$UTL
UNITIL CORP

2018 Q1 Form 10-K Financial Statement

#000119312518028247 Filed on February 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2016 Q4 2016 Q3
Revenue $145.8M $104.3M $78.80M
YoY Change 15.71% 1.86% 5.49%
Cost Of Revenue $82.30M $48.90M $35.70M
YoY Change 27.99% -3.17% 2.88%
Gross Profit $63.50M $55.40M $43.10M
YoY Change 2.92% 6.74% 7.75%
Gross Profit Margin 43.55% 53.12% 54.7%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.30M $11.50M $11.60M
YoY Change -1.6% -0.86% 1.75%
% of Gross Profit 19.37% 20.76% 26.91%
Operating Expenses $35.40M $29.20M $32.00M
YoY Change -0.56% -12.57% -2.14%
Operating Profit $28.10M $21.30M $11.10M
YoY Change 1.44% 15.14% 52.05%
Interest Expense -$6.000M -$5.800M -$5.500M
YoY Change 0.0% 26.09% 0.0%
% of Operating Profit -21.35% -27.23% -49.55%
Other Income/Expense, Net -$1.700M -$5.000M -$100.0K
YoY Change 6.25% -814.29%
Pretax Income $20.40M $15.40M $5.500M
YoY Change 1.49% 5.48% 205.56%
Income Tax $4.800M $5.200M $2.000M
% Of Pretax Income 23.53% 33.77% 36.36%
Net Earnings $15.60M $10.20M $3.500M
YoY Change 25.81% 9.68% 105.88%
Net Earnings / Revenue 10.7% 9.78% 4.44%
Basic Earnings Per Share
Diluted Earnings Per Share $1.054M $728.6K $250.0K
COMMON SHARES
Basic Shares Outstanding 14.82M shares 14.06M shares 14.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.500M $5.800M $4.400M
YoY Change 7.95% -33.33% -50.56%
Cash & Equivalents $9.500M $5.800M $4.400M
Short-Term Investments
Other Short-Term Assets $7.100M $14.50M $12.90M
YoY Change -55.63% 23.93% -27.93%
Inventory $8.200M $600.0K $600.0K
Prepaid Expenses
Receivables $74.40M $52.90M $43.10M
Other Receivables $200.0K $8.300M $9.800M
Total Short-Term Assets $144.5M $131.6M $107.6M
YoY Change 14.59% 9.21% 1.03%
LONG-TERM ASSETS
Property, Plant & Equipment $972.4M $883.4M $861.0M
YoY Change 9.15% 9.21% 10.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.20M $9.100M $7.300M
YoY Change 16.55% -7.14% -32.41%
Total Long-Term Assets $127.4M $113.2M $103.8M
YoY Change 8.52% 3.47% -8.63%
TOTAL ASSETS
Total Short-Term Assets $144.5M $131.6M $107.6M
Total Long-Term Assets $127.4M $113.2M $103.8M
Total Assets $1.244B $1.128B $1.072B
YoY Change 9.69% 8.61% 6.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.10M $32.40M $23.10M
YoY Change 7.12% -2.7% 8.96%
Accrued Expenses $6.900M $6.300M
YoY Change 15.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $45.30M $81.90M $36.90M
YoY Change -40.86% 95.0% 800.0%
Long-Term Debt Due $29.80M $16.80M $17.00M
YoY Change -0.67% -1.75% 347.37%
Total Short-Term Liabilities $146.3M $176.9M $126.3M
YoY Change -17.34% 22.59% 25.17%
LONG-TERM LIABILITIES
Long-Term Debt $363.0M $316.8M $335.0M
YoY Change 19.6% 3.7% 2.86%
Other Long-Term Liabilities $12.10M $5.100M $3.800M
YoY Change 146.94% 41.67% 8.57%
Total Long-Term Liabilities $386.4M $341.4M $324.0M
YoY Change 9.74% 11.5% 8.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.3M $176.9M $126.3M
Total Long-Term Liabilities $386.4M $341.4M $324.0M
Total Liabilities $532.7M $518.3M $450.3M
YoY Change 0.68% 15.05% 12.83%
SHAREHOLDERS EQUITY
Retained Earnings $71.00M $52.20M $47.00M
YoY Change 19.33% 15.74% 15.48%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $348.6M $293.1M $287.1M
YoY Change
Total Liabilities & Shareholders Equity $1.244B $1.128B $1.072B
YoY Change 9.69% 8.61% 6.97%

Cashflow Statement

Concept 2018 Q1 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $15.60M $10.20M $3.500M
YoY Change 25.81% 9.68% 105.88%
Depreciation, Depletion And Amortization $12.30M $11.50M $11.60M
YoY Change -1.6% -0.86% 1.75%
Cash From Operating Activities $28.40M $5.600M $22.50M
YoY Change -24.27% 33.33% 10.29%
INVESTING ACTIVITIES
Capital Expenditures $10.10M -$23.70M $34.80M
YoY Change -42.29% -28.18% 8.41%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.10M -$23.70M -$34.80M
YoY Change -42.29% -28.18% 7.41%
FINANCING ACTIVITIES
Cash Dividend Paid $5.400M
YoY Change 5.88%
Common Stock Issuance & Retirement, Net $300.0K
YoY Change 0.0%
Debt Paid & Issued, Net $13.40M
YoY Change 6600.0%
Cash From Financing Activities -17.70M 19.50M 8.800M
YoY Change 4.12% -31.82% 83.33%
NET CHANGE
Cash From Operating Activities 28.40M 5.600M 22.50M
Cash From Investing Activities -10.10M -23.70M -34.80M
Cash From Financing Activities -17.70M 19.50M 8.800M
Net Change In Cash 600.0K 1.400M -3.500M
YoY Change -80.0% -800.0% -51.39%
FREE CASH FLOW
Cash From Operating Activities $28.40M $5.600M $22.50M
Capital Expenditures $10.10M -$23.70M $34.80M
Free Cash Flow $18.30M $29.30M -$12.30M
YoY Change -8.5% -21.24% 5.13%

Facts In Submission

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CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
115100000
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13920000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13917000 shares
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.05 pure
CY2015 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0357 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1981 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13900000 shares
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.40
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01 pure
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.89
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.37 pure
CY2015 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
36265 shares
CY2015 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
426800000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
103900000
CY2015 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
6200000
CY2015 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-21900000
CY2015 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-10100000
CY2015 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1100000
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1500000
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
63100000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
26300000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
22300000
CY2015 us-gaap Interest And Other Income
InterestAndOtherIncome
1900000
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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-4500000
CY2015 us-gaap Increase Decrease In Accounts Receivable
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-10900000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7400000
CY2015 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
202600000
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
19600000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1800000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
700000
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1300000
CY2015 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
218000000
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
500000
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26300000
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-3900000
CY2015 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
2400000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41700000
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
400000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
6600000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12413000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11900000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-500000
CY2015 us-gaap Dividends
Dividends
19600000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15443000
CY2015 us-gaap Increase Decrease In Accounts Payable
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-10900000
CY2015 us-gaap Pension Expense
PensionExpense
7300000
CY2015 us-gaap Increase Decrease In Regulatory Liabilities
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6900000
CY2015 us-gaap Interest Expense
InterestExpense
23800000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-103900000
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1300000
CY2015 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
45700000
CY2015 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
132500000
CY2015 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
17700000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
12700000
CY2015 us-gaap Restricted Stock Expense
RestrictedStockExpense
1900000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2017 dei Entity Central Index Key
EntityCentralIndexKey
0000755001
CY2015 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
363700000
CY2015 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
3530000
CY2015 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
11913000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1700000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-10900000
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5300000
CY2015 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
67100000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
300000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3530000
CY2015 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
900000
CY2015 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
22000000
CY2015 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
100700000
CY2015 utl Proceeds From Repayments Of Debt And Capital Lease Obligations
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6100000
CY2015 utl Stock Repurchase Program Fees And Expenses Related To Tender Offer
StockRepurchaseProgramFeesAndExpensesRelatedToTenderOffer
100000
CY2015 utl Change In Deferred Regulatory And Other Charges
ChangeInDeferredRegulatoryAndOtherCharges
8200000
CY2015 utl Regulatory Liability Interest Expense
RegulatoryLiabilityInterestExpense
900000
CY2015 utl Average Interest Rate On Debt
AverageInterestRateOnDebt
0.0232 pure
CY2015 utl Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationDomesticIncomeTaxRateDifferential
-0.02 pure
CY2015 utl Increase Decrease In Gas Inventory Financing
IncreaseDecreaseInGasInventoryFinancing
-4000000
CY2017 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.44
CY2017 us-gaap Defined Benefit Plan Narrative Description Of Basis Used To Determine Overall Expected Long Term Rate Of Return On Assets Assumption
DefinedBenefitPlanNarrativeDescriptionOfBasisUsedToDetermineOverallExpectedLongTermRateOfReturnOnAssetsAssumption
The desired investment objective is a long-term rate of return on assets that is approximately 5 – 6% greater than the assumed rate of inflation as measured by the Consumer Price Index.
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Type
DocumentType
10-K
CY2017 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
86200000
CY2017 dei Trading Symbol
TradingSymbol
UTL
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14102000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14095000 shares
CY2017 dei Amendment Flag
AmendmentFlag
false
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06 pure
CY2017 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0345 pure
CY2017 us-gaap Regulatory Restrictions On Payment Of Dividends
RegulatoryRestrictionsOnPaymentOfDividends
Therefore, there were no restrictions on the Company's Retained Earnings at December 31, 2017 for the payment of dividends.
CY2017 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
21100000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9100000
CY2017 us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-1200000
CY2017 us-gaap Interest Expense
InterestExpense
25500000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-119300000
CY2017 us-gaap Pension Expense
PensionExpense
7000000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33000000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1686 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7000 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14100000 shares
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.44
CY2017 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01 pure
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-12-31
CY2017 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-indent: 4%; font-family: Times New Roman; font-size: 10.5pt; margin-top: 12pt; margin-bottom: 0pt;"> <b>Use of Estimates</b>&#x2014;The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, and requires disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.06
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38 pure
CY2017 dei Entity Registrant Name
EntityRegistrantName
UNITIL CORP
CY2017 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
406200000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
119300000
CY2017 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
6000000
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-23100000
CY2017 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
3800000
CY2017 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3300000
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2100000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
69700000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
29000000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
23000000
CY2017 us-gaap Interest And Other Income
InterestAndOtherIncome
2400000
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-8600000
CY2017 us-gaap Increase Decrease In Accounts Receivable
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14500000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
17200000
CY2017 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
194000000
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
20400000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
600000
CY2017 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
200000
CY2017 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
206200000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29000000
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-2500000
CY2017 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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1800000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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46500000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
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1100000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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3800000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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13675000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
17500000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3862000
CY2017 us-gaap Dividends
Dividends
20400000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17537000
CY2017 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
46900000
CY2017 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
114000000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2017 utl Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationDomesticIncomeTaxRateDifferential
-0.01 pure
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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600000
CY2016 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
2700000
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1300000
CY2016 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
196100000
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OtherNonoperatingIncomeExpense
-300000
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-43600000
CY2017 us-gaap Restricted Stock Expense
RestrictedStockExpense
2700000
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336500000
CY2017 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
17537000
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Increase Decrease For Plan Amendment
DefinedBenefitPlanNetPeriodicBenefitCostCreditIncreaseDecreaseForPlanAmendment
540000
CY2017 us-gaap Lease And Rental Expense
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2000000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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36200000
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3700000
CY2017 us-gaap Utilities Operating Expense Maintenance And Operations
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70200000
CY2017 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
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400000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
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3100000
CY2017 us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
2300000
CY2017 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
2500000
CY2017 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
21800000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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89300000
CY2017 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
84300000
CY2017 utl Change In Discount Rate Assumption
ChangeInDiscountRateAssumption
0.0025 pure
CY2017 utl Proceeds From Repayments Of Debt And Capital Lease Obligations
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100000
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-6100000
CY2017 utl Percentage Of Fully Vested Restricted Stock Units That Directors Will Receive In Cash When Settled
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0.30 pure
CY2017 utl Number Of Subsidiaries
NumberOfSubsidiaries
3 Entity
CY2017 utl Net Operating Loss Carryforwards Expiration Year
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2029
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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27100000
CY2016 us-gaap Increase Decrease In Receivables
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-2800000
CY2016 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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1000000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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42500000
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
300000
CY2017 utl Percentage Of Fully Vested Restricted Stock Units That Directors Will Receive In Common Shares When Settled
PercentageOfFullyVestedRestrictedStockUnitsThatDirectorsWillReceiveInCommonSharesWhenSettled
0.70 pure
CY2017 utl Regulatory Liability Interest Expense
RegulatoryLiabilityInterestExpense
1200000
CY2017 utl Average Interest Rate On Debt
AverageInterestRateOnDebt
0.0290 pure
CY2017 utl Increase Decrease In Gas Inventory Financing
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-2400000
CY2017 utl Length Of Pipeline
LengthOfPipeline
86 mi
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.42
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
68300000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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13996000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13990000 shares
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04 pure
CY2016 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0349 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1949 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6000 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14000000 shares
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.42
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01 pure
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.94
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.36 pure
CY2016 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
32095 shares
CY2016 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
383400000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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98100000
CY2016 us-gaap Other Sales Revenue Net
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6100000
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-22500000
CY2016 us-gaap Increase Decrease In Unbilled Receivables
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11100000
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
700000
CY2016 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3400000
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1900000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
65300000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
27100000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
22100000
CY2016 us-gaap Interest And Other Income
InterestAndOtherIncome
1200000
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5000000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5400000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
19000000
CY2016 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
181200000
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
20000000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1600000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5300000
CY2016 us-gaap Contribution Of Property
ContributionOfProperty
3500000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11209000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15400000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4145000
CY2016 us-gaap Dividends
Dividends
20000000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15354000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-900000
CY2016 us-gaap Increase Decrease In Regulatory Liabilities
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-5200000
CY2016 us-gaap Interest Expense
InterestExpense
23700000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-98100000
CY2016 us-gaap Pension Expense
PensionExpense
6800000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1300000
CY2016 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
46600000
CY2016 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
108000000
CY2016 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
19600000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
39900000
CY2016 us-gaap Restricted Stock Expense
RestrictedStockExpense
2200000
CY2016 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
318100000
CY2016 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
15354000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1800000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
26900000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4600000
CY2016 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
66300000
CY2016 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
1800000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2900000
CY2016 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
1400000
CY2016 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
21800000
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000
CY2016 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
77600000
CY2016 utl Proceeds From Repayments Of Debt And Capital Lease Obligations
ProceedsFromRepaymentsOfDebtAndCapitalLeaseObligations
-2800000
CY2016 utl Stock Repurchase Program Fees And Expenses Related To Tender Offer
StockRepurchaseProgramFeesAndExpensesRelatedToTenderOffer
100000
CY2016 utl Change In Deferred Regulatory And Other Charges
ChangeInDeferredRegulatoryAndOtherCharges
-5000000
CY2016 utl Regulatory Liability Interest Expense
RegulatoryLiabilityInterestExpense
500000
CY2016 utl Average Interest Rate On Debt
AverageInterestRateOnDebt
0.0218 pure
CY2016 utl Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationDomesticIncomeTaxRateDifferential
-0.01 pure
CY2016 utl Increase Decrease In Gas Inventory Financing
IncreaseDecreaseInGasInventoryFinancing
-2500000
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.360
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.88
CY2017Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
126000000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
26100000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12400000
CY2016Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.355
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.78
CY2016Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
125800000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
23400000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10900000
CY2016Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.355
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18
CY2016Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
74500000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9500000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2500000
CY2017Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.360
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.23
CY2017Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
80800000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10500000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3100000
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.355
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2016Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
78800000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11100000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3500000
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.360
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.16
CY2017Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
84000000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9500000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2300000
CY2016Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.355
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.73
CY2016Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
104300000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
21300000
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10200000
CY2017Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.360
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.79
CY2017Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
115400000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
23600000
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11200000

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