South jersey industries, inc. (SJI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Operating Revenues:
Utility

475,956

445,187

268,843

231,840

606,677

549,874

314,467

201,854

443,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nonutility

147,231

179,872

168,826

160,102

222,952

311,717

217,002

151,727

290,177

176,436

161,654

162,436

230,060

189,087

158,099

86,129

149,366

128,412

83,555

102,416

116,422

120,333

61,671

64,368

139,872

78,463

69,506

56,552

81,980

68,997

57,978

62,857

95,630

90,365

79,413

95,507

157,533

128,143

103,828

90,463

133,226

71,129

70,028

Total Operating Revenues

534,112

463,191

261,203

266,934

637,298

589,583

302,480

227,330

521,945

345,738

227,127

244,374

425,829

329,981

219,082

154,402

333,035

257,844

141,062

177,710

382,952

281,097

122,427

133,271

350,201

224,390

128,808

122,592

255,631

197,558

111,977

121,913

274,832

198,540

137,621

160,477

331,922

283,469

160,667

151,648

329,283

127,087

134,483

Operating Expenses:
Cost of Sales - (Excluding depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

140,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operations

62,356

65,149

54,169

56,608

62,826

77,398

74,413

58,007

47,044

56,646

37,377

37,296

38,448

37,213

34,796

36,250

38,797

39,859

33,150

33,802

41,861

40,319

29,939

30,652

39,350

32,343

27,216

27,957

32,689

33,628

25,817

26,416

27,782

26,714

24,002

24,491

25,694

28,029

21,977

22,556

23,480

20,044

22,077

Impairment Charges

-

-

1,296

0

-

-

0

99,233

-

-

43,966

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance

9,595

9,357

9,081

9,273

9,630

9,886

8,602

6,812

6,862

5,459

4,615

4,672

4,981

4,756

4,150

4,259

4,384

4,069

4,188

3,928

3,998

3,742

3,275

3,181

3,259

2,995

3,354

3,365

3,422

3,482

3,570

3,371

3,192

3,484

3,414

3,215

3,009

3,101

2,847

2,786

2,816

2,301

1,706

Depreciation

26,469

26,994

24,945

24,129

23,685

24,940

22,350

24,771

24,662

26,925

24,914

24,556

24,323

24,283

23,109

22,296

20,701

19,780

18,422

17,430

16,819

16,461

16,057

15,495

14,991

13,032

12,826

12,372

11,407

10,645

10,602

10,485

9,604

9,221

9,023

8,853

8,652

8,433

8,851

8,492

8,242

7,880

7,629

Energy and Other Taxes

3,862

2,399

2,663

2,717

4,217

3,260

2,595

1,243

2,439

1,348

1,517

1,551

2,071

1,725

1,449

1,243

1,925

1,334

1,231

1,265

2,196

1,330

1,196

1,241

1,953

2,861

1,458

1,664

3,833

2,749

1,494

1,865

3,878

3,095

1,673

2,121

5,300

3,679

1,642

1,949

4,872

1,649

1,667

Net Gain on Sales of Assets

-

-

-2,292

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

368,350

386,380

280,228

258,068

502,745

499,584

341,072

335,862

364,075

348,296

281,204

247,760

356,965

254,661

206,492

162,388

218,782

192,608

156,115

147,370

306,581

215,646

126,540

129,516

287,691

190,934

134,014

133,185

203,652

171,370

112,032

111,656

201,324

155,273

144,767

148,038

258,875

241,561

160,130

136,230

270,654

127,002

123,711

Operating Income

165,762

76,811

-19,025

8,866

134,553

89,999

-38,592

-108,532

157,870

-2,558

-54,077

-3,386

68,864

75,320

12,590

-7,986

114,253

65,236

-15,053

30,340

76,371

65,451

-4,113

3,755

62,510

33,456

-5,206

-10,593

51,979

26,188

-55

10,257

73,508

43,267

-7,146

12,439

73,047

41,908

537

15,418

58,629

85

10,772

Other (Expense) Income

-1,147

986

618

29

2,575

-2,737

1,406

974

2,761

4,340

1,075

1,139

4,487

-3,699

2,223

4,361

2,203

1,988

2,241

3,040

2,241

1,847

3,419

4,185

2,368

2,245

2,200

2,665

3,869

1,214

4,359

3,658

1,873

2,679

2,586

3,805

6,572

2,400

648

479

1,024

294

-117

Interest Charges

32,536

28,533

28,857

28,434

28,653

30,229

26,534

19,561

13,972

15,728

10,567

10,979

16,745

6,705

7,355

8,229

9,160

7,440

8,107

7,474

8,601

8,862

6,768

6,846

7,084

6,304

4,393

3,420

4,708

2,317

5,981

5,195

5,493

5,621

6,242

6,234

5,981

4,990

6,276

5,664

4,966

5,298

4,112

Income Before Income Taxes

132,079

49,264

-47,264

-19,539

108,475

57,033

-63,720

-127,119

146,659

-13,946

-63,569

-13,226

56,606

64,916

7,458

-11,854

107,296

59,784

-20,919

25,906

70,011

58,436

-7,462

1,094

57,794

29,397

-7,399

-11,348

51,140

25,085

-1,677

8,720

69,888

40,325

-10,802

10,010

73,638

39,318

-5,091

10,233

54,687

-4,919

6,543

Income Taxes

33,370

11,683

-10,925

-4,646

24,949

12,767

-16,649

-31,972

36,415

-16,498

-24,765

-5,544

21,870

19,266

2,807

-7,189

39,267

-1,006

-10,968

-3,279

16,613

10,415

-8,325

-9,510

11,869

-9,621

-5,533

-11,632

7,772

-757

-2,576

-1,072

15,884

3,022

-6,034

3,004

22,510

14,002

-7,427

265

21,971

-3,206

3,056

Equity in Earnings of Affiliated Companies

2,391

1,959

1,593

1,589

2,173

1,766

1,429

1,354

1,062

1,457

1,256

70

3,011

358

5,013

-133

158

-9,842

-2,581

-15,844

455

-4,029

-5,139

-903

2,286

339

645

632

-31

-273

1,265

1,040

207

-317

-435

-761

703

419

-895

-1,427

-1,148

-314

1,502

Income (Loss) from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,858

5,031

Income from Continuing Operations

101,100

-

-34,746

-13,304

85,699

-

-45,642

-93,793

111,306

-

-37,548

-7,612

37,747

-

9,664

-4,798

68,187

-

-12,532

13,341

53,853

43,992

-4,276

9,701

48,211

39,357

-1,221

916

43,337

25,569

2,164

10,832

54,211

36,986

-5,203

6,245

51,831

25,735

1,441

8,541

31,568

-2,027

4,989

Loss from Discontinued Operations - (Net of tax benefit)

-59

-56

-59

-95

-62

-105

-43

-26

-66

36

-45

-47

-30

-

-29

-29

-118

-

-91

-74

-276

-69

-120

-80

-313

-97

-200

-28

-471

-383

-151

-498

-136

-84

65

-166

-383

-370

-133

-101

-29

-16

-23

Less: Net Loss Attributable to Noncontrolling Interest in Subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169

-42

Net Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,874

5,008

Net Income

101,041

-

-34,805

-13,399

85,637

-

-45,685

-93,819

111,240

-

-37,593

-7,659

37,717

-

9,635

-4,827

68,069

-

-12,623

13,267

53,577

43,923

-4,396

9,621

47,898

39,260

-1,421

888

42,866

25,186

2,013

10,334

54,075

36,902

-5,138

6,079

51,448

25,365

1,308

8,440

31,539

-2,043

4,966

Basic Earnings Per Common Share:
Basic Earnings Per Common Share, Continuing Operations (in dollars per share)

1.09

0.42

-0.38

-0.14

0.94

0.46

-0.53

-1.12

1.40

0.06

-0.47

-0.10

0.47

0.54

0.12

-0.06

0.96

0.74

-0.18

0.19

0.79

0.65

-0.07

0.15

0.74

-0.06

-0.04

0.03

1.36

0.80

0.07

0.35

1.79

1.23

-0.17

0.20

1.73

0.85

0.04

0.28

1.05

-0.06

0.16

Basic Earnings Per Common Share, Discontinued Operations (in dollars per share)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.01

0.00

0.00

0.00

0.02

0.00

0.00

-0.01

0.02

0.00

0.00

-0.01

-0.02

0.00

-0.01

-0.00

-0.00

0.00

-0.00

-0.01

-0.01

-0.00

-0.00

-0.00

-0.00

-0.00

Basic Earnings Per Common Share (in dollars per share)

1.09

0.42

-0.38

-0.14

0.94

0.46

-0.53

-1.12

1.40

0.06

-0.47

-0.10

0.47

0.54

0.12

-0.06

0.96

0.73

-0.18

0.19

0.79

0.65

-0.07

0.15

0.73

-0.06

-0.04

0.03

1.35

0.78

0.07

0.34

1.78

1.22

-0.17

0.20

1.72

0.84

0.04

0.28

1.05

-0.06

0.16

Average Shares of Common Stock Outstanding, Basic (in shares)

92,445

92,407

92,392

92,389

91,332

85,591

85,506

84,080

79,595

79,547

79,549

79,549

79,519

79,545

79,478

75,298

71,127

69,469

68,607

68,467

68,397

67,324

66,332

65,926

65,530

160,222

31,984

31,949

31,757

31,473

30,861

30,393

30,249

30,119

30,029

29,953

29,899

89,511

29,873

29

29

29,796

29

Diluted Earnings Per Common Share:
Diluted Earnings Per Common Share, Continuing Operations (in dollars per share)

1.09

0.42

-0.38

-0.14

0.94

0.46

-0.53

-1.12

1.40

0.06

-0.47

-0.10

0.47

0.55

0.12

-0.06

0.95

0.73

-0.18

0.19

0.79

0.65

-0.07

0.15

0.74

-0.06

-0.04

0.03

1.36

0.79

0.07

0.35

1.78

1.22

-0.17

0.20

1.72

0.86

0.04

0.28

1.05

-0.06

0.16

Diluted Earnings Per Common Share, Continuing Operations (in dollars per share)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.01

0.00

0.00

0.00

0.02

0.00

0.00

-0.01

0.02

0.00

0.00

-0.01

-0.01

0.00

-0.01

-0.00

-0.00

0.00

-0.00

-0.01

-0.02

-0.00

-0.00

-0.00

-0.00

-0.00

Diluted Earnings Per Common Share (in dollars per common share)

1.09

0.42

-0.38

-0.14

0.94

0.46

-0.53

-1.12

1.40

0.06

-0.47

-0.10

0.47

0.55

0.12

-0.06

0.95

0.72

-0.18

0.19

0.79

0.65

-0.07

0.15

0.73

-0.06

-0.04

0.03

1.35

0.77

0.07

0.33

1.78

1.22

-0.17

0.20

1.71

0.84

0.04

0.28

1.05

-0.06

0.16

Average Shares of Common Stock Outstanding, Diluted (in shares)

92,556

92,799

92,392

92,389

91,432

88,574

85,506

84,080

79,724

79,425

79,549

79,549

79,641

79,551

79,635

75,298

71,416

69,846

68,607

68,653

68,618

67,622

66,332

66,074

65,684

160,561

31,984

32,012

31,811

31,556

30,945

30,472

30,323

30,287

30,029

30,037

29,991

89,836

30,000

29

29

29,796

29

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

0.28

-

0.27

0.27

0.27

-

0.26

0.26

0.26

-

0.25

0.25

0.25

-

0.24

0.24

0.24

-

0.44

0.44

0.44

0.44

0.40

0.40

0.40

-

0.36

0.36

0.36

0.37

0.00

0.66

0.33

0.29

0.29

Utility
Utility

386,881

283,319

92,377

106,832

414,346

277,866

85,478

75,603

231,768

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Revenues

-

-

-

-

-

-

-

-

-

-

-

81,938

195,769

140,894

60,983

68,273

183,669

129,432

57,507

75,294

266,530

160,764

60,756

68,903

210,329

145,927

59,302

66,040

173,651

128,561

53,999

59,056

179,202

108,175

58,208

64,970

174,389

155,326

56,839

61,185

196,057

55,958

64,455

Cost of Sales - (Excluding depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

-

32,331

71,379

57,087

25,353

19,508

65,206

48,080

21,808

24,901

144,974

79,188

23,205

24,623

103,077

71,409

24,345

25,611

77,156

60,303

20,801

20,286

86,265

43,234

27,242

28,042

82,640

91,277

28,534

23,781

116,216

31,377

29,526

SJG
Utility

187,800

149,800

55,200

47,000

233,000

168,000

49,500

64,100

193,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Revenues

-

172,721

62,039

62,268

272,198

180,369

56,371

76,801

234,459

170,434

66,755

83,251

196,814

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Sales - (Excluding depreciation and amortization)

80,534

70,542

19,268

2,654

118,880

84,383

16,079

19,379

89,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operations

28,623

28,492

25,855

25,194

29,097

31,746

24,536

27,268

29,370

27,375

22,599

22,455

24,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance

8,571

8,072

7,678

7,006

8,143

8,176

6,892

6,812

6,862

5,459

4,615

4,672

4,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

16,706

17,778

16,398

16,045

15,744

16,288

14,703

14,401

14,363

15,074

13,226

12,873

12,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Energy and Other Taxes

1,615

584

1,159

1,154

1,989

1,505

988

498

1,255

697

865

872

1,295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

136,049

125,468

70,358

52,053

173,853

142,098

63,198

68,358

141,658

117,470

70,804

74,516

115,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income

104,645

47,253

-8,319

10,215

98,345

38,271

-6,827

8,443

92,801

52,964

-4,049

8,735

81,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (Expense) Income

-1,350

1,309

808

328

1,931

-573

2,141

607

2,510

979

1,027

1,039

1,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Charges

7,542

8,070

7,840

7,896

7,848

7,176

7,108

6,999

6,728

6,313

6,437

6,077

5,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Before Income Taxes

95,753

40,492

-15,351

2,647

92,428

30,522

-11,794

2,051

88,583

47,630

-9,459

3,697

76,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Taxes

25,231

12,201

-3,747

671

23,697

6,913

-2,818

482

21,836

18,046

-3,688

1,431

29,911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

70,522

-

-11,604

1,976

68,731

-

-8,976

1,569

66,747

-

-5,771

2,266

46,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gas [Member]
Utility

-

-

-

-

-

-

-

-

-

-

65,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Energy Commodities and Service
Cost of Sales - (Excluding depreciation and amortization)

135,326

119,662

26,452

16,721

188,449

130,245

23,238

18,181

87,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nonutility Operations
Cost of Sales - (Excluding depreciation and amortization)

130,742

154,211

163,914

148,620

213,938

263,187

209,874

127,615

195,951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nonutility
Cost of Sales - (Excluding depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

28,217

147,354

215,763

129,597

117,635

78,832

87,769

79,486

77,316

66,044

96,733

74,606

52,868

54,324

125,061

68,294

64,815

62,216

75,145

60,563

49,748

49,233

70,603

69,525

79,413

81,316

133,580

107,042

96,279

76,666

115,028

63,751

61,106

South Jersey Gas Company
Cost of Sales (Excluding depreciation)

-

-

-

-

-

-

-

-

-

-

29,499

33,644

72,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-