New jersey resources corporation (NJR)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09Sep'08
OPERATING REVENUES
Utility

710

731

695

594

781

819

787

627

971

937

1,082

1,078

Nonutility

1,881

2,183

1,572

1,286

1,952

2,918

2,410

1,621

2,037

1,701

1,510

2,737

Total operating revenues

2,592

2,915

2,268

1,880

2,733

3,738

3,198

2,248

3,009

2,639

2,592

3,816

OPERATING EXPENSES
Gas purchases:
Gas purchases - Related parties

7

8

8

8

12

12

11

12

-

-

-

-

Operation and maintenance

256

263

222

208

209

215

173

171

163

148

149

148

Regulatory rider expenses

33

38

40

39

75

72

48

40

51

45

44

39

Depreciation and amortization

91

85

81

72

61

52

47

41

34

32

30

38

Total operating expenses

2,438

2,715

2,097

1,713

2,485

3,536

3,038

2,140

2,866

2,451

2,544

3,622

Energy and other taxes

11

52

49

40

53

57

57

45

66

56

74

65

OPERATING INCOME

153

199

171

167

248

201

159

108

143

188

48

193

Other income, net

11

13

10

9

6

7

4

2

3

5

4

4

Interest expense, net of capitalized interest

47

46

44

31

27

25

23

20

19

21

21

25

INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES

118

166

136

145

227

183

140

89

127

172

31

171

Income tax benefit

-37

-53

18

23

59

51

35

7

37

64

11

66

Equity in earnings of affiliates

13

13

13

9

13

10

10

10

11

10

7

3

NET INCOME

169

233

132

131

180

141

114

92

101

117

27

109

EARNINGS PER COMMON SHARE
Basic (usd per share)

1.90

2.66

1.53

1.53

2.12

1.69

1.38

2.24

2.45

2.84

0.65

2.61

Diluted (usd per share)

1.89

2.64

1.52

1.52

2.10

1.67

1.37

2.23

2.44

2.82

0.64

2.59

DIVIDENDS DECLARED PER COMMON SHARE (usd per share)

-

-

-

-

0.91

0.85

0.81

1.54

1.44

1.36

1.24

1.11

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)

89

87

86

85

85

84

83

41

41

41

42

41

Diluted (in shares)

89

88

87

86

86

84

83

41

41

41

42

42

Regulated
Gas purchases - Utility and Nonutility

320

276

258

205

304

319

400

262

534

576

707

753

Unregulated
Gas purchases - Utility and Nonutility

1,716

1,990

1,436

1,139

1,767

2,807

2,299

1,566

2,016

1,591

1,537

2,577