NATIONAL FUEL GAS COMPANY NFG Balance Sheet

National fuel gas company (NFG)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Sep'09
ASSETS
Property, Plant and Equipment
11,559	11,402	11,204	10,988	10,788	10,604	10,439	10,254	10,126	10,023	9,945	9,816	9,704	9,620	9,539	9,460	9,451	9,311	9,261	8,937	8,691	8,452	8,245	7,951	7,689	7,468	7,313	7,102	6,954	6,791	6,615	6,438	6,180	5,922	5,646	5,392	6,019	5,837	5,637	5,518	5,184
Less - Accumulated Depreciation, Depletion and Amortization
6,003	5,756	5,695	5,636	5,573	5,520	5,462	5,411	5,344	5,294	5,271	5,232	5,185	5,133	5,085	5,012	4,879	4,428	3,929	3,455	2,794	2,598	2,502	2,413	2,325	2,242	2,161	2,088	2,007	1,935	1,876	1,817	1,750	1,694	1,646	1,607	2,285	2,236	2,187	2,164	2,051
Property, Plant and Equipment, Net, Total
5,555	5,646	5,509	5,352	5,215	5,083	4,977	4,843	4,782	4,729	4,674	4,583	4,519	4,486	4,454	4,447	4,572	4,882	5,331	5,481	5,896	5,853	5,743	5,537	5,363	5,225	5,151	5,014	4,946	4,856	4,739	4,620	4,430	4,227	4,000	3,784	3,734	3,601	3,450	3,353	3,133
Current Assets
Cash and Temporary Cash Investments
111	34	20	87	100	109	229	313	227	166	555	285	231	136	129	105	93	36	113	310	69	43	36	102	150	23	64	134	112	61	74	140	192	224	80	184	144	79	397	458	408
Cash Held in Escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2	2
Hedging Collateral Deposits
10	9	6	6	1	2	3	2	3	4	1	2	1	0	1	3	9	9	11	11	15	13	2	0	0	0	1	0	0	0	0	3	18	25	19	37	61	31	11	8	0
Receivables - Net of Allowance for Uncollectible Accounts of $29,627 and $25,788, Respectively
172	-	139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled Revenue
44	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables – Net of Allowance for Uncollectible Accounts of $26,717and $25,788, Respectively
-	158	-	178	235	192	141	151	198	161	112	127	171	161	133	140	137	211	105	135	207	166	149	202	267	164	133	165	203	143	115	113	168	152	131	165	227	147	132	143	144
Unbilled Revenue
-	58	-	18	60	74	24	18	60	74	22	19	52	59	18	14	35	40	20	18	56	69	25	22	83	80	19	13	41	47	19	12	31	47	17	13	48	59	20	12	18
Gas Stored Underground
8	29	36	17	6	30	37	16	6	24	35	17	9	23	34	15	8	28	34	16	7	25	39	20	3	36	51	22	14	44	49	24	16	50	54	22	11	47	48	27	55
Materials and Supplies - at average cost
48	40	40	39	37	34	35	34	34	35	33	34	34	34	33	33	33	32	30	31	31	28	27	25	25	27	29	31	31	29	28	28	28	27	27	28	31	31	24	32	24
Unrecovered Purchased Gas Costs
0	1	2	0	5	8	4	0	0	7	4	3	4	3	2	0	1	-	0	-	-	-	-	0	1	9	12	-	-	-	0	2	-	3	-	-	-	-	-	-	-
Other Current Assets
100	96	97	56	57	69	68	52	60	47	51	50	51	49	59	47	56	66	60	49	59	68	54	49	54	45	56	46	51	49	56	48	40	43	64	44	58	107	115	42	68
Deferred Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	39	36	40	47	39	23	79	15	34	19	10	14	20	14	15	22	34	20	24	32	53
Total Current Assets
496	430	362	403	506	522	544	588	592	521	818	542	556	467	413	361	376	424	375	611	486	452	377	469	626	409	448	429	489	394	355	388	516	589	411	520	620	525	775	761	776
Other Assets
Recoverable Future Taxes
115	116	115	113	113	114	115	115	115	116	181	182	179	179	177	172	172	172	168	168	163	164	163	162	161	162	163	152	150	152	150	147	146	145	144	151	152	150	149	138	138
Unamortized Debt Expense
13	13	14	14	14	15	15	7	7	8	1	1	1	1	1	1	1	2	2	17	13	13	2	14	15	16	16	17	17	12	13	13	14	14	10	11	11	12	12	13	14
Other Regulatory Assets
161	165	167	107	108	111	112	171	171	174	174	315	314	323	320	269	270	275	278	215	217	222	224	241	244	257	252	556	556	551	546	481	504	570	484	524	529	534	542	518	530
Deferred Charges
56	56	33	33	39	42	40	37	36	34	30	28	26	22	20	17	17	16	15	12	10	12	14	10	9	9	9	8	7	6	7	5	7	4	5	4	5	10	9	6	2
Other Investments
137	141	144	137	135	129	132	130	123	123	125	126	117	114	110	111	104	108	92	89	88	87	86	87	85	99	96	93	92	90	86	84	85	81	79	84	83	80	77	76	78
Investments in Unconsolidated Subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	13	14	14	14
Goodwill
5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Prepaid Post-Retirement Benefit Costs
71	64	60	88	86	84	82	61	59	57	56	18	18	17	17	27	26	25	24	46	43	39	36	29	28	24	22	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	21
Fair Value of Derivative Financial Instruments
94	40	48	36	11	34	9	11	18	21	36	63	64	42	113	126	253	277	270	242	301	293	72	28	25	53	48	65	6	37	27	85	121	106	76	43	37	46	65	41	44
Other
0	21	0	42	42	42	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	2	2	0	0	1	2	2	2	2	1	1	1	1	0	6
Total Other Assets
656	-	590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Assets
-	625	-	580	556	580	514	541	538	541	610	741	728	707	768	732	852	883	857	796	844	839	607	581	576	629	617	900	838	857	839	827	888	930	808	827	829	855	880	834	858
Assets
6,708	6,702	6,462	6,336	6,278	6,186	6,036	5,974	5,914	5,791	6,103	5,867	5,804	5,661	5,636	5,541	5,801	6,190	6,564	6,889	7,227	7,145	6,728	6,588	6,567	6,264	6,218	6,343	6,274	6,108	5,935	5,836	5,835	5,747	5,221	5,133	5,183	4,981	5,105	4,949	4,769
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock, $1 Par Value Authorized - 200,000,000 Shares; Issued and Outstanding - 86,561,532 Shares and 86,315,287 Shares, Respectively
86	86	86	86	86	86	85	85	85	85	85	85	85	85	85	84	84	84	84	84	84	84	84	84	83	83	83	83	83	83	83	83	83	83	82	82	82	82	82	81	80
Paid in Capital
835	831	832	827	821	817	820	816	810	800	796	790	782	775	771	761	756	748	744	746	737	729	716	710	703	695	687	686	676	673	669	666	660	654	650	644	645	643	645	644	602
Earnings Reinvested in the Business
1,176	1,320	1,272	1,262	1,236	1,172	1,098	1,097	1,070	1,014	851	841	817	762	676	673	699	880	1,103	1,324	1,650	1,666	1,614	1,589	1,557	1,493	1,442	1,426	1,398	1,343	1,306	1,287	1,275	1,237	1,206	1,198	1,180	1,093	1,063	1,053	948
Total Common Shareholders' Equity Before Items of Other Comprehensive Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	-	2,037	2,018	1,974	1,939	1,925	1,909	1,819	1,790	1,779	1,631
Accumulated Other Comprehensive Loss
-18	-56	-52	-32	-54	-28	-67	-72	-47	-40	-30	-33	-34	-54	-5	7	82	98	93	92	126	122	-3	-43	-45	-22	-19	-58	-117	-84	-99	-47	-51	-53	-47	-75	-92	-64	44	-38	-42
Total Comprehensive Shareholders’ Equity
2,079	2,182	2,139	2,143	2,090	2,046	1,937	1,927	1,919	1,859	1,703	1,684	1,651	1,568	1,527	1,527	1,622	1,812	2,025	2,247	2,599	2,603	2,410	2,340	2,299	2,250	2,194	2,137	2,042	2,016	1,960	1,989	1,966	1,921	1,891	1,850	1,816	1,754	1,745	1,741	1,589
Long-Term Debt, Net of Current Portion and Unamortized Discount and Debt Issuance Costs
2,134	2,134	2,133	2,133	2,132	2,131	2,131	1,835	2,085	2,084	2,083	1,787	2,087	2,086	2,086	2,085	2,085	2,084	2,084	2,099	1,649	1,649	1,637	1,649	1,649	1,649	1,649	1,649	1,649	1,149	1,149	1,149	1,149	1,399	899	899	899	899	1,049	1,049	1,249
Total Capitalization
4,214	4,316	4,272	4,276	4,222	4,178	4,068	3,762	4,004	3,944	3,787	3,472	3,738	3,655	3,613	3,613	3,707	3,897	4,109	4,346	4,248	4,252	4,048	3,989	3,948	3,899	3,843	3,786	3,691	3,165	3,109	3,138	3,115	3,320	2,790	2,749	2,715	2,653	2,794	2,790	2,838
Liabilities
Current and Accrued Liabilities
Notes Payable to Banks and Commercial Paper
230	139	55	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31	0	0	157	172	85	0	0	0	0	0	0	238	171	70	20	20	40	-	0	20	0	0	0
Current Portion of Long-Term Debt
0	0	0	0	0	0	0	250	0	0	300	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	250	250	250	250	0	150	150	150	150	200	200	0
Accounts Payable
106	126	132	112	141	127	160	111	127	132	126	98	111	113	108	86	111	126	180	137	168	125	136	145	153	121	105	77	95	94	87	88	98	105	126	95	122	181	89	106	90
Amounts Payable to Customers
17	3	4	14	15	0	3	16	12	0	0	13	19	3	19	35	42	45	56	44	44	35	33	32	24	8	12	12	18	15	19	17	17	11	15	25	25	23	38	51	105
Dividends Payable
37	37	37	37	36	36	36	36	35	35	35	35	34	34	34	34	33	33	33	33	32	32	32	32	31	31	31	31	30	0	30	30	29	29	29	29	28	28	28	28	26
Interest Payable on Long-Term Debt
18	29	18	29	18	30	19	28	26	27	35	28	34	28	34	28	34	30	36	18	29	18	29	18	29	18	29	18	30	16	29	16	29	16	25	15	25	15	30	17	32
Customer Advances
0	13	13	0	0	7	13	0	0	18	15	0	0	13	14	0	0	23	16	0	0	20	19	0	0	18	21	0	0	22	24	0	0	25	19	1	2	27	27	1	24
Customer Security Deposits
14	15	16	16	18	23	25	18	18	22	20	17	17	16	16	16	16	16	16	18	18	16	15	16	15	15	16	16	17	18	17	16	17	17	17	17	18	18	18	18	17
Other Accruals and Current Liabilities
150	173	139	180	195	191	132	161	147	121	111	107	106	88	74	72	104	95	96	157	179	137	136	154	235	102	83	109	140	103	79	160	197	146	108	133	160	30	71	65	18
Fair Value of Derivative Financial Instruments
7	6	5	4	5	2	49	38	11	6	1	0	1	7	1	2	9	7	10	9	13	11	0	28	22	7	0	2	41	13	24	16	66	48	9	44	70	34	20	2	2
Total Current and Accrued Liabilities
583	546	421	395	432	419	440	661	379	365	646	602	325	306	303	276	352	411	446	419	644	570	490	427	513	324	302	269	373	772	734	667	726	420	542	513	603	531	524	490	318
Deferred Credits
Deferred Income Taxes
777	708	653	647	618	598	512	491	482	453	891	881	837	803	823	807	844	999	1,137	1,328	1,563	1,580	1,456	1,409	1,352	1,318	1,347	1,237	1,179	1,126	1,065	1,062	1,040	991	955	919	886	821	800	735	663
Taxes Refundable to Customers
360	361	366	366	365	366	370	366	365	366	95	93	93	93	93	91	93	94	89	95	90	90	91	90	90	84	85	65	65	66	66	65	65	65	65	70	69	69	69	67	67
Unamortized Investment Tax Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	3	3	3	3
Cost of Removal Regulatory Liability
224	222	221	218	215	214	212	213	207	205	204	199	196	195	193	191	189	184	184	180	178	175	173	166	165	163	157	151	149	147	139	148	146	144	135	133	131	125	124	123	105
Other Regulatory Liabilities
157	148	142	159	156	150	146	128	124	118	113	88	91	104	99	102	101	113	108	126	119	96	81	90	94	69	61	33	31	22	21	39	37	100	17	92	88	88	89	86	120
Pension and Other Post-Retirement Liabilities
126	129	133	53	49	40	66	138	133	125	149	299	291	272	277	222	216	205	202	144	137	126	134	152	145	139	158	511	500	514	516	481	472	467	481	435	434	433	446	420	415
Asset Retirement Obligations
128	128	127	104	104	104	108	101	106	106	106	115	114	113	112	114	171	158	156	119	119	118	117	121	120	120	119	126	125	123	119	78	77	76	75	65	102	100	101	92	91
Other Deferred Credits
134	140	122	114	112	113	111	110	109	106	109	115	115	116	119	120	122	125	128	128	126	133	133	137	135	143	141	160	155	166	161	153	150	156	153	150	147	154	151	139	144
Total Deferred Credits
1,909	1,839	1,767	1,663	1,622	1,588	1,527	1,549	1,530	1,482	1,669	1,793	1,740	1,699	1,719	1,651	1,740	1,881	2,009	2,123	2,335	2,322	2,189	2,170	2,105	2,040	2,072	2,288	2,210	2,170	2,091	2,031	1,993	2,006	1,887	1,870	1,864	1,796	1,786	1,668	1,612
Commitments and Contingencies (Note 8)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Total Capitalization and Liabilities
6,708	6,702	6,462	6,336	6,278	6,186	6,036	5,974	5,914	5,791	6,103	5,867	5,804	5,661	5,636	5,541	5,801	6,190	6,564	6,889	7,227	7,145	6,728	6,588	6,567	6,264	6,218	6,343	6,274	6,108	5,935	5,836	5,835	5,747	5,221	5,133	5,183	4,981	5,105	4,949	4,769