2022 Q2 Form 10-Q Financial Statement
#000086311022000041 Filed on August 05, 2022
Income Statement
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
|---|---|---|---|
| Revenue | $25.01M | $22.19M | $22.58M |
| YoY Change | 11.31% | 7.47% | 3.79% |
| 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 | $3.055M | $3.085M | $2.927M |
| YoY Change | 2.65% | 2.42% | 2.34% |
| % of Gross Profit | |||
| Operating Expenses | $18.17M | $17.44M | $16.65M |
| YoY Change | 10.9% | 7.66% | 4.63% |
| Operating Profit | $6.843M | $4.743M | |
| YoY Change | 12.42% | 6.78% | |
| Interest Expense | $2.088M | $1.887M | -$1.907M |
| YoY Change | 10.24% | 0.27% | -1.19% |
| % of Operating Profit | 30.51% | 39.78% | |
| Other Income/Expense, Net | -$33.00K | $1.446M | $3.000K |
| YoY Change | -44.07% | 3.14% | -98.5% |
| Pretax Income | $6.771M | $5.902M | $4.120M |
| YoY Change | 5.81% | -3.06% | 0.0% |
| Income Tax | $1.725M | $1.419M | $1.060M |
| % Of Pretax Income | 25.48% | 24.04% | 25.73% |
| Net Earnings | $5.046M | $4.483M | $3.060M |
| YoY Change | 12.01% | 6.59% | -1.61% |
| Net Earnings / Revenue | 20.18% | 20.21% | 13.55% |
| Basic Earnings Per Share | $0.53 | $0.48 | |
| Diluted Earnings Per Share | $0.53 | $0.47 | $324.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.452M | 9.423M | |
| Diluted Shares Outstanding | 9.470M | 9.455M |
Balance Sheet
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $220.0K | $478.0K | $92.00K |
| YoY Change | -40.38% | 139.0% | |
| Cash & Equivalents | $220.0K | $478.0K | $92.00K |
| Short-Term Investments | |||
| Other Short-Term Assets | $4.962M | $4.889M | $6.038M |
| YoY Change | 4.97% | 16.4% | 13.92% |
| Inventory | $2.869M | $2.852M | $1.933M |
| Prepaid Expenses | |||
| Receivables | $8.114M | $6.440M | $8.367M |
| Other Receivables | $766.0K | $977.0K | $2.234M |
| Total Short-Term Assets | $16.93M | $15.64M | $18.66M |
| YoY Change | 3.48% | 7.1% | 5.93% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.759M | $622.6M | $3.751M |
| YoY Change | -99.35% | 8.93% | -1.19% |
| Goodwill | $0.00 | ||
| YoY Change | -100.0% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $7.116M | $14.23M | $5.097M |
| YoY Change | -42.03% | 17.56% | -3.99% |
| Total Long-Term Assets | $657.1M | $637.1M | $606.1M |
| YoY Change | 10.7% | 9.13% | 5.29% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $16.93M | $15.64M | $18.66M |
| Total Long-Term Assets | $657.1M | $637.1M | $606.1M |
| Total Assets | $674.1M | $652.8M | $624.7M |
| YoY Change | 10.51% | 9.08% | 5.31% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.576M | $12.44M | $10.21M |
| YoY Change | 22.67% | 107.35% | 60.95% |
| Accrued Expenses | $3.748M | $5.623M | $4.038M |
| YoY Change | -38.37% | -31.43% | 18.28% |
| Deferred Revenue | $2.394M | $2.273M | |
| YoY Change | 10.34% | ||
| Short-Term Debt | $9.914M | $27.54M | $26.73M |
| YoY Change | -62.16% | 21.33% | -0.62% |
| Long-Term Debt Due | $1.996M | $1.563M | $1.591M |
| YoY Change | 23.36% | -8.06% | -9.45% |
| Total Short-Term Liabilities | $33.49M | $51.92M | $47.21M |
| YoY Change | -32.68% | 17.48% | 7.96% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $173.6M | $142.9M | $143.3M |
| YoY Change | 21.15% | 0.71% | 0.65% |
| Other Long-Term Liabilities | $233.4M | $224.0M | $203.1M |
| YoY Change | 17.98% | 17.09% | 8.38% |
| Total Long-Term Liabilities | $79.39M | $366.9M | $79.58M |
| YoY Change | -76.73% | 10.11% | 2.72% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $33.49M | $51.92M | $47.21M |
| Total Long-Term Liabilities | $79.39M | $366.9M | $79.58M |
| Total Liabilities | $112.9M | $472.2M | $126.8M |
| YoY Change | -74.23% | 10.71% | 4.61% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $65.46M | $63.61M | |
| YoY Change | 12.37% | ||
| Common Stock | $9.459M | $9.414M | |
| YoY Change | 0.61% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $180.9M | $180.6M | $178.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $674.1M | $652.8M | $624.7M |
| YoY Change | 10.51% | 9.08% | 5.31% |
Cashflow Statement
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.046M | $4.483M | $3.060M |
| YoY Change | 12.01% | 6.59% | -1.61% |
| Depreciation, Depletion And Amortization | $3.055M | $3.085M | $2.927M |
| YoY Change | 2.65% | 2.42% | 2.34% |
| Cash From Operating Activities | $1.769M | $11.82M | $12.30M |
| YoY Change | -44.34% | -11.27% | 102.95% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$13.49M | -$9.776M | -$11.11M |
| YoY Change | 5.47% | 4.56% | 33.55% |
| Acquisitions | $2.842M | ||
| YoY Change | |||
| Other Investing Activities | -$3.460M | -$2.840M | $2.000K |
| YoY Change | -69300.0% | -28500.0% | -80.0% |
| Cash From Investing Activities | -$16.95M | -$12.62M | -$11.11M |
| YoY Change | 32.58% | 35.07% | 33.84% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $2.518M | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $379.0K | ||
| YoY Change | |||
| Cash From Financing Activities | 14.92M | 1.183M | -1.708M |
| YoY Change | 53.4% | -131.46% | -184.14% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.769M | 11.82M | 12.30M |
| Cash From Investing Activities | -16.95M | -12.62M | -11.11M |
| Cash From Financing Activities | 14.92M | 1.183M | -1.708M |
| Net Change In Cash | -258.0K | 386.0K | -518.0K |
| YoY Change | -313.22% | 75.45% | 146.67% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.769M | $11.82M | $12.30M |
| Capital Expenditures | -$13.49M | -$9.776M | -$11.11M |
| Free Cash Flow | $15.26M | $21.60M | $23.41M |
| YoY Change | -4.44% | -4.74% | 62.8% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000863110 | ||
| CY2022Q2 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
2581000 | |
| CY2021Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
0 | |
| CY2022Q2 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
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Stock Issued During Period Value Share Based Compensation
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Stock Issued During Period Value Employee Benefit Plan
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|
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Stockholders Equity
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|
180902000 | |
| artna |
Net Advances And Contributions In Aid Of Construction
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|
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Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
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Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
1720000 | ||
| us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
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|
10000 | ||
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Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
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Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
2362000 | ||
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Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
102000 | ||
| us-gaap |
Payments Of Debt Issuance Costs
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|
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Proceeds From Repayments Of Bank Overdrafts
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|
304000 | ||
| us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
403000 | ||
| artna |
Net Advances And Contributions In Aid Of Construction
NetAdvancesAndContributionsInAidOfConstruction
|
9786000 | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
936000 | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
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|
941000 | ||
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Payments Of Dividends
PaymentsOfDividends
|
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Payments Of Dividends
PaymentsOfDividends
|
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
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Capital Expenditures Incurred But Not Yet Paid
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|
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| CY2022Q2 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
1765000 | |
| CY2021Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
247000 |
