Page 79 - SWGas Annual Report 2015

The financial information pertaining to the natural gas operations and construction services segments for each of
the three years in the period ended December 31, 2015 is as follows (thousands of dollars):

2015 Gas Construction Adjustments Total
Revenues from unaffiliated customers Operations Services $2,359,509
Intersegment sales
$1,454,639 $ 904,870 104,116
Total — 104,116 $2,463,625
Interest revenue $ 2,173
Interest expense $1,454,639 $1,008,986 $ 71,879
Depreciation and amortization $ 270,111
Income tax expense $ 1,754 $ 419 $ 79,902
Segment net income $ 138,317
Segment assets $ 64,095 $ 7,784 $5,358,685
Capital expenditures $ 488,000
$ 213,455 $ 56,656

$ 61,355 $ 18,547

$ 111,625 $ 26,692

$4,822,845 $ 535,840

$ 438,289 $ 49,711

2014 Gas Construction Total
Revenues from unaffiliated customers Operations Services Adjustments (a)
Intersegment sales
$1,382,087 $ 647,432 $2,029,519
Total — 92,188 92,188
Interest revenue
Interest expense $1,382,087 $ 739,620 $2,121,707
Depreciation and amortization
Income tax expense $ 2,596 $ 6 $ 2,602
Segment net income
Segment assets $ 68,299 $ 3,770 $ 72,069
Capital expenditures
$ 204,144 $ 48,883 $ 253,027

$ 63,597 $ 14,776 $ 78,373

$ 116,872 $ 24,254 $ 141,126

$4,652,307 $ 566,589 $(10,599) $5,208,297

$ 350,025 $ 46,873 $ 396,898

2013 Gas Construction Total
Revenues from unaffiliated customers Operations Services Adjustments (b)
Intersegment sales
$1,300,154 $ 562,475 $1,862,629
Total — 88,153 88,153
Interest revenue
Interest expense $1,300,154 $ 650,628 $1,950,782
Depreciation and amortization
Income tax expense $ 456 $ 5 $ 461
Segment net income
Segment assets $ 62,555 $ 1,145 $ 63,700
Capital expenditures
$ 193,848 $ 42,969 $ 236,817

$ 65,377 $ 12,565 $ 77,942

$ 124,169 $ 21,151 $ 145,320

$4,272,029 $ 293,811 $ (666) $4,565,174

$ 314,578 $ 49,698 $ 364,276

Southwest Gas Corporation