XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
UTILITY PLANT, at original cost $ 508,342 $ 485,750
Plant acquisition adjustments (3,603) (3,637)
Accumulated depreciation (102,870) (99,204)
Net utility plant 401,869 382,909
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $495 in 2022 and $483 in 2021 711 717
CURRENT ASSETS:    
Cash and cash equivalents 2,644 1
Accounts receivable, net of reserves of $824 in 2022 and $855 in 2021 5,270 4,634
Unbilled revenues 3,014 2,784
Recoverable income taxes 895 894
Materials and supplies inventories, at cost 2,337 1,917
Prepaid expenses 1,446 1,032
Total current assets 15,606 11,262
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 16,139 14,054
Note receivable 255 255
Deferred regulatory assets 47,910 45,280
Other assets 4,493 4,376
Total other long-term assets 68,797 63,965
Total Assets 486,983 458,853
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,264,763 shares in 2022 and 13,112,948 shares in 2021 133,239 88,230
Retained earnings 67,945 64,392
Total common stockholders' equity 201,184 152,622
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 109,637 138,869
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 7,500 7,500
Accounts payable 9,138 6,712
Dividends payable 2,522 2,293
Accrued compensation and benefits 1,531 1,575
Accrued interest 966 959
Deferred regulatory liabilities 594 607
Other accrued expenses 382 440
Total current liabilities 22,633 20,086
DEFERRED CREDITS:    
Customers' advances for construction 14,777 12,820
Deferred income taxes 53,158 49,590
Deferred employee benefits 4,575 4,530
Deferred regulatory liabilities 38,010 36,374
Other deferred credits 1,135 2,086
Total deferred credits 111,655 105,400
Contributions in aid of construction 41,874 41,876
Total Stockholders' Equity and Liabilities $ 486,983 $ 458,853