2018 Q1 Form 10-Q Financial Statement

#000112695618000028 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $813.4M $663.4M
YoY Change 22.61% 8.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.50M $38.00M
YoY Change 9.21% 12.09%
% of Gross Profit
Operating Expenses $663.3M $483.0M
YoY Change 37.33% 9.38%
Operating Profit $150.1M $180.4M
YoY Change -16.8% 7.57%
Interest Expense $25.40M $22.70M
YoY Change 11.89% 17.62%
% of Operating Profit 16.92% 12.58%
Other Income/Expense, Net -$7.600M $3.600M
YoY Change -311.11% 350.0%
Pretax Income $117.1M $161.3M
YoY Change -27.4% 8.11%
Income Tax $18.90M $53.30M
% Of Pretax Income 16.14% 33.04%
Net Earnings $98.20M $108.0M
YoY Change -9.07% 7.14%
Net Earnings / Revenue 12.07% 16.28%
Basic Earnings Per Share $2.03 $2.36
Diluted Earnings Per Share $2.03 $2.36
COMMON SHARES
Basic Shares Outstanding 48.20M 45.60M shares
Diluted Shares Outstanding 48.40M 45.70M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.80M $19.60M
YoY Change -9.18% 125.29%
Cash & Equivalents $17.80M $19.60M
Short-Term Investments
Other Short-Term Assets $12.10M $164.9M
YoY Change -92.66% 90.42%
Inventory $128.5M $146.4M
Prepaid Expenses
Receivables $388.0M $345.6M
Other Receivables $3.000M $7.800M
Total Short-Term Assets $718.3M $684.3M
YoY Change 4.97% 35.83%
LONG-TERM ASSETS
Property, Plant & Equipment $116.9M $26.60M
YoY Change 339.47% 92.75%
Goodwill $1.172B $1.164B
YoY Change 0.66% 23.03%
Intangibles
YoY Change
Long-Term Investments $66.40M $63.20M
YoY Change 5.06% 3.44%
Other Assets $81.60M $98.10M
YoY Change -16.82% 50.92%
Total Long-Term Assets $5.869B $5.572B
YoY Change 5.31% 16.0%
TOTAL ASSETS
Total Short-Term Assets $718.3M $684.3M
Total Long-Term Assets $5.869B $5.572B
Total Assets $6.587B $6.257B
YoY Change 5.28% 17.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $194.8M $218.6M
YoY Change -10.89% 71.99%
Accrued Expenses $45.80M $44.30M
YoY Change 3.39% 8.31%
Deferred Revenue $8.100M
YoY Change
Short-Term Debt $391.7M $567.4M
YoY Change -30.97% 123.74%
Long-Term Debt Due $105.5M $0.00
YoY Change
Total Short-Term Liabilities $928.0M $1.015B
YoY Change -8.6% 64.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.074B $1.925B
YoY Change 7.72% 4.68%
Other Long-Term Liabilities $70.00M $77.90M
YoY Change -10.14% 3.18%
Total Long-Term Liabilities $2.144B $2.003B
YoY Change 7.02% 4.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $928.0M $1.015B
Total Long-Term Liabilities $2.144B $2.003B
Total Liabilities $3.072B $3.019B
YoY Change 1.77% 19.14%
SHAREHOLDERS EQUITY
Retained Earnings $773.7M $655.9M
YoY Change 17.96% 9.43%
Common Stock $48.40M $45.70M
YoY Change 5.91% 5.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.154B $1.883B
YoY Change
Total Liabilities & Shareholders Equity $6.587B $6.257B
YoY Change 5.28% 17.88%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $98.20M $108.0M
YoY Change -9.07% 7.14%
Depreciation, Depletion And Amortization $41.50M $38.00M
YoY Change 9.21% 12.09%
Cash From Operating Activities $291.7M $215.8M
YoY Change 35.17% 3.01%
INVESTING ACTIVITIES
Capital Expenditures -$105.0M -$98.00M
YoY Change 7.14% 64.98%
Acquisitions
YoY Change
Other Investing Activities -$1.600M $1.000M
YoY Change -260.0% -433.33%
Cash From Investing Activities -$106.6M -$97.00M
YoY Change 9.9% 62.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -174.0M -109.8M
YoY Change 58.47% -24.64%
NET CHANGE
Cash From Operating Activities 291.7M 215.8M
Cash From Investing Activities -106.6M -97.00M
Cash From Financing Activities -174.0M -109.8M
Net Change In Cash 11.10M 9.000M
YoY Change 23.33% 119.51%
FREE CASH FLOW
Cash From Operating Activities $291.7M $215.8M
Capital Expenditures -$105.0M -$98.00M
Free Cash Flow $396.7M $313.8M
YoY Change 26.42% 16.7%

Facts In Submission

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CY2018Q1 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Dividends Common Stock Cash
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24900000 USD
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26600000 USD
CY2018Q1 us-gaap Dividends Payable Current
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28300000 USD
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2.36
us-gaap Earnings Per Share Basic
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3.35
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2.03
us-gaap Earnings Per Share Basic
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4.43
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2.36
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3.34
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2.03
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38700000 USD
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30000000 USD
CY2017Q1 us-gaap Energy Related Inventory Gas Stored Underground
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117600000 USD
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194900000 USD
CY2018Q1 us-gaap Energy Related Inventory Gas Stored Underground
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94300000 USD
CY2017Q1 us-gaap Energy Related Inventory Propane Gas
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12000000 USD
CY2017Q3 us-gaap Energy Related Inventory Propane Gas
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12000000 USD
CY2018Q1 us-gaap Energy Related Inventory Propane Gas
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12000000 USD
CY2017Q1 us-gaap Goodwill
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CY2017Q3 us-gaap Goodwill
Goodwill
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CY2018Q1 us-gaap Goodwill
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1171600000 USD
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161300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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228800000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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117100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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200000000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
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53300000 USD
us-gaap Income Tax Expense Benefit
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75600000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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18900000 USD
us-gaap Income Tax Expense Benefit
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900000 USD
us-gaap Income Taxes Paid Net
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600000 USD
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28300000 USD
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123000000 USD
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122800000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Customer Advances
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us-gaap Increase Decrease In Customer Advances
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us-gaap Increase Decrease In Deferred Gas Cost
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us-gaap Increase Decrease In Deferred Gas Cost
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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200000 shares
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InterestExpense
22700000 USD
us-gaap Interest Expense
InterestExpense
44800000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
25400000 USD
us-gaap Interest Expense
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49800000 USD
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19200000 USD
us-gaap Interest Expense Long Term Debt
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38300000 USD
CY2018Q1 us-gaap Interest Expense Long Term Debt
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21000000 USD
us-gaap Interest Expense Long Term Debt
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41700000 USD
CY2017Q1 us-gaap Interest Expense Other
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3500000 USD
us-gaap Interest Expense Other
InterestExpenseOther
6500000 USD
CY2018Q1 us-gaap Interest Expense Other
InterestExpenseOther
4400000 USD
us-gaap Interest Expense Other
InterestExpenseOther
8100000 USD
us-gaap Interest Paid Net
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41800000 USD
us-gaap Interest Paid Net
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47200000 USD
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15300000 USD
CY2017Q3 us-gaap Interest Payable Current
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14600000 USD
CY2018Q1 us-gaap Interest Payable Current
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CY2018Q1 us-gaap Liabilities And Stockholders Equity
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CY2018Q1 us-gaap Liabilities Current
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CY2017Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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1462500000 USD
CY2018Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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226100000 USD
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309600000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss Available To Common Stockholders Basic
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98000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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213700000 USD
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2018Q1 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Operating Income Loss
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CY2018Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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200000 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Operating Activities Cash Flow Statement
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3100000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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400000 USD
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200000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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500000 USD
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200000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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400000 USD
CY2018Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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200000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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500000 USD
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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Repayments Of Short Term Debt
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5403400000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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us-gaap Regulated Operating Revenue Gas
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CY2018Q1 us-gaap Regulatory Assets
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CY2017Q1 us-gaap Regulatory Assets Noncurrent
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CY2017Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2018Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2017Q1 us-gaap Regulatory Liabilities
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CY2017Q3 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2018Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2017Q1 us-gaap Regulatory Liability Noncurrent
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144100000 USD
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157200000 USD
CY2018Q1 us-gaap Regulatory Liability Noncurrent
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353100000 USD
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412500000 USD
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380300000 USD
CY2018Q1 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
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309800000 USD
CY2017 us-gaap Remaining Recovery Period Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided1
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P15Y
us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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0 USD
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614200000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
773700000 USD
CY2017Q1 us-gaap Revenues
Revenues
663400000 USD
us-gaap Revenues
Revenues
1158500000 USD
CY2018Q1 us-gaap Revenues
Revenues
813400000 USD
us-gaap Revenues
Revenues
1375200000 USD
CY2017Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
567400000 USD
CY2017Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
46700000 USD
CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
61000000 USD
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
49100000 USD
CY2017Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
11600000 USD
CY2017Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3400000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
1042100000 USD
CY2017Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
37900000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
75600000 USD
CY2018Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
41100000 USD
CY2018Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
45600000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
81400000 USD
CY2017Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
254300000 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
477300000 USD
CY2018Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
391700000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
800000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
800000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1768200000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
1883000000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
1991300000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
2153500000 USD
CY2017Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
22300000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
45100000 USD
CY2018Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
22800000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
42700000 USD
CY2017Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
438900000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
803200000 USD
CY2018Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
626400000 USD
us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
448100000 USD
CY2018Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
383700000 USD
us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
624500000 USD
CY2017Q1 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
98400000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
197800000 USD
CY2018Q1 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
143600000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
241500000 USD
CY2017Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
48300000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
81700000 USD
CY2018Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
58000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
94700000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45700000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48400000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45600000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48200000 shares

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