Annual Balance Sheet

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Cash & Equivalents 36.74 1.33 7.14 0.21 0.44
Cash and Short Term Investments 36.74 1.33 7.14 0.21 0.44
Accounts Receivable - Trade, Gross 38.44 24.92 27.45 35.42 23.91
Provision for Doubtful Accounts -5.32 -0.92 -0.95 -1.04 -0.76
Accounts Receivable - Trade, Net 67.18 62.18 70.21 38.10 31.61
Receivables - Other 0.10 5.69 2.16 4.74 17.87
Total Receivables, Net 67.28 67.87 72.37 42.84 49.48
Inventories - Raw Materials 8.62 6.43 5.78 4.80 4.29
Inventories - Other 0.00 0.00 0.00 41.39 41.25
Total Inventory 8.62 6.43 5.78 46.18 45.54
Prepaid Expenses 5.56 5.41 6.06 5.60 3.74
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00 0.00
Unbilled Utility Revenues 25.84 20.48 23.59 26.41 24.39
Other Current Assets 13.09 20.93 16.53 34.22 43.30
Other Current Assets, Total 38.92 41.41 40.12 60.63 67.69
Total Current Assets 157.12 122.46 131.47 155.46 166.88
Construction in Progress - Gross 150.15 119.55 78.06 63.84 63.35
Other Property/Plant/Equipment - Gross 11.15 13.17 0.00 0.00 0.00
Property/Plant/Equipment, Total - Gross 161.29 132.72 78.06 63.84 63.35
Property/Plant/Equipment, Total - Net 196.61 163.01 103.41 87.91 84.19
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 1,930.22 1,839.42 1,780.11 1,674.53 1,620.33
Utility Plant Accumulated Depreciation -568.33 -543.26 -561.86 -533.37 -532.75
Utility Plant, Net 1,361.90 1,296.16 1,218.26 1,141.16 1,087.57
Total Utility Plant, Net 1,361.90 1,296.16 1,218.26 1,141.16 1,087.57
Note Receivable - Long Term 60.82 50.89 41.86 0.00 0.00
Deferred Income Tax - Long Term Asset 0.00 0.00 0.00 0.00 0.00
Other Long Term Assets 14.05 7.70 5.32 31.09 130.74
Other Long Term Assets, Total 14.05 7.70 5.32 31.09 130.74
Total Assets 1,791.60 1,641.33 1,501.43 1,416.73 1,470.49
Accounts Payable 63.79 55.62 59.53 50.98 43.72
Accrued Expenses 33.87 30.26 23.94 20.31 21.42
Notes Payable/Short Term Debt 0.00 5.00 0.00 59.00 90.00
Current Portion of Long Term Debt/Capital Leases 0.36 0.34 40.32 0.32 0.33
Customer Advances 1.80 11.17 7.53 3.91 2.26
Income Taxes Payable 6.78 0.10 0.36 0.23 0.15
Other Current Liabilities 11.97 13.51 14.91 21.91 20.06
Other Current liabilities, Total 20.56 24.77 22.80 26.05 22.47
Total Current Liabilities 118.57 116.00 146.59 156.66 177.94
Long Term Debt 574.55 481.00 376.59 321.04 320.98
Capital Lease Obligations 0.00 0.00 0.00 0.00 0.00
Total Long Term Debt 574.55 481.00 376.59 321.04 320.98
Total Debt 574.91 486.34 416.91 380.36 411.31
Deferred Income Tax - Long Term Liability 131.17 125.30 114.22 115.70 224.53
Deferred Income Tax 131.17 125.30 114.22 115.70 224.53
Pension Benefits - Underfunded 111.07 68.47 68.90 68.70 60.97
Other Long Term Liabilities 214.57 249.03 236.92 224.68 191.77
Other Liabilities, Total 325.64 317.50 305.82 293.39 252.74
Total Liabilities 1,149.93 1,039.80 943.21 886.79 976.20
Common Stock 256.67 255.57 253.69 529.95 494.30
Common Stock, Total 256.67 255.57 253.69 529.95 494.30
Retained Earnings (Accumulated Deficit) 385.01 345.96 304.53 0.00 0.00
Total Equity 641.67 601.53 558.22 529.95 494.30
Total Liabilities & Shareholders' Equity 1,791.60 1,641.33 1,501.43 1,416.73 1,470.49
Shares Outstanding – Common Stock Primary Issue 36.89 36.85 36.76 36.68 36.57
Total Common Shares Outstanding 36.89 36.85 36.76 36.68 36.57
Treasury Shares – Common Primary Issue 0.00 0.00 0.00 0.00 0.00
Employees 841.00 841.00 817.00 758.00 736.00
Number of Common Shareholders 2,081.00 2,135.00 2,204.00 2,300.00 2,400.00
Accumulated Intangible Amortization 0.00 0.00 0.00 0.00 0.00
Deferred Revenue - Current 1.80 11.17 7.53 3.91 2.26
Deferred Revenue - Long Term 63.37 63.99 66.31 67.47 69.72
Total Current Assets less Inventory 148.50 116.03 125.69 109.28 121.34
Quick Ratio 1.25 1.00 0.86 0.70 0.68
Current Ratio 1.33 1.06 0.90 0.99 0.94
Net Debt 538.17 485.01 409.77 380.15 410.88
Tangible Book Value 640.56 600.41 557.11 528.83 493.18
Tangible Book Value per Share 17.36 16.29 15.16 14.42 13.49
Total Long Term Debt, Supplemental 444.27 284.70 324.98 325.27 325.58
Long Term Debt Maturing within 1 Year 0.36 0.34 40.32 0.32 0.33
Long Term Debt Maturing in Year 2 0.38 0.37 0.35 40.32 0.33
Long Term Debt Maturing in Year 3 0.41 0.39 0.37 0.35 40.32
Long Term Debt Maturing in Year 4 0.43 0.41 0.39 0.37 0.35
Long Term Debt Maturing in Year 5 0.45 0.43 0.40 0.39 0.37
Long Term Debt Maturing in 2-3 Years 0.79 0.76 0.71 40.67 40.65
Long Term Debt Maturing in 4-5 Years 0.88 0.83 0.79 0.76 0.71
Long Term Debt Maturing in Year 6 & Beyond 442.25 282.77 283.15 283.52 283.89
Total Operating Leases 11.65 13.59 9.00 7.95 8.65
Operating Lease Payments Due in Year 1 2.56 2.71 2.82 2.25 2.45
Operating Lease Payments Due in Year 2 2.32 2.53 2.53 1.93 2.11
Operating Lease Payments Due in Year 3 1.83 2.22 1.50 1.72 1.68
Operating Lease Payments Due in Year 4 1.50 1.78 1.01 0.82 1.35
Operating Lease Payments Due in Year 5 1.32 1.50 0.55 0.89 0.34
Operating Lease Payments Due in 2-3 Years 4.14 4.75 4.03 3.65 3.79
Operating Lease Payments Due in 4-5 Years 2.83 3.28 1.55 1.71 1.69
Standardized Operating Lease Payments Due in Year 6 and Beyond 2.12 2.85 0.61 0.34 0.72
Pension Obligation - Domestic 309.39 261.56 220.60 231.75 201.15
Post-Retirement Obligation 5.91 7.40 7.89 8.49 8.80
Plan Assets - Domestic 213.15 192.48 162.53 173.65 150.87
Plan Assets - Post-Retirement 12.31 11.27 10.01 11.05 10.54
Funded Status - Domestic -96.24 -69.08 -58.07 -58.10 -50.28
Funded Status - Post-Retirement 6.41 3.88 2.12 2.56 1.74
Accumulated Obligation - Domestic 253.11 216.00 183.04 190.44 166.00
Accumulated Obligation - Post-Retirement 5.91 7.40 7.89 8.49 8.80
Unfunded Plan Obligations 36.60 29.70 24.52 24.06 20.78
Total Funded Status -126.44 -94.91 -80.46 -79.60 -69.32
Discount Rate - Domestic 3.43 4.43 4.43 3.76 4.44
Discount Rate - Post-Retirement 3.12 4.20 4.20 3.52 3.97
Expected Rate of Return - Domestic 6.25 0.00 0.00 0.00 0.00
Accrued Liabilities - Domestic -67.03 -55.95 -45.75 -44.80 -67.42
Accrued Liabilities - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Other Assets, Net - Domestic 96.24 69.08 58.07 58.10 42.95
Other Assets, Net - Post-Retirement -6.41 -3.88 -2.12 -2.56 -9.29
Net Assets Recognized on Balance Sheet 22.80 9.25 10.20 10.74 -33.77
Equity % - Domestic 59.00 56.00 53.00 57.00 57.00
Equity % - Post-Retirement 63.00 61.00 59.00 59.00 58.00
Debt Securities % - Domestic 36.00 39.00 43.00 39.00 38.00
Debt Securities % - Post-Retirement 36.00 38.00 39.00 37.00 39.00
Real Estate % - Domestic 0.00 0.00 4.00 4.00 5.00
Other Investments % - Domestic 5.00 5.00 0.00 0.00 0.00
Other Investments % - Post-Retirement 1.00 1.00 2.00 4.00 3.00
Total Plan Obligations 351.90 298.65 253.00 264.31 230.73
Total Plan Assets 225.46 203.75 172.54 184.70 161.41
For a more complete picture of our financial results, please review our SEC Filings

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