Essential Utilities Inc. (WTRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 762 W. LANCASTER AVE
BRYN MAWR, PA 19010-3489
State of Incorp. PA
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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,6128,50511,64220,149 23,366
Cash and cash equivalents4,6128,50511,64220,149 23,366
Receivables245,736208,836225,679331,216376,828202,446
Inventory, net of allowances, customer advances and progress billings65,17378,63463,21647,506153,143188,147
Inventory65,17378,63463,21647,506153,143188,147
Regulatory asset29,08025,69216,93815,71519,27246,541
Disposal group, including discontinued operation  7,4617,3789,48411,167 
Other undisclosed current assets147,37880,22081,85785,70297,74980,806
Total current assets:491,979409,348406,710509,772658,159541,306
Noncurrent Assets
Operating lease, right-of-use asset37,41637,83639,15140,665 43,095
Property, plant and equipment12,097,07211,846,56511,590,84911,294,58011,130,94610,875,678
Intangible assets, net (including goodwill)2,344,3312,344,3332,344,9762,345,1672,345,3962,345,587
Goodwill2,340,7382,340,6612,340,7552,340,7552,340,7922,340,792
Intangible assets, net (excluding goodwill)3,5933,6724,2214,4124,6044,795
Regulated entity, other noncurrent assets1,766,8921,564,0561,518,0791,429,1651,342,7531,300,554
Restricted cash and investments1,3811,3701,3601,3501,3421,336
Disposal group, including discontinued operation, noncurrent assets  37,32734,41932,95932,124 
Estimated insurance recoveries1,3401,4101,4281,4761,5302,131
Other undisclosed noncurrent assets101,048190,548164,963163,132206,857170,105
Total noncurrent assets:16,349,48016,023,44515,695,22515,308,49415,060,94814,738,486
TOTAL ASSETS:16,841,45916,432,79316,101,93515,818,26615,719,10715,279,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities348,107333,028309,246269,919369,516466,340
Interest and dividends payable75,305
Taxes payable33,316
Accounts payable221,191191,924178,902155,722238,843217,597
Accrued liabilities126,916141,104130,344114,197130,673140,122
Debt80,773238,307231,239218,753228,050167,322
Regulatory liability31,27080,19096,669102,80235,2761,196
Disposal group, including discontinued operation  2,6693,0812,3553,263 
Other undisclosed current liabilities337,777242,374124,900209,457385,764213,235
Total current liabilities:797,927896,568765,135803,2861,021,869848,093
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,826,0856,456,0406,615,5166,484,5166,617,3956,213,285
Long-term debt, excluding current maturities6,826,0856,456,0406,615,5166,484,5166,371,0576,173,628
Other undisclosed long-term debt and lease obligation     246,338 
Liabilities, other than long-term debt2,676,1982,535,2192,485,4802,397,0162,338,5412,279,041
Deferred revenue128,755129,139125,362118,269114,732121,247
Asset retirement obligations8488458428468431,274
Deferred income tax liabilities1,628,3241,486,9791,459,0021,413,6611,345,7661,304,548
Liability, pension and other postretirement and postemployment benefits38,85032,38031,19631,42731,24454,309
Regulatory liability820,910825,659807,240765,949778,754771,734
Disposal group, including discontinued operation, liabilities  758803948974 
Other liabilities24,08624,32624,64827,28728,56225,929
Operating lease, liability34,42535,13336,38738,62937,66639,657
Other undisclosed noncurrent liabilities 645,066   363,916 
Total noncurrent liabilities:10,147,3498,991,2599,100,9968,881,5329,319,8528,492,326
Total liabilities:10,945,2769,887,8279,866,1319,684,81810,341,7219,340,419
Equity
Equity, attributable to parent5,896,1835,922,5575,614,6985,515,9425,377,3865,343,102
Common stock138,297138,235133,909133,848133,486132,764
Treasury stock, value(86,485)(86,783)(87,092)(87,331)(83,693)(83,837)
Additional paid in capital4,137,6964,131,8343,827,1993,819,8043,793,2623,723,523
Retained earnings1,706,6751,739,2711,740,6821,649,6211,534,3311,570,652
Total equity:5,896,1835,922,5575,614,6985,515,9425,377,3865,343,102
Other undisclosed liabilities and equity 622,409621,106617,506 596,271
TOTAL LIABILITIES AND EQUITY:16,841,45916,432,79316,101,93515,818,26615,719,10715,279,792

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues479,419411,255436,700726,450705,383434,618
Cost of revenue(187,296)(187,530)(196,009)(413,153)(744,241)(226,326)
Gross profit:292,123223,725240,691313,297(38,858)208,292
Operating expenses(118,150)(86,320)(85,441)(87,828)208,819(82,431)
Operating income:173,973137,405155,250225,469169,961125,861
Nonoperating income3,0126,8933,7475,9282,8036,253
Public utilities, allowance for funds used during construction, additions2,4005,4553,4245,6885,8635,812
Other nonoperating income (expense)6121,438323240(3,060)441
Interest and debt expense(72,922)(68,590)(69,182)(72,668)(68,771)(60,488)
Other undisclosed income from continuing operations before equity method investments, income taxes     4,666 
Income from continuing operations before equity method investments, income taxes:104,06375,70889,815158,729108,65971,626
Other undisclosed income (loss) from continuing operations before income taxes5516571,1901,068(3,720)1,809
Income from continuing operations before income taxes:104,61476,36591,005159,797104,93973,435
Income tax expense (benefit)30,8343,71126331,6379,993(4,797)
Income from continuing operations:135,44880,07691,268191,434114,93268,638
Income before gain (loss) on sale of properties:68,638
Net income available to common stockholders, diluted:135,44880,07691,268191,434114,93268,638

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:135,44880,07691,268191,434114,93268,638
Comprehensive income, net of tax, attributable to parent:135,44880,07691,268191,434114,93268,638

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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