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 millions)
9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 29 | 34 | 6 | 30 | 8 | 18 | |||
Cash and cash equivalents | 29 | 34 | 6 | 30 | 8 | 18 | |||
Receivables | 308 | 251 | 239 | 339 | 193 | 214 | |||
Inventory, net of allowances, customer advances and progress billings | 60 | 39 | 54 | 60 | 49 | 54 | |||
Inventory | 60 | 39 | 54 | 60 | 49 | 54 | |||
Prepaid expense | 34 | 24 | 27 | 31 | 41 | 17 | |||
Derivative instruments and hedges, assets | 95 | 41 | 53 | 54 | 42 | 72 | |||
Disposal group, including discontinued operation | 143 | 60 | |||||||
Other current assets | 25 | 29 | 43 | 27 | 28 | 31 | |||
Other undisclosed current assets | 88 | 88 | 86 | 62 | 78 | 66 | |||
Total current assets: | 639 | 507 | 653 | 663 | 439 | 473 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 6 | 3 | ✕ | ✕ | ✕ | ||||
Operating lease, right-of-use asset | 17 | 2 | ✕ | ✕ | ✕ | ||||
Property, plant and equipment | 205 | 113 | 12 | ||||||
Long-term investments and receivables | 103 | 137 | 100 | 13 | 13 | 39 | |||
Due from related parties | 64 | 31 | 13 | 13 | 13 | 13 | |||
Long-term investments | 39 | 106 | 87 | ||||||
Accounts and financing receivable, after allowance for credit loss | 25 | ||||||||
Intangible assets, net (including goodwill) | 721 | 724 | 716 | 735 | 16 | 21 | |||
Goodwill | 707 | 707 | 702 | 735 | 4 | 5 | |||
Intangible assets, net (excluding goodwill) | 14 | 17 | 14 | 12 | 16 | ||||
Derivative instruments and hedges | 22 | 7 | 7 | 7 | 6 | 9 | |||
Regulated entity, other noncurrent assets | 672 | 674 | 666 | 663 | 469 | 411 | |||
Other noncurrent assets | 207 | 144 | 116 | 98 | 83 | ||||
Other undisclosed noncurrent assets | 4,717 | 4,379 | 4,212 | 28 | 29 | 29 | |||
Total noncurrent assets: | 6,670 | 6,182 | 5,713 | 1,562 | 632 | 591 | |||
Other undisclosed assets | 3,731 | 2,794 | 2,666 | ||||||
TOTAL ASSETS: | 7,309 | 6,689 | 6,365 | 5,957 | 3,865 | 3,731 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 359 | 287 | 252 | 434 | 299 | 254 | |||
Interest and dividends payable | ✕ | 24 | 21 | 14 | 14 | 9 | 6 | ||
Taxes payable | ✕ | 5 | 6 | 2 | 6 | 3 | 2 | ||
Employee-related liabilities | ✕ | 4 | 4 | 4 | 2 | 2 | |||
Accounts payable | 330 | 257 | 232 | 410 | 285 | 244 | |||
Deferred revenue | 1 | 0 | ✕ | ✕ | ✕ | ||||
Debt | 400 | 739 | 1,318 | 1,004 | 410 | 528 | |||
Derivative instruments and hedges, liabilities | 61 | 28 | 43 | 25 | 48 | 61 | |||
Accrued environmental loss contingencies | 41 | 45 | 44 | 48 | 66 | 46 | |||
Disposal group, including discontinued operation | 6 | ||||||||
Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 43 | 48 | ||
Other liabilities | 54 | 28 | 35 | 36 | 16 | 15 | |||
Other undisclosed current liabilities | 40 | 36 | 34 | 34 | 0 | ||||
Total current liabilities: | 956 | 1,164 | 1,732 | 1,581 | 883 | 953 | |||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 1,148 | 1,077 | 1,131 | 995 | 661 | 676 | |||
Asset retirement obligations | 229 | 202 | 264 | 80 | 59 | 59 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 86 | 87 | 344 | ||
Deferred income tax liabilities | 199 | 150 | 92 | ✕ | ✕ | ✕ | |||
Liability, pension and other postretirement and postemployment benefits | 135 | 114 | 110 | 102 | 95 | ||||
Accrued environmental loss contingencies | 125 | 148 | 189 | 206 | 106 | 109 | |||
Regulatory liability | 399 | 421 | 443 | 478 | 287 | 49 | |||
Other liabilities | 189 | 12 | 18 | 27 | 9 | 11 | |||
Derivative instruments and hedges, liabilities | 7 | 9 | 12 | 7 | 10 | 9 | |||
Other undisclosed noncurrent liabilities | 16 | 5 | 8 | 7 | 6 | 5 | |||
Total noncurrent liabilities: | 1,165 | 1,082 | 1,140 | 1,002 | 667 | 681 | |||
Other undisclosed liabilities | 3,189 | 2,776 | 808 | ||||||
Total liabilities: | 5,309 | 5,022 | 2,871 | 2,583 | 1,550 | 2,441 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 1,989 | 1,661 | 1,424 | 1,267 | 1,192 | 1,289 | |||
Common stock | 147 | 126 | 115 | 107 | 99 | 99 | |||
Treasury stock, value | (0) | (0) | (0) | (0) | (0) | (0) | |||
Additional paid in capital | 1,559 | 1,218 | 1,028 | 843 | 710 | 707 | |||
Accumulated other comprehensive loss | (27) | (38) | (33) | (26) | (37) | (27) | |||
Retained earnings | 310 | 356 | 313 | 343 | 511 | ||||
Other undisclosed equity, attributable to parent | 420 | ||||||||
Equity, attributable to noncontrolling interest | 10 | 6 | |||||||
Total equity: | 1,999 | 1,667 | 1,424 | 1,267 | 1,192 | 1,289 | |||
Other undisclosed liabilities and equity | 2,070 | 2,107 | 1,123 | ||||||
TOTAL LIABILITIES AND EQUITY: | 7,309 | 6,689 | 6,365 | 5,957 | 3,865 | 3,731 |
Income Statement (P&L) ($ in millions)
9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Revenues | 1,992 | 1,541 | 1,629 | 1,641 | 1,243 | 1,037 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 512 | 454 | |
Cost of revenue | (1,071) | (842) | (1,061) | (1,097) | (873) | (606) | ||
Cost of goods and services sold | (39) | (37) | (32) | (866) | (599) | |||
Gross profit: | 921 | 700 | 568 | 544 | 370 | 430 | ||
Operating expenses | (572) | (417) | (366) | (444) | (366) | (241) | ||
Operating income: | 349 | 282 | 201 | 101 | 4 | 189 | ||
Nonoperating income | 5 | 8 | 4 | 2 | 15 | 10 | ||
Investment income, nonoperating | 6 | 5 | (15) | 36 | (14) | 28 | ||
Interest and debt expense | (127) | (119) | (114) | (90) | (54) | (31) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | 227 | 172 | 91 | 13 | (34) | 168 | ||
Income from equity method investments | 8 | 5 | ||||||
Income (loss) from continuing operations before income taxes: | 227 | 180 | 91 | 13 | (34) | 173 | ||
Income tax expense (benefit) | (47) | (23) | (21) | (1) | 25 | (54) | ||
Other undisclosed loss from continuing operations | (91) | |||||||
Income (loss) from continuing operations: | 89 | 157 | 70 | 12 | (9) | 119 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | 89 | 157 | 70 | 12 | (9) | 119 | |
Income (loss) from discontinued operations | (0) | 0 | ||||||
Other undisclosed net income (loss) | 0 | (0) | (0) | |||||
Net income (loss): | 89 | 157 | 70 | 12 | (9) | 119 | ||
Net income (loss) attributable to noncontrolling interest | (0) | 0 | ||||||
Other undisclosed net income attributable to parent | 7 | 5 | 6 | |||||
Net income (loss) available to common stockholders, diluted: | 88 | 157 | 77 | 18 | (3) | 119 |
Comprehensive Income ($ in millions)
9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Net income (loss): | 89 | 157 | 70 | 12 | (9) | 119 | ||
Other comprehensive income (loss) | 11 | (6) | (6) | 11 | (9) | (3) | ||
Other undisclosed comprehensive income | 0 | |||||||
Comprehensive income (loss): | 100 | 151 | 63 | 23 | (19) | 116 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 0 | ||||||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | 7 | 5 | |||||
Comprehensive income (loss), net of tax, attributable to parent: | 100 | 151 | 70 | 28 | (19) | 116 |
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.