XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 23,757 $ 19,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,746 10,139
Stock-based compensation 300 279
Increase in deferred income taxes 530 4
Other (1,114) (54)
Changes in assets and liabilities:    
Increase in accounts receivable and unbilled revenues (1,868) (3,005)
Decrease in recoverable income taxes 550 12
Increase in materials and supplies, prepaid expenses, prepaid pension cost, regulatory and other assets (9,512) (537)
Increase (decrease) in accounts payable, accrued compensation and benefits, accrued expenses, deferred employee benefits, regulatory liabilities, and other deferred credits 6,743 (4,406)
Increase in accrued interest 776 6
Net cash provided by operating activities 31,908 22,018
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility plant additions, including debt portion of allowance for funds used during construction of $2,321 in 2023 and $839 in 2022 (64,640) (50,532)
Acquisitions of water and wastewater systems (625) (3,388)
Net cash used in investing activities (65,265) (53,920)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Customers' advances for construction and contributions in aid of construction 5,064 3,488
Repayments of customer advances (505) (972)
Proceeds of long-term debt issues 104,681 54,378
Debt issuance costs (171) 0
Repayments of long-term debt (64,148) (61,458)
Changes in cash overdraft position (1,628) 1,429
Issuance of common stock 1,654 45,711
Dividends paid (11,590) (10,674)
Net cash provided by financing activities 33,357 31,902
Net change in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 1 1
Cash and cash equivalents at end of period 1 1
Cash paid during the period for:    
Interest, net of amounts capitalized $ 3,727 $ 4,041