| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Stock Issued During Period, Value, Acquisitions | |||||||||
- | - | - | - | - | 0 | 12,012 | 0 | 0 | - |
Operating Activities: | |||||||||
Net Income | |||||||||
16,695 | 25,054 | 23,387 | 22,761 | 21,319 | 18,269 | 13,640 | 11,300 | 9,798 | 10,209 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||||||||
Deferred Revenues | |||||||||
3,701 | 3,945 | 893 | 1,344 | 3,461 | 3,059 | -239 | -239 | -239 | -527 |
Provision for Deferred Income Taxes and Investment Tax Credits, Net | |||||||||
3,157 | -3,387 | -2,950 | 7,502 | -5,878 | -7,386 | 826 | -2,164 | -1,938 | -1,575 |
Allowance for Funds Used During Construction | |||||||||
465 | 774 | 1,198 | 530 | 518 | 366 | 239 | 188 | 171 | 238 |
Depreciation (including $506 and $702 in 2019 and 2018, respectively, charged to other accounts) | |||||||||
20,881 | 17,459 | 13,173 | 12,898 | 12,457 | 11,140 | 10,446 | 9,006 | 7,894 | 7,166 |
Gain (Loss) on Sale of Properties | |||||||||
629 | 33 | -54 | 349 | 50 | -7 | 951 | 176 | 230 | - |
Change in Assets and Liabilities: | |||||||||
Increase in Accounts Receivable and Accrued Unbilled Revenues | |||||||||
734 | 1,053 | 1,925 | -984 | 291 | 1,205 | 1,333 | -1,566 | 4,561 | -175 |
Increase in Prepayments and Other Current Assets | |||||||||
2,880 | 1,278 | -338 | -6,540 | 5,012 | 4,321 | 24 | -40 | 380 | -328 |
(Increase) Decrease in Other Non-Current Items | |||||||||
-5,156 | -200 | 2,741 | -11,383 | 1,286 | -11,985 | -5,251 | -2,260 | -968 | -551 |
Increase in Accounts Payable, Accrued Expenses and Other Current Liabilities | |||||||||
2,244 | -2,404 | 176 | -3,695 | 1,169 | 4,514 | 166 | 138 | 1,272 | 438 |
Total Adjustments | |||||||||
16,715 | 11,559 | 9,934 | 18,385 | 8,886 | 26,081 | 12,729 | 15,049 | 6,969 | 10,522 |
Net Cash and Cash Equivalents Provided by Operating Activities | |||||||||
33,410 | 36,613 | 33,321 | 41,146 | 30,205 | 44,350 | 26,369 | 26,349 | 16,767 | 20,731 |
Investing Activities: | |||||||||
Net Additions to Utility Plant Used in Continuing Operations | |||||||||
57,030 | 53,022 | 66,689 | 48,025 | 45,668 | 33,303 | 25,694 | 23,824 | 26,521 | 28,111 |
Cash portion of The Avon Water Company Acquisition | |||||||||
0 | 6,134 | 0 | 0 | - | - | 35,754 | 216 | 297 | 1,469 |
Proceeds from Sale of Land Held-for-investment | |||||||||
1,350 | 212 | 9 | 14 | 243 | 95 | 1,450 | 0 | 0 | - |
Cash Acquired from Acquisition | |||||||||
0 | 1,791 | 0 | 0 | - | - | - | - | - | - |
Company Financed Additions to Utility Plant | |||||||||
- | - | - | - | - | - | - | - | 26,240 | -27,598 |
Advances from Others for Construction | |||||||||
- | - | - | - | - | - | - | - | 281 | -513 |
Purchase of Customer Contracts | |||||||||
- | - | - | - | - | - | - | - | -900 | 0 |
Release of restricted cash | |||||||||
0 | 0 | -846 | 846 | -5,779 | -5,457 | -6,117 | -1,226 | -11,460 | 0 |
Net Cash and Cash Equivalents Used in Investing Activities | |||||||||
-55,680 | -57,153 | -65,834 | -48,857 | -39,646 | -27,751 | -53,881 | -22,814 | -16,258 | -29,580 |
Financing Activities: | |||||||||
Proceeds from Interim Bank Loans | |||||||||
54,249 | 19,281 | 32,953 | 16,085 | 1,991 | 0 | 1,660 | 21,372 | 26,342 | 25,000 |
Repayment of Interim Bank Loans | |||||||||
19,281 | 35,453 | 16,085 | 1,991 | 0 | 1,660 | 21,372 | 26,342 | 25,000 | 12,074 |
Payments for Repurchase of Preferred Stock and Preference Stock | |||||||||
787 | 0 | 0 | - | - | - | - | - | - | - |
Payments for Repurchase of Common Stock | |||||||||
3,525 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from the Issuance of Long-Term Debt | |||||||||
8,000 | 55,000 | 49,930 | 4,352 | 4,500 | 14,550 | 92,840 | 8,061 | 0 | 6,903 |
Proceeds from Issuance of Common Stock | |||||||||
1,410 | 1,404 | 1,610 | 1,536 | 1,697 | 1,629 | 51,101 | 1,346 | 1,358 | 1,323 |
Proceeds from the Exercise of Stock Options | |||||||||
- | - | - | - | - | 225 | 631 | 146 | 287 | 390 |
Costs to Issue Long-Term Debt and Common Stock | |||||||||
5 | 2 | 88 | 37 | 2 | 42 | 2,316 | 380 | 2 | 464 |
Repayment of Long-Term Debt Including Current Portion | |||||||||
6,170 | 5,195 | 22,772 | 2,476 | 4,114 | 15,870 | 75,430 | 410 | 280 | 280 |
Advances from Others for Construction | |||||||||
2,526 | 1,479 | 350 | 251 | 699 | 586 | 1,041 | 966 | 281 | 513 |
Cash Dividends Paid | |||||||||
14,909 | 13,920 | 12,552 | 11,753 | 11,226 | 10,796 | 8,505 | 8,234 | 7,980 | 7,709 |
Net Cash and Cash Equivalents (Used in) Provided by Financing Activities | |||||||||
21,508 | 22,594 | 33,346 | 5,967 | -6,455 | -11,378 | 39,650 | -3,475 | -4,994 | 13,602 |
Net (Decrease) Increase in Cash and Cash Equivalents | |||||||||
-762 | 2,054 | 833 | -1,744 | -15,896 | 5,221 | 12,138 | 60 | -4,485 | 4,753 |
Non-Cash Investing and Financing Activities: | |||||||||
Non-Cash Contributed Utility Plant | |||||||||
4,147 | 2,741 | 1,394 | 1,282 | 1,130 | 801 | 1,089 | 334 | 707 | - |
Supplemental Disclosures of Cash Flow Information: | |||||||||
Cash Paid for: | |||||||||
Interest | |||||||||
10,995 | 8,445 | 6,678 | 6,761 | 6,665 | 6,573 | 8,488 | 5,432 | 5,478 | 4,366 |
State and Federal Income Taxes | |||||||||
445 | 572 | 445 | 537 | 1,135 | 3,600 | 6,161 | 5,347 | 3,814 | 2,907 |