Financial Highlights

Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
Financial Highlights
2013 FY
12/31/2013
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FQ1 YTD
3/31/2017
Balance Sheet Highlights ($000)
Current Assets 630,400 670,100 659,400 678,800 525,100
Net PP&E 3,881,500 3,817,000 4,089,500 4,406,800 4,454,100
Total Assets 5,102,600 5,146,000 5,400,000 5,800,700 5,712,600
Non-current Long-term Debt 1,777,100 1,407,300 1,712,900 1,589,900 1,590,200
Total Equity 1,554,300 1,606,600 1,683,800 1,768,100 1,790,400
Total Capitalization, at Book Value 3,430,000 3,340,300 3,484,200 3,676,500 3,606,100
Income Statement Highlights ($000)
Energy Operating Revenue 2,491,200 2,611,700 2,434,700 2,448,300 624,500
Operating Expense 2,157,600 2,297,200 2,072,900 2,066,800 523,100
Recurring EBITDA 563,500 597,700 621,600 649,700 176,700
Recurring EBIT 285,700 324,300 365,300 389,700 108,900
Net Income before Taxes 203,700 248,000 297,000 324,500 87,600
Net Income before Extra 136,600 166,900 197,300 211,600 55,400
Net Income 136,600 166,900 197,300 211,600 55,400
Reported Net Operating Income 333,600 314,500 361,800 381,500 101,400
Cash Flow Statement Highlights ($000)
Cash Flow from Operating Activities 587,000 488,200 505,200 524,100 212,500
Cash Flow from Investing Activities (405,100) (165,700) (469,600) (509,200) (122,100)
Cash Flow from Financing Activities (179,900) (257,600) (47,300) (21,000) (126,400)
Other Cash Flow 0 0 0 0 0
Net Increase in Cash and Cash Equivalents 2,000 64,900 (11,700) (6,100) (36,000)
Operating Free Cash Flow 193,600 39,900 28,300 (17,900) 88,900
Balance Sheet Ratios/ Capital (%)
Total Equity/ Total Assets 30.46 31.22 31.18 30.48 31.34
Working Capital($000) 119,900 (92,600) 131,600 (149,600) (150,200)
Long-term Debt/ Book Capital 51.81 42.13 49.16 43.24 44.10
Debt/ Book Capitalization 54.69 51.90 51.67 51.91 50.35
Total Debt/ Total Equity 1.21 1.08 1.07 1.08 1.01
Preferred Incl. Mezzanine/ Book-Value Capital 0 0 0 0 0
Income Statement Ratios (%)
Recurring Revenue Growth 10.40 7.29 (6.99) 0.75 7.06
Net Income Growth (14.09) 22.18 18.21 7.25 14.70
EPS after Extra Growth (14.40) 21.70 18.30 6.70 15.50
Dividend Payout Ratio 85.84 72.28 64.44 63.53 62.69
Gas Revenue/ Operating Revenue 32.51 36.17 32.55 31.52 46.89
Operations & Maintenance/ Operating Expense 41.32 41.07 43.86 45.10 42.88
Gas Cost/ Operating Expense 16.60 20.40 14.73 12.90 21.58
Operating D&A/ Operating Expense 12.88 11.90 12.36 12.58 12.96
Profitability Ratios (%)
ROAA 2.70 3.32 3.82 3.86 3.85
ROAE 8.90 10.60 12.01 12.34 12.45
ROACE 8.90 10.60 12.01 12.34 12.45
Liquidity Ratios (x)
Pre-tax Interest Coverage Excl. AFUDC 3.77 3.60 4.26 4.41 4.76
Pre-tax Interest and Pfd Coverage Excl. AFUDC 3.77 3.60 4.26 4.41 4.76
Adjusted Cash Flow Coverage 7.38 7.82 8.55 9.03 7.87
Recurring EBITDA/ Adjusted Interest & Preferred 6.37 6.85 7.32 7.51 8.30
Rprtd: Fixed Charge Ratio NA NA NA NA NA
Adjusted Operating Cash Flow/ Capital Expenditures 102.74 86.28 78.19 68.68 90.13
Per Share Information ($)
Common Shares Outstanding(actual) 82,400,000 82,600,000 82,800,000 82,900,000 83,000,000
Avg Diluted Shares Out(actual) 82,400,000 82,500,000 82,700,000 82,800,000 83,000,000
Basic Book Value per Share 18.86 19.45 20.34 21.33 21.57
Basic Tangible Book Value per Share 15.36 15.50 16.35 17.38 NA
Price/ Operating Cash Flow 3.70 6.60 7.40 7.40 5.70
Common Dividends Declared per Share 1.43 1.46 1.54 1.62 0.42
Basic EPS after Extra 1.66 2.02 2.39 2.55 0.67
Diluted EPS after Extraordinary 1.66 2.02 2.39 2.55 0.67
EPS after Extra Growth (14.40) 21.70 18.30 6.70 15.50
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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