Artesian Resources Corporation (ARTNA) Financial Statements (2024 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

12/31/2023
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 investments1,3099228596293952
Cash and cash equivalents1,3099228596293952
Receivables16,72912,17711,9578,14310,37210,324
Prepaid expense2,1862,3061,8911,9541,8701,795
Deferred costs  312289321363
Other undisclosed current assets7,5804,5853,4313,2253,2625,551
Total current assets:27,80419,16017,61914,20716,11818,985
Noncurrent Assets
Operating lease, right-of-use asset467451460480✕✕
Property, plant and equipment3,7403,7513,7963,8123,8493,882
Intangible assets, net (including goodwill)1,939247    
Goodwill1,939247    
Other noncurrent assets10,5365,0975,3094,2573,9313,721
Other undisclosed noncurrent assets675,305596,505566,034537,612505,932 
Total noncurrent assets:691,987606,051575,599546,161513,7127,603
Other undisclosed assets      468,051
TOTAL ASSETS:719,791625,211593,218560,368529,830494,639
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,17515,65710,92212,46212,87313,546
Interest and dividends payable✕✕9179308307841,805
Taxes payable✕✕ 237343  
Accounts payable10,92910,2066,3418,1768,1878,853
Accrued liabilities4,2464,5343,4143,1133,9022,888
Deferred revenue2,4892,2732,060 ✕✕
Debt2,0461,6211,8621,7401,8421,648
Customer refund liability     3,298 
Other liabilities3,1901,4482,0671,9462,7322,688
Customer advances and deposits✕✕✕✕✕✕969
Contract with customer, liability✕✕✕✕✕1,044✕
Other undisclosed current liabilities21,16926,70326,8139,45115,9429,610
Total current liabilities:44,06947,70243,72425,59937,73128,461
Noncurrent Liabilities
Long-term debt and lease obligation:  440432450  
Liabilities, other than long-term debt59,14357,88455,36458,17062,15885,661
Customer advances or deposits✕✕✕✕✕✕7,797
Deferred revenue and credits✕✕✕✕✕✕526
Deferred revenue3,6864,2954,5785,421✕✕
Contract with customer, liability✕✕✕✕✕6,596✕
Accumulated deferred investment tax credit439456473490508✕
Deferred tax liabilities, net✕✕✕✕✕55,05454,137
Deferred income tax liabilities54,55253,13350,31352,259✕✕
Liability, pension and other postretirement and postemployment benefits      23,201
Operating lease, liability466440432450✕✕
Other undisclosed noncurrent liabilities28,72121,26021,68122,24622,813 
Total noncurrent liabilities:87,86479,58477,47780,86684,97185,661
Total liabilities:131,933127,286121,201106,465122,702114,122
Equity
Equity, attributable to parent187,931178,010169,426160,268153,251146,644
Common stock9,5039,4149,3579,2929,2509,215
Additional paid in capital107,142104,989103,463101,811100,63999,526
Retained earnings71,28663,60756,60649,16543,36237,903
Total equity:187,931178,010169,426160,268153,251146,644
Other undisclosed liabilities and equity399,927319,915302,591293,635253,877233,873
TOTAL LIABILITIES AND EQUITY:719,791625,211593,218560,368529,830494,639

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues98,89790,85988,14183,59580,41182,235
Cost of revenue
(Provision for Loan, Lease, and Other Losses)		      
Gross profit:98,89790,85988,14183,59580,41182,235
Operating expenses(74,991)(68,565)(65,846)(63,670)(61,456)(62,635)
Other undisclosed operating income      
Operating income:23,90622,29422,29519,92518,95519,600
Nonoperating income2,5942,6812,1412,0241,575560
Public utilities, allowance for funds used during construction, additions1,3298231,1701,410622334
Public utilities, allowance for funds used during construction, capitalized cost of equity  556    
Other nonoperating income1,2651,302971614953226
Interest and debt expense(8,502)(7,592)(7,619)(7,024)(6,252)(6,177)
Other undisclosed income from continuing operations before equity method investments, income taxes   7,6197,0246,2526,177
Income from continuing operations before equity method investments, income taxes:17,99817,38324,43621,94920,53020,160
Other undisclosed income (loss) from continuing operations before income taxes   (1,935)(1,843)(1,260)1,118
Income from continuing operations before income taxes:17,99817,38322,50120,10619,27021,278
Income tax expense  (5,737)(5,684)(5,181)(4,991)(7,295)
Income from continuing operations:17,99811,64616,81714,92514,27913,983
Income before gain (loss) on sale of properties:✕✕11,64616,81714,92514,27913,983
Other undisclosed net income  12,773    
Net income:17,99824,41916,81714,92514,27913,983
Other undisclosed net loss attributable to parent  (7,592)  (1) 
Net income available to common stockholders, diluted:17,99816,82716,81714,92514,27813,983

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:17,99824,41916,81714,92514,27913,983
Comprehensive income, net of tax, attributable to parent:17,99824,41916,81714,92514,27913,983

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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