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SEC Filings

10-Q
SOUTHERN CO GAS filed this Form 10-Q on 11/04/2016
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NOTES TO THE CONDENSED FINANCIAL STATEMENTS: (Continued)
(UNAUDITED)


The fair values are determined using Level 2 measurements and are based on quoted market prices for the same or similar issues or on the current rates available to Southern Company Gas.
(D) STOCKHOLDERS' EQUITY
Earnings per Share
Upon consummation of the Merger, all of Southern Company Gas' shares are held by Southern Company. As a result, earnings per common share disclosures are no longer required. See Note (I) for additional information regarding the Merger.
Changes in Stockholders' Equity
 
 
Number of
Common Shares
 
Common Stockholders' Equity
 
Noncontrolling Interest
 
Total Stockholders' Equity
 
 
Issued
 
Treasury
 
 
 
 
 
(in thousands)
 
(in millions)
Predecessor – Balance at December 31, 2015
 
120,377

 
217

 
$
3,929

 
$
46

 
$
3,975

Consolidated net income attributable to Southern Company Gas
 

 

 
131

 

 
131

Other comprehensive income (loss)
 

 

 
(35
)
 

 
(35
)
Stock issued
 
95

 

 
6

 

 
6

Stock-based compensation
 
270

 

 
30

 

 
30

Cash dividends on common stock
 

 

 
(128
)
 

 
(128
)
Reclassification of noncontrolling interest (*)
 

 

 

 
(46
)
 
(46
)
Predecessor – Balance at June 30, 2016
 
120,742

 
217

 
$
3,933

 
$

 
$
3,933

 
 
 
 
 
 
 
 
 
 
 
Successor – Balance at July 1, 2016
 

 

 
$
8,001

 
$

 
$
8,001

Consolidated net income attributable to Southern Company Gas
 

 

 
4

 

 
4

Capital contributions from parent company
 

 

 
1,089

 

 
1,089

Other comprehensive income (loss)
 

 

 
(3
)
 

 
(3
)
Stock-based compensation
 

 

 
7

 

 
7

Cash dividends on common stock
 

 

 
(63
)
 

 
(63
)
Successor – Balance at September 30, 2016
 

 

 
$
9,035

 
$

 
$
9,035

Predecessor – Balance at December 31, 2014
 
119,647

 
217

 
$
3,784

 
$
44

 
$
3,828

Consolidated net income attributable to Southern Company Gas
 

 

 
246

 

 
246

Other comprehensive income (loss)
 

 

 
11

 

 
11

Stock issued
 
173

 

 
9

 

 
9

Stock-based compensation
 
429

 

 
2

 

 
2

Cash dividends on common stock
 

 

 
(183
)
 

 
(183
)
Distribution to noncontrolling interest
 

 

 

 
(18
)
 
(18
)
Net income attributable to noncontrolling interest (*)
 

 

 

 
15

 
15

Predecessor – Balance at September 30, 2015
 
120,249

 
217

 
$
3,869

 
$
41

 
$
3,910

(*) Associated with SouthStar. See Note (K) for additional information.



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