SOUTH JERSEY INDUSTRIES INC - FORM 8-K - EX-99 - COMPARATIVE EARNINGS STATEMENT EXHIBIT

file	filename
8-K - 8-K - Q2 2015 EARNINGS RELEASE - SOUTH JERSEY INDUSTRIES INC	form8k-q22015earnings.htm
EX-99 - EARNINGS RELEASE EXHIBIT - SOUTH JERSEY INDUSTRIES INC	exhibit99-earningsrelease.htm

Source: Stephen H. Clark

Marissa Travaline

609-561-9000

South Jersey Industries, Inc. and Subsidiaries

Comparative Earnings Statements

(In Thousands Except Per Share Data)

Unaudited



			Three Months Ended
			June 30,
			2015	2014
Operating Revenues:
	Utility		$ 75,294	$ 68,903
	Nonutility		102,416	64,368

		Total Operating Revenues	177,710	133,271

Operating Expenses:
	Cost of Sales - (Excluding depreciation)
	- Utility		24,901	24,623
	- Nonutility		66,044	54,324
	Operations		33,802	30,652
	Maintenance		3,928	3,181
	Depreciation		17,430	15,495
	Energy and Other Taxes		1,265	1,241

		Total Operating Expenses	147,370	129,516

Operating Income			30,340	3,755

Other Income and Expense			3,040	4,185
Interest Charges			(7,474)	(6,846)

Income Before Income Taxes			25,906	1,094




Income Taxes			3,279	9,510
Equity in Loss of Affiliated Companies			(15,844)	(903)

Income from Continuing Operations			13,341	9,701

Loss from Discontinued Operations - (Net of tax benefit)			(74)	(80)

		Net Income	$ 13,267	$ 9,621

Basic Earnings per Common Share:

	Continuing Operations		$ 0.19	$ 0.15
	Discontinued Operations		0	0

		Basic Earnings per Common Share	$ 0.19	$ 0.15

Average Shares of Common Stock Outstanding - Basic			68,467	65,926

Diluted Earnings per Common Share:

	Continuing Operations		$ 0.19	$ 0.15
	Discontinued Operations		0	0

		Diluted Earnings per Common Share	$ 0.19	$ 0.15

Average Shares of Common Stock Outstanding - Diluted			68,653	66,074







			Six Months Ended
			June 30,
			2015	2014
Operating Revenues:
	Utility		$ 341,824	$ 279,232
	Nonutility		218,838	204,240

		Total Operating Revenues	560,662	483,472

Operating Expenses:
	Cost of Sales - (Excluding depreciation)
	- Utility		169,875	127,700
	- Nonutility		162,777	179,385
	Operations		75,663	70,002
	Maintenance		7,926	6,440
	Depreciation		34,249	30,486
	Energy and Other Taxes		3,461	3,194

		Total Operating Expenses	453,951	417,207

Operating Income			106,711	66,265

Other Income and Expense			5,281	6,553
Interest Charges			(16,075)	(13,930)

Income Before Income Taxes			95,917	58,888



Income Taxes			(13,334)	(2,359)
Equity in (Loss) Earnings of Affiliated Companies			(15,389)	1,383

Income from Continuing Operations			67,194	57,912

Loss from Discontinued Operations - (Net of tax benefit)			(350)	(393)

		Net Income	$ 66,844	$ 57,519

Basic Earnings per Common Share:

	Continuing Operations		$ 0.98	$ 0.88
	Discontinued Operations		0	0

		Basic Earnings per Common Share	$ 0.98	$ 0.88

Average Shares of Common Stock Outstanding - Basic			68,432	65,728

Diluted Earnings per Common Share:

	Continuing Operations		$ 0.98	$ 0.88
	Discontinued Operations		0	0

		Diluted Earnings per Common Share	$ 0.98	$ 0.88

Average Shares of Common Stock Outstanding - Diluted			68,636	65,880

SOUTH JERSEY INDUSTRIES INC - FORM 8-K - EX-99 - COMPARATIVE EARNINGS STATEMENT EXHIBIT - August 7, 2015