Connecticut water service inc / ct (CTWS)
CashFlow / Quarterly
Jun'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'11
Operating Activities:
Net Income

5,786

2,238

-470

13,663

4,729

-1,227

1,852

10,716

8,418

4,068

761

9,535

9,943

3,148

2,228

8,755

8,675

3,103

2,395

8,448

7,490

2,986

1,904

9,442

4,310

2,613

1,593

5,974

4,163

1,910

1,828

3,734

3,470

2,268

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Deferred Revenues

3,392

871

1,826

-1,560

3,332

103

-1,338

1,862

2,908

513

-1,795

21

2,327

340

-2,051

1,051

2,593

-249

-830

1,618

2,626

47

476

2,702

-59

-60

-60

-60

-59

-60

-60

-60

-59

-60

Provision for Deferred Income Taxes and Investment Tax Credits, Net

-1,378

341

3,043

1,398

-1,408

124

-2,981

-1,023

89

528

294

-1,119

-1,415

-710

2,658

-1,497

4,975

1,366

507

-3,952

-2,207

-226

-2,323

-1,578

-1,981

-1,504

-930

751

1,553

-548

-398

-678

-602

-486

Allowance for Funds Used During Construction

203

156

161

146

105

53

106

102

230

336

347

330

289

232

203

129

108

90

101

150

169

98

157

79

76

54

45

60

78

56

71

47

39

31

Depreciation (including $506 and $702 in 2019 and 2018, respectively, charged to other accounts)

4,978

5,240

6,137

4,977

4,829

4,938

4,907

4,525

4,064

3,963

2,223

3,622

3,687

3,641

2,783

3,431

3,328

3,356

3,265

3,046

3,047

3,099

2,699

2,872

2,569

3,000

2,950

2,556

2,526

2,414

2,678

2,141

2,114

2,073

Gain (Loss) on Sale of Properties

11

12

3

626

0

0

0

0

0

33

-56

2

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Assets and Liabilities:
Increase in Accounts Receivable and Accrued Unbilled Revenues

2,280

-1,772

-4,005

5,191

1,979

-2,431

-2,102

2,667

2,380

-1,892

-2,774

3,323

2,784

-1,408

-3,822

2,235

2,071

-1,468

-2,234

1,762

2,269

-1,506

-3,050

2,603

2,260

-608

-3,412

2,681

2,195

-131

-3,515

2,032

1,025

-1,108

Increase in Prepayments and Other Current Assets

-1,787

3,376

-2,554

2,903

289

2,242

-4,760

4,968

2

1,068

-4,608

2,416

-682

2,536

-7,111

2,197

-3,183

1,557

-1,613

4,279

848

1,498

-13,849

17,497

-792

1,465

-2,149

1,879

-1,936

2,230

-1,784

1,532

-1,425

1,637

(Increase) Decrease in Other Non-Current Items

-421

-1,638

-6,193

5,627

-2,134

-2,456

1,475

694

-1,460

-909

-167

-2,141

4,517

532

-605

-3,499

-6,647

-632

-50

1,890

161

-715

-476

-10,093

-1,412

-4

-1,114

-1,941

-1,676

-520

62

-393

-879

-1,050

Increase in Accounts Payable, Accrued Expenses and Other Current Liabilities

1,788

-554

2,839

-150

3,428

-3,873

356

-733

-335

-1,692

687

1,102

1,900

-3,513

-2,047

-1,072

-868

292

645

534

1,923

-1,933

2,638

3,591

-31

-1,684

-764

1,525

535

-1,130

-16

1,358

-903

-301

Total Adjustments

4,466

3,340

16,695

-9,504

6,094

3,430

14,863

-5,478

-420

2,594

11,669

1,892

-2,233

-1,394

11,466

1,392

2,543

2,984

7,983

-2,171

1,104

1,970

24,402

-4,740

4,446

1,973

6,294

2,244

3,934

257

8,110

1,019

3,112

2,808

Net Cash and Cash Equivalents Provided by Operating Activities

10,252

5,578

16,225

4,159

10,823

2,203

16,715

5,238

7,998

6,662

12,430

11,427

7,710

1,754

13,694

10,147

11,218

6,087

10,378

6,277

8,594

4,956

26,306

4,702

8,756

4,586

7,887

8,218

8,097

2,167

9,938

4,753

6,582

5,076

Investing Activities:
Net Additions to Utility Plant Used in Continuing Operations

15,201

14,823

18,967

17,205

13,925

6,933

16,036

12,548

14,275

10,163

19,219

18,843

16,874

11,753

17,765

16,022

7,715

6,523

14,599

13,611

11,056

6,402

10,421

9,209

8,226

5,447

7,862

6,686

7,336

3,810

7,457

7,913

5,489

2,965

Cash portion of The Avon Water Company Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-586

0

586

35,754

0

216

0

0

Proceeds from Sale of Land Held-for-investment

-

-

-

-

-

-

0

0

0

212

0

9

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Acquired from Acquisition

-

-

-

-

-

-

0

455

0

1,336

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Company Financed Additions to Utility Plant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,694

7,205

3,880

-

7,934

11,080

-2,895

Advances from Others for Construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

131

-70

-

-21

339

-70

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

0

-197

0

-649

846

0

0

0

-1,291

-3,093

-230

-1,165

-4,162

0

-1,295

0

-

-

-

-

-

-

-

-

Net Cash and Cash Equivalents Used in Investing Activities

-15,201

-14,823

-18,967

-15,855

-13,925

-6,933

-16,036

-18,227

-14,275

-8,615

-19,219

-18,637

-16,874

-11,104

-18,603

-16,016

-7,715

-6,523

-13,072

-10,511

-10,826

-5,237

-6,259

-9,114

-6,931

-5,447

-7,276

-3,890

-3,151

-39,564

-7,457

-6,903

-5,489

-2,965

Financing Activities:
Proceeds from Interim Bank Loans

8,684

65,948

-4,292

15,650

13,694

29,197

3,234

-27,585

8,543

35,089

11,116

10,637

-18,272

29,472

4,643

7,724

-1,704

5,422

1,298

693

0

0

-1,324

1,190

-907

1,041

-20,957

-1,654

-2,900

27,171

-9,350

4,296

129

26,297

Repayment of Interim Bank Loans

0

54,249

0

0

0

19,281

2,500

0

0

32,953

0

0

0

16,085

0

0

0

1,991

0

0

0

0

0

0

0

1,660

0

0

0

21,372

0

0

0

26,342

Proceeds from the Issuance of Long-Term Debt

0

1,686

8,000

0

0

0

0

50,000

0

5,000

0

19,930

30,000

0

-

-

-

-

-

-

-

-

0

0

0

14,550

56,752

0

0

36,088

8,061

0

0

0

Proceeds from Issuance of Common Stock

293

278

322

366

342

380

360

352

353

339

378

380

427

425

402

381

387

366

402

409

467

419

420

412

404

393

50,366

32

349

354

604

72

338

332

Proceeds from the Exercise of Stock Options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

543

0

88

0

146

0

0

Costs to Issue Long-Term Debt and Common Stock

0

17

5

0

0

0

0

0

0

2

0

61

27

0

32

0

0

5

2

0

0

0

-

-

-

-

-

-

-

-

380

0

0

0

Repayment of Long-Term Debt Including Current Portion

509

1,224

1,676

591

2,752

1,151

3,329

762

296

808

1,164

20,587

259

762

1,157

376

282

661

248

3,073

239

554

257

344

493

14,776

74,559

246

219

406

40

80

100

190

Advances from Others for Construction

119

1,430

-

-

-

-

496

164

866

-47

49

109

78

114

92

36

71

52

460

103

72

64

407

-66

345

-100

988

-8

131

-70

718

-21

199

70

Repayments of Advances for Construction

-

-

-

-

245

409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Dividends Paid

3,951

3,768

3,764

3,764

3,777

3,604

3,596

3,600

3,450

3,274

3,184

3,183

3,180

3,005

2,997

2,994

2,884

2,878

2,867

2,865

2,750

2,744

2,735

2,729

2,671

2,661

2,155

2,152

2,101

2,097

2,086

2,083

2,035

2,030

Net Cash and Cash Equivalents (Used in) Provided by Financing Activities

4,636

10,084

995

12,431

2,950

5,132

-5,335

18,569

6,016

3,344

7,195

7,225

8,767

10,159

3,454

4,990

-2,782

305

3,543

-4,733

-2,450

-2,815

-3,264

-1,548

-3,353

-3,213

8,373

-3,559

-4,920

39,756

-2,473

2,330

-1,469

-1,863

Net (Decrease) Increase in Cash and Cash Equivalents

-313

839

-1,747

735

-152

402

-4,656

5,580

-261

1,391

406

15

-397

809

-1,455

-879

721

-131

849

-8,967

-4,682

-3,096

16,783

-5,960

-1,528

-4,074

8,984

769

26

2,359

8

180

-376

248

Non-Cash Investing and Financing Activities:
Non-Cash Contributed Utility Plant

42

1,140

2,479

816

454

398

392

71

126

2,152

349

487

127

431

316

350

608

8

362

356

165

247

363

92

14

332

371

434

206

78

-

-

-

-

Supplemental Disclosures of Cash Flow Information:
Cash Paid for:
Interest

3,399

3,087

3,074

2,571

2,844

2,506

2,776

1,844

2,441

1,384

2,268

1,202

2,337

871

2,455

950

2,425

931

2,415

937

2,344

969

2,447

1,008

2,369

749

3,365

1,317

2,799

1,007

1,654

1,059

1,653

1,066

State and Federal Income Taxes

170

130

75

50

200

120

180

30

172

190

150

40

125

130

100

77

230

130

0

0

1,060

75

1,050

1,050

50

1,450

1,824

1,631

854

1,852

1,602

1,320

1,200

1,225