INFORMATION BY OPERATING SEGMENT (Tables)

12 Months Ended

Sep. 30, 2013

Schedule of operating segment information



	Gas Utility		Gas Marketing			Other				Eliminations			Consolidated
(Thousands)
Fiscal 2013
Revenues from external customers	$	847,224	$	165,146		$	4,649			$	—		$	1,017,019
Intersegment revenues	10,538		24,185			1,625				(36,348		)	—
Total Operating Revenues	857,762		189,331			6,274				(36,348		)	1,017,019
Operating Expenses
Gas Utility
Natural and Propane Gas	469,098		—			—				(35,656		)	433,442
Other Operation and Maintenance	180,702		—			—				(360		)	180,342
Depreciation and Amortization	48,283		—			—				—			48,283
Taxes, Other than Income Taxes	60,079		—			—				—			60,079
Total Gas Utility Operating Expenses	758,162		—			—				(36,016		)	722,146
Gas Marketing	—		176,554		(a)	—				—			176,554
Other	—		—			22,157			(b)	(332		)	21,825
Total Operating Expenses	758,162		176,554			22,157				(36,348		)	920,525
Operating Income	99,599		12,777			(15,882		)		—			96,494
Interest income	947		103			343				(305		)	1,088
Interest charges	26,137		135			2,635				(305		)	28,602
Income tax expense	19,243		5,162			(6,827		)		—			17,578
Net economic earnings	56,635		8,936			(559		)		—			65,012
Total assets	2,981,016		163,944			115,560				(135,134		)	3,125,386
Capital expenditures	128,496		44			2,248				—			130,788
Fiscal 2012
Revenues from external customers	$	763,447	$	358,145		$	3,883			$	—		$	1,125,475
Intersegment revenues	1,204		15,330			1,042				(17,576		)	—
Total Operating Revenues	764,651		373,475			4,925				(17,576		)	1,125,475
Operating Expenses
Gas Utility
Natural and Propane Gas	414,846		—			—				(17,542		)	397,304
Other Operation and Maintenance	167,351		—			—				—			167,351
Depreciation and Amortization	40,739		—			—				—			40,739
Taxes, Other than Income Taxes	53,672		—			—				—			$	53,672
Total Gas Utility Operating Expenses	676,608		—			—				(17,542		)	659,066
Gas Marketing	—		353,286		(a)	—				(3		)	353,283
Other	—		—			2,555			(b)	(31		)	2,524
Total Operating Expenses	676,608		353,286			2,555				(17,576		)	1,014,873
Operating Income	88,043		20,189			2,370				—			110,602
Interest income	1,230		175			371				(467		)	1,309
Interest charges	25,156		81			175				(467		)	24,945
Income tax expense	17,393		7,966			930				—			26,289
Net economic earnings	48,089		12,273			2,250				—			62,612
Total assets	1,758,952		190,709			102,241				(171,640		)	1,880,262
Capital expenditures	106,734		140			1,969				—			108,843





Fiscal 2011
Revenues from external customers	$	911,614	$	645,042		$	19,704		$	—		1,576,360
Intersegment revenues	1,576		24,333			1,038			—			26,947
Total Operating Revenues	913,190		669,375			20,742			—			1,603,307
Operating Expenses
Gas Utility
Natural and Propane Gas	549,947		—			—			—			549,947
Other Operation and Maintenance	172,938		—			—			—			172,938
Depreciation and Amortization	39,214		—			—			—			$	39,214
Taxes, Other than Income Taxes	60,752		—			—			—			60,752
Total Gas Utility Operating Expenses	822,851		—			—			—			$	822,851
Gas Marketing	—		652,567		(a)	—			—			652,567
Other	—		—			9,642		(b)	—			9,642
Total Operating Expenses	822,851		652,567			9,642			—			1,485,060
Operating Income	90,339		16,808			11,100			—			118,247
Interest income	1,057		165			217			(303		)	1,136
Interest charges	25,544		14			162			(303		)	25,417
Income tax expense	18,694		6,570			3,918			—			29,182
Net economic earnings	46,952		8,962			6,496		(c)	—			62,410
Total assets	1,641,386		175,352			129,176			(162,832		)	1,783,082
Capital expenditures	67,304		215			119			—			67,638


(a)	Depreciation and amortization for Gas Marketing is included in Gas Marketing Expenses on the Statements of Consolidated Income ($0.3 million for fiscal year 2013, $0.3 million for fiscal year 2012, and $0.1 million for fiscal year 2011).


(b)	Depreciation, amortization, and accretion for Other is included in the Other Operating Expenses on the Statements of Consolidated Income ($0.6 million for fiscal year 2013, $0.3 million for fiscal year 2012 and $0.2 million for fiscal year 2011).


(c)	Net economic earnings include income realized by the Utility from separate non-regulated sales of propane inventory no longer needed to serve utility customers, of which occurred in fiscal year 2011. This transaction resulted in after-tax earnings totaling $6.1 million.

Schedule of the reconciliation of consolidated net economic earnings to consolidated net income



Reconciliation of Consolidated Net Income to Consolidated Net Economic Earnings
(Thousands)	2013			2012			2011
Net Income (GAAP)	$	52,758		$	62,640		$	63,825
Unrealized loss (gain) on energy-related derivatives	614			(314		)	(1,415		)
Lower of cost or market inventory adjustments	868			—			—
Realized (gain) loss on economic hedges prior to the sale of the physical commodity	(25		)	163			—
Acquisition, divestiture and restructuring activities	10,797			123			—
Net Economic Earnings (Non-GAAP)	$	65,012		$	62,612		$	62,410

- 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.

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