Middlesex Water Company (MSEX) financial statements (2021 and earlier)

Company profile

Business Address 485C ROUTE 1 SOUTH
ISELIN, NJ 08830
State of Incorp. NJ
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4245433
Cash and cash equivalents4245433
Receivables22191918171616
Inventory, net of allowances, customer advances and progress billings5554432
Inventory5554432
Prepaid expense3232222
Deferred costs      1
Other undisclosed current assets      (1)
Total current assets:34293129272423
Noncurrent Assets
Operating lease, right-of-use asset56
Nontrade receivables    11 
Regulated entity, other noncurrent assets1181109958616270
Restricted cash and investments64421003
Other noncurrent assets0220001
Other undisclosed noncurrent assets813718634572530496480
Total noncurrent assets:942881737632593560553
TOTAL ASSETS:976910768661620585576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43333526261716
Accounts payable302319141276
Taxes payable10814111299
Interest and dividends payable2211111
Debt726563518925
Deferred revenue and credits1111
Other liabilities4432222
Other undisclosed current liabilities331    
Total current liabilities:57659465472844
Noncurrent Liabilities
Long-term debt and lease obligation273231153139135136136
Long-term debt, excluding current maturities273231153139135136136
Liabilities, other than long-term debt, including:186190182146143138127
Customer advances or deposits21212022
Deferred revenue and credits 111
Deferred tax liabilities, net4743726847
Deferred income tax liabilities61 
Liability, pension and other postretirement and postemployment benefits34353137363745
Regulatory liability61697944111110
Other liabilities1331121
Other undisclosed liabilities, other than long-term debt288423    
Total noncurrent liabilities:459421335285277274263
Total liabilities:516486430350324303307
Stockholders' equity
Stockholders' equity attributable to parent348326251232221209200
Preferred stock2222222
Common stock217215157155153151149
Retained earnings1291099174655649
Total stockholders' equity:348326251232221209200
Other undisclosed liabilities and equity112988780757369
TOTAL LIABILITIES AND EQUITY:976910768661620585576

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues141134138131133126117
Cost of revenue
(Cost of Goods and Services Sold)
(18)(17)(7)(6)(6)(6)(17)
Gross profit:123118131125127120100
Operating expenses(104)(99)(101)(92)(92)(90)(83)
Other operating expense, net      (1)
Other expenses      (1)
Other nonrecurring (income) expense      0
Other undisclosed operating income1917766618
Operating income:37363739413634
Nonoperating income (expense)4231(1)0(0)
Public utilities, allowance for funds used during construction, additions4311100
Public utilities, allowance for funds used during construction, capitalized cost of equity      0
Other nonoperating income (expense)0(1)2    
Interest and debt expense(7)(7)(7)(6)(5)(6)(6)
Income from continuing operations before income taxes:34313334343128
Income tax expense (benefit)43(1)(11)(12)(11)(10)
Net income attributable to parent:38343223232018
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:38343223232018
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:38343223232018

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:38343223232018
Comprehensive income, net of tax, attributable to parent:38343223232018

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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