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Business Segment Data
 3 Months Ended
Mar. 31, 2013
Business Segment Data  
Business Segment Data

Note 5 – Business Segment Data

 

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

 

   (In Thousands)
   Three Months Ended
March 31,
Operations by Segments:  2013  2012
Revenues:          
   Regulated  $23,424   $20,858 
   Non – Regulated   3,736    2,758 
Inter-segment Elimination   (122)   (70)
Consolidated Revenues  $27,038   $23,546 
           
Operating Income:          
   Regulated  $5,338   $3,503 
   Non – Regulated   527    374 
Consolidated Operating Income  $5,865   $3,877 
           
Net Income:          
   Regulated  $2,910   $1,587 
   Non – Regulated   267    220 
Consolidated Net Income  $3,177   $1,807 
           
Capital Expenditures:          
   Regulated  $4,401   $6,039 
   Non – Regulated   105    394 
Total Capital Expenditures  $4,506   $6,433 

 

  

 

As of

March 31,

2013

 

 

As of

December 31,

2012

Assets:          
   Regulated  $545,108   $560,165 
   Non – Regulated   11,089    11,674 
Inter-segment Elimination   (10,053)   (10,113)
Consolidated Assets  $546,144   $561,726