CONNECTICUT WATER SERVICE INC / CT CTWS Income Statement

Connecticut water service inc / ct (CTWS)

Income statement / Quarterly

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Operating Revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,943	28,444	26,624	20,030	20,747	27,554	25,459	20,260	21,575	27,632	22,545	19,729	19,489	24,461	21,348	18,540	15,426	20,628	17,359	15,989	21,006	15,901
Operating Expenses
Operation and Maintenance
12,803	12,922	13,850	12,416	12,720	13,020	12,799	11,912	11,416	11,003	11,531	11,495	8,840	11,289	13,364	12,185	11,179	11,324	12,404	10,871	10,503	10,667	12,730	11,099	10,357	10,378	10,342	10,273	10,076	9,635	8,201	8,624	7,827	8,010	8,564	8,001
Depreciation
4,895	4,817	5,022	4,605	4,360	4,705	4,725	4,283	3,984	3,692	3,699	3,449	3,359	3,398	3,346	3,228	3,161	3,136	3,191	2,947	2,838	2,808	2,804	2,684	2,600	2,704	2,616	2,387	2,392	2,387	2,049	1,940	1,912	1,872	1,771	1,734
Income Taxes
299	212	-1,302	-1,326	627	-7	-1,414	235	-624	-190	369	1,219	589	393	-1,613	1,283	453	-941	-800	2,062	1,840	494	638	1,659	2,519	1,128	1,178	2,098	2,167	979	507	3,574	1,783	1,102	2,527	1,120
Taxes Other Than Income Taxes
2,851	3,092	3,189	3,210	2,618	2,857	3,037	2,822	2,477	2,605	2,574	2,535	2,238	2,449	2,572	2,294	2,082	2,346	2,474	2,169	2,001	2,387	2,083	2,135	1,810	2,160	2,024	1,985	1,702	1,988	1,668	1,661	1,467	1,645	1,620	1,505
Organizational Review Charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	820	-
Total Operating Expenses
20,848	21,043	20,759	18,905	20,325	20,575	19,147	19,252	17,253	17,110	18,173	18,698	15,026	17,529	17,669	18,990	16,875	15,865	17,269	18,049	17,182	16,356	18,255	17,577	17,286	16,370	16,160	16,743	16,337	14,989	12,425	15,799	12,989	12,629	15,302	12,360
Net Operating Revenues
30,664	26,246	-54,925	36,269	29,904	24,853	-47,870	31,797	27,902	22,463	-47,843	29,477	26,055	21,552	3,274	9,454	9,749	4,165	3,478	9,505	8,277	3,904	3,320	10,055	5,259	3,359	3,329	7,718	5,011	3,551	3,001	4,829	4,370	3,360	5,704	3,541
Net Regulated Operating Revenue
9,816	5,203	-	17,364	9,579	4,278	-	12,545	10,649	5,353	-	10,779	11,029	4,023	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Utility Income, Net of Taxes
283	199	363	200	248	267	205	264	190	165	241	160	188	155	182	255	205	155	269	177	202	185	277	194	179	206	205	243	188	176	234	225	210	178	206	173
Total Utility Operating Income
10,099	5,402	5,243	17,564	9,827	4,545	5,950	12,809	10,839	5,518	3,651	10,939	11,217	4,178	3,456	9,709	9,954	4,320	3,747	9,682	8,479	4,089	3,597	10,249	5,438	3,565	3,534	7,961	5,199	3,727	3,235	5,054	4,580	3,538	5,910	3,714
Gain (Loss) on Disposition of Oil and Gas and Timber Property
11	12	3	626	0	0	0	0	0	33	-56	2	0	0	-	351	-	-	-	4	-	-	-	-7	-	-	-	-31	982	-	-	114	0	-	-7	-
Other Income (Deductions), Net of Taxes
Non-Water Sales Earnings
404	486	510	469	432	396	325	252	332	258	237	181	406	395	354	296	375	369	262	378	398	433	340	381	376	386	412	329	333	350	293	296	219	193	190	200
Allowance for Funds Used During Construction
203	156	161	146	105	53	106	101	231	336	347	330	289	232	203	129	108	90	101	150	169	98	157	79	76	54	44	59	79	56	70	48	39	31	82	20
Business Combination, Acquisition Related Costs
2,171	925	3,053	2,114	2,391	3,261	126	11	125	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
553	313	-321	-303	-472	-346	-1,839	-23	-829	-112	-1,292	-136	-283	-32	-49	-54	-104	-7	-106	-165	51	18	-543	423	-111	-61	-216	-156	-298	-143	-379	-328	43	-134	-41	-152
Total Other Income, Net of Taxes
-1,000	42	-2,700	-1,176	-2,326	-3,158	-1,546	319	391	-385	-1,066	377	412	595	506	722	379	452	303	367	618	549	-46	876	341	379	240	201	1,096	263	46	130	301	90	224	68
Interest and Debt Expense
Interest on Long-Term Debt
2,642	2,632	2,612	2,607	2,606	2,562	2,657	2,230	2,106	2,061	2,084	2,064	1,830	1,736	1,796	1,754	1,763	1,774	1,738	1,766	1,768	1,751	1,795	1,827	1,791	1,787	1,840	1,925	1,927	1,920	1,170	1,142	1,141	1,149	1,151	1,162
Other Interest Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-157	-543	216	172	110	77	181	201	164	105	226	193
Interest Income (Expense), Net
-605	-507	-	-69	-115	-1	-	-150	111	260	-	315	174	142	-	105	132	132	-	168	164	158	-	142	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Debt Expense
66	67	49	49	51	51	45	32	35	34	31	32	30	31	27	27	27	27	0	3	3	59	-77	-2	-165	87	125	91	95	83	102	107	106	106	106	115
Total Interest and Debt Expense
3,313	3,206	3,013	2,725	2,772	2,614	2,564	2,412	2,030	1,835	1,824	1,781	1,686	1,625	1,734	1,676	1,658	1,669	1,655	1,601	1,607	1,652	1,647	1,683	1,469	1,331	2,181	2,188	2,132	2,080	1,453	1,450	1,411	1,360	1,483	1,470
Net Income (Loss) Attributable to Parent
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	4,651	2,312
Preferred Stock Dividend Requirement
0	0	0	0	1	9	9	10	10	9	9	10	10	9	9	10	10	9	9	10	10	9	9	10	10	9	9	10	10	9	9	10	10	9	10	10
Net Income Applicable to Common Stock
5,786	2,238	-470	13,663	4,728	-1,236	1,843	10,706	8,408	4,059	752	9,525	9,933	3,139	2,219	8,745	8,665	3,094	2,386	8,438	7,480	2,977	1,895	9,432	4,300	2,604	1,584	5,964	4,153	1,901	1,819	3,724	3,460	2,259	4,641	2,302
Weighted Average Common Shares Outstanding:
Basic (in shares)
11,969	11,961	11,958	11,951	11,883	11,861	11,860	11,816	11,343	11,139	11,025	11,014	11,004	10,992	10,979	10,970	10,957	10,924	10,914	10,901	10,886	10,868	10,851	10,834	10,818	10,803	9,045	8,689	8,667	8,650	8,638	8,621	8,600	8,579	8,542	8,522
Diluted (in shares)
12,064	12,059	12,051	12,045	12,082	12,080	12,073	12,041	11,568	11,364	11,244	11,233	11,222	11,211	11,184	11,170	11,156	11,144	11,116	11,101	11,085	11,061	11,023	11,006	10,988	10,965	9,184	8,829	8,805	8,781	8,747	8,728	8,710	8,694	8,645	8,624
Earnings Per Common Share:
Basic (in dollars per share)
0.48	0.19	-0.04	1.15	0.39	-0.10	0.14	0.92	0.75	0.36	0.07	0.86	0.90	0.29	0.20	0.80	0.79	0.28	0.21	0.78	0.69	0.27	0.17	0.87	0.40	0.24	0.16	0.69	0.48	0.22	0.21	0.43	0.41	0.26	0.54	0.28
Diluted (in dollars per share)
0.48	0.19	-0.04	1.13	0.39	-0.10	0.14	0.90	0.73	0.36	0.07	0.84	0.89	0.28	0.20	0.79	0.77	0.28	0.22	0.76	0.67	0.27	0.17	0.86	0.39	0.24	0.17	0.67	0.47	0.22	0.21	0.42	0.40	0.26	0.54	0.27
Dividends Per Common Share (in dollars per share)
0.32	0.31	-	0.31	0.31	0.29	-	0.29	0.29	0.28	-	0.28	0.28	0.26	-	0.26	0.25	0.25	-	0.25	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