MSEXP: the cashflow

MyFinsight

The latest financial statement is for the year ending 2025-12-31.

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

Cash Flow	2025-12-31
Net income	42,822
Depreciation and amortization	32,495
Provision for deferred income taxes and investment tax credits	-5,234
Equity portion of allowance for funds used during construction (afudc)	977
Cash surrender value of life insurance	296
Stock compensation expense	1,237
Accounts receivable	371
Unbilled revenues	-1,403
Materials and supplies	830
Prepayments	421
Accounts payable	1,296
Accrued taxes	4,016
Accrued interest	395
Employee benefit plans	-5,380
Unearned revenue and advanced service fees	-979
Recovered costs litigation settlement	0
Other assets and liabilities	6,580
Net cash provided by operating activities	62,596
Utility plant expenditures, including afudc-debt of 641 in 2025, 511 in 2024 and 975 in 2023	96,354
Acquisition of water systems	4,607
Net cash used in investing activities	-100,961
Redemption of long-term debt	7,317
Proceeds from issuance of long-term debt	33,615
Net short-term bank borrowings	5,250
Proceeds from litigation settlement, net	0
Deferred debt issuance expense	142
Common stock issuance expense	667
Payment of grantee withholding taxes in exchange for restricted stock	371
Proceeds from issuance of common stock	30,454
Payment of common dividends	24,924
Payment of preferred dividends	76
Construction advances and contributions-net	2,792
Net cash provided by financing activities	38,614
Net changes in cash, cash equivalents and restricted cash	249
Cash, cash equivalents and restricted cash at beginning of period	4,226
Cash, cash equivalents and restricted cash at end of period	4,475

Unit: Thousand (K) dollars