Connecticut Water Service, Inc. (CTWS) financial statements (2020 and earlier)

Company profile

Business Address 93 W MAIN ST
CLINTON, CT 06413
State of Incorp. CT
Fiscal Year End December 31
SIC 4941 - Water Supply (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments342121813
Cash and cash equivalents342121813
Receivables14151311121212
Costs in excess of billings10888887
Other undisclosed current assets119771394
Total current assets:39362927364736
Noncurrent Assets
Nontrade receivables    57
Property, plant and equipment26262322212019
Intangible assets, net (including goodwill)    323232
Goodwill    323232
Regulated entity, other noncurrent assets16215514513512010588
Restricted cash and investments     610
Deferred costs    898
Other undisclosed noncurrent assets725683588533397413386
Total noncurrent assets:913863755689635584543
TOTAL ASSETS:952899785717671631579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14111312101110
Interest and dividends payable21111  
Other undisclosed accounts payable and accrued liabilities1210121191110
Debt4653241
Customer refund liability201365 
Other liabilities3322222
Other undisclosed current liabilities56213417313
Total current liabilities:79425537242316
Noncurrent Liabilities
Long-term debt and lease obligation    177175178
Long-term debt, excluding current maturities    177175178
Liabilities, other than long-term debt89891101111198676
Customer advances or deposits23201921272931
Deferred revenue and credits1111111
Deferred compensation liability, classified3133343436  
Deferred tax liabilities, net32345148534741
Customer refund liability1 0128 
Other liabilities2155112
Other undisclosed noncurrent liabilities97899175(120)(108)(56)
Total noncurrent liabilities:186178201186176154199
Total liabilities:265219256223200176214
Stockholders' equity
Stockholders' equity attributable to parent, including:294294236224209198185
Preferred stock    111
Common stock190192146145142139135
Accumulated other comprehensive loss(0)(0)(1)(1)(2)(0)(1)
Retained earnings1041029180695952
Other undisclosed stockholders' equity attributable to parent    (1)(1)(1)
Total stockholders' equity:294294236224209198185
Other undisclosed liabilities and equity393386293269262257179
TOTAL LIABILITIES AND EQUITY:952899785717671631579

Income statement (P&L) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit:1251141051031029993
Operating expenses(67)(62)(57)(61)(57)(56)(52)
Other undisclosed operating loss(20)(17)(19)(15)(18)(20)(20)
Operating income:37342927262320
Nonoperating income (expense)(9)(0)12222
Public utilities, allowance for funds used during construction, additions0111100
Other nonoperating expense(1)(2)(1)(0)(0)(0)(1)
Interest and debt expense(11)(9)(7)(7)(7)(6)(9)
Income from continuing operations before income taxes:17252323211814
Income tax expense    (4)(6)(6)
Income before gain (loss) on sale of properties:1725232318127
Other undisclosed net income    466
Net income attributable to parent:17252323211814
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:17252323211814

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:17252323211814
Other comprehensive loss(0)(0)(0)(0)(0)  
Comprehensive income:16252322211814
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0101(1)1(1)
Comprehensive income, net of tax, attributable to parent:17262323201913

Statements sources

The financial statements are based on the company's filings with the 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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