CONNECTICUT WATER SERVICE INC / CT Financial Statements (2025 and earlier)

Company Profile

Business Address 93 W MAIN ST
CLINTON, CT 06413
State of Incorp. CT
Fiscal Year End December 31
Industry (SIC) 4941 - Water Supply (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,8563,6181,5647312,47518,371
Cash and cash equivalents 2,8563,6181,5647312,47518,371
Receivables 14,16914,96513,02411,01211,97112,340
Costs in excess of billings✕10,0118,4818,1718,2598,2837,624
Other undisclosed current assets 11,4758,6146,6057,02713,4398,561
Total current assets: 38,51135,67829,36427,02936,16846,896
Noncurrent Assets
Nontrade receivables     57,331✕
Property, plant and equipment 26,43625,78222,79521,74121,40420,044
Intangible assets, net (including goodwill)     31,68531,685
Goodwill     31,68531,685
Regulated entity, other noncurrent assets 162,064154,720144,671135,079119,811104,651
Restricted cash and investments      5,777
Deferred costs     8,1648,840
Other undisclosed noncurrent assets 724,858682,603587,672532,669396,626412,918
Total noncurrent assets: 913,358863,105755,138689,489635,021583,915
TOTAL ASSETS: 951,869898,783784,502716,518671,189630,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 13,78211,31913,11611,88210,01910,846
Interest and dividends payable 1,5311,4391,012727693 
Other undisclosed accounts payable and accrued liabilities 12,2519,88012,10411,1559,32610,846
Debt 4,0596,1734,8592,8422,4574,121
Customer refund liability 2,331648552,9946,0794,650
Other liabilities 2,9543,2622,3302,4092,3832,359
Other undisclosed current liabilities 55,78020,72033,96516,8122,684753
Total current liabilities: 78,90641,53855,12536,93923,62222,729
Noncurrent Liabilities
Long-term debt and lease obligation     176,601175,042
Long-term debt, excluding current maturities     176,601175,042
Liabilities, other than long-term debt 88,89988,626109,596111,416119,45386,369
Customer advances or deposits✕22,65420,02419,12721,44426,71828,718
Deferred revenue and credits✕1,0571,1331,1891,2641,3391,414
Deferred compensation liability, classified 31,04332,64933,54034,38935,748 
Deferred tax liabilities, net 31,59333,57950,55848,05353,32247,470
Customer refund liability 534 1089931,5507,749
Other liabilities 2,0181,2415,0745,2737761,018
Other undisclosed noncurrent liabilities 97,33689,32190,97774,712(119,682)(107,668)
Total noncurrent liabilities: 186,235177,947200,573186,128176,372153,743
Total liabilities: 265,141219,485255,698223,067199,994176,472
Equity
Equity, attributable to parent, including: 294,136293,630236,028223,977209,451197,753
Preferred stock     772772
Common stock 190,433191,641145,739144,534141,684138,591
Accumulated other comprehensive loss (485)(428)(924)(935)(1,603)(115)
Retained earnings 104,188102,41791,21380,37869,37059,277
Other undisclosed equity, attributable to parent     (772)(772)
Total equity: 294,136293,630236,028223,977209,451197,753
Other undisclosed liabilities and equity 392,592385,668292,776269,474261,744256,586
TOTAL LIABILITIES AND EQUITY: 951,869898,783784,502716,518671,189630,811

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 124,836113,849105,316103,088101,54398,957
Gross profit: 124,836113,849105,316103,088101,54398,957
Operating expenses (67,359)(62,189)(57,293)(60,858)(57,115)(56,386)
Other undisclosed operating loss (20,298)(17,431)(19,074)(14,791)(18,431)(19,722)
Operating income: 37,17934,22928,94927,43925,99722,849
Nonoperating income (expense) (9,360)(334)1,3542,0591,8371,550
Public utilities, allowance for funds used during construction, additions 4657741,198530518366
Other nonoperating expense (1,442)(2,308)(1,009)(214)(202)(292)
Interest and debt expense (11,124)(8,841)(6,916)(6,737)(6,515)(6,130)
Income from continuing operations before income taxes: 16,69525,05423,38722,76121,31918,269
Income tax expense     (3,596)(5,944)
Income from continuing operations: 16,69525,05423,38722,76117,72312,325
Income before gain (loss) on sale of properties: 16,69525,05423,38722,76117,72312,325
Other undisclosed net income     3,5965,944
Net income attributable to parent: 16,69525,05423,38722,76121,31918,269
Other undisclosed net loss available to common stockholders, basic (10)(38)(38)(38)(38)(38)
Net income available to common stockholders, diluted: 16,68525,01623,34922,72321,28118,231

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 16,69525,05423,38722,76121,31918,269
Other comprehensive loss (448)(435)(413)(378)(449) 
Comprehensive income: 16,24724,61922,97422,38320,87018,269
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 3919314241,046(1,039)1,213
Comprehensive income, net of tax, attributable to parent: 16,63825,55023,39823,42919,83119,482

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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