2016 Q3 Form 10-Q Financial Statement

#000035630916000209 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $469.2M $393.2M $458.5M
YoY Change 7.06% -14.23% -33.39%
Cost Of Revenue $341.2M $336.3M $386.8M
YoY Change -0.64% -13.06% -39.48%
Gross Profit $128.0M $56.90M $71.70M
YoY Change 34.88% -20.64% 45.73%
Gross Profit Margin 27.28% 14.47% 15.64%
Selling, General & Admin $2.100M $6.400M $8.500M
YoY Change -32.26% -24.71% -8.6%
% of Gross Profit 1.64% 11.25% 11.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.80M $18.67M $15.60M
YoY Change 22.22% 19.69% 14.71%
% of Gross Profit 15.47% 32.81% 21.76%
Operating Expenses $85.60M $421.5M $467.8M
YoY Change -3.39% -9.88% -34.8%
Operating Profit $42.48M -$28.33M -$9.309M
YoY Change 578.92% 204.32% -68.13%
Interest Expense -$9.100M $7.787M $7.327M
YoY Change 35.82% 6.28% 12.6%
% of Operating Profit -21.42%
Other Income/Expense, Net $2.800M $2.306M $1.491M
YoY Change -30.0% 54.66% -86.07%
Pretax Income $36.10M -$33.81M -$15.15M
YoY Change 902.78% 123.24% -38.84%
Income Tax $13.20M -$14.19M -$4.318M
% Of Pretax Income 36.57%
Net Earnings $25.40M -$17.36M -$7.460M
YoY Change 505.19% 132.75% -47.74%
Net Earnings / Revenue 5.41% -4.42% -1.63%
Basic Earnings Per Share $0.30 -$0.20 -$0.09
Diluted Earnings Per Share $0.29 -$0.20 -$0.09
COMMON SHARES
Basic Shares Outstanding 86.15M shares 85.96M shares 85.45M shares
Diluted Shares Outstanding 85.96M shares 85.45M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.50M $94.80M $70.20M
YoY Change 665.31% 35.04% 2027.27%
Cash & Equivalents $37.55M $94.81M $70.18M
Short-Term Investments
Other Short-Term Assets $35.42M $34.40M $27.47M
YoY Change -13.58% 25.22% -8.11%
Inventory $217.0M $169.5M $124.9M
Prepaid Expenses
Receivables $137.8M $139.1M $191.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $607.3M $604.7M $561.8M
YoY Change 24.38% 7.64% -19.22%
LONG-TERM ASSETS
Property, Plant & Equipment $2.408B $2.304B $2.068B
YoY Change 13.13% 11.4% 13.79%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $141.1M $139.0M $151.9M
YoY Change 6.93% -8.51% -0.39%
Other Assets $60.20M $69.80M $67.16M
YoY Change -2.78% 3.92% 24.47%
Total Long-Term Assets $703.7M $724.0M $578.8M
YoY Change 5.36% 25.09% -2.35%
TOTAL ASSETS
Total Short-Term Assets $607.3M $604.7M $561.8M
Total Long-Term Assets $703.7M $724.0M $578.8M
Total Assets $3.719B $3.633B $3.209B
YoY Change 13.22% 13.21% 3.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $107.2M $70.41M $89.53M
YoY Change 7.56% -21.36% 8.74%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $121.7M $244.6M $0.00
YoY Change 83.42% -100.0%
Long-Term Debt Due $61.50M $11.40M $36.00M
YoY Change 454.05% -68.33% 278.95%
Total Short-Term Liabilities $571.6M $601.5M $402.7M
YoY Change 31.07% 49.37% -40.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.055B $967.8M $847.5M
YoY Change 25.06% 14.19% 35.21%
Other Long-Term Liabilities $9.702M $9.223M $8.720M
YoY Change 14.46% 5.77% 18.82%
Total Long-Term Liabilities $925.3M $892.6M $835.4M
YoY Change 3.08% 6.85% 6.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $571.6M $601.5M $402.7M
Total Long-Term Liabilities $925.3M $892.6M $835.4M
Total Liabilities $1.497B $1.494B $1.238B
YoY Change 12.23% 20.68% -15.55%
SHAREHOLDERS EQUITY
Retained Earnings $825.6M $822.1M $794.1M
YoY Change 6.15% 3.53% 10.56%
Common Stock $437.2M $437.2M $432.2M
YoY Change 1.5% 1.17% 3.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $81.04M $82.75M $97.69M
YoY Change -12.07% -15.3% -19.75%
Treasury Stock Shares 2.575M shares 2.581M shares 2.935M shares
Shareholders Equity $1.167B $1.171B $1.123B
YoY Change
Total Liabilities & Shareholders Equity $3.719B $3.633B $3.209B
YoY Change 13.22% 13.21% 3.32%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $25.40M -$17.36M -$7.460M
YoY Change 505.19% 132.75% -47.74%
Depreciation, Depletion And Amortization $19.80M $18.67M $15.60M
YoY Change 22.22% 19.69% 14.71%
Cash From Operating Activities $46.00M -$21.40M $56.20M
YoY Change 460.98% -138.08% -914.49%
INVESTING ACTIVITIES
Capital Expenditures -$98.00M -$80.70M -$61.20M
YoY Change 17.08% 31.86% -20.21%
Acquisitions
YoY Change
Other Investing Activities -$9.800M -$3.300M -$7.500M
YoY Change 7.69% -56.0% 10.29%
Cash From Investing Activities -$107.9M -$83.90M -$68.70M
YoY Change 16.27% 22.13% -17.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.600M 198.2M -20.70M
YoY Change -76.29% -1057.49% -124.56%
NET CHANGE
Cash From Operating Activities 46.00M -21.40M 56.20M
Cash From Investing Activities -107.9M -83.90M -68.70M
Cash From Financing Activities 4.600M 198.2M -20.70M
Net Change In Cash -57.30M 92.90M -33.20M
YoY Change -12.12% -379.82% 435.48%
FREE CASH FLOW
Cash From Operating Activities $46.00M -$21.40M $56.20M
Capital Expenditures -$98.00M -$80.70M -$61.20M
Free Cash Flow $144.0M $59.30M $117.4M
YoY Change 56.69% -49.49% 68.19%

Facts In Submission

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CY2015Q3 us-gaap Derivative Assets
DerivativeAssets
45087000 USD
CY2016Q2 us-gaap Derivative Assets
DerivativeAssets
43796000 USD
CY2015Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
40743000 USD
CY2016Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
40147000 USD
CY2015Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
4334000 USD
CY2016Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
3649000 USD
CY2015Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0326
CY2015Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
38330000 USD
CY2016Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
106867000 USD
CY2015Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
32791000 USD
CY2016Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
82300000 USD
CY2015Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
5529000 USD
CY2016Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
24567000 USD
CY2015Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4200000 USD
CY2016Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
22700000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
61885000 USD
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
20528000 USD
CY2016Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
20658000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.08
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.103
CY2015Q3 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
163905000 USD
CY2016Q2 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
159073000 USD
CY2015Q3 us-gaap Equity Method Investments
EquityMethodInvestments
132002000 USD
CY2016Q2 us-gaap Equity Method Investments
EquityMethodInvestments
138998000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-838000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1701000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8566000 USD
CY2015Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
8319000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
47272000 USD
CY2016Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
8726000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
34205000 USD
CY2015Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
6200000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
7600000 USD
CY2015Q3 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
151375000 USD
CY2016Q2 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
123752000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-15145000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
223707000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-33810000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
109554000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3367000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9749000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2257000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7065000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3909000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3420000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4318000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56693000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14190000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10347000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
24900000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22818000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
923000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-26829000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-23961000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9846000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
3371000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
3959000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-5784000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2534000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
50000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-410000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-160809000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1569000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-88290000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
93014000 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-47371000 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-27663000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-22572000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
23615000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
36350000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
9656000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
531000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4585000 USD
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-48715000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
-18109000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
9377000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1484000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-989000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1018000 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
897000 shares
CY2015Q2 us-gaap Interest Expense
InterestExpense
7327000 USD
us-gaap Interest Expense
InterestExpense
21005000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
7787000 USD
us-gaap Interest Expense
InterestExpense
21933000 USD
us-gaap Interest Paid Net
InterestPaidNet
14324000 USD
us-gaap Interest Paid Net
InterestPaidNet
21492000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
-25000 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
65000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
188000 USD
CY2015Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
132002000 USD
CY2016Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
138998000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3284357000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3632790000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
436100000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
601472000 USD
CY2015Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
897706000 USD
CY2016Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
892634000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
843595000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
967802000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11138000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11362000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-85759000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
248613000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-228946000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-255332000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
382734000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96599000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-7460000 USD
us-gaap Net Income Loss
NetIncomeLoss
176763000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-17363000 USD
us-gaap Net Income Loss
NetIncomeLoss
106272000 USD
CY2015Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
36200000 USD
CY2016Q2 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
39400000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
467776000 USD
us-gaap Operating Expenses
OperatingExpenses
2053487000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
421542000 USD
us-gaap Operating Expenses
OperatingExpenses
1286609000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-5000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9309000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
242194000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-28329000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
125055000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
40987000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
34402000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61915000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
69798000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-318000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
364000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5062000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3657000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-246000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-256000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-769000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-169000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-506000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-174000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-523000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
6000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
93000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
6000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
56000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-2000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-570000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-461000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5313000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2888000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-394000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-319000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3754000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2014000 USD
CY2015Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
48598000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
146135000 USD
CY2016Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
51467000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
150825000 USD
CY2015Q3 us-gaap Other Inventory
OtherInventory
7138000 USD
CY2016Q2 us-gaap Other Inventory
OtherInventory
10401000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8476000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9223000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1491000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2518000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3359000 USD
CY2015Q2 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1049000 USD
CY2016Q2 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2741000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8689000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2313000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
8689000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
111588000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2306000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6432000 USD
CY2015Q3 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
4103000 USD
CY2016Q2 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
0 USD
CY2015Q3 us-gaap Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
12990000 USD
CY2016Q2 us-gaap Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
57606000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
4745000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
5070000 USD
us-gaap Payments For Proceeds From Removal Costs
PaymentsForProceedsFromRemovalCosts
19114000 USD
us-gaap Payments For Proceeds From Removal Costs
PaymentsForProceedsFromRemovalCosts
21342000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9045000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1008000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
57226000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
61775000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2136000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
115736000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
90000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1466000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
96626000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
111751000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2466000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
32325000 USD
CY2015Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
137414000 USD
CY2016Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
108655000 USD
CY2015Q3 us-gaap Prepaid Taxes
PrepaidTaxes
36810000 USD
CY2016Q2 us-gaap Prepaid Taxes
PrepaidTaxes
37719000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2269000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1915000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33659000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12173000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
13100000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
12200000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-301000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
178275000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
748000 USD
CY2015Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
68996000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
227418000 USD
CY2016Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
81938000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
250295000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2622285000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2844529000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2128261000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2304024000 USD
CY2015Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
481003000 USD
CY2016Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
610364000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2143000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1170000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
437097000 USD
CY2016Q2 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
465839000 USD
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<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;">519,800</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 NJNR Pipeline Company, which holds the Company's</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 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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