$ARTNA
ARTESIAN RESOURCES CORP

2021 Q3 Form 10-Q Financial Statement

#000086311021000035 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $24.99M $24.74M $21.75M
YoY Change 1.01% 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 $2.970M $2.830M $2.693M
YoY Change 4.95% 5.64% -1.14%
% of Gross Profit
Operating Expenses $16.31M $16.08M $15.63M
YoY Change 1.4% -4.39% 1.93%
Operating Profit $6.898M $6.124M
YoY Change 15.11%
Interest Expense -$1.910M -$1.910M $1.883M
YoY Change 0.0% -208.22% 7.6%
% of Operating Profit -27.69% 30.75%
Other Income/Expense, Net -$44.00K $110.0K -$13.00K
YoY Change -140.0% -250.68% -77.59%
Pretax Income $6.840M $6.850M $6.449M
YoY Change -0.15% 10.08% 16.66%
Income Tax $1.784M $1.780M $1.537M
% Of Pretax Income 26.08% 25.99% 23.83%
Net Earnings $5.056M $5.063M $4.566M
YoY Change -0.14% 13.57% 20.86%
Net Earnings / Revenue 20.23% 20.47% 20.99%
Basic Earnings Per Share $0.54 $0.54 $0.49
Diluted Earnings Per Share $536.0K $0.54 $0.49
COMMON SHARES
Basic Shares Outstanding 9.404M 9.338M 9.326M
Diluted Shares Outstanding 9.432M 9.377M 9.367M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $610.0K $200.0K $400.0K
YoY Change 205.0% -60.0% 100.0%
Cash & Equivalents $610.0K $249.0K $373.0K
Short-Term Investments
Other Short-Term Assets $7.274M $6.600M $4.500M
YoY Change 10.21% 4.76% 0.0%
Inventory $1.666M $1.500M $1.500M
Prepaid Expenses
Receivables $9.592M $9.200M $8.191M
Other Receivables $60.00K $300.0K $0.00
Total Short-Term Assets $19.20M $17.90M $14.50M
YoY Change 7.27% 20.5% 35.35%
LONG-TERM ASSETS
Property, Plant & Equipment $585.8M $557.7M $3.774M
YoY Change 5.03% 14503.3% -1.36%
Goodwill $0.00 $623.0K $1.220M
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.22M $5.328M $5.884M
YoY Change 110.49% 26.71% 37.28%
Total Long-Term Assets $597.2M $569.5M $561.4M
YoY Change 4.87% 6.63% 6.37%
TOTAL ASSETS
Total Short-Term Assets $19.20M $17.90M $14.50M
Total Long-Term Assets $597.2M $569.5M $561.4M
Total Assets $616.4M $587.4M $575.9M
YoY Change 4.94% 7.01% 6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.265M $4.400M $4.853M
YoY Change 19.66% -11.11% 10.0%
Accrued Expenses $5.048M $5.900M $3.003M
YoY Change -14.44% 130.38% 20.22%
Deferred Revenue $2.011M
YoY Change 89.18%
Short-Term Debt $28.04M $23.80M $14.90M
YoY Change 17.82% -24.92% -43.77%
Long-Term Debt Due $1.536M $1.800M $1.800M
YoY Change -14.67% 5.88% 0.0%
Total Short-Term Liabilities $48.00M $43.60M $36.47M
YoY Change 10.09% -13.23% -16.63%
LONG-TERM LIABILITIES
Long-Term Debt $143.3M $142.7M $143.2M
YoY Change 0.44% 24.57% 24.53%
Other Long-Term Liabilities $202.6M $184.9M $182.8M
YoY Change 9.56% 6.26% 6.34%
Total Long-Term Liabilities $345.9M $327.6M $78.45M
YoY Change 5.59% 297.36% -5.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.00M $43.60M $36.47M
Total Long-Term Liabilities $345.9M $327.6M $78.45M
Total Liabilities $441.8M $421.6M $114.9M
YoY Change 4.79% 217.73% -9.35%
SHAREHOLDERS EQUITY
Retained Earnings $50.83M
YoY Change 15.72%
Common Stock $9.333M
YoY Change 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $174.6M $165.9M $162.9M
YoY Change
Total Liabilities & Shareholders Equity $616.4M $587.4M $575.9M
YoY Change 4.94% 7.01% 6.94%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $5.056M $5.063M $4.566M
YoY Change -0.14% 13.57% 20.86%
Depreciation, Depletion And Amortization $2.970M $2.830M $2.693M
YoY Change 4.95% 5.64% -1.14%
Cash From Operating Activities $2.513M $2.460M $4.710M
YoY Change 2.15% -41.84% 265.12%
INVESTING ACTIVITIES
Capital Expenditures -$7.563M -$9.010M -$7.740M
YoY Change -16.06% -2.38% -14.1%
Acquisitions
YoY Change
Other Investing Activities $73.00K -$2.110M -$3.630M
YoY Change -103.46% -12200.0%
Cash From Investing Activities -$7.490M -$11.12M -$11.37M
YoY Change -32.64% 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 5.218M 8.530M 6.700M
YoY Change -38.83% 62.17% -12.07%
NET CHANGE
Cash From Operating Activities 2.513M 2.460M 4.710M
Cash From Investing Activities -7.490M -11.12M -11.37M
Cash From Financing Activities 5.218M 8.530M 6.700M
Net Change In Cash 241.0K -130.0K 40.00K
YoY Change -285.38% -150.0% -150.0%
FREE CASH FLOW
Cash From Operating Activities $2.513M $2.460M $4.710M
Capital Expenditures -$7.563M -$9.010M -$7.740M
Free Cash Flow $10.08M $11.47M $12.45M
YoY Change -12.15% -14.78% 20.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000863110
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1660000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
318000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
19000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
28000
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
134000
CY2020Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
89000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
4074000
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2319000
CY2020Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
108000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
160268000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
162354000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4566000
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
4655000
CY2020Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
90000
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
423000
CY2020Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
132000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
162910000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
5063000
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2402000
CY2020Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
90000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
46000
CY2020Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
147000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
165854000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
169426000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4206000
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2406000
CY2021Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
98000
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
460000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
86000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
171870000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
4505000
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
4904000
CY2021Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
105000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
176000
CY2021Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
108000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
171860000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
5056000
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2516000
CY2021Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
97000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
50000
CY2021Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
95000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
174642000
CY2021Q2 artna Adjustment In Reserve For Bad Debt
AdjustmentInReserveForBadDebt
-300000

Files In Submission

Name View Source Status
0000863110-21-000035-index-headers.html Edgar Link pending
0000863110-21-000035-index.html Edgar Link pending
0000863110-21-000035.txt Edgar Link pending
0000863110-21-000035-xbrl.zip Edgar Link pending
artna-20210930.xsd Edgar Link pending
artna-20210930_cal.xml Edgar Link unprocessable
artna-20210930_def.xml Edgar Link unprocessable
artna-20210930_lab.xml Edgar Link unprocessable
artna-20210930_pre.xml Edgar Link unprocessable
ex10.htm Edgar Link pending
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
exhibit32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
form10q_htm.xml Edgar Link completed
image00021.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending