Connecticut water service inc / ct (CTWS)
CashFlow / TTM
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

21,217

20,160

16,695

19,017

16,070

19,759

25,054

23,963

22,782

24,307

23,387

24,854

24,074

22,806

22,761

22,928

22,621

21,436

21,319

20,828

21,822

18,642

18,269

17,958

14,490

14,343

13,640

13,875

11,635

10,942

11,300

0

0

0

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

4,529

4,469

3,701

537

3,959

3,535

3,945

3,488

1,647

1,066

893

637

1,667

1,933

1,344

2,565

3,132

3,165

3,461

4,767

5,851

3,166

3,059

2,523

-239

-239

-239

-239

-239

-239

-239

0

0

0

Provision for Deferred Income Taxes and Investment Tax Credits, Net

3,404

3,374

3,157

-2,867

-5,288

-3,791

-3,387

-112

-208

-1,712

-2,950

-586

-964

5,426

7,502

5,351

2,896

-4,286

-5,878

-8,708

-6,334

-6,108

-7,386

-5,993

-3,664

-130

826

1,358

-71

-2,226

-2,164

0

0

0

Allowance for Funds Used During Construction

666

568

465

410

366

491

774

1,015

1,243

1,302

1,198

1,054

853

672

530

428

449

510

518

574

503

410

366

254

235

237

239

265

252

213

188

0

0

0

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

21,332

21,183

20,881

19,651

19,199

18,434

17,459

14,775

13,872

13,495

13,173

13,733

13,542

13,183

12,898

13,380

12,995

12,714

12,457

11,891

11,717

11,239

11,140

11,391

11,075

11,032

10,446

10,174

9,759

9,347

9,006

0

0

0

Gain (Loss) on Sale of Properties

652

641

629

626

0

0

33

-23

-21

-21

-54

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,694

1,393

734

2,637

113

514

1,053

381

1,037

1,441

1,925

877

-211

-924

-984

604

131

329

291

-525

316

307

1,205

843

921

856

1,333

1,230

581

-589

-1,566

0

0

0

Increase in Prepayments and Other Current Assets

1,938

4,014

2,880

674

2,739

2,452

1,278

1,430

-1,122

-1,806

-338

-2,841

-3,060

-5,561

-6,540

-1,042

1,040

5,071

5,012

-7,224

5,994

4,354

4,321

16,021

403

-741

24

389

42

553

-40

0

0

0

(Increase) Decrease in Other Non-Current Items

-2,625

-4,338

-5,156

2,512

-2,421

-1,747

-200

-1,842

-4,677

1,300

2,741

2,303

945

-10,219

-11,383

-10,828

-5,439

1,369

1,286

860

-11,123

-12,696

-11,985

-12,623

-4,471

-4,735

-5,251

-4,075

-2,527

-1,730

-2,260

0

0

0

Increase in Accounts Payable, Accrued Expenses and Other Current Liabilities

3,923

5,563

2,244

-239

-822

-4,585

-2,404

-2,073

-238

1,997

176

-2,558

-4,732

-7,500

-3,695

-1,003

603

3,394

1,169

3,162

6,219

4,265

4,514

1,112

-954

-388

166

914

747

-691

138

0

0

0

Total Adjustments

14,997

16,625

16,715

14,883

18,909

12,395

11,559

8,365

15,735

13,922

9,934

9,731

9,231

14,007

18,385

14,902

11,339

9,900

8,886

25,305

22,736

26,078

26,081

7,973

14,957

14,445

12,729

14,545

13,320

12,498

15,049

0

0

0

Net Cash and Cash Equivalents Provided by Operating Activities

36,214

36,785

33,410

33,900

34,979

32,154

36,613

32,328

38,517

38,229

33,321

34,585

33,305

36,813

41,146

37,830

33,960

31,336

30,205

46,133

44,558

44,720

44,350

25,931

29,447

28,788

26,369

28,420

24,955

23,440

26,349

0

0

0

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

66,196

64,920

57,030

54,099

49,442

49,792

53,022

56,205

62,500

65,099

66,689

65,235

62,414

53,255

48,025

44,859

42,448

45,789

45,668

41,490

37,088

34,258

33,303

30,744

28,221

27,331

25,694

25,289

26,516

24,669

23,824

0

0

0

Cash portion of The Avon Water Company Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,754

36,340

36,556

35,970

216

0

0

0

Proceeds from Sale of Land Held-for-investment

-

-

-

-

-

-

212

212

221

221

9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Acquired from Acquisition

-

-

-

-

-

-

1,791

1,791

1,336

1,336

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Company Financed Additions to Utility Plant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Advances from Others for Construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-846

0

197

197

846

-1,291

-4,384

-4,614

-5,779

-8,650

-5,557

-6,622

-5,457

0

0

0

-

-

-

-

-

-

-

-

Net Cash and Cash Equivalents Used in Investing Activities

-64,846

-63,570

-55,680

-52,749

-55,121

-55,471

-57,153

-60,336

-60,746

-63,345

-65,834

-65,218

-62,597

-53,438

-48,857

-43,326

-37,821

-40,932

-39,646

-32,833

-31,436

-27,541

-27,751

-28,768

-23,544

-19,764

-53,881

-54,062

-57,075

-59,413

-22,814

0

0

0

Financing Activities:
Proceeds from Interim Bank Loans

85,990

91,000

54,249

61,775

18,540

13,389

19,281

27,163

65,385

38,570

32,953

26,480

23,567

40,135

16,085

12,740

5,709

7,413

1,991

-631

-134

-1,041

0

-19,633

-22,477

-24,470

1,660

13,267

19,217

22,246

21,372

0

0

0

Repayment of Interim Bank Loans

54,249

54,249

19,281

21,781

21,781

21,781

35,453

32,953

32,953

32,953

16,085

16,085

16,085

16,085

1,991

1,991

1,991

1,991

0

0

0

0

1,660

1,660

1,660

1,660

21,372

21,372

21,372

21,372

26,342

0

0

0

Proceeds from the Issuance of Long-Term Debt

9,686

9,686

8,000

0

50,000

50,000

55,000

55,000

24,930

54,930

49,930

0

0

0

-

-

-

-

-

-

-

-

14,550

71,302

71,302

71,302

92,840

44,149

44,149

44,149

8,061

0

0

0

Proceeds from Issuance of Common Stock

1,259

1,308

1,410

1,448

1,434

1,445

1,404

1,422

1,450

1,524

1,610

1,634

1,635

1,595

1,536

1,536

1,564

1,644

1,697

1,715

1,718

1,655

1,629

51,575

51,195

51,140

51,101

1,339

1,379

1,368

1,346

0

0

0

Proceeds from the Exercise of Stock Options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

631

631

234

234

146

0

0

0

Costs to Issue Long-Term Debt and Common Stock

22

22

5

0

0

0

2

2

63

90

88

120

59

32

37

7

7

7

2

0

0

0

-

-

-

-

-

-

-

-

380

0

0

0

Repayment of Long-Term Debt Including Current Portion

4,000

6,243

6,170

7,823

7,994

5,538

5,195

3,030

22,855

22,818

22,772

22,765

2,554

2,577

2,476

1,567

4,264

4,221

4,114

4,123

1,394

1,648

15,870

90,172

90,074

89,800

75,430

911

745

626

410

0

0

0

Advances from Others for Construction

0

0

-

-

-

-

1,479

1,032

977

189

350

393

320

313

251

619

686

687

699

646

477

750

586

1,167

1,225

1,011

1,041

771

758

826

966

0

0

0

Repayments of Advances for Construction

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Dividends Paid

15,247

15,073

14,909

14,741

14,577

14,250

13,920

13,508

13,091

12,821

12,552

12,365

12,176

11,880

11,753

11,623

11,494

11,360

11,226

11,094

10,958

10,879

10,796

10,216

9,639

9,069

8,505

8,436

8,367

8,301

8,234

0

0

0

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

28,146

26,460

21,508

15,178

21,316

24,382

22,594

35,124

23,780

26,531

33,346

29,605

27,370

15,821

5,967

6,056

-3,667

-3,335

-6,455

-13,262

-10,077

-10,980

-11,378

259

-1,752

-3,319

39,650

28,804

34,693

38,144

-3,475

0

0

0

Net (Decrease) Increase in Cash and Cash Equivalents

-486

-325

-762

-3,671

1,174

1,065

2,054

7,116

1,551

1,415

833

-1,028

-1,922

-804

-1,744

560

-7,528

-12,931

-15,896

38

3,045

6,199

5,221

-2,578

4,151

5,705

12,138

3,162

2,573

2,171

60

0

0

0

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

4,477

4,889

4,147

2,060

1,315

987

2,741

2,698

3,114

3,115

1,394

1,361

1,224

1,705

1,282

1,328

1,334

891

1,130

1,131

867

716

801

809

1,151

1,343

1,089

0

0

0

-

-

-

-

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

12,131

11,576

10,995

10,697

9,970

9,567

8,445

7,937

7,295

7,191

6,678

6,865

6,613

6,701

6,761

6,721

6,708

6,627

6,665

6,697

6,768

6,793

6,573

7,491

7,800

8,230

8,488

6,777

6,519

5,373

5,432

0

0

0

State and Federal Income Taxes

425

455

445

550

530

502

572

542

552

505

445

395

432

537

537

437

360

1,190

1,135

2,185

3,235

2,225

3,600

4,374

4,955

5,759

6,161

5,939

5,628

5,974

5,347

0

0

0