South Jersey Industries, Inc. (SJI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 SOUTH JERSEY PLAZA
FOLSOM, NJ 08037
State of Incorp. NJ
Fiscal Year End December 31
Industry (SIC) 4924 - Natural Gas Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,47232,52228,75425,41587,89930,386
Cash and cash equivalents53,47232,52228,75425,41587,89930,386
Receivables355,489437,635307,767260,344218,769294,513
Inventory, net of allowances, customer advances and progress billings69,61519,61359,74465,32540,10118,800
Inventory69,61519,61359,74465,32540,10118,800
Prepaid expense43,69912,10033,97747,50542,97213,623
Derivative instruments and hedges, assets157,217150,13395,041141,69083,51138,541
Other current assets27,49024,27125,26930,31121,48723,148
Other undisclosed current assets1,6331,08288,4101,06632,27969,904
Total current assets:708,615677,356638,962571,656527,018488,915
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   5,589   
Operating lease, right-of-use asset   16,733 6,600 
Property, plant and equipment   205,136   
Long-term investments and receivables165,233132,964102,76391,11370,664143,771
Due from related parties94,96979,08064,25454,95638,15530,835
Long-term investments70,26453,88438,50936,15732,509112,936
Intangible assets, net (including goodwill)706,960706,960721,003721,691723,078722,661
Goodwill706,960706,960706,960706,960706,960706,960
Intangible assets, net (excluding goodwill)   14,04314,73116,11815,701
Derivative instruments and hedges61,92352,10222,48837,30725,11016,084
Regulated entity, other noncurrent assets643,014624,229672,416669,487670,176650,710
Other noncurrent assets209,587213,002206,699158,866153,116137,622
Other undisclosed noncurrent assets5,165,2695,050,2134,716,8834,773,8914,657,3474,554,745
Total noncurrent assets:6,951,9866,779,4706,669,7106,452,3556,306,0916,225,593
TOTAL ASSETS:7,660,6017,456,8267,308,6727,024,0116,833,1096,714,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities559,134440,454358,712380,588295,362298,459
Interest and dividends payable60,01573,97823,61170,45857,39162,117
Taxes payable4,5597,8444,9375,4718,15914,560
Employee-related liabilities 3,7043,7043,704
Accounts payable429,986358,632330,164300,955226,108218,078
Accrued liabilities64,574     
Deferred revenue356532753764653514
Debt364,976156,776400,081208,576115,676314,101
Derivative instruments and hedges, liabilities147,23993,89360,570106,80464,34222,339
Accrued environmental loss contingencies39,65437,50640,90541,15044,05347,803
Other liabilities40,47853,04954,31143,06540,44340,444
Other undisclosed current liabilities(32,438)26,58140,35037,83329,07229,039
Total current liabilities:1,119,399808,791955,682818,780589,601752,699
Noncurrent Liabilities
Liabilities, other than long-term debt1,175,4221,232,8551,148,4611,148,1941,153,4191,143,355
Asset retirement obligations233,061231,113229,030205,355204,434203,539
Deferred income tax liabilities224,421241,220198,901173,242181,215188,800
Liability, pension and other postretirement and postemployment benefits    128,984130,615132,199
Accrued environmental loss contingencies124,984123,109125,176131,124135,922139,954
Regulatory liability408,942443,639398,951418,422404,826418,089
Other liabilities179,983188,192188,97183,60088,54253,835
Derivative instruments and hedges, liabilities4,0315,5827,4327,4677,8656,939
Other undisclosed noncurrent liabilities50,44634,68116,07925,12417,91211,818
Total noncurrent liabilities:1,225,8681,267,5361,164,5401,173,3181,171,3311,155,173
Other undisclosed liabilities3,177,9913,187,5713,189,0093,195,8693,177,3533,063,394
Total liabilities:5,523,2585,263,8985,309,2315,187,9674,938,2854,971,266
Equity
Equity, attributable to parent2,126,9302,182,5911,989,1521,828,5871,887,3991,737,118
Common stock153,081153,009146,675140,561140,557128,215
Treasury stock, value(316)(255)(287)(280)(268)(264)
Additional paid in capital1,654,5031,653,3131,559,0601,463,6551,462,3221,193,552
Accumulated other comprehensive loss(26,712)(26,720)(26,729)(38,191)(38,200)(38,208)
Retained earnings346,374403,244310,433262,842322,988453,823
Equity, attributable to noncontrolling interest10,41310,33710,2897,4577,4256,124
Total equity:2,137,3432,192,9281,999,4411,836,0441,894,8241,743,242
TOTAL LIABILITIES AND EQUITY:7,660,6017,456,8267,308,6727,024,0116,833,1096,714,508

Income Statement (P&L) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Other undisclosed loss before gain (loss) on sale of properties(14)
Revenues511,431824,578640,237365,631311,828674,300
Cost of revenue(451,460)(536,881)(169,973)(322,733)(156,383)(415,389)
Cost of goods and services sold    (61,198)(62,881)(70,103)
Gross profit:59,971287,697470,26442,898155,445258,911
Operating expenses(72,117)(89,097)(320,608)(51,871)(143,836)(62,083)
Operating income (loss):(12,146)198,600149,656(8,973)11,609196,828
Nonoperating income (expense)2,8912,603(3,293)2,2253,5922,068
Investment income, nonoperating   40,656(19,815)(15,230)(44)
Interest and debt expense(31,561)(31,579)(33,018)(31,468)(31,185)(31,459)
Income (loss) from continuing operations before equity method investments, income taxes:(40,816)169,624113,345(38,216)(15,984)167,437
Income (loss) from equity method investments7145681,589659(85,378)3,130
Income (loss) from continuing operations before income taxes:(40,745)170,080194,934(37,557)(101,362)170,567
Income tax expense (benefit)22,067(40,666)(21,767)11,7274,702(41,769)
Other undisclosed loss from continuing operations   (90,961)   
Income (loss) from continuing operations:(18,678)129,41482,206(25,830)(96,660)128,798
Income (loss) before gain (loss) on sale of properties:(18,678)129,41482,192(25,830)(96,660)128,798
Other undisclosed net income (loss)(152)(70)343(127)(80)(71)
Net income (loss):(18,830)129,34482,535(25,957)(96,740)128,727
Net loss attributable to noncontrolling interest(76)(135)(84)(173)(88)(129)
Net income (loss) available to common stockholders, diluted:(18,906)129,20982,451(26,130)(96,828)128,598

Comprehensive Income ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):(18,830)129,34482,535(25,957)(96,740)128,727
Other comprehensive income8911,462988
Comprehensive income (loss):(18,822)129,35393,997(25,948)(96,732)128,735
Comprehensive loss, net of tax, attributable to noncontrolling interest(76)(135)(84)(173)(88)(129)
Comprehensive income (loss), net of tax, attributable to parent:(18,898)129,21893,913(26,121)(96,820)128,606

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.

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