NewJersey Resources Corporation (NJR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1415 WYCKOFF RD WALL, NJ 07719 |
| State of Incorp. | NJ |
| Fiscal Year End | September 30 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,739 | 954 | 1,107 | 4,749 | 117,012 | 2,676 | |||
| Cash and cash equivalents | 2,739 | 954 | 1,107 | 4,749 | 117,012 | 2,676 | |||
| Receivables | 253,556 | 105,604 | 216,687 | 198,537 | 136,157 | 139,625 | |||
| Inventory, net of allowances, customer advances and progress billings | 193,742 | 199,501 | 273,644 | 193,606 | 167,504 | 169,803 | |||
| Inventory | 193,742 | 199,501 | 273,644 | 193,606 | 167,504 | 169,803 | |||
| Prepaid expense | 38,395 | 52,787 | 63,073 | 59,377 | 30,940 | 22,602 | |||
| Derivative instruments and hedges, assets | 37,771 | 30,755 | 24,635 | 35,251 | 23,310 | 25,103 | |||
| Regulatory asset | 76,728 | 73,587 | 40,086 | 30,118 | 36,530 | 32,871 | |||
| Other current assets | 23,863 | 21,071 | 22,270 | 20,235 | 21,029 | 30,728 | |||
| Other undisclosed current assets | 50,164 | 47,818 | 114,585 | 92,401 | 89,850 | 88,198 | |||
| Total current assets: | 676,958 | 532,077 | 756,087 | 634,274 | 622,332 | 511,606 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 27,720 | 28,248 | 21,913 | 13,489 | 71,085 | ||||
| Operating lease, right-of-use asset | 175,864 | 175,740 | 168,520 | 173,928 | 131,769 | ||||
| Property, plant and equipment | 1,937,576 | 941,590 | 911,148 | 706,706 | 803,137 | ||||
| Long-term investments and receivables | 144,968 | 143,134 | 141,271 | 146,829 | 243,675 | 200,268 | |||
| Long-term investments | 103,268 | 104,134 | 106,571 | 114,529 | 208,375 | 200,268 | |||
| Accounts and financing receivable, after allowance for credit loss | 41,700 | 39,000 | 34,700 | 32,300 | 35,300 | ||||
| Intangible assets, net (including goodwill) | 77 | 2,348 | 5,029 | 10,060 | 14,611 | ||||
| Intangible assets, net (excluding goodwill) | 77 | 2,348 | 5,029 | 10,060 | 14,611 | ||||
| Derivative instruments and hedges | 1,178 | 1,564 | 6,385 | 3,403 | 3,349 | 7,426 | |||
| Regulated entity, other noncurrent assets | 581,907 | 584,830 | 500,666 | 522,099 | 527,459 | 496,637 | |||
| Restricted cash and investments | 690 | 563 | 345 | 1,294 | 2,411 | ||||
| Deferred income tax assets | 22,903 | 28,383 | |||||||
| Other noncurrent assets | 62,679 | 61,577 | 64,793 | 49,921 | 78,716 | 101,271 | |||
| Other undisclosed noncurrent assets | 3,116,605 | 4,039,713 | 3,687,940 | 3,465,306 | 3,075,809 | ||||
| Total noncurrent assets: | 6,072,090 | 6,005,419 | 5,505,329 | 5,088,004 | 4,947,470 | 820,213 | |||
| Other undisclosed assets | 3,041,166 | ||||||||
| TOTAL ASSETS: | 6,749,048 | 6,537,496 | 6,261,416 | 5,722,278 | 5,569,802 | 4,372,985 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 116,426 | 161,880 | 166,840 | 228,598 | 144,217 | 133,118 | |||
| Taxes payable | ✕ | ✕ | ✕ | 5,130 | 3,356 | 2,717 | 3,394 | ||
| Accounts payable | 105,627 | 151,790 | 156,580 | 225,242 | 141,500 | 129,724 | |||
| Accrued liabilities | 10,799 | 10,090 | 5,130 | ||||||
| Deferred revenue | 163,980 | 106,314 | 35,547 | ||||||
| Debt | 488,277 | 368,255 | 499,019 | 450,140 | 152,586 | 46,869 | |||
| Derivative instruments and hedges, liabilities | 13,196 | 16,145 | 49,848 | 87,145 | 33,865 | 57,623 | |||
| Regulatory liability | 30,344 | 32,287 | 31,090 | 28,007 | 26,188 | ||||
| Other liabilities | 857 | ||||||||
| Other undisclosed current liabilities | 148,952 | 121,722 | 321,809 | 257,520 | 176,866 | 208,767 | |||
| Total current liabilities: | 962,032 | 806,603 | 1,104,153 | 1,051,410 | 533,722 | 446,377 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 19,964 | 22,875 | 162,134 | 156,105 | 158,773 | ||||
| Finance lease, liability | 19,964 | 22,875 | 23,752 | 14,742 | 63,743 | ||||
| Liabilities, other than long-term debt | 981,183 | 971,482 | 715,516 | 735,632 | 835,857 | 836,160 | |||
| Accumulated deferred investment tax credit | 2,365 | 2,434 | 2,710 | 3,010 | 3,332 | 3,653 | |||
| Asset retirement obligations | 62,435 | 61,993 | 55,035 | 46,306 | 33,723 | 31,046 | |||
| Deferred income tax liabilities | 299,454 | 285,427 | 238,928 | 163,530 | 190,610 | 190,663 | |||
| Liability, pension and other postretirement and postemployment benefits | 102,482 | 102,528 | 82,867 | 169,267 | 237,221 | 246,517 | |||
| Accrued environmental loss contingencies | 165,315 | 169,390 | 127,060 | 135,012 | 150,590 | 131,080 | |||
| Regulatory liability | 179,638 | 180,458 | 185,634 | 193,051 | 196,450 | 202,435 | |||
| Other liabilities | 13,181 | 13,262 | 9,091 | 11,959 | 10,579 | 11,945 | |||
| Operating lease, liability | 148,849 | 148,023 | 138,382 | 141,363 | 95,030 | ||||
| Derivative instruments and hedges, liabilities | 7,464 | 7,967 | 14,191 | 13,497 | 13,352 | 18,821 | |||
| Other undisclosed noncurrent liabilities | (19,329) | (22,216) | (22,999) | (13,895) | (62,708) | 1,554 | |||
| Total noncurrent liabilities: | 981,818 | 972,141 | 854,651 | 877,842 | 931,922 | 837,714 | |||
| Total liabilities: | 1,943,850 | 1,778,744 | 1,958,804 | 1,929,252 | 1,465,644 | 1,284,091 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,066,201 | 1,990,735 | 1,817,210 | 1,630,862 | 1,844,692 | 1,551,717 | |||
| Common stock | 245,009 | 243,458 | 241,616 | 240,644 | 240,243 | 226,649 | |||
| Treasury stock, value | (12,448) | 8,485 | (10,436) | ||||||
| Additional paid in capital | 582,551 | 558,654 | 519,697 | 502,584 | 491,982 | 291,331 | |||
| Accumulated other comprehensive income (loss) | (9,564) | (9,959) | (4,826) | (34,528) | (44,315) | (31,787) | |||
| Retained earnings | 1,226,069 | 1,177,834 | 1,067,528 | 934,610 | 1,148,297 | 1,075,960 | |||
| Other undisclosed equity, attributable to parent | 22,136 | 20,748 | (6,805) | ||||||
| Total equity: | 2,066,201 | 1,990,735 | 1,817,210 | 1,630,862 | 1,844,692 | 1,551,717 | |||
| Other undisclosed liabilities and equity | 2,738,997 | 2,768,017 | 2,485,402 | 2,162,164 | 2,259,466 | 1,537,177 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,749,048 | 6,537,496 | 6,261,416 | 5,722,278 | 5,569,802 | 4,372,985 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,068,160 | 1,111,520 | 1,198,985 | 852,105 | 833,677 | 782,331 | ||
| Cost of revenue | (948,101) | (1,182,426) | (2,137,638) | (1,501,358) | (1,459,142) | (11,190) | ||
| Cost of goods and services sold | (11,190) | |||||||
| Gross profit: | 120,059 | (70,906) | (938,653) | (649,253) | (625,465) | 771,141 | ||
| Operating expenses | (388,506) | (373,568) | (361,866) | (366,905) | (278,143) | (2,438,110) | ||
| Other undisclosed operating income | 638,477 | 851,474 | 1,706,994 | 1,304,508 | 1,119,991 | 1,820,904 | ||
| Operating income: | 370,030 | 407,000 | 406,475 | 288,350 | 216,383 | 153,935 | ||
| Nonoperating income (Other Nonoperating income) | 27,769 | 26,083 | 22,295 | 24,597 | 23,878 | 11,273 | ||
| Interest and debt expense | (124,996) | (123,014) | (85,830) | (78,559) | (67,597) | (47,082) | ||
| Income from continuing operations before equity method investments, income taxes: | 272,803 | 310,069 | 342,940 | 234,388 | 172,664 | 118,126 | ||
| Income (loss) from equity method investments | 4,644 | 3,930 | 8,177 | (83,212) | 14,311 | 13,628 | ||
| Income from continuing operations before income taxes: | 277,447 | 313,999 | 351,117 | 151,176 | 186,975 | 131,754 | ||
| Income tax expense (benefit) | (39,233) | (49,275) | (76,195) | (33,286) | 6,944 | 37,751 | ||
| Income from continuing operations: | 238,214 | 264,724 | 274,922 | 117,890 | 193,919 | 169,505 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 274,922 | 117,890 | 193,919 | 169,505 | |
| Net income available to common stockholders, diluted: | 238,214 | 264,724 | 274,922 | 117,890 | 193,919 | 169,505 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 238,214 | 264,724 | 274,922 | 117,890 | 193,919 | 169,505 | ||
| Other comprehensive income (loss) | 2,168 | 1,556 | (8,974) | 9,787 | (12,528) | (15,731) | ||
| Comprehensive income: | 240,382 | 266,280 | 265,948 | 127,677 | 181,391 | 153,774 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (7,210) | (6,689) | 38,676 | |||||
| Comprehensive income, net of tax, attributable to parent: | 233,172 | 259,591 | 304,624 | 127,677 | 181,391 | 153,774 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.