$ARTNA
ARTESIAN RESOURCES CORP

2022 Q3 Form 10-Q Financial Statement

#000086311022000069 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $26.58M $22.58M $24.99M
YoY Change 6.38% 3.79% 1.01%
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 $3.210M $2.927M $2.970M
YoY Change 8.08% 2.34% 4.95%
% of Gross Profit
Operating Expenses $18.50M $16.65M $16.31M
YoY Change 13.46% 4.63% 1.4%
Operating Profit $8.082M $6.898M
YoY Change 17.16%
Interest Expense $2.230M -$1.907M -$1.910M
YoY Change -216.75% -1.19% 0.0%
% of Operating Profit 27.59% -27.69%
Other Income/Expense, Net -$101.0K $3.000K -$44.00K
YoY Change 129.55% -98.5% -140.0%
Pretax Income $7.978M $4.120M $6.840M
YoY Change 16.64% 0.0% -0.15%
Income Tax $1.834M $1.060M $1.784M
% Of Pretax Income 22.99% 25.73% 26.08%
Net Earnings $6.144M $3.060M $5.056M
YoY Change 21.52% -1.61% -0.14%
Net Earnings / Revenue 23.11% 13.55% 20.23%
Basic Earnings Per Share $0.65 $0.54
Diluted Earnings Per Share $0.65 $324.1K $536.0K
COMMON SHARES
Basic Shares Outstanding 9.477M 9.404M
Diluted Shares Outstanding 9.492M 9.432M

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.0K $92.00K $610.0K
YoY Change -82.3% 205.0%
Cash & Equivalents $108.0K $92.00K $610.0K
Short-Term Investments
Other Short-Term Assets $7.737M $6.038M $7.274M
YoY Change 6.37% 13.92% 10.21%
Inventory $2.505M $1.933M $1.666M
Prepaid Expenses
Receivables $11.72M $8.367M $9.592M
Other Receivables $833.0K $2.234M $60.00K
Total Short-Term Assets $22.90M $18.66M $19.20M
YoY Change 19.27% 5.93% 7.27%
LONG-TERM ASSETS
Property, Plant & Equipment $3.756M $3.751M $585.8M
YoY Change -99.36% -1.19% 5.03%
Goodwill $2.983M $0.00 $0.00
YoY Change -100.0% -100.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.55M $5.097M $11.22M
YoY Change -5.95% -3.99% 110.49%
Total Long-Term Assets $679.9M $606.1M $597.2M
YoY Change 13.84% 5.29% 4.87%
TOTAL ASSETS
Total Short-Term Assets $22.90M $18.66M $19.20M
Total Long-Term Assets $679.9M $606.1M $597.2M
Total Assets $702.8M $624.7M $616.4M
YoY Change 14.01% 5.31% 4.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.083M $10.21M $5.265M
YoY Change 72.52% 60.95% 19.66%
Accrued Expenses $4.140M $4.038M $5.048M
YoY Change -17.99% 18.28% -14.44%
Deferred Revenue $2.478M $2.273M
YoY Change 10.34%
Short-Term Debt $9.529M $26.73M $28.04M
YoY Change -66.02% -0.62% 17.82%
Long-Term Debt Due $2.023M $1.591M $1.536M
YoY Change 31.71% -9.45% -14.67%
Total Short-Term Liabilities $32.88M $47.21M $48.00M
YoY Change -31.51% 7.96% 10.09%
LONG-TERM LIABILITIES
Long-Term Debt $174.0M $143.3M $143.3M
YoY Change 21.43% 0.65% 0.44%
Other Long-Term Liabilities $253.1M $203.1M $202.6M
YoY Change 24.95% 8.38% 9.56%
Total Long-Term Liabilities $91.29M $79.58M $345.9M
YoY Change -73.61% 2.72% 5.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.88M $47.21M $48.00M
Total Long-Term Liabilities $91.29M $79.58M $345.9M
Total Liabilities $124.2M $126.8M $441.8M
YoY Change -71.9% 4.61% 4.79%
SHAREHOLDERS EQUITY
Retained Earnings $71.60M $63.61M
YoY Change 12.37%
Common Stock $9.491M $9.414M
YoY Change 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.9M $178.0M $174.6M
YoY Change
Total Liabilities & Shareholders Equity $702.8M $624.7M $616.4M
YoY Change 14.01% 5.31% 4.94%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $6.144M $3.060M $5.056M
YoY Change 21.52% -1.61% -0.14%
Depreciation, Depletion And Amortization $3.210M $2.927M $2.970M
YoY Change 8.08% 2.34% 4.95%
Cash From Operating Activities $11.46M $12.30M $2.513M
YoY Change 356.11% 102.95% 2.15%
INVESTING ACTIVITIES
Capital Expenditures -$13.39M -$11.11M -$7.563M
YoY Change 77.1% 33.55% -16.06%
Acquisitions
YoY Change
Other Investing Activities $8.000K $2.000K $73.00K
YoY Change -89.04% -80.0% -103.46%
Cash From Investing Activities -$13.39M -$11.11M -$7.490M
YoY Change 78.72% 33.84% -32.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.812M -1.708M 5.218M
YoY Change -65.27% -184.14% -38.83%
NET CHANGE
Cash From Operating Activities 11.46M 12.30M 2.513M
Cash From Investing Activities -13.39M -11.11M -7.490M
Cash From Financing Activities 1.812M -1.708M 5.218M
Net Change In Cash -112.0K -518.0K 241.0K
YoY Change -146.47% 146.67% -285.38%
FREE CASH FLOW
Cash From Operating Activities $11.46M $12.30M $2.513M
Capital Expenditures -$13.39M -$11.11M -$7.563M
Free Cash Flow $24.86M $23.41M $10.08M
YoY Change 146.69% 62.8% -12.15%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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ARTESIAN RESOURCES CORPORATION
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dei Entity Filer Category
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dei Trading Symbol
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