Middlesex water company (MSEX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'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'11Sep'10Jun'10
Operating Revenues

31,769

32,738

37,769

33,393

30,698

33,268

38,713

34,919

31,177

31,456

36,174

33,014

30,131

31,808

37,794

32,725

30,579

30,925

34,654

31,666

28,780

28,107

32,669

29,190

27,173

27,421

31,285

29,102

27,038

27,079

32,353

27,401

23,546

23,300

28,671

26,102

23,996

29,585

26,538

Operating Expenses:
Operations and Maintenance

17,192

17,410

17,669

16,781

16,120

18,797

18,114

16,825

17,834

16,312

16,383

16,856

15,939

17,648

16,599

15,789

15,828

16,079

16,772

16,229

16,087

14,173

14,956

14,563

15,437

15,050

15,120

15,148

15,430

15,718

15,600

14,765

14,375

13,874

14,667

14,062

14,031

14,036

13,576

Depreciation

4,448

4,301

4,246

4,123

4,046

3,900

3,792

3,736

3,609

3,642

3,587

3,385

3,308

3,236

3,243

3,180

3,137

3,090

3,032

2,982

2,947

2,912

2,880

2,837

2,815

2,782

2,772

2,725

2,709

2,650

2,629

2,582

2,548

2,496

2,421

2,417

2,412

2,387

2,236

Other Taxes

3,602

3,468

3,871

3,539

3,504

3,418

3,889

3,637

3,384

3,238

3,603

3,415

3,309

3,408

3,796

3,428

3,312

3,296

3,390

3,220

3,061

2,964

3,213

3,043

2,954

2,925

3,123

3,058

3,034

2,994

3,281

2,844

2,746

2,751

3,067

2,885

2,785

3,141

2,832

Total Operating Expenses

25,242

25,179

25,786

24,443

23,670

26,115

25,795

24,198

24,827

23,192

23,573

23,656

22,556

24,292

23,638

22,397

22,277

22,465

23,194

22,431

22,095

20,049

21,049

20,443

21,206

20,757

21,015

20,931

21,173

21,362

21,510

20,191

19,669

19,121

20,155

19,364

19,228

19,564

18,644

Operating Income

6,527

7,559

11,983

8,950

7,028

7,153

12,918

10,721

6,350

8,264

12,601

9,358

7,575

7,516

14,156

10,328

8,302

8,460

11,460

9,235

6,685

8,058

11,620

8,747

5,967

6,664

10,270

8,171

5,865

5,717

10,843

7,210

3,877

4,179

8,516

6,738

4,768

10,021

7,894

Other Income (Expense):
Allowance for Funds Used During Construction

1,123

1,117

871

643

515

557

424

214

167

229

174

180

119

232

207

119

61

82

113

103

82

104

80

66

67

83

104

89

38

101

110

137

136

195

235

197

194

143

348

Other Income (Expense), net

385

-513

-4

-80

-57

353

409

571

297

231

248

230

206

-1,624

400

25

48

18

108

43

39

130

5

135

11

59

27

0

97

94

106

125

192

405

759

202

157

172

189

Other Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

18

-

-

18

66

-

-

155

20

384

1

11

10

-11

4

11

140

15

20

111

49

129

-33

Total Other Income, net

1,508

604

867

563

458

910

833

785

464

460

422

410

325

-1,367

607

137

91

-111

221

128

55

-592

85

46

58

-242

130

78

125

206

212

251

188

585

974

288

302

186

504

Interest Charges

1,669

2,280

1,996

1,788

1,200

1,829

1,723

2,068

1,138

1,541

1,493

1,469

1,003

1,452

1,427

1,436

978

1,495

1,505

1,496

1,058

1,473

1,516

1,515

1,103

1,573

1,541

1,538

1,155

1,784

1,808

1,779

1,354

1,745

1,703

1,714

1,214

1,819

1,882

Income before Income Taxes

6,366

5,883

10,854

7,725

6,286

6,234

12,028

9,438

5,676

7,183

11,530

8,299

6,897

4,697

13,336

9,029

7,415

6,854

10,176

7,867

5,682

5,993

10,189

7,278

4,922

4,849

8,859

6,711

4,835

4,139

9,247

5,682

2,711

3,019

7,787

5,312

3,856

8,388

6,516

Income Taxes

-1,302

-2,188

-265

-421

-266

-759

-262

763

1,182

1,838

3,888

2,918

2,456

1,477

4,523

3,110

2,625

2,294

3,433

2,778

2,046

2,203

3,431

2,550

1,753

1,681

3,052

2,230

1,658

1,413

3,109

1,957

904

970

2,644

1,687

1,226

2,652

2,092

Net Income

7,668

8,071

11,119

8,146

6,552

6,993

12,290

8,675

4,494

5,345

7,642

5,381

4,441

3,220

8,813

5,919

4,790

4,560

6,743

5,089

3,636

3,790

6,758

4,728

3,169

3,168

5,807

4,481

3,177

2,726

6,138

3,725

1,807

2,049

5,143

3,625

2,630

5,736

4,424

Preferred Stock Dividend Requirements

30

30

30

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

43

43

44

51

52

51

52

51

52

51

52

51

52

52

52

Earnings Applicable to Common Stock

7,638

8,041

11,089

8,110

6,516

6,957

12,254

8,639

4,458

5,309

7,606

5,345

4,405

3,184

8,777

5,883

4,754

4,524

6,707

5,053

3,600

3,754

6,722

4,692

3,126

3,125

5,763

4,430

3,125

2,675

6,086

3,674

1,755

1,998

5,091

3,574

2,578

5,684

4,372

Earnings per share of Common Stock:
Basic

0.44

0.46

0.67

0.49

0.40

0.42

0.75

0.53

0.27

0.32

0.47

0.33

0.27

0.20

0.54

0.36

0.29

0.29

0.41

0.31

0.22

0.23

0.42

0.29

0.20

0.20

0.36

0.28

0.20

0.17

0.39

0.23

0.11

0.12

0.33

0.23

0.17

0.37

0.31

Diluted

0.44

0.47

0.66

0.49

0.39

0.43

0.74

0.52

0.27

0.32

0.46

0.33

0.27

0.19

0.54

0.36

0.29

0.28

0.41

0.31

0.22

0.22

0.42

0.29

0.20

0.19

0.36

0.28

0.20

0.18

0.38

0.23

0.11

0.12

0.32

0.23

0.17

0.36

0.31

Average Number of Common Shares Outstanding:
Basic

17,437

17,183

16,610

16,519

16,428

16,400

16,394

16,388

16,354

16,349

16,340

16,332

16,299

32,508

16,284

16,271

16

32,332

16,202

16,149

16

16,119

16,097

16,018

15,974

15,955

15,882

15,829

15,806

15,783

15,741

15,716

15,692

31,224

15,622

15,598

15

15,518

13

Diluted

17,552

17,300

16,757

16,675

16,584

16,556

16,550

16,544

16,510

16,505

16,496

16,488

16,455

32,820

16,440

16,427

16

32,644

16,358

16,305

16

16,274

16,253

16,199

16,178

16,162

16,117

16,092

16,069

16,042

16,004

15,979

15,955

31,746

15,885

15,861

15

15,781

14

Cash Dividends Paid per Common Share

-

-

-

0.24

-

-

-

0.22

0.22

-

0.21

0.21

0.21

0.21

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.19

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18