2015 Q3 Form 10-K Financial Statement

#000035630916000283 Filed on November 22, 2016

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2015 Q1
Revenue $438.3M $458.5M $1.013B
YoY Change -25.95% -33.39% -35.86%
Cost Of Revenue $343.4M $386.8M $795.0M
YoY Change -35.2% -39.48% -33.52%
Gross Profit $94.90M $71.70M $218.1M
YoY Change 53.06% 45.73% -43.17%
Gross Profit Margin 21.65% 15.64% 21.53%
Selling, General & Admin $3.100M $8.500M $42.70M
YoY Change -35.42% -8.6% 11.78%
% of Gross Profit 3.27% 11.85% 19.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.20M $15.60M $15.20M
YoY Change 18.25% 14.71% 18.75%
% of Gross Profit 17.07% 21.76% 6.97%
Operating Expenses $88.60M $467.8M $930.3M
YoY Change -2.53% -34.8% -30.19%
Operating Profit $6.257M -$9.309M $82.81M
YoY Change -121.7% -68.13% -66.48%
Interest Expense -$6.700M $7.327M $6.483M
YoY Change 13.56% 12.6% 2.81%
% of Operating Profit -107.08% 7.83%
Other Income/Expense, Net $4.000M $1.491M $1.137M
YoY Change -170.18% -86.07% 62.43%
Pretax Income $3.600M -$15.15M $77.46M
YoY Change -108.91% -38.84% -67.91%
Income Tax $3.000M -$4.318M $20.14M
% Of Pretax Income 83.33% 26.01%
Net Earnings $4.197M -$7.460M $60.90M
YoY Change -117.19% -47.74% -64.79%
Net Earnings / Revenue 0.96% -1.63% 6.01%
Basic Earnings Per Share $0.05 -$0.09 $0.71
Diluted Earnings Per Share $0.05 -$0.09 $0.71
COMMON SHARES
Basic Shares Outstanding 85.51M shares 85.45M shares 85.33M shares
Diluted Shares Outstanding 85.45M shares 86.37M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.900M $70.20M $103.3M
YoY Change 122.73% 2027.27% 976.04%
Cash & Equivalents $4.928M $70.18M $103.3M
Short-Term Investments
Other Short-Term Assets $40.99M $27.47M $34.49M
YoY Change 58.18% -8.11% 34.69%
Inventory $171.0M $124.9M $79.70M
Prepaid Expenses
Receivables $150.1M $191.6M $325.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $488.2M $561.8M $745.6M
YoY Change -28.49% -19.22% -10.82%
LONG-TERM ASSETS
Property, Plant & Equipment $2.128B $2.068B $2.017B
YoY Change 12.96% 13.79% 16.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $132.0M $151.9M $151.1M
YoY Change -13.73% -0.39% -0.79%
Other Assets $61.92M $67.16M $62.99M
YoY Change 37.43% 24.47% 26.58%
Total Long-Term Assets $667.9M $578.8M $570.5M
YoY Change 12.82% -2.35% -2.76%
TOTAL ASSETS
Total Short-Term Assets $488.2M $561.8M $745.6M
Total Long-Term Assets $667.9M $578.8M $570.5M
Total Assets $3.284B $3.209B $3.333B
YoY Change 5.09% 3.32% 5.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.65M $89.53M $77.95M
YoY Change -4.19% 8.74% 19.44%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $66.35M $0.00 $146.0M
YoY Change -77.96% -100.0% 131.01%
Long-Term Debt Due $11.10M $36.00M $36.30M
YoY Change -67.83% 278.95% 68.84%
Total Short-Term Liabilities $436.1M $402.7M $655.1M
YoY Change -44.87% -40.97% -7.89%
LONG-TERM LIABILITIES
Long-Term Debt $843.6M $847.5M $699.2M
YoY Change 41.02% 35.21% 11.25%
Other Long-Term Liabilities $8.476M $8.720M $8.413M
YoY Change -1.91% 18.82% 14.23%
Total Long-Term Liabilities $897.7M $835.4M $828.0M
YoY Change 11.75% 6.57% 5.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $436.1M $402.7M $655.1M
Total Long-Term Liabilities $897.7M $835.4M $828.0M
Total Liabilities $1.334B $1.238B $1.483B
YoY Change -16.35% -15.55% -0.7%
SHAREHOLDERS EQUITY
Retained Earnings $777.7M $794.1M $820.8M
YoY Change 15.25% 10.56% 9.41%
Common Stock $430.8M $432.2M $434.5M
YoY Change 3.06% 3.51% 4.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $92.16M $97.69M $99.22M
YoY Change -23.85% -19.75% -20.68%
Treasury Stock Shares 2.805M shares 2.935M shares 2.872M shares
Shareholders Equity $1.107B $1.123B $1.151B
YoY Change
Total Liabilities & Shareholders Equity $3.284B $3.209B $3.333B
YoY Change 3.97% 3.32% 5.45%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $4.197M -$7.460M $60.90M
YoY Change -117.19% -47.74% -64.79%
Depreciation, Depletion And Amortization $16.20M $15.60M $15.20M
YoY Change 18.25% 14.71% 18.75%
Cash From Operating Activities $8.200M $56.20M $285.7M
YoY Change -144.57% -914.49% -36.82%
INVESTING ACTIVITIES
Capital Expenditures -$83.70M -$61.20M -$57.60M
YoY Change 1.58% -20.21% 14.06%
Acquisitions
YoY Change
Other Investing Activities -$9.100M -$7.500M -$10.40M
YoY Change 42.19% 10.29% 79.31%
Cash From Investing Activities -$92.80M -$68.70M -$68.00M
YoY Change 4.5% -17.82% 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 19.40M -20.70M -126.0M
YoY Change -81.68% -124.56% -68.22%
NET CHANGE
Cash From Operating Activities 8.200M 56.20M 285.7M
Cash From Investing Activities -92.80M -68.70M -68.00M
Cash From Financing Activities 19.40M -20.70M -126.0M
Net Change In Cash -65.20M -33.20M 91.70M
YoY Change 4915.38% 435.48% -18440.0%
FREE CASH FLOW
Cash From Operating Activities $8.200M $56.20M $285.7M
Capital Expenditures -$83.70M -$61.20M -$57.60M
Free Cash Flow $91.90M $117.4M $343.3M
YoY Change 43.59% 68.19% -31.71%

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10800000 USD
CY2016 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
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7200000 USD
CY2015 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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6400000 USD
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4200000 USD
CY2015Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
59475000 USD
CY2015Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
59500000 USD
CY2016Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
55800000 USD
CY2016Q3 us-gaap Available For Sale Securities Noncurrent
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55789000 USD
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9655000 USD
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28676000 USD
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48881000 USD
CY2015Q3 us-gaap Capitalization Longterm Debt And Equity
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1950551000 USD
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2230141000 USD
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2969000 USD
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2151000 USD
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4928000 USD
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37546000 USD
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2777000 USD
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32618000 USD
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USD
CY2016Q3 us-gaap Commitments And Contingencies
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0.855
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0.915
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0.975
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2.50
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2.50
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150000000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
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150000000 shares
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220838000 USD
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221654000 USD
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137997000 USD
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177160000 USD
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125911000 USD
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161583000 USD
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77705000 USD
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93791000 USD
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2807008000 USD
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1767841000 USD
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1139301000 USD
CY2014 us-gaap Cost Of Natural Gas Purchases
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319897000 USD
CY2015 us-gaap Cost Of Natural Gas Purchases
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304953000 USD
CY2016 us-gaap Cost Of Natural Gas Purchases
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205034000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
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37904000 USD
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27721000 USD
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505556000 USD
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0 USD
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20492000 USD
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11096000 USD
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5473000 USD
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-2209000 USD
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20790000 USD
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32834000 USD
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374000 USD
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461000 USD
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571000 USD
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24963000 USD
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56480000 USD
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18421000 USD
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45934000 USD
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29334000 USD
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28519000 USD
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960000 USD
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11441000 USD
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3440000 USD
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3601000 USD
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1179000 USD
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69016000 USD
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150578000 USD
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45700000 USD
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0 USD
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27541000 USD
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12757000 USD
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18113000 USD
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12762000 USD
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2827000 USD
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3831000 USD
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3180000 USD
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0 USD
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37930000 USD
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13409000 USD
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14610000 USD
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440420000 USD
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0 USD
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1
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1
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1
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2200000 USD
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2600000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
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2800000 USD
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52742000 USD
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61399000 USD
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72748000 USD
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45087000 USD
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35191000 USD
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40743000 USD
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29964000 USD
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4334000 USD
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5227000 USD
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0.0326
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38330000 USD
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86332000 USD
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32791000 USD
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61080000 USD
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5529000 USD
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25252000 USD
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4200000 USD
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23100000 USD
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72025000 USD
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78044000 USD
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83861000 USD
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20528000 USD
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21975000 USD
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1601000 USD
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1150000 USD
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0.05
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2.12
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0.59
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0.85
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0.30
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1.53
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1.67
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1.44
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0.71
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0.05
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2.10
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0.58
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0.84
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0.29
CY2016 us-gaap Earnings Per Share Diluted
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1.52
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0.268
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0.248
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0.152
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.35
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0.35
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7278000 USD
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3940000 USD
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2955000 USD
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163905000 USD
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206251000 USD
CY2015Q3 us-gaap Equity Method Investments
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132002000 USD
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141148000 USD
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-2146000 USD
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-3547000 USD
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-414000 USD
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-881000 USD
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CY2014 us-gaap Excise And Sales Taxes
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57344000 USD
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53260000 USD
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40215000 USD
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6200000 USD
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7800000 USD
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151375000 USD
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139452000 USD
CY2014 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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6351000 USD
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145687000 USD
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
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183278000 USD
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227275000 USD
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10532000 USD
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13409000 USD
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9515000 USD
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-2589000 USD
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-6663000 USD
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-4534000 USD
CY2014 us-gaap Income Tax Expense Benefit
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51840000 USD
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59724000 USD
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IncomeTaxExpenseBenefit
23530000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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67834000 USD
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84239000 USD
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54321000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
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-4437000 USD
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-5149000 USD
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-218000 USD
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-3059000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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7785000 USD
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8233000 USD
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6044000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits
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23083000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits
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30096000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
32491000 USD
CY2014 us-gaap Income Taxes Paid Net
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22447000 USD
CY2015 us-gaap Income Taxes Paid Net
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28790000 USD
CY2016 us-gaap Income Taxes Paid Net
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-3516000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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34716000 USD
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-14714000 USD
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-15656000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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-48032000 USD
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-32529000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-11303000 USD
CY2014 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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1562000 USD
CY2015 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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3825000 USD
CY2016 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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4375000 USD
CY2014 us-gaap Increase Decrease In Customer Deposits
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-2058000 USD
CY2015 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-1545000 USD
CY2016 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
12044000 USD
CY2014 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
14000 USD
CY2015 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
202000 USD
CY2016 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-411000 USD
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IncreaseDecreaseInInventories
-43130000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-114638000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
45986000 USD
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IncreaseDecreaseInOperatingCapital
-85480000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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CY2016 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
123325000 USD
CY2014 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-47528000 USD
CY2015 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-54525000 USD
CY2016 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-11963000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
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-10484000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2015 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
27841000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
21336000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4216000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14038000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3353000 USD
CY2014 us-gaap Increase Decrease In Payables To Broker Dealers
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-20758000 USD
CY2015 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
18452000 USD
CY2016 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-38752000 USD
CY2014 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
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-13015000 USD
CY2015 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
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-18979000 USD
CY2016 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
39642000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-88000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1499000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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InterestExpense
25463000 USD
CY2015 us-gaap Interest Expense
InterestExpense
27721000 USD
CY2016 us-gaap Interest Expense
InterestExpense
31044000 USD
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22458000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
24208000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
31996000 USD
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InvestmentIncomeInterest
1222000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
580000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
128000 USD
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3284357000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3727082000 USD
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436100000 USD
CY2016Q3 us-gaap Liabilities Current
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571608000 USD
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897706000 USD
CY2016Q3 us-gaap Liabilities Noncurrent
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925333000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
843595000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1063550000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11138000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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61452000 USD
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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253178000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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358149000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
390947000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
358149000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
390947000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
142630000 USD
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141970000 USD
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CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLoss
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CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
4197000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
180960000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
50281000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2016Q3 us-gaap Net Income Loss
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25400000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
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36200000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
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39500000 USD
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OperatingExpenses
3536955000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
2485536000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
1713370000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
201190000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6257000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
248451000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
59451000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
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CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
42480000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
167535000 USD
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OperatingLeasesFutureMinimumPaymentsDueThereafter
33200000 USD
CY2015Q3 us-gaap Other Assets Current
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CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
35419000 USD
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CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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OtherComprehensiveIncomeLossNetOfTax
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3800000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3250000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
5496000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3574000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
2162000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3688000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
2466000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2187000 USD
CY2015 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
6805000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-426000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1135000 USD
CY2016Q3 us-gaap Other Receivables From Broker Dealers And Clearing Organizations
OtherReceivablesFromBrokerDealersAndClearingOrganizations
47644000 USD
CY2014 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
4396000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-105000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
93000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-61000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
56000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1603000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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OtherCostAndExpenseOperating
215180000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
209453000 USD
CY2016 us-gaap Other Cost And Expense Operating
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208421000 USD
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7138000 USD
CY2016Q3 us-gaap Other Inventory
OtherInventory
10778000 USD
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8476000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9702000 USD
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OtherNonoperatingIncomeExpense
7551000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6545000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9196000 USD
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OtherPayablesToBrokerDealersAndClearingOrganizations
4103000 USD
CY2016Q3 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
CY2016 us-gaap Payments For Environmental Liabilities
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8106000 USD
CY2014 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
24312000 USD
CY2015 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
28078000 USD
CY2016 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
29066000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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5522000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10589000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1008000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
70664000 USD
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76532000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
82445000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2014 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
555000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5780000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11176000 USD
CY2014 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
555000 USD
CY2015 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
5780000 USD
CY2016 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
11176000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
128254000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
140797000 USD
CY2014 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
135543000 USD
CY2015 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
151002000 USD
CY2016 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
149063000 USD
CY2014 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1179000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
209000 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1896000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176067000 USD
CY2014 us-gaap Pension And Other Postretirement Benefit Contributions
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4953000 USD
CY2015 us-gaap Pension And Other Postretirement Benefit Contributions
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5778000 USD
CY2016 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
33359000 USD
CY2015Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
137414000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
141604000 USD
CY2015Q3 us-gaap Prepaid Taxes
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36810000 USD
CY2016Q3 us-gaap Prepaid Taxes
PrepaidTaxes
34179000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts After Year Five
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2331000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts Next Twelve Months
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234000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts Year Five1
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337000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts Year Four1
PrescriptionDrugSubsidyReceiptsYearFour1
306000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts Year Three1
PrescriptionDrugSubsidyReceiptsYearThree1
276000 USD
CY2016Q3 us-gaap Prescription Drug Subsidy Receipts Year Two1
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256000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1150000 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2620000 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2351000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15373000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37299000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16010000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
275000000 USD
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CY2015 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
55350000 USD
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities
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0 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2014 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2015 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
3016000 USD
CY2016 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6010000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
748000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1200000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
724000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2014 us-gaap Property Plant And Equipment Additions
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289288000 USD
CY2015 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
320086000 USD
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
356092000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
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2622285000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
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2955130000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
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2128261000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2407652000 USD
CY2015Q3 us-gaap Property Plant And Equipment Other
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481003000 USD
CY2016Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
631696000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2504000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2859000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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1616000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
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437097000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
467702000 USD
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
155553000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
122268000 USD
CY2014 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0244
CY2015 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0231
CY2016 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0232
CY2015Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
1908024000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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2107375000 USD
CY2016Q3 us-gaap Purchase Obligation Due After Fifth Year
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735787000 USD
CY2016Q3 us-gaap Purchase Obligation Due In Fifth Year
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94463000 USD
CY2016Q3 us-gaap Purchase Obligation Due In Fourth Year
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106268000 USD
CY2016Q3 us-gaap Purchase Obligation Due In Next Twelve Months
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499483000 USD
CY2016Q3 us-gaap Purchase Obligation Due In Second Year
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249604000 USD
CY2016Q3 us-gaap Purchase Obligation Due In Third Year
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170845000 USD
CY2016Q3 us-gaap Ratio Of Indebtedness To Net Capital1
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0.532
CY2014 us-gaap Regulated And Unregulated Operating Revenue
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3738145000 USD
CY2014Q4 us-gaap Regulated And Unregulated Operating Revenue
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824124000 USD
CY2015Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1013090000 USD
CY2015Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
458467000 USD
CY2015Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
438306000 USD
CY2015 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2733987000 USD
CY2015Q4 us-gaap Regulated And Unregulated Operating Revenue
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CY2016 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;color:#000000;text-decoration:none;">521,200</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:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Clean Energy Ventures Corporation, the Company&#8217;s clean energy subsidiary, comprises the Clean Energy Ventures segment and consists of the Company&#8217;s capital investments in commercial and residential solar projects located throughout New Jersey and onshore wind investments in Montana, Iowa, Kansas, Wyoming and Pennsylvania;</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 in the U.S. and Canada;</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&#8217;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 located in Pennsylvania, </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">and NJR Pipeline Company, which holds the Company&#8217;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.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">During fiscal 2015 and 2014, NJR Midstream Holdings Corporation, </font><font style="font-family:inherit;font-size:10pt;">through its subsidiary, NJNR Pipeline Company, also held the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">5.53 percent</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in Iroquois Gas Transmission L.P. </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">On </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">September&#160;29, 2015</font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">, NJNR Pipeline Company exchanged</font><font style="font-family:inherit;font-size:10pt;"> its ownership interest in Iroquois to Dominion Midstream Partners, L.P. for approximately </font><font style="font-family:inherit;font-size:10pt;">1.84 million</font><font style="font-family:inherit;font-size:10pt;"> DM Common Units. Steckman Ridge, PennEast and DM comprise the Midstream segment. See </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 6</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment in Equity Investees </font><font style="font-family:inherit;font-size:10pt;">for more information; 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>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;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;">The preparation of financial statements in conformity with GAAP requires NJR to make estimates that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingencies during the reporting period. On a monthly basis, NJR evaluates its estimates, including those related to the calculation of the fair value of derivative instruments, debt, unbilled revenues, allowance for doubtful accounts, provisions for depreciation and amortization, regulatory assets and liabilities, income taxes, pensions and other postemployment benefits, contingencies related to environmental matters and litigation. AROs are evaluated as often as needed. NJR&#8217;s estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.</font></div><div style="line-height:120%;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 has legal, regulatory and environmental proceedings during the normal course of business that can result in loss contingencies. When evaluating the potential for a loss, NJR will establish a reserve if a loss is probable and can be reasonably estimated, in which case it is NJR&#8217;s policy to accrue the full amount of such estimates. Where the information is sufficient only to establish a range of probable liability, and no point within the range is more likely than any other, it is NJR&#8217;s policy to accrue the lower end of the range. In the normal course of business, estimated amounts are subsequently adjusted to actual results that may differ from estimates.</font></div></div>

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