Essential utilities, inc. (WTR)
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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Operating revenues

255,585

226,042

243,626

218,892

201,132

205,747

226,137

211,860

194,347

203,312

215,008

203,418

187,787

196,799

226,593

203,876

192,607

197,067

221,051

205,760

190,326

191,389

210,535

195,307

182,672

187,078

202,320

193,943

178,552

180,406

214,565

191,690

164,024

154,280

191,083

178,313

163,615

127,748

193,477

178,444

160,517

180,826

167,333

Operating expenses:
Operations and maintenance

106,637

85,321

82,022

86,445

79,314

92,393

68,624

73,515

73,946

78,004

66,744

69,615

67,890

69,837

79,812

73,994

73,541

77,856

78,519

79,746

73,189

74,121

72,374

70,375

71,686

73,724

71,631

70,412

67,794

70,378

71,268

63,571

64,825

59,745

66,502

66,765

63,731

45,170

68,908

69,310

67,601

68,488

68,549

Purchased gas

12,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

45,566

40,066

39,489

39,550

39,074

35,995

37,457

36,613

35,967

34,794

34,264

33,407

33,837

33,342

33,881

31,619

32,145

31,760

31,981

31,049

30,500

31,365

29,482

31,226

30,981

30,078

29,980

29,311

29,045

28,191

28,251

27,739

26,746

24,457

26,129

26,550

26,276

21,110

26,494

26,802

26,200

25,436

24,972

Amortization

679

437

444

-2,920

336

163

199

149

130

64

42

127

189

654

389

528

450

858

816

924

849

796

806

746

1,133

1,641

1,185

1,368

1,377

1,480

1,320

1,332

1,121

648

979

1,624

1,637

1,314

3,310

3,314

3,172

3,029

3,064

Taxes other than income taxes

16,436

14,917

15,201

14,868

14,969

14,402

15,564

14,829

14,967

12,238

15,234

14,419

14,737

13,291

14,712

14,242

14,140

11,978

14,663

13,795

14,621

12,510

12,815

13,026

12,102

12,801

13,384

13,102

13,398

12,157

13,191

12,016

9,493

8,876

10,771

10,751

11,051

2,902

11,442

12,943

12,860

12,418

11,884

Total operating expenses

182,088

140,741

137,156

137,943

133,693

142,953

121,844

125,106

125,010

125,100

116,284

117,568

116,653

117,124

128,794

120,383

120,276

122,452

125,979

125,514

119,159

118,792

115,477

115,373

115,902

118,244

116,180

114,193

111,614

112,206

114,030

104,658

102,185

93,726

104,381

105,690

102,695

70,496

110,154

112,369

109,833

109,371

108,469

Operating income

73,497

85,301

106,470

80,949

67,439

62,794

104,293

86,754

69,337

78,212

98,724

85,850

71,134

79,675

97,799

83,493

72,331

74,615

95,072

80,246

71,167

72,597

95,058

79,934

66,770

68,834

86,140

79,750

66,938

68,200

100,535

87,032

61,839

60,554

86,702

72,623

60,920

57,252

83,323

66,075

50,684

71,455

58,864

Other expense (income):
Interest expense

35,122

41,562

32,643

23,309

27,869

26,457

25,403

23,723

23,471

23,419

22,411

21,387

21,326

20,458

20,168

20,115

19,853

19,732

19,239

18,900

18,665

19,004

18,990

19,093

19,310

19,483

19,350

19,208

19,275

19,373

19,597

19,540

19,247

19,346

19,561

19,541

19,356

17,885

18,574

18,504

18,430

17,256

16,809

Interest income

5,035

-

9,680

-

19

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for funds used during construction

2,948

3,892

4,613

3,611

4,056

4,513

3,066

2,577

2,867

4,641

3,914

3,463

3,193

2,369

2,267

1,871

2,308

2,289

1,708

1,040

1,182

1,835

1,195

937

1,167

807

426

490

552

658

919

1,235

1,330

1,450

1,794

1,929

1,977

811

1,018

1,461

1,541

747

568

Change in fair value of interest rate swap agreements

-

0

0

11,040

-34,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-18,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

217

291

110

1,929

162

80

Equity loss (earnings) in joint venture

127

-292

-135

-1,240

-543

-573

-215

-911

-382

71

-593

161

30

167

-1,621

229

249

33,681

698

84

714

1,316

736

1,251

686

933

-78

1,154

656

-

-682

-249

-

-

-

-

-

-

-

-

-

-

-

Other

-1,679

-1,413

-1,494

-1,912

-872

-631

-325

-437

-603

-1,239

-1,238

-1,238

-1,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

44,657

63,104

86,936

52,732

8,754

-18,763

82,151

66,223

48,708

58,488

79,625

66,537

52,002

53,694

81,581

65,141

54,744

24,299

77,013

62,301

53,139

54,241

76,602

60,667

47,593

49,252

67,432

59,769

47,651

50,794

82,859

69,040

44,364

42,832

69,151

55,149

43,662

40,395

66,058

49,142

35,724

55,108

42,703

Provision for income tax benefit

-7,124

-1,123

-1,553

-2,171

-8,170

-15,106

3,935

-367

-2,131

5,015

3,400

5,569

2,930

4,045

8,411

5,515

3,007

-4,135

9,584

4,919

4,594

5,287

8,891

5,849

5,192

2,998

4,683

6,765

6,787

-12,090

32,575

27,260

17,475

13,251

24,290

18,554

13,016

15,712

25,728

19,287

14,213

21,638

16,850

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

29,581

44,861

36,595

30,646

-

40,330

-

-

-

-

Discontinued operations:
Income from discontinued operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,658

472

1,253

772

17,010

1,433

943

8,925

5,591

819

-176

18,170

6,943

6,206

1,652

-522

-

5,747

-

-

-

-

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,797

187

502

314

5,732

565

361

3,224

1,920

444

159

7,155

2,519

9,944

657

-227

-

2,326

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,861

285

751

458

11,278

868

582

5,701

3,671

375

-335

11,015

4,424

-3,738

995

-295

-

3,421

-

-

-

-

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

33,470

25,853

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

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

-

73,170

59,626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,751

29,855

21,511

33,470

25,853

Unrealized holding (loss) gain on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

272

0

902

-142

232

Reclassification adjustment for (gains) losses reported in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,330

-

-5

Comprehensive income

51,781

-

88,489

54,903

16,924

-

78,216

66,590

50,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,023

29,855

21,083

33,328

26,090

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.28

0.38

0.31

0.24

0.26

0.36

0.30

0.23

0.26

0.29

0.30

0.19

0.02

0.32

0.26

0.22

-

0.29

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

0.38

0.31

0.24

0.27

0.35

0.30

0.23

0.26

0.29

0.30

0.19

0.02

0.32

0.26

0.22

-

0.29

-

-

-

-

Income from discontinued operations per share:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.11

0.00

0.00

0.00

0.07

0.00

0.00

0.03

0.00

0.00

0.00

0.08

0.03

-0.03

0.01

0.00

-

0.02

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.11

0.00

0.00

0.00

0.07

0.00

0.00

0.03

0.00

0.00

0.00

0.08

0.03

-0.03

0.01

0.00

-

0.02

-

-

-

-

Net income per common share:
Basic

0.22

0.32

0.38

0.25

0.09

-0.02

0.44

0.37

0.29

0.30

0.43

0.34

0.28

0.28

0.41

0.34

0.29

0.17

0.38

0.32

0.27

0.39

0.38

0.31

0.24

0.33

0.36

0.30

0.27

0.27

0.29

0.30

0.27

0.04

0.30

0.27

0.22

0.21

0.32

0.22

0.16

0.25

0.19

Diluted

0.20

0.32

0.38

0.25

0.09

-0.02

0.44

0.37

0.29

0.30

0.43

0.34

0.28

0.29

0.41

0.33

0.29

0.17

0.38

0.32

0.27

0.38

0.38

0.31

0.24

0.33

0.36

0.30

0.26

0.26

0.29

0.30

0.27

0.04

0.30

0.27

0.22

0.20

0.32

0.22

0.16

0.25

0.19

Average common shares outstanding during the period:
Basic

236,122

232,879

232,053

219,055

178,213

177,991

177,923

177,901

177,801

177,700

177,660

177,609

177,479

177,364

177,336

177,288

177,104

176,476

176,704

177,084

176,888

176,659

176,900

177,058

176,839

176,679

176,483

175,983

175,415

244,338

174,596

139,108

138,762

276,672

138,297

138,114

137,825

137,403

137,095

136,785

136,509

135,975

135,631

Diluted

255,054

232,918

232,464

219,790

178,552

178,728

178,357

178,273

178,238

178,562

178,124

178,045

177,969

177,664

177,817

178,084

177,819

176,868

177,495

177,913

177,792

177,322

177,908

178,012

177,810

176,104

177,575

177,078

176,499

244,765

175,608

139,843

139,456

277,328

138,951

138,781

138,384

137,978

137,394

137,012

136,800

136,260

135,939

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.20

0.19

0.19

-

0.19

0.17

0.17

0.17

0.17

0.16

0.16

0.16

0.16

0.15

0.15

0.15

0.00

0.29

0.14

-0.06

0.27

0.16

0.16

-0.12

0.32

0.15

0.15

0.00

0.30

0.14

0.14

0.28

0.13