
Common stock equity 2,000,836 1,817,210
Long-term debt 2,642,199 2,485,402
Total capitalization 4,643,035 4,302,612
CURRENT LIABILITIES    
Current maturities of long-term debt 152,173 75,069
Short-term debt 187,650 423,950
Natural gas purchases payable 76,033 235,049
Natural gas purchases payable to related parties 856 851
Deferred revenue 41,253 35,547
Accounts payable and other 121,796 156,580
Dividends payable 37,792 37,534
Accrued taxes 15,795 5,130
Regulatory liabilities 15,681 31,090
New Jersey Clean Energy Program 6,191 15,697
Derivatives, at fair value 24,183 49,848
Operating lease liabilities 5,308 4,562
Restricted broker margin accounts 1,245 0
Customers' credit balances and deposits 25,521 33,246
Total current liabilities 711,477 1,104,153
NONCURRENT LIABILITIES    
Deferred income taxes 280,675 238,928
Deferred investment tax credits 2,573 2,710
Deferred revenue 40,406 753
Derivatives, at fair value 17,368 14,191
Manufactured gas plant remediation 124,493 127,060
Postemployment employee benefit liability 87,571 82,867
Regulatory liabilities 183,941 185,634
Operating lease liabilities 136,789 138,382
Asset retirement obligation 56,635 55,035
Other noncurrent liabilities 11,170 9,091
Total noncurrent liabilities 941,621 854,651
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 6,296,133 $ 6,261,416