NEW JERSEY RESOURCES CORPORATION NJR Income Statement

New jersey resources corporation (NJR)

Income statement / 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	Mar'10	Dec'09	Jun'09
OPERATING REVENUES
Utility
726	730	710	722	706	722	731	724	741	719	695	683	681	628	594	595	592	724	781	779	774	794	819	837	845	802	787	793	780	655	627	633	665	872	971	1,005	972	969	937	943	0	0	0
Nonutility
1,442	1,664	1,881	2,037	2,162	2,299	2,183	2,079	1,977	1,713	1,572	1,517	1,455	1,349	1,286	1,254	1,322	1,629	1,952	2,107	2,342	2,889	2,918	3,042	3,113	2,537	2,410	2,239	1,909	1,687	1,621	1,717	1,909	2,066	2,037	1,964	1,829	1,773	1,701	1,505	0	0	0
Total operating revenues
2,168	2,395	2,592	2,760	2,868	3,021	2,915	2,804	2,718	2,432	2,268	2,201	2,137	1,977	1,880	1,849	1,915	2,354	2,733	2,887	3,117	3,683	3,738	3,879	3,959	3,340	3,198	3,032	2,690	2,342	2,248	2,351	2,574	2,938	3,009	2,969	2,801	2,742	2,639	2,448	0	0	0
OPERATING EXPENSES
Gas purchases:
Gas purchases - Related parties
6	7	7	8	8	8	8	8	8	8	8	8	8	8	8	9	10	11	12	12	12	12	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operation and maintenance
257	256	256	275	281	272	263	241	228	224	222	217	213	214	208	214	211	210	209	212	209	217	215	195	193	175	173	178	176	172	171	167	165	164	163	152	150	149	148	148	0	0	0
Regulatory rider expenses
32	33	33	34	35	39	38	39	39	39	40	39	40	42	39	40	42	63	75	77	78	73	72	71	68	54	48	47	47	41	40	40	41	47	51	52	52	48	45	47	0	0	0
Depreciation and amortization
106	97	91	88	85	85	85	86	86	84	81	80	78	75	72	69	66	63	61	58	56	54	52	51	49	48	47	45	44	43	41	39	37	35	34	33	33	32	32	31	0	0	0
Total operating expenses
1,983	2,228	2,438	2,616	2,758	2,809	2,715	2,613	2,473	2,226	2,097	1,959	1,941	1,828	1,713	1,718	1,764	2,214	2,485	2,674	2,923	3,326	3,536	3,681	3,684	3,256	3,038	2,855	2,580	2,221	2,140	2,246	2,421	2,760	2,866	2,809	2,687	2,599	2,451	2,283	0	0	0
Energy and other taxes
-	-	-	14	-	-	52	52	53	51	49	48	48	44	40	40	39	48	53	53	54	54	57	57	57	57	57	57	56	48	45	45	47	60	66	66	63	60	56	62	0	0	0
OPERATING INCOME
184	166	153	143	110	212	199	190	245	205	171	241	195	149	167	131	150	139	248	213	193	357	201	198	274	84	159	176	109	120	108	105	152	177	143	160	114	143	188	164	0	0	0
Other income, net
15	10	11	9	9	7	13	6	8	12	10	15	14	11	9	10	9	8	6	-2	6	6	7	13	3	5	4	4	4	1	2	2	3	3	3	4	4	4	5	4	0	0	0
Interest expense, net of capitalized interest
56	49	47	49	48	47	46	46	46	46	44	42	38	34	31	28	28	27	27	27	26	26	25	25	25	24	23	23	21	21	20	19	19	19	19	20	20	21	21	21	0	0	0
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES
143	127	118	103	71	172	166	150	206	172	136	214	170	125	145	113	131	120	227	183	173	337	183	185	252	65	140	158	92	100	89	88	136	162	127	143	97	126	172	148	0	0	0
Income tax benefit
-29	-31	-37	-17	-44	-10	-53	-49	-26	-33	18	33	24	18	23	13	23	25	59	43	39	91	51	49	72	13	35	43	16	15	7	4	22	39	37	45	28	46	64	55	0	0	0
Equity in earnings of affiliates
14	13	13	13	13	12	13	13	12	14	13	12	12	9	9	10	11	13	13	12	11	11	10	10	9	9	10	10	11	10	10	10	10	11	11	11	10	9	10	9	0	0	0
NET INCOME
187	172	169	135	129	195	233	213	246	220	132	193	157	116	131	110	120	107	180	152	145	257	141	146	189	62	114	126	86	95	92	94	124	134	101	110	79	90	117	101	0	0	0
EARNINGS PER COMMON SHARE
Basic (usd per share)
0.93	0.97	0.19	-0.09	0.83	0.97	-0.20	-0.16	1.60	1.42	-0.43	0.22	1.33	0.41	0.29	-0.20	0.85	0.59	0.04	-0.09	0.71	1.46	-0.38	-0.17	2.06	0.18	-1.85	0.70	1.09	1.44	-0.20	-0.25	1.31	1.38	-0.18	0.49	1.55	0.59	0.05	-0.25	1.79	1.25	-0.34
Diluted (usd per share)
0.92	0.97	0.19	-0.09	0.82	0.97	-0.21	-0.16	1.59	1.42	-0.42	0.22	1.32	0.40	0.30	-0.20	0.84	0.58	0.04	-0.09	0.71	1.44	-0.38	-0.17	2.04	0.18	-1.85	0.70	1.08	1.44	-0.21	-0.25	1.31	1.38	-0.18	0.49	1.54	0.59	0.05	-0.25	1.78	1.24	-0.34
DIVIDENDS DECLARED PER COMMON SHARE (usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	0.25	-	0.24	0.24	0.24	0.23	0.23	0.23	0.22	0.01	0.21	0.21	0.42	-0.39	0.40	0.40	0.40	0.40	0.38	0.38	0.38	0.36	0.36	0.36	0.36	0.34	0.34	0.34	0.34	0.31
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)
95	91	89	89	88	88	88	87	87	86	86	86	86	86	86	85	85	85	85	85	85	84	126	84	84	42	208	41	41	41	41	41	41	41	41	41	41	41	41	41	41	41	42
Diluted (in shares)
95	92	90	89	89	88	90	87	87	87	87	87	87	86	87	85	86	86	87	85	86	85	128	84	84	42	209	41	41	41	41	41	41	41	41	41	41	41	41	41	41	42	42
Regulated
Gas purchases - Utility and Nonutility
297	324	320	329	327	286	276	265	259	274	258	251	249	219	205	224	220	267	304	281	277	294	319	338	355	398	400	409	399	288	262	274	302	459	534	567	540	581	576	565	0	0	0
Unregulated
Gas purchases - Utility and Nonutility
1,271	1,498	1,716	1,872	2,005	2,081	1,990	1,920	1,797	1,543	1,436	1,314	1,302	1,223	1,139	1,120	1,174	1,548	1,767	1,978	2,234	2,618	2,807	2,945	2,941	2,506	2,299	2,105	1,844	1,615	1,566	1,677	1,826	1,993	2,016	1,937	1,847	1,726	1,591	1,428	0	0	0