2019 Q4 Form 10-K Financial Statement

#000007812820000005 Filed on February 28, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $226.0M $205.7M $226.1M
YoY Change 9.86% 1.2% 5.18%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin -$3.100M -$500.0K $1.900M
YoY Change 520.0% 18.75%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.50M $36.20M $37.46M
YoY Change 11.88% 4.02% 9.32%
% of Gross Profit
Operating Expenses $140.7M $143.0M $121.8M
YoY Change -1.61% 14.31% 4.73%
Operating Profit $85.30M $62.79M $104.3M
YoY Change 35.84% -19.71% 5.64%
Interest Expense -$21.70M -$81.00M $25.40M
YoY Change -73.21% 335.48% 13.35%
% of Operating Profit -25.44% -128.99% 24.36%
Other Income/Expense, Net -$1.400M -$600.0K -$325.0K
YoY Change 133.33% -50.0% -73.75%
Pretax Income $63.10M -$18.80M $82.15M
YoY Change -435.64% -132.14% 3.17%
Income Tax $5.200M -$14.80M $3.935M
% Of Pretax Income 8.24% 4.79%
Net Earnings $64.23M -$3.657M $78.22M
YoY Change -1856.28% -106.84% 2.61%
Net Earnings / Revenue 28.41% -1.78% 34.59%
Basic Earnings Per Share $0.28 -$0.02 $0.44
Diluted Earnings Per Share $0.28 -$0.02 $0.44
COMMON SHARES
Basic Shares Outstanding 215.8M 177.9M 177.9M
Diluted Shares Outstanding 178.4M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.869B $4.000M $4.000M
YoY Change 46625.0% 0.0% 0.0%
Cash & Equivalents $1.869B $3.627M $4.264M
Short-Term Investments
Other Short-Term Assets $60.00M $26.00M $15.00M
YoY Change 130.77% 73.33% 15.38%
Inventory $18.38M $15.84M $16.14M
Prepaid Expenses
Receivables $67.14M $65.83M $114.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.015B $147.2M $149.3M
YoY Change 1269.23% 12.13% 8.17%
LONG-TERM ASSETS
Property, Plant & Equipment $6.346B $5.930B $5.741B
YoY Change 7.01% 9.82% 8.81%
Goodwill $63.82M $52.73M $53.24M
YoY Change 21.04% 24.85%
Intangibles
YoY Change
Long-Term Investments $6.000M $7.000M $7.000M
YoY Change -14.29% 0.0% 0.0%
Other Assets $918.0M $827.0M $807.0M
YoY Change 11.0% 9.97% -25.35%
Total Long-Term Assets $7.347B $6.817B $6.608B
YoY Change 7.77% 9.94% 3.13%
TOTAL ASSETS
Total Short-Term Assets $2.015B $147.2M $149.3M
Total Long-Term Assets $7.347B $6.817B $6.608B
Total Assets $9.362B $6.964B $6.757B
YoY Change 34.42% 9.98% 3.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.92M $77.33M $56.03M
YoY Change -3.12% 30.7% -11.07%
Accrued Expenses $49.62M $47.39M $42.96M
YoY Change 4.7% 15.16% -30.71%
Deferred Revenue
YoY Change
Short-Term Debt $26.00M $15.00M $22.00M
YoY Change 73.33% 275.0% 4.76%
Long-Term Debt Due $105.1M $144.5M $108.1M
YoY Change -27.32% 27.05% 27.15%
Total Short-Term Liabilities $323.5M $399.0M $288.2M
YoY Change -18.93% 40.24% 13.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.943B $2.398B $2.266B
YoY Change 22.72% 19.46% 16.11%
Other Long-Term Liabilities $33.06M $97.18M $101.8M
YoY Change -65.98% -9.46% -89.93%
Total Long-Term Liabilities $2.976B $1.567B $2.368B
YoY Change 89.95% -25.92% -20.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $323.5M $399.0M $288.2M
Total Long-Term Liabilities $2.976B $1.567B $2.368B
Total Liabilities $3.300B $1.966B $2.656B
YoY Change 67.85% -18.07% -42.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.210B $1.174B $1.217B
YoY Change 3.05% 3.68%
Common Stock $2.748B $911.0M $904.5M
YoY Change 201.72% 1.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.70M $75.84M $75.77M
YoY Change 2.46% 3.49%
Treasury Stock Shares $3.113M $3.060M $3.058M
Shareholders Equity $3.881B $2.009B $2.046B
YoY Change
Total Liabilities & Shareholders Equity $9.362B $6.964B $6.757B
YoY Change 34.42% 9.98% 3.24%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $64.23M -$3.657M $78.22M
YoY Change -1856.28% -106.84% 2.61%
Depreciation, Depletion And Amortization $40.50M $36.20M $37.46M
YoY Change 11.88% 4.02% 9.32%
Cash From Operating Activities $110.5M $77.80M $121.0M
YoY Change 42.03% -21.57% -3.04%
INVESTING ACTIVITIES
Capital Expenditures -$148.7M -$152.5M -$126.6M
YoY Change -2.49% 8.62% -2.01%
Acquisitions
YoY Change
Other Investing Activities -$58.30M -$45.20M -$99.00M
YoY Change 28.98% -4620.0% -6700.0%
Cash From Investing Activities -$207.1M -$197.7M -$225.5M
YoY Change 4.75% 41.82% 76.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.00M 119.3M 55.80M
YoY Change -154.48% 196.77% -7075.0%
NET CHANGE
Cash From Operating Activities 110.5M 77.80M 121.0M
Cash From Investing Activities -207.1M -197.7M -225.5M
Cash From Financing Activities -65.00M 119.3M 55.80M
Net Change In Cash -161.6M -600.0K -48.70M
YoY Change 26833.33% -805306368000100.0% 1216.22%
FREE CASH FLOW
Cash From Operating Activities $110.5M $77.80M $121.0M
Capital Expenditures -$148.7M -$152.5M -$126.6M
Free Cash Flow $259.2M $230.3M $247.6M
YoY Change 12.55% -3.88% -2.52%

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<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Nature of Operations </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">─ Essential Utilities, Inc. (“Essential Utilities,” the “Company,” “we,” “our”, or “us”) is the holding company for regulated utilities providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. On February 3, 2020, we changed our name from Aqua America, Inc. to Essential Utilities, Inc. to align the name of the Company with the anticipated business plan of the Company following the pending Peoples Gas Acquisition and to reflect the proposed combination of regulated water utilities and natural gas utilities that offer essential utility services to customers. After completion of the acquisition, the water and wastewater utility services will be provided through Essential Utilities’ Aqua companies and the natural gas utility services will be provided through its Peoples natural gas companies. Essential Utilities plans to complete the Peoples Gas Acquisition on March 16, 2020. Our largest operating subsidiary is Aqua Pennsylvania, Inc., which accounted for approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">54</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% of our operating revenues and approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">72</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% of our Regulated water segment’s income for 2019. As of December 31, 2019, Aqua Pennsylvania provided water or wastewater services to approximately one-half of the total number of people we serve. Aqua Pennsylvania’s service territory is located in the suburban areas north and west of the City of Philadelphia and in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">27</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> other counties in Pennsylvania. The Company’s other regulated utility subsidiaries provide similar services in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">seven</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> additional states.</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">In addition, the Company’s market-based activities are conducted through Aqua Infrastructure LLC and Aqua Resources, Inc. Aqua Infrastructure provides non-utility raw water supply services for firms in the natural gas drilling industry. Aqua Resources manages a water system operating and maintenance contract; and offers, through a third-party, water and sewer line protection solutions and repair services to households. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">In 2017, we completed the sale of business units that were reported within the Company’s market-based subsidiary, Aqua Resources, one which installed and tested devices that prevent the contamination of potable water and another that constructed, maintained, and repaired water and wastewater systems. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company has identified </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">ten</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> operating segments and has </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">one</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> reportable segment named the Regulated water segment. The reportable segment is comprised of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">eight</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> operating segments for our water and wastewater regulated utility companies which are organized by the states where we provide these services. These operating segments are aggregated into one reportable segment since each of the Company’s operating segments has the following similarities: economic characteristics, nature of services, production processes, customers, water distribution or wastewater collection methods, and the nature of the regulatory environment. In addition, Aqua Resources and Aqua Infrastructure are not quantitatively significant to be reportable and are included as a component of “Other,” in addition to corporate costs that have not been allocated to the Regulated water segment, because they would not be recoverable as a cost of utility service, and intersegment eliminations. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p>
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PercentageOfOperatingRevenueFromLargestOperatingSubsidiary
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PercentageOfNetIncomeFromLargestOperatingSubsidiary
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CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
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6076000
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2645000
CY2017 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2774000
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1360000
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16680000
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11941000
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CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
0
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BankAcceptancesExecutedAndOutstanding
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CY2018Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
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CY2018Q4 us-gaap Public Utilities Property Plant And Equipment Equipment
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CY2017Q4 us-gaap Goodwill
Goodwill
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-30000
CY2019Q4 us-gaap Goodwill
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CY2019 wtrg Amortization Period Of Tax Repair Catch Up Adjustment
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P10Y
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8201936000
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CY2019Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fifth Year
RecordedUnconditionalPurchaseObligationDueInFifthYear
1068000
CY2019Q4 wtrg Estimated Annual Commitments To Purchase Water Through Next Five Years
EstimatedAnnualCommitmentsToPurchaseWaterThroughNextFiveYears
5032000
CY2019 wtrg Long Term Purchase Aggregate Commitment Remaining Years
LongTermPurchaseAggregateCommitmentRemainingYears
4433000
CY2019 wtrg Purchase Obligation Term
PurchaseObligationTerm
P20Y
CY2019Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
1002000
CY2019Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
1022000
CY2019Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
RecordedUnconditionalPurchaseObligationDueInThirdYear
1043000
CY2019Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fourth Year
RecordedUnconditionalPurchaseObligationDueInFourthYear
1050000
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6577000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6065000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8558000
CY2019 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
989000
CY2018 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
970000
CY2017 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
945000
CY2019Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
19591000
CY2019Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
7941000
CY2019 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
1852000
CY2018 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
1515000
CY2019Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P50Y
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
2183000
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
2569000
CY2017 us-gaap Operating Lease Cost
OperatingLeaseCost
2241000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1992000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12867000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1222000
CY2018 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0268
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25406000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
152000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15836000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21596000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
771000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
609000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11645000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12867000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P27Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0408
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1699000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1462000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1219000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21596000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12867000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8729000
CY2019Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
2450381000
CY2019Q4 us-gaap Assets Net
AssetsNet
3880860000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
105051000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58252000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
29980000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
17072000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
15968000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2851077000
CY2019Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
313500000
CY2019Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
25237000
CY2019Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
18528000
CY2019Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
6709000
CY2019Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
313500000
CY2018 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
0
CY2019 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
0
CY2018 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
0
CY2019 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
0
CY2019 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0312
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
202000
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
125383000
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
99054000
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
88543000
CY2018Q4 wtrg Loans Payable Current Not Included In Current Portion Of Long Term Debt
LoansPayableCurrentNotIncludedInCurrentPortionOfLongTermDebt
15449000
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4231000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3332000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3578000
CY2019Q2 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
900000000
CY2019Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
313500000
CY2019Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
83520000
CY2019Q4 wtrg Loans Payable Current Not Included In Current Portion Of Long Term Debt
LoansPayableCurrentNotIncludedInCurrentPortionOfLongTermDebt
25724000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
59779000
CY2019Q1 us-gaap Share Price
SharePrice
34.62
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1868922000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3627000
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
23419000
CY2018Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
20388000
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
293000
CY2018 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-95000
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
293000
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-95000
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
95556000
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
93343000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2019Q4 us-gaap Shares Outstanding
SharesOutstanding
220758719
CY2018Q4 us-gaap Shares Outstanding
SharesOutstanding
178091621
CY2017Q4 us-gaap Shares Outstanding
SharesOutstanding
177713943
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3112565
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3060206
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2986308
CY2019Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
21661095
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
750000000
CY2019Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
21560000
CY2019 wtrg Stock Purchase Contracts Interest And Partial Repayment
StockPurchaseContractsInterestAndPartialRepayment
0.0600
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215550000
CY2019Q1 wtrg Shares Issued Discount
SharesIssuedDiscount
0.045
CY2019Q1 us-gaap Share Price
SharePrice
34.62
CY2019 wtrg Transfer Restriction Period
TransferRestrictionPeriod
P15M
CY2019 wtrg Stock Purchase Contracts Settled
StockPurchaseContractsSettled
4109292
CY2019 wtrg Stock Purchase Contracts Settled Issuance Of Common Shares
StockPurchaseContractsSettledIssuanceOfCommonShares
4846601
CY2019 wtrg Stock Purchase Contracts Initial Principal Amount
StockPurchaseContractsInitialPrincipalAmount
8.62909
CY2019 wtrg Stock Purchase Contracts Aggregate Initial Principal Amount
StockPurchaseContractsAggregateInitialPrincipalAmount
119081000
CY2019 wtrg Stock Purchase Contracts Interest Rate
StockPurchaseContractsInterestRate
0.0300
CY2019 wtrg Stock Purchase Contracts Quarterly Cash Installments
StockPurchaseContractsQuarterlyCashInstallments
0.75000
CY2019 wtrg Stock Purchase Contracts Cash Installments
StockPurchaseContractsCashInstallments
0.80833
CY2019 wtrg Proceeds From Shares Issued Gross
ProceedsFromSharesIssuedGross
570919000
CY2019 wtrg Proceeds From Shares Issued Issuance Costs
ProceedsFromSharesIssuedIssuanceCosts
13530000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1770819
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2015Q1 wtrg Aggregate Common And Preferred Shares Authorized Value
AggregateCommonAndPreferredSharesAuthorizedValue
500000000
CY2019 wtrg Business Combination Shares Available For Issuance
BusinessCombinationSharesAvailableForIssuance
487155000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.05
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177904000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177612000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
381000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
495000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
563000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215931000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178399000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178175000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8596
CY2019 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
10533133
CY2019 wtrg Equity Per Common Share
EquityPerCommonShare
17.58
CY2018 wtrg Equity Per Common Share
EquityPerCommonShare
11.28
CY2019 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
10197000
CY2018 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
14872000
CY2019 wtrg Schedule Of Net Periodic Benefit Cost Amortized
ScheduleOfNetPeriodicBenefitCostAmortized
<div style="text-align:left"><table dir="ltr" style="border: none;border-collapse: collapse;margin-bottom: .001pt;margin-left: 0;margin-right: auto;width: 100%;"><tr style="height: 0.01in;"><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 48.1%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 19.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.2%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 23.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 1pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 1pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td></tr><tr style="height: 0.07in;"><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 48.1%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 19.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.2%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 23.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td></tr><tr><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 48.1%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td colspan="2" style="background: white;border-bottom: solid #000000 1.0pt;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 0.0%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: center;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Pension Benefits</span></p></td><td style="background: white;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.2%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td colspan="2" style="background: white;border-bottom: solid #000000 1.0pt;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 0.0%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: center;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Other Post-retirement Benefits</span></p></td></tr><tr><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 48.1%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Net actuarial loss </span></p></td><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">$</span></p></td><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 19.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">8,021</span></p></td><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.2%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">$</span></p></td><td style="background: #CCEEFF;border-bottom-style: none;border-left-style: none;border-right-style: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 23.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">531</span></p></td></tr><tr><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 48.1%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Prior service cost (credit)</span></p></td><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 19.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">591</span></p></td><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.2%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 2.9%;"><p dir="ltr" style="text-align:left; font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: #000000;font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p></td><td style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;padding-bottom: 0;padding-left: 0;padding-right: 0;padding-top: 0;vertical-align: bottom;width: 23.9%;"><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0.05pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: right;"><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> (</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">464</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">)</span></p></td></tr></table></div>
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
5131000
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
4548000
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
301000
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
227000
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0650
CY2019Q4 wtrg Authorized Increase In Revenue From Utility Service
AuthorizedIncreaseInRevenueFromUtilityService
76493000
CY2019 wtrg Infrastructure Rehabilitation Surcharge Percentage Reset Level Upon New Base Rates
InfrastructureRehabilitationSurchargePercentageResetLevelUponNewBaseRates
0
CY2019 wtrg Infrastructure Rehabilitation Surcharges
InfrastructureRehabilitationSurcharges
16007000
CY2018 wtrg Infrastructure Rehabilitation Surcharges
InfrastructureRehabilitationSurcharges
31836000
CY2017 wtrg Infrastructure Rehabilitation Surcharges
InfrastructureRehabilitationSurcharges
10255000
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
10
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2019 us-gaap Revenues
Revenues
889692000
CY2018 us-gaap Revenues
Revenues
838091000
CY2019 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
333102000
CY2019Q4 us-gaap Revenues
Revenues
226042000
CY2018 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
308478000
CY2019 us-gaap Depreciation
Depreciation
158179000
CY2018 us-gaap Depreciation
Depreciation
146032000
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-1703000
CY2018 us-gaap Adjustment For Amortization
AdjustmentForAmortization
641000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
340159000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
323178000
CY2019 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
125383000
CY2018 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
99054000
CY2019 us-gaap Interest Income Other
InterestIncomeOther
25406000
CY2018 us-gaap Interest Income Other
InterestIncomeOther
152000
CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
16172000
CY2018 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
13023000
CY2019 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-2210000
CY2018 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-2081000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13017000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13669000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
224543000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
191988000
CY2019 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
550273000
CY2018 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
495737000
CY2019Q4 us-gaap Assets
Assets
9361985000
CY2018Q4 us-gaap Assets
Assets
6964496000
CY2017 us-gaap Revenues
Revenues
809525000
CY2017 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
282253000
CY2017 us-gaap Depreciation
Depreciation
136302000
CY2017 us-gaap Adjustment For Amortization
AdjustmentForAmortization
422000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
333920000
CY2017 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
88543000
CY2017 us-gaap Interest Income Other
InterestIncomeOther
202000
CY2017 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
15211000
CY2017 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-331000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16914000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
239738000
CY2017 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
478089000
CY2017Q4 us-gaap Assets
Assets
6332463000
CY2019Q1 us-gaap Revenues
Revenues
201132000
CY2019Q2 us-gaap Revenues
Revenues
218892000
CY2019Q3 us-gaap Revenues
Revenues
243626000
CY2019Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
86445000
CY2019 us-gaap Revenues
Revenues
889692000
CY2019Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
79314000
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2190
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2190
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2343
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2343
CY2019Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
82022000
CY2019Q4 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
85321000
CY2019 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
333102000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
67439000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
80949000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
106470000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
85301000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
340159000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
16924000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
54903000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
88489000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
64227000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
224543000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.9066
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2190
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2190
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2343
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2343
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.9066
CY2018Q1 us-gaap Revenues
Revenues
194347000
CY2018Q2 us-gaap Revenues
Revenues
211860000
CY2018Q3 us-gaap Revenues
Revenues
226137000
CY2018Q4 us-gaap Revenues
Revenues
205747000
CY2018 us-gaap Revenues
Revenues
838091000
CY2018Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
73946000
CY2018Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
73515000
CY2018Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
68624000
CY2018Q4 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
92393000
CY2018 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
308478000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
69337000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
86754000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
104293000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
62794000
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.8474
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
323178000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
50839000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
66590000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
78216000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-3657000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
191988000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2047
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2047
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2190
CY2018Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2190
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.8474
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2047
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2047
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2190
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2190

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