NEW JERSEY RESOURCES CORPORATION NJR Balance Sheet

New jersey resources corporation (NJR)

Balance Sheet / Quarterly

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 [Abstract]
PROPERTY, PLANT AND EQUIPMENT
Utility plant, at cost
2,708	2,638	2,625	2,549	2,440	2,400	2,368	2,318	2,295	2,273	2,241	2,199	2,167	2,123	2,107	2,084	1,982	1,937	1,908	1,874	1,831	1,808	1,791	1,774	1,726	1,701	1,681	1,637	1,615	1,602	1,591	1,549	1,634	1,612	1,502	1,560	1,535	1,548	1,525	1,488	1,438
Construction work in progress
315	267	237	219	243	210	192	175	134	121	119	110	108	131	122	87	150	161	155	152	157	152	139	119	135	126	114	120	127	122	102	111	-	-	92	-	-	-	-	-	-
Nonutility plant and equipment, at cost
1,350	1,247	861	784	756	749	697	665	609	848	843	819	758	747	631	610	574	569	481	455	437	376	347	321	269	261	249	230	227	221	192	185	179	173	76	51	34	32	33	30	30
Construction work in progress
176	81	62	64	43	19	45	39	52	28	7	11	31	5	93	62	57	35	77	68	61	78	55	41	36	24	9	5	2	2	20	4	-	-	34	-	-	-	-	-	-
Total property, plant and equipment
4,552	4,235	3,787	3,617	3,483	3,380	3,304	3,199	3,091	3,272	3,211	3,141	3,066	3,009	2,955	2,844	2,764	2,704	2,622	2,551	2,488	2,417	2,333	2,256	2,167	2,114	2,055	1,994	1,972	1,948	1,906	1,850	1,814	1,785	1,706	1,612	1,569	1,581	1,558	1,518	1,469
Accumulated depreciation and amortization, utility plant
576	572	585	568	555	539	530	510	507	501	489	481	475	470	467	465	453	446	437	429	422	415	409	401	395	390	383	-	-	-	402	-	-	-	-	-	-	-	-	-	-
Accumulated depreciation and amortization, nonutility plant and equipment
179	166	156	147	138	130	122	115	108	121	112	103	95	87	79	74	68	62	56	53	48	44	40	36	33	30	28	408	430	422	19	418	417	414	410	407	402	427	423	417	404
Property, plant and equipment, net
3,796	3,496	3,045	2,901	2,789	2,710	2,651	2,573	2,475	2,649	2,609	2,556	2,496	2,451	2,407	2,304	2,242	2,196	2,128	2,068	2,017	1,957	1,884	1,817	1,738	1,692	1,643	1,585	1,542	1,526	1,484	1,432	1,396	1,371	1,295	1,205	1,166	1,153	1,135	1,101	1,064
CURRENT ASSETS
Cash and cash equivalents
25	15	2	26	83	7	1	1	4	4	2	62	92	46	37	94	1	1	4	70	103	11	2	3	9	10	2	1	5	3	4	7	7	7	7	60	76	6	0	91	36
Customer accounts receivable
Billed
195	250	139	174	273	318	205	201	298	325	196	167	242	252	142	144	148	168	155	197	331	314	189	276	487	371	240	290	361	266	170	171	179	256	209	258	230	249	162	179	101
Unbilled revenues
41	63	6	7	42	55	7	7	55	70	7	6	42	47	5	6	27	19	6	6	42	48	7	7	53	56	7	6	60	53	7	6	16	33	7	7	45	79	7	8	8
Allowance for doubtful accounts
6	6	6	6	6	5	5	5	5	5	5	4	4	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5	5	5	4	4	4	4	4	4	4	3	2	3	6
Regulatory assets
56	24	32	32	17	18	18	21	15	41	50	57	43	43	54	25	32	26	24	29	34	36	26	28	18	27	34	21	25	31	32	52	80	28	17	9	14	35	51	49	5
Gas in storage, at average cost
76	186	169	132	58	241	184	136	71	203	202	201	143	220	206	159	117	189	163	117	71	269	277	219	139	283	314	280	167	315	265	215	175	292	294	248	195	366	336	277	297
Materials and supplies, at average cost
17	14	14	14	14	15	13	13	13	13	11	11	11	10	10	10	10	7	7	7	8	7	8	8	10	13	14	17	12	12	7	8	7	7	7	6	5	5	6	7	6
Prepaid expenses
9	20	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and accrued taxes
1	9	22	24	0	10	23	47	14	39	24	55	15	26	34	37	3	64	36	23	1	7	22	24	0	12	42	25	1	10	32	68	23	60	54	40	2	11	55	50	37
Derivatives, at fair value
35	48	25	28	22	55	27	23	26	46	30	24	32	50	29	40	54	58	40	38	60	142	64	52	45	34	53	65	42	45	48	54	103	119	100	59	69	103	135	86	131
Restricted broker margin accounts
23	43	73	44	60	85	53	53	59	52	25	20	23	79	47	57	34	21	12	23	44	19	27	27	38	59	6	1	42	8	21	42	66	50	22	27	39	43	19	5	26
Asset held for sale
-	-	-	0	0	207	206	206	224	-	0	0	0	7	7	-	-	-	0	-	-	-	-	0	0	0	5	5	-	-	0	-	-	-	-	1	9	1	-	-	-
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	19	14	36	21	11	12	8	22	26	10	29	6	0	0	1	7	7	-	0	0	20
Other
23	21	22	30	36	40	33	31	34	34	33	35	35	35	35	34	34	33	40	27	34	32	25	29	25	22	20	17	21	18	33	15	18	18	14	19	16	17	12	14	18
Total current assets
500	692	511	509	605	1,049	770	736	814	826	579	637	677	815	607	604	459	588	488	561	745	900	682	695	836	898	745	750	762	771	647	644	674	870	732	741	709	917	785	768	684
NONCURRENT ASSETS
Investments in equity method investees
204	202	200	197	195	192	190	187	183	179	172	166	152	145	141	138	136	134	132	151	151	151	153	160	160	160	161	163	163	163	164	157	157	157	159	172	171	169	158	168	160
Regulatory assets
450	490	496	388	376	370	368	348	352	362	375	388	396	408	441	447	436	423	410	351	351	369	377	369	368	391	402	460	442	457	441	411	410	423	434	438	437	450	454	388	391
Operating Lease, Right-of-Use Asset
102	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivatives, at fair value
8	5	7	14	13	6	10	11	13	5	9	5	6	3	5	3	1	3	4	7	5	6	5	2	2	1	2	1	0	0	2	3	3	7	6	5	6	9	7	8	9
Equity Securities, FV-NI
-	-	-	0	0	33	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available for sale securities
-	-	-	-	-	-	-	25	28	55	65	59	65	64	55	64	73	65	59	-	-	-	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
11	15	14	15	15	23	23	23	23	37	41	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid pension asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	6	6	6	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets
80	104	96	95	94	92	96	70	69	70	74	62	61	60	60	69	69	65	61	67	62	59	45	53	49	45	42	30	30	29	29	26	27	22	21	9	10	10	20	10	11
Total noncurrent assets
857	906	815	712	695	717	722	667	670	711	739	683	683	682	703	724	717	692	667	578	570	587	591	592	586	605	615	655	637	650	637	598	598	610	621	626	625	639	642	576	572
Assets
5,155	5,095	4,372	4,123	4,089	4,477	4,143	3,977	3,960	4,186	3,928	3,877	3,857	3,949	3,718	3,632	3,419	3,477	3,284	3,208	3,333	3,444	3,158	3,105	3,161	3,196	3,004	2,991	2,941	2,948	2,770	2,675	2,669	2,852	2,649	2,573	2,501	2,710	2,563	2,445	2,321
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding March 31, 2020 — 95,643,185; September 30, 2019 — 89,998,788
240	240	226	226	226	226	226	226	225	225	222	222	222	222	221	221	221	221	220	220	220	114	218	112	112	112	112	-	-	-	110	-	-	-	110	796	785	737	109	741	689
Common stock, $2.50 par value; authorized 75,000,000 shares; outstanding 2010-41,173,608; 2009-41,585,751
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109
Premium on common stock
493	494	291	290	283	278	274	274	256	255	219	219	219	218	215	215	215	213	209	211	213	328	199	304	303	301	300	-	-	-	272	-	-	-	265	-	-	-	251	-	249
Accumulated other comprehensive loss, net of tax
-34	-31	-31	-15	-15	-15	-12	-15	-13	-8	-3	-10	-7	-9	-15	-5	-0	-5	-9	-5	-4	-4	-5	-0	-1	-1	-1	-	-	-	-10	-	-	-	-10	-	-	-	-12	-	-10
Treasury stock at cost and other; shares March 31, 2020 — 445,734; September 30, 2019 —660,734
4	11	10	15	46	65	76	80	84	91	70	74	78	84	81	82	87	91	92	97	99	113	121	121	125	125	128	-	-	-	116	-	-	-	117	-	-	-	110	-	84
Retained earnings
1,194	1,135	1,075	1,085	1,120	1,073	1,007	1,045	1,084	967	867	928	931	838	825	822	858	805	777	794	820	779	674	718	750	594	604	-	-	-	557	-	-	-	528	-	-	-	487	-	425
Stockholders' Equity Attributable to Parent
1,889	1,827	1,551	1,572	1,569	1,497	1,418	1,449	1,467	1,347	1,236	1,284	1,286	1,185	1,166	1,170	1,207	1,143	1,106	1,123	1,151	1,103	966	1,013	1,039	881	887	892	897	863	813	836	862	820	776	-	-	-	725	-	-
Long-term debt
1,576	1,537	1,537	1,211	1,179	1,184	1,180	1,220	997	1,001	997	897	1,023	1,026	1,055	967	844	848	843	847	699	702	598	626	628	518	512	516	527	530	525	428	429	431	426	428	429	432	428	434	455
Total capitalization
3,465	3,365	3,088	2,784	2,748	2,681	2,599	2,670	2,465	2,348	2,233	2,182	2,310	2,212	2,221	2,138	2,051	1,992	1,950	1,970	1,850	1,806	1,564	1,639	1,667	1,399	1,400	1,408	1,425	1,393	1,339	1,264	1,291	1,252	1,203	1,224	1,215	1,169	1,154	1,176	1,145
Liabilities, Current [Abstract]
Current maturities of long-term debt
22	21	21	124	124	124	123	40	165	166	165	186	60	96	61	11	11	10	11	36	36	35	34	9	21	69	68	68	8	8	7	8	8	8	7	12	12	12	31	27	6
Short-term debt
466	390	25	99	45	371	151	57	150	373	266	263	237	284	121	244	152	211	66	0	146	254	301	174	63	503	365	296	288	394	279	300	191	316	159	138	147	341	147	164	143
Gas purchases payable
126	181	137	145	189	269	211	188	179	203	160	151	160	187	139	123	120	144	151	158	230	271	205	258	392	268	253	269	270	240	182	153	171	225	252	243	229	266	230	221	130
Due to Related Parties
0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	-1	-1	-1	1	-1	-1	-1	-1	-	-	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other
93	91	129	96	91	75	135	97	63	75	96	88	70	72	107	70	67	69	99	89	77	48	104	82	65	51	60	50	52	74	66	71	63	70	65	59	44	45	47	45	44
Dividends payable
29	29	28	26	25	25	25	24	23	23	23	22	22	21	21	20	20	20	20	19	19	19	19	17	17	17	17	16	16	0	16	15	15	15	14	14	14	14	13	14	13
Accrued taxes
4	5	3	13	28	6	1	1	7	4	2	0	8	1	1	0	11	1	1	1	23	5	2	12	26	4	4	15	16	5	2	3	17	5	0	27	45	12	23	1	11
Regulatory Liability, Current
-	-	-	0	3	12	8	7	29	0	0	0	5	12	9	6	0	1	12	11	12	0	6	11	20	12	1	1	0	0	1	0	0	31	4	-	-	-	0	0	36
New Jersey Clean Energy Program
5	13	15	15	5	12	14	15	5	12	14	15	6	13	14	16	5	12	14	15	6	13	14	15	5	12	14	16	7	13	5	7	13	15	15	14	13	12	12	12	10
Derivatives, at fair value
51	36	57	40	48	65	46	43	44	96	46	27	32	93	61	82	53	51	32	52	84	91	79	78	71	77	40	36	46	22	42	51	92	79	68	45	63	101	78	65	94
Operating Lease, Liability, Current
4	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities held for sale
-	-	-	0	0	4	4	4	4	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract with Customer, Liability
19	29	27	19	18	29	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted broker margin accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	0	12	19	4	-	-	38	0	2	10	5	-	6	10	-	-	-	29	31	-	0	0	0	28	3	0
Customers credit balances and deposits
-	-	-	-	-	-	-	26	18	33	26	19	20	33	32	23	21	30	20	16	16	36	22	19	15	28	24	17	17	37	48	38	31	41	113	75	14	35	91	56	73
Total current liabilities
824	805	446	582	583	998	750	506	694	991	802	775	626	822	571	601	477	574	436	402	655	815	791	682	711	1,052	851	795	736	796	653	649	634	841	703	631	585	841	705	611	563
Liabilities, Noncurrent [Abstract]
Deferred income taxes
187	194	190	219	208	233	242	244	237	238	514	523	507	490	473	469	464	491	444	450	438	436	423	410	401	362	372	370	366	357	355	369	353	364	327	304	283	280	278	292	235
Deferred investment tax credits
3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5	5	5	5	6	6	6	6	6	6	6	6	6
Deferred gain
1	1	1	1	1	2	9	9	9	27	27	27	28	28	28	28	28	29	29	4	5	5	4	4	4	4	4	4	5	5	5	5	5	6	7	9	6	7	7	7	8
Derivatives, at fair value
12	25	18	24	24	36	22	21	23	25	11	2	6	4	25	24	13	2	5	2	3	5	6	5	5	6	2	4	1	1	3	3	3	7	6	4	4	4	5	4	6
Manufactured gas plant remediation
128	129	131	125	128	129	130	140	142	144	149	161	165	168	172	175	178	180	180	177	177	177	177	183	183	183	183	182	182	182	182	182	182	182	182	201	201	201	201	146	146
Postemployment employee benefit liability
195	245	246	141	143	141	137	130	129	128	128	140	141	140	141	108	107	108	137	88	87	88	86	68	68	67	67	105	104	104	124	95	95	94	114	95	92	91	93	91	89
Regulatory liabilities
199	203	202	203	208	210	209	211	217	237	14	20	28	38	41	50	61	63	67	66	71	65	61	69	76	77	79	78	79	66	67	66	63	61	59	58	60	57	57	58	56
Operating Lease, Liability, Noncurrent
96	82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New Jersey clean energy program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	5	6	12	17	18	19	28
Asset retirement obligation
32	31	31	30	29	29	28	28	27	31	31	30	29	29	28	21	21	20	19	31	31	30	30	29	29	29	28	28	28	28	27	27	27	27	27	26	26	26	26	25	25
Other
7	7	11	7	7	9	8	9	8	8	9	9	9	9	9	9	9	8	8	8	8	8	8	7	7	7	7	8	6	7	6	5	5	5	5	6	7	7	7	6	9
Total noncurrent liabilities
865	924	837	757	757	796	793	800	800	846	891	919	920	914	925	892	889	910	897	835	828	821	803	783	782	744	752	787	779	758	777	761	743	759	743	718	701	699	702	657	611
Commitments and contingent liabilities (Note 13)
-	-	-	-	-	-	-	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
5,155	5,095	4,372	4,123	4,089	4,477	4,143	3,977	3,960	4,186	3,928	3,877	3,857	3,949	3,718	3,632	3,419	3,477	3,284	3,208	3,333	3,444	3,158	3,105	3,161	3,196	3,004	2,991	2,941	2,948	2,770	2,675	2,669	2,852	2,649	2,573	2,501	2,710	2,563	2,445	2,321