Attached files
| file | filename |
|---|---|
| EX-99 - EXHIBIT 99 - SOUTH JERSEY INDUSTRIES INC | exhibit99-q12017earningsre.htm |
| 8-K - 8-K - SOUTH JERSEY INDUSTRIES INC | a8k-q12017earningsrelease.htm |
SOURCE: STEPHEN H. CLARK | 609-561-9000 | |||||||
MARISSA TRAVALINE | ||||||||
COMPANY NAME: SOUTH JERSEY INDUSTRIES, INC. | ||||||||
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 | ||||||||
March 31, | ||||||||
2017 | 2016 | |||||||
Operating Revenues: | ||||||||
Utility | $ | 195,769 | $ | 183,669 | ||||
Nonutility | 230,060 | 149,366 | ||||||
Total Operating Revenues | 425,829 | 333,035 | ||||||
Operating Expenses: | ||||||||
Cost of Sales - (Excluding depreciation) | ||||||||
- Utility | 71,379 | 65,206 | ||||||
- Nonutility | 215,763 | 87,769 | ||||||
Operations | 39,626 | 38,797 | ||||||
Maintenance | 4,981 | 4,384 | ||||||
Depreciation | 24,323 | 20,701 | ||||||
Energy and Other Taxes | 2,071 | 1,925 | ||||||
Total Operating Expenses | 358,143 | 218,782 | ||||||
Operating Income | 67,686 | 114,253 | ||||||
Other Income and Expense | 5,665 | 2,203 | ||||||
Interest Charges | (16,745 | ) | (9,160 | ) | ||||
Income Before Income Taxes | 56,606 | 107,296 | ||||||
Income Taxes | (21,870 | ) | (39,267 | ) | ||||
Equity in Earnings of Affiliated Companies | 3,011 | 158 | ||||||
Income from Continuing Operations | 37,747 | 68,187 | ||||||
Loss from Discontinued Operations - (Net of tax benefit) | (30 | ) | (118 | ) | ||||
Net Income | $ | 37,717 | $ | 68,069 | ||||
Basic Earnings per Common Share: | ||||||||
Continuing Operations | $ | 0.47 | $ | 0.96 | ||||
Discontinued Operations | — | — | ||||||
Basic Earnings per Common Share | $ | 0.47 | $ | 0.96 | ||||
Average Shares of Common Stock Outstanding - Basic | 79,519 | 71,127 | ||||||
Diluted Earnings per Common Share: | ||||||||
Continuing Operations | $ | 0.47 | $ | 0.95 | ||||
Discontinued Operations | — | — | ||||||
Diluted Earnings per Common Share | $ | 0.47 | $ | 0.95 | ||||
Average Shares of Common Stock Outstanding - Diluted | 79,641 | 71,416 | ||||||