XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income $ 591 $ 691
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,328 2,934
Share-based compensation 174 275
Deferred income tax expense 183 252
Operating lease expense 108 90
Other adjustments (224) 36
Changes in assets and liabilities    
Accounts receivable and other current assets 1,967 714
Accounts payable and other current liabilities 1,405 1,380
Other noncurrent assets (67) (17)
Other noncurrent liabilities 12 1,713
Net cash provided by operating activities 7,477 8,068
Cash Flows from Investing Activities:    
Capital expenditures (15,216) (5,761)
Other cash flows used in investing activities 0 (4)
Net cash used in investing activities (15,216) (5,765)
Cash Flows from Financing Activities:    
Dividends paid (1,841) (1,819)
Advances and contributions in aid of construction 725 372
Line of credit repayments 0 (2,315)
Loan borrowings 0 20,000
Issuance of common stock, net of issuance costs 31,041 0
Financing costs of debt and equity transactions (34) (370)
Other financing activities (133) (62)
Net cash provided by financing activities 29,758 15,806
Increase in cash, cash equivalents, and restricted cash 22,019 18,109
Cash, cash equivalents, and restricted cash — Beginning of period 11,156 4,763
Cash, cash equivalents, and restricted cash — End of period 33,175 22,872
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 31,467 20,655
Restricted cash 1,708 2,217
Total cash, cash equivalents, and restricted cash $ 33,175 $ 22,872