ESSENTIAL UTILITIES, INC. WTR Income Statement

Essential utilities, inc. (WTR)

Income statement / TTM

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	Sep'09	Jun'09
Operating revenues
944,145	889,692	869,397	851,908	844,876	838,091	835,656	824,527	816,085	809,525	803,012	814,597	815,055	819,875	820,143	814,601	816,485	814,204	808,526	798,010	787,557	779,903	775,592	767,377	766,013	761,893	755,221	767,466	765,213	750,685	724,559	701,077	687,700	687,291	660,759	663,153	663,284	660,186	713,264	687,120	0	0	0
Operating expenses:
Operations and maintenance
360,425	333,102	340,174	326,776	313,846	308,478	294,089	292,209	288,309	282,253	274,086	287,154	291,533	297,184	305,203	303,910	309,662	309,310	305,575	299,430	290,059	288,556	288,159	287,416	287,453	283,561	280,215	279,852	273,011	270,042	259,409	254,643	257,837	256,743	242,168	244,574	247,119	250,989	274,307	273,948	0	0	0
Purchased gas
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
164,671	158,179	154,108	152,076	149,139	146,032	144,831	141,638	138,432	136,302	134,850	134,467	132,679	130,987	129,405	127,505	126,935	125,290	124,895	122,396	122,573	123,054	121,767	122,265	120,350	118,414	116,527	114,798	113,226	110,927	107,193	105,071	103,882	103,412	100,065	100,430	100,682	100,606	104,932	103,410	0	0	0
Amortization
-1,360	-1,703	-1,977	-2,222	847	641	542	385	363	422	1,012	1,359	1,760	2,021	2,225	2,652	3,048	3,447	3,385	3,375	3,197	3,481	4,326	4,705	5,327	5,571	5,410	5,545	5,509	5,253	4,421	4,080	4,372	4,888	5,554	7,885	9,575	11,110	12,825	12,579	0	0	0
Taxes other than income taxes
61,422	59,955	59,440	59,803	59,764	59,762	57,598	57,268	56,858	56,628	57,681	57,159	56,982	56,385	55,072	55,023	54,576	55,057	55,589	53,741	52,972	50,453	50,744	51,313	51,389	52,685	52,041	51,848	50,762	46,857	43,576	41,156	39,891	41,449	35,475	36,146	38,338	40,147	49,663	50,105	0	0	0
Total operating expenses
597,928	549,533	551,745	536,433	523,596	514,913	497,060	491,500	483,962	475,605	467,629	480,139	482,954	486,577	491,905	489,090	494,221	493,104	489,444	478,942	468,801	465,544	464,996	465,699	464,519	460,231	454,193	452,043	442,508	433,079	414,599	404,950	405,982	406,492	383,262	389,035	395,714	402,852	441,727	440,042	0	0	0
Operating income
346,217	340,159	317,652	315,475	321,280	323,178	338,596	333,027	332,123	333,920	335,383	334,458	332,101	333,298	328,238	325,511	322,264	321,100	319,082	319,068	318,756	314,359	310,596	301,678	301,494	301,662	301,028	315,423	322,705	317,606	309,960	296,127	281,718	280,799	277,497	274,118	267,570	257,334	271,537	247,078	0	0	0
Other expense (income):
Interest expense
132,636	125,383	110,278	103,038	103,452	99,054	96,016	93,024	90,688	88,543	85,582	83,339	82,067	80,594	79,868	78,939	77,724	76,536	75,808	75,559	75,752	76,397	76,876	77,236	77,351	77,316	77,206	77,453	77,785	77,757	77,730	77,694	77,695	77,804	76,343	75,356	74,319	73,393	72,764	70,999	0	0	0
Interest income
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for funds used during construction
15,064	16,172	16,793	15,246	14,212	13,023	13,151	13,999	14,885	15,211	12,939	11,292	9,700	8,815	8,735	8,176	7,345	6,219	5,765	5,252	5,149	5,134	4,106	3,337	2,890	2,275	2,126	2,619	3,364	4,142	4,934	5,809	6,503	7,150	6,511	5,735	5,267	4,831	4,767	4,317	0	0	0
Change in fair value of interest rate swap agreements
-	-23,742	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of other assets
808	923	559	645	738	714	760	542	411	484	310	329	440	378	520	628	506	468	467	372	513	-4	-106	-43	-292	148	385	567	740	1,090	1,000	896	970	649	692	767	739	2,547	2,492	2,281	0	0	0
Equity loss (earnings) in joint venture
-1,540	-2,210	-2,491	-2,571	-2,242	-2,081	-1,437	-1,815	-743	-331	-235	-1,263	-1,195	-976	32,538	34,857	34,712	35,177	2,812	2,850	4,017	3,989	3,606	2,792	2,695	2,665	1,050	879	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Other
-6,498	-5,691	-4,909	-3,740	-2,265	-1,996	-2,604	-3,517	-4,318	-4,953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
247,429	211,526	129,659	124,874	138,365	178,319	255,570	253,044	253,358	256,652	251,858	253,814	252,418	255,160	225,765	221,197	218,357	216,752	246,694	246,283	244,649	239,103	234,114	224,944	224,046	224,104	225,646	241,073	250,344	247,057	239,095	225,387	211,496	210,794	208,357	205,264	199,257	191,319	206,032	182,677	0	0	0
Provision for income tax benefit
-11,971	-13,017	-27,000	-21,512	-19,708	-13,669	6,452	5,917	11,853	16,914	15,944	20,955	20,901	20,978	12,798	13,971	13,375	14,962	24,384	23,691	24,621	25,219	22,930	18,722	19,638	21,233	6,145	34,037	54,532	65,220	90,561	82,276	73,570	69,111	71,572	73,010	73,743	74,940	80,866	71,988	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	213,884	211,184	206,222	204,408	202,871	219,501	207,036	195,812	181,837	148,534	143,111	137,926	141,683	152,432	0	0	-	0	-	-	-	-
Discontinued operations:
Income from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,155	19,507	20,468	20,158	28,311	16,892	16,278	15,159	24,404	25,756	31,143	32,971	14,279	13,083	0	0	-	0	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,800	6,735	7,113	6,972	9,882	6,070	5,949	5,747	9,678	10,277	19,777	20,275	12,893	12,700	0	0	-	0	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,355	12,772	13,355	13,186	18,429	10,822	10,329	9,412	14,726	15,479	11,366	12,696	1,386	383	0	0	-	0	-	-	-	-
Net income
259,400	224,543	156,659	146,386	158,073	191,988	249,118	247,127	241,505	239,738	235,914	232,859	231,517	234,182	212,967	207,226	204,982	201,790	240,171	240,738	238,925	233,239	223,956	219,577	217,594	221,300	230,323	217,365	205,224	196,563	164,013	154,477	150,622	143,069	137,922	140,550	132,815	123,975	128,587	110,689	0	0	0
Income from continuing operations per share:
Net income attributable to common shareholders
259,400	224,543	156,659	146,386	158,073	191,988	249,118	247,127	241,505	239,738	259,435	242,836	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128,587	110,689	0	0	0
Unrealized holding (loss) gain on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,032	992	0	0	0
Reclassification adjustment for (gains) losses reported in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,325	0	0	-	0
Comprehensive income
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128,289	110,356	0	0	0
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