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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Utility plant, at original cost (less accumulated depreciation - 2022 - $168,815; 2021 - $159,385) $ 618,424 $ 590,431
Current assets    
Cash and cash equivalents 478 92
Accounts receivable (less allowance for doubtful accounts - 2022 - $444; 2021 - $590) 6,440 8,367
Income tax receivable 977 2,234
Unbilled operating revenues 1,504 1,080
Materials and supplies 2,852 1,933
Prepaid property taxes 1,057 2,306
Prepaid expenses and other 2,328 2,652
Total current assets 15,636 18,664
Other assets    
Non-utility property (less accumulated depreciation - 2022- $938; 2021 - $919) 3,756 3,751
Other deferred assets 8,134 5,097
Operating lease right of use assets 446 451
Total other assets 12,336 9,299
Regulatory assets, net 6,362 6,321
Total Assets 652,758 624,715
Stockholders' equity    
Common stock 9,438 9,414
Preferred stock 0 0
Additional paid-in capital 105,551 104,989
Retained earnings 65,572 63,607
Total stockholders' equity 180,561 178,010
Long-term debt, net of current portion 142,908 143,259
Total stockholders' equity and long term debt 323,469 321,269
Current liabilities    
Lines of credit 27,409 26,703
Current portion of long-term debt 1,563 1,591
Accounts payable 12,441 10,206
Accrued expenses 4,282 4,038
Overdraft payable 133 30
Accrued interest 1,339 917
Income taxes payable 244 0
Customer and other deposits 2,372 2,273
Other 2,141 1,448
Total current liabilities 51,924 47,206
Commitments and contingencies (Note 11)
Deferred credits and other liabilities    
Net advances for construction 4,310 4,295
Operating lease liabilities 440 440
Regulatory liabilities 21,732 21,260
Deferred investment tax credits 451 456
Deferred income taxes 53,370 53,133
Total deferred credits and other liabilities 80,303 79,584
Net contributions in aid of construction 197,062 176,656
Total Liabilities and Stockholders' Equity $ 652,758 $ 624,715