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
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FQ2 YTD
6/30/2018
Balance Sheet Highlights ($000)
Current Assets 670,100 659,400 678,800 679,400 546,400
Net PP&E 3,817,000 4,089,500 4,406,800 4,740,800 4,923,400
Total Assets 5,146,000 5,400,000 5,800,700 6,239,300 6,296,100
Non-current Long-term Debt 1,407,300 1,712,900 1,589,900 1,738,700 1,928,700
Total Equity 1,606,600 1,683,800 1,768,100 1,849,300 1,861,800
Total Capitalization, at Book Value 3,340,300 3,484,200 3,676,500 3,937,500 4,098,400
Income Statement Highlights ($000)
Energy Operating Revenue 2,611,700 2,434,700 2,448,300 2,657,300 1,302,800
Operating Expense 2,297,200 2,072,900 2,066,800 2,338,900 1,147,600
Recurring EBITDA 597,700 621,600 649,700 601,500 300,000
Recurring EBIT 324,300 365,300 389,700 325,300 156,200
Net Income before Taxes 248,000 297,000 324,500 262,400 93,400
Net Income before Extra 166,900 197,300 211,600 216,000 85,700
Net Income 166,900 197,300 211,600 216,000 85,700
Reported Net Operating Income 314,500 361,800 381,500 318,400 139,900
Cash Flow Statement Highlights ($000)
Cash Flow from Operating Activities 488,200 505,200 524,100 498,800 218,400
Cash Flow from Investing Activities (165,700) (469,600) (509,200) (593,800) (299,900)
Cash Flow from Financing Activities (257,600) (47,300) (21,000) 43,000 74,700
Other Cash Flow 0 0 0 0 0
Net Increase in Cash and Cash Equivalents 64,900 (11,700) (6,100) (52,000) (6,800)
Operating Free Cash Flow 39,900 28,300 (17,900) (103,800) (86,900)
Balance Sheet Ratios/ Capital (%)
Total Equity/ Total Assets 31.22 31.18 30.48 29.64 29.57
Working Capital($000) (92,600) 131,600 (149,600) (258,600) (217,800)
Long-term Debt/ Book Capital 42.13 49.16 43.24 44.16 47.06
Debt/ Book Capitalization 51.90 51.67 51.91 53.03 54.57
Total Debt/ Total Equity 1.08 1.07 1.08 1.13 1.20
Preferred Incl. Mezzanine/ Book-Value Capital 0 0 0 0 0
Income Statement Ratios (%)
Recurring Revenue Growth 7.29 (6.99) 0.75 8.46 2.71
Net Income Growth 22.18 18.21 7.25 2.08 (7.75)
EPS after Extra Growth 21.70 18.30 6.70 2 (8)
Dividend Payout Ratio 72.28 64.44 63.53 65.77 87.38
Gas Revenue/ Operating Revenue 36.17 32.55 31.52 30.58 36.74
Operations & Maintenance/ Operating Expense 41.07 43.86 45.10 47.71 44.71
Gas Cost/ Operating Expense 20.40 14.73 12.90 11.61 16.28
Operating D&A/ Operating Expense 11.90 12.36 12.58 11.81 12.53
Profitability Ratios (%)
ROAA 3.32 3.82 3.86 3.65 2.75
ROAE 10.60 12.01 12.34 11.97 9.18
ROACE 10.60 12.01 12.34 11.97 9.18
Liquidity Ratios (x)
Pre-tax Interest Coverage Excl. AFUDC 3.60 4.26 4.41 3.58 2.95
Pre-tax Interest and Pfd Coverage Excl. AFUDC 3.60 4.26 4.41 3.58 2.95
Adjusted Cash Flow Coverage 7.82 8.55 9.03 8.85 5.98
Recurring EBITDA/ Adjusted Interest & Preferred 6.85 7.32 7.51 6.77 6.32
Rprtd: Fixed Charge Ratio NA NA NA NA NA
Adjusted Operating Cash Flow/ Capital Expenditures 86.28 78.19 68.68 54.21 52.93
Per Share Information ($)
Common Shares Outstanding(actual) 82,600,000 82,800,000 82,900,000 83,000,000 83,100,000
Avg Diluted Shares Out(actual) 82,500,000 82,700,000 82,800,000 83,000,000 83,100,000
Basic Book Value per Share 19.45 20.34 21.33 22.28 22.40
Basic Tangible Book Value per Share 15.50 16.35 17.38 18.37 NA
Price/ Operating Cash Flow 6.60 7.40 7.40 9.70 18.70
Common Dividends Declared per Share 1.46 1.54 1.62 1.71 0.90
Basic EPS after Extra 2.02 2.39 2.55 2.60 1.03
Diluted EPS after Extraordinary 2.02 2.39 2.55 2.60 1.03
EPS after Extra Growth 21.70 18.30 6.70 2 (8)
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.
Copyright 2018, © S&P Global Market Intelligence  Terms of Use