Artesian resources corp (ARTNA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating revenues
Water sales

-

-

-

-

-

-

-

-

-

-

-

-

16,935

-

19,680

17,323

16,436

16,589

18,831

17,474

16,038

15,986

17,647

15,950

15,084

14,845

16,316

16,118

14,567

15,009

17,353

16,201

15,044

14,044

15,921

14,683

12,916

13,784

16,097

13,909

12,895

Other utility operating revenue

-

-

-

-

-

-

-

-

-

-

-

-

1,020

-

976

912

865

1,077

861

894

862

1,057

905

893

793

1,033

731

703

786

1,004

719

711

735

1,094

751

711

746

984

657

714

618

Non-utility operating revenue

-

-

-

-

-

-

-

-

-

-

-

-

1,235

-

1,172

1,160

1,148

1,084

1,084

1,168

1,062

1,036

1,043

1,048

1,023

1,015

1,026

959

974

939

929

1,000

919

935

1,058

1,116

1,095

1,168

1,209

1,380

1,470

Total Tariff Revenue

19,901

21,008

22,549

20,652

19,386

19,343

21,924

20,238

18,906

20,187

22,356

20,502

19,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,828

19,395

18,449

18,750

20,776

19,536

17,962

18,079

19,595

17,891

16,900

16,893

18,073

17,780

16,327

16,952

19,001

17,912

16,698

16,073

17,730

16,510

14,757

15,936

17,963

16,003

14,983

Operating expenses
Utility operating expenses

9,235

10,324

10,495

9,249

9,121

9,876

10,333

9,038

9,083

9,714

10,070

9,588

8,905

9,054

9,292

8,766

8,546

9,950

9,036

8,501

8,661

9,044

8,262

9,070

8,517

8,893

8,415

8,370

8,831

8,725

9,155

8,308

7,929

7,773

8,313

8,136

8,078

8,403

7,697

7,466

7,368

Non-utility operating expenses

728

931

838

779

767

810

735

671

663

693

736

662

686

679

698

590

635

599

578

607

521

494

509

632

558

523

511

548

539

537

515

550

498

724

709

775

940

858

946

958

1,018

Depreciation and amortization

2,752

2,685

2,679

2,724

2,715

2,666

2,513

2,541

2,568

2,530

2,377

2,329

2,319

2,354

2,270

2,249

2,315

2,240

2,196

2,192

2,209

2,121

2,259

2,155

2,138

2,086

2,066

2,058

2,041

2,049

1,957

1,964

1,960

1,880

1,897

1,823

1,810

1,828

1,750

1,723

1,731

Taxes
State and Federal Income Taxes [Abstract]
State and federal income taxes

1,359

-

1,498

1,325

1,180

-

1,834

1,564

1,339

-

2,546

1,763

2,095

-

2,498

2,023

1,952

-

2,497

2,191

1,764

-

2,220

1,312

1,401

-

1,740

1,689

1,111

-

1,904

1,839

1,688

-

1,505

1,260

694

-

1,922

1,209

1,117

Property and other taxes

1,365

1,299

1,309

1,255

1,319

1,236

1,265

1,185

1,282

1,194

1,173

1,170

1,194

1,120

1,125

1,098

1,148

1,098

1,075

1,060

1,135

1,058

1,014

1,073

1,140

1,066

1,017

970

1,067

980

975

957

1,033

939

939

928

1,016

858

942

1,027

962

Total Operating Expenses

15,439

16,417

16,819

15,332

15,102

14,842

16,680

14,999

14,935

15,022

16,902

15,512

15,199

15,065

15,883

14,726

14,596

15,219

15,382

14,551

14,290

14,159

14,264

14,242

13,754

13,616

13,749

13,635

13,589

13,476

14,506

13,618

13,108

12,511

13,363

12,922

12,538

12,781

13,257

12,383

12,196

Operating income

4,462

4,591

5,730

5,320

4,284

4,501

5,244

5,239

3,971

5,165

5,454

4,990

3,991

4,352

5,945

4,669

3,853

3,531

5,394

4,985

3,672

3,920

5,331

3,649

3,146

3,277

4,324

4,145

2,738

3,476

4,495

4,294

3,590

3,562

4,367

3,588

2,219

3,155

4,706

3,620

2,787

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

423

352

566

266

226

208

146

180

88

105

83

76

70

62

87

49

24

96

86

43

24

24

159

95

51

80

99

78

67

71

133

85

34

23

67

38

35

43

73

24

43

Miscellaneous income

1,088

-55

-73

-58

800

-60

87

8

918

-4

-62

-290

582

-42

-26

-31

656

-49

-28

-41

590

-23

-36

-39

622

-48

-37

51

582

-35

-36

131

653

-49

-387

-25

597

-56

-47

-44

611

Income before interest charges

5,973

4,888

6,223

5,528

5,310

4,649

5,477

5,427

4,977

5,266

5,475

4,776

4,643

4,372

6,006

4,687

4,533

3,578

5,452

4,987

4,286

3,921

5,454

3,705

3,819

3,309

4,386

4,274

3,387

3,512

4,592

4,510

4,277

3,536

4,047

3,601

2,851

3,142

4,732

3,600

3,441

Interest charges

1,899

1,789

1,765

1,750

1,720

1,704

1,548

1,501

1,499

1,562

1,533

1,525

1,557

1,649

1,646

1,646

1,703

1,743

1,753

1,754

1,748

1,777

2,137

1,743

1,736

1,762

1,784

1,762

1,747

1,765

1,746

1,762

1,772

1,790

1,809

1,848

1,842

1,863

1,835

1,802

1,795

Net income applicable to common stock

4,074

3,099

4,458

3,778

3,590

2,945

3,929

3,926

3,478

3,704

3,942

3,251

3,086

2,723

4,360

3,041

2,830

1,835

3,699

3,233

2,538

2,144

3,317

1,962

2,083

1,547

2,602

2,512

1,640

1,747

2,846

2,748

2,505

1,746

2,238

1,753

1,009

1,279

2,897

1,798

1,646

Income per common share:
Less dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,422

-

-

Less dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,415

-

Basic (in dollars per share)

0.44

0.33

0.48

0.41

0.39

0.31

0.43

0.43

0.38

0.40

0.43

0.35

0.34

0.30

0.48

0.33

0.31

0.21

0.41

0.36

0.28

0.24

0.37

0.22

0.24

0.17

0.30

0.29

0.19

0.20

0.33

0.32

0.29

0.21

0.26

0.23

0.13

0.17

0.38

0.24

0.22

Diluted (in dollars per share)

0.44

0.32

0.48

0.41

0.39

0.33

0.42

0.42

0.37

0.40

0.42

0.35

0.34

0.29

0.48

0.33

0.31

0.21

0.41

0.36

0.28

0.25

0.37

0.22

0.23

0.18

0.29

0.28

0.19

0.19

0.33

0.32

0.29

0.21

0.26

0.23

0.13

0.16

0.38

0.24

0.22

Weighted average common shares outstanding:
Basic (in shares)

9,297

9,291

9,283

9,276

9,258

9,252

9,244

9,237

9,223

9,211

9,191

9,163

9,135

9,122

9,112

9,092

9,066

9,037

8,960

8,926

8,917

8,909

8,898

8,884

8,845

8,821

8,789

8,761

8,725

8,706

8,681

8,651

8,626

16,261

8,547

7,672

7

22,699

7

7

7,513

Diluted (in shares)

9,343

9,337

9,329

9,324

9,314

9,299

9,299

9,293

9,281

9,243

9,286

9,235

9,204

9,182

9,177

9,155

9,130

9,105

9,000

8,960

8,955

8,947

8,930

8,928

8,899

8,871

8,850

8,829

8,794

8,767

8,752

8,686

8,663

16,339

8,579

7,714

7

22,873

7

7

7,583

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

0.24

0.24

0.24

0.24

0.24

0.24

0.23

0.23

0.23

0.23

0.23

0.23

0.22

0.22

0.22

0.22

0.22

0.22

0.21

0.21

0.21

-

0.21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends per share of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.20

-

0.20

0.20

0.20

0.20

0.19

0.19

0.19

0.19

0.19

0.19

0.18

0.18

0.18

0.18

0.18

Product line consisting of water sales.
Total Tariff Revenue

17,392

18,381

20,102

18,192

16,934

16,846

19,469

17,869

16,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,253

1,401

1,245

1,150

1,120

1,183

1,189

1,085

999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,256

1,226

1,202

1,310

1,332

1,314

1,266

1,284

1,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-