Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTH JERSEY INDUSTRIES INC | form8k-q42016earningsrelea.htm |
| EX-99 - EXHIBIT 99 - SOUTH JERSEY INDUSTRIES INC | exhibit99-q4earningsrelease.htm |
SOURCE: STEPHEN H. CLARK | 609-561-9000 | |||||||
MARISSA TRAVALINE | ||||||||
COMPANY NAME: SOUTH JERSEY INDUSTRIES, INC. | ||||||||
MARKET: N | ||||||||
STOCK SYMBOL: SJI | ||||||||
SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES | ||||||||
COMPARATIVE EARNINGS STATEMENTS | ||||||||
(In Thousands Except for Per Share Data) | ||||||||
UNAUDITED | ||||||||
Three Months Ended | ||||||||
December 31, | ||||||||
2016 | 2015 | |||||||
Operating Revenues: | ||||||||
Utility | $ | 140,894 | $ | 129,431 | ||||
Nonutility | 189,087 | 128,413 | ||||||
Total Operating Revenues | 329,981 | 257,844 | ||||||
Operating Expenses: | ||||||||
Cost of Sales - (Excluding depreciation) | ||||||||
- Utility | 57,087 | 48,080 | ||||||
- Nonutility | 129,597 | 79,486 | ||||||
Operations | 42,114 | 39,859 | ||||||
Maintenance | 4,756 | 4,069 | ||||||
Depreciation | 24,283 | 19,780 | ||||||
Energy and Other Taxes | 1,725 | 1,334 | ||||||
Total Operating Expenses | 259,562 | 192,608 | ||||||
Operating Income | 70,419 | 65,236 | ||||||
Other Income and Expense | 1,202 | 1,988 | ||||||
Interest Charges | (6,705 | ) | (7,440 | ) | ||||
Income Before Income Taxes | 64,916 | 59,784 | ||||||
Income Taxes | (19,266) | 1,006 | ||||||
Equity in Earnings (Loss) of Affiliated Companies | 358 | (9,842 | ) | |||||
Income from Continuing Operations | 46,008 | 50,948 | ||||||
Loss from Discontinued Operations - (Net of tax benefit) | (75) | (62 | ) | |||||
Net Income | $ | 45,933 | $ | 50,886 | ||||
Basic Earnings per Common Share: | ||||||||
Continuing Operations | $ | 0.58 | $ | 0.73 | ||||
Discontinued Operations | — | — | ||||||
Basic Earnings per Common Share | $ | 0.58 | $ | 0.73 | ||||
Average Shares of Common Stock Outstanding - Basic | 79,478 | 69,460 | ||||||
Diluted Earnings per Common Share: | ||||||||
Continuing Operations | $ | 0.58 | $ | 0.73 | ||||
Discontinued Operations | — | — | ||||||
Diluted Earnings per Common Share | $ | 0.58 | $ | 0.73 | ||||
Average Shares of Common Stock Outstanding - Diluted | 79,643 | 69,646 | ||||||
Twelve Months Ended | ||||||||
December 31, | ||||||||
2016 | 2015 | |||||||
Operating Revenues: | ||||||||
Utility | $ | 453,819 | $ | 528,763 | ||||
Nonutility | 582,681 | 430,805 | ||||||
Total Operating Revenues | 1,036,500 | 959,568 | ||||||
Operating Expenses: | ||||||||
Cost of Sales - (Excluding depreciation) | ||||||||
- Utility | 167,154 | 239,763 | ||||||
- Nonutility | 413,833 | 319,579 | ||||||
Operations | 151,957 | 148,672 | ||||||
Maintenance | 17,549 | 16,183 | ||||||
Depreciation | 90,389 | 72,451 | ||||||
Energy and Other Taxes | 6,342 | 6,026 | ||||||
Total Operating Expenses | 847,224 | 802,674 | ||||||
Operating Income | 189,276 | 156,894 | ||||||
Other Income and Expense | 9,989 | 9,510 | ||||||
Interest Charges | (31,449 | ) | (31,622 | ) | ||||
Income Before Income Taxes | 167,816 | 134,782 | ||||||
Income Taxes | (54,151 | ) | (1,360 | ) | ||||
Equity in Earnings (Loss) of Affiliated Companies | 5,396 | (27,812 | ) | |||||
Income from Continuing Operations | 119,061 | 105,610 | ||||||
Loss from Discontinued Operations - (Net of tax benefit) | (251 | ) | (503 | ) | ||||
Net Income | $ | 118,810 | $ | 105,107 | ||||
Basic Earnings per Common Share: | ||||||||
Continuing Operations | $ | 1.56 | $ | 1.54 | ||||
Discontinued Operations | — | (0.01 | ) | |||||
Basic Earnings per Common Share | $ | 1.56 | $ | 1.53 | ||||
Average Shares of Common Stock Outstanding - Basic | 76,362 | 68,735 | ||||||
Diluted Earnings per Common Share: | ||||||||
Continuing Operations | $ | 1.56 | $ | 1.53 | ||||
Discontinued Operations | — | (0.01 | ) | |||||
Diluted Earnings per Common Share | $ | 1.56 | $ | 1.52 | ||||
Average Shares of Common Stock Outstanding - Diluted | 76,475 | 68,931 | ||||||