Artesian Resources Corporation (ARTNB) Financial Statements (2025 and earlier)

Company Profile

Business Address 664 CHURCHMANS RD
NEWARK, DE 19702
State of Incorp. DE
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

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1472,5051,3099228596
Cash and cash equivalent1,1472,5051,3099228596
Receivables13,82416,56316,72912,17711,9578,143
Prepaid expense2,1882,2692,1862,3061,8911,954
Deferred costs 6,5258,504  312289
Other undisclosed current assets8447767,5804,5853,4313,225
Total current assets:24,52830,61727,80419,16017,61914,207
Noncurrent Assets
Operating lease, right-of-use asset414506467451460480
Property, plant and equipment3,6033,6933,7403,7513,7963,812
Intangible assets, net (including goodwill)1,9391,9391,939247  
Goodwill1,9391,9391,939247  
Other noncurrent assets6,5258,50410,5365,0975,3094,257
Other undisclosed noncurrent assets761,614721,573675,305596,505566,034537,612
Total noncurrent assets:774,095736,215691,987606,051575,599546,161
TOTAL ASSETS:798,623766,832719,791625,211593,218560,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,56413,21615,17515,65710,92212,462
Interest and dividends payable✕✕✕✕917930830
Taxes payable✕✕✕✕ 237343
Accounts payable11,2289,69710,92910,2066,3418,176
Accrued liabilities5,3363,5194,2464,5343,4143,113
Deferred revenue3,3472,9832,4892,2732,060 
Debt2,1982,2442,0461,6211,8621,740
Other liabilities2,0541,6943,1901,4482,0671,946
Other undisclosed current liabilities1,4302,27721,16926,70326,8139,451
Total current liabilities:25,59322,41444,06947,70243,72425,599
Noncurrent Liabilities
Long-term debt and lease obligation:    440432450
Liabilities, other than long-term debt54,66062,10459,14357,88455,36458,170
Deferred revenue1,5822,7973,6864,2954,5785,421
Accumulated deferred investment tax credit409423439456473490
Deferred income tax liabilities52,26558,38154,55253,13350,31352,259
Operating lease, liability404503466440432450
Other undisclosed noncurrent liabilities30,26725,67628,72121,26021,68122,246
Total noncurrent liabilities:84,92787,78087,86479,58477,47780,866
Total liabilities:110,520110,194131,933127,286121,201106,465
Equity
Equity, attributable to parent239,189230,397187,931178,010169,426160,268
Common stock10,30010,2859,5039,4149,3579,292
Additional paid in capital143,920143,369107,142104,989103,463101,811
Retained earnings84,96976,74371,28663,60756,60649,165
Total equity:239,189230,397187,931178,010169,426160,268
Other undisclosed liabilities and equity448,914426,241399,927319,915302,591293,635
TOTAL LIABILITIES AND EQUITY:798,623766,832719,791625,211593,218560,368

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues107,95298,86198,89790,85988,14183,595
Cost of revenue
(Provision for Loan, Lease, and Other Losses)		(233)(92)    
Gross profit:107,71998,76998,89790,85988,14183,595
Operating expenses(81,801)(76,415)(74,991)(68,565)(65,846)(63,670)
Other undisclosed operating income23392    
Operating income:26,15122,44623,90622,29422,29519,925
Nonoperating income3,0223,4092,5942,6812,1412,024
Public utilities, allowance for funds used during construction, additions1,6432,0021,3298231,1701,410
Public utilities, allowance for funds used during construction, capitalized cost of equity    556  
Other nonoperating income1,3791,4071,2651,302971614
Interest and debt expense  (9,156)(8,502)(7,592)(7,619)(7,024)
Other undisclosed income from continuing operations before equity method investments, income taxes     7,6197,024
Income from continuing operations before equity method investments, income taxes:29,17316,69917,99817,38324,43621,949
Other undisclosed loss from continuing operations before income taxes     (1,935)(1,843)
Income from continuing operations before income taxes:29,17316,69917,99817,38322,50120,106
Income tax expense   (5,737)(5,684)(5,181)
Income from continuing operations:29,17316,69917,99811,64616,81714,925
Income before gain (loss) on sale of properties:✕✕✕✕11,64616,81714,925
Other undisclosed net income    12,773  
Net income:29,17316,69917,99824,41916,81714,925
Other undisclosed net loss attributable to parent(8,779)  (7,592)  
Net income available to common stockholders, diluted:20,39416,69917,99816,82716,81714,925

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:29,17316,69917,99824,41916,81714,925
Comprehensive income, net of tax, attributable to parent:29,17316,69917,99824,41916,81714,925

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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