Annual Balance Sheet

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Restated)
Cash & Equivalents 1.33 7.14 0.21 0.44 4.36
Cash and Short Term Investments 1.33 7.14 0.21 0.44 4.36
Accounts Receivable - Trade, Gross 24.92 27.45 35.42 23.91 22.19
Provision for Doubtful Accounts -0.92 -0.95 -1.04 -0.76 -0.94
Accounts Receivable - Trade, Net 62.18 70.21 38.10 31.61 27.10
Receivables - Other 5.69 2.16 4.74 17.87 10.79
Total Receivables, Net 67.87 72.37 42.84 49.48 37.90
Inventories - Raw Materials 6.43 5.78 4.80 4.29 5.42
Inventories - Other 0.00 0.00 41.39 41.25 32.17
Total Inventory 6.43 5.78 46.18 45.54 37.58
Prepaid Expenses 5.41 6.06 5.60 3.74 3.23
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00 0.00
Unbilled Utility Revenues 20.48 23.59 26.41 24.39 19.49
Discontinued Operations - Current Asset 0.00 0.00 0.00 0.00 0.00
Other Current Assets 20.93 16.53 34.22 43.30 30.13
Other Current Assets, Total 41.41 40.12 60.63 67.69 49.62
Total Current Assets 122.46 131.47 155.46 166.88 132.70
Construction in Progress - Gross 119.55 78.06 63.84 63.35 0.00
Other Property/Plant/Equipment - Gross 13.17 0.00 0.00 0.00 0.00
Property/Plant/Equipment, Total - Gross 132.72 78.06 63.84 63.35 0.00
Property/Plant/Equipment, Total - Net 163.01 103.41 87.91 84.19 18.71
Goodwill, Net 1.12 1.12 1.12 1.12 1.12
Intangibles, Net 0.00 0.00 0.00 0.00 0.00
Utility Plant - Gross 1,839.42 1,780.11 1,674.53 1,620.33 1,590.49
Utility Plant Accumulated Depreciation -543.26 -561.86 -533.37 -532.75 -529.70
Utility Plant, Net 1,296.16 1,218.26 1,141.16 1,087.57 1,060.79
Total Utility Plant, Net 1,296.16 1,218.26 1,141.16 1,087.57 1,060.79
Note Receivable - Long Term 50.89 41.86 0.00 0.00 0.00
Deferred Income Tax - Long Term Asset 0.00 0.00 0.00 0.00 0.00
Other Long Term Assets 7.70 5.32 31.09 130.74 130.64
Other Long Term Assets, Total 7.70 5.32 31.09 130.74 130.64
Total Assets 1,641.33 1,501.43 1,416.73 1,470.49 1,343.96
Accounts Payable 55.62 59.53 50.98 43.72 50.59
Accrued Expenses 30.26 23.94 20.31 21.42 23.52
Notes Payable/Short Term Debt 5.00 0.00 59.00 90.00 28.00
Current Portion of Long Term Debt/Capital Leases 0.34 40.32 0.32 0.33 0.31
Customer Advances 11.17 7.53 3.91 2.26 3.76
Income Taxes Payable 0.10 0.36 0.23 0.15 0.07
Deferred Income Tax - Current Liability 0.00 0.00 0.00 0.00 0.00
Discontinued Operations – Current Liability 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 13.51 14.91 21.91 20.06 17.26
Other Current liabilities, Total 24.77 22.80 26.05 22.47 21.09
Total Current Liabilities 116.00 146.59 156.66 177.94 123.51
Long Term Debt 481.00 376.59 321.04 320.98 320.90
Capital Lease Obligations 0.00 0.00 0.00 0.00 0.00
Total Long Term Debt 481.00 376.59 321.04 320.98 320.90
Total Debt 486.34 416.91 380.36 411.31 349.21
Deferred Income Tax - Long Term Liability 125.30 114.22 115.70 224.53 192.85
Deferred Income Tax 125.30 114.22 115.70 224.53 192.85
Pension Benefits - Underfunded 68.47 68.90 68.70 60.97 53.29
Other Long Term Liabilities 249.03 236.92 224.68 191.77 187.46
Other Liabilities, Total 317.50 305.82 293.39 252.74 240.76
Total Liabilities 1,039.80 943.21 886.79 976.20 878.01
Common Stock 255.57 253.69 529.95 494.30 245.02
Common Stock, Total 255.57 253.69 529.95 494.30 245.02
Retained Earnings (Accumulated Deficit) 345.96 304.53 0.00 0.00 220.92
Total Equity 601.53 558.22 529.95 494.30 465.95
Total Liabilities & Shareholders' Equity 1,641.33 1,501.43 1,416.73 1,470.49 1,343.96
Shares Outstanding – Common Stock Primary Issue 36.85 36.76 36.68 36.57 36.50
Total Common Shares Outstanding 36.85 36.76 36.68 36.57 36.50
Treasury Shares – Common Primary Issue 0.00 0.00 0.00 0.00 0.00
Employees 841.00 817.00 758.00 736.00 707.00
Number of Common Shareholders 2,135.00 2,204.00 2,300.00 2,400.00 2,434.00
Accumulated Intangible Amortization 0.00 0.00 0.00 0.00 0.00
Deferred Revenue - Current 11.17 7.53 3.91 2.26 3.76
Deferred Revenue - Long Term 63.99 66.31 67.47 69.72 68.04
Total Current Assets less Inventory 116.03 125.69 109.28 121.34 95.11
Quick Ratio 1.00 0.86 0.70 0.68 0.77
Current Ratio 1.06 0.90 0.99 0.94 1.07
Net Debt 485.01 409.77 380.15 410.88 344.85
Tangible Book Value 600.41 557.11 528.83 493.18 464.83
Tangible Book Value per Share 16.29 15.16 14.42 13.49 12.73
Total Long Term Debt, Supplemental 284.70 324.98 325.27 325.58 0.00
Long Term Debt Maturing within 1 Year 0.34 40.32 0.32 0.33 0.00
Long Term Debt Maturing in Year 2 0.37 0.35 40.32 0.33 0.00
Long Term Debt Maturing in Year 3 0.39 0.37 0.35 40.32 0.00
Long Term Debt Maturing in Year 4 0.41 0.39 0.37 0.35 0.00
Long Term Debt Maturing in Year 5 0.43 0.40 0.39 0.37 0.00
Long Term Debt Maturing in 2-3 Years 0.76 0.71 40.67 40.65 0.00
Long Term Debt Maturing in 4-5 Years 0.83 0.79 0.76 0.71 0.00
Long Term Debt Maturing in Year 6 & Beyond 282.77 283.15 283.52 283.89 0.00
Total Operating Leases 13.59 9.00 7.95 8.65 0.00
Operating Lease Payments Due in Year 1 2.71 2.82 2.25 2.45 0.00
Operating Lease Payments Due in Year 2 2.53 2.53 1.93 2.11 0.00
Operating Lease Payments Due in Year 3 2.22 1.50 1.72 1.68 0.00
Operating Lease Payments Due in Year 4 1.78 1.01 0.82 1.35 0.00
Operating Lease Payments Due in Year 5 1.50 0.55 0.89 0.34 0.00
Operating Lease Payments Due in 2-3 Years 4.75 4.03 3.65 3.79 0.00
Operating Lease Payments Due in 4-5 Years 3.28 1.55 1.71 1.69 0.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 2.85 0.61 0.34 0.72 0.00
Pension Obligation - Domestic 261.56 220.60 231.75 201.15 0.00
Post-Retirement Obligation 7.40 7.89 8.49 8.80 0.00
Plan Assets - Domestic 192.48 162.53 173.65 150.87 0.00
Plan Assets - Post-Retirement 11.27 10.01 11.05 10.54 0.00
Funded Status - Domestic -69.08 -58.07 -58.10 -50.28 0.00
Funded Status - Post-Retirement 3.88 2.12 2.56 1.74 0.00
Accumulated Obligation - Domestic 216.00 183.04 190.44 166.00 0.00
Accumulated Obligation - Post-Retirement 7.40 7.89 8.49 8.80 0.00
Unfunded Plan Obligations 29.70 24.52 24.06 20.78 0.00
Total Funded Status -94.91 -80.46 -79.60 -69.32 0.00
Discount Rate - Domestic 4.43 4.43 3.76 4.44 0.00
Discount Rate - Post-Retirement 4.20 4.20 3.52 3.97 0.00
Accrued Liabilities - Domestic -55.95 -45.75 -44.80 -67.42 0.00
Accrued Liabilities - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Other Assets, Net - Domestic 69.08 58.07 58.10 42.95 0.00
Other Assets, Net - Post-Retirement -3.88 -2.12 -2.56 -9.29 0.00
Net Assets Recognized on Balance Sheet 9.25 10.20 10.74 -33.77 0.00
Equity % - Domestic 56.00 53.00 57.00 57.00 0.00
Equity % - Post-Retirement 61.00 59.00 59.00 58.00 0.00
Debt Securities % - Domestic 39.00 43.00 39.00 38.00 0.00
Debt Securities % - Post-Retirement 38.00 39.00 37.00 39.00 0.00
Real Estate % - Domestic 0.00 4.00 4.00 5.00 0.00
Other Investments % - Domestic 5.00 0.00 0.00 0.00 0.00
Other Investments % - Post-Retirement 1.00 2.00 4.00 3.00 0.00
Total Plan Obligations 298.65 253.00 264.31 230.73 0.00
Total Plan Assets 203.75 172.54 184.70 161.41 0.00
For a more complete picture of our financial results, please review our SEC Filings

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