2018 Q1 Form 10-Q Financial Statement
#000073180218000020 Filed on May 02, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $1.219B | $988.2M |
YoY Change | 23.4% | 11.03% |
Cost Of Revenue | $627.0M | $427.5M |
YoY Change | 46.67% | 13.28% |
Gross Profit | $592.4M | $560.7M |
YoY Change | 5.65% | 9.37% |
Gross Profit Margin | 48.58% | 56.74% |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $89.40M | $77.70M |
YoY Change | 15.06% | 7.92% |
% of Gross Profit | 15.09% | 13.86% |
Operating Expenses | $321.5M | $275.5M |
YoY Change | 16.7% | 2.88% |
Operating Profit | $270.9M | $285.2M |
YoY Change | -5.0% | 13.32% |
Interest Expense | $27.30M | $26.94M |
YoY Change | 1.34% | -2.23% |
% of Operating Profit | 10.08% | 9.45% |
Other Income/Expense, Net | -$2.167M | $833.0K |
YoY Change | -360.14% | -353.19% |
Pretax Income | $241.4M | $259.1M |
YoY Change | -6.81% | 15.77% |
Income Tax | $62.44M | $97.05M |
% Of Pretax Income | 25.86% | 37.46% |
Net Earnings | $179.0M | $164.7M |
YoY Change | 8.66% | 16.16% |
Net Earnings / Revenue | 14.68% | 16.67% |
Basic Earnings Per Share | $1.60 | |
Diluted Earnings Per Share | $1.60 | $1.555M |
COMMON SHARES | ||
Basic Shares Outstanding | 111.7M shares | 105.2M shares |
Diluted Shares Outstanding | 111.7M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $71.00M | $45.00M |
YoY Change | 57.78% | -6.25% |
Cash & Equivalents | $71.07M | $45.40M |
Short-Term Investments | ||
Other Short-Term Assets | $55.26M | $61.02M |
YoY Change | -9.43% | 16.33% |
Inventory | $89.00M | $120.0M |
Prepaid Expenses | ||
Receivables | $407.1M | $336.6M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $622.7M | $563.1M |
YoY Change | 10.59% | -13.76% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $9.761B | $8.738B |
YoY Change | 11.71% | 11.47% |
Goodwill | $730.1M | $729.7M |
YoY Change | 0.06% | -1.75% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $242.1M | $330.2M |
YoY Change | -26.68% | 6.9% |
Total Long-Term Assets | $10.73B | $9.798B |
YoY Change | 9.54% | 10.21% |
TOTAL ASSETS | ||
Total Short-Term Assets | $622.7M | $563.1M |
Total Long-Term Assets | $10.73B | $9.798B |
Total Assets | $11.36B | $10.36B |
YoY Change | 9.6% | 8.57% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $231.0M | $185.0M |
YoY Change | 24.86% | -18.5% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $129.6M | $670.6M |
YoY Change | -80.67% | 6.97% |
Long-Term Debt Due | $450.0M | $250.0M |
YoY Change | 80.0% | |
Total Short-Term Liabilities | $1.349B | $1.496B |
YoY Change | -9.82% | 21.89% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.618B | $2.315B |
YoY Change | 13.1% | -5.74% |
Other Long-Term Liabilities | $100.9M | $155.1M |
YoY Change | -34.91% | -34.72% |
Total Long-Term Liabilities | $2.719B | $2.470B |
YoY Change | 10.09% | -8.3% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.349B | $1.496B |
Total Long-Term Liabilities | $2.719B | $2.470B |
Total Liabilities | $4.068B | $3.966B |
YoY Change | 2.58% | 1.16% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.854B | $1.457B |
YoY Change | 27.27% | 16.99% |
Common Stock | $2.952B | $2.465B |
YoY Change | 19.77% | 9.24% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.721B | $3.835B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $11.36B | $10.36B |
YoY Change | 9.6% | 8.57% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $179.0M | $164.7M |
YoY Change | 8.66% | 16.16% |
Depreciation, Depletion And Amortization | $89.40M | $77.70M |
YoY Change | 15.06% | 7.92% |
Cash From Operating Activities | $578.2M | $435.0M |
YoY Change | 32.92% | 13.61% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$310.8M | -$261.4M |
YoY Change | 18.9% | 6.43% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $3.900M | $136.9M |
YoY Change | -97.15% | 5604.17% |
Cash From Investing Activities | -$306.7M | -$124.6M |
YoY Change | 146.15% | -48.77% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -255.1M | -309.8M |
YoY Change | -17.66% | 81.59% |
NET CHANGE | ||
Cash From Operating Activities | 578.2M | 435.0M |
Cash From Investing Activities | -306.7M | -124.6M |
Cash From Financing Activities | -255.1M | -309.8M |
Net Change In Cash | 16.40M | 600.0K |
YoY Change | 2633.33% | -101.94% |
FREE CASH FLOW | ||
Cash From Operating Activities | $578.2M | $435.0M |
Capital Expenditures | -$310.8M | -$261.4M |
Free Cash Flow | $889.0M | $696.4M |
YoY Change | 27.66% | 10.8% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
ato |
Minimum Hedge Percentage Of Anticipated Heating Season Gas
MinimumHedgePercentageOfAnticipatedHeatingSeasonGas
|
0.25 | ||
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Atm Equity Distribution Offering Price Maximum Amount
ATMEquityDistributionOfferingPriceMaximumAmount
|
500000000 | USD |
ato |
Atm Equity Distribution Shares Issued
ATMEquityDistributionSharesIssued
|
0 | shares | |
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AccumulatedOtherComprehensiveIncomeLossDerivativesQualifyingasHedgesInterestRateAgreementsRealizedGainLossNetofTax
|
-49100000 | USD |
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Available For Sale Securities Supplemental Executive Benefit Plans
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|
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CY2018Q1 | ato |
Available For Sale Securities Supplemental Executive Benefit Plans
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|
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ato |
Blended Federal Statutory Income Tax Rate Percent
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|
0.245 | ||
ato |
Block Trade Gross Proceeds
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|
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ato |
Block Trade Net Proceeds
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|
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|
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Charitable Contribution Carryforwards Expiration Date Maximum
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|
2023-12-31 | ||
ato |
Charitable Contribution Carryforwards Expiration Date Minimum
CharitableContributionCarryforwardsExpirationDateMinimum
|
2018-12-31 | ||
CY2018Q1 | ato |
Debt And Equity Securities Authorized For Issuance
DebtAndEquitySecuritiesAuthorizedForIssuance
|
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CY2018Q1 | ato |
Debt And Equity Securities Available For Issuance
DebtAndEquitySecuritiesAvailableForIssuance
|
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ato |
Deferred Tax Liabilities Tcja Deduction
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Derivative Asset Contract Netting
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|
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Derivative Asset Contract Netting
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|
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|
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CY2018Q1 | ato |
Derivative Asset Netof Contract Netting
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|
602000 | USD |
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Derivative Liability Contract Netting
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|
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Derivative Liability Netof Contract Netting
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|
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Disposal Group Including Discontinued Operation Consideration Placedin Escrow
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|
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Expected Recognitionin Earningsof Deferred Gain Losses Interest Rate Agreements
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ato |
Federal Statutory Income Tax Rate Post Tcja Percent
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|
0.21 | ||
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Federal Statutory Income Tax Rate Pre Tcja Percent
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|
0.35 | |
ato |
Federal Statutory Income Tax Rate Pre Tcja Percent
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|
0.35 | ||
ato |
Hedge Percentage Of Anticipated Heating Season Gas
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|
0.26 | ||
ato |
Hedge Volume Of Anticipated Heating Season Gas
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|
15000 | MMcf | |
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Incomefromcontinuingoperationsavailabletocommonshareholders
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|
0.5 | ||
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|
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ato |
Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
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CY2018Q1 | ato |
Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
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Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
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Nonregulated Segment Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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|
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Number Of Customers Regulated Distribution
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|
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Number Of Divisions Regulated Distribution
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ato |
One Time Income Tax Benefit Tcja
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|
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One Time Income Tax Benefit Tcja
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|
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CY2017Q1 | ato |
Other Comprehensive Income Reclassification Adjustment On Interest Rate Agreements Included In Net Income Net Of Tax
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|
86000 | USD |
ato |
Other Comprehensive Income Reclassification Adjustment On Interest Rate Agreements Included In Net Income Net Of Tax
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|
173000 | USD | |
CY2018Q1 | ato |
Other Comprehensive Income Reclassification Adjustment On Interest Rate Agreements Included In Net Income Net Of Tax
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|
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ato |
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|
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ato |
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|
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CY2018Q1 | ato |
Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
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|
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ato |
Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
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|
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CY2017Q1 | ato |
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|
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ato |
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|
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|
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ato |
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|
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|
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|
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Regulatory Liability Excess Deferred Tax
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|
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|
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ato |
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|
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CY2018Q1 | ato |
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Undistributed Earnings From Discontinued Operations Allocated To Participating Securities
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Q2 | ||
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Document Fiscal Year Focus
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|
2018 | ||
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Document Period End Date
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|
2018-03-31 | ||
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Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
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0000731802 | ||
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Entity Common Stock Shares Outstanding
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Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Atmos Energy Corporation | ||
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129600000 | USD |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.450 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.90 | ||
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.485 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.97 | ||
CY2017Q3 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0.005 | |
CY2018Q1 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0.005 | |
CY2017Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2017Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
106104634 | shares |
CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
111060328 | shares |
CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
106104634 | shares |
CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
111060328 | shares |
CY2017Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
531000 | USD |
CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
555000 | USD |
CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
170488000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
390888000 | USD | |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
200297000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
513367000 | USD | |
CY2017Q1 | us-gaap |
Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
|
427494000 | USD |
us-gaap |
Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
|
738799000 | USD | |
CY2018Q1 | us-gaap |
Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
|
626960000 | USD |
us-gaap |
Cost Of Natural Gas Purchases
CostOfNaturalGasPurchases
|
993877000 | USD | |
CY2017Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3085000000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3085000000 | USD |
CY2018Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3085000000 | USD |
CY2018Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3085000000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
3382272000 | USD |
CY2018Q1 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
3291629000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-4384000 | USD |
CY2018Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-4412000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
22339000 | USD |
CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
21520000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
148657000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
116023000 | USD | |
CY2018Q1 | us-gaap |
Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
|
5200000 | USD |
CY2017Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1878699000 | USD |
CY2018Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1107036000 | USD |
CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
77667000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
154625000 | USD | |
CY2018Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
89381000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
177755000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
154810000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
177755000 | USD | |
CY2017Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
|
0 | USD |
CY2017Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
3239000 | USD |
CY2018Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
602000 | USD |
CY2017Q3 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
CY2017Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
3239000 | USD |
CY2018Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
602000 | USD |
CY2017Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
112398000 | USD |
CY2018Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
86944000 | USD |
CY2017Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
112398000 | USD |
CY2018Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
86944000 | USD |
CY2017Q3 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
0 | USD |
CY2017Q3 | us-gaap |
Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
|
0 | USD |
us-gaap |
Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
|
12931000 | USD | |
us-gaap |
Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
|
0 | USD | |
CY2017Q1 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
2716000 | USD |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
2716000 | USD | |
CY2018Q1 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
0 | USD |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
0 | USD | |
CY2017 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
|
0.03 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
10994000 | USD | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
0 | USD | |
CY2017Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
0.03 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
0.13 | ||
CY2018Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
0.00 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
0.00 | ||
us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
6841000 | USD | |
us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
0 | USD | |
us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
|
10215000 | USD | |
CY2018Q1 | us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
|
0 | USD |
us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
|
0 | USD | |
CY2017Q1 | us-gaap |
Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
|
147300000 | USD |
CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.55 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
2.74 | ||
CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.60 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
4.47 | ||
CY2017Q3 | us-gaap |
Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
|
184653000 | USD |
CY2018Q1 | us-gaap |
Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
|
89265000 | USD |
us-gaap |
Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
10579000 | USD | |
us-gaap |
Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
0 | USD | |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
730132000 | USD |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
730132000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
162012000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
276050000 | USD | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
178992000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
493124000 | USD | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
259061000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
436955000 | USD | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
241431000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
449448000 | USD | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
1.52 | |
us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
2.61 | ||
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
1.60 | |
us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
4.47 | ||
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
2716000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
26944000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
57974000 | USD | |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
27304000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
58813000 | USD | |
CY2017Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-100000 | USD |
CY2018Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-600000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
13710000 | USD | |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD | |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
97049000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
160905000 | USD | |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
62439000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-43676000 | USD | |
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
-26757000 | USD | |
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
-812000 | USD | |
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
54862000 | USD | |
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-117076000 | USD | |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10749596000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11356322000 | USD |
CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1013443000 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1349127000 | USD |
CY2018Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1500000000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
450000000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
450000000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3067045000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2617892000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-37464000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-18558000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-516670000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-688144000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
552003000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
751367000 | USD | |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
164728000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
289760000 | USD | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
178992000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
493124000 | USD | |
CY2018Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
8 | state |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
285172000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
495090000 | USD | |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
268988000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
510549000 | USD | |
CY2017Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
106321000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
55263000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
242125000 | USD |
CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
220636000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1530000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
702000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-939000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-1046000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
4230000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
100426000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
22244000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
21289000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
5760000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
101128000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
21305000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
20243000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
879000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
403000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-276000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-338000 | USD | |
CY2017Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
332648000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
538702000 | USD |
CY2017Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
175735000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
100929000 | USD |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-10391000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-12252000 | USD | |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
833000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-161000 | USD | |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-253000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2288000 | USD | |
CY2017Q1 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
132239000 | USD |
us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
257177000 | USD | |
CY2018Q1 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
161073000 | USD |
us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
290640000 | USD | |
us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
8918000 | USD | |
us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
1175000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-3787000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-4009000 | USD | |
us-gaap |
Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
|
1518000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
95314000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
105891000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
|
85714000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
|
0 | USD | |
CY2017Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
261423000 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
559385000 | USD | |
CY2018Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
310740000 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
693978000 | USD | |
CY2017Q3 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
230588000 | USD |
CY2018Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
237448000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
49400000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
395092000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
125000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
16984000 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
11902000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-159204000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-318143000 | USD | |
CY2017Q3 | us-gaap |
Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
|
2042122000 | USD |
CY2018Q1 | us-gaap |
Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
|
2142386000 | USD |
CY2017Q3 | us-gaap |
Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
|
9259182000 | USD |
CY2018Q1 | us-gaap |
Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
|
9761329000 | USD |
CY2017Q3 | us-gaap |
Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
|
11301304000 | USD |
CY2018Q1 | us-gaap |
Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
|
11903715000 | USD |
CY2017Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
988186000 | USD |
us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
1768354000 | USD | |
CY2018Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
1219409000 | USD |
us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
2108601000 | USD | |
CY2017Q3 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
176798000 | USD |
CY2018Q1 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
121884000 | USD |
CY2017Q3 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
555657000 | USD |
CY2018Q1 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
1493007000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1467024000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1854257000 | USD |
CY2017Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
447745000 | USD |
CY2018Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
129602000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3898666000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4721346000 | USD |
CY2017Q1 | us-gaap |
Taxes Other
TaxesOther
|
65614000 | USD |
us-gaap |
Taxes Other
TaxesOther
|
122663000 | USD | |
CY2018Q1 | us-gaap |
Taxes Other
TaxesOther
|
73007000 | USD |
us-gaap |
Taxes Other
TaxesOther
|
135780000 | USD | |
CY2017Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
193000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
348000 | USD | |
CY2018Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
161000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
459000 | USD | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
105935000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
105610000 | shares | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
111706000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
110135000 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Atmos Energy Corporation (“Atmos Energy” or the “Company”) is engaged in the regulated natural gas distribution and pipeline and storage businesses. Our distribution business is subject to federal and state regulation and/or regulation by local authorities in each of the states in which our regulated divisions and subsidiaries operate.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our distribution business delivers natural gas through sales and transportation arrangements to over </font><font style="font-family:inherit;font-size:10pt;">three million</font><font style="font-family:inherit;font-size:10pt;"> residential, commercial, public authority and industrial customers through our </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> regulated distribution divisions, which at </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, covered service areas located in </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> states. </font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our pipeline and storage business, which is also subject to federal and state regulations, includes the transportation of natural gas to our Texas and Louisiana distribution systems and the management of our underground storage facilities used to support our distribution business in various states.</font></div></div> |