2016 Q1 Form 10-Q Financial Statement

#000035630916000186 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $574.2M $1.013B
YoY Change -43.32% -35.86%
Cost Of Revenue $372.3M $795.0M
YoY Change -53.17% -33.52%
Gross Profit $201.9M $218.1M
YoY Change -7.43% -43.17%
Gross Profit Margin 35.16% 21.53%
Selling, General & Admin $21.20M $42.70M
YoY Change -50.35% 11.78%
% of Gross Profit 10.5% 19.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.74M $15.20M
YoY Change 16.74% 18.75%
% of Gross Profit 8.79% 6.97%
Operating Expenses $480.3M $930.3M
YoY Change -48.37% -30.19%
Operating Profit $93.93M $82.81M
YoY Change 13.44% -66.48%
Interest Expense $7.369M $6.483M
YoY Change 13.67% 2.81%
% of Operating Profit 7.84% 7.83%
Other Income/Expense, Net $2.202M $1.137M
YoY Change 93.67% 62.43%
Pretax Income $88.77M $77.46M
YoY Change 14.6% -67.91%
Income Tax $17.82M $20.14M
% Of Pretax Income 20.07% 26.01%
Net Earnings $73.35M $60.90M
YoY Change 20.44% -64.79%
Net Earnings / Revenue 12.78% 6.01%
Basic Earnings Per Share $0.85 $0.71
Diluted Earnings Per Share $0.84 $0.71
COMMON SHARES
Basic Shares Outstanding 85.83M shares 85.33M shares
Diluted Shares Outstanding 86.86M shares 86.37M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M $103.3M
YoY Change -98.16% 976.04%
Cash & Equivalents $1.880M $103.3M
Short-Term Investments
Other Short-Term Assets $34.42M $34.49M
YoY Change -0.18% 34.69%
Inventory $127.6M $79.70M
Prepaid Expenses
Receivables $143.9M $325.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $459.9M $745.6M
YoY Change -38.33% -10.82%
LONG-TERM ASSETS
Property, Plant & Equipment $2.243B $2.017B
YoY Change 11.17% 16.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $137.0M $151.1M
YoY Change -9.37% -0.79%
Other Assets $69.31M $62.99M
YoY Change 10.03% 26.58%
Total Long-Term Assets $717.1M $570.5M
YoY Change 25.7% -2.76%
TOTAL ASSETS
Total Short-Term Assets $459.9M $745.6M
Total Long-Term Assets $717.1M $570.5M
Total Assets $3.420B $3.333B
YoY Change 2.59% 5.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.65M $77.95M
YoY Change -13.21% 19.44%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $152.5M $146.0M
YoY Change 4.45% 131.01%
Long-Term Debt Due $11.70M $36.30M
YoY Change -67.77% 68.84%
Total Short-Term Liabilities $477.9M $655.1M
YoY Change -27.05% -7.89%
LONG-TERM LIABILITIES
Long-Term Debt $844.4M $699.2M
YoY Change 20.77% 11.25%
Other Long-Term Liabilities $9.228M $8.413M
YoY Change 9.69% 14.23%
Total Long-Term Liabilities $889.9M $828.0M
YoY Change 7.47% 5.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $477.9M $655.1M
Total Long-Term Liabilities $889.9M $828.0M
Total Liabilities $1.368B $1.483B
YoY Change -7.78% -0.7%
SHAREHOLDERS EQUITY
Retained Earnings $858.5M $820.8M
YoY Change 4.59% 9.41%
Common Stock $437.6M $434.5M
YoY Change 0.72% 4.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $87.93M $99.22M
YoY Change -11.38% -20.68%
Treasury Stock Shares 2.684M shares 2.872M shares
Shareholders Equity $1.207B $1.151B
YoY Change
Total Liabilities & Shareholders Equity $3.420B $3.333B
YoY Change 2.59% 5.45%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $73.35M $60.90M
YoY Change 20.44% -64.79%
Depreciation, Depletion And Amortization $17.74M $15.20M
YoY Change 16.74% 18.75%
Cash From Operating Activities $154.2M $285.7M
YoY Change -46.03% -36.82%
INVESTING ACTIVITIES
Capital Expenditures -$60.00M -$57.60M
YoY Change 4.17% 14.06%
Acquisitions
YoY Change
Other Investing Activities -$16.00M -$10.40M
YoY Change 53.85% 79.31%
Cash From Investing Activities -$76.00M -$68.00M
YoY Change 11.76% 21.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.90M -126.0M
YoY Change -38.17% -68.22%
NET CHANGE
Cash From Operating Activities 154.2M 285.7M
Cash From Investing Activities -76.00M -68.00M
Cash From Financing Activities -77.90M -126.0M
Net Change In Cash 300.0K 91.70M
YoY Change -99.67% -18440.0%
FREE CASH FLOW
Cash From Operating Activities $154.2M $285.7M
Capital Expenditures -$60.00M -$57.60M
Free Cash Flow $214.2M $343.3M
YoY Change -37.61% -31.71%

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0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.177
CY2015Q3 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
163905000 USD
CY2016Q1 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
117490000 USD
CY2015Q3 us-gaap Equity Method Investments
EquityMethodInvestments
132002000 USD
CY2016Q1 us-gaap Equity Method Investments
EquityMethodInvestments
136974000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
839000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2015Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
24632000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
38953000 USD
CY2016Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
15842000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
25479000 USD
CY2015Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
6200000 USD
CY2016Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
7500000 USD
CY2015Q3 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
151375000 USD
CY2016Q1 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
120091000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
77460000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
238852000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
88766000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
143364000 USD
CY2015Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3587000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6382000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2402000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4808000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-4089000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2261000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20144000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61011000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17840000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26197000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14719000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
688000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-35456000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-25026000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
178647000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16750000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
2014000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
2357000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-5821000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
226000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
155000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-409000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-205992000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-43479000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-42506000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
13788000 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
24827000 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-31324000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-39396000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
15794000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
20568000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
20396000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5736000 USD
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-16707000 USD
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-12478000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
-15734000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1007000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
6483000 USD
us-gaap Interest Expense
InterestExpense
13678000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
7369000 USD
us-gaap Interest Expense
InterestExpense
14146000 USD
us-gaap Interest Paid Net
InterestPaidNet
12946000 USD
us-gaap Interest Paid Net
InterestPaidNet
15647000 USD
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
246000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
336000 USD
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
53000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
123000 USD
CY2015Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
132002000 USD
CY2016Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
136974000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3284357000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3419594000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
436100000 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
477867000 USD
CY2015Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
897706000 USD
CY2016Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
889854000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
843595000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
844391000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11138000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11683000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
53547000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-160213000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-171419000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
326506000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114824000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
60903000 USD
us-gaap Net Income Loss
NetIncomeLoss
184223000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
73328000 USD
us-gaap Net Income Loss
NetIncomeLoss
121975000 USD
CY2015Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
36200000 USD
CY2016Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
40200000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
930284000 USD
us-gaap Operating Expenses
OperatingExpenses
1585711000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
480260000 USD
us-gaap Operating Expenses
OperatingExpenses
865067000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
82806000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
251503000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
93933000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
153384000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
40987000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
34423000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
4500000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
8201000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
50000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
21000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-550000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61915000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
69305000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-193000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
682000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4795000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8719000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-239000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-486000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-257000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-513000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-168000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-337000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-175000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-349000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
118000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
87000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
38000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
68000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-380000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
75000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3154000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
5768000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
52778000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
97537000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
53125000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
99358000 USD
CY2015Q3 us-gaap Other Inventory
OtherInventory
7138000 USD
CY2016Q1 us-gaap Other Inventory
OtherInventory
10074000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8476000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9228000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1137000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1027000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2202000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4126000 USD
CY2015Q3 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
4103000 USD
CY2016Q1 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
12798000 USD
CY2015Q3 us-gaap Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
12990000 USD
CY2016Q1 us-gaap Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
34156000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
2656000 USD
CY2016Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
374972000 USD
us-gaap Payments For Proceeds From Removal Costs
PaymentsForProceedsFromRemovalCosts
11334000 USD
us-gaap Payments For Proceeds From Removal Costs
PaymentsForProceedsFromRemovalCosts
20080000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3945000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1008000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
38010000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41115000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
2089000 USD
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
717000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1264000 USD
CY2016Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3102000 USD
us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
394142000 USD
CY2015Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
24258000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
8200000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
86150000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2016Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
32638000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
88370000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
70882000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
61000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1069000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58657000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
76326000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2434000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
32167000 USD
CY2015Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
137414000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
107590000 USD
CY2015Q3 us-gaap Prepaid Taxes
PrepaidTaxes
36810000 USD
CY2016Q1 us-gaap Prepaid Taxes
PrepaidTaxes
3354000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
957000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1131000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28310000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8220000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
7700000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-155000000 USD
CY2015Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
66318000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
158422000 USD
CY2016Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
73514000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
168357000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2622285000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2764936000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2128261000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2242658000 USD
CY2015Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
481003000 USD
CY2016Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
574655000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1696000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
873000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
437097000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
453924000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
155553000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
150437000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
1908024000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
1982080000 USD
CY2016Q1 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
920215000 USD
CY2016Q1 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
144803000 USD
CY2016Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
202950000 USD
CY2016Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
283721000 USD
CY2016Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
249535000 USD
CY2015Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1013090000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1837214000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1018451000 USD
CY2015Q1 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
374703000 USD
us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
583430000 USD
CY2016Q1 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
242536000 USD
CY2016Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
574193000 USD
us-gaap Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
7216000 USD
CY2015Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
410155000 USD
CY2016Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
436178000 USD
CY2015Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
12154000 USD
CY2016Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
0 USD
CY2015Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
67533000 USD
CY2016Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
61333000 USD
CY2015Q1 us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
3124000 USD
us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
6388000 USD
CY2016Q1 us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
2077000 USD
us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
4151000 USD
CY2015Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-1601000 USD
CY2016Q1 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-1152000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4510000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5807000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
777745000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
858493000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
66350000 USD
CY2016Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
152500000 USD
CY2015Q4 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
5000000 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
279000 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
260000 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
8198000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9151000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1106956000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
1207482000 USD
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2804847 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2684265 shares
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
92164000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
87930000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6290000 USD
CY2015Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
6372000 USD
CY2016Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
27144000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
20198000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2035000 USD
CY2015Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-68474000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
20198000 USD
CY2016Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-3170000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-2035000 USD
CY2015Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
638387000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
1253784000 USD
CY2016Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
331657000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
624309000 USD
CY2015Q1 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
42692000 USD
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85834000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85754000 shares
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
64155000 USD
CY2016Q1 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
21215000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
30843000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1042000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1042000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1024000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1024000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86370000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85982000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86858000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86778000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85328000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84940000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF THE BUSINESS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Jersey Resources Corporation provides regulated gas distribution services and operates certain unregulated businesses primarily through the following subsidiaries:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Jersey Natural Gas Company provides natural gas utility service to approximately </font><font style="font-family:inherit;font-size:10pt;">519,100</font><font style="font-family:inherit;font-size:10pt;"> retail customers in central and northern New Jersey and is subject to rate regulation by the BPU. NJNG comprises the Natural Gas Distribution segment;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Energy Services Company comprises the Energy Services segment that maintains and transacts around a portfolio of natural gas storage and transportation capacity contracts and provides physical wholesale energy and energy management services;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Clean Energy Ventures Corporation, the Company's distributed power subsidiary, comprises the Clean Energy Ventures segment and consists of the Company's capital investments in distributed power projects, including commercial and residential solar projects and onshore wind investments;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Midstream Holdings Corporation invests in energy-related ventures through its subsidiaries, NJR Steckman Ridge Storage Company, which holds the Company's </font><font style="font-family:inherit;font-size:10pt;">50 percent</font><font style="font-family:inherit;font-size:10pt;"> combined interest in Steckman Ridge, </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">and NJR Pipeline Company, which holds the Company's </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">20 percent</font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;"> ownership interest in PennEast and</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">1.84 million</font><font style="font-family:inherit;font-size:10pt;"> Common Units of Dominion Midstream Partners, L.P. The investments in Steckman Ridge, PennEast and DM comprise the Midstream segment; and</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Retail Holdings Corporation has </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> principal subsidiaries, NJR Home Services Company, which provides heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to residential homes and businesses throughout New Jersey, and Commercial Realty &amp; Resources Corporation, which owns commercial real estate. NJR Retail Holdings Corporation and NJR Energy Corporation are included in Home Services and Other operations.</font></div></div>

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