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)
Annual | Quarterly

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments112222
Cash and cash equivalents112222
Receivables6,7014,6345,1844,4214,8117,006
Inventory, net of allowances, customer advances and progress billings2,3351,9171,0101,007876906
Inventory2,3351,9171,0101,007876906
Prepaid expense1,0251,0321,5261,131895697
Contract with customer, asset, after allowance for credit loss3,2902,7842,8472,2762,427✕
Other undisclosed current assets8828945,721547  
Total current assets:14,23411,26216,2909,3849,0118,611
Noncurrent Assets
Property, plant and equipment696717742769714 
Long-term investments and receivables255255255255255255
Accounts and financing receivable, after allowance for credit loss255255255255255255
Regulated entity, other noncurrent assets45,03247,93242,70937,00434,69930,331
Other noncurrent assets4,5704,3763,9455,7083,6503,309
Other undisclosed noncurrent assets445,808394,311343,016310,409296,811 
Total noncurrent assets:496,361447,591390,667354,145336,12933,895
Other undisclosed assets      289,524
TOTAL ASSETS:510,595458,853406,957363,529345,140332,030
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,25411,97911,4688,0477,7078,101
Interest and dividends payable✕✕3,2523,1513,0102,9912,881
Taxes payable✕✕   150531
Employee-related liabilities✕✕1,5751,4171,2471,1911,134
Accounts payable10,7666,7126,5403,4523,0303,136
Accrued liabilities488440360338345419
Debt  7,500 6,5001,0301,044
Regulatory liability5936075256092,104 
Other undisclosed current liabilities5,134     
Total current liabilities:16,98120,08611,99315,15610,8419,145
Noncurrent Liabilities
Long-term debt and lease obligation139,465138,869123,57394,535  
Long-term debt, excluding current maturities139,465138,869123,57394,535  
Liabilities, other than long-term debt104,665105,40086,83279,62475,05174,721
Customer advances or deposits✕✕✕✕✕✕6,324
Deferred revenue14,91112,82010,3267,844✕✕
Contract with customer, liability✕✕✕✕✕6,849✕
Deferred tax liabilities, net✕✕✕✕✕36,96234,754
Deferred income tax liabilities47,90149,59043,53840,426✕✕
Liability, pension and other postretirement and postemployment benefits3,7254,5304,7934,3174,7157,075
Regulatory liability37,44836,37425,44424,79024,71024,372
Other liabilities6802,0862,7312,2471,8152,196
Total noncurrent liabilities:244,130244,269210,405174,15975,05174,721
Total liabilities:261,111264,355222,398189,31585,89283,866
Equity
Equity, attributable to parent207,183152,622143,252134,185126,195119,405
Common stock134,22088,23085,93583,97681,30579,201
Retained earnings72,96364,39257,31750,20944,89040,204
Total equity:207,183152,622143,252134,185126,195119,405
Other undisclosed liabilities and equity42,30141,87641,30740,029133,053128,759
TOTAL LIABILITIES AND EQUITY:510,595458,853406,957363,529345,140332,030

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues60,06155,11953,85251,57848,437 
Gross profit:60,06155,11953,85251,57848,437 
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:24,48323,39624,43123,78622,51722,473
Nonoperating expense(4,888)(5,292)(5,815)(7,144)(6,650)(4,956)
Public utilities, allowance for funds used during construction, additions1,5011,221530366229864
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   4,7075,1245,5095,348
Income from continuing operations before equity method investments, income taxes:14,48113,17818,61616,64215,86717,517
Other undisclosed income from continuing operations before income taxes5,1144,926    
Income from continuing operations before income taxes:19,59518,10418,61616,64215,86717,517
Income tax expense(15)(1,120)(2,018)(2,240)(2,491)(4,543)
Income from continuing operations:19,58016,98416,59814,40213,37612,974
Income before gain (loss) on sale of properties:✕✕16,98416,59814,40213,37612,974
Net income available to common stockholders, diluted:19,58016,98416,59814,40213,37612,974

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:19,58016,98416,59814,40213,37612,974
Comprehensive income, net of tax, attributable to parent:19,58016,98416,59814,40213,37612,974

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.

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