South Jersey Industries, Inc. (SJI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2934630818
Cash and cash equivalents2934630818
Receivables308251239339193214
Inventory, net of allowances, customer advances and progress billings603954604954
Inventory603954604954
Prepaid expense342427314117
Derivative instruments and hedges, assets954153544272
Disposal group, including discontinued operation  14360  
Other current assets252943272831
Other undisclosed current assets888886627866
Total current assets:639507653663439473
Noncurrent Assets
Finance lease, right-of-use asset63 
Operating lease, right-of-use asset172 
Property, plant and equipment20511312   
Long-term investments and receivables103137100131339
Long-term investments3910687   
Accounts and financing receivable, after allowance for credit loss     25
Due from related parties643113131313
Intangible assets, net (including goodwill)7217247167351621
Goodwill70770770273545
Intangible assets, net (excluding goodwill)141714 1216
Derivative instruments and hedges2277769
Regulated entity, other noncurrent assets672674666663469411
Other noncurrent assets207144 1169883
Other undisclosed noncurrent assets4,7174,3794,212282929
Total noncurrent assets:6,6706,1825,7131,562632591
Other undisclosed assets   3,7312,7942,666
TOTAL ASSETS:7,3096,6896,3655,9573,8653,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities359287252434299254
Accounts payable330257232410285244
Employee-related liabilities 44422
Taxes payable562632
Interest and dividends payable2421141496
Deferred revenue10 
Debt4007391,3181,004410528
Derivative instruments and hedges, liabilities612843254861
Accrued environmental loss contingencies414544486646
Disposal group, including discontinued operation  6   
Customer advances and deposits4348
Other liabilities542835361615
Other undisclosed current liabilities403634340 
Total current liabilities:9561,1641,7321,581883953
Noncurrent Liabilities
Liabilities, other than long-term debt1,1481,0771,131995661676
Asset retirement obligations229202264805959
Deferred tax liabilities, net8687344
Deferred income tax liabilities19915092
Liability, pension and other postretirement and postemployment benefits 13511411010295
Accrued environmental loss contingencies125148189206106109
Regulatory liability39942144347828749
Other liabilities189121827911
Derivative instruments and hedges, liabilities79127109
Other undisclosed noncurrent liabilities1658765
Total noncurrent liabilities:1,1651,0821,1401,002667681
Other undisclosed liabilities3,1892,776   808
Total liabilities:5,3095,0222,8712,5831,5502,441
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9891,6611,4241,2671,1921,289
Common stock1471261151079999
Treasury stock, value(0)(0)(0)(0)(0)(0)
Additional paid in capital1,5591,2181,028843710707
Accumulated other comprehensive loss(27)(38)(33)(26)(37)(27)
Retained earnings310356313343 511
Other undisclosed stockholders' equity attributable to parent    420 
Stockholders' equity attributable to noncontrolling interest106    
Total stockholders' equity:1,9991,6671,4241,2671,1921,289
Other undisclosed liabilities and equity  2,0702,1071,123 
TOTAL LIABILITIES AND EQUITY:7,3096,6896,3655,9573,8653,731

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,9921,5411,6291,6411,2431,037
Revenue, net512454
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:921700568544370430
Operating expenses(572)(417)(366)(444)(366)(241)
Operating income:3492822011014189
Nonoperating income58421510
Investment income, nonoperating65(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:2271729113(34)168
Income from equity method investments 8   5
Income (loss) from continuing operations before income taxes:2271809113(34)173
Income tax expense (benefit)(47)(23)(21)(1)25(54)
Other undisclosed loss from continuing operations(91)     
Income (loss) from continuing operations:891577012(9)119
Income (loss) from discontinued operations(0)0    
Income (loss) before gain (loss) on sale of properties:891577012(9)119
Other undisclosed net income (loss)0(0)   (0)
Net income (loss):891577012(9)119
Net income (loss) attributable to noncontrolling interest(0)0    
Other undisclosed net income attributable to parent  756 
Net income (loss) available to common stockholders, diluted:881577718(3)119

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):891577012(9)119
Other comprehensive income (loss)11(6)(6)11(9)(3)
Other undisclosed comprehensive income 0    
Comprehensive income (loss):1001516323(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)75  
Comprehensive income (loss), net of tax, attributable to parent:1001517028(19)116

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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