Southwest Gas Holdings, Inc(NYSE:SWX) 
Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates in two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2020, it had 2,123,000 residential, comm...
Website: http://www.swgasholdings.com
Founded: 1931
Full Time Employees: 8,944
Sector: Utilities
Industry: Utilities-Regulated Gas
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
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operating revenues: | |||||||||||||||||||||||||||||||||||
regulated operations revenues | 585,119,000 | 480,735,000 | 316,911,000 | 396,318,000 | 746,416,000 | 553,059,000 | 359,131,000 | 510,093,000 | 1,052,933,000 | 702,216,000 | 394,603,000 | 487,866,000 | 950,011,000 | 648,998,000 | 367,122,000 | 440,030,000 | 743,532,000 | ||||||||||||||||||
total operating revenues | 585,119,000 | 480,735,000 | 316,911,000 | 1,120,370,000 | 1,296,497,000 | 1,270,137,000 | 1,079,184,000 | 1,182,168,000 | 1,580,956,000 | 1,367,531,000 | 1,169,492,000 | 1,293,645,000 | 1,603,304,000 | 1,420,892,000 | 1,125,588,000 | 1,146,120,000 | 1,267,409,000 | 1,084,427,000 | 888,696,000 | 821,421,000 | 885,907,000 | 914,080,000 | 791,226,000 | 757,247,000 | 836,320,000 | 848,137,000 | 725,230,000 | 713,011,000 | 833,539,000 | 668,146,000 | 670,883,000 | 754,330,000 | 593,153,000 | 560,469,000 | 654,737,000 |
operating expenses: | |||||||||||||||||||||||||||||||||||
net cost of gas sold | 108,154,000 | 68,238,000 | 42,685,000 | 102,134,000 | 284,579,000 | 165,817,000 | 111,712,000 | 242,479,000 | 629,997,000 | 344,623,000 | 170,056,000 | 231,053,000 | 507,537,000 | 251,291,000 | 100,991,000 | 147,860,000 | 298,918,000 | 134,680,000 | 63,710,000 | 76,496,000 | 156,021,000 | 78,222,000 | 36,321,000 | 67,473,000 | 160,821,000 | 92,310,000 | 35,068,000 | 65,182,000 | 192,604,000 | 49,903,000 | 83,466,000 | 185,732,000 | 45,539,000 | 69,421,000 | 146,879,000 |
operations and maintenance | 133,001,000 | 141,119,000 | 134,777,000 | 138,696,000 | 131,251,000 | 134,978,000 | 131,416,000 | 134,623,000 | 135,146,000 | 139,528,000 | 126,851,000 | 128,795,000 | 148,908,000 | 157,436,000 | 154,236,000 | 175,791,000 | 149,303,000 | 138,696,000 | 122,927,000 | 104,833,000 | 106,690,000 | 103,152,000 | 101,764,000 | 99,419,000 | 103,781,000 | 102,960,000 | 109,652,000 | 105,293,000 | 106,245,000 | 105,508,000 | 105,435,000 | 102,351,000 | 102,278,000 | 103,060,000 | 109,150,000 |
depreciation and amortization | 99,603,000 | 89,021,000 | 79,073,000 | 103,163,000 | 127,913,000 | 115,865,000 | 107,361,000 | 96,072,000 | 119,142,000 | 111,163,000 | 105,520,000 | 111,705,000 | 112,520,000 | 122,866,000 | 116,933,000 | 108,010,000 | 122,646,000 | 103,371,000 | 91,380,000 | 82,848,000 | 93,442,000 | 87,018,000 | 80,139,000 | 77,217,000 | 87,653,000 | 79,986,000 | 75,370,000 | 70,342,000 | 77,539,000 | 62,156,000 | 61,307,000 | 62,478,000 | 58,529,000 | 58,082,000 | 72,478,000 |
taxes other than income taxes | 25,015,000 | 23,691,000 | 23,368,000 | 23,250,000 | 23,761,000 | 22,551,000 | 22,283,000 | 21,228,000 | 22,903,000 | 21,770,000 | 21,147,000 | 21,604,000 | 24,230,000 | 22,605,000 | 23,356,000 | 22,606,000 | 24,816,000 | 20,209,000 | 20,109,000 | 19,338,000 | 20,687,000 | 15,953,000 | 15,787,000 | 15,342,000 | 16,378,000 | 15,688,000 | 15,308,000 | 15,126,000 | 16,206,000 | 15,036,000 | 14,666,000 | 15,257,000 | 14,046,000 | 14,497,000 | 14,782,000 |
total operating expenses | 365,773,000 | 322,069,000 | 279,903,000 | 1,024,914,000 | 1,096,075,000 | 1,089,196,000 | 1,017,700,000 | 1,098,947,000 | 1,422,831,000 | 1,229,402,000 | 1,109,261,000 | 1,208,874,000 | 1,468,105,000 | 1,709,381,000 | 1,075,651,000 | 1,100,460,000 | 1,098,915,000 | 970,899,000 | 865,396,000 | 762,155,000 | 712,454,000 | 761,285,000 | 736,962,000 | 689,675,000 | 687,947,000 | 709,933,000 | 686,972,000 | 658,142,000 | 693,059,000 | 628,465,000 | 617,545,000 | 624,770,000 | 563,021,000 | 517,061,000 | 535,245,000 |
operating income | 219,346,000 | 158,666,000 | 37,008,000 | 95,456,000 | 200,422,000 | 180,941,000 | 61,484,000 | 83,221,000 | 158,125,000 | 138,129,000 | 60,231,000 | 84,771,000 | 135,199,000 | -288,489,000 | 49,937,000 | 45,660,000 | 168,494,000 | 113,528,000 | 23,300,000 | 59,266,000 | 173,453,000 | 152,795,000 | 54,264,000 | 67,572,000 | 148,373,000 | 138,204,000 | 38,258,000 | 54,869,000 | 140,480,000 | 39,681,000 | 53,338,000 | 129,560,000 | 30,132,000 | 43,408,000 | 119,492,000 |
yoy | 9.44% | -12.31% | -39.81% | 14.70% | 26.75% | 30.99% | 2.08% | -1.83% | 16.96% | -147.88% | 20.61% | 85.66% | -19.76% | -354.11% | 114.32% | -22.96% | -2.86% | -25.70% | -57.06% | -12.29% | 16.90% | 10.56% | 41.84% | 23.15% | 5.62% | 248.29% | -28.27% | -57.65% | 366.22% | -8.59% | -55.36% | ||||
qoq | 38.24% | 328.73% | -61.23% | -52.37% | 10.77% | 194.29% | -26.12% | -47.37% | 14.48% | 129.33% | -28.95% | -37.30% | -146.86% | -677.71% | 9.37% | -72.90% | 48.42% | 387.24% | -60.69% | -65.83% | 13.52% | 181.58% | -19.69% | -54.46% | 7.36% | 261.24% | -30.27% | -60.94% | 254.02% | -25.60% | -58.83% | 329.97% | -30.58% | -63.67% | |
other income and | |||||||||||||||||||||||||||||||||||
net interest deductions | -45,743,000 | -46,294,000 | -49,003,000 | -71,612,000 | -72,281,000 | -73,938,000 | -77,731,000 | -73,769,000 | -71,605,000 | -73,607,000 | -71,998,000 | -69,347,000 | -77,334,000 | -76,808,000 | -64,373,000 | -53,206,000 | -48,363,000 | -37,997,000 | -31,298,000 | -25,939,000 | -23,964,000 | -28,336,000 | -28,311,000 | -26,450,000 | -28,380,000 | -28,564,000 | -27,434,000 | -26,831,000 | -26,397,000 | -24,548,000 | -23,652,000 | -22,631,000 | -19,494,000 | -18,655,000 | -18,714,000 |
other income | 10,991,000 | 17,439,000 | 15,367,000 | 18,421,000 | 8,715,000 | 4,750,000 | 16,758,000 | 14,939,000 | 18,121,000 | 18,777,000 | 14,464,000 | 19,604,000 | 18,460,000 | -6,191,000 | 1,593,000 | -2,835,000 | 1,244,000 | 476,000 | -3,112,000 | -1,311,000 | 448,000 | 4,257,000 | 1,799,000 | 7,925,000 | -20,770,000 | 3,258,000 | -1,158,000 | 1,146,000 | 6,839,000 | 889,000 | -2,706,000 | -4,334,000 | 2,876,000 | 2,047,000 | 3,865,000 |
total other | -34,752,000 | -28,539,500 | -33,636,000 | -53,484,000 | |||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 184,594,000 | 129,811,000 | 3,372,000 | ||||||||||||||||||||||||||||||||
income tax expense | 46,220,000 | 59,978,000 | -803,000 | 52,594,000 | 27,669,000 | 17,352,000 | -2,152,000 | 4,181,000 | 17,079,000 | 9,658,000 | -1,270,000 | 4,769,000 | 28,675,000 | -93,953,000 | -1,525,000 | -4,300,000 | 24,125,000 | 4,830,000 | -1,816,000 | 5,542,000 | 31,092,000 | 23,680,000 | 6,689,000 | 9,166,000 | 26,218,000 | 20,992,000 | 3,141,000 | 6,352,000 | 25,538,000 | 3,691,000 | 5,429,000 | 24,301,000 | 3,094,000 | 8,679,000 | 35,638,000 |
income from continuing operations | 138,374,000 | 69,833,000 | 4,175,000 | ||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax | |||||||||||||||||||||||||||||||||||
net income | 138,374,000 | 68,363,000 | 267,959,000 | -10,329,000 | 109,187,000 | 94,401,000 | 2,663,000 | 20,210,000 | 87,562,000 | 73,641,000 | 3,967,000 | 30,259,000 | 47,650,000 | -277,535,000 | -11,318,000 | -6,081,000 | 97,250,000 | 71,177,000 | -9,294,000 | 26,474,000 | 118,845,000 | 105,036,000 | 21,063,000 | 39,881,000 | 73,005,000 | 91,906,000 | 6,525,000 | 22,832,000 | 95,384,000 | 12,331,000 | 21,551,000 | 78,294,000 | 10,420,000 | 18,121,000 | 69,005,000 |
yoy | 26.73% | -27.58% | 9962.30% | -151.11% | 24.70% | 28.19% | -32.87% | -33.21% | 83.76% | -126.53% | -135.05% | -597.60% | -51.00% | -489.92% | 21.78% | -122.97% | -18.17% | -32.24% | -144.12% | -33.62% | 62.79% | 14.29% | 222.80% | 74.67% | -23.46% | 645.32% | -69.72% | -70.84% | 815.39% | -31.95% | -68.77% | ||||
qoq | 102.41% | -74.49% | -2694.24% | -109.46% | 15.66% | 3444.91% | -86.82% | -76.92% | 18.90% | 1756.34% | -86.89% | -36.50% | -117.17% | 2352.16% | 86.12% | -106.25% | 36.63% | -865.84% | -135.11% | -77.72% | 13.15% | 398.68% | -47.19% | -45.37% | -20.57% | 1308.52% | -71.42% | -76.06% | 673.53% | -42.78% | -72.47% | 651.38% | -42.50% | -73.74% | |
net loss attributable to noncontrolling interests | -4,683,000 | ||||||||||||||||||||||||||||||||||
net income attributable to southwest gas holdings, inc. | 138,374,000 | 68,363,000 | 270,476,000 | -12,883,000 | 113,870,000 | 92,456,000 | 289,000 | 18,333,000 | 87,737,000 | 72,869,000 | 3,231,000 | 28,878,000 | 45,911,000 | -280,584,000 | -12,309,000 | -6,575,000 | 96,178,000 | 69,943,000 | -11,576,000 | 25,119,000 | 117,293,000 | 103,544,000 | 18,273,000 | 37,965,000 | 72,542,000 | 91,718,000 | 5,353,000 | 22,056,000 | 94,809,000 | 12,331,000 | 21,551,000 | 79,091,000 | 10,204,000 | 17,864,000 | 69,308,000 |
basic earnings per share: | |||||||||||||||||||||||||||||||||||
continuing operations | 1.91 | 0.96 | 0.06 | ||||||||||||||||||||||||||||||||
discontinued operations | -0.02 | 3.69 | |||||||||||||||||||||||||||||||||
net earnings per share - basic | 1.91 | 0.94 | 3.75 | ||||||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||||||||
net earnings per share - diluted | 1.91 | 0.94 | 3.74 | ||||||||||||||||||||||||||||||||
weighted-average shares: | |||||||||||||||||||||||||||||||||||
basic | 72,441 | 72,162 | 72,209 | 72,088 | 72,012 | 71,841 | 71,880 | 71,839 | 71,728 | 70,787 | 71,626 | 71,536 | 68,265 | 65,558 | 67,157 | 67,045 | 60,737 | 59,145 | 59,688 | 58,607 | 57,600 | 55,998 | 56,271 | 55,462 | 55,310 | 54,245 | |||||||||
diluted | 72,566 | 72,337 | 72,405 | 72,088 | 72,138 | 72,032 | 72,086 | 72,015 | 71,882 | 70,990 | 71,851 | 71,722 | 68,419 | 65,558 | 67,325 | 67,190 | 60,854 | 59,259 | 59,816 | 58,710 | 57,679 | 56,076 | 56,357 | 55,532 | 55,363 | 54,312 | |||||||||
income from discontinued operations, net of income tax | -1,470,000 | 263,784,000 | |||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -2,517,000 | 2,554,000 | 1,945,000 | 2,374,000 | 1,877,000 | -175,000 | 772,000 | 736,000 | 1,381,000 | 1,739,000 | 3,049,000 | 991,000 | 494,000 | 1,072,000 | 1,916,000 | 463,000 | 188,000 | 1,172,000 | 776,000 | 575,000 | -797,000 | 216,000 | 257,000 | -303,000 | |||||||||||
utility infrastructure services revenues | 724,052,000 | 550,081,000 | 717,078,000 | 720,053,000 | 672,075,000 | 528,023,000 | 665,315,000 | 774,889,000 | 805,779,000 | 653,293,000 | 771,894,000 | 758,466,000 | 706,090,000 | 523,877,000 | 633,213,000 | 632,848,000 | 528,625,000 | 363,975,000 | 539,590,000 | 580,392,000 | 494,813,000 | 333,493,000 | 468,566,000 | 515,250,000 | 454,300,000 | 312,862,000 | |||||||||
utility infrastructure services expenses | 657,671,000 | 528,571,000 | 649,985,000 | 644,928,000 | 604,545,000 | 515,643,000 | 612,318,000 | 685,687,000 | 715,717,000 | 603,680,000 | 699,758,000 | 680,135,000 | 646,193,000 | 503,232,000 | 573,943,000 | 567,270,000 | 478,640,000 | 335,614,000 | 476,940,000 | 502,951,000 | 430,224,000 | 319,314,000 | 418,989,000 | 451,574,000 | 402,199,000 | 300,465,000 | |||||||||
total other income and | -53,191,000 | -63,566,000 | -69,188,000 | -60,973,000 | -58,830,000 | -54,830,000 | -57,534,000 | -49,743,000 | -58,874,000 | -82,999,000 | -62,780,000 | -56,041,000 | -47,119,000 | -37,521,000 | -34,410,000 | -27,250,000 | -23,516,000 | -24,079,000 | -26,512,000 | -18,525,000 | -49,150,000 | -25,306,000 | -28,592,000 | -25,685,000 | -19,558,000 | -23,659,000 | -26,358,000 | -26,965,000 | -16,618,000 | -16,608,000 | -14,849,000 | ||||
income before income taxes | 42,265,000 | 136,856,000 | 111,753,000 | 511,000 | 24,391,000 | 104,641,000 | 83,299,000 | 2,697,000 | 35,028,000 | 76,325,000 | -371,488,000 | -12,843,000 | -10,381,000 | 121,375,000 | 76,007,000 | -11,110,000 | 32,016,000 | 149,937,000 | 128,716,000 | 27,752,000 | 49,047,000 | 99,223,000 | 112,898,000 | 9,666,000 | 29,184,000 | 120,922,000 | 16,022,000 | 26,980,000 | 102,595,000 | 13,514,000 | 26,800,000 | 104,643,000 | |||
earnings per share attributable to southwest gas holdings, inc.: | |||||||||||||||||||||||||||||||||||
basic | -0.18 | 1.58 | 1.29 | 0.26 | 1.22 | 1.02 | 0.05 | 0.4 | 0.67 | -4.29 | -0.18 | -0.1 | 1.58 | 1.16 | -0.19 | 0.43 | 2.04 | 1.84 | 0.32 | 0.68 | 1.31 | ||||||||||||||
diluted | -0.18 | 1.58 | 1.28 | 0.25 | 1.22 | 1.03 | 0.04 | 0.4 | 0.67 | -4.29 | -0.18 | -0.1 | 1.58 | 1.16 | -0.19 | 0.43 | 2.03 | 1.83 | 0.32 | 0.68 | 1.31 | ||||||||||||||
goodwill impairment and loss on sale | 71,230,000 | ||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||
basic | -0.18 | 1.58 | 1.29 | 0.26 | 1.22 | 1.02 | 0.05 | 0.4 | 0.67 | -4.29 | -0.18 | -0.1 | 1.58 | 1.16 | -0.19 | 0.43 | 2.04 | 1.84 | 0.32 | 0.68 | 1.31 | ||||||||||||||
diluted | -0.18 | 1.58 | 1.28 | 0.25 | 1.22 | 1.03 | 0.04 | 0.4 | 0.67 | -4.29 | -0.18 | -0.1 | 1.58 | 1.16 | -0.19 | 0.43 | 2.03 | 1.83 | 0.32 | 0.68 | 1.31 | ||||||||||||||
gas operating revenues | 451,214,000 | 255,848,000 | 292,796,000 | 521,932,000 | 374,490,000 | 210,834,000 | 262,434,000 | 502,827,000 | 379,571,000 | 209,980,000 | 258,711,000 | 520,677,000 | 217,523,000 | 275,679,000 | 494,313,000 | 213,059,000 | 260,162,000 | 462,602,000 | |||||||||||||||||
net income attributable to noncontrolling interest | 1,297,250 | 2,282,000 | 1,355,000 | 1,552,000 | 1,492,000 | 2,790,000 | |||||||||||||||||||||||||||||
basic earnings per share | 0.565 | 0.1 | 0.41 | 1.78 | 0.25 | 0.44 | 1.63 | 0.21 | 0.38 | 1.46 | |||||||||||||||||||||||||
diluted earnings per share | 0.565 | 0.1 | 0.41 | 1.77 | 0.25 | 0.44 | 1.63 | 0.21 | 0.37 | 1.45 | |||||||||||||||||||||||||
average number of common shares | 13,499 | 54,670 | 53,935 | 53,369 | 49,493 | 48,826 | 48,416 | ||||||||||||||||||||||||||||
average shares | 13,515.75 | 54,748 | 54,003 | 53,424 | 49,553 | 48,880 | 48,459 | ||||||||||||||||||||||||||||
construction revenues | 450,623,000 | 395,204,000 | 260,017,000 | 380,094,000 | 300,307,000 | 192,135,000 | |||||||||||||||||||||||||||||
construction expenses | 395,862,000 | 352,671,000 | 258,952,000 | 342,629,000 | 272,001,000 | 191,956,000 | |||||||||||||||||||||||||||||
dividends declared per share | 0.52 | 0.52 | 0.52 | 0.495 | 0.495 | 0.495 | |||||||||||||||||||||||||||||
average number of common shares outstanding | 47,628 | 47,571 | 47,530 | ||||||||||||||||||||||||||||||||
average shares outstanding | 47,986 | 47,884 | 47,864 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
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assets | |||||||||||||||||||||||||||||||||||
regulated operations plant: | |||||||||||||||||||||||||||||||||||
gas plant | 11,659,807,000 | 11,517,031,000 | 11,289,621,000 | 11,132,152,000 | 10,989,346,000 | 10,844,895,000 | 10,652,224,000 | 10,458,923,000 | 10,253,377,000 | 10,140,362,000 | 9,892,766,000 | 9,741,687,000 | 9,583,630,000 | 9,453,907,000 | 11,166,691,000 | 11,049,050,000 | 10,891,910,000 | 8,901,575,000 | 8,742,806,000 | 8,664,624,000 | 8,479,295,000 | 8,384,000,000 | 8,219,196,000 | 8,086,597,000 | 7,949,283,000 | 7,813,221,000 | 7,550,855,000 | 7,404,724,000 | 7,268,255,000 | 6,928,471,000 | 6,810,737,000 | 6,709,858,000 | 6,440,547,000 | 6,349,303,000 | 6,280,654,000 |
less: accumulated depreciation | -3,113,118,000 | -3,063,363,000 | -3,025,110,000 | -2,984,121,000 | -2,952,957,000 | -2,914,457,000 | -2,937,435,000 | -2,896,703,000 | -2,863,941,000 | -2,822,669,000 | -2,780,482,000 | -2,743,845,000 | -2,712,093,000 | -2,674,157,000 | -3,536,274,000 | -3,496,191,000 | -3,443,053,000 | -2,538,508,000 | -2,499,488,000 | -2,481,016,000 | -2,453,924,000 | -2,419,348,000 | -2,394,730,000 | -2,367,836,000 | -2,341,561,000 | -2,313,050,000 | -2,303,864,000 | -2,282,770,000 | -2,257,017,000 | -2,275,376,000 | -2,260,793,000 | -2,248,307,000 | -2,218,796,000 | -2,202,909,000 | -2,194,660,000 |
construction work in progress | 259,867,000 | 236,871,000 | 231,095,000 | 201,170,000 | 176,485,000 | 178,647,000 | 243,375,000 | 226,210,000 | 245,032,000 | 200,549,000 | 272,969,000 | 254,872,000 | 250,892,000 | 244,750,000 | 273,662,000 | 218,638,000 | 216,262,000 | 183,485,000 | 153,100,000 | 151,358,000 | 215,395,000 | 211,429,000 | 231,219,000 | 217,616,000 | 202,935,000 | 185,026,000 | 288,573,000 | 248,270,000 | 204,370,000 | 216,735,000 | 167,114,000 | 142,840,000 | 164,030,000 | 111,041,000 | 91,428,000 |
net regulated operations plant | 8,806,556,000 | 8,690,539,000 | 8,495,606,000 | 8,349,201,000 | 8,212,874,000 | 8,109,085,000 | 7,958,164,000 | 7,788,430,000 | 7,634,468,000 | 7,518,242,000 | 7,385,253,000 | 7,252,714,000 | 7,122,429,000 | 7,024,500,000 | 7,904,079,000 | 7,771,497,000 | 7,665,119,000 | 6,546,552,000 | |||||||||||||||||
other property and investments | 177,632,000 | 178,826,000 | 172,494,000 | 1,169,351,000 | 1,172,072,000 | 1,191,148,000 | 1,193,062,000 | 1,234,942,000 | 1,252,861,000 | 152,658,000 | 1,254,065,000 | 1,267,762,000 | 1,250,327,000 | 169,397,000 | 1,311,334,000 | 1,312,701,000 | 1,313,291,000 | 153,093,000 | 1,305,334,000 | 860,701,000 | 842,672,000 | 143,611,000 | 825,069,000 | 809,111,000 | 785,522,000 | 784,173,000 | 768,685,000 | 761,652,000 | 716,722,000 | 466,500,000 | 462,236,000 | 442,771,000 | 369,303,000 | 362,891,000 | 351,032,000 |
current assets: | |||||||||||||||||||||||||||||||||||
cash and cash equivalents | 484,752,000 | 576,645,000 | 778,631,000 | 355,627,000 | 406,295,000 | 363,789,000 | 456,643,000 | 599,639,000 | 457,952,000 | 71,154,000 | 104,939,000 | 221,367,000 | 82,085,000 | 51,823,000 | 175,272,000 | 215,963,000 | 624,666,000 | 38,691,000 | 186,690,000 | 47,565,000 | 92,345,000 | 41,070,000 | 23,945,000 | 199,591,000 | 60,965,000 | 49,539,000 | 28,480,000 | 38,446,000 | 97,037,000 | 69,170,000 | 34,730,000 | 65,115,000 | 59,152,000 | 29,702,000 | 43,401,000 |
accounts receivable | 168,790,000 | 170,601,000 | 110,575,000 | 705,312,000 | 693,834,000 | 722,622,000 | 673,219,000 | 796,238,000 | 843,133,000 | 269,195,000 | 903,365,000 | 936,161,000 | 903,262,000 | 234,081,000 | 779,558,000 | 750,794,000 | 755,947,000 | 169,666,000 | 692,135,000 | 512,385,000 | 479,184,000 | 146,861,000 | 513,017,000 | 480,077,000 | 423,013,000 | 474,097,000 | 434,153,000 | 417,639,000 | 429,248,000 | 347,571,000 | 357,881,000 | 335,982,000 | 301,792,000 | 281,882,000 | 247,179,000 |
accrued utility revenue | 65,900,000 | 101,600,000 | 51,700,000 | 50,500,000 | 61,900,000 | 96,600,000 | 47,800,000 | 46,400,000 | 58,500,000 | 93,000,000 | 44,600,000 | 43,200,000 | 56,900,000 | 88,100,000 | 41,300,000 | 40,000,000 | 52,000,000 | 84,900,000 | 39,700,000 | 38,500,000 | 50,500,000 | 82,400,000 | 36,500,000 | 35,800,000 | 48,100,000 | 79,100,000 | 35,800,000 | 34,900,000 | 47,000,000 | 34,600,000 | 34,200,000 | 47,300,000 | 34,100,000 | 33,600,000 | 45,900,000 |
income taxes receivable | 6,317,000 | 9,611,000 | 6,215,000 | 6,030,000 | 2,414,000 | 7,401,000 | 9,661,000 | 7,174,000 | 26,000 | 4,268,000 | 6,804,000 | 8,136,000 | 103,000 | 15,580,000 | 19,147,000 | 16,937,000 | 7,826,000 | 32,554,000 | 23,839,000 | 6,523,000 | 11,155,000 | 7,934,000 | 4,077,000 | 7,503,000 | 31,751,000 | 26,611,000 | 15,190,000 | 14,069,000 | 49,603,000 | 18,256,000 | 15,549,000 | 5,462,000 | 6,253,000 | 4,512,000 | |
deferred purchased gas costs | 5,214,000 | 99,000 | 7,000,000 | 13,937,000 | 9,270,000 | 39,777,000 | 198,682,000 | 552,885,000 | 687,137,000 | 785,588,000 | 970,339,000 | 450,120,000 | 381,351,000 | 354,571,000 | 367,954,000 | 291,145,000 | 240,827,000 | 235,104,000 | 238,886,000 | 2,053,000 | 44,412,000 | 49,804,000 | 58,240,000 | 65,242,000 | 18,739,000 | 6,230,000 | 5,956,000 | 9,142,000 | |||||||
materials, supplies, and gas inventories | 93,656,000 | 91,154,000 | 90,776,000 | ||||||||||||||||||||||||||||||||
prepaid and other current assets | 238,259,000 | 234,598,000 | 211,334,000 | 216,651,000 | 256,822,000 | 265,113,000 | 261,063,000 | 239,887,000 | 214,516,000 | 188,138,000 | 229,696,000 | 220,291,000 | 210,309,000 | 401,789,000 | 316,578,000 | 263,363,000 | 229,072,000 | 242,243,000 | 200,700,000 | 149,402,000 | 133,466,000 | 152,748,000 | 151,432,000 | 147,655,000 | 133,338,000 | 180,957,000 | 190,554,000 | 187,666,000 | 177,784,000 | ||||||
total current assets | 1,057,674,000 | 1,192,092,000 | 1,243,493,000 | 1,425,081,000 | 1,431,881,000 | 1,464,475,000 | 1,455,396,000 | 1,731,602,000 | 1,779,957,000 | 1,195,774,000 | 1,998,485,000 | 2,240,213,000 | 2,258,024,000 | 1,228,146,000 | 1,709,639,000 | 1,643,838,000 | 2,046,576,000 | 835,502,000 | 1,392,606,000 | 1,006,795,000 | 1,000,904,000 | 436,287,000 | 732,828,000 | 867,200,000 | 672,919,000 | 859,856,000 | 765,402,000 | 752,081,000 | 830,380,000 | 721,193,000 | 696,059,000 | 663,933,000 | 538,918,000 | 483,585,000 | 454,404,000 |
noncurrent assets: | |||||||||||||||||||||||||||||||||||
goodwill | 11,155,000 | 11,155,000 | 11,155,000 | 786,504,000 | 781,287,000 | 781,201,000 | 787,595,000 | 786,175,000 | 787,206,000 | 11,155,000 | 787,433,000 | 789,617,000 | 787,334,000 | 11,155,000 | 1,742,967,000 | 1,750,472,000 | 1,773,671,000 | 10,095,000 | 791,902,000 | 348,173,000 | 346,553,000 | 10,095,000 | 340,197,000 | 337,978,000 | 333,943,000 | 343,023,000 | 339,948,000 | 345,872,000 | 364,482,000 | 176,059,000 | 174,233,000 | 176,485,000 | 147,865,000 | 143,583,000 | 140,974,000 |
deferred charges and other assets | 353,629,000 | 356,865,000 | 405,831,000 | 483,808,000 | 477,690,000 | 474,751,000 | 477,900,000 | 442,024,000 | 432,193,000 | 390,742,000 | 410,793,000 | 400,517,000 | 391,944,000 | 370,483,000 | 434,236,000 | 444,332,000 | 450,786,000 | 405,021,000 | 483,107,000 | 488,042,000 | 497,187,000 | 490,562,000 | 475,037,000 | 474,737,000 | 489,419,000 | 496,943,000 | 429,716,000 | 436,035,000 | 441,166,000 | 419,829,000 | 425,555,000 | 438,682,000 | 411,655,000 | 416,261,000 | 426,600,000 |
total noncurrent assets | 364,784,000 | 368,020,000 | 416,986,000 | 1,270,312,000 | 1,258,977,000 | 1,259,128,000 | 1,268,328,000 | 1,230,370,000 | 1,220,708,000 | 401,897,000 | 1,198,479,000 | 1,190,233,000 | 1,179,393,000 | 381,638,000 | 2,177,525,000 | 2,194,972,000 | 2,224,501,000 | 415,116,000 | 1,275,277,000 | 836,560,000 | 844,303,000 | 500,657,000 | 816,075,000 | 813,347,000 | 824,127,000 | 840,822,000 | 770,560,000 | 782,928,000 | 806,722,000 | 597,073,000 | 601,040,000 | 616,538,000 | 560,987,000 | 561,209,000 | 568,897,000 |
total assets | 10,406,646,000 | 10,429,477,000 | 10,328,579,000 | 12,213,945,000 | 12,075,804,000 | 12,023,836,000 | 11,874,950,000 | 11,985,344,000 | 11,887,994,000 | 9,268,571,000 | 11,836,282,000 | 11,950,922,000 | 11,810,173,000 | 8,803,681,000 | 13,102,577,000 | 12,923,008,000 | 13,249,487,000 | 7,950,263,000 | 10,369,635,000 | 9,039,022,000 | 8,928,645,000 | 7,256,636,000 | 8,429,657,000 | 8,426,035,000 | 8,093,225,000 | 8,170,048,000 | 7,840,211,000 | 7,666,885,000 | 7,569,432,000 | 6,654,596,000 | 6,476,393,000 | 6,327,633,000 | 5,855,070,000 | 5,665,239,000 | 5,551,913,000 |
capitalization and liabilities | |||||||||||||||||||||||||||||||||||
capitalization: | |||||||||||||||||||||||||||||||||||
common stock | 74,003,000 | 73,854,000 | 73,811,000 | 73,608,000 | 73,541,000 | 73,413,000 | 73,370,000 | 73,339,000 | 73,295,000 | 49,112,000 | 73,145,000 | 73,103,000 | 72,961,000 | 49,112,000 | 68,694,000 | 68,634,000 | 68,479,000 | 49,112,000 | 62,009,000 | 60,718,000 | 59,625,000 | 49,112,000 | 58,089,000 | 57,540,000 | 56,756,000 | 56,637,000 | 56,254,000 | 55,951,000 | 55,021,000 | 51,053,000 | 50,756,000 | 49,967,000 | 49,362,000 | 49,213,000 | 49,179,000 |
additional paid-in capital | 2,901,448,000 | 2,898,965,000 | 2,893,066,000 | 2,872,681,000 | 2,726,758,000 | 2,721,343,000 | 2,714,958,000 | 2,709,674,000 | 2,547,485,000 | 2,156,577,000 | 2,539,759,000 | 2,534,223,000 | 2,524,631,000 | 1,622,969,000 | 2,283,250,000 | 2,279,493,000 | 2,273,837,000 | 1,618,911,000 | 1,823,889,000 | 1,733,572,000 | 1,660,108,000 | 1,410,345,000 | 1,559,814,000 | 1,523,630,000 | 1,470,411,000 | 1,466,937,000 | 1,437,733,000 | 1,409,923,000 | 1,332,793,000 | 1,045,840,000 | 1,021,508,000 | 965,480,000 | 924,213,000 | 911,095,000 | 909,362,000 |
accumulated other comprehensive loss | -34,100,000 | -34,546,000 | -37,597,000 | -41,355,000 | -48,866,000 | -49,218,000 | -43,875,000 | -45,615,000 | -46,222,000 | -40,548,000 | -43,523,000 | -41,458,000 | -43,949,000 | -38,261,000 | -50,232,000 | -45,528,000 | -43,972,000 | -46,913,000 | -55,951,000 | -55,688,000 | -58,388,000 | -61,135,000 | -52,783,000 | -55,617,000 | -59,073,000 | -56,732,000 | |||||||||
retained earnings | 1,160,327,000 | 1,022,846,000 | 999,399,000 | 769,723,000 | 827,453,000 | 758,649,000 | 710,940,000 | 755,367,000 | 781,683,000 | 1,018,474,000 | 669,364,000 | 696,958,000 | 742,513,000 | 935,355,000 | 1,111,203,000 | 1,156,253,000 | 1,190,738,000 | 906,827,000 | 1,079,869,000 | 1,108,279,000 | 1,112,377,000 | 835,146,000 | 1,054,118,000 | 1,085,742,000 | 1,079,801,000 | 1,039,072,000 | 977,498,000 | 1,002,070,000 | 1,009,809,000 | 902,730,000 | 916,275,000 | 920,454,000 | 784,934,000 | 801,222,000 | 803,522,000 |
total equity | 4,101,678,000 | 3,961,119,000 | 3,928,679,000 | 4,115,805,000 | 3,751,445,000 | 3,681,422,000 | 3,632,250,000 | 3,666,964,000 | 3,356,241,000 | 3,183,615,000 | 3,238,745,000 | 3,262,826,000 | 3,296,156,000 | 2,569,175,000 | 3,412,915,000 | 3,458,852,000 | 3,489,082,000 | 2,527,937,000 | 2,909,816,000 | 2,846,881,000 | 2,773,722,000 | 2,233,468,000 | 2,619,238,000 | 2,611,295,000 | 2,547,895,000 | 2,505,914,000 | 2,423,710,000 | 2,419,363,000 | 2,346,548,000 | 1,945,781,000 | 1,932,567,000 | 1,876,376,000 | 1,713,396,000 | 1,714,256,000 | 1,713,119,000 |
long-term debt, less current maturities | 3,433,929,000 | 3,433,012,000 | 3,507,120,000 | 4,396,867,000 | 4,327,895,000 | 4,348,340,000 | 4,382,146,000 | 5,063,577,000 | 4,648,958,000 | 3,501,543,000 | 5,235,539,000 | 5,284,844,000 | 4,577,600,000 | 3,251,296,000 | 5,865,591,000 | 4,588,454,000 | 4,559,758,000 | 2,440,603,000 | 3,573,783,000 | 2,478,823,000 | 2,696,570,000 | 2,438,206,000 | 2,685,722,000 | 2,639,317,000 | 2,310,084,000 | 2,300,482,000 | 2,462,116,000 | 2,373,003,000 | 2,106,274,000 | 2,123,641,000 | 2,037,743,000 | 1,998,127,000 | 1,731,981,000 | 1,685,698,000 | 1,564,132,000 |
total capitalization | 7,535,607,000 | 7,394,131,000 | 7,435,799,000 | 8,520,371,000 | 8,087,013,000 | 8,037,422,000 | 8,022,102,000 | 8,738,212,000 | 8,012,860,000 | 6,685,158,000 | 8,619,441,000 | 8,705,850,000 | 8,000,782,000 | 5,820,471,000 | 9,393,198,000 | 8,169,962,000 | 8,184,824,000 | 4,968,540,000 | 6,667,146,000 | 5,526,233,000 | 5,675,578,000 | 4,671,674,000 | 5,412,244,000 | 5,337,533,000 | 4,942,984,000 | 4,890,938,000 | 4,970,180,000 | 4,875,548,000 | 4,535,228,000 | 4,069,422,000 | 3,970,310,000 | 3,874,503,000 | 3,445,377,000 | 3,420,103,000 | 3,300,776,000 |
current liabilities: | |||||||||||||||||||||||||||||||||||
current maturities of long-term debt | 75,000,000 | 75,000,000 | 28,101,000 | 28,932,000 | 30,018,000 | 30,264,000 | 31,194,000 | 42,770,000 | 42,335,000 | 42,120,000 | 41,907,000 | 41,485,000 | 41,276,000 | 291,069,000 | 275,000,000 | 297,271,000 | 319,417,000 | 67,334,000 | 44,903,000 | 171,668,000 | 169,574,000 | 163,512,000 | 38,165,000 | 36,807,000 | 34,915,000 | 33,429,000 | 31,928,000 | 24,867,000 | 28,453,000 | 27,236,000 | 26,064,000 | ||||
accounts payable | 122,008,000 | 225,732,000 | 254,570,000 | 253,316,000 | 331,807,000 | 226,960,000 | 264,289,000 | 264,620,000 | 215,744,000 | 255,251,000 | 273,950,000 | 310,748,000 | 497,046,000 | 308,824,000 | 306,753,000 | 256,606,000 | 234,070,000 | 222,959,000 | 182,304,000 | 182,805,000 | 161,646,000 | 175,507,000 | 189,373,000 | 182,182,000 | 238,921,000 | 188,896,000 | 196,915,000 | 231,343,000 | 172,237,000 | 188,156,000 | 175,905,000 | 159,382,000 | 135,738,000 | 134,238,000 | |
customer deposits | 67,607,000 | 67,249,000 | 67,117,000 | 66,334,000 | 63,876,000 | 60,750,000 | 57,399,000 | 52,632,000 | 48,460,000 | 47,206,000 | 48,414,000 | 50,350,000 | 51,182,000 | 55,033,000 | 53,991,000 | 57,620,000 | 56,127,000 | 51,816,000 | 44,088,000 | 67,121,000 | 67,920,000 | 69,122,000 | 69,898,000 | 69,938,000 | 69,165,000 | 68,897,000 | 69,165,000 | 68,593,000 | 68,100,000 | 69,247,000 | 69,610,000 | 70,162,000 | 71,195,000 | 72,227,000 | |
accrued general taxes | 78,907,000 | 54,384,000 | 50,727,000 | 86,748,000 | 59,353,000 | 64,005,000 | 63,769,000 | 96,676,000 | 58,053,000 | 75,932,000 | 62,803,000 | 101,579,000 | 67,094,000 | 72,941,000 | 55,883,000 | 83,897,000 | 53,064,000 | 60,656,000 | 51,712,000 | 72,103,000 | 48,640,000 | 59,958,000 | 48,220,000 | 73,105,000 | 48,160,000 | 52,361,000 | 42,778,000 | 69,423,000 | 51,734,000 | 42,826,000 | 63,307,000 | 48,998,000 | 40,545,000 | 62,790,000 | |
accrued interest | 38,329,000 | 35,319,000 | 40,156,000 | 39,427,000 | 40,405,000 | 44,514,000 | 36,575,000 | 39,985,000 | 34,955,000 | 46,837,000 | 38,530,000 | 45,641,000 | 29,569,000 | 41,484,000 | 35,697,000 | 42,421,000 | 22,926,000 | 38,600,000 | 19,653,000 | 34,571,000 | 20,495,000 | 35,478,000 | 21,525,000 | 34,755,000 | 21,329,000 | 34,745,000 | 21,431,000 | 31,439,000 | 30,594,000 | 20,512,000 | 24,906,000 | 24,543,000 | 17,150,000 | 24,876,000 | |
dividends declared | 44,779,000 | ||||||||||||||||||||||||||||||||||
other current liabilities | 99,995,000 | 117,350,000 | 360,908,000 | 347,069,000 | 382,897,000 | 422,245,000 | 408,364,000 | 577,237,000 | 271,899,000 | 527,201,000 | 574,769,000 | 592,022,000 | 150,817,000 | 404,703,000 | 387,359,000 | 413,872,000 | 146,422,000 | 384,442,000 | 317,970,000 | 282,745,000 | 146,046,000 | 322,928,000 | 289,395,000 | 266,763,000 | 264,950,000 | 279,931,000 | 269,674,000 | 278,552,000 | 229,521,000 | 262,113,000 | 208,479,000 | 197,854,000 | 175,043,000 | 149,529,000 | |
total current liabilities | 729,958,000 | 929,898,000 | 1,414,505,000 | 1,806,505,000 | 1,832,097,000 | 1,702,742,000 | 1,096,154,000 | 1,718,664,000 | 630,822,000 | 1,052,529,000 | 1,057,408,000 | 1,610,486,000 | 1,020,708,000 | 1,313,728,000 | 2,350,417,000 | 2,630,198,000 | 1,037,609,000 | 1,355,234,000 | 1,272,403,000 | 1,036,035,000 | 556,525,000 | 839,222,000 | 918,017,000 | 979,815,000 | 1,079,861,000 | 782,344,000 | 726,504,000 | 974,478,000 | 712,710,000 | 663,647,000 | 602,851,000 | 656,406,000 | 490,035,000 | 496,828,000 | |
deferred income taxes and other credits: | |||||||||||||||||||||||||||||||||||
deferred income taxes and investment tax credits | 1,022,534,000 | 977,312,000 | 927,486,000 | 837,584,000 | 808,782,000 | 790,825,000 | 792,244,000 | 784,491,000 | 749,836,000 | 742,078,000 | 740,886,000 | 733,199,000 | 683,948,000 | 774,465,000 | 785,258,000 | 803,771,000 | 638,828,000 | 789,141,000 | 694,719,000 | 671,574,000 | 581,100,000 | 639,002,000 | 631,388,000 | 624,888,000 | 599,840,000 | 577,928,000 | 563,478,000 | 556,063,000 | 519,146,000 | 510,536,000 | 500,289,000 | 894,011,000 | 891,217,000 | 879,631,000 | |
accumulated removal costs | 504,000,000 | 496,000,000 | 486,000,000 | 479,000,000 | 472,000,000 | 465,000,000 | 463,000,000 | 457,000,000 | 458,000,000 | 454,000,000 | 452,000,000 | 450,000,000 | 445,000,000 | 500,052,000 | 494,554,000 | 488,908,000 | 424,000,000 | 419,000,000 | 409,000,000 | 407,000,000 | 404,000,000 | 401,000,000 | 401,000,000 | 399,000,000 | 395,000,000 | 392,000,000 | 389,000,000 | 385,000,000 | 322,000,000 | 319,000,000 | 317,000,000 | 312,000,000 | 310,000,000 | 309,000,000 | |
other deferred credits and other long-term liabilities | 614,547,000 | 632,136,000 | 865,583,000 | 865,702,000 | 873,535,000 | 894,281,000 | 895,734,000 | 914,979,000 | 744,755,000 | 968,234,000 | 994,778,000 | 1,015,706,000 | 833,554,000 | 1,121,134,000 | 1,122,817,000 | 1,141,786,000 | 881,286,000 | 1,139,114,000 | 1,136,667,000 | 1,138,458,000 | 1,043,337,000 | 1,138,189,000 | 1,138,097,000 | 1,146,538,000 | 1,204,409,000 | 1,117,759,000 | 1,112,355,000 | 1,118,663,000 | 1,031,318,000 | 1,012,900,000 | 1,032,990,000 | 547,276,000 | 553,884,000 | 565,678,000 | |
total deferred income taxes and other credits | 2,141,081,000 | 2,105,448,000 | 2,279,069,000 | 2,182,286,000 | 2,154,317,000 | 2,150,106,000 | 2,150,978,000 | 2,156,470,000 | 1,952,591,000 | 2,164,312,000 | 2,187,664,000 | 2,198,905,000 | 1,962,502,000 | 2,395,651,000 | 2,402,629,000 | 2,434,465,000 | 1,944,114,000 | 2,347,255,000 | 2,240,386,000 | 2,217,032,000 | 2,028,437,000 | 2,178,191,000 | 2,170,485,000 | 2,170,426,000 | 2,199,249,000 | 2,087,687,000 | 2,064,833,000 | 2,059,726,000 | 1,872,464,000 | 1,842,436,000 | 1,850,279,000 | 1,753,287,000 | 1,755,101,000 | 1,754,309,000 | |
total capitalization and liabilities | 10,406,646,000 | 10,429,477,000 | 12,213,945,000 | 12,075,804,000 | 12,023,836,000 | 11,874,950,000 | 11,985,344,000 | 11,887,994,000 | 9,268,571,000 | 11,836,282,000 | 11,950,922,000 | 11,810,173,000 | 8,803,681,000 | 13,102,577,000 | 12,923,008,000 | 13,249,487,000 | 7,950,263,000 | 10,369,635,000 | 9,039,022,000 | 8,928,645,000 | 7,256,636,000 | 8,429,657,000 | 8,426,035,000 | 8,093,225,000 | 8,170,048,000 | 7,840,211,000 | 7,666,885,000 | 7,569,432,000 | 6,654,596,000 | 6,476,393,000 | 6,327,633,000 | 5,855,070,000 | 5,665,239,000 | 5,551,913,000 | |
materials, supplies & gas inventories | 93,823,000 | ||||||||||||||||||||||||||||||||||
current assets classified as discontinued operations | |||||||||||||||||||||||||||||||||||
noncurrent assets classified as discontinued operations | |||||||||||||||||||||||||||||||||||
total equity attributable to southwest gas holdings, inc. stockholders | 3,961,119,000 | 3,928,679,000 | 3,674,657,000 | 3,578,886,000 | 3,504,187,000 | 3,455,393,000 | 3,492,765,000 | ||||||||||||||||||||||||||||
noncontrolling interest | 441,148,000 | 172,559,000 | 177,235,000 | 176,857,000 | 174,199,000 | -452,000 | -452,000 | -452,000 | -3,162,000 | -2,295,000 | -2,312,000 | -2,262,000 | |||||||||||||||||||||||
redeemable noncontrolling interest | 7,699,000 | 7,673,000 | 7,660,000 | 7,706,000 | 7,671,000 | 183,547,000 | 200,529,000 | 205,286,000 | 107,284,000 | 86,921,000 | 85,005,000 | 84,542,000 | 84,354,000 | 83,182,000 | 82,406,000 | 20,149,000 | 23,525,000 | ||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||
short-term debt | 260,000,000 | 690,000,000 | 680,000,000 | 663,000,000 | 111,000,000 | 644,000,000 | 57,500,000 | 15,500,000 | 467,500,000 | 225,000,000 | 381,000,000 | 1,462,747,000 | 1,474,000,000 | 250,000,000 | 272,000,000 | 318,000,000 | 310,000,000 | 57,000,000 | 54,000,000 | 58,000,000 | 157,000,000 | 211,000,000 | 30,000,000 | 188,000,000 | 31,500,000 | 22,500,000 | 22,500,000 | 110,500,000 | 2,500,000 | ||||||
current liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||
noncurrent liabilities classified as discontinued operations | |||||||||||||||||||||||||||||||||||
deferred income taxes | 3,176,000 | 2,833,000 | 2,171,000 | 1,309,000 | 253,000 | 99,000 | 115,000 | 322,000 | 168,000 | 44,000 | 268,000 | 345,000 | 563,000 | 841,000 | 632,000 | 765,000 | 856,000 | 896,000 | 1,021,000 | 1,074,000 | 1,185,000 | 1,252,000 | 1,371,000 | 1,467,000 | 1,365,000 | 1,323,000 | |||||||||
income taxes payable | 3,895,000 | 5,492,000 | 1,482,000 | 2,019,000 | 2,241,000 | 744,000 | 267,000 | 1,322,000 | 739,000 | 4,516,000 | 1,725,000 | 10,416,000 | 27,490,000 | 19,259,000 | 19,356,000 | 1,084,000 | 2,069,000 | 1,319,000 | 2,572,000 | 12,906,000 | 1,543,000 | ||||||||||||||
current assets held for sale | 21,376,000 | 24,480,000 | 26,802,000 | 26,993,000 | |||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 7,661,000 | 145,157,000 | 158,180,000 | 127,026,000 | 114,692,000 | 122,656,000 | 135,984,000 | ||||||||||||||||||||||||||||
receivable from parent | 2,130,000 | 1,031,000 | |||||||||||||||||||||||||||||||||
payable to parent | 1,711,000 | 142,000 | |||||||||||||||||||||||||||||||||
current liabilities held for sale | |||||||||||||||||||||||||||||||||||
utility plant: | |||||||||||||||||||||||||||||||||||
net utility plant | 6,396,418,000 | 6,334,966,000 | 6,240,766,000 | 6,176,081,000 | 6,055,685,000 | 5,936,377,000 | 5,810,657,000 | 5,685,197,000 | 5,535,564,000 | 5,370,224,000 | 5,215,608,000 | 4,869,830,000 | 4,717,058,000 | 4,604,391,000 | 4,385,862,000 | 4,257,554,000 | 4,177,580,000 | ||||||||||||||||||
total southwest gas holdings, inc. equity | 2,505,914,000 | 2,423,710,000 | 2,419,363,000 | 2,347,000,000 | 1,946,233,000 | 1,933,019,000 | 1,879,538,000 | 1,715,691,000 | 1,716,568,000 | 1,715,381,000 | |||||||||||||||||||||||||
accumulated other comprehensive income | -47,775,000 | -48,581,000 | -50,623,000 | -53,390,000 | -55,520,000 | -56,363,000 | -42,818,000 | -44,962,000 | -46,682,000 | ||||||||||||||||||||||||||
prepaids and other current assets | 220,249,000 | 250,992,000 | 181,248,000 | 132,182,000 | 126,192,000 | 104,270,000 | |||||||||||||||||||||||||||||
acquisition adjustments | 81,000 | 119,000 | 158,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities: | |||||||||
net income | 138,374,000 | 68,363,000 | 267,959,000 | -10,329,000 | 109,187,000 | 94,401,000 | 2,663,000 | 20,210,000 | 87,562,000 |
less: income from discontinued operations, net of income tax | -1,470,000 | ||||||||
income from continuing operations, net of income tax | 138,374,000 | 69,833,000 | |||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||
depreciation and amortization | 99,603,000 | 89,021,000 | 10,627,000 | 103,163,000 | 127,913,000 | 115,865,000 | 107,361,000 | 96,072,000 | 119,142,000 |
deferred income taxes | 45,082,000 | 69,971,000 | -45,892,000 | 62,142,000 | 31,891,000 | 17,611,000 | -2,278,000 | 6,834,000 | 30,707,000 |
share-based compensation expense | 4,471,000 | ||||||||
equity afudc | -2,033,000 | -1,397,000 | -1,501,000 | -1,558,000 | -1,353,000 | -1,049,000 | -1,874,000 | -1,835,000 | -1,839,000 |
changes in current assets and liabilities: | |||||||||
accounts receivable, net of allowances | 1,811,000 | -60,026,000 | 75,355,000 | -10,565,000 | 27,647,000 | -60,578,000 | 125,451,000 | 35,538,000 | 26,110,000 |
accrued utility revenue | 35,700,000 | -49,900,000 | -1,200,000 | 11,400,000 | 34,700,000 | -48,800,000 | -1,400,000 | 12,100,000 | 34,500,000 |
deferred purchased gas costs | -56,759,000 | -51,488,000 | -5,941,000 | 66,844,000 | 53,865,000 | 48,606,000 | 98,170,000 | 280,227,000 | 354,203,000 |
accounts payable | -73,149,000 | 79,014,000 | 1,381,000 | -10,324,000 | -56,899,000 | 89,189,000 | -17,751,000 | -12,149,000 | -69,863,000 |
accrued taxes | 27,817,000 | -20,096,000 | 25,414,000 | -53,564,000 | 27,786,000 | -158,000 | 2,275,000 | -33,896,000 | 33,311,000 |
other current assets and liabilities | -16,113,000 | -24,689,000 | -2,007,000 | -40,263,000 | -30,730,000 | -49,638,000 | -9,194,000 | -105,276,000 | -28,763,000 |
changes in deferred charges and other assets | -22,806,000 | -19,642,000 | -29,239,000 | 5,045,000 | -18,192,000 | -4,506,000 | -11,621,000 | 11,021,000 | -15,982,000 |
changes in other liabilities and deferred credits | -19,863,000 | -215,000 | -1,190,000 | 1,496,000 | -20,506,000 | -3,395,000 | 9,679,000 | -7,052,000 | -25,396,000 |
net cash from operating activities of continuing operations | 162,135,000 | 85,025,000 | |||||||
net cash provided (used) by operating activities of discontinued operations | |||||||||
net cash from operating activities | 162,135,000 | 81,568,000 | 56,897,000 | 126,343,000 | 291,268,000 | 201,444,000 | 304,051,000 | 306,576,000 | 543,709,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 162,135,000 | 81,568,000 | 56,897,000 | 126,343,000 | 291,268,000 | 201,444,000 | 304,051,000 | 306,576,000 | 543,709,000 |
cash flow from investing activities: | |||||||||
capital expenditures and property additions | -208,720,000 | -237,515,000 | |||||||
changes in customer advances | 6,339,000 | -1,223,000 | -707,000 | 4,152,000 | -199,000 | -1,191,000 | 139,000 | -3,285,000 | -1,658,000 |
other | -1,244,000 | -1,262,000 | -2,038,000 | 1,295,000 | 1,050,000 | 3,055,000 | 3,737,000 | 492,000 | 1,689,000 |
net cash from investing activities of continuing operations | -203,625,000 | -240,000,000 | |||||||
net cash provided (used) in investing activities of discontinued operations | |||||||||
net cash provided (used) in investing activities | -203,625,000 | ||||||||
cash flow from financing activities: | |||||||||
issuance of common stock | 2,148,000 | 2,045,000 | 13,167,000 | 2,220,000 | 2,295,000 | 2,203,000 | 1,877,000 | 2,432,000 | 2,372,000 |
dividends paid | -44,807,000 | -44,654,000 | -44,716,000 | -44,609,000 | -44,530,000 | -44,483,000 | -44,460,000 | -44,436,000 | -44,389,000 |
change in short-term portion of credit facility | 0 | -35,000,000 | -105,000,000 | 10,000,000 | 17,000,000 | 2,000,000 | 17,000,000 | 15,500,000 | |
withholding remittance - share-based compensation | -4,852,000 | 931,000 | 0 | -3,544,000 | -24,000 | -481,000 | -1,971,000 | ||
other, including principal payments on finance leases | -2,892,000 | -395,000 | 5,026,000 | -6,624,000 | -2,685,000 | -2,738,000 | -6,116,000 | -2,904,000 | -3,190,000 |
net cash from financing activities of continuing operations | -50,403,000 | -43,454,000 | |||||||
net cash provided (used) in financing activities of discontinued operations | |||||||||
net cash from financing activities | -50,403,000 | -43,554,000 | -244,717,000 | 32,120,000 | -62,128,000 | -59,570,000 | -185,709,000 | 61,250,000 | 7,694,000 |
effects of currency translation in discontinued operations | 0 | ||||||||
change in cash and cash equivalents, including discontinued operations | -91,893,000 | -201,986,000 | |||||||
cash and cash equivalents, including discontinued operations, at beginning of period | 576,645,000 | 0 | |||||||
cash and cash equivalents, including discontinued operations, at end of period | 484,752,000 | -201,986,000 | |||||||
impairment of assets and other charges | |||||||||
gains on sale of property and equipment | 0 | 584,000 | -1,811,000 | -377,000 | -983,000 | -656,000 | -1,051,000 | -944,000 | |
net cash from operating activities of discontinued operations | |||||||||
proceeds from the sale of business, net of cash sold | |||||||||
proceeds from the sale of property | 0 | 0 | 0 | 0 | 0 | 21,377,000 | |||
net cash from investing activities of discontinued operations | |||||||||
net cash from investing activities | -209,370,000 | -186,645,000 | -234,246,000 | -261,435,000 | -226,097,000 | -199,790,000 | |||
issuance of long-term debt | 74,176,000 | 39,756,000 | 73,361,000 | 42,854,000 | 181,657,000 | 55,897,000 | |||
change in long-term credit facility and commercial paper | |||||||||
issuance of short-term debt | |||||||||
repayment of short-term debt | 0 | -225,000,000 | |||||||
withholding remittance – share-based compensation | |||||||||
net cash from financing activities of discontinued operations | |||||||||
change in cash and cash equivalents included in current assets held for sale | |||||||||
includes change in cash and cash equivalent of centuri of 49 million for the year ended december 31, 2025. | |||||||||
supplemental information: | |||||||||
interest paid, net of amounts capitalized - continuing operations | |||||||||
interest paid, net of amounts capitalized - discontinued operations | |||||||||
interest paid, net of amounts capitalized | 67,891,000 | 69,975,000 | 74,753,000 | 64,762,000 | 74,092,000 | 65,281,000 | |||
increase of capital expenditures in accounts payable or other current liabilities- continuing operations | |||||||||
increase of capital expenditures in accounts payable or other current liabilities - discontinued operations | |||||||||
increase of capital expenditures in accounts payable or other current liabilities | |||||||||
equity afudc capitalized in regulated operations plant - continuing operations | |||||||||
equity afudc capitalized in regulated operations plant - discontinued operations | |||||||||
equity afudc capitalized in regulated operations plant | |||||||||
changes in undistributed stock compensation | -1,011,000 | 4,667,000 | 6,336,000 | 4,879,000 | 3,226,000 | 5,833,000 | 961,000 | ||
includes change in cash and cash equivalent of centuri of 49 million. | |||||||||
construction expenditures and property additions | -220,123,000 | -187,496,000 | -236,110,000 | -265,311,000 | -223,304,000 | -221,198,000 | |||
redemption of redeemable noncontrolling interest | -77,000 | ||||||||
retirement of long-term debt | -11,705,000 | -63,420,000 | -103,896,000 | -179,464,000 | -329,559,000 | -16,488,000 | |||
proceeds from the sale of centuri stock | |||||||||
proceeds from centuri ipo | |||||||||
effects of currency translation on cash and cash equivalents | 239,000 | 11,000 | -482,000 | 97,000 | -42,000 | -197,000 | |||
change in cash and cash equivalents | -50,668,000 | 42,506,000 | -92,854,000 | -142,996,000 | 141,687,000 | 351,416,000 | |||
cash and cash equivalents at beginning of period | 0 | 363,789,000 | 0 | 0 | 0 | 106,536,000 | |||
cash and cash equivalents at end of period | -50,668,000 | 406,295,000 | -92,854,000 | -142,996,000 | 141,687,000 | 457,952,000 | |||
income taxes paid | 10,651,000 | 2,418,000 | 1,797,000 | 2,339,000 | 3,936,000 | 1,833,000 | |||
acquisition of businesses, net of cash acquired | |||||||||
proceeds from centuri initial public offering | -300,000 | -2,376,000 | |||||||
cash and cash equivalents included in current assets held for sale at beginning of period | |||||||||
centuri distribution to redeemable noncontrolling interest | -92,802,000 | -37,000 | |||||||
other changes in short-term debt | |||||||||
change in credit facility and commercial paper | |||||||||
change in short-term debt | |||||||||
gains on sale of equipment | |||||||||
change in short-term portion of credit facilities | |||||||||
principal payments on finance lease obligations | |||||||||
other inflows | |||||||||
redemption of centuri shares from noncontrolling parties | |||||||||
gains on sale | |||||||||
changes in other assets and deferred charges | |||||||||
miscellaneous inflows | |||||||||
afudc | |||||||||
principal payments on capital lease obligations | |||||||||
withholding remittance—share-based compensation | |||||||||
restricted cash |