Attached files
file | filename |
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8-K - 8-K - Q4 2015 EARNINGS - SOUTH JERSEY INDUSTRIES INC | form8k-q42015.htm |
EX-99 - EXHIBIT 99 - Q4 2015 EARNINGS PRESS RELEASE - SOUTH JERSEY INDUSTRIES INC | exhibit99-q42015pressrelea.htm |
Source: Stephen H. Clark, Marissa Travaline | 609-561-9000 | ||||
South Jersey Industries | |||||
Market: N | |||||
Stock Symbol: SJI | |||||
South Jersey Industries, Inc. and Subsidiaries | |||||
Comparative Earnings Statements | |||||
(In Thousands Except for Per Share Data) | |||||
UNAUDITED | |||||
Three Months Ended | |||||
December 31, | |||||
2015 | 2014 | ||||
Operating Revenues: | |||||
Utility | $ 129,431 | $ 160,764 | |||
Nonutility | 128,413 | 120,333 | |||
Total Operating Revenues | 257,844 | 281,097 | |||
Operating Expenses: | |||||
Cost of Sales - (Excluding depreciation) | |||||
- Utility | 48,080 | 79,188 | |||
- Nonutility | 79,486 | 74,606 | |||
Operations | 39,859 | 40,319 |
Maintenance | 4,069 | 3,742 | |||
Depreciation | 19,780 | 16,461 | |||
Energy and Other Taxes | 1,334 | 1,330 | |||
Total Operating Expenses | 192,608 | 215,646 | |||
Operating Income | 65,236 | 65,451 | |||
Other Income and Expense | 1,988 | 1,847 | |||
Interest Charges | (7,440) | (8,862) | |||
Income Before Income Taxes | 59,784 | 58,436 | |||
Income Taxes | 1,006 | (10,415) | |||
Equity in Loss of Affiliated Companies | (9,842) | (4,029) | |||
Income from Continuing Operations | 50,948 | 43,992 | |||
Loss from Discontinued Operations - (Net of tax benefit) | (62) | (69) | |||
Net Income | $ 50,886 | $ 43,923 | |||
Basic Earnings per Common Share: | |||||
Continuing Operations | $ 0.73 | $ 0.66 | |||
Discontinued Operations | 0 | 0 | |||
Basic Earnings per Common Share | $ 0.73 | $ 0.66 | |||
Average Shares of Common Stock Outstanding - Basic | 69,460 | 67,304 | |||
Diluted Earnings per Common Share: | |||||
Continuing Operations | $ 0.73 | $ 0.65 | |||
Discontinued Operations | 0 | 0 | |||
Diluted Earnings per Common Share | $ 0.73 | $ 0.65 | |||
Average Shares of Common Stock Outstanding - Diluted | 69,646 | 67,454 | |||
Twelve Months Ended |
December 31, | |||||
2015 | 2014 | ||||
Operating Revenues: | |||||
Utility | $ 528,763 | $ 500,752 | |||
Nonutility | 430,805 | 386,244 | |||
Total Operating Revenues | 959,568 | 886,996 | |||
Operating Expenses: | |||||
Cost of Sales - (Excluding depreciation) | |||||
- Utility | 239,763 | 230,093 | |||
- Nonutility | 319,579 | 306,859 | |||
Operations | 148,672 | 140,260 | |||
Maintenance | 16,183 | 13,457 | |||
Depreciation | 72,451 | 63,004 | |||
Energy and Other Taxes | 6,026 | 5,720 | |||
Total Operating Expenses | 802,674 | 759,393 | |||
Operating Income | 156,894 | 127,603 | |||
Other Income and Expense | 9,510 | 11,819 | |||
Interest Charges | (31,622) | (29,560) | |||
Income Before Income Taxes | 134,782 | 109,862 | |||
Income Taxes | (1,360) | (4,449) | |||
Equity in Loss of Affiliated Companies | (27,812) | (7,785) | |||
Income from Continuing Operations | 105,610 | 97,628 | |||
Loss from Discontinued Operations - (Net of tax benefit) | (503) | (582) | |||
Net Income | $ 105,107 | $ 97,046 | |||
Basic Earnings per Common Share: | |||||
Continuing Operations | $ 1.54 | $ 1.47 | |||
Discontinued Operations | (0.01) | (0.01) | |||
Basic Earnings per Common Share | $ 1.53 | $ 1.46 | |||
Average Shares of Common Stock Outstanding - Basic | 68,735 | 66,278 | |||
Diluted Earnings per Common Share: | |||||
Continuing Operations | $ 1.53 | $ 1.47 | |||
Discontinued Operations | (0.01) | (0.01) |
Diluted Earnings per Common Share | $ 1.52 | $ 1.46 | |||
Average Shares of Common Stock Outstanding - Diluted | 68,931 | 66,428 |