ARTESIAN RESOURCES CORP ARTNA Cash Flow

Artesian resources corp (ARTNA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income applicable to common stock
15,409	14,925	14,771	14,242	14,390	14,278	15,037	15,050	14,375	13,983	13,005	13,421	13,210	12,954	12,063	11,405	11,597	11,305	11,614	11,231	9,961	9,506	8,909	8,195	8,744	8,301	8,501	8,747	8,981	9,846	9,845	9,234	8,242	6,746	6,279	6,938	6,983	7,620	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
10,840	10,803	10,782	10,617	10,435	10,288	10,154	10,016	9,804	9,555	9,377	9,272	9,192	9,188	9,075	9,000	8,943	8,837	8,717	8,781	8,744	8,673	8,640	8,445	8,348	8,251	8,214	8,105	8,011	7,930	7,760	7,701	7,560	7,410	7,358	7,211	7,111	7,032	0	0	0
Deferred income taxes, net
-	-	-	-	-	-	-	0	-6,377	-	-8,211	-5,878	-7,244	-5,464	-12,588	-8,667	-5,291	-5,097	-5,323	-5,974	-6,776	-7,255	-4,146	-4,169	-3,888	-3,843	-4,691	-4,948	-4,638	-4,191	-5,015	-4,058	-4,046	-4,466	0	0	0	-	-	-	-
Deferred income taxes, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Compensation expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation
-	-	-	-	-	-	-	0	436	-	410	397	126	92	194	159	150	183	80	114	134	135	135	135	133	123	114	105	103	108	112	116	118	120	122	125	121	111	0	0	0
AFUDC, equity portion
1,022	886	789	552	516	427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AFUDC, equity portion
-	-	-	-	-	-	-	-	-	-	-	-	177	-	167	167	163	163	117	162	195	212	246	208	197	208	202	223	227	205	176	131	143	100	0	0	0	-	-	-	-
Changes in assets and liabilities:
AFUDC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts receivable, net of allowance for doubtful accounts
1,099	94	-1,218	-4,378	-273	87	531	2,048	978	187	-1,758	-2,243	-782	292	825	1,524	-707	867	1,465	320	1,122	-147	-672	163	-817	-457	302	853	2,742	757	664	165	-2,042	-215	-1,424	-1,901	-489	-290	0	0	0
Income tax receivable
-9	-753	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
-	-	-	-	-	-	-	-	-428	-	-1,204	-158	-95	1,278	530	1,727	2,325	1,640	-516	-1,584	-2,180	-2,613	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled operating revenues
-220	-230	98	-82	214	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-159	-	-49	-235	183	-1,779	-1,752	-897	-1,265	305	444	-742	-458	12	80	725	-912	-639	-976	-1,506	-77	22	1,002	1,389	30	96	0	0	0
Materials and supplies
-242	-195	-14	-125	147	-60	-156	-180	-195	-45	-613	-331	-153	-149	351	177	-89	-177	-53	13	206	405	156	274	144	132	275	41	70	-130	-161	71	206	237	278	215	26	26	0	0	0
Prepaid property taxes
47	84	185	-1	37	75	19	1	64	126	170	0	21	78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other
45	126	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid property taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	54	1	62	163	56	0	50	35	0	0	0	-	-	-	-	-	-	-	-
Prepaid property taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Prepaid expenses and other
-	-	-	-	-	-	-	-	122	-	334	164	217	209	64	132	-77	-49	103	367	200	390	139	592	-42	-59	427	-104	411	179	87	545	-2,614	-1,110	556	-747	2,091	1,336	0	0	0
Other deferred assets
418	361	346	364	351	245	239	262	267	172	150	158	160	175	181	170	168	167	177	177	173	172	144	159	163	139	142	173	175	266	247	261	748	254	503	563	78	111	0	0	0
Regulatory assets
-385	-388	-521	-441	-421	-417	-298	-390	-412	-405	-520	-578	-655	-734	-676	-468	-320	-187	93	87	159	187	69	29	20	-50	-171	-243	-346	-341	287	-43	69	124	-159	37	-18	92	0	0	0
Regulatory liabilities
-706	-642	-1,475	-548	-502	-388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
1,448	343	732	899	1,292	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
1,734	-11	-223	-707	187	-666	-588	1,715	335	3,321	1,359	-229	1,289	618	1,220	1,016	-379	1,131	-728	-725	-65	-357	217	1,400	-703	641	208	-1,003	1,535	715	744	309	-929	-617	-378	207	-63	-295	0	0	0
Accrued expenses
-1,719	-789	-926	-832	1,445	1,014	-44	130	476	1,579	961	995	1,005	55	875	474	-287	-259	-4,186	-3,562	-2,130	-2,197	1,221	1,216	165	280	1,351	1,601	1,140	1,177	702	-371	846	127	1,328	1,757	1,229	1,441	0	0	0
Accrued interest
148	46	59	222	217	-1,021	-177	661	-118	805	183	-66	85	-32	-47	-46	-28	-396	-374	-1	4	374	407	-25	0	-11	-31	-131	-141	-85	-70	51	59	34	14	8	-11	-172	0	0	0
The increase (decrease) during the reporting period in revenue reserved for refund.
-3,772	-3,298	0	0	3,024	3,298	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and other
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and other, net
-	-	-	-	-	-	-	-	-	-	-	-	892	-	768	-646	-499	102	114	930	67	-832	441	-350	326	81	-748	-499	-585	-348	819	310	-110	451	-339	-122	1,082	693	0	0	0
Postretirement benefit obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-81	89	37	-16	-70	-321	-285	-249	-212	0	0	0
NET CASH PROVIDED BY OPERATING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,346	-	23,630	23,450	21,414	18,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY OPERATING ACTIVITIES
18,378	18,870	21,237	25,453	30,895	29,141	31,255	32,612	31,532	35,779	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	23,540	22,638	21,220	19,222	18,867	18,607	18,206	18,178	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (net of AFUDC, equity portion)
40,811	40,677	41,435	44,216	48,252	49,053	47,772	46,948	43,309	41,094	36,531	33,341	31,645	28,251	24,823	23,163	21,355	20,694	20,348	23,607	24,609	23,730	26,509	22,351	19,831	21,188	19,695	19,125	21,036	20,546	19,789	19,161	16,797	15,787	18,838	20,025	19,722	19,703	0	0	0
Proceeds from sale of assets
67	51	48	55	53	49	60	102	88	87	107	79	86	96	83	63	61	48	33	39	32	35	46	34	36	33	18	27	24	29	33	39	54	55	65	56	53	61	0	0	0
NET CASH USED IN INVESTING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,294	-	-20,315	-23,568	-24,577	-23,695	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH USED IN INVESTING ACTIVITIES
-40,744	-40,626	-41,387	-44,161	-48,199	-49,004	-47,712	-46,846	-43,221	-41,007	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-19,756	-19,122	-16,743	-15,732	-18,773	-19,969	-19,669	-19,642	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings under lines of credit agreements
-9,973	-8,442	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings under lines of credit agreements
-	-	-	-	-	-	-	-	10,555	-	2,292	377	-2,574	-3,357	-8,358	-8,998	-7,236	-8,004	-2,070	3,177	5,933	8,159	4,762	1,939	-2,318	-385	-875	-54	1,009	-1,023	-1,646	-16,878	-16,228	-17,331	-11,670	2,913	1,598	3,948	0	0	0
Increase in overdraft payable
-341	-102	-444	305	-291	-187	-798	-710	-114	272	397	342	-197	-514	132	304	110	405	78	-345	-335	-605	606	4	705	-4	-708	-456	-28	385	177	909	-84	-375	-2,824	-790	121	-286	0	0	0
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").
12,938	10,507	9,795	9,699	10,811	10,461	9,583	9,421	9,623	11,353	8,446	8,206	8,821	9,907	11,246	10,458	7,147	5,829	5,895	5,233	4,720	3,808	3,399	4,149	5,367	5,701	5,916	5,669	4,875	3,629	3,516	2,360	1,708	1,640	1,008	1,498	1,432	2,179	0	0	0
Net proceeds from issuance of common stock
924	1,033	984	942	958	956	1,254	1,266	1,690	1,711	1,625	1,667	1,854	1,826	2,614	3,901	3,261	3,049	2,128	799	1,158	1,651	2,157	2,232	2,519	2,439	2,264	2,670	2,160	2,079	1,932	17,370	17,219	17,176	17,629	1,883	2,223	1,918	0	0	0
Issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	689	689	548	-135	385	1,114	1,114	1,584	729	303	358	365	3,195	2,892	2,837	2,830	0	0	0	0
Dividends paid
9,200	9,122	9,044	8,968	8,892	8,819	8,742	8,664	8,580	8,496	8,414	8,333	8,254	8,180	8,096	7,998	7,904	7,811	7,728	7,664	7,595	7,523	7,444	7,366	7,286	7,207	7,136	7,045	6,953	6,850	6,745	6,658	6,409	6,191	5,966	5,759	5,716	5,677	0	0	0
Debt issuance costs
-	-	-	-	-	195	75	75	75	148	148	148	148	0	0	0	0	-	-	-	-	-	-120	-120	-139	-120	-119	-131	-101	-119	-119	-62	-52	-72	-52	-96	-109	-36	0	0	0
Principal repayments of long-term debt
1,827	1,725	1,631	1,447	1,354	1,344	1,340	1,329	1,326	1,218	1,213	1,204	1,200	1,289	1,285	1,277	1,272	1,263	1,206	1,197	1,140	1,132	1,130	1,121	391	1,111	1,110	1,683	2,410	1,618	1,135	971	970	1,544	1,442	1,537	1,533	949	0	0	0
NET CASH USED IN FINANCING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,894	-	-2,993	84	3,065	5,047	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY FINANCING ACTIVITIES
22,431	22,059	20,375	18,677	17,276	19,204	16,440	14,147	11,773	5,954	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,479	-3,313	-4,347	-3,358	-321	1,006	1,064	1,169	0	0	0
NET DECREASE IN CASH AND CASH EQUIVALENTS
65	303	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	6	80	-302	17	-281	-137	158	-34	322	-34	-98	-179	-374	-107	130	-195	65	110	-132	306	305	203	130	132	-227	-356	-399	-295	0	0	0
Non-cash Investing and Financing Activity:
Utility plant received as construction advances and contributions
3,884	3,716	2,349	2,563	1,257	1,153	3,657	4,553	5,267	5,662	2,789	2,461	2,942	2,499	2,670	2,088	1,152	1,451	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosures of Cash Flow Information:
Interest paid
7,055	6,978	6,880	6,500	6,256	7,273	6,288	5,435	6,237	5,372	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utility plant received as construction advances and contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,206	1,867	2,002	1,904	1,548	719	336	706	661	477	459	376	0	0	0
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,981	-	7,407	7,418	7,401	7,019	6,971	7,050	7,044	7,066	7,214	7,276	7,286	7,255	7,139	7,082	7,160	7,255	7,349	7,380	7,353	7,467	0	0	0
Income taxes paid
7,692	7,332	5,720	4,938	3,287	3,287	2,420	1,292	766	1,281	2,431	2,559	1,843	1,434	1,489	2,043	2,634	2,608	1,400	760	1,221	1,615	1,880	2,518	1,574	2,014	1,090	1,046	1,226	312	1,283	647	312	312	0	1,942	1,942	1,942	0	0	0