Artesian resources corp (ARTNA)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

-

-

71,086

-

70,028

69,179

69,330

68,932

68,329

67,145

65,621

64,667

63,526

62,195

62,363

61,846

62,010

63,047

63,130

63,607

62,642

61,210

59,692

57,564

57,304

57,480

56,706

56,685

0

0

0

Other utility operating revenue

-

-

-

-

-

-

-

-

-

-

-

-

3,971

-

3,830

3,715

3,697

3,694

3,674

3,718

3,717

3,648

3,624

3,450

3,260

3,253

3,224

3,212

3,220

3,169

3,259

3,291

3,291

3,302

3,192

3,098

3,101

2,973

0

0

0

Non-utility operating revenue

-

-

-

-

-

-

-

-

-

-

-

-

4,773

-

4,564

4,476

4,484

4,398

4,350

4,309

4,189

4,150

4,129

4,112

4,023

3,974

3,898

3,801

3,842

3,787

3,783

3,912

4,028

4,204

4,437

4,588

4,852

5,227

0

0

0

Total Tariff Revenue

84,110

83,595

81,930

81,305

80,891

80,411

81,255

81,687

81,951

82,235

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,422

77,370

77,511

77,024

76,353

75,172

73,527

72,465

71,279

69,757

69,646

69,073

69,132

70,060

70,192

70,563

69,684

68,413

67,011

65,070

64,933

65,166

64,659

64,885

0

0

0

Operating expenses
Utility operating expenses

39,303

39,189

38,741

38,579

38,368

38,330

38,168

37,905

38,455

38,277

37,617

36,839

36,017

35,658

36,554

36,298

36,033

36,148

35,242

34,468

35,037

34,893

34,742

34,895

34,195

34,509

34,341

35,081

35,019

34,117

33,165

32,323

32,151

32,300

32,930

32,314

31,644

30,934

0

0

0

Non-utility operating expenses

3,276

3,315

3,194

3,091

2,983

2,879

2,762

2,763

2,754

2,777

2,763

2,725

2,653

2,602

2,522

2,402

2,419

2,305

2,200

2,131

2,156

2,193

2,222

2,224

2,140

2,121

2,135

2,139

2,141

2,100

2,287

2,481

2,706

3,148

3,282

3,519

3,702

3,780

0

0

0

Depreciation and amortization

10,840

10,803

10,784

10,618

10,435

10,288

10,152

10,016

9,804

9,555

9,379

9,272

9,192

9,188

9,074

9,000

8,943

8,837

8,718

8,781

8,744

8,673

8,638

8,445

8,348

8,251

8,214

8,105

8,011

7,930

7,761

7,701

7,560

7,410

7,358

7,211

7,111

7,032

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Property and other taxes

5,228

5,182

5,119

5,075

5,005

4,968

4,926

4,834

4,819

4,731

4,657

4,609

4,537

4,491

4,469

4,419

4,381

4,368

4,328

4,267

4,280

4,285

4,293

4,296

4,193

4,120

4,034

3,992

3,979

3,945

3,904

3,868

3,839

3,822

3,741

3,744

3,843

3,789

0

0

0

Total Operating Expenses

64,007

63,670

62,095

61,956

61,623

61,456

61,636

61,858

62,371

62,635

62,678

61,659

60,873

60,270

60,424

59,923

59,748

59,442

58,382

57,264

56,955

56,419

55,876

55,361

54,754

54,589

54,449

55,206

55,189

54,708

53,743

52,600

51,904

51,334

51,604

51,498

50,959

50,617

0

0

0

Operating income

20,103

19,925

19,835

19,349

19,268

18,955

19,619

19,829

19,580

19,600

18,787

19,278

18,957

18,819

17,998

17,447

17,763

17,582

17,971

17,908

16,572

16,046

15,403

14,396

14,892

14,484

14,683

14,854

15,003

15,855

15,941

15,813

15,107

13,736

13,329

13,668

13,700

14,268

0

0

0

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

1,607

1,410

1,266

846

760

622

519

456

352

334

291

295

268

222

256

255

249

249

177

250

302

329

385

325

308

324

315

349

356

323

275

209

162

163

183

189

175

183

0

0

0

Miscellaneous income

902

614

609

769

835

953

1,009

860

562

226

188

224

483

557

550

548

538

472

498

490

492

524

499

498

588

548

561

562

642

713

699

348

192

136

129

469

450

464

0

0

0

Income before interest charges

22,612

21,949

21,710

20,964

20,863

20,530

21,147

21,145

20,494

20,160

19,266

19,797

19,708

19,598

18,804

18,250

18,550

18,303

18,646

18,648

17,366

16,899

16,287

15,219

15,788

15,356

15,559

15,765

16,001

16,891

16,915

16,370

15,461

14,035

13,641

14,326

14,325

14,915

0

0

0

Interest charges

7,203

7,024

6,939

6,722

6,473

6,252

6,110

6,095

6,119

6,177

6,264

6,377

6,498

6,644

6,738

6,845

6,953

6,998

7,032

7,416

7,405

7,393

7,378

7,025

7,044

7,055

7,058

7,020

7,020

7,045

7,070

7,133

7,219

7,289

7,362

7,388

7,342

7,295

0

0

0

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

13,002

13,420

13,210

12,954

12,066

11,405

11,597

11,305

11,614

11,232

9,961

9,506

8,909

8,194

8,744

8,301

8,501

8,745

8,981

9,846

9,845

9,237

8,242

6,746

6,279

6,938

6,983

7,620

0

0

0

Income per common share:
Less dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Less dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

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

74,067

73,609

72,074

71,441

71,118

70,829

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,049

4,916

4,698

4,642

4,577

4,456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

4,994

5,070

5,158

5,222

5,196

5,126

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-