Middlesex Water Company
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Middlesex Water Company's past years’ income statements indicate that its last revenue has increased compared to the previous period by 2% to $166,274,000. Profit margin reached 19%. Total operating expenses were $43,938,000.
Profit Margin
| 2014 | 117.13M | 18.44M | 15.75% |
|---|---|---|---|
| 2015 | 126.02M | 20.02M | 15.89% |
| 2016 | 132.90M | 22.74M | 17.11% |
| 2017 | 130.77M | 22.80M | 17.44% |
| 2018 | 138.07M | 32.45M | 23.5% |
| 2019 | 134.59M | 33.88M | 25.18% |
| 2020 | 141.59M | 38.42M | 27.14% |
| 2021 | 143.14M | 36.54M | 25.53% |
| 2022 | 162.43M | 42.42M | 26.12% |
| 2023 | 166.27M | 31.52M | 18.96% |
MSEX Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 166.27M | 162.43M | 143.14M | 141.59M | 134.59M | 138.07M | 130.77M | 132.90M | 126.02M | 117.13M |
Cost of revenue | 83.11M | 79.09M | 73.67M | 70.79M | 67.98M | 71.57M | 64.66M | 65.53M | 65.16M | 59.12M |
Gross profit | 83.16M | 83.33M | 69.47M | 70.79M | 66.61M | 66.50M | 66.10M | 67.37M | 60.85M | 58.01M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 43.93M | 38.92M | 36.25M | 29.36M | 31.09M | 29.36M | 27.48M | 26.74M | 25.01M | 23.30M |
Operating income | 39.22M | 47.33M | 33.21M | 37.42M | 35.52M | 37.14M | 38.62M | 40.63M | 35.84M | 34.39M |
Other income (expenses), net | -6.65M | -1.66M | -2.15M | -3.11M | -4.77M | 1.63M | -3.88M | -1.48M | -5.26M | -6.01M |
Income before tax | 32.56M | 45.66M | 31.05M | 34.30M | 30.74M | 33.37M | 33.90M | 34.47M | 30.57M | 28.38M |
Income tax expense | 1.04M | 3.24M | -5.48M | -4.11M | -3.14M | 924K | 11.1M | 11.73M | 10.55M | 9.93M |
Net income | 31.52M | 42.42M | 36.54M | 38.42M | 33.88M | 32.45M | 22.80M | 22.74M | 20.02M | 18.44M |
Earnings per share | ||||||||||
Basic EPS | 1.77 | 2.4 | 2.08 | 2.19 | 2.02 | 1.98 | 1.39 | 1.39 | 1.23 | 1.14 |
Diluted EPS | 1.76 | 2.39 | 2.07 | 2.18 | 2.01 | 1.96 | 1.38 | 1.38 | 1.22 | 1.13 |
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