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

Company profile

Business Address 1500 RONSON RD
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2454335
Cash and cash equivalents2454335
Receivables19191817161617
Inventory, net of allowances, customer advances and progress billings554432
Inventory554432 
Prepaid expense2322222
Deferred costs     1 
Other undisclosed current assets     (1)2
Total current assets:29312927242326
Noncurrent Assets
Operating lease, right-of-use asset6
Nontrade receivables   11 
Regulated entity, other noncurrent assets110995861627038
Restricted cash and investments44210032
Other noncurrent assets2200011
Other undisclosed noncurrent assets71863457253049648017
Total noncurrent assets:88173763259356055358
Other undisclosed assets      446
TOTAL ASSETS:910768661620585576530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33352626171614
Accounts payable23191412766
Taxes payable8141112998
Interest and dividends payable211111 
Debt2656351892534
Deferred revenue and credits11111
Other liabilities4322222
Other undisclosed current liabilities31    1
Total current liabilities:65946547284453
Noncurrent Liabilities
Long-term debt and lease obligation231153139135136136130
Long-term debt, excluding current maturities231153139135136136130
Liabilities, other than long-term debt, including:19018214614313812794
Customer advances or deposits2121202222
Deferred revenue and credits 1111
Pension and other postretirement defined benefit plans, liabilities21
Deferred tax liabilities, net474372684739
Liability, pension and other postretirement and postemployment benefits353137363745
Regulatory liability69794411111010
Other liabilities3311211
Other undisclosed liabilities, other than long-term debt8423     
Other undisclosed noncurrent liabilities      (130)
Total noncurrent liabilities:42133528527727426394
Total liabilities:486430350324303307147
Stockholders' equity
Stockholders' equity attributable to parent, including:326251232221209200321
Preferred stock2222223
Common stock215157155153151149146
Retained earnings109917465564943
Other undisclosed stockholders' equity attributable to parent      130
Total stockholders' equity:326251232221209200321
Other undisclosed liabilities and equity98878075736962
TOTAL LIABILITIES AND EQUITY:910768661620585576530

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues134138131133126117115
Cost of revenue
(Cost of Goods and Services Sold)
(17)(7)(6)(6)(6)(17)(17)
Gross profit:11813112512712010098
Operating expenses(99)(101)(92)(92)(90)(83)(84)
Other operating income (expense), net     (1)0
Other expenses     (1)0
Other nonrecurring (income) expense     0(0)
Other undisclosed operating income1776661816
Operating income:36373941363431
Nonoperating income (expense)231(1)0(0)0
Public utilities, allowance for funds used during construction, additions3111000
Public utilities, allowance for funds used during construction, capitalized cost of equity     00
Other nonoperating income (expense)(1)2     
Interest and debt expense(7)(7)(6)(5)(6)(6)(6)
Income from continuing operations before income taxes:31333434312825
Income tax expense (benefit)3(1)(11)(12)(11)(10)(9)
Net income attributable to parent:34322323201817
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:34322323201816
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:34322323201817

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:34322323201817
Comprehensive income, net of tax, attributable to parent:34322323201817

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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