$ARTNA
ARTESIAN RESOURCES CORP

2020 Q4 Form 10-K Financial Statement

#000086311021000005 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $21.75M $24.74M $21.75M
YoY Change 3.54% 9.7% 5.33%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.860M $2.830M $2.693M
YoY Change 6.72% 5.64% -1.14%
% of Gross Profit
Operating Expenses $15.91M $16.08M $15.63M
YoY Change 4.4% -4.39% 1.93%
Operating Profit $6.124M
YoY Change 15.11%
Interest Expense -$1.930M -$1.910M $1.883M
YoY Change 7.82% -208.22% 7.6%
% of Operating Profit 30.75%
Other Income/Expense, Net $200.0K $110.0K -$13.00K
YoY Change -31.03% -250.68% -77.59%
Pretax Income $4.120M $6.850M $6.449M
YoY Change -3.74% 10.08% 16.66%
Income Tax $1.000M $1.780M $1.537M
% Of Pretax Income 24.27% 25.99% 23.83%
Net Earnings $3.110M $5.063M $4.566M
YoY Change 0.32% 13.57% 20.86%
Net Earnings / Revenue 14.3% 20.47% 20.99%
Basic Earnings Per Share $0.33 $0.54 $0.49
Diluted Earnings Per Share $0.33 $0.54 $0.49
COMMON SHARES
Basic Shares Outstanding 9.338M 9.326M
Diluted Shares Outstanding 9.377M 9.367M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $200.0K $400.0K
YoY Change -100.0% -60.0% 100.0%
Cash & Equivalents $28.00K $249.0K $373.0K
Short-Term Investments
Other Short-Term Assets $5.300M $6.600M $4.500M
YoY Change -1.85% 4.76% 0.0%
Inventory $1.500M $1.500M $1.500M
Prepaid Expenses
Receivables $10.16M $9.200M $8.191M
Other Receivables $600.0K $300.0K $0.00
Total Short-Term Assets $17.62M $17.90M $14.50M
YoY Change 24.02% 20.5% 35.35%
LONG-TERM ASSETS
Property, Plant & Equipment $3.796M $557.7M $3.774M
YoY Change -0.42% 14503.3% -1.36%
Goodwill $623.0K $623.0K $1.220M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.309M $5.328M $5.884M
YoY Change 24.71% 26.71% 37.28%
Total Long-Term Assets $575.6M $569.5M $561.4M
YoY Change 5.39% 6.63% 6.37%
TOTAL ASSETS
Total Short-Term Assets $17.62M $17.90M $14.50M
Total Long-Term Assets $575.6M $569.5M $561.4M
Total Assets $593.2M $587.4M $575.9M
YoY Change 5.86% 7.01% 6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.341M $4.400M $4.853M
YoY Change -22.44% -11.11% 10.0%
Accrued Expenses $3.414M $5.900M $3.003M
YoY Change 9.67% 130.38% 20.22%
Deferred Revenue $2.060M $2.011M
YoY Change 4.57% 89.18%
Short-Term Debt $26.90M $23.80M $14.90M
YoY Change 258.67% -24.92% -43.77%
Long-Term Debt Due $1.757M $1.800M $1.800M
YoY Change 2.99% 5.88% 0.0%
Total Short-Term Liabilities $43.72M $43.60M $36.47M
YoY Change 70.8% -13.23% -16.63%
LONG-TERM LIABILITIES
Long-Term Debt $142.3M $142.7M $143.2M
YoY Change -1.26% 24.57% 24.53%
Other Long-Term Liabilities $187.4M $184.9M $182.8M
YoY Change 5.22% 6.26% 6.34%
Total Long-Term Liabilities $77.48M $327.6M $78.45M
YoY Change -4.19% 297.36% -5.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.72M $43.60M $36.47M
Total Long-Term Liabilities $77.48M $327.6M $78.45M
Total Liabilities $121.2M $421.6M $114.9M
YoY Change 13.84% 217.73% -9.35%
SHAREHOLDERS EQUITY
Retained Earnings $56.61M $50.83M
YoY Change 15.13% 15.72%
Common Stock $9.357M $9.333M
YoY Change 0.7% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.4M $165.9M $162.9M
YoY Change
Total Liabilities & Shareholders Equity $593.2M $587.4M $575.9M
YoY Change 5.86% 7.01% 6.94%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $3.110M $5.063M $4.566M
YoY Change 0.32% 13.57% 20.86%
Depreciation, Depletion And Amortization $2.860M $2.830M $2.693M
YoY Change 6.72% 5.64% -1.14%
Cash From Operating Activities $6.060M $2.460M $4.710M
YoY Change 6.13% -41.84% 265.12%
INVESTING ACTIVITIES
Capital Expenditures -$8.320M -$9.010M -$7.740M
YoY Change -37.63% -2.38% -14.1%
Acquisitions
YoY Change
Other Investing Activities $10.00K -$2.110M -$3.630M
YoY Change 0.0% -12200.0%
Cash From Investing Activities -$8.300M -$11.12M -$11.37M
YoY Change -37.73% 20.48% 26.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.030M 8.530M 6.700M
YoY Change -73.84% 62.17% -12.07%
NET CHANGE
Cash From Operating Activities 6.060M 2.460M 4.710M
Cash From Investing Activities -8.300M -11.12M -11.37M
Cash From Financing Activities 2.030M 8.530M 6.700M
Net Change In Cash -210.0K -130.0K 40.00K
YoY Change -250.0% -150.0% -150.0%
FREE CASH FLOW
Cash From Operating Activities $6.060M $2.460M $4.710M
Capital Expenditures -$8.320M -$9.010M -$7.740M
Free Cash Flow $14.38M $11.47M $12.45M
YoY Change -24.51% -14.78% 20.87%

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CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
39000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
40000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
866000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1096000
CY2020Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
3881000
CY2020Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
57000
CY2020Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
57000
CY2020Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
28000
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
4023000
CY2020Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
19901000
CY2019Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
19386000
CY2020Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
24737000
CY2019Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
22549000
CY2020Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
21751000
CY2019Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
21008000
CY2020Q1 us-gaap Other Operating Income
OtherOperatingIncome
4462000
CY2019Q1 us-gaap Other Operating Income
OtherOperatingIncome
4284000
CY2020Q2 us-gaap Other Operating Income
OtherOperatingIncome
6124000
CY2019Q2 us-gaap Other Operating Income
OtherOperatingIncome
5320000
CY2020Q3 us-gaap Other Operating Income
OtherOperatingIncome
6869000
CY2019Q3 us-gaap Other Operating Income
OtherOperatingIncome
5730000
CY2020Q4 us-gaap Other Operating Income
OtherOperatingIncome
4840000
CY2019Q4 us-gaap Other Operating Income
OtherOperatingIncome
4591000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4074000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3590000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4566000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3778000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5063000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4458000
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3114000
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3099000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2020Q4 artna Increase In Reserve For Bad Debt
IncreaseInReserveForBadDebt
500000

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artna-20201231_cal.xml Edgar Link unprocessable
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