SOUTH JERSEY INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT 99 -Q3 2015 MEDIA ISSUED FINANCIALS - November 5, 2015

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Table of Contents

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Thousands Except for Per Share Data)
 
Three Months Ended
September 30,
 
2015
 
2014
Operating Revenues:
 
 
 
Utility
$
57,507
 
 
$
60,756
 
Nonutility
83,555
 
 
61,671
 
Total Operating Revenues
141,062
 
 
122,427
 
Operating Expenses:
 
 
 
Cost of Sales - (Excluding depreciation)
 
 
 
 - Utility
21,808
 
 
23,205
 
 - Nonutility
77,316
 
 
52,868
 
Operations
33,150
 
 
29,939
 
Maintenance
4,188
 
 
3,275
 
Depreciation
18,422
 
 
16,057
 
Energy and Other Taxes
1,231
 
 
1,196
 
Total Operating Expenses
156,115
 
 
126,540
 
Operating Loss
-15,053
)
 
-4,113
)
 
 
 
 
Other Income and Expense
2,241
 
 
3,419
 
Interest Charges
-8,107
)
 
-6,768
)
Loss Before Income Taxes
-20,919
)
 
-7,462
)
Income Taxes
10,968
 
 
8,325
 
Equity in Loss of Affiliated Companies
-2,581
)
 
-5,139
)
Loss from Continuing Operations
-12,532
)
 
-4,276
)
Loss from Discontinued Operations - (Net of tax benefit)
-91
)
 
-120
)
Net Loss
$
-12,623
)
 
$
-4,396
)
 
 
 
 
Basic Earnings Per Common Share:
 
 
 
Continuing Operations
$
-0.18
)
 
$
-0.07
)
Discontinued Operations
0
 
 
0
 
Basic Earnings Per Common Share
$
-0.18
)
 
$
-0.07
)
 
 
 
 
Average Shares of Common Stock Outstanding - Basic
68,607
 
 
66,332
 
 
 
 
 
Diluted Earnings Per Common Share:
 
 
 
Continuing Operations
$
-0.18
)
 
$
-0.07
)
Discontinued Operations
0
 
 
0
 
Diluted Earnings Per Common Share
$
-0.18
)
 
$
-0.07
)
 
 
 
 
Average Shares of Common Stock Outstanding - Diluted
68,607
 
 
66,332
 
 
 
 
 
Dividends Declared Per Common Share
$
0.25
 
 
$
0.24
 





The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. All share and per share amounts were adjusted for all periods presented for the 2-for-1 stock split, effected in the form of a stock dividend, effective on May 8, 2015. See Note 1.

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Thousands Except for Per Share Data)
 
Nine Months Ended
September 30,
 
2015
 
2014
Operating Revenues:
 
 
 
Utility
$
399,332
 
 
$
339,988
 
Nonutility
302,393
 
 
265,911
 
Total Operating Revenues
701,725
 
 
605,899
 
Operating Expenses:
 
 
 
Cost of Sales - (Excluding depreciation)
 
 
 
 - Utility
191,683
 
 
150,905
 
 - Nonutility
240,093
 
 
232,253
 
Operations
108,813
 
 
99,941
 
Maintenance
12,114
 
 
9,715
 
Depreciation
52,671
 
 
46,543
 
Energy and Other Taxes
4,693
 
 
4,390
 
Total Operating Expenses
610,067
 
 
543,747
 
Operating Income
91,658
 
 
62,152
 
 
 
 
 
Other Income and Expense
7,522
 
 
9,972
 
Interest Charges
-24,182
)
 
-20,698
)
Income Before Income Taxes
74,998
 
 
51,426
 
Income Taxes
-2,366
)
 
5,966
 
Equity in Loss of Affiliated Companies
-17,970
)
 
-3,756
)
Income from Continuing Operations
54,662
 
 
53,636
 
Loss from Discontinued Operations - (Net of tax benefit)
-441
)
 
-513
)
Net Income
$
54,221
 
 
$
53,123
 
 
 
 
 
Basic Earnings Per Common Share:
 
 
 
Continuing Operations
$
0.80
 
 
$
0.81
 
Discontinued Operations
-0.01
)
 
0
 
Basic Earnings Per Common Share
$
0.79
 
 
$
0.81
 
 
 
 
 
Average Shares of Common Stock Outstanding - Basic
68,491
 
 
65,932
 
 
 
 
 
Diluted Earnings Per Common Share:
 
 
 
Continuing Operations
$
0.80
 
 
$
0.81
 
Discontinued Operations
-0.01
)
 
0
 
Diluted Earnings Per Common Share
$
0.79
 
 
$
0.81
 
 
 
 
 
Average Shares of Common Stock Outstanding - Diluted
68,689
 
 
66,082
 
 
 
 
 
Dividends Declared per Common Share
$
0.75
 
 
$
0.71
 





The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. All share and per share amounts were adjusted for all periods presented for the 2-for-1 stock split, effected in the form of a stock dividend, effective on May 8, 2015. See Note 1.



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