ESSENTIAL UTILITIES, INC. WTR Cash Flow

Essential utilities, inc. (WTR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
51,781	64,227	88,489	54,903	16,924	-3,657	78,216	66,590	50,839	53,473	76,225	60,968	49,072	49,649	73,170	59,626	51,737	28,434	67,429	57,382	48,545	66,815	67,996	55,569	42,859	57,532	63,617	53,586	46,565	66,555	50,659	41,445	37,904	34,005	41,123	37,590	30,351	28,858	43,751	29,855	21,511
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,861	285	751	458	11,278	868	582	5,701	3,671	375	-335	11,015	2,499	-1,813	995	-295	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,954	67,711	54,818	42,401	46,254	62,749	53,004	40,864	62,884	50,284	41,780	26,889	31,506	42,936	36,595	30,646	-	-	-	-
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization
46,245	40,503	39,933	36,630	39,410	36,158	37,656	36,762	36,097	34,858	34,306	33,534	34,026	33,996	34,270	32,147	32,595	32,618	32,797	31,973	31,349	32,161	30,288	31,972	32,114	31,719	31,165	30,679	30,422	29,671	29,571	29,071	27,867	26,614	25,599	28,174	27,913	24,837	27,391	30,116	29,372
Deferred income taxes
-18,701	-77	1,525	-3,032	-8,852	-15,031	4,683	-1,753	-2,849	4,006	3,475	3,618	2,681	1,905	10,294	3,615	1,436	2,651	8,463	2,704	2,688	16,422	7,210	4,153	3,692	6,847	2,171	6,492	11,189	17,719	20,565	32,106	6,827	14,634	25,141	12,167	20,168	35,606	30,128	2,704	1,791
Provision for doubtful accounts
2,204	1,684	1,495	1,324	803	1,660	1,432	1,317	896	1,510	1,424	941	1,111	1,972	1,432	1,284	817	2,072	1,460	1,297	936	1,190	1,507	1,633	1,508	1,371	1,321	1,091	925	1,713	1,321	1,010	741	1,472	1,240	1,213	929	681	1,242	1,118	1,115
Stock-based compensation
1,688	1,537	1,773	2,128	1,930	2,236	1,899	1,988	1,444	1,963	1,569	1,498	1,312	1,748	1,442	1,394	806	1,132	1,046	2,341	1,341	1,674	1,607	2,207	1,331	1,023	1,349	1,679	1,015	1,530	1,172	1,637	1,211	1,066	1,115	724	947	856	856	1,213	946
Gain on sale of other assets
105	480	175	48	220	116	261	141	196	162	43	10	269	-12	62	121	207	130	170	-1	169	129	75	140	-348	27	138	-109	92	264	320	64	442	174	216	138	121	253	255	110	1,929
(Gain) loss on sale of utility system and market-based business unit
-	-	-	-	-	-	-	-	-	-450	0	-46	-278	-1,080	42	567	1,215	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,112	-371	1,865	2,452	-	-	-	0
Interest rate swap agreements
-	-	0	11,040	-34,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in receivables, inventory and prepayments
-22,921	-7,322	5,985	7,935	-2,263	-34	6,948	16,512	-5,402	-7,092	6,133	13,146	-5,729	-11,261	11,105	9,810	-5,680	-12,157	1,247	17,621	-191	6,371	2,841	14,731	-3,644	-5,788	-3,239	10,053	-5,492	-13,317	7,965	16,574	-6,285	-8,697	-4,400	17,740	-779	-15,889	12,240	11,644	-3,250
Net change in payables, accrued interest, accrued taxes and other accrued liabilities
-7,531	-8,216	13,982	2,744	-3,402	-3,763	10,495	-5,169	-996	-4,468	14,674	-6,450	-4,519	4,997	2,454	-7,575	4,880	-19,919	14,131	-9,141	11,460	-15,771	11,501	-8,529	13,269	-15,196	12,612	-11,355	514	-13,081	21,675	-6,965	11,186	-76	-785	4,169	-2,887	-1,693	-10,038	-17,570	10,886
Pension and other postretirement benefits contributions
-36	-18	-1,984	-2,648	-3,947	-1,645	-3,879	-3,475	-5,217	-819	0	-7,710	-7,711	-1,360	-1,358	-4,073	-2,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
2,945	-4,406	-1,448	-218	404	-2,138	2,249	-1,724	-2,934	-1,354	697	-2,769	507	-2,269	-481	-6,900	-1,023	-11,082	-1,455	1,938	6,321	679	-4,027	7,217	7,833	949	-5,082	1,091	1,704	-2,197	-3,669	2,069	4,249	628	-4,322	3,285	3,617	-436	-470	373	2,860
Net cash flows from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,976	82,820	94,838	-	125,364	66,998	90,020	89,313	120,935	64,166	90,474	87,704	119,550	69,530	88,625	99,604	119,972	79,932	76,315	115,599	104,123	60,014	72,305	-	-	-	-
Operating cash flows used in discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	-560	-37	-545	517	641	891	361	2,589	900	-12,523	1,618	4,145	7,036	1,839	1,786	-	-	-	-
Net cash flows from operating activities
95,521	110,494	140,486	8,256	79,287	77,793	121,044	81,331	88,354	99,257	124,800	76,058	81,203	-	-	-	-	-	-	-	-	89,355	120,375	64,129	89,929	88,221	120,191	70,421	88,986	102,193	120,872	67,409	77,933	119,744	111,159	61,853	74,091	74,464	89,237	35,309	64,082
Cash flows from investing activities:
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $873 and $1,030
118,734	148,715	132,387	135,379	133,792	152,518	126,605	111,478	105,136	140,358	129,259	113,910	94,562	112,977	101,432	95,603	72,984	107,211	107,194	80,000	70,284	107,866	88,773	72,147	59,819	92,501	80,685	75,637	59,085	84,266	93,529	89,694	79,609	103,454	81,078	81,633	59,643	76,592	90,775	73,593	67,174
Acquisitions of utility systems, net
3,446,056	59,068	100	50	469	45,667	99,836	0	190	0	95	5,545	220	3,797	0	1,165	4,461	2,662	408	25,131	788	2,939	7,210	422	4,045	593	3,683	47	10,674	5,198	12,052	102,701	1,297	-	-	-	-	6,677	327	1,416	205
Release of funds previously restricted for construction activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15	0	32	-	0	0	0	11,579	11,558	0	394	12,082	19,520	35,890	6	11,686	33,850	64	730	51,349	37,419	3,258	958
Additions to funds restricted for construction activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	3	2	79	6	787	1,293	14	16	48	71	144,106	31	40	980
Net proceeds from the sale of other assets
160	532	179	1,940	242	112	206	224	174	198	42	463	639	1,201	106	3,586	2,853	135	223	58	232	172	78	175	133	2,128	3,074	18	95	53	-961	2,494	2,233	776	1,130	8,261	3,237	1,064	244	266	3,031
Proceeds from note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,289	1,758	1,375	205	375
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,900	0	4,900	4,900	14,700	9,548	4,708	4,900	-	-	-	-	-	-	-	-
Other
-28	-168	-1,313	-521	-462	-348	-703	77	75	-775	-1,592	-27	171	-1,496	-13	5	40	52	-269	116	1,180	234	-543	-61	91	-515	96	110	233	-189	609	458	634	315	248	189	194	661	805	4,889	-51
Net cash flows used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101,313	-93,187	-74,632	-	-107,095	-105,189	-71,988	-110,867	-95,362	-72,333	-63,822	-83,772	-69,833	-80,679	-74,405	-91,919	-97,185	-159,964	-85,494	-97,989	-46,763	-80,078	-50,652	-	-	-	-
Investing cash flows from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,960	-79	-37	39	36,705	-703	-188	51,312	-4,122	1,630	38,315	34,064	-2,786	-5,068	-871	-697	-	-	-	-
Net cash flows used in investing activities
-3,564,602	-207,083	-130,995	-132,968	-133,557	-197,725	-225,532	-111,331	-105,227	-139,385	-127,720	-118,965	-94,314	-	-	-	-	-	-	-	-	-60,907	-95,441	-72,370	-63,783	-47,067	-70,536	-80,867	-23,093	-96,041	-95,555	-121,649	-51,430	-100,775	-51,831	-80,949	-51,349	-184,432	-58,867	-76,209	-63,944
Cash flows from financing activities:
Customers' advances and contributions in aid of construction
1,462	400	2,778	4,056	1,858	1,427	1,963	2,326	1,742	1,664	2,019	2,044	1,585	1,257	2,801	1,932	1,273	1,618	1,414	1,679	1,193	1,554	1,328	2,040	1,142	1,591	1,364	1,365	794	1,079	2,032	1,091	2,619	971	295	1,650	642	996	1,329	1,357	2,886
Repayments of customers' advances
1,065	4,580	757	723	765	3,454	945	804	1,014	3,017	1,745	1,263	511	1,881	600	933	349	1,645	637	655	1,040	1,921	813	1,060	234	2,365	1,010	351	577	2,118	2,412	593	835	2,109	306	288	983	2,346	381	528	4,290
Net proceeds of short-term debt
-	-	-	-	-	-	-	-	16,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds of short-term debt
174,281	-	-	-	17,114	-	-	-	-	-17,340	-46,466	39,724	21,197	-41,455	21,751	-1,802	11,320	-11,309	-8,276	3,244	14,664	11,401	-33,365	12,449	-8,827	-73,046	-2,301	14,251	17,453	-17,267	37,958	-52,722	4,643	4,793	-15,906	26,890	2,326	20,196	18,095	-13,035	36,981
Proceeds from long-term debt
801,184	124,445	174,061	1,018,005	117,995	928,955	184,876	151,041	66,996	149,730	218,514	104,901	117,879	269,298	64,991	72,983	96,314	247,104	74,983	185,828	52,629	96,641	104,984	42,882	73,192	75,513	16,252	137,059	35,010	120,943	11,090	139,964	28,112	-	-	-	-	158,441	12,984	69,995	31,334
Repayments of long-term debt
11,509	159,520	63,309	783,666	41,976	762,554	110,570	19,103	21,898	65,798	147,771	55,833	89,666	191,728	68,709	32,309	80,341	196,556	45,027	129,024	29,800	124,797	57,485	39,036	31,874	42,028	31,381	148,923	77,991	92,938	64,159	16,874	28,232	49,595	23,155	21,651	1,671	63,418	46,435	2,016	48,881
Change in cash overdraft position
-10,943	5,875	-17,225	17,199	-3,856	-4,017	-2,599	2,882	-8,944	10,944	10,684	-10,213	-2,403	4,510	2,752	1,912	-17,250	14,179	1,129	5,384	-21,431	16,561	2,245	2,625	-21,753	21,753	-10,551	10,551	-11,881	3,179	6,267	-2,824	-17,551	18,625	-4,336	8,006	-7,792	3,197	-864	53	-9,362
Issuance of common stock under dividend reinvestment plan
4,062	-	399	385	4,035	-	381	359	361	-	369	355	360	359	359	338	332	333	344	0	0	-	-	-	-	-188	3,662	3,389	3,427	3,458	3,303	3,229	3,200	3,206	3,013	3,187	3,201	3,242	3,100	3,113	3,075
Issuance of common stock from private placement
730,135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercised stock options
950	163	189	371	1,175	257	183	9	1,010	270	276	791	1,536	424	267	753	2,816	3,022	1,066	600	2,852	2,426	178	1,935	2,757	757	4,279	12,761	7,901	1,865	4,860	5,868	2,005	768	268	660	4,907	1,789	2,478	323	1,088
Share-based compensation windfall tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	69	65	219	979	373	149	90	1,230	187	18	253	964	2,420	0	0	0	-	194	341	68	-	-	-	298	84	185	7	110
Repurchase of common stock
4,339	0	8	2	1,857	63	1	0	2,491	51	23	40	2,053	123	46	32	2,827	4,979	12,311	4,203	3,754	1,783	11,624	376	1,973	8	1,105	10,092	1,618	0	332	449	683	162	3	264	734	26	217	183	344
Dividends paid on common stock
52,205	51,691	50,558	47,249	39,014	38,970	38,964	36,416	36,386	36,374	36,366	33,975	33,945	33,929	33,923	31,558	31,513	31,406	31,446	29,220	29,176	29,153	29,166	26,914	26,873	26,861	26,836	24,630	24,562	24,491	23,060	22,957	22,915	22,867	21,453	21,425	21,388	21,323	19,906	19,860	19,818
Other
-6	-13	-939	-212	-13	-108	-209	-206	-197	-204	-243	-198	-206	-202	-582	-194	-208	-198	-201	-191	-263	-213	-218	-181	-181	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,874	11,309	-19,454	-	-18,813	33,532	-12,896	-29,097	-23,918	-5,383	-13,660	-42,462	-47,627	-4,620	-52,044	-6,893	-24,259	54,074	-29,569	-18,831	-58,902	18,760	-21,194	-	-	-	-
Financing cash flows used in discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-56	-31	-26	-36	-27	93	-15	-17	140	17	10	65	78	645	-6	-223	-	-	-	-
Net cash flows from financing activities
1,632,007	-65,057	47,001	2,094,735	54,696	119,295	55,804	79,746	15,871	40,193	-752	46,293	13,773	-	-	-	-	-	-	-	-	-29,153	-23,949	-5,409	-13,696	-42,489	-47,534	-4,635	-52,061	-6,753	-24,242	54,084	-29,504	-18,753	-58,257	18,754	-21,417	102,348	-29,928	39,226	-7,221
Net change in cash and cash equivalents
-1,837,074	-161,646	56,492	1,970,023	426	-637	-48,684	49,746	-1,002	65	-3,672	3,386	662	51	-1,211	942	752	-842	-544	-4,659	5,136	-705	985	-13,650	12,450	-1,335	2,121	-15,081	13,832	-601	1,075	-156	-3,001	216	1,071	-342	1,325	-7,620	442	-1,674	-7,083
Non-cash investing activities:
Property, plant and equipment additions purchased at the period end, but not yet paid for
55,881	19,569	-3,750	2,215	42,594	23,040	16,235	2,381	23,629	10,240	2,375	5,686	27,084	11,597	2,685	1,811	19,052	888	-2,827	7,393	20,158	2,117	8,577	1,806	18,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash customer advances and contributions in aid of construction
8,637	-	3,106	4,196	17,331	-	4,448	5,489	4,979	-	20,127	7,206	4,282	-	8,866	5,774	5,425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-