Connecticut Water Service Inc / Ct (CTWS) Annual Balance Sheet

Balance Sheet Summary

Connecticut Water Service Inc / Ct (CTWS) annual balance sheet covering fiscal 2013 through 2018, as reported to the SEC.

Connecticut Water Service Inc / Ct had total Assets of $953.34M as of December 31, 2018.
Total Assets were up 6.1% from $898.78M in fiscal 2017.
Total Current Assets of $38.66M were 0.5 times total Current Liabilities of $79.05M.
Cash and Cash Equivalents were $2.86M, down 21.1% from $3.62M. That is 0.3% of total assets.
Long-Term Debt was $257.51M, or 27% of total assets, up 1.6% from $253.37M.
Connecticut Water Service Inc / Ct has built up retained earnings of $104.19M.

Total Assets have grown 8.6% a year on average since fiscal 2013, from $630.81M to $953.34M, rising in every year shown.

A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.

Figures in USD thousands

						Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13
ASSETS
Utility Plant
983,220	927,289	777,860	722,447	685,654	639,704	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Utility Plant						983,220	927,289	777,860	722,447	685,654	639,704	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Construction Work in Progress
14,765	11,761	33,748	23,298	9,304	12,066	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Construction Work in Progress						14,765	11,761	33,748	23,298	9,304	12,066	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross Utility Plant
997,985	939,050	811,608	745,745	694,958	651,770	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross Utility Plant						997,985	939,050	811,608	745,745	694,958	651,770	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accumulated Provision for Depreciation
258,192	241,327	210,212	199,461	188,019	179,894	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accumulated Provision for Depreciation						258,192	241,327	210,212	199,461	188,019	179,894	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net Utility Plant
739,793	697,723	601,396	546,284	506,939	471,876	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net Utility Plant						739,793	697,723	601,396	546,284	506,939	471,876	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Property and Investments
11,501	10,662	9,071	8,126	8,271	7,388	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Property and Investments						11,501	10,662	9,071	8,126	8,271	7,388	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cash and Cash Equivalents, at Carrying Value
2,856	3,618	1,564	731	2,475	18,371	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cash and Cash Equivalents, at Carrying Value						2,856	3,618	1,564	731	2,475	18,371	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accounts Receivable, Net, Current
14,169	14,965	13,024	11,012	11,971	12,340	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accounts Receivable, Net, Current						14,169	14,965	13,024	11,012	11,971	12,340	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Unbilled Revenues
10,011	8,481	8,171	8,259	8,283	7,624	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Unbilled Revenues						10,011	8,481	8,171	8,259	8,283	7,624	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Materials and Supplies
1,679	1,593	1,536	1,617	1,486	1,633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Materials and Supplies						1,679	1,593	1,536	1,617	1,486	1,633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Prepayments and Other Current Assets
9,943	7,021	5,069	5,393	11,953	6,928	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Prepayments and Other Current Assets						9,943	7,021	5,069	5,393	11,953	6,928	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Current Assets
38,658	35,678	29,364	27,012	36,168	46,896	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Current Assets						38,658	35,678	29,364	27,012	36,168	46,896	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Restricted Cash and Cash Equivalents, Noncurrent
-	-	-	846	-	5,777	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Restricted Cash and Cash Equivalents, Noncurrent						-	-	-	846	-	5,777	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unamortized Debt Issuance Expense
-	4,905	-	5,786	6,292	6,841	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unamortized Debt Issuance Expense						-	4,905	-	5,786	6,292	6,841	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unrecovered Income Taxes - Regulatory Asset
75,763	66,631	93,264	77,510	57,331	47,135	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unrecovered Income Taxes - Regulatory Asset						75,763	66,631	93,264	77,510	57,331	47,135	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Pension Benefits - Regulatory Asset
9,337	11,339	12,266	12,414	13,713	3,085	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Pension Benefits - Regulatory Asset						9,337	11,339	12,266	12,414	13,713	3,085	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Post-Retirement Benefits Other Than Pension - Regulatory Asset
133	116	265	468	2,626	1,288	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Post-Retirement Benefits Other Than Pension - Regulatory Asset						133	116	265	468	2,626	1,288	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Goodwill
66,403	67,016	30,427	30,427	31,685	31,685	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Goodwill						66,403	67,016	30,427	30,427	31,685	31,685	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred Charges and Other Costs
11,755	9,618	8,449	7,628	8,164	8,840	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred Charges and Other Costs						11,755	9,618	8,449	7,628	8,164	8,840	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Regulatory and Other Long-Term Assets
163,391	154,720	144,671	129,293	119,811	104,651	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Regulatory and Other Long-Term Assets						163,391	154,720	144,671	129,293	119,811	104,651	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Assets
953,343	898,783	784,502	710,715	671,189	630,811	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Assets						953,343	898,783	784,502	710,715	671,189	630,811	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
CAPITALIZATION AND LIABILITIES
Common Stock Without Par Value: Authorized - 25,000,000 Shares - Issued and Outstanding: 2019 - 12,068,537; 2018 - 12,054,712
190,433	191,641	145,739	144,534	141,684	138,591	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Common Stock Without Par Value: Authorized - 25,000,000 Shares - Issued and Outstanding: 2019 - 12,068,537; 2018 - 12,054,712						190,433	191,641	145,739	144,534	141,684	138,591	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Retained Earnings (Accumulated Deficit)
104,188	102,417	91,213	80,378	69,370	59,277	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Retained Earnings (Accumulated Deficit)						104,188	102,417	91,213	80,378	69,370	59,277	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accumulated Other Comprehensive Loss
-485	-428	-924	-935	-1,603	-115	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accumulated Other Comprehensive Loss						-485	-428	-924	-935	-1,603	-115	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Common Stockholders' Equity
294,136	293,630	236,028	223,977	209,451	197,753	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Common Stockholders' Equity						294,136	293,630	236,028	223,977	209,451	197,753	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Preferred Stock
-	772	772	772	772	772	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Preferred Stock						-	772	772	772	772	772	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Long-Term Debt
257,511	253,367	197,047	171,868	176,601	175,042	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Long-Term Debt						257,511	253,367	197,047	171,868	176,601	175,042	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Capitalization
551,647	547,769	433,847	396,617	386,824	373,567	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Capitalization						551,647	547,769	433,847	396,617	386,824	373,567	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Debt, Current
4,059	6,173	4,859	2,842	2,457	4,121	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Debt, Current						4,059	6,173	4,859	2,842	2,457	4,121	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interim Bank Loans Payable
54,249	19,281	32,953	16,085	1,991	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interim Bank Loans Payable						54,249	19,281	32,953	16,085	1,991	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accounts Payable and Accrued Expenses
13,782	11,319	13,116	11,882	10,019	10,846	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accounts Payable and Accrued Expenses						13,782	11,319	13,116	11,882	10,019	10,846	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Taxes
-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Taxes						-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Interest
1,531	1,439	1,012	727	693	753	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Accrued Interest						1,531	1,439	1,012	727	693	753	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Customer Refund Liability, Current
2,331	64	855	2,994	6,079	4,650	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Customer Refund Liability, Current						2,331	64	855	2,994	6,079	4,650	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Current Liabilities
3,101	3,262	2,330	2,409	2,383	2,359	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Current Liabilities						3,101	3,262	2,330	2,409	2,383	2,359	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Current Liabilities
79,053	41,538	55,125	36,939	23,622	22,729	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Current Liabilities						79,053	41,538	55,125	36,939	23,622	22,729	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Advances for Construction
22,654	20,024	19,127	21,444	26,718	28,718	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Advances for Construction						22,654	20,024	19,127	21,444	26,718	28,718	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred Federal and State Income Taxes
31,593	33,579	50,558	48,036	53,322	47,470	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred Federal and State Income Taxes						31,593	33,579	50,558	48,036	53,322	47,470	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unfunded Future Income Taxes
67,725	58,384	90,977	74,712	56,919	46,723	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unfunded Future Income Taxes						67,725	58,384	90,977	74,712	56,919	46,723	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Long-Term Compensation Arrangements
31,043	32,649	33,540	34,389	35,748	20,651	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Long-Term Compensation Arrangements						31,043	32,649	33,540	34,389	35,748	20,651	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unamortized Investment Tax Credits
1,057	1,133	1,189	1,264	1,339	1,414	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Unamortized Investment Tax Credits						1,057	1,133	1,189	1,264	1,339	1,414	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Excess Accumulated Deferred Income Tax
29,611	30,937	4,373	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Excess Accumulated Deferred Income Tax						29,611	30,937	4,373	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Refund to Customers - Regulatory Liability
534	-	108	993	1,550	7,749	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Refund to Customers - Regulatory Liability						534	-	108	993	1,550	7,749	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Long-Term Liabilities
3,345	1,241	701	5,273	776	1,018	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other Long-Term Liabilities						3,345	1,241	701	5,273	776	1,018	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Long-Term Liabilities
187,562	177,947	200,573	186,111	176,372	153,743	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Long-Term Liabilities						187,562	177,947	200,573	186,111	176,372	153,743	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Contributions in Aid of Construction
135,081	131,529	94,957	91,048	84,371	80,772	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Contributions in Aid of Construction						135,081	131,529	94,957	91,048	84,371	80,772	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Commitments and Contingencies
-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Commitments and Contingencies						-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Capitalization and Liabilities
953,343	898,783	784,502	710,715	671,189	630,811	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total Capitalization and Liabilities						953,343	898,783	784,502	710,715	671,189	630,811	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx