Attached files
| file | filename |
|---|---|
| EX-99 - EXHIBIT 99 - SOUTH JERSEY INDUSTRIES INC | exhibit99-q42017earningsre.htm |
| 8-K - 8-K - SOUTH JERSEY INDUSTRIES INC | a8k-q42017earningsrelease.htm |
SOURCE: STEPHEN H. CLARK
MARISSA TRAVALINE
COMPANY NAME: SOUTH JERSEY INDUSTRIES, INC.
MARKET: N
STOCK SYMBOL: SJI
SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Thousands Except for Per Share Data)
Three Months Ended December 31, | |||||||||||
2017 | 2016 | ||||||||||
Operating Revenues: | |||||||||||
Utility | $ | 169,302 | $ | 140,894 | |||||||
Nonutility | 176,436 | 189,087 | |||||||||
Total Operating Revenues | 345,738 | 329,981 | |||||||||
Operating Expenses: | |||||||||||
Cost of Sales - (Excluding depreciation) | |||||||||||
- Utility | 67,733 | 57,087 | |||||||||
- Nonutility | 142,852 | 129,597 | |||||||||
Operations (including Impairment Charges) | 104,223 | 42,114 | |||||||||
Maintenance | 5,459 | 4,756 | |||||||||
Depreciation | 26,925 | 24,283 | |||||||||
Energy and Other Taxes | 1,348 | 1,725 | |||||||||
Total Operating Expenses | 348,540 | 259,562 | |||||||||
Operating (Loss) Income | (2,802 | ) | 70,419 | ||||||||
Other Income and Expense | 4,584 | 1,202 | |||||||||
Interest Charges | (15,728 | ) | (6,705 | ) | |||||||
(Loss) Income Before Income Taxes | (13,946 | ) | 64,916 | ||||||||
Income Taxes | 16,498 | (19,266 | ) | ||||||||
Equity in Earnings of Affiliated Companies | 1,457 | 358 | |||||||||
Income from Continuing Operations | 4,009 | 46,008 | |||||||||
Gain (Loss) from Discontinued Operations - (Net of tax benefit) | 36 | (75 | ) | ||||||||
Net Income | $ | 4,045 | $ | 45,933 | |||||||
Basic Earnings Per Common Share: | |||||||||||
Continuing Operations | $ | 0.05 | $ | 0.58 | |||||||
Discontinued Operations | — | — | |||||||||
Basic Earnings Per Common Share | $ | 0.05 | $ | 0.58 | |||||||
Average Shares of Common Stock Outstanding - Basic | 79,549 | 79,478 | |||||||||
Diluted Earnings Per Common Share: | |||||||||||
Continuing Operations | $ | 0.05 | $ | 0.58 | |||||||
Discontinued Operations | — | — | |||||||||
Diluted Earnings Per Common Share | $ | 0.05 | $ | 0.58 | |||||||
Average Shares of Common Stock Outstanding - Diluted | 79,705 | 79,643 | |||||||||
Twelve Months Ended December 31, | |||||||||||
2017 | 2016 | ||||||||||
Operating Revenues: | |||||||||||
Utility | $ | 512,482 | $ | 453,819 | |||||||
Nonutility | 730,586 | 582,681 | |||||||||
Total Operating Revenues | 1,243,068 | 1,036,500 | |||||||||
Operating Expenses: | |||||||||||
Cost of Sales - (Excluding depreciation) | |||||||||||
- Utility | 199,660 | 167,154 | |||||||||
- Nonutility | 646,567 | 413,833 | |||||||||
Operations (including Impairment Charges) | 264,844 | 151,957 | |||||||||
Maintenance | 19,727 | 17,549 | |||||||||
Depreciation | 100,718 | 90,389 | |||||||||
Energy and Other Taxes | 6,487 | 6,342 | |||||||||
Total Operating Expenses | 1,238,003 | 847,224 | |||||||||
Operating Income | 5,065 | 189,276 | |||||||||
Other Income and Expense | 14,819 | 9,989 | |||||||||
Interest Charges | (54,019 | ) | (31,449 | ) | |||||||
(Loss) Income Before Income Taxes | (34,135 | ) | 167,816 | ||||||||
Income Taxes | 24,937 | (54,151 | ) | ||||||||
Equity in Earnings of Affiliated Companies | 5,794 | 5,396 | |||||||||
(Loss) Income from Continuing Operations | (3,404 | ) | 119,061 | ||||||||
Loss from Discontinued Operations - (Net of tax benefit) | (86 | ) | (251 | ) | |||||||
Net (Loss) Income | $ | (3,490 | ) | $ | 118,810 | ||||||
Basic (Loss) Earnings per Common Share: | |||||||||||
Continuing Operations | $ | (0.04 | ) | $ | 1.56 | ||||||
Discontinued Operations | — | — | |||||||||
Basic (Loss) Earnings per Common Share | $ | (0.04 | ) | $ | 1.56 | ||||||
Average Shares of Common Stock Outstanding - Basic | 79,541 | 76,362 | |||||||||
Diluted (Loss) Earnings per Common Share: | |||||||||||
Continuing Operations | $ | (0.04 | ) | $ | 1.56 | ||||||
Discontinued Operations | — | — | |||||||||
Diluted (Loss) Earnings per Common Share | $ | (0.04 | ) | $ | 1.56 | ||||||
Average Shares of Common Stock Outstanding - Diluted | 79,541 | 76,475 | |||||||||