Essential utilities, inc. (WTR)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating revenues

889,692

838,091

809,525

819,875

814,204

779,903

761,893

750,685

687,291

660,186

633,292

626,972

Operating expenses:
Operations and maintenance

333,102

308,478

282,253

297,184

309,310

288,556

283,561

270,042

256,743

250,989

254,335

262,122

Depreciation

158,179

146,032

136,302

130,987

125,290

123,054

118,414

110,927

103,412

100,606

99,424

88,785

Amortization

-1,703

641

422

2,021

3,447

3,481

5,571

5,253

4,888

11,110

11,687

5,515

Taxes other than income taxes

59,955

59,762

56,628

56,385

55,057

50,453

52,685

46,857

41,449

40,147

39,566

44,749

Total operating expenses

549,533

514,913

475,605

486,577

493,104

465,544

460,231

433,079

406,492

402,852

405,012

401,171

Operating income

340,159

323,178

333,920

333,298

321,100

314,359

301,662

317,606

280,799

257,334

228,280

225,801

Other expense (income):
Interest expense

125,383

99,054

88,543

80,594

76,536

76,397

77,316

77,757

77,804

73,393

66,343

68,572

Interest income

25,406

152

202

-

-

-

-

-

-

-

-

-

Allowance for funds used during construction

16,172

13,023

15,211

8,815

6,219

5,134

2,275

4,142

7,150

4,831

2,623

3,674

Change in fair value of interest rate swap agreements

-23,742

-59,779

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-18,528

-

-

-

678

-

-

-

-

-

-

-

Gain on sale of other assets

923

714

484

378

468

-4

148

1,090

649

2,547

464

1,599

Equity loss (earnings) in joint venture

-2,210

-2,081

-331

-976

35,177

3,989

2,665

-1,976

-

-

-

-

Other

-5,691

-1,996

-4,953

-7,713

-

-

-

-

-

-

-

-

Income before income taxes

211,526

178,319

256,652

255,160

216,752

239,103

224,104

247,057

210,794

191,319

165,024

162,502

Provision for income tax benefit

-13,017

-13,669

16,914

20,978

14,962

25,219

21,233

65,220

69,111

74,940

64,874

64,584

Income from continuing operations

-

-

-

-

201,790

213,884

202,871

181,837

141,683

116,379

100,150

-

Discontinued operations:
Income from discontinued operations before income taxes

-

-

-

-

-

32,155

28,311

24,404

14,279

12,750

7,171

-

Provision for income taxes

-

-

-

-

-

12,800

9,882

9,678

12,893

5,154

2,968

-

Income from discontinued operations

-

-

-

-

-

19,355

18,429

14,726

1,386

7,596

4,203

-

Net income

224,543

191,988

239,738

234,182

201,790

233,239

221,300

196,563

143,069

123,975

104,353

97,918

Income from continuing operations per share:
Net income attributable to common shareholders

224,543

191,988

239,738

234,182

201,790

-

-

-

-

-

104,353

97,918

Unrealized holding (loss) gain on investments

-

-

-

-

-

-

-

-

-

-

289

195

Reclassification adjustment for (gains) losses reported in net income

-

-

-

-

-

-

-

-

-

-

5

209

Other comprehensive income, net of tax

-

-

-

-

-

-

-

-

-

-

-

-14

Comprehensive income

-

-

-

-

-

-

-

-

-

-

104,647

97,904

Basic

-

-

-

-

1.14

1.21

1.15

1.04

0.82

0.85

0.74

-

Diluted

-

-

-

-

1.14

1.20

1.15

1.04

0.82

0.85

0.74

-

Income from discontinued operations per share:
Basic

-

-

-

-

-

0.11

0.10

0.08

0.01

0.06

0.03

-

Diluted

-

-

-

-

-

0.11

0.10

0.08

0.01

0.06

0.03

-

Net income per common share:
Basic

1.04

1.08

1.35

1.32

1.14

1.32

1.26

1.13

0.83

0.91

0.77

0.73

Diluted

1.04

1.08

1.35

1.32

1.14

1.31

1.25

1.12

0.83

0.90

0.77

0.73

Average common shares outstanding during the period:
Basic

215,550

177,904

177,612

177,273

176,788

176,864

176,140

174,201

172,727

136,948

135,816

134,302

Diluted

215,931

178,399

178,175

177,846

177,517

177,763

176,814

174,918

173,361

137,296

136,129

134,705

Cash dividends declared per common share

-

-

-

-

0.68

0.63

0.58

0.53

0.50

0.59

0.55

0.51