$NFG
NATIONAL FUEL GAS CO

2011 Form 10-K Financial Statement

#000119312511321222 Filed on November 23, 2011

View on sec.gov

Income Statement

Concept 2011 2010 Q3
Revenue $1.779B $286.4M
YoY Change 1.04% 3.47%
Cost Of Revenue $628.7M $57.00M
YoY Change -4.51% 0.53%
Gross Profit $1.150B $229.4M
YoY Change 4.36% 4.23%
Gross Profit Margin 64.65% 80.1%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $226.5M $49.40M
YoY Change 18.09% 8.1%
% of Gross Profit 19.69% 21.53%
Operating Expenses $709.0M $155.4M
YoY Change 7.15% 2.78%
Operating Profit $441.1M $74.00M
YoY Change 0.16% 7.4%
Interest Expense -$76.00M -$21.00M
YoY Change -13.34% -6.67%
% of Operating Profit -17.23% -28.38%
Other Income/Expense, Net $6.700M $1.200M
YoY Change 86.11% 33.33%
Pretax Income $422.8M $54.20M
YoY Change 18.63% 14.59%
Income Tax $164.4M $21.80M
% Of Pretax Income 38.88% 40.22%
Net Earnings $258.4M $38.40M
YoY Change 14.39% 42.23%
Net Earnings / Revenue 14.53% 13.41%
Basic Earnings Per Share
Diluted Earnings Per Share $3.087M $462.7K
COMMON SHARES
Basic Shares Outstanding 82.51M
Diluted Shares Outstanding

Balance Sheet

Concept 2011 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $80.40M $397.2M
YoY Change -79.76% -2.67%
Cash & Equivalents $80.40M $397.2M
Short-Term Investments
Other Short-Term Assets $110.8M $98.20M
YoY Change -35.77% -31.85%
Inventory $82.30M $73.60M
Prepaid Expenses
Receivables $131.9M $132.1M
Other Receivables $6.500M $74.40M
Total Short-Term Assets $411.9M $775.4M
YoY Change -46.88% -0.21%
LONG-TERM ASSETS
Property, Plant & Equipment $4.001B $3.450B
YoY Change 15.95% 10.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $79.40M $92.70M
YoY Change -14.35% -2.22%
Other Assets $723.8M $781.9M
YoY Change -7.43% 5.91%
Total Long-Term Assets $4.809B $4.330B
YoY Change 11.06% 8.47%
TOTAL ASSETS
Total Short-Term Assets $411.9M $775.4M
Total Long-Term Assets $4.809B $4.330B
Total Assets $5.221B $5.106B
YoY Change 2.26% 7.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.7M $89.70M
YoY Change 41.25% -1.1%
Accrued Expenses $134.1M $102.1M
YoY Change 31.34% 100.59%
Deferred Revenue
YoY Change
Short-Term Debt $40.00M $0.00
YoY Change
Long-Term Debt Due $150.0M $200.0M
YoY Change -25.0%
Total Short-Term Liabilities $542.5M $524.3M
YoY Change 3.47% 64.62%
LONG-TERM LIABILITIES
Long-Term Debt $899.0M $1.049B
YoY Change -14.3% -16.01%
Other Long-Term Liabilities $932.3M $985.6M
YoY Change -5.41% 3.91%
Total Long-Term Liabilities $1.831B $2.035B
YoY Change -9.99% -7.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $542.5M $524.3M
Total Long-Term Liabilities $1.831B $2.035B
Total Liabilities $3.329B $3.360B
YoY Change -0.91% 5.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.892B $1.746B
YoY Change
Total Liabilities & Shareholders Equity $5.221B $5.106B
YoY Change 2.26% 7.06%

Cashflow Statement

Concept 2011 2010 Q3
OPERATING ACTIVITIES
Net Income $258.4M $38.40M
YoY Change 14.39% 42.23%
Depreciation, Depletion And Amortization $226.5M $49.40M
YoY Change 18.09% 8.1%
Cash From Operating Activities $654.0M $27.10M
YoY Change 46.31% -72.23%
INVESTING ACTIVITIES
Capital Expenditures -$814.3M -$115.6M
YoY Change 83.77% 57.71%
Acquisitions
YoY Change
Other Investing Activities $120.0M $53.80M
YoY Change 124.3% -257.77%
Cash From Investing Activities -$694.3M -$61.80M
YoY Change 78.21% -42.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -276.4M -29.00M
YoY Change 293.17% 116.42%
NET CHANGE
Cash From Operating Activities 654.0M 27.10M
Cash From Investing Activities -694.3M -61.80M
Cash From Financing Activities -276.4M -29.00M
Net Change In Cash -316.7M -63.70M
YoY Change 2355.04% 174.57%
FREE CASH FLOW
Cash From Operating Activities $654.0M $27.10M
Capital Expenditures -$814.3M -$115.6M
Free Cash Flow $1.468B $142.7M
YoY Change 64.96% -16.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82514015
CY2009 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Cost Of Covered Prescription Drug Benefits
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaCostOfCoveredPrescriptionDrugBenefits
0.09
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Cost Of Covered Prescription Drug Benefits
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaCostOfCoveredPrescriptionDrugBenefits
0.0869
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Cost Of Covered Prescription Drug Benefits
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaCostOfCoveredPrescriptionDrugBenefits
0.0839
CY2009 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part B Reimbursement
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartBReimbursement
0.07
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part B Reimbursement
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartBReimbursement
0.0695
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part B Reimbursement
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartBReimbursement
0.0689
CY2009 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.079
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.076
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.073
CY2009 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Post Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPostAgeSixtyFiveParticipants
0.07
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Post Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPostAgeSixtyFiveParticipants
0.0695
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Post Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPostAgeSixtyFiveParticipants
0.0689
CY2009 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Pre Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPreAgeSixtyFiveParticipants
0.08
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Pre Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPreAgeSixtyFiveParticipants
0.0782
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Pre Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPreAgeSixtyFiveParticipants
0.0764
CY2010Q3 nfg Medium Term Notes Payable
MediumTermNotesPayable
449000000
CY2011Q3 nfg Medium Term Notes Payable
MediumTermNotesPayable
249000000
CY2010Q3 nfg Notes
Notes
800000000
CY2011Q3 nfg Notes
Notes
800000000
CY2010Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2267009000
CY2011Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2010662000
CY2010 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
234094000
CY2011 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
519285000
CY2010 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
75155000
CY2011 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
62651000
CY2010Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
6009000
CY2010Q3 us-gaap Long Term Debt
LongTermDebt
1249000000
CY2011Q3 us-gaap Long Term Debt
LongTermDebt
1049000000
CY2010Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
200000000
CY2011Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
150000000
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
38402000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
115611000
CY2010Q3 us-gaap Regulatory Assets
RegulatoryAssets
698240000
CY2011Q3 us-gaap Regulatory Assets
RegulatoryAssets
724111000
CY2009 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
182811000
CY2011 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
0
CY2010 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
0
CY2009 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
281171000
CY2010 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
385732000
CY2011 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
497600000
CY2009 us-gaap Segment Reporting Information Revenue From External Customers
SegmentReportingInformationRevenueFromExternalCustomers
2051543000
CY2010 us-gaap Segment Reporting Information Revenue From External Customers
SegmentReportingInformationRevenueFromExternalCustomers
1760503000
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2515703

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