Middlesex Water Company
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Middlesex Water Company generated cash of $52,782,000, which is less than the previous year. Cash used in financing activities reached the amount of $35,959,000 last year. Net change in cash is therefore -$1,438,000.
Cash Flow
| 2014 | 32.57M | -21.83M | -12.89M |
|---|---|---|---|
| 2015 | 51.21M | -24.38M | -26.03M |
| 2016 | 47.07M | -47.37M | 714K |
| 2017 | 42.84M | -51.32M | 9.53M |
| 2018 | 45.86M | -72.09M | 25.49M |
| 2019 | 36.05M | -89.12M | 93.91M |
| 2020 | 53.35M | -105.61M | 16.16M |
| 2021 | 33.02M | -79.37M | 39.47M |
| 2022 | 61.36M | -88.21M | 27.14M |
| 2023 | 52.78M | -90.17M | 35.95M |
MSEX Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 3.82M | 3.53M | 10.40M | 46.49M | 5.66M | 6.39M | 3.87M | 3.46M | 2.67M | 4.83M |
Operating activities | ||||||||||
Net income | 31.52M | 42.42M | 36.54M | 38.42M | 33.88M | 32.45M | 22.80M | 22.74M | 20.02M | 18.44M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 29.44M | 27.47M | 26.79M | 20.83M | 17.23M | 15.78M | 14.84M | 13.53M | 13.08M | 12.19M |
Stock-based compensation expense | 2.21M | 1.63M | 1.33M | 1.09M | 637K | 1.08M | 840K | 829K | 633K | 539K |
| Deferred income tax benefit | 2.21M | 1.63M | 1.33M | 1.09M | 637K | 1.08M | 840K | 829K | 633K | 539K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -2.79M | -707K | -742K | -2.66M | -146K | -977K | -656K | -69K | -48K | 1.95M |
Inventories | -795K | -819K | -246K | 333K | -34K | -1.29M | -24K | -1.49M | -347K | -269K |
Accounts payable | 2.77M | 3.72M | -9.31M | 7.13M | 3.98M | 5.39M | 1.58M | 5.81M | 171K | 26K |
Cash generated by operating activities | 52.78M | 61.36M | 33.02M | 53.35M | 36.05M | 45.86M | 42.84M | 47.07M | 51.21M | 32.57M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -90.17M | -91.33M | -79.37M | -105.61M | -89.12M | -72.09M | -50.30M | -47.37M | -25.77M | -22.59M |
Acquisitions Net | 0 | 3.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 857K |
Cash generated by investing activities | -90.17M | -88.21M | -79.37M | -105.61M | -89.12M | -72.09M | -51.32M | -47.37M | -24.38M | -21.83M |
Financing activities | ||||||||||
Common Stock Issued | 12.11M | 10.33M | 3.83M | 1.23M | 56.78M | 1.15M | 1.23M | 1.45M | 1.46M | 0 |
Payments for dividends | -22.56M | -20.93M | -19.49M | -18.29M | -16.29M | -15.07M | -14.14M | -13.28M | -12.69M | -12.38M |
Repurchases of common stock | 0 | 0 | 0 | 32.31M | 0 | 42.57M | 0 | 17.58M | 0 | 0 |
Repayments of term debt | 45.59M | 37.73M | -33.90M | -7.47M | 50.20M | -7.02M | 21.36M | -5.89M | 716K | 6.76M |
Cash used in financing activities | 35.95M | 27.14M | 39.47M | 16.16M | 93.91M | 25.49M | 9.53M | 714K | -26.03M | -12.89M |
Net Change In Cash | -1.43M | 295K | -6.87M | -36.09M | 40.83M | -736K | 1.05M | 410K | 796K | -2.16M |
Cash at end of period | 2.39M | 3.82M | 3.53M | 10.40M | 46.49M | 5.66M | 4.93M | 3.87M | 3.46M | 2.67M |
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