| Cash Flow | 2025-09-30 |
|---|---|
| Net income | 34,217 |
| Depreciation and amortization | 23,988 |
| Provision for deferred income taxes and investment tax credits | -4,361 |
| Equity portion of allowance for funds used during construction (afudc) | 735 |
| Cash surrender value of life insurance | 134 |
| Stock compensation expense | 1,119 |
| Accounts receivable | 3,896 |
| Unbilled revenues | 223 |
| Materials & supplies | 590 |
| Prepayments | 2,762 |
| Accounts payable | 2,300 |
| Accrued taxes | 3,564 |
| Accrued interest | -362 |
| Employee benefit plans | -4,024 |
| Recovered costs-environmental litigation settlement | 0 |
| Other assets and liabilities | 3,967 |
| Net cash provided by operating activities | 44,134 |
| Utility plant expenditures, including afudc-debt of 483 in 2025 and 322 in 2024 | 71,642 |
| Acquisition of water systems | 4,607 |
| Net cash used in investing activities | -76,249 |
| Redemption of long-term debt | 6,330 |
| Proceeds from issuance of long-term debt | 3,603 |
| Net short-term bank borrowings | 32,000 |
| Proceeds from litigation settlement, net | 0 |
| Deferred debt issuance expense | 36 |
| Common stock issuance expense | 871 |
| Payment of grantee withholding taxes in exchange for restricted stock | 379 |
| Proceeds from issuance of common stock | 21,281 |
| Payment of common dividends | 18,307 |
| Payment of preferred dividends | 59 |
| Construction advances and contributions-net | 2,046 |
| Net cash provided by financing activities | 32,948 |
| Net changes in cash, cash equivalents and restricted cash | 833 |
| Cash and cash equivalents at beginning of period | 4,226 |
| Cash and cash equivalents at end of period | 5,059 |
MIDDLESEX WATER CO (MSEXP)
MIDDLESEX WATER CO (MSEXP)