ARTESIAN RESOURCES CORP ARTNA Cash Flow

Artesian resources corp (ARTNA)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income applicable to common stock
14,925	14,278	13,983	12,954	11,305	9,506	8,301	9,846	6,746	7,620	7,262
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
10,803	10,288	9,555	9,188	8,837	8,673	8,251	7,930	7,410	7,032	6,556
Deferred income taxes, net
-	-	-	-5,464	-5,097	-7,255	-3,843	-4,191	-4,466	-3,480	4,600
Deferred income taxes, net
-2,813	899	8,206	-	-	-	-	-	-	-	-
Compensation expense
181	192	423	-	-	-	-	-	-	-	-
Stock compensation
-	-	-	92	183	135	123	108	120	111	98
AFUDC, equity portion
886	427	227	146	-	-	-	-	-	-	-
AFUDC, equity portion
-	-	-	-	163	212	208	205	100	111	-227
Changes in assets and liabilities:
Accounts receivable, net of allowance for doubtful accounts
94	87	187	292	867	-147	-457	757	-215	-290	-603
Income tax receivable
-753	-1,581	2,203	-	-	-	-	-	-	-	-
Income tax receivable
-	-	-	1,278	1,640	-2,613	-334	252	-	-	-
Unbilled operating revenues
-230	14	24	-132	-	-	-	-	-	-	-
Unbilled operating revenues
-	-	-	-	-1,779	305	12	-639	22	96	79
Materials and supplies
-195	-60	-45	-149	-177	405	132	-130	237	26	-73
Prepaid property taxes
84	75	126	78	190	-90	-	-	-	-	-
Prepaid expenses and other
126	82	215	-	-	-	-	-	-	-	-
Prepaid property taxes
-	-	-	-	-	-	163	35	33	38	-
Prepaid property taxes
-	-	-	-	-	-	-	-	-	-	-103
Prepaid expenses and other
-	-	-	209	-49	390	-59	179	-1,110	1,336	-813
Other deferred assets
361	245	172	175	167	172	139	266	254	111	-159
Regulatory assets
-388	-417	-405	-734	-187	187	-50	-341	124	92	45
Regulatory liabilities
-642	-388	-37	-81	-38	-	-	-	-	-	-
Income tax payable
343	0	0	-	-	-	-	-	-	-	-
Accounts payable
-11	-666	3,321	618	1,131	-357	641	715	-617	-295	860
Accrued expenses
-789	1,014	1,579	55	-259	-2,197	280	1,177	127	1,441	2,183
Accrued interest
46	-1,021	805	-32	-396	374	-11	-85	34	-172	-110
The increase (decrease) during the reporting period in revenue reserved for refund.
-3,298	3,298	0	0	-	-	-	-	-	-	-
The increase (decrease) during the period in the amount of customer money held in customer accounts, collateral for a current or future transactions. Also includes the increase (decrease) during the period in the amount paid in advance by developers related to the connection of water services.
110	119	648	-	-	-	-	-	-	-	-
Customer deposits and other
-	-	-	128	-	-	-	-	-	-	-
Customer deposits and other, net
-	-	-	-	102	-832	81	-348	451	693	92
Postretirement benefit obligation
-	-	-	-	-	-41	-65	-81	-70	-212	75
NET CASH PROVIDED BY OPERATING ACTIVITIES
-	-	-	-	-	18,469	21,022	23,373	-	-	-
NET CASH PROVIDED BY OPERATING ACTIVITIES
18,870	29,141	35,779	29,779	28,407	-	-	-	19,222	18,178	13,562
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (net of AFUDC, equity portion)
40,677	49,053	41,094	28,251	20,694	23,730	21,188	20,546	15,787	19,703	17,576
Proceeds from sale of assets
51	49	87	96	48	35	33	29	55	61	43
NET CASH USED IN INVESTING ACTIVITIES
-	-	-	-	-	-23,695	-21,155	-20,517	-	-	-
NET CASH USED IN INVESTING ACTIVITIES
-40,626	-49,004	-41,007	-28,155	-20,646	-	-	-	-15,732	-19,642	-17,533
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings under lines of credit agreements
-8,442	6,332	2,480	-	-	-	-	-	-	-	-
Net borrowings under lines of credit agreements
-	-	-	-3,357	-8,004	8,159	-385	-1,023	-17,331	3,948	4,837
Increase in overdraft payable
-102	-187	272	-514	405	-605	-4	385	-375	-286	242
Net increase(decrease) in the carrying amount of the payments received by a utility from its customers in advance of performing its obligations under terms of its construction agreements and in the amount developers, builders, governmental agencies and municipalities provide the entity with cash, or in some cases property, to extend its services to their properties. Nonrefundable contributions are recorded as contributions in aid of construction ("CIAC").
10,507	10,461	11,353	9,907	5,829	3,808	5,701	3,629	1,640	2,179	1,854
Net proceeds from issuance of common stock
1,033	956	1,711	1,826	3,049	1,651	2,439	2,079	17,176	1,918	1,399
Issuance of long-term debt
30,000	12,000	0	-	-	-	-	-	-	-	-
Issuance of long-term debt
-	-	-	0	-	689	385	729	3,195	0	0
Dividends paid
9,122	8,819	8,496	8,180	7,811	7,523	7,207	6,850	6,191	5,677	5,379
Debt issuance costs
90	195	148	0	0	-	-120	-119	-72	-36	-114
Principal repayments of long-term debt
1,725	1,344	1,218	1,289	1,263	1,132	1,111	1,618	1,544	949	1,516
NET CASH USED IN FINANCING ACTIVITIES
-	-	-	-	-	5,047	-62	-2,550	-	-	-
NET CASH PROVIDED BY FINANCING ACTIVITIES
22,059	19,204	5,954	-1,607	-7,795	-	-	-	-3,358	1,169	1,551
NET DECREASE IN CASH AND CASH EQUIVALENTS
303	-659	726	-	-	-	-	-	-	-	-
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
-	-	-	17	-34	-179	-195	306	132	-295	-2,420
Non-cash Investing and Financing Activity:
Utility plant received as construction advances and contributions
3,716	1,153	5,662	2,499	1,451	1,491	948	-	-	-	-
Contractual amounts of contributions in aid of construction due from developers included in accounts receivable.
710	2,156	2,910	1,542	796	456	349	629	627	509	678
Contractual amounts of contributions in aid of construction received from developers included in accounts receivable.
2,050	2,981	1,995	388	377	361	505	602	509	630	0
Supplemental Disclosures of Cash Flow Information:
Interest paid
6,978	7,273	5,372	6,676	7,394	-	-	-	-	-	-
Utility plant received as construction advances and contributions
-	-	-	-	-	-	-	1,904	706	376	845
Interest paid
-	-	-	-	-	7,019	7,066	7,255	7,255	7,467	7,107
Income taxes paid
7,332	3,287	1,281	1,434	2,608	1,615	2,014	312	312	1,942	350