MSEX Stock Cash Flow Statements

Middlesex Water Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Middlesex Water Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net income	10,779,000	9,479,000	8,804,000	14,319,000	10,546,000	10,682,000	5,765,000	9,992,000	15,761,132	5,868	7,171,000	14,290,000	8,868,000	12,100,000	7,238,000	11,477,000	10,921,000	6,907,000	8,307,000	12,737,000	9,713,000	7,668,000	8,070,000	11,122,000	8,144,000	6,552,000	6,993,000	12,290,000	8,675,000	4,494,000	5,346,000	7,641,000	5,381,000	4,441,000	3,220,000	8,813,000	5,919,000	4,790,000	4,561,000	6,743,000	5,088,000	3,636,000	3,791,000	6,757,000	4,728,000	3,169,000	3,168,000	5,807,000	4,481,000	3,177,000	2,726,000	6,138,000	3,725,000	1,807,000	2,049,000	5,143,000	3,625,000	2,630,000	2,610,000	5,736,000	1,743,000	4,027,000	2,846,000	1,361,000	1,924,000	4,715,000	3,565,000	2,004,000	2,601,000	4,158,000	3,315,000	1,769,000
adjustments to reconcile net income to
net cash from operating activities:
depreciation and amortization	7,544,000	7,913,000	7,807,000	7,223,000	7,029,000	5,979,000	7,336,000	7,563,000	14,535,799	7,201	7,340,000	6,734,000	6,576,000	6,825,000	9,546,000	4,353,000	6,604,000	6,296,000	5,243,000	5,291,000	5,196,000	5,108,000	4,374,000	4,403,000	4,265,000	4,190,000	4,037,000	3,950,000	4,022,000	3,771,000	4,169,000	3,790,000	3,476,000	3,411,000	3,480,000	3,252,000	3,444,000	3,356,000	3,097,000	3,310,000	3,424,000	3,256,000	3,100,000	3,053,000	3,028,000	3,010,000	3,025,000	3,128,000	2,839,000	2,866,000	2,883,000	2,860,000	2,869,000	2,620,000	2,665,000	2,593,000	2,590,000	2,584,000	2,571,000	2,559,000	2,390,000	2,431,000	2,160,000	2,236,000	2,007,000	2,315,000	2,120,000	2,088,000	2,027,000	2,120,000	2,034,000	1,995,000
benefit from deferred income taxes and investment tax credits	-1,942,000	-1,142,000	-2,013,000	-1,314,000	340,000	1,382,000		-1,692,000	-2,992,389	-611			-1,119,000	-2,137,000			-5,493,000	-2,359,000		-3,785,000	-3,776,000	-3,430,000			-2,756,000	-2,319,000				117,000		3,999,000	3,378,000	1,017,000	-1,829,000	2,061,000	2,006,000	1,315,000	-1,878,000	16,538,000	512,000	581,000	1,023,000	772,000	678,000	657,000		1,461,000	364,000	711,000		2,361,000	476,000	514,000	801,000	875,000	214,000	208,000
equity portion of allowance for funds used during construction	-250,000	-218,000	-278,000	-212,000	-151,000	-102,000	-158,000	-286,000	-1,013,554	-446	-473,000	-382,000	-330,000	-202,000	-149,000	-185,000	-439,000	-732,000	-714,000	-607,000	-488,000	-694,000		-555,000	-428,000	-347,000		-282,000	-141,000	-115,000		-118,000	-124,000	-81,000	-162,000	-143,000	-78,000	-40,000	-49,000	-66,000	-63,000	-50,000	-69,000	-54,000	-41,000	-43,000			-58,000	-24,000		-72,000	-88,000	-82,000	-118,000	-145,000	-128,000	-132,000
cash surrender value of life insurance	-237,000	88,000	10,000	-119,000	-86,000	-113,000	-156,000	63,000	-206,898	-102	-73,000	29,000	258,000	187,000	-39,000	12,000	-136,000	27,000	-225,000	-119,000	-252,000	205,000	-65,000	13,000	-77,000	-123,000	146,000	-59,000	-58,000	-2,000	-48,000	-47,000	-62,000	-52,000	-12,000	-45,000			-25,000	45,000	-48,000	-48,000	-27,000	-11,000	-49,000	-21,000			-53,000	-59,000	-19,000	-42,000	-22,000	-68,000	-50,000	44,000	-41,000	-45,000	-55,000	-60,000	-77,000	-426,000	65,000	51,000	269,000	192,000	-57,000	172,000	4,000	-70,000	-149,000	-56,000
stock compensation expense	569,000	389,000	310,000	155,000	1,537,000	-465,000	424,000	424,000	1,365,640	360	360,000	361,000	642,000	267,000	305,000	273,000	557,000	203,000	276,000	188,000	470,000	162,000	228,000	-294,000	474,000	229,000	327,000	222,000	362,000	173,000	167,000	236,000	277,000	160,000	180,000	181,000	327,000	141,000	165,000	131,000	221,000	116,000	109,000	131,000	202,000	97,000	136,000	88,000	192,000	77,000	97,000	84,000	198,000	174,000	79,000	81,000	152,000	82,000	46,000	84,000
changes in assets and liabilities:
accounts receivable	-767,000	-1,279,000	3,861,000	-2,530,000	-4,441,000	2,440,000	818,000	-3,760,000	787,508	492	2,063,000	-3,452,000	-1,149,000	1,831,000	1,717,000	-3,748,000	-571,000	1,860,000	998,000	-2,948,000	-1,796,000	1,085,000	1,499,000	-1,651,000	-1,774,000	1,780,000	1,782,000	-2,533,000	-1,041,000	815,000	945,000	-1,777,000	-1,107,000	1,283,000	3,144,000	-2,365,000	-1,378,000	530,000	2,698,000	-2,330,000	202,000	-618,000	1,263,000	-109,000	9,000	787,000	1,066,000			1,224,000	921,000	-2,681,000	3,206,000	995,000	550,000	-2,405,000	-96,000	1,923,000	1,281,000	-3,037,000	2,199,000	-3,882,000	60,000	511,000	991,000	-1,305,000	-621,000	128,000	187,000	-1,384,000	-1,346,000	-209,000
unbilled revenues	-2,817,000	480,000	2,654,000	-888,000	-1,218,000	-2,015,000	2,019,000	-249,000	-2,407,999	-1	2,363,000	-733,000	-2,141,000	-875,000	1,801,000	-257,000	-1,607,000	-145,000	1,758,000	116,000	-2,237,000	481,000	2,234,000	-1,172,000	-1,305,000	353,000	1,804,000	-353,000	-1,752,000	7,000	1,629,000	-344,000	-1,906,000	212,000	1,941,000	-377,000	-1,615,000	-293,000	1,745,000	-399,000	-1,405,000	-250,000	1,490,000	-373,000	-1,748,000	346,000			-1,276,000	28,000	1,419,000	-709,000	-1,606,000	255,000	1,477,000	0	-1,763,000	196,000	2,221,000	-188,000	1,022,000	116,000	-1,203,000	463,000	947,000	-78,000	-1,327,000	245,000	1,023,000	-73,000	-1,481,000	-65,000
materials & supplies	108,000	-312,000			595,000	-100,000			-248,618	-382							532,000	-81,000	-350,000	512,000	2,000	169,000			104,000	-68,000			-671,000	-37,000				-547,000	305,000	333,000	-1,837,000	-295,000	81,000	-358,000	-107,000	37,000	-115,000	220,000	-215,000	-159,000			-128,000	-573,000	49,000	589,000	-38,000	20,000	-14,000	-60,000	-426,000	673,000	-272,000	-129,000	4,000	-65,000	-77,000	-5,000	-38,000	14,000	-178,000	-68,000		107,000	-20,000	-119,000
prepayments	368,000	-3,984,000	709,000	794,000	446,000	-2,538,000	1,085,000	552,000	-844,710	-1,290	1,045,000	406,000	-1,501,000	306,000	1,147,000	431,000	-2,236,000	664,000	483,000	592,000	-2,171,000	577,000	1,210,000	340,000	-1,654,000	381,000	875,000	286,000	-1,753,000	356,000	180,000	324,000	-1,361,000	473,000	789,000	429,000	-1,250,000	43,000	701,000	144,000	-1,337,000	446,000	992,000	57,000	-1,577,000	267,000			-993,000	514,000	7,000	-20,000	-1,121,000	501,000	501,000	114,000	-713,000	-123,000	196,000	-30,000	603,000	6,000	-725,000	488,000	212,000	-36,000	-662,000	368,000	282,000	-9,000	-726,000	319,000
accounts payable	8,521,000	-195,000	-2,163,000	7,133,000	1,979,000	-4,375,000	-986,000	339,000	3,415,224	2,776	-1,026,000	1,624,000	6,190,000	-3,066,000	3,785,000	-5,760,000	-1,314,000	-6,029,000	5,583,000	2,057,000	-1,313,000	810,000	3,128,000	2,122,000	4,080,000	-5,349,000	-210,000	3,122,000	5,399,000	-2,915,000	1,816,000	-2,932,000	6,058,000	-3,356,000	2,012,000	742,000	3,089,000	-25,000	-2,084,000	-316,000	1,971,000	600,000	-841,000	520,000	1,080,000	-733,000	1,954,000	-759,000	607,000	718,000	-434,000	-555,000	-29,000	-880,000	-83,000	85,000	534,000	-1,233,000	887,000	293,000	-111,000	28,000	-526,000	-732,000	90,000	616,000	447,000	-1,006,000	-197,000	-828,000	2,479,000	-468,000
accrued taxes	-2,073,000	5,468,000	-1,432,000	-833,000	-478,000	4,184,000	2,392,000	-4,862,000	839,166	3,834	-423,000	71,000	-1,515,000	5,408,000	-4,067,000	468,000	-1,805,000	3,887,000	-504,000	536,000	-1,059,000	3,530,000	-4,497,000	-258,000	-5,076,000	3,236,000	-588,000	118,000	97,000	3,185,000	-463,000	-1,256,000	-2,973,000	3,725,000	1,753,000	1,193,000	-3,438,000	3,751,000	-2,211,000	-1,163,000	-41,000	3,593,000	-1,615,000	611,000	-1,301,000	3,121,000			-1,439,000	1,969,000	26,000	-12,000	-892,000	2,297,000	-2,824,000	1,434,000	-1,926,000	2,411,000	-872,000	565,000	-2,405,000	-311,000	-1,019,000	1,639,000	-957,000	632,000	-1,561,000	2,092,000	-427,000	56,000	-1,057,000	2,369,000
accrued interest	614,000	-460,000	520,000	-856,000	602,000	-488,000	592,000	-552,000	563,037	-37	361,000	18,000	196,000	-26,000	792,000	-974,000	-142,000	173,000	200,000	-155,000	1,230,000	-1,169,000	1,232,000	-480,000	692,000	-702,000	741,000	-711,000	757,000	-591,000	702,000	-687,000	667,000	-673,000	683,000	-690,000	673,000	-686,000	693,000	-707,000	664,000	-680,000	703,000	-719,000	699,000	-700,000			-125,000	314,000	-366,000	-301,000	716,000	-722,000	733,000	-785,000	842,000	-760,000	771,000	-780,000	917,000	-808,000	865,000	-1,166,000	1,010,000	-1,134,000	1,202,000	-941,000	1,012,000	-1,008,000	1,016,000	-984,000
employee benefit plans	-1,375,000	-1,324,000	2,085,000	-1,324,000	-3,590,000	-867,000	147,000	-512,000	-974,523	-477	-2,293,000	-663,000	-657,000	-653,000	-3,832,000	397,000	695,000	95,000	-2,611,000	394,000	390,000	450,000	-472,000	2,164,000	-2,830,000	26,000	-688,000	1,052,000	-1,890,000	-588,000	-558,000	-722,000	-702,000	62,000	-432,000	-589,000	-599,000	19,000	2,993,000	-3,273,000	-849,000	1,000,000	-523,000	-1,488,000	-737,000	-495,000			861,000	-94,000	88,000	-1,664,000	1,746,000	100,000	-365,000	-2,117,000	737,000	154,000	-1,724,000	-430,000	-1,353,000	128,000	198,000	673,000	-493,000	-1,860,000	529,000	678,000	-31,000	-1,030,000	594,000	706,000
unearned revenue & advanced service fees	306,000	59,000			324,000	-25,000			111,054	-54	-111,000	-19,000			-64,000	-10,000	167,000	-18,000	-56,000	-18,000	119,000	-1,000	163,000	1,000	22,000	-11,000	0	62,000	8,000	15,000	-11,000	-5,000	43,000	1,000	19,000	5,000	9,000	10,000			10,000	12,000			-3,000	-56,000			7,000	-4,000	3,000	10,000	59,000	-50,000	-17,000	-115,000	-28,000	30,000	-56,000	31,000	-36,000	52,000	33,000	-30,000	19,000	36,000				51,000	98,000	8,000
recovered costs-environmental litigation settlement
other assets and liabilities	-1,044,000	-1,180,000	1,026,000	-1,114,000	-231,000	-900,000	-4,932,000	3,675,000	581,161	-1,161	2,223,000	237,000	-1,269,000	-737,000	-4,400,000	2,026,000	-596,000	-1,306,000	176,000	1,680,000	653,000	1,187,000	-106,000	-939,000	2,075,000	-164,000	690,000	498,000	1,105,000	296,000	605,000	-64,000	-723,000	13,000	1,320,000	1,115,000	-818,000	-281,000	-871,000	418,000	507,000	-200,000	864,000	-810,000	694,000	-886,000			603,000	-589,000	449,000	-617,000	-533,000	-334,000	381,000	245,000	453,000	-540,000
net cash from operating activities	18,304,000	13,782,000	21,395,000	19,456,000	11,227,000	6,652,000	12,796,000	10,699,000	29,271,030	15,970	17,120,000	17,380,000	12,886,000	13,975,000	14,390,000	4,059,000	5,137,000	9,442,000	16,065,000	16,471,000	4,681,000	16,138,000	12,705,000	11,728,000	3,956,000	7,664,000	13,001,000	13,640,000	10,242,000	8,981,000	14,194,000	8,478,000	10,082,000	10,089,000	16,411,000	13,915,000	4,410,000	12,335,000	22,060,000	8,972,000	8,749,000	11,431,000	10,132,000	8,631,000	5,447,000	8,361,000	12,640,000	4,969,000	5,941,000	10,255,000	8,390,000	5,369,000	8,666,000	7,147,000	5,765,000	4,987,000	4,026,000	8,058,000	9,822,000	3,961,000	8,384,000	2,761,000	1,643,000	5,718,000	6,024,000	4,059,000	3,302,000	5,731,000	6,672,000	2,230,000	4,520,000	5,396,000
cash flows from investing activities:
utility plant expenditures, including afudc-debt of 318 in 2025 and 180 in 2024
acquisition of water systems
net cash from investing activities	-36,331,000	-18,911,000	-25,142,000	-20,743,000	-14,348,000	-14,389,000	-17,105,000	-22,439,000	-50,610,485	-24,515	-25,396,000	-26,596,000	-22,712,000	-13,509,000	-18,133,000	-14,745,000	-24,467,000	-22,033,000	-34,834,000	-25,368,000	-20,270,000	-25,147,000	-27,905,000	-25,522,000	-23,374,000	-12,324,000	-22,576,000	-21,141,000	-18,366,000	-10,011,000	-16,152,000	-14,005,000	-11,588,000	-9,577,000	-13,229,000	-14,035,000	-13,439,000	-6,672,000	-6,477,000	-6,635,000	-7,363,000	-3,908,000	-5,873,000	-5,762,000	-6,626,000	-3,578,000			-8,699,000	-5,158,000	-2,635,000	-4,027,000	-9,961,000	-5,691,000	-4,923,000	-5,249,000	-5,858,000	-4,036,000	-9,676,000	-6,086,000	-4,239,000	-3,946,000	-5,627,000	-5,860,000	-10,585,000	-6,238,000	-7,315,000	-6,789,000	-8,336,000	-5,280,000	-5,760,000	-3,684,000
cash flows from financing activities:
redemption of long-term debt	-1,120,000	-1,587,000	-1,208,000	-3,945,000	-954,000	-1,539,000	-1,003,000	-13,907,000	-2,551,447	-1,553	-1,026,000	-4,235,000	-934,000	-1,228,000	-24,036,000	-26,323,000	-1,008,000	-1,324,000	-1,081,000	-4,103,000	-958,000	-1,330,000	-1,028,000	-3,959,000	-1,019,000	-1,337,000	-1,011,000	-3,869,000	-1,003,000	-1,141,000	-996,000	-3,048,000	-989,000	-1,126,000	-981,000	-2,781,000	-1,044,000	-1,092,000	-926,000	-2,623,000	-1,689,000	-1,046,000	-803,000	-2,952,000	-797,000	-929,000			-837,000	-6,887,000	-52,534,000	-2,601,000	-746,000	-844,000	-609,000	-2,384,000	-606,000	-828,000	-594,000	-2,235,000	-401,000	-1,935,000	-367,000	-15,541,000	-307,000	-1,685,000	-305,000	-490,000	-287,000	-1,503,000	-286,000	-425,000
proceeds from issuance of long-term debt	858,000	28,000	1,704,000	31,000	136,000	425,000	5,172,000	7,760,000	62,839,028	40,972	-1,000	376,000	1,037,000	1,250,000	65,000,000	20,000,000	908,000	687,000	39,997,000	598,000	4,323,000	5,398,000	-3,479,000	69,229,000	6,318,000	6,899,000	12,811,000	3,698,000	3,274,000	2,293,000	4,555,000	2,921,000	1,309,000	2,738,000	4,682,000	3,042,000			2,000,000	2,000,000	0	3,000,000	7,848,000	0	4,187,000	211,000	58,000	0	3,976,000	11,000	55,421,000	0	4,353,000	576,000	700,000	432,000	2,308,000	7,000	3,970,000	0	0	0	5,001,000	7,013,000	3,573,000	140,000	596,000	343,000	3,500,000	-1,000	92,000	41,000
net short-term bank borrowings	21,200,000	11,000,000	5,500,000	-54,750,000	14,250,000	15,250,000	500,000	18,750,000	-31,973,000	-27,000	15,000,000	13,000,000	12,500,000	2,000,000	-37,000,000	18,500,000	18,500,000	11,000,000	-34,500,000	-1,000,000	4,000,000	13,500,000	-38,500,000	-900,000	9,900,000	1,000,000	0	9,500,000	11,500,000	-500,000	3,500,000	7,500,000	2,500,000	2,500,000	-1,600,000	3,100,000	8,500,000	-1,000,000	-15,000,000	0	3,000,000	-4,000,000	-11,500,000	2,500,000	500,000	-950,000	-2,000,000			-500,000	200,000	2,500,000	2,000,000	-1,000,000	0	4,000,000	2,450,000	800,000			-900,000	4,740,000	2,000,000	11,133,000	3,677,000	5,200,000	8,000,000	2,750,000	-300,000	5,750,000
deferred debt issuance expense			0	-13,000			-8,000	-16,000	-106,951	-49	-12,000	-530,000	-73,000	-9,000	-959,000	-21,000	-12,000	-2,000	-107,000	-8,000	-9,000	-24,000	-15,000	-753,000			-18,000	-787,000	-55,000	-20,000	-86,000	-111,000	-30,000	-3,000	6,000	-143,000			1,000	-62,000			-72,000	-61,000							-1,138,000	0			-3,000	-15,000	0	-19,000
payment of grantee withholding taxes in exchange for restricted stock	-154,000	-225,000	-118,000	-22,000	-460,000	-868,000
proceeds from issuance of common stock	3,833,000	221,000	234,000	235,000	253,000	252,000	3,090,000	3,280,000	5,742,658	2,342	271,000	3,025,000	4,133,000	2,906,000	2,952,000	289,000	274,000	322,000	309,000	313,000	295,000	313,000	44,335,000	5,368,000	4,522,000	2,559,000	286,000	268,000	310,000	286,000	326,000	316,000	291,000	301,000	294,000	329,000	397,000	433,000	347,000	381,000	362,000	372,000	373,000	401,000	334,000	385,000	111,000	374,000	476,000	407,000	394,000	405,000	386,000	402,000	336,000	393,000	389,000	386,000	376,000	367,000	84,000	405,000	388,000	374,000	384,000	367,000	367,000	357,000	360,000	355,000	356,000	349,000
common stock issuance expense							0				-7,000								0	0	0	-37,000	-335,000	-17,000	1,000	-6,000													0																				0	-22,000									0	0	0	-15,000
payment of common dividends	-6,101,000	-6,081,000	-6,082,000	-5,795,000	-5,793,000	-5,738,000	-5,841,000	-5,551,000	-11,043,487	-5,513	-5,512,000	-5,114,000	-5,097,000	-5,087,000	-5,079,000	-4,767,000	-4,765,000	-4,762,000	-4,760,000	-4,476,000	-4,474,000	-4,468,000	-4,272,000	-3,987,000	-3,963,000	-3,943,000	-3,937,000	-3,668,000	-3,666,000	-3,659,000	-3,658,000	-3,451,000	-3,450,000	-3,443,000	-3,442,000	-3,241,000	-3,228,000	-3,226,000	-3,222,000	-3,119,000	-3,107,000	-3,105,000	-3,101,000	-3,059,000	-3,037,000	-3,034,000			-2,967,000	-2,963,000	-2,959,000	-2,911,000	-2,907,000	-2,902,000	-2,899,000	-2,850,000	-2,846,000	-2,842,000	-2,838,000	-2,793,000	-2,431,000	-2,388,000	-2,383,000	-2,380,000	-2,376,000	-2,337,000	-2,321,000	-2,319,000	-2,316,000	-2,278,000	-2,275,000	-2,272,000
payment of preferred dividends	-19,000	-22,000	-20,000	-29,000	-30,000	-30,000	-30,000	-30,000	-59,970	-30	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-30,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-36,000	-43,000			-51,000	-52,000	-51,000	-52,000	-51,000	-52,000	-51,000	-52,000	-51,000	-52,000	-51,000	-52,000	-52,000	-52,000	-52,000	-52,000	-52,000	-42,000	-62,000	-62,000	-62,000	-62,000	-62,000	-62,000
construction advances and contributions-net	1,539,000	226,000	1,619,000	259,000	930,000	450,000	1,849,000	676,000	-959,410	410	513,000	1,337,000	-684,000	-507,000	1,146,000	2,133,000	7,441,000	505,000	1,158,000	3,658,000	1,273,000	2,489,000	862,000	1,761,000	1,068,000	651,000	1,606,000	2,100,000	858,000	182,000	589,000	448,000	8,000	270,000	321,000	74,000	1,177,000	-565,000	71,000	20,000	73,000	-335,000	653,000	319,000	-795,000	645,000	226,000	182,000	145,000	300,000	126,000	388,000	155,000	112,000	656,000	589,000	675,000	-122,000	172,000	630,000	780,000	15,000	-306,000	-396,000	-193,000	-40,000	165,000	-60,000	153,000	924,000	-104,000	137,000
net cash from financing activities	19,605,000	3,560,000	1,629,000	-394,000	8,291,000	8,202,000	3,729,000	10,333,000	21,887,421	9,579	9,196,000	7,804,000	10,852,000	-705,000	1,994,000	9,781,000	21,308,000	6,396,000	986,000	-5,048,000	4,420,000	15,811,000	4,621,000	66,712,000	16,790,000	5,787,000	9,701,000	7,206,000	11,182,000	-2,595,000	4,194,000	4,539,000	-397,000	1,201,000	-756,000	344,000	6,612,000	-5,486,000	-16,765,000	-3,460,000	-658,000	-5,150,000	-6,638,000	-2,888,000	348,000	-3,715,000			1,242,000	-3,614,000	-4,528,000	-2,271,000	3,168,000	-3,708,000	-1,870,000	113,000	2,319,000	-2,679,000	-783,000	1,177,000	-2,920,000	782,000	4,282,000	12,000	4,706,000	1,598,000	6,275,000	491,000	1,027,000	3,197,000	-1,479,000	-2,300,000
net changes in cash, cash equivalents and restricted cash	1,578,000	-1,569,000			5,170,000	465,000			547,966	1,034	920,000	-1,412,000	1,026,000	-239,000	-1,749,000	-905,000	1,978,000	-6,195,000											3,058,000	-3,625,000
cash, cash equivalents and restricted cash at beginning of period	0	4,226,000			0	2,390,000			3,824,172	3,828	0	0	0	3,533,000	0	-2,000	2,000	10,404,000	0	0	0	46,499,000	0	0	0	5,661,000			0	6,397,000
cash, cash equivalents and restricted cash at end of period	1,578,000	2,657,000			5,170,000	2,855,000			4,372,138	4,862	920,000	-1,412,000	1,026,000	3,294,000	-1,749,000	-907,000	1,980,000	4,209,000	-17,783,000	-13,945,000	-11,169,000	53,301,000	-10,579,000	52,918,000	-2,628,000	6,788,000			3,058,000	2,772,000
supplemental disclosure of non-cash activity:
utility plant received as construction advances and contributions	3,365,000	1,500,000	2,009,000	2,498,000	2,318,000	2,143,000	1,305,000	1,735,000	4,216,766	2,234	547,000	1,384,000	1,920,000	2,401,000	471,000	922,000	2,188,000	1,169,000	1,333,000	-49,000	2,374,000	1,422,000	2,395,000	1,550,000	2,220,000	1,605,000	807,000	964,000	1,780,000	284,000	540,000	2,107,000	472,000	659,000	222,000	-178,000	504,000	891,000	819,000	408,000	448,000	766,000	4,801,000	667,000	1,086,000	44,000	1,852,000	1,033,000	-106,000	397,000	187,000	375,000	155,000	298,000	993,000	112,000	5,780,000	508,000	1,119,000	174,000	1,278,000	1,993,000	224,000	769,000	840,000	3,300,000	766,000	546,000	5,243,000	906,000	1,201,000	1,610,000
accrued payables for utility plant	-8,581,000	11,499,000
conversion of preferred stock into common stock	262,000	21,000	255,000
supplemental disclosure of cash flows information:
cash paid during the period for:
interest	2,998,000	3,365,000	2,790,000	4,278,000	3,474,000	3,943,000	3,173,000	4,098,000	5,488,188	2,812	2,458,000	2,548,000	2,207,000	2,038,000	1,455,000	3,116,000	2,249,000	1,726,000	1,810,000	2,080,000	732,000	3,022,000	1,009,000	2,528,000	1,104,000	2,297,000	1,023,000	2,379,000	878,000	1,833,000	841,000	2,181,000	805,000	1,789,000	772,000	2,120,000	764,000	1,774,000	805,000	2,214,000	836,000	1,847,000	774,000	2,201,000	840,000	1,930,000	868,000	2,248,000	1,695,000	932,000	2,261,000	2,068,000	1,021,000	2,187,000	971,000	2,447,000	830,000	2,088,000	988,000	2,559,000	844,000	2,559,000	861,000	2,623,000	838,000	2,925,000	555,000	2,546,000	747,000	2,697,000	637,000	2,461,000
interest capitalized	164,000	154,000	189,000	142,000	106,000	74,000	113,000	211,000	650,633	367	288,000	245,000	219,000	175,000	128,000	160,000	329,000	531,000	431,000	347,000	306,000	429,000	449,000	317,000	215,000	168,000	176,000	142,000	73,000	52,000	71,000	56,000	56,000	38,000	70,000	64,000	41,000	21,000	34,000	46,000	40,000	32,000	35,000	26,000	25,000	24,000	32,000	36,000	31,000	14,000	34,000	38,000	49,000	54,000	78,000	90,000	69,000	62,000	656,000	-51,000	-105,000	-98,000	-106,000	-112,000	-104,000	-88,000	-78,000	-49,000	-62,000	-89,000	-73,000	-58,000
income taxes			756,000	1,661,000			246,000	2,456,000			1,105,000	1,550,000	450,000	125,000	100,000	915,000			726,000	1,406,000	375,000	2,000	3,587,000	910,000	5,027,000	815,000	1,498,000	1,202,000			1,292,000	748,000			1,718,000	880,000	3,130,000	1,000	255,000	235,000			2,128,000	1,560,000			1,840,000	1,979,000	2,060,000	1,130,000	1,036,000	539,000			2,119,000	64,000	1,947,000	603,000	1,891,000	2,647,000	425,000	64,000	947,000	420,000	1,690,000	808,000	2,006,000	701,000	1,652,000	1,364,000	1,503,000	15,000
recovered costs - litigation settlement						-6,027,000
utility plant expenditures, including afudc of 154 in 2025, 74 in 2024		-18,911,000
cash paid during the 3 months for:
gain on sale of subsidiary											0	0
materials and supplies			-169,000											-11,000																		440,000
unearned revenue and advanced service fees			-79,000											-10,000
recovered costs litigation settlement
utility plant expenditures, including afudc-debt of 511 in 2024, 975 in 2023 and 927 in 2022
proceeds from sale of subsidiary											0
proceeds from litigation settlement			0
non-cash consideration for sale of subsidiary											0	0	0	2,100,000
litigation settlement receivable			0				-23,291,000
litigation settlement payable			0				-21,712,000
cash paid during the year for:
receovered costs-litigation settlement
utility plant expenditures, including afudc-debt of 322 in 2024 and 862 in 2023
net changes in cash and cash equivalents																								52,918,000	-2,628,000	1,127,000					2,236,000	-988,000	-1,903,000	1,713,000	2,426,000	224,000	-2,417,000	177,000	-1,182,000	-1,123,000	728,000	2,373,000	-2,379,000	-19,000	-831,000	1,068,000			-1,516,000	1,483,000	1,227,000	-929,000	1,873,000	-2,252,000	-1,028,000	-149,000	487,000	1,343,000	-637,000	-948,000	1,225,000	-403,000	298,000	-130,000	145,000	-581,000	2,262,000	-567,000	-637,000	147,000	-2,719,000	-588,000
cash and cash equivalents at beginning of period																															0	0	0	3,879,000	0	0	0	3,469,000	0	0	0	2,673,000	0	0	0	4,834,000	0	0	0	3,025,000	0	0	0	3,106,000	0	0	0	2,453,000	0	0	0	0	0	3,288,000	0	0	0	2,029,000	0	0	0	5,826,000
cash and cash equivalents at end of period																															2,236,000	-988,000	-1,903,000	5,592,000	2,426,000	224,000	-2,417,000	3,646,000	-1,182,000	-1,123,000	728,000	5,046,000	-2,379,000	-19,000	-831,000	5,902,000	1,897,000	-55,000	-1,516,000	4,508,000	1,227,000	-929,000	1,873,000	854,000	-1,028,000	-149,000	487,000	3,796,000	-637,000	-948,000	1,225,000	-403,000	298,000	3,158,000	145,000	-581,000	2,262,000	1,462,000	-637,000	147,000	-2,719,000	5,238,000
utility plant expenditures, including afudc-debt of 180 in 2024 and 651 in 2023
utility plant expenditures, including afudc of 74 in 2024, 367 in 2023						-14,389,000
benefit from deferred income taxes											-1,022,000				812,000													-3,215,000
utility plant expenditures, including afudc of 975 in 2023, 927 in 2022 and 1,148 in 2021
long-term debt deobligation																							0												0				0	9,000							0	0	0	64,000
utility plant expenditures, including afudc of 862 in 2023 and 639 in 2022
proceeds from sale of subsiary
payment of grantee witholding taxes in exchange for restricted stock
utility plant expenditures, including afudc of 651 in 2023 and 394 in 2022
utility plant expenditures, including afudc of 367 in 2023, 175 in 2022										-24,515
non-cash consideration for sale of a subsidiary
utility plant expenditures, including afudc of 927 in 2022, 1,148 in 2021 and 1,513 in 2020
utility plant expenditures, including afudc of 639 in 2022 and 1,020 in 2021
utility plant expenditures, including afudc of 394 in 2022 and 860 in 2021
gain on sale of subsidairy														-5,232,000
utility plant expenditures, including afudc of 175 in 2022, 531 in 2021														-16,631,000
proceeds from sale of subsidary														3,122,000
utility plant expenditures, including afudc of 1,148 in 2021, 1,513 in 2020 and 1,149 in 2019
proceeds from premium issuance of long-term debt
utility plant expenditures, including afudc of 1,020 in 2020 and 1,082 in 2020
utility plant expenditures, including afudc of 860 in 2021 and 735 in 2020
utility plant expenditures, including afudc of 531 in 2021, 429 in 2020																		-22,033,000
utility plant expenditures, including afudc of 1,513 in 2020, 1,149 in 2019 and 443 in 2018
utility plant expenditures, including afudc of 1,082 in 2020, 700 in 2019
net changes in cash, cash equivalents, and restricted cash																				-13,945,000
long term debt deobligation																																					115,000	419,000
utility plant expenditures, including afudc of 735 in 2020, 383 in 2019
utility plant expenditures, including afudc of 429 in 2020, 168 in 2019																						-25,147,000
net changes in cash, cash equivalents and restrcted cash																						6,802,000
benefit from deferred income taxes and itc																																																											516,000	-465,000	3,018,000	2,099,000	80,000	325,000	172,000	543,000	194,000	123,000	-229,000	393,000	107,000	128,000
equity portion of afudc																																																											-123,000	-92,000	-169,000	-147,000	-135,000	-129,000	-118,000	-92,000	-84,000	-54,000	-54,000	-80,000	-67,000	-54,000
utility plant expenditures, including afudc of 1,149 in 2019, 443 in 2018 and 221 in 2017
utility plant expenditures, including afudc of 700 in 2019 and 267 in 2018
utility plant expenditures, including afudc of 383 in 2019, 125 in 2018
utility plant expenditures, including afudc of 168 in 2019, 52 in 2018																										-12,324,000
utility plant expenditures, including afudc of 443 in 2018, 221 in 2017 and 196 in 2016
utility plant expenditures, including afudc of 267 in 2018, 150 in 2017
utility plant expenditures, including afudc of 125 in 2018, 94 in 2017
utility plant expenditures, including afudc of 52 in 2018 and 38 in 2017																														-10,011,000
equity portion of allowance for funds used during constuction
adoption of repairs on tangible property regulations net
utility plant expenditures, including afudc of 221 in 2017, 196 in 2016 and 152 in 2015
(receipt) release of restricted cash
restricted cash																																							-1,000	16,000	398,000	977,000	865,000	1,499,000	-3,051,000	587,000	-5,747,000	8,700,000	-2,728,000	98,000	1,257,000	1,785,000	-3,320,000	742,000	1,292,000	1,359,000	293,000	852,000	-2,295,000	156,000	0	0	340,000	116,000	-1,954,000	1,023,000	121,000	219,000	-1,976,000	1,773,000	48,000	599,000
utility plant expenditures, including afudc of 150 in 2017, 126 in 2016
utility plant expenditures, including afudc of 94 in 2017, 62 in 2016
utility plant expenditures, including afudc of 38 in 2017, 21 in 2016																																		-9,577,000
utility plant expenditures, including afudc of 196 in 2016, 152 in 2015 and 110 in 2014
investment in joint venture																																																	-255,000	-750,000	-200,000	-500,000
federal income tax receivable
utility plant expenditures, including afudc of 126 in 2016, 118 in 2015
utility plant expenditures, including afudc of 62 in 2016, 72 in 2015
utility plant expenditures, including afudc of 21 in 2015, 32 in 2015																																						-6,672,000
adoption of repairs on tangible property regulations
utility plant expenditures, including afudc of 152 in 2015, 110 in 2014 and 113 in 2013
distribution from/(investment in) joint venture
utility plant expenditures, including afudc of 118 in 2015, 75 in 2014
distribution from joint venture
utility plant expenditures, including afudc of 72 in 2015, 49 in 2014
utility plant expenditures, including afudc of 32 in 2015, 24 in 2014																																										-4,885,000
utility plant expenditures, including afudc of 110 in 2014, 113 in 2013 and 175 in 2012
premium on long-term debt
utility plant expenditures, including afudc of 75 in 2014, 81 in 2013
distribution from / (investment in) joint venture
utility plant expenditures, including afudc of 49 in 2014, 45 in 2013
distributions from / (investment in) joint venture
adjustments to reconcile net income to net cash from operating activities:
utility plant expenditures, including afudc of 24 in 2014, 14 in 2013																																														-4,165,000
utility plant expenditures, including afudc of 113 in 2013, 175 in 2012 and 298 in 2011
repurchase of preferred stock																																																							0	0	0	-9,000	0
utility plant expenditures, including afudc of 81 in 2013, 141 in 2012
receivables
utility plant expenditures, including afudc of 45 in 2013, 103 in 2012
utility plant expenditures, including afudc of 14 in 2013, 54 in 2012																																																		-4,506,000
utility plant expenditures, including afudc of 175 in 2012, 299 in 2011 and 359 in 2010
utility plant expenditures, including afudc of 141 in 2012, 221 in 2011
utility plant expenditures, including afudc of 103 in 2012, 131 in 2011
utility plant expenditures, including afudc of 54 in 2012, 62 in 2011																																																						-6,433,000
utility plant expenditures, including afudc of 299 in 2011, 359 in 2010 and 421 in 2009
see notes to consolidated financial statements
utility plant expenditures, including afudc of 221 in 2011, 297 in 2010
see notes to unaudited condensed consolidated financial statements.
utility plant expenditures, including afudc of 131 in 2011, 246 in 2010
see notes to condensed consolidated financial statements.
utility plant expenditures, including afudc of 62 in 2011, 113 in 2010																																																										-4,888,000
gain on disposal of equity investments																																																																	0	0
utility plant expenditures, including afudc of 359 in 2010, 421 in 2009 and 319 in 2008
transfer of equity investment to employee retirement benefit plans																																																																	0
other assets																																																												-78,000	69,000	5,000	-327,000	-311,000	106,000	-274,000	30,000	-213,000	438,000	-253,000	16,000	-210,000
other liabilities																																																												-18,000	184,000	-492,000	-652,000	344,000	-117,000	-225,000	-238,000	115,000	-42,000	80,000	-81,000	267,000
utility plant expenditures, including afudc of 297 in 2010, 316 in 2009
net short-term bank (payments)/borrowings																																																												5,300,000
deferred debt issuance expenses																																																													0	0	9,000	-125,000	0	0	-130,000	-28,000	-20,000	0	0	-30,000
utility plant expenditures, including afudc of 246 in 2010, 218 in 2009
utility plant expenditures, including afudc of 113 in 2010, 112 in 2009
net short-term bank (repayments)/borrowings
net cash provided by/(used in) financing activities
gain on sale of real estate																																																																					-55,000	0
utility plant expenditures, including afudc of 421 in 2009, 319 in 2008 and 282 in 2007
proceeds from real estate dispositions																																																																					0	0
utility plant expenditures, including afudc of 316 in 2009, 215 in 2008
utility plant expenditures, including afudc of 218 in 2009, 127 in 2008
utility plant expenditures, including afudc of 112 in 2009, 49 in 2008																																																																-5,976,000
utility plant expenditures, including afudc of 319 in 2008, 282 in 2007 and 373 in 2006
preliminary survey & investigation charges																																																																	-770,000	-232,000	-224,000	-681,000		-248,000	-927,000	-663,000
see notes to consolidated financial statements.
utility plant expenditures, including afudc of 215 in 2008 and 220 in 2007
utility plant expenditures, including afudc of 127 in 2008 and 131 in 2007
transfer of equity investments to employee retirement benefit plans
utility plant expenditures, including afudc of 49 in 2008 and 58 in 2007																																																																				-6,327,000
allowance for funds used during construction
utility plant expenditures, including afudc of 282 in 2007, 373 in 2006, and 0 in 2005
cash surrender value & other investments
preliminary survey and investigation charges
utility plant expenditures, including afudc of 220 in 2007 and 231 in 2006
utility plant expenditures, including afudc of 131 in 2007 and 123 in 2006
utility plant expenditures, including afudc of 58 in 2007 and 61 in 2006																																																																								-3,620,000
operations contracts receivable
utility plant expenditures*
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
*excludes allowance for funds used during construction.
investment in associated companies
cash paid for interest

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