MSEXP: the balance sheet

MyFinsight

For the year ending 2025-12-31, MSEXP has $1,365,737K in assets. $2,800K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Water production	328,496
Transmission and distribution	938,118
General	111,325
Construction work in progress	44,400
Total	1,422,339
Less accumulated depreciation	275,132
Utility plant - net	1,147,207
Cash and cash equivalents	2,800
Accounts receivable, net of allowance for credit losses of 1,625 and 2,695, respectively in 2025 and 2024	19,213
Unbilled revenues	9,361
Materials and supplies (at average cost)	7,549
Prepayments	2,843
Total current assets	41,766
Operating lease right of use asset	1,972
Regulatory assets	110,284
Restricted cash	1,675
Non-utility assets - net	12,354
Employee benefit plans	44,328
Other	6,151
Total other assets	176,764
Total assets	1,365,737

Common stock, no par value, authorized 40,000, 18,521 and 17,887 outstanding in 2025 and 2024, respectively	279,148
Retained earnings	214,883
Total common stockholders equity	494,031
Preferred stock, no par value, authorized 120, 13 and 16 outstanding in 2025 and 2024, respectively	1,343
Long-term debt	378,874
Total capitalization	874,248
Current portion of long-term debt	7,850
Notes payable	28,250
Accounts payable	31,326
Accrued taxes	15,992
Accrued interest	3,311
Unearned revenues and advanced service fees	497
Other	6,569
Total current liabilities	93,795
Advances for construction	25,519
Lease obligations	1,838
Accumulated deferred income taxes	110,475
Regulatory liabilities	68,437
Other	229
Total other liabilities	206,498
Contributions in aid of construction	191,196
Total capitalization and liabilities	1,365,737

Unit: Thousand (K) dollars