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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Utility plant, at original cost less accumulated depreciation $ 498,678 $ 460,502
Current assets    
Cash and cash equivalents 293 952
Accounts receivable (less allowance for doubtful accounts 2018 - $232; 2017-$288) 8,159 8,897
Income tax receivable 772 2,353
Unbilled operating revenues 1,441 1,427
Materials and supplies 1,459 1,519
Prepaid property taxes 1,870 1,795
Prepaid expenses and other 2,124 2,042
Total current assets 16,118 18,985
Other assets    
Non utility property (less accumulated depreciation 2018-$734; 2017-$689) 3,849 3,882
Other deferred assets 3,931 3,721
Total other assets 7,780 7,603
Regulatory assets, net 7,254 7,549
Total assets 529,830 494,639
Stockholders' equity    
Common stock 9,250 9,215
Preferred stock 0 0
Additional paid-in capital 100,639 99,526
Retained earnings 43,362 37,903
Total stockholders' equity 153,251 146,644
Long-term debt, net of current portion 115,862 105,587
Total stockholders' equity and long-term debt 269,113 252,231
Current liabilities    
Lines of credit 15,942 9,610
Current portion of long-term debt 1,725 1,344
Accounts payable 8,187 8,853
Accrued expenses 3,902 2,888
Overdraft payable 117 304
Accrued interest 784 1,805
Customer deposits 1,044 969
Revenue reserved for refund 3,298 0
Other 2,732 2,688
Total current liabilities 37,731 28,461
Commitments and contingencies (Note 11)
Deferred credits and other liabilities    
Net advances for construction 6,596 7,797
Regulatory liabilities 22,813 23,201
Deferred investment tax credits 508 526
Deferred income taxes 55,054 54,137
Total deferred credits and other liabilities 84,971 85,661
Net contributions in aid of construction 138,015 128,286
Liabilities and stockholders' equity $ 529,830 $ 494,639