NewJersey Resources Corporation (NJR) financial statements (2022 and earlier)

Company profile

Business Address 1415 WYCKOFF RD
WALL, NJ 07719
State of Incorp. NJ
Fiscal Year End September 30
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1511731238
Cash and cash equivalents1511731238
Receivables315199136140207198144
Inventory, net of allowances, customer advances and progress billings243194168170185202206
Inventory243194168170185202206
Prepaid expense38593123232534
Derivative instruments and hedges, assets40352325273030
Regulatory current assets39303733185154
Assets held-for-sale, not part of disposal group    207 8
Other current assets23202131343335
Other undisclosed current assets62929088683858
Total current assets:760634622512770579607
Noncurrent Assets
Finance lease, right-of-use asset231371 
Operating lease, right-of-use asset174174132 
Property, plant and equipment1,589707803    
Long-term investments and receivables147147244200191238197
Long-term investments114115208200191238197
Accounts and financing receivable, after allowance for credit loss333235    
Intangible assets, net (including goodwill)4510152341 
Intangible assets, net (excluding goodwill)4510152341 
Derivative instruments and hedges23371195
Regulated entity, other noncurrent assets528522527497369376441
Restricted cash and investments112    
Other noncurrent assets505079101967569
Other undisclosed noncurrent assets2,7023,4653,076 33  
Total noncurrent assets:5,2215,0884,947820723739712
Other undisclosed assets   3,0412,6512,6102,408
TOTAL ASSETS:5,9815,7225,5704,3734,1443,9293,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17522914413313799108
Accounts payable16822514213013597107
Taxes payable7333221
Deferred revenue92   
Debt56245015347275431183
Derivative instruments and hedges, liabilities30873458474761
Regulatory liability192826 809
Customer advances and deposits2733
Other undisclosed current liabilities220258177209284199177
Total current liabilities:1,0981,051534446751803572
Noncurrent Liabilities
Long-term debt and lease obligation170156159    
Finance lease, liability291564 
Operating lease, liability14114195 
Liabilities, other than long-term debt736736836836542377451
Deferred revenue and credits3233
Accumulated deferred investment tax credit33344
Asset retirement obligations47463431293128
Deferred income tax liabilities179164191191
Liability, pension and other postretirement and postemployment benefits167169237247137129142
Accrued environmental loss contingencies127135151131131149172
Regulatory liability1911931962022091541
Other liabilities812111291010
Derivative instruments and hedges, liabilities15131319231125
Other undisclosed noncurrent liabilities(14)(14)(63)2252515474
Total noncurrent liabilities:892878932838793892925
Total liabilities:1,9901,9291,4661,2841,5441,6951,497
Stockholders' equity
Stockholders' equity attributable to parent1,7171,6311,8451,5521,4191,2371,167
Common stock241241240227226222222
Treasury stock, value (12)8(10)(76)(70)(81)
Additional paid in capital513503492291275220216
Accumulated other comprehensive loss(33)(35)(44)(32)(13)(3)(15)
Retained earnings1,0119351,1481,0761,007868826
Other undisclosed stockholders' equity attributable to parent(15)      
Total stockholders' equity:1,7171,6311,8451,5521,4191,2371,167
Other undisclosed liabilities and equity2,2742,1622,2591,5371,1819971,064
TOTAL LIABILITIES AND EQUITY:5,9815,7225,5704,3734,1443,9293,727

Income statement (P&L) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues9108528347822,9152,2691,881
Cost of revenue(1,682)(1,501)(1,459)(11)(1,991)(49)(205)
Cost of goods and services sold   (11)(1,991)(49)(205)
Gross profit:(772)(649)(625)7719242,2191,676
Operating expenses(362)(367)(278)(2,438)(2,719)(2,102)(1,713)
Other undisclosed operating income1,4681,3051,1201,8211,99149205
Operating income:334288216154196167168
Nonoperating income
(Other Nonoperating income)
2525241117149
Interest and debt expense(78)(79)(68)(47)(46)(45)(31)
Income from continuing operations before equity method investments, income taxes:280234173118167137146
Income (loss) from equity method investments(85)(83)1414131410
Income from continuing operations before income taxes:195151187132180150155
Income tax expense (benefit)(47)(33)73854(18)(24)
Net income available to common stockholders, diluted:148118194170233132132

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:148118194170233132132
Other comprehensive income (loss)1010(13)(16)(6)12(6)
Comprehensive income, net of tax, attributable to parent:158128181154227144126

Statements sources

The financial statements are based on the company's filings with the 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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