$UTL
UNITIL CORP

2013 Q4 Form 10-Q Financial Statement

#000119312513407395 Filed on October 23, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $109.8M $72.50M $71.30M
YoY Change 11.13% 1.68% -2.6%
Cost Of Revenue $67.00M $37.80M $36.90M
YoY Change 11.85% 2.44% -15.17%
Gross Profit $42.80M $34.70M $34.40M
YoY Change 10.03% 0.87% 15.82%
Gross Profit Margin 38.98% 47.86% 48.25%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.30M $9.600M $8.900M
YoY Change 1.98% 7.87% 28.99%
% of Gross Profit 24.07% 27.67% 25.87%
Operating Expenses $32.50M $29.10M $29.40M
YoY Change 62.5% -1.02% 13.51%
Operating Profit $21.50M $5.600M $5.000M
YoY Change 13.76% 12.0% -3.85%
Interest Expense -$4.800M -$4.800M -$4.400M
YoY Change 14.29% 9.09% -33.33%
% of Operating Profit -22.33% -85.71% -88.0%
Other Income/Expense, Net -$100.0K -$100.0K -$100.0K
YoY Change 0.0% -50.0%
Pretax Income $5.400M $700.0K $500.0K
YoY Change -63.27% 40.0% -116.67%
Income Tax -$4.900M $100.0K $0.00
% Of Pretax Income -90.74% 14.29% 0.0%
Net Earnings $10.30M $600.0K $500.0K
YoY Change 14.44% 20.0% -131.25%
Net Earnings / Revenue 9.38% 0.83% 0.7%
Basic Earnings Per Share
Diluted Earnings Per Share $746.4K $43.48K $36.50K
COMMON SHARES
Basic Shares Outstanding 13.83M shares 13.78M shares 13.71M shares
Diluted Shares Outstanding 13.78M shares 13.71M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.400M $12.30M $9.500M
YoY Change -4.08% 29.47% 20.25%
Cash & Equivalents $9.400M $12.30M $9.500M
Short-Term Investments
Other Short-Term Assets $4.800M $4.500M $4.300M
YoY Change 14.29% 4.65% -4.44%
Inventory $6.200M $1.200M $1.000M
Prepaid Expenses
Receivables $52.20M $35.20M $32.80M
Other Receivables $10.80M $12.80M $11.30M
Total Short-Term Assets $140.0M $111.5M $107.0M
YoY Change 0.21% 4.21% 9.86%
LONG-TERM ASSETS
Property, Plant & Equipment $665.6M $647.0M $585.4M
YoY Change 10.71% 10.52% 17.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.90M $15.80M $17.00M
YoY Change -11.31% -7.06% -17.48%
Total Long-Term Assets $115.0M $136.7M $149.5M
YoY Change -24.04% -8.56% -1.32%
TOTAL ASSETS
Total Short-Term Assets $140.0M $111.5M $107.0M
Total Long-Term Assets $115.0M $136.7M $149.5M
Total Assets $920.6M $895.2M $841.9M
YoY Change 3.17% 6.33% 12.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.10M $21.50M $19.20M
YoY Change 16.51% 11.98% 20.0%
Accrued Expenses $3.100M $5.400M $5.400M
YoY Change 0.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $60.20M $43.60M $24.10M
YoY Change 21.86% 80.91% -63.15%
Long-Term Debt Due $2.500M $600.0K $500.0K
YoY Change 400.0% 20.0% 0.0%
Total Short-Term Liabilities $144.7M $115.5M $95.00M
YoY Change 10.37% 21.58% -25.08%
LONG-TERM LIABILITIES
Long-Term Debt $284.8M $286.9M $287.5M
YoY Change -0.87% -0.21% -0.17%
Other Long-Term Liabilities $1.600M $4.600M $3.400M
YoY Change -33.33% 35.29% -63.83%
Total Long-Term Liabilities $225.9M $238.7M $206.5M
YoY Change 5.91% 15.59% 98.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.7M $115.5M $95.00M
Total Long-Term Liabilities $225.9M $238.7M $206.5M
Total Liabilities $370.6M $354.2M $301.5M
YoY Change 7.61% 17.48% 30.63%
SHAREHOLDERS EQUITY
Retained Earnings $32.90M $22.60M
YoY Change 8.22%
Common Stock $232.1M $231.3M $250.9M
YoY Change 0.91% -7.81% 38.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $265.2M $254.1M $252.9M
YoY Change
Total Liabilities & Shareholders Equity $920.6M $895.2M $841.9M
YoY Change 3.17% 6.33% 12.45%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $10.30M $600.0K $500.0K
YoY Change 14.44% 20.0% -131.25%
Depreciation, Depletion And Amortization $10.30M $9.600M $8.900M
YoY Change 1.98% 7.87% 28.99%
Cash From Operating Activities $12.20M $13.80M $9.000M
YoY Change 154.17% 53.33% 181.25%
INVESTING ACTIVITIES
Capital Expenditures -$24.90M $27.60M -$23.50M
YoY Change 18.01% -217.45% 33.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$24.90M -$27.60M -$23.50M
YoY Change 18.01% 17.45% 33.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.800M 19.00M 17.20M
YoY Change -40.96% 10.47% 4.24%
NET CHANGE
Cash From Operating Activities 12.20M 13.80M 9.000M
Cash From Investing Activities -24.90M -27.60M -23.50M
Cash From Financing Activities 9.800M 19.00M 17.20M
Net Change In Cash -2.900M 5.200M 2.700M
YoY Change -1066.67% 92.59% 28.57%
FREE CASH FLOW
Cash From Operating Activities $12.20M $13.80M $9.000M
Capital Expenditures -$24.90M $27.60M -$23.50M
Free Cash Flow $37.10M -$13.80M $32.50M
YoY Change 43.24% -142.46% 56.25%

Facts In Submission

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dei Trading Symbol
TradingSymbol
UTL
dei Entity Registrant Name
EntityRegistrantName
UNITIL CORP
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0000755001
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Common Stock Dividends Per Share Declared
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>Reclassifications &#x2013;</b> Certain amounts previously reported have been reclassified to improve the financial statements&#x2019; presentation and to conform to current year presentation. Most significant has been the reclassification of certain regulatory tracker mechanisms from Accrued Revenue and Other Current Liabilities to Regulatory Liabilities, the reclassification of cost of removal costs associated with asset retirements from Accumulated Depreciation to Cost of Removal Obligations, the reclassification of exchange gas amounts from Gas Inventory to Exchange Gas Receivable and the segregation of Deferred Income Taxes to current and noncurrent amounts on the Company&#x2019;s Consolidated Balance Sheets, as discussed above in Regulatory Accounting, Utility Plant, Exchange Gas Receivable and Income Taxes, respectively.</font></p> </div>
us-gaap Earnings Per Share Basic And Diluted
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