$NFG
NATIONAL FUEL GAS CO

2012 Q3 Form 10-K Financial Statement

#000119312512478803 Filed on November 21, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 2011 Q3
Revenue $313.3M $1.627B $286.0M
YoY Change 9.55% -8.54% -0.14%
Cost Of Revenue $24.70M $415.6M $46.40M
YoY Change -46.77% -33.9% -18.6%
Gross Profit $288.6M $1.211B $239.6M
YoY Change 20.45% 5.32% 4.45%
Gross Profit Margin 92.12% 74.46% 83.78%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $71.60M $271.5M $55.90M
YoY Change 28.09% 19.88% 13.16%
% of Gross Profit 24.81% 22.42% 23.33%
Operating Expenses $181.3M $1.179B $164.4M
YoY Change 10.28% 66.26% 5.79%
Operating Profit $107.3M $448.0M $75.20M
YoY Change 42.69% 1.58% 1.62%
Interest Expense -$20.80M $86.24M -$16.50M
YoY Change 26.06% -213.47% -21.43%
% of Operating Profit -19.38% 19.25% -21.94%
Other Income/Expense, Net $1.100M $5.100M $1.900M
YoY Change -42.11% -23.88% 58.33%
Pretax Income $87.50M $370.6M $60.50M
YoY Change 44.63% -12.34% 11.62%
Income Tax $38.70M $150.6M $23.20M
% Of Pretax Income 44.23% 40.62% 38.35%
Net Earnings $48.80M $220.1M $37.40M
YoY Change 30.49% -14.83% -2.61%
Net Earnings / Revenue 15.58% 13.53% 13.08%
Basic Earnings Per Share $2.65
Diluted Earnings Per Share $581.6K $2.63 $446.8K
COMMON SHARES
Basic Shares Outstanding 83.13M shares
Diluted Shares Outstanding 83.74M shares

Balance Sheet

Concept 2012 Q3 2012 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.50M $74.50M $80.40M
YoY Change -7.34% -7.34% -79.76%
Cash & Equivalents $74.49M $74.50M $80.43M
Short-Term Investments
Other Short-Term Assets $84.60M $84.60M $110.8M
YoY Change -23.65% -23.65% 12.83%
Inventory $78.40M $78.40M $82.30M
Prepaid Expenses
Receivables $115.8M $115.8M $131.9M
Other Receivables $2.400M $2.400M $6.500M
Total Short-Term Assets $355.6M $355.6M $411.9M
YoY Change -13.67% -13.67% -46.88%
LONG-TERM ASSETS
Property, Plant & Equipment $4.740B $4.740B $4.001B
YoY Change 18.48% 18.48% 15.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $86.80M $86.80M $79.40M
YoY Change 9.32% 9.32% -14.35%
Other Assets $747.5M $747.5M $723.8M
YoY Change 3.27% 3.27% -7.43%
Total Long-Term Assets $5.580B $5.580B $4.809B
YoY Change 16.02% 16.02% 11.06%
TOTAL ASSETS
Total Short-Term Assets $355.6M $355.6M $411.9M
Total Long-Term Assets $5.580B $5.580B $4.809B
Total Assets $5.935B $5.935B $5.221B
YoY Change 13.68% 13.68% 2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.00M $88.00M $126.7M
YoY Change -30.54% -30.54% 41.25%
Accrued Expenses $108.6M $108.6M $134.1M
YoY Change -19.02% -19.02% 31.34%
Deferred Revenue
YoY Change
Short-Term Debt $171.0M $171.0M $40.00M
YoY Change 327.5% 327.5%
Long-Term Debt Due $250.0M $250.0M $150.0M
YoY Change 66.67% 66.67% -25.0%
Total Short-Term Liabilities $734.5M $734.5M $542.5M
YoY Change 35.39% 35.39% 3.47%
LONG-TERM LIABILITIES
Long-Term Debt $1.149B $1.149B $899.0M
YoY Change 27.81% 27.81% -14.3%
Other Long-Term Liabilities $1.026B $1.026B $932.3M
YoY Change 10.03% 10.03% -5.41%
Total Long-Term Liabilities $1.149B $2.175B $899.0M
YoY Change 27.81% 18.76% -55.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $734.5M $734.5M $542.5M
Total Long-Term Liabilities $1.149B $2.175B $899.0M
Total Liabilities $3.975B $3.975B $3.329B
YoY Change 19.4% 19.4% -0.91%
SHAREHOLDERS EQUITY
Retained Earnings $1.306B $1.206B
YoY Change 8.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.960B $1.960B $1.892B
YoY Change
Total Liabilities & Shareholders Equity $5.935B $5.935B $5.221B
YoY Change 13.68% 13.68% 2.26%

Cashflow Statement

Concept 2012 Q3 2012 2011 Q3
OPERATING ACTIVITIES
Net Income $48.80M $220.1M $37.40M
YoY Change 30.49% -14.83% -2.61%
Depreciation, Depletion And Amortization $71.60M $271.5M $55.90M
YoY Change 28.09% 19.88% 13.16%
Cash From Operating Activities $85.20M $659.0M $117.7M
YoY Change -27.61% 0.76% 334.32%
INVESTING ACTIVITIES
Capital Expenditures -$225.3M $1.035B -$230.6M
YoY Change -2.3% -227.1% 99.48%
Acquisitions
YoY Change
Other Investing Activities $1.700M -$446.0K -$5.900M
YoY Change -128.81% -100.37% -110.97%
Cash From Investing Activities -$223.7M -$1.035B -$236.5M
YoY Change -5.41% 49.01% 282.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $150.0M
YoY Change
Cash From Financing Activities 72.00M 369.6M 14.50M
YoY Change 396.55% -233.72% -150.0%
NET CHANGE
Cash From Operating Activities 85.20M 659.0M 117.7M
Cash From Investing Activities -223.7M -1.035B -236.5M
Cash From Financing Activities 72.00M 369.6M 14.50M
Net Change In Cash -66.50M -6.000M -104.3M
YoY Change -36.24% -98.11% 63.74%
FREE CASH FLOW
Cash From Operating Activities $85.20M $659.0M $117.7M
Capital Expenditures -$225.3M $1.035B -$230.6M
Free Cash Flow $310.5M -$376.0M $348.3M
YoY Change -10.85% -125.61% 144.08%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
576397000
CY2011 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
531372000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83127844
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
CY2012 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Cost Of Covered Prescription Drug Benefits
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaCostOfCoveredPrescriptionDrugBenefits
0.0808
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
CY2012 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part B Reimbursement
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartBReimbursement
0.0684
CY2010 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.0760
CY2011 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.0730
CY2012 nfg Estimated Gross Other Post Retirement Benefit Payments Annual Rate Of Increase In Per Capita Medicare Part D Subsidy
EstimatedGrossOtherPostRetirementBenefitPaymentsAnnualRateOfIncreaseInPerCapitaMedicarePartDSubsidy
0.0713
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
CY2012 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Post Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPostAgeSixtyFiveParticipants
0.0684
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
CY2012 nfg Estimated Gross Other Post Retirement Benefit Payments Rate Of Increase For Pre Age Sixty Five Participants
EstimatedGrossOtherPostRetirementBenefitPaymentsRateOfIncreaseForPreAgeSixtyFiveParticipants
0.0746
CY2011Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2010662000
CY2012Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2789181000
CY2010 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
234094000
CY2010 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
75155000
CY2011 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
62651000
CY2012 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
84624000
CY2011Q3 us-gaap Long Term Debt
LongTermDebt
1049000000
CY2012Q3 us-gaap Long Term Debt
LongTermDebt
1399000000
CY2011Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
150000000
CY2012Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
250000000
CY2011Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
899000000
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1149000000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
115611000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
67392000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
48802000
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
CY2012 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
488562000
CY2010 us-gaap Revenues
Revenues
1760503000
CY2011 us-gaap Revenues
Revenues
1778842000
CY2012 us-gaap Revenues
Revenues
1626853000
CY2011Q3 us-gaap Regulatory Assets
RegulatoryAssets
660453000
CY2012Q3 us-gaap Regulatory Assets
RegulatoryAssets
731515000
CY2011Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
26589000
CY2012Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
29726000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2097214
CY2010 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2268000
CY2011 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2484000
CY2012 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
1946000
CY2010 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
25063000
CY2011 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
14380000
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
11851000

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