Middlesex Water Company (MSEX) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4424543
Cash and cash equivalents4424543
Receivables23221919181716
Inventory, net of allowances, customer advances and progress billings5555443
Inventory5555443
Prepaid expense3323222
Total current assets:34342931292724
Noncurrent Assets
Operating lease, right-of-use asset556
Nontrade receivables     11
Regulated entity, other noncurrent assets10111811099586162
Restricted cash and investments 6442100
Other noncurrent assets0022000
Other undisclosed noncurrent assets880813718634572530496
Total noncurrent assets:986942881737632593560
TOTAL ASSETS:1,020976910768661620585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32433335262617
Accounts payable2130231914127
Taxes payable91081411129
Interest and dividends payable2221111
Debt177265635189
Deferred revenue and credits111
Other liabilities4443222
Other undisclosed current liabilities4331   
Total current liabilities:57576594654728
Noncurrent Liabilities
Long-term debt and lease obligation307273231153139135136
Long-term debt, excluding current maturities307273231153139135136
Liabilities, other than long-term debt, including:159186190182146143138
Customer advances or deposits212120
Deferred revenue and credits 11
Deferred tax liabilities, net47437268
Deferred income tax liabilities7061 
Liability, pension and other postretirement and postemployment benefits11343531373637
Regulatory liability49616979441111
Other liabilities1133112
Other undisclosed liabilities, other than long-term debt28288423   
Total noncurrent liabilities:466459421335285277274
Total liabilities:522516486430350324303
Stockholders' equity
Stockholders' equity attributable to parent370348326251232221209
Preferred stock2222222
Common stock222217215157155153151
Retained earnings14612910991746556
Total stockholders' equity:370348326251232221209
Other undisclosed liabilities and equity1281129887807573
TOTAL LIABILITIES AND EQUITY:1,020976910768661620585

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues143141134138131133126
Cost of revenue
(Cost of Goods and Services Sold)
(21)(18)(17)(7)(6)(6)(6)
Gross profit:122123118131125127120
Operating expenses(110)(104)(99)(101)(92)(92)(90)
Other undisclosed operating income2119177666
Operating income:33373637394136
Nonoperating income (expense)64231(1)0
Public utilities, allowance for funds used during construction, additions3431110
Other nonoperating income (expense)30(1)2   
Interest and debt expense(8)(7)(7)(7)(6)(5)(6)
Income from continuing operations before income taxes:31343133343431
Income tax expense (benefit)543(1)(11)(12)(11)
Net income attributable to parent:37383432232320
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:36383432232320
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:36383432232320

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:37383432232320
Comprehensive income, net of tax, attributable to parent:37383432232320

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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