Artesian resources corp (ARTNA)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating revenues
Water sales

-

-

-

-

68,932

64,667

61,846

63,607

57,564

56,685

53,871

Other utility operating revenue

-

-

-

-

3,694

3,648

3,253

3,169

3,302

2,973

2,208

Non-utility operating revenue

-

-

-

-

4,398

4,150

3,974

3,787

4,204

5,227

4,833

Total Tariff Revenue

83,595

80,411

82,235

79,089

-

-

-

-

-

-

-

Total operating revenues

-

-

-

-

77,024

72,465

69,073

70,563

65,070

64,885

60,912

Operating expenses
Utility operating expenses

39,189

38,330

38,277

35,658

36,148

34,893

34,509

34,117

32,300

30,934

28,965

Non-utility operating expenses

3,315

2,879

2,777

2,602

2,305

2,193

2,121

2,100

3,148

3,780

3,403

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

Taxes
State and Federal Income Taxes [Abstract]
Current

8,420

4,172

-929

-

-

-

-

-

-

-

-

Deferred

-3,239

819

8,224

-

-

-

-

-

-

-

-

Current

-

-

-

2,849

2,667

-900

1,725

1,940

106

950

116

Deferred

-

-

-

5,482

5,117

7,275

3,863

4,676

4,548

4,132

4,744

Property and other taxes

5,182

4,968

4,731

4,491

4,368

4,285

4,120

3,945

3,822

3,789

3,483

Total Operating Expenses

63,670

61,456

62,635

60,270

59,442

56,419

54,589

54,708

51,334

50,617

47,267

Operating income

19,925

18,955

19,600

18,819

17,582

16,046

14,484

15,855

13,736

14,268

13,645

Other income, net
Allowance for funds used during construction (AFUDC)

1,410

622

334

222

249

329

324

323

163

183

413

Miscellaneous income

614

953

226

557

472

524

548

713

136

464

422

Total other income

2,024

1,575

560

779

721

853

872

1,036

299

647

-

Total other income

-

-

-

-

-

-

-

-

-

-

835

Income before interest charges

21,949

20,530

20,160

19,598

18,303

16,899

15,356

16,891

14,035

14,915

14,480

Interest charges

7,024

6,252

6,177

6,644

6,998

7,393

7,055

7,045

7,289

7,295

7,218

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

Income per common share:
Basic (in dollars per share)

1.61

1.55

1.52

1.42

1.26

1.07

0.95

1.14

0.83

1.01

0.97

Diluted (in dollars per share)

1.60

1.54

1.51

1.41

1.26

1.07

0.94

1.13

0.83

1.00

0.97

Weighted average common shares outstanding:
Basic (in shares)

9,277

9,239

9,175

9,098

8,960

8,884

8,774

8,666

8,122

7,557

7

Diluted (in shares)

9,326

9,293

9,242

9,161

9,005

8,926

8,836

8,717

8,160

7,618

7

Cash dividends per share of common stock (in dollars per share)

0.98

0.95

0.92

0.89

0.87

0.84

0.82

-

-

-

-

Cash dividends per share of common stock

-

-

-

-

-

-

-

0.79

0.76

0.75

0.72

Product line consisting of water sales.
Total Tariff Revenue

73,609

70,829

73,058

70,587

-

-

-

-

-

-

-

Product line consisting of other utility operating revenue.
Total Tariff Revenue

4,916

4,456

4,177

3,816

-

-

-

-

-

-

-

Product line consisting of non-utility operating revenue.
Total Tariff Revenue

5,070

5,126

5,000

4,686

-

-

-

-

-

-

-