← ARTESIAN RESOURCES CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $13.0m |
$14.0m
+7.94%
|
$14.3m
+2.11%
|
$14.9m
+4.53%
|
$16.8m
+12.68%
|
$16.8m
+0.06%
|
$18.0m
+6.96%
|
$16.7m
-7.22%
|
$20.4m
+22.13%
|
$22.8m
+11.91%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $24.4m | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $9.2m | $9.6m | $10.3m | $10.8m | $11.1m | $11.9m | $12.6m | $13.3m | $13.6m | $13.8m | $13.9m | |
| Amortization of Debt Issuance Costs | $0 | ($148k) | ($195k) | ($90k) | ($28k) | ($19k) | ($135k) | $355k | $353k | $352k | — | |
| Deferred Income Tax Expense (Benefit) | $5.5m | $8.2m | $819k | ($2.8m) | ($2.0m) | $2.8m | $2.3m | $3.8m | $1.5m | $2.5m | $1.6m | |
| Share-based Payment Arrangement, Noncash Expense | $92k | $423k | — | $181k | $178k | $193k | $152k | $254k | $219k | $246k | $292k | |
| Other Nonoperating Income (Expense) | $557k | $226k | $953k | $614k | $971k | $1.3m | $1.3m | $1.4m | $1.4m | $1.3m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $292k | $187k | $87k | $94k | $2.3m | ($94k) | $3.8m | ($807k) | $257k | ($5.0m) | $645k | |
| Increase (Decrease) in Accounts Payable | $618k | $3.3m | ($666k) | ($11k) | ($1.8m) | $3.5m | ($4.0m) | $284k | $305k | $1.7m | ($481k) | |
| Other Operating Income (Expense), Net | $779k | $560k | $1.6m | $2.0m | $2.1m | $2.1m | $2.6m | $3.4m | $3.0m | $3.7m | — | |
| Net Cash Provided by (Used in) Operating Activities | $29.8m |
$35.8m
+20.15%
|
$29.1m
-18.55%
|
$18.9m
-35.25%
|
$20.4m
+7.89%
|
$31.3m
+53.80%
|
$24.3m
-22.50%
|
$31.9m
+31.26%
|
$36.8m
+15.61%
|
$40.3m
+9.57%
|
$38.0m
-5.76%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $28.3m | $41.1m | $49.1m | $40.7m | $34.3m | $40.8m | $48.5m | $62.2m | $45.9m | $58.8m | ($61.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $6.3m | $0 | $0 | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($28.2m) | ($41.0m) | ($49.0m) | ($40.6m) | ($40.0m) | ($40.7m) | ($54.8m) | ($62.1m) | ($45.3m) | ($58.7m) | ($61.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $1.3m | $1.2m | $1.3m | $1.7m | $1.8m | $1.8m | $1.6m | $2.0m | $2.3m | $2.3m | ($15.2m) | |
| Proceeds from Issuance of Long-term Debt | $0 | $0 | $12.0m | $30.0m | $0 | $4.1m | $31.8m | $5.6m | $758k | — | $22.9m | |
| Proceeds from Issuance of Common Stock | $1.8m | $1.7m | $956k | $1.0m | $1.5m | $1.4m | $2.1m | $37.1m | $347k | $342k | $341k | |
| Dividends paid | $8.2m | $8.5m | $8.8m | $9.1m | $9.4m | $9.8m | $10.3m | $11.2m | $12.2m | $12.7m | ($12.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.6m) |
$6.0m
+470.50%
|
$19.2m
+222.54%
|
$22.1m
+14.87%
|
$19.0m
-13.66%
|
$9.5m
-50.24%
|
$31.7m
+234.57%
|
$31.4m
-0.91%
|
$7.1m
-77.28%
|
$17.3m
+142.01%
|
$24.0m
+38.74%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $17k | $726k | ($659k) | $303k | ($568k) | $64k | $1.2m | $1.2m | ($1.4m) | ($1.1m) | $4.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $596k | $28k | $92k | $1.3m | $2.5m | $1.1m | $52k | $4.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.7m | $5.4m | $7.3m | $7.0m | $7.5m | $7.6m | $8.4m | $7.5m | $9.8m | $8.3m | — | |
| Income Taxes Paid, Net | $1.4m | $1.3m | $3.3m | $7.3m | $8.8m | $5.2m | $3.5m | $3.6m | $5.7m | $6.9m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | — | — | — | — | $623k | $247k | $1.9m | $1.9m | $1.9m | $1.9m | — | |
| Income Tax Expense (Benefit) | $8.3m | $7.3m | $5.0m | $5.2m | $5.7m | $5.7m | $5.9m | $6.3m | $7.3m | $7.8m | — | |
| Operating Expenses | $60.3m | $62.6m | $61.5m | $63.7m | $65.8m | $68.6m | $75.0m | $76.4m | $81.8m | $85.2m | — | |
| Operating Lease, Expense | — | — | — | — | — | $45k | $32k | — | — | — | — | |
| Proceeds from Stock Options Exercised | $746k | $957k | $127k | $266k | $695k | $635k | $1.6m | $148k | $0 | $0 | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $92k | $233k | $140k | — | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | — | — | $427k | $886k | $781k | $556k | $894k | $1.2m | $1.1m | $1.6m | — |