XML 77 R50.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Business segment data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Information on the Company's businesses | Information on the Company's segments as of December 31 and for the years then ended was as follows:
| 2021 | 2020 |  | 2019 |
|  | (In thousands) |
External operating revenues: |  |  |
Regulated operations: |  |  |
Electric | $ | 349,039 |  | $ | 331,538 |  | $ | 351,725 |
Natural gas distribution | 971,364 |  | 847,651 |  | 865,222 |
Pipeline | 69,940 |  | 69,957 |  | 62,357 |
| 1,390,343 |  | 1,249,146 |  | 1,279,304 |
Non-regulated operations: |  |  |
Pipeline | 12,918 |  | 15,389 |  | 21,835 |
Construction materials and contracting | 2,228,306 |  | 2,177,585 |  | 2,189,651 |
Construction services | 2,049,082 |  | 2,090,685 |  | 1,845,896 |
Other | 84 |  | (55) |  | 90 |
| 4,290,390 |  | 4,283,604 |  | 4,057,472 |
Total external operating revenues | $ | 5,680,733 |  | $ | 5,532,750 |  | $ | 5,336,776 |
Intersegment operating revenues: |  |  |
Regulated operations: |  |  |
Electric | $ | 543 |  | $ | 491 |  | $ | — |
Natural gas distribution | 576 |  | 534 |  | — |
Pipeline | 58,989 |  | 57,977 |  | 56,037 |
| 60,108 |  | 59,002 |  | 56,037 |
Non-regulated operations: |  |  |
Pipeline | 689 |  | 554 |  | 215 |
Construction materials and contracting | 624 |  | 417 |  | 1,066 |
Construction services | 2,555 |  | 5,038 |  | 3,370 |
Other | 13,630 |  | 11,958 |  | 16,461 |
| 17,498 |  | 17,967 |  | 21,112 |
Intersegment eliminations | (77,606) |  | (76,969) |  | (77,149) |
Total intersegment operating revenues | $ | — |  | $ | — |  | $ | — |
Depreciation, depletion and amortization: |  |  |
Electric | $ | 66,750 |  | $ | 62,998 |  | $ | 58,721 |
Natural gas distribution | 86,065 |  | 84,580 |  | 79,564 |
Pipeline | 20,569 |  | 21,669 |  | 21,220 |
Construction materials and contracting | 100,974 |  | 89,626 |  | 77,450 |
Construction services | 20,270 |  | 23,523 |  | 17,038 |
Other | 4,586 |  | 2,704 |  | 2,024 |
Total depreciation, depletion and amortization | $ | 299,214 |  | $ | 285,100 |  | $ | 256,017 |
Operating income (loss): |  |  |
Electric | $ | 66,335 |  | $ | 63,434 |  | $ | 64,039 |
Natural gas distribution | 89,173 |  | 73,082 |  | 69,188 |
Pipeline | 48,078 |  | 49,436 |  | 42,796 |
Construction materials and contracting | 191,077 |  | 214,498 |  | 179,955 |
Construction services | 145,754 |  | 147,644 |  | 126,426 |
Other | (6,198) |  | (3,169) |  | (1,184) |
Total operating income | $ | 534,219 |  | $ | 544,925 |  | $ | 481,220 |
| 2021 | 2020 |  | 2019 |
|  | (In thousands) |
Interest expense: |  |  |
Electric | $ | 26,712 |  | $ | 26,699 |  | $ | 25,334 |
Natural gas distribution | 37,265 |  | 36,798 |  | 35,488 |
Pipeline | 7,010 |  | 7,622 |  | 7,198 |
Construction materials and contracting | 19,218 |  | 20,577 |  | 23,792 |
Construction services | 3,540 |  | 4,095 |  | 5,331 |
Other | 342 |  | 883 |  | 1,859 |
Intersegment eliminations | (103) |  | (155) |  | (415) |
Total interest expense | $ | 93,984 |  | $ | 96,519 |  | $ | 98,587 |
Income tax expense (benefit): |  |  |
Electric | $ | (7,626) |  | $ | (11,636) |  | $ | (12,650) |
Natural gas distribution | 8,366 |  | 5,746 |  | 1,405 |
Pipeline | 9,594 |  | 7,650 |  | 7,219 |
Construction materials and contracting | 43,459 |  | 47,431 |  | 37,389 |
Construction services | 35,426 |  | 35,797 |  | 29,973 |
Other | (299) |  | (398) |  | (57) |
Total income tax expense | $ | 88,920 |  | $ | 84,590 |  | $ | 63,279 |
Net income (loss): |  |  |
Regulated operations: |  |  |
Electric | $ | 51,906 |  | $ | 55,601 |  | $ | 54,763 |
Natural gas distribution | 51,596 |  | 44,049 |  | 39,517 |
Pipeline | 39,583 |  | 35,453 |  | 28,255 |
| 143,085 |  | 135,103 |  | 122,535 |
Non-regulated operations: |  |  |
Pipeline | 1,313 |  | 1,559 |  | 1,348 |
Construction materials and contracting | 129,755 |  | 147,325 |  | 120,371 |
Construction services | 109,402 |  | 109,721 |  | 92,998 |
Other | (5,824) |  | (3,181) |  | (2,086) |
| 234,646 |  | 255,424 |  | 212,631 |
Income from continuing operations | 377,731 |  | 390,527 |  | 335,166 |
Income (loss) from discontinued operations, net of tax | 400 |  | (322) |  | 287 |
Net income | $ | 378,131 |  | $ | 390,205 |  | $ | 335,453 |
Capital expenditures: |  |  |
Electric | $ | 82,427 |  | $ | 114,676 |  | $ | 99,449 |
Natural gas distribution | 170,411 |  | 193,048 |  | 206,799 |
Pipeline | 234,803 |  | 62,224 |  | 71,477 |
Construction materials and contracting | 417,524 |  | 191,635 |  | 190,092 |
Construction services | 29,140 |  | 83,651 |  | 60,500 |
Other | 1,501 |  | 3,045 |  | 8,181 |
Total capital expenditures (a) | $ | 935,806 |  | $ | 648,279 |  | $ | 636,498 |
| 2021 | 2020 |  | 2019 |
|  | (In thousands) |
Assets: |  |  |
Electric (b) | $ | 1,810,695 |  | $ | 2,123,693 |  | $ | 1,680,194 |
Natural gas distribution (b) | 2,929,519 |  | 2,302,770 |  | 2,574,965 |
Pipeline | 913,945 |  | 703,377 |  | 677,482 |
Construction materials and contracting | 2,161,653 |  | 1,798,493 |  | 1,684,161 |
Construction services | 845,262 |  | 818,662 |  | 761,127 |
Other (c) | 248,489 |  | 305,157 |  | 303,279 |
Assets held for sale | 872 |  | 1,220 |  | 1,851 |
Total assets | $ | 8,910,435 |  | $ | 8,053,372 |  | $ | 7,683,059 |
Property, plant and equipment: |  |  |
Electric (b) | $ | 2,295,646 |  | $ | 2,323,403 |  | $ | 2,227,145 |
Natural gas distribution (b) | 3,015,164 |  | 2,868,853 |  | 2,688,123 |
Pipeline | 1,051,868 |  | 821,697 |  | 834,215 |
Construction materials and contracting | 2,347,696 |  | 2,028,476 |  | 1,910,562 |
Construction services | 225,758 |  | 220,796 |  | 213,370 |
Other | 36,717 |  | 37,545 |  | 35,213 |
Less accumulated depreciation, depletion and amortization | 3,216,461 |  | 3,133,831 |  | 2,991,486 |
Net property, plant and equipment | $ | 5,756,388 |  | $ | 5,166,939 |  | $ | 4,917,142 |
(a)Capital expenditures for 2021, 2020 and 2019 include noncash transactions such as capital expenditure-related accounts payable, AFUDC and accrual of holdback payments in connection with acquisitions totaling $38.7 million, $(15.7) million and $4.8 million, respectively. (b)Includes allocations of common utility property. (c)Includes assets not directly assignable to a business (i.e. cash and cash equivalents, certain accounts receivable, certain investments and other miscellaneous current and deferred assets).

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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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