2018 Form 10-K Financial Statement

#000035630918000139 Filed on November 20, 2018

View on sec.gov

Income Statement

Concept 2018 2017 Q3 2017 Q2
Revenue $2.915B $536.5M $457.5M
YoY Change 28.5% 14.34% 16.36%
Cost Of Revenue $1.991B $471.4M $349.2M
YoY Change 38.57% 38.16% 3.84%
Gross Profit $924.3M $65.10M $108.3M
YoY Change 11.11% -49.14% 90.33%
Gross Profit Margin 31.71% 12.13% 23.67%
Selling, General & Admin $51.80M $2.500M $5.200M
YoY Change 12.36% 19.05% -18.75%
% of Gross Profit 5.6% 3.84% 4.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.57M $21.50M $20.76M
YoY Change -6.44% 8.59% 11.19%
% of Gross Profit 8.28% 33.03% 19.17%
Operating Expenses $2.715B $97.20M $439.6M
YoY Change 29.46% 13.55% 4.27%
Operating Profit $209.0M -$32.05M $17.97M
YoY Change 22.07% -175.45% -163.42%
Interest Expense $46.29M -$11.70M $11.16M
YoY Change 3.12% 28.57% 43.37%
% of Operating Profit 22.15% 62.14%
Other Income/Expense, Net $13.05M $2.100M $3.273M
YoY Change 27.2% -25.0% 41.93%
Pretax Income $175.8M -$41.70M $10.08M
YoY Change 28.68% -215.51% -129.8%
Income Tax -$42.23M -$1.800M -$5.816M
% Of Pretax Income -24.03% -57.72%
Net Earnings $231.0M -$36.52M $18.96M
YoY Change 74.92% -243.79% -209.18%
Net Earnings / Revenue 7.92% -6.81% 4.14%
Basic Earnings Per Share $2.63 -$0.42 $0.22
Diluted Earnings Per Share $2.62 -$0.42 $0.22
COMMON SHARES
Basic Shares Outstanding 87.69M shares 86.54M shares 86.41M shares
Diluted Shares Outstanding 88.32M shares 87.27M shares

Balance Sheet

Concept 2018 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $2.200M $62.20M
YoY Change -31.82% -94.13% -34.39%
Cash & Equivalents $1.500M $2.226M $62.16M
Short-Term Investments
Other Short-Term Assets $359.8M $33.26M $35.44M
YoY Change 120.6% -6.1% 3.01%
Inventory $198.5M $214.0M $213.0M
Prepaid Expenses
Receivables $199.8M $191.3M $162.2M
Other Receivables $10.40M $0.00 $0.00
Total Short-Term Assets $770.1M $579.4M $637.6M
YoY Change 32.91% -4.58% 5.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.651B $2.610B $2.557B
YoY Change 1.58% 8.39% 10.98%
Goodwill
YoY Change
Intangibles $41.08M
YoY Change
Long-Term Investments $223.8M $172.6M $166.5M
YoY Change -6.08% 22.27% 19.76%
Other Assets $435.9M $74.82M $62.36M
YoY Change 3.91% 24.29% -10.66%
Total Long-Term Assets $3.374B $739.3M $683.4M
YoY Change 0.73% 5.07% -5.61%
TOTAL ASSETS
Total Short-Term Assets $770.1M $579.4M $637.6M
Total Long-Term Assets $3.374B $739.3M $683.4M
Total Assets $4.144B $3.929B $3.878B
YoY Change 5.48% 5.65% 6.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $347.7M $96.88M $88.60M
YoY Change 34.72% -9.62% 25.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $152.0M $266.0M $263.4M
YoY Change -42.86% 118.57% 7.68%
Long-Term Debt Due $123.5M $165.4M $186.3M
YoY Change -25.33% 168.94% 1534.21%
Total Short-Term Liabilities $751.0M $802.9M $775.9M
YoY Change -6.46% 40.47% 29.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.181B $997.1M $897.7M
YoY Change 18.4% -5.49% -7.24%
Other Long-Term Liabilities $546.7M $9.988M $9.636M
YoY Change 46.61% 2.95% 4.48%
Total Long-Term Liabilities $1.727B $891.9M $919.7M
YoY Change 26.08% -3.62% 3.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $751.0M $802.9M $775.9M
Total Long-Term Liabilities $1.727B $891.9M $919.7M
Total Liabilities $2.725B $1.695B $1.696B
YoY Change 1.22% 13.22% 13.49%
SHAREHOLDERS EQUITY
Retained Earnings $868.0M $928.1M
YoY Change 5.14% 12.89%
Common Stock $442.0M $441.6M
YoY Change 1.08% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.04M $74.15M
YoY Change -13.58% -10.39%
Treasury Stock Shares 2.347M shares 2.434M shares
Shareholders Equity $1.419B $1.115B $1.285B
YoY Change
Total Liabilities & Shareholders Equity $4.144B $3.929B $3.878B
YoY Change 5.48% 5.65% 6.75%

Cashflow Statement

Concept 2018 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $231.0M -$36.52M $18.96M
YoY Change 74.92% -243.79% -209.18%
Depreciation, Depletion And Amortization $76.57M $21.50M $20.76M
YoY Change -6.44% 8.59% 11.19%
Cash From Operating Activities $398.3M $24.90M $51.30M
YoY Change 60.57% -45.87% -339.72%
INVESTING ACTIVITIES
Capital Expenditures $206.9M -$80.20M -$66.50M
YoY Change 43.56% -18.16% -17.6%
Acquisitions
YoY Change
Other Investing Activities -$36.10M -$67.20M -$20.80M
YoY Change -62.4% 585.71% 530.3%
Cash From Investing Activities -$373.1M -$147.4M -$87.40M
YoY Change -4.82% 36.61% 4.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$17.14M
YoY Change 53.87%
Debt Paid & Issued, Net $165.5M
YoY Change 69.12%
Cash From Financing Activities -$25.96M 62.50M 5.500M
YoY Change -124.19% 1258.7% -97.23%
NET CHANGE
Cash From Operating Activities $398.3M 24.90M 51.30M
Cash From Investing Activities -$373.1M -147.4M -87.40M
Cash From Financing Activities -$25.96M 62.50M 5.500M
Net Change In Cash -$759.0K -60.00M -30.60M
YoY Change -97.93% 4.71% -132.94%
FREE CASH FLOW
Cash From Operating Activities $398.3M $24.90M $51.30M
Capital Expenditures $206.9M -$80.20M -$66.50M
Free Cash Flow $191.4M $105.1M $117.8M
YoY Change 84.15% -27.01% 98.65%

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601329000 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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653442000 USD
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-12610000 USD
CY2017Q3 us-gaap Additional Collateral Aggregate Fair Value
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8600000 USD
CY2018Q3 us-gaap Additional Collateral Aggregate Fair Value
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33000 USD
CY2017Q3 us-gaap Additional Paid In Capital Common Stock
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219696000 USD
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3435000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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9111000 USD
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
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5181000 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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5704000 USD
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0 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
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5 acre
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56400 sqft
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403000 USD
CY2017 us-gaap Asset Retirement Obligation Cash Paid To Settle
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484000 USD
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298000 USD
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31420000 USD
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28688000 USD
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Assets
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0 USD
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206905000 USD
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739322000 USD
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722535000 USD
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28200000 USD
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5400000 USD
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5300000 USD
CY2017Q3 us-gaap Available For Sale Securities Noncurrent
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65800000 USD
CY2017Q3 us-gaap Available For Sale Securities Noncurrent
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65752000 USD
CY2018Q3 us-gaap Available For Sale Securities Noncurrent
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32917000 USD
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32900000 USD
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48881000 USD
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21769000 USD
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2233723000 USD
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2599597000 USD
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4928000 USD
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37546000 USD
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2226000 USD
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1458000 USD
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32618000 USD
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-35320000 USD
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USD
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0.975
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1.0375
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1.11
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2.5
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2.5
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150000000 shares
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150000000 shares
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125911000 USD
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143964000 USD
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227358000 USD
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280004000 USD
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7286000 USD
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45690000 USD
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205034000 USD
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258687000 USD
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276005000 USD
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1139301000 USD
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1436740000 USD
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1990832000 USD
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2470000 USD
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4563000 USD
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26957000 USD
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27325000 USD
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571000 USD
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781000 USD
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514708000 USD
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242436000 USD
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27728000 USD
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9104000 USD
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11441000 USD
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11457000 USD
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3877000 USD
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0 USD
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28487000 USD
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24500000 USD
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23597000 USD
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34754000 USD
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11098000 USD
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6260000 USD
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16643000 USD
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7826000 USD
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620850000 USD
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392886000 USD
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4035000 USD
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1156000 USD
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1
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1
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1
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2800000 USD
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2900000 USD
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3900000 USD
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72748000 USD
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81841000 USD
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85701000 USD
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9164000 USD
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10560000 USD
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46544000 USD
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46652000 USD
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11330000 USD
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22982000 USD
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8700000 USD
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124000 USD
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83861000 USD
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97579000 USD
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23586000 USD
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25824000 USD
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1152000 USD
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1150000 USD
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0.22
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2.66
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1.52
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0.40
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1.32
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0.22
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1.52
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1.42
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1.59
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0.152
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-0.16
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-0.18
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2.64
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0.122
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-0.2994
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0.35
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0.245
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2955000 USD
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2372000 USD
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3734000 USD
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202063000 USD
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184633000 USD
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172585000 USD
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190866000 USD
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-3547000 USD
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-4788000 USD
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-13755000 USD
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-1755000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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-1285000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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-2950000 USD
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40215000 USD
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49366000 USD
CY2018 us-gaap Excise And Sales Taxes
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52102000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Current
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8900000 USD
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10400000 USD
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77000 USD
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8424000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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2271000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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2561000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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4604000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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4925000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
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7287000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
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5332000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2018 us-gaap Gain Loss On Sale Of Business
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4663000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties
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1900000 USD
CY2017Q3 us-gaap Gas Purchase Payable Current
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160115000 USD
CY2018Q3 us-gaap Gas Purchase Payable Current
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211303000 USD
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145687000 USD
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136595000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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166643000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
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9515000 USD
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13813000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
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13008000 USD
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-4534000 USD
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462000 USD
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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1725000 USD
CY2016 us-gaap Income Tax Expense Benefit
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23530000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18343000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
54321000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
52643000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
44014000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-5738000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-6886000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-5829000 USD
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IncomeTaxReconciliationOtherAdjustments
-1528000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2742000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-843000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6044000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8222000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7092000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
32491000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
34526000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
21446000 USD
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IncomeTaxesPaidNet
-3516000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6877000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5577000 USD
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IncreaseDecreaseInAccountsPayable
-15656000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13086000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
40422000 USD
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IncreaseDecreaseInAccountsReceivable
-11303000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
56974000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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4375000 USD
CY2017 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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3867000 USD
CY2018 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
5531000 USD
CY2016 us-gaap Increase Decrease In Customer Deposits
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12044000 USD
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IncreaseDecreaseInCustomerDeposits
-5877000 USD
CY2018 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
368000 USD
CY2016 us-gaap Increase Decrease In Due To Related Parties Current
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-411000 USD
CY2017 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
2000 USD
CY2018 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-1000 USD
CY2016 us-gaap Increase Decrease In Inventories
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45986000 USD
CY2017 us-gaap Increase Decrease In Inventories
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-3022000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-15464000 USD
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123325000 USD
CY2017 us-gaap Increase Decrease In Operating Capital
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-17081000 USD
CY2018 us-gaap Increase Decrease In Operating Capital
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-11963000 USD
CY2017 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
20663000 USD
CY2018 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
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-3933000 USD
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-13978000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets
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IncreaseDecreaseInOtherNoncurrentLiabilities
21336000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
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IncreaseDecreaseInOtherOperatingAssets
-3353000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10313000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3631000 USD
CY2016 us-gaap Increase Decrease In Payables To Broker Dealers
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-38752000 USD
CY2017 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
22570000 USD
CY2018 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
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39642000 USD
CY2017 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
90000 USD
CY2018 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
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-30439000 USD
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-979000 USD
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IncreaseDecreaseInRestrictedCash
-1322000 USD
CY2018 us-gaap Increase Decrease In Restricted Cash
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9000 USD
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InterestExpense
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InterestExpense
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InterestExpense
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InterestPaidNet
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InterestPaidNet
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InvestmentIncomeInterest
128000 USD
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InvestmentIncomeInterest
2034000 USD
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InvestmentIncomeInterest
614000 USD
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CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations
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123545000 USD
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NetCashProvidedByUsedInInvestingActivities
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OperatingExpenses
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OperatingExpenses
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingLossCarryforwardsValuationAllowance
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CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossNetOfTax
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3574000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-1520000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3487000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
573000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
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6846000 USD
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4401000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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17800000 USD
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16171000 USD
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29066000 USD
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32143000 USD
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47643000 USD
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1008000 USD
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0 USD
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82445000 USD
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0 USD
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0 USD
CY2018 us-gaap Payments To Acquire Businesses Gross
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10000000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
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11176000 USD
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PaymentsToAcquireEquityMethodInvestments
27070000 USD
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16151000 USD
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11176000 USD
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PaymentsToAcquireOtherInvestments
27070000 USD
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16151000 USD
CY2016 us-gaap Payments To Acquire Other Productive Assets
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149063000 USD
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PaymentsToAcquireOtherProductiveAssets
149400000 USD
CY2018 us-gaap Payments To Acquire Other Productive Assets
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123421000 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1896000 USD
CY2017 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2434000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176067000 USD
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
6644000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
144106000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
206880000 USD
CY2016 us-gaap Pension And Other Postretirement Benefit Contributions
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33359000 USD
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128888000 USD
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137007000 USD
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24764000 USD
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PrepaidTaxes
23047000 USD
CY2018Q3 us-gaap Prescription Drug Subsidy Receipts After Year Five
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2787000 USD
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280000 USD
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417000 USD
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PrescriptionDrugSubsidyReceiptsYearFour1
375000 USD
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PrescriptionDrugSubsidyReceiptsYearThree1
347000 USD
CY2018Q3 us-gaap Prescription Drug Subsidy Receipts Year Two1
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316000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
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27916000 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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2351000 USD
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2749000 USD
CY2018 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3117000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16010000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17492000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17136000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
275000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
225000000 USD
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
55350000 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
144300000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-114050000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6600000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6639000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6616000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
748000 USD
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
356092000 USD
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
328083000 USD
CY2018 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
384588000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
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3211070000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3304491000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
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2609741000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2018 us-gaap Nature Of Operations
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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;">1. NATURE OF THE BUSINESS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"><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:</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><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;">538,700</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:8pt;"><font style="font-family:inherit;font-size:8pt;"><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 clean energy subsidiary, comprises the Clean Energy Ventures segment and consists of the Company's capital investments in commercial and residential solar projects located throughout New Jersey and onshore wind investments in Iowa, Kansas, Wyoming and Pennsylvania. On </font><font style="font-family:inherit;font-size:10pt;">June&#160;1, 2018</font><font style="font-family:inherit;font-size:10pt;">, Clean Energy Ventures completed the sale of its membership interest in a </font><font style="font-family:inherit;font-size:10pt;">9.7</font><font style="font-family:inherit;font-size:10pt;"> MW wind farm in Two Dot, Montana. See </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 17. Dispositions</font><font style="font-family:inherit;font-size:10pt;"> for more details regarding the sale.</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><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 </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">comprises</font><font style="font-family:inherit;font-size:10pt;"> the Energy Services segment. Energy Services 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. From July 2017 through February 2018, N</font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">JR Retail Services Company </font><font style="font-family:inherit;font-size:10pt;">provided retail natural gas supply and transportation services to commercial and industrial customers in Delaware, Maryland, Pennsylvania and New Jersey as part of the Energy Services segment. NJRRS was sold to an unrelated third party on </font><font style="font-family:inherit;font-size:10pt;">February&#160;28, 2018</font><font style="font-family:inherit;font-size:10pt;">. See </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 17. Dispositions</font><font style="font-family:inherit;font-size:10pt;"> for more details regarding the sale.</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, which comprises the Midstream segment, 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 </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">ownership</font><font style="font-family:inherit;font-size:10pt;"> interest in Steckman Ridge, located in Pennsylvania; NJNR Pipeline, which holds our DM Common Units; and </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">NJR Pipeline Company, which includes Adelphia Gateway, LLC and 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</font><font style="font-family:inherit;font-size:10pt;">. See </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 6. Investments in Equity Investees</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">for more information.</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><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 Home Services Company and Commercial Realty &amp; Resources Corporation are included in Home Services and Other operations.</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><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;">Certain prior period amounts related to the amortization of acquired wholesale energy contracts on the Consolidated Statements of Cash Flows and in the deferred tax table in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 12. Income Taxes</font><font style="font-family:inherit;font-size:10pt;"> for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, were reclassified to conform to the current period presentation.</font></div></div>
CY2018 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%;text-align:justify;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"><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 the Company to make estimates that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingencies during the reporting period. On a quarterly basis or more frequently whenever events or changes in circumstances indicate a need, the Company evaluates its estimates, including those related to the calculation of the fair value of derivative instruments, debt, investments, unbilled revenues, allowance for doubtful accounts, provisions for depreciation and amortization, long-lived assets, 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. The Company&#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%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company 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, the Company will establish a reserve if a loss is probable and can be reasonably estimated, in which case it is the Company&#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 the Company&#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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