South Jersey Industries, Inc. (SJI) financial statements (2021 and earlier)

Company profile

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

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

Current Assets
Cash, cash equivalents, and short-term investments346308184
Cash and cash equivalents346308184
Inventory, net of allowances, customer advances and progress billings395460495454
Prepaid expense242731411722
Derivative instruments and hedges, assets415354427283
Disposal group, including discontinued operation 14360   
Other current assets294327283140
Other undisclosed current assets888662786645
Total current assets:507653663439473431
Noncurrent Assets
Finance lease, right-of-use asset3 
Operating lease, right-of-use asset2 
Property, plant and equipment11312    
Long-term investments and receivables13710013133949
Long-term investments10687    
Accounts and financing receivable, after allowance for credit loss    2535
Due from related parties311313131313
Intangible assets, net (including goodwill)724716735162130
Intangible assets, net (excluding goodwill)1714 121622
Derivative instruments and hedges7776916
Regulated entity, other noncurrent assets674666663469411332
Other noncurrent assets144 116988365
Other undisclosed noncurrent assets4,3794,21228292929
Total noncurrent assets:6,1825,7131,562632591521
Other undisclosed assets  3,7312,7942,6662,529
TOTAL ASSETS:6,6896,3655,9573,8653,7313,481
Current Liabilities
Accounts payable and accrued liabilities287252434299254198
Accounts payable257232410285244186
Employee-related liabilities444222
Taxes payable626322
Interest and dividends payable211414967
Deferred revenue0 
Derivative instruments and hedges, liabilities284325486191
Accrued environmental loss contingencies454448664651
Disposal group, including discontinued operation 6    
Customer advances and deposits434820
Other liabilities283536161512
Other undisclosed current liabilities3634340  
Total current liabilities:1,1641,7321,581883953832
Noncurrent Liabilities
Liabilities, other than long-term debt1,0771,131995661676583
Asset retirement obligations20226480595958
Deferred tax liabilities, net8687344296
Deferred income tax liabilities15092
Liability, pension and other postretirement and postemployment benefits1351141101029576
Accrued environmental loss contingencies14818920610610976
Regulatory liability4214434782874943
Other liabilities12182791123
Derivative instruments and hedges, liabilities912710911
Other undisclosed noncurrent liabilities5876522
Total noncurrent liabilities:1,0821,1401,002667681604
Other undisclosed liabilities2,776   8081,006
Total liabilities:5,0222,8712,5831,5502,4412,443
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6611,4241,2671,1921,2891,038
Common stock126115107999989
Treasury stock, value(0)(0)(0)(0)(0)(0)
Additional paid in capital1,2181,028843710707499
Accumulated other comprehensive loss(38)(33)(26)(37)(27)(24)
Retained earnings356313343 511474
Other undisclosed stockholders' equity attributable to parent   420  
Stockholders' equity attributable to noncontrolling interest6     
Total stockholders' equity:1,6671,4241,2671,1921,2891,038
Other undisclosed liabilities and equity 2,0702,1071,123  
TOTAL LIABILITIES AND EQUITY:6,6896,3655,9573,8653,7313,481

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

Revenue, net512454529
Cost of revenue(842)(1,061)(1,097)(873)(606)(648)
Cost of goods and services sold(39)(37)(32)(866)(599)(576)
Gross profit:700568544370430312
Operating expenses(417)(366)(444)(366)(241)(155)
Operating income:2822011014189157
Nonoperating income842151010
Investment income, nonoperating5(15)36(14)288
Interest and debt expense(119)(114)(90)(54)(31)(32)
Income (loss) from continuing operations before equity method investments, income taxes:1729113(34)168135
Income (loss) from equity method investments8   5(28)
Income (loss) from continuing operations before income taxes:1809113(34)173107
Income tax expense (benefit)(23)(21)(1)25(54)(1)
Income (loss) from continuing operations:1577012(9)119106
Income from discontinued operations0     
Income (loss) before gain (loss) on sale of properties:1577012(9)119106
Other undisclosed net loss(0)   (0)(1)
Net income (loss):1577012(9)119105
Net income attributable to noncontrolling interest0     
Other undisclosed net income attributable to parent 756  
Net income (loss) available to common stockholders, diluted:1577718(3)119105

Comprehensive Income ($ in millions)

Net income (loss):1577012(9)119105
Other comprehensive income (loss)(6)(6)11(9)(3)6
Other undisclosed comprehensive income0     
Comprehensive income (loss):1516323(19)116111
Comprehensive income, net of tax, attributable to noncontrolling interest0     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)75   
Comprehensive income (loss), net of tax, attributable to parent:1517028(19)116111

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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