Chesapeake Utilities Corporation (CPK) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 ENERGY LANE
DOVER, DE 19901
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7934,1693,0656,2042,4804,186
Cash and cash equivalents1,7934,1693,0656,2042,4804,186
Receivables50,33246,67562,31065,42253,18452,487
Inventory, net of allowances, customer advances and progress billings12,0649,7009,73315,72916,24013,012
Inventory12,0649,7009,73315,72916,24013,012
Prepaid expense17,17912,49612,99015,86517,82311,398
Contract with customer, asset, after allowance for credit loss181818181818
Derivative instruments and hedges, assets2,3281,7041,2482,7874,5526,772
Regulatory asset19,11126,34327,87441,43945,62428,729
Other current assets1,8371,9346294281,5891,014
Other undisclosed current assets32,80433,73041,63746,08427,69327,430
Total current assets:137,466136,769159,504193,976169,203145,046
Noncurrent Assets
Operating lease, right-of-use asset12,84213,43214,27214,42114,91615,767
Property, plant and equipment1,908,2571,871,1821,836,6951,810,4731,794,0401,773,800
Intangible assets, net (including goodwill)62,73163,17863,62564,07258,90959,246
Goodwill46,21346,21346,21346,21345,15845,158
Intangible assets, net (excluding goodwill)16,51816,96517,41217,85913,75114,088
Contract with customer, asset, after allowance for credit loss3,5893,7874,1744,3214,7004,607
Derivative instruments and hedges425140898982  
Regulated entity, other noncurrent assets92,68397,027100,454109,16098,256100,470
Other undisclosed noncurrent assets22,75318,97517,92917,63217,39818,406
Total noncurrent assets:2,103,2802,067,7212,038,0472,021,0611,988,2191,972,296
TOTAL ASSETS:2,240,7462,204,4902,197,5512,215,0372,157,4222,117,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities99,69285,81683,181102,615121,40287,216
Interest and dividends payable✕✕✕✕✕14,38812,808
Employee-related liabilities✕✕✕✕✕10,3559,471
Accounts payable53,72944,17338,19361,49646,81138,110
Accrued liabilities45,96341,64344,98841,11949,84826,827
Deferred revenue1,2075946829831,139724
Debt118,57095,80794,079223,640167,332137,024
Derivative instruments and hedges, liabilities8282,1787985852,051427
Regulatory liability9,09212,89410,5565,0313,5066,663
Other undisclosed current liabilities59,02157,86857,48336,16933,42155,237
Total current liabilities:288,410255,157246,779369,023328,851287,291
Noncurrent Liabilities
Long-term debt and lease obligation643,801645,742656,284578,388596,808599,612
Long-term debt, excluding current maturities643,801645,742656,284578,388583,833585,805
Liabilities, other than long-term debt441,858439,363435,900434,825417,325414,738
Deferred income tax liabilities264,541261,215258,399256,167248,702244,978
Liability, pension and other postretirement and postemployment benefits17,13317,89017,19016,96520,22821,458
Accrued environmental loss contingencies2,5622,5122,5303,2722,9013,097
Regulatory liability145,092144,275143,642142,989143,645143,188
Other liabilities1,3891,4121,3931,4101,8492,017
Operating lease, liability11,04011,58512,11012,39212,97513,807
Derivative instruments and hedges, liabilities1014746361,630  
Total noncurrent liabilities:1,085,6591,085,1051,092,1841,013,2131,014,1331,014,350
Total liabilities:1,374,0691,340,2621,338,9631,382,2361,342,9841,301,641
Equity
Equity, attributable to parent, including:866,677864,228858,588832,801814,438815,701
Common stock8,6628,6628,6598,6358,6348,632
Treasury stock, value(8,987)(9,001)(8,816)(7,060)(7,003)(7,018)
Additional paid in capital382,551380,830379,703380,036378,261376,866
Accumulated other comprehensive income (loss)(1,137)(3,059)(1,983)(1,379)(1,398)1,370
Retained earnings476,601477,795472,209445,509428,941428,833
Other undisclosed equity, attributable to parent8,9879,0018,8167,0607,0037,018
Total equity:866,677864,228858,588832,801814,438815,701
TOTAL LIABILITIES AND EQUITY:2,240,7462,204,4902,197,5512,215,0372,157,4222,117,342

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues131,547135,593218,129187,301131,053139,470
Other undisclosed gross profit   (1,550)  
Gross profit:131,547135,593218,129185,751131,053139,470
Operating expenses(111,319)(107,247)(163,214)(144,349)(112,405)(113,001)
Other undisclosed operating income   1,550  
Operating income:20,22828,34654,91542,95218,64826,469
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(72)8312765979572,584
Interest and debt expense(7,076)(6,964)(7,232)(6,952)(6,240)(5,825)
Income from continuing operations before income taxes:13,08022,21347,95936,59713,36523,228
Income tax expense(3,673)(6,080)(11,615)(10,447)(3,703)(6,177)
Income from continuing operations:9,40716,13336,34426,1509,66217,051
Income before gain (loss) on sale of properties:✕✕✕✕✕9,66217,051
Net income available to common stockholders, diluted:9,40716,13336,34426,1509,66217,051

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:9,40716,13336,34426,1509,66217,051
Other comprehensive income (loss)1,922(1,076)(604)19(2,768)(480)
Comprehensive income, net of tax, attributable to parent:11,32915,05735,74026,1696,89416,571

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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