The York Water Company (YORW) Financial Statements (2024 and earlier)
Company Profile
Business Address |
130 E MARKET ST YORK, PA 17401-1219 |
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)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1 | 1 | 2 | 2 | 2 | 2 | |||
Cash and cash equivalents | 1 | 1 | 2 | 2 | 2 | 2 | |||
Receivables | 6,701 | 4,634 | 5,184 | 4,421 | 4,811 | 7,006 | |||
Inventory, net of allowances, customer advances and progress billings | 2,335 | 1,917 | 1,010 | 1,007 | 876 | 906 | |||
Inventory | 2,335 | 1,917 | 1,010 | 1,007 | 876 | 906 | |||
Prepaid expense | 1,025 | 1,032 | 1,526 | 1,131 | 895 | 697 | |||
Contract with customer, asset, after allowance for credit loss | 3,290 | 2,784 | 2,847 | 2,276 | 2,427 | ✕ | |||
Other undisclosed current assets | 882 | 894 | 5,721 | 547 | |||||
Total current assets: | 14,234 | 11,262 | 16,290 | 9,384 | 9,011 | 8,611 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 696 | 717 | 742 | 769 | 714 | ||||
Long-term investments and receivables | 255 | 255 | 255 | 255 | 255 | 255 | |||
Accounts and financing receivable, after allowance for credit loss | 255 | 255 | 255 | 255 | 255 | 255 | |||
Regulated entity, other noncurrent assets | 45,032 | 47,932 | 42,709 | 37,004 | 34,699 | 30,331 | |||
Other noncurrent assets | 4,570 | 4,376 | 3,945 | 5,708 | 3,650 | 3,309 | |||
Other undisclosed noncurrent assets | 445,808 | 394,311 | 343,016 | 310,409 | 296,811 | ||||
Total noncurrent assets: | 496,361 | 447,591 | 390,667 | 354,145 | 336,129 | 33,895 | |||
Other undisclosed assets | 289,524 | ||||||||
TOTAL ASSETS: | 510,595 | 458,853 | 406,957 | 363,529 | 345,140 | 332,030 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 11,254 | 11,979 | 11,468 | 8,047 | 7,707 | 8,101 | |||
Interest and dividends payable | ✕ | ✕ | 3,252 | 3,151 | 3,010 | 2,991 | 2,881 | ||
Taxes payable | ✕ | ✕ | 150 | 531 | |||||
Employee-related liabilities | ✕ | ✕ | 1,575 | 1,417 | 1,247 | 1,191 | 1,134 | ||
Accounts payable | 10,766 | 6,712 | 6,540 | 3,452 | 3,030 | 3,136 | |||
Accrued liabilities | 488 | 440 | 360 | 338 | 345 | 419 | |||
Debt | 7,500 | 6,500 | 1,030 | 1,044 | |||||
Regulatory liability | 593 | 607 | 525 | 609 | 2,104 | ||||
Other undisclosed current liabilities | 5,134 | ||||||||
Total current liabilities: | 16,981 | 20,086 | 11,993 | 15,156 | 10,841 | 9,145 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 139,465 | 138,869 | 123,573 | 94,535 | |||||
Long-term debt, excluding current maturities | 139,465 | 138,869 | 123,573 | 94,535 | |||||
Liabilities, other than long-term debt | 104,665 | 105,400 | 86,832 | 79,624 | 75,051 | 74,721 | |||
Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,324 | ||
Deferred revenue | 14,911 | 12,820 | 10,326 | 7,844 | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,849 | ✕ | ||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 36,962 | 34,754 | ||
Deferred income tax liabilities | 47,901 | 49,590 | 43,538 | 40,426 | ✕ | ✕ | |||
Liability, pension and other postretirement and postemployment benefits | 3,725 | 4,530 | 4,793 | 4,317 | 4,715 | 7,075 | |||
Regulatory liability | 37,448 | 36,374 | 25,444 | 24,790 | 24,710 | 24,372 | |||
Other liabilities | 680 | 2,086 | 2,731 | 2,247 | 1,815 | 2,196 | |||
Total noncurrent liabilities: | 244,130 | 244,269 | 210,405 | 174,159 | 75,051 | 74,721 | |||
Total liabilities: | 261,111 | 264,355 | 222,398 | 189,315 | 85,892 | 83,866 | |||
Equity | |||||||||
Equity, attributable to parent | 207,183 | 152,622 | 143,252 | 134,185 | 126,195 | 119,405 | |||
Common stock | 134,220 | 88,230 | 85,935 | 83,976 | 81,305 | 79,201 | |||
Retained earnings | 72,963 | 64,392 | 57,317 | 50,209 | 44,890 | 40,204 | |||
Total equity: | 207,183 | 152,622 | 143,252 | 134,185 | 126,195 | 119,405 | |||
Other undisclosed liabilities and equity | 42,301 | 41,876 | 41,307 | 40,029 | 133,053 | 128,759 | |||
TOTAL LIABILITIES AND EQUITY: | 510,595 | 458,853 | 406,957 | 363,529 | 345,140 | 332,030 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 60,061 | 55,119 | 53,852 | 51,578 | 48,437 | |||
Gross profit: | 60,061 | 55,119 | 53,852 | 51,578 | 48,437 | |||
Operating expenses | (9,926) | (9,754) | (9,258) | (8,517) | (8,095) | (9,323) | ||
Other undisclosed operating income (loss) | (25,652) | (21,969) | (20,163) | (19,275) | (17,825) | 31,796 | ||
Operating income: | 24,483 | 23,396 | 24,431 | 23,786 | 22,517 | 22,473 | ||
Nonoperating expense | (4,888) | (5,292) | (5,815) | (7,144) | (6,650) | (4,956) | ||
Public utilities, allowance for funds used during construction, additions | 1,501 | 1,221 | 530 | 366 | 229 | 864 | ||
Net periodic defined benefits expense (reversal of expense), excluding service cost component | (1,275) | (1,214) | (1,362) | (1,451) | (1,285) | ✕ | ||
Interest and debt expense | (5,114) | (4,926) | (4,707) | (5,124) | (5,509) | (5,348) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 4,707 | 5,124 | 5,509 | 5,348 | ||||
Income from continuing operations before equity method investments, income taxes: | 14,481 | 13,178 | 18,616 | 16,642 | 15,867 | 17,517 | ||
Other undisclosed income from continuing operations before income taxes | 5,114 | 4,926 | ||||||
Income from continuing operations before income taxes: | 19,595 | 18,104 | 18,616 | 16,642 | 15,867 | 17,517 | ||
Income tax expense | (15) | (1,120) | (2,018) | (2,240) | (2,491) | (4,543) | ||
Income from continuing operations: | 19,580 | 16,984 | 16,598 | 14,402 | 13,376 | 12,974 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 16,984 | 16,598 | 14,402 | 13,376 | 12,974 | |
Net income available to common stockholders, diluted: | 19,580 | 16,984 | 16,598 | 14,402 | 13,376 | 12,974 |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income: | 19,580 | 16,984 | 16,598 | 14,402 | 13,376 | 12,974 | ||
Comprehensive income, net of tax, attributable to parent: | 19,580 | 16,984 | 16,598 | 14,402 | 13,376 | 12,974 |
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.