2021 Q4 Form 10-K Financial Statement

#000156276222000068 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $535.7M $1.878B $474.0M
YoY Change 13.01% 28.4% 109.7%
Cost Of Revenue $137.7M $340.3M $92.80M
YoY Change 48.41% 105.35%
Gross Profit $398.0M $1.538B $381.2M
YoY Change 4.4% 18.57%
Gross Profit Margin 74.29% 81.88% 80.42%
Selling, General & Admin $2.934M $7.150M -$2.100M
YoY Change -239.71% 98.61% -32.26%
% of Gross Profit 0.74% 0.46% -0.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.33M $298.0M $71.00M
YoY Change 7.51% 15.91% 75.31%
% of Gross Profit 19.18% 19.37% 18.63%
Operating Expenses $258.4M $935.2M $243.3M
YoY Change 6.2% 14.23% 72.92%
Operating Profit $139.6M $602.7M $137.9M
YoY Change 1.22% 38.65% 61.66%
Interest Expense -$44.81M $207.7M -$47.90M
YoY Change -6.46% 10.23% 120.74%
% of Operating Profit -32.1% 34.46% -34.74%
Other Income/Expense, Net $1.455M $2.848M $200.0K
YoY Change 627.5% -15.81% -114.29%
Pretax Income $96.58M $422.0M $85.50M
YoY Change 12.96% 59.26% 35.5%
Income Tax -$8.214M -$9.612M -$1.900M
% Of Pretax Income -8.51% -2.28% -2.22%
Net Earnings $116.5M $431.6M $102.7M
YoY Change 13.44% 51.52% 59.9%
Net Earnings / Revenue 21.75% 22.98% 21.67%
Basic Earnings Per Share $1.68
Diluted Earnings Per Share $443.9K $1.67 $403.7K
COMMON SHARES
Basic Shares Outstanding 252.7M 257.5M 245.3M
Diluted Shares Outstanding 258.2M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.57M $10.57M $5.000M
YoY Change 111.34% 111.34% -99.73%
Cash & Equivalents $10.57M $10.57M $4.827M
Short-Term Investments
Other Short-Term Assets $176.6M $176.6M $163.0M
YoY Change 8.37% 8.37% 171.67%
Inventory $109.6M $109.6M $58.00M
Prepaid Expenses
Receivables $141.0M $139.7M $154.8M
Other Receivables $0.00 $1.283M $0.00
Total Short-Term Assets $437.8M $437.8M $380.2M
YoY Change 15.14% 15.21% -81.13%
LONG-TERM ASSETS
Property, Plant & Equipment $10.25B $10.30B $9.513B
YoY Change 7.77% 7.6% 49.91%
Goodwill $2.341B $2.325B
YoY Change 0.7% 3542.23%
Intangibles $5.764M $7.241M
YoY Change -20.4%
Long-Term Investments
YoY Change
Other Assets $1.573B $1.573B $1.420B
YoY Change 10.78% 10.78% 54.68%
Total Long-Term Assets $14.22B $14.22B $13.33B
YoY Change 6.72% 6.72% 81.37%
TOTAL ASSETS
Total Short-Term Assets $437.8M $437.8M $380.2M
Total Long-Term Assets $14.22B $14.22B $13.33B
Total Assets $14.66B $14.66B $13.71B
YoY Change 6.95% 6.96% 46.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $192.9M $192.9M $177.5M
YoY Change 8.7% 9.0% 136.91%
Accrued Expenses $124.1M $165.0M $123.4M
YoY Change 0.61% 1.2% 148.67%
Deferred Revenue
YoY Change
Short-Term Debt $65.00M $65.00M $78.00M
YoY Change -16.67% -16.67% 200.0%
Long-Term Debt Due $132.1M $132.1M $84.35M
YoY Change 56.66% 57.32% -19.7%
Total Short-Term Liabilities $675.1M $675.1M $603.9M
YoY Change 11.79% 11.77% 86.69%
LONG-TERM LIABILITIES
Long-Term Debt $5.780B $5.780B $5.508B
YoY Change 4.93% 4.93% 87.13%
Other Long-Term Liabilities $43.67M $1.613B $56.71M
YoY Change -23.01% -2.38% 71.55%
Total Long-Term Liabilities $5.823B $7.392B $5.564B
YoY Change 4.65% 3.24% 86.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $675.1M $675.1M $603.9M
Total Long-Term Liabilities $5.823B $7.392B $5.564B
Total Liabilities $6.498B $9.474B $6.168B
YoY Change 5.35% 5.02% 86.93%
SHAREHOLDERS EQUITY
Retained Earnings $1.434B $1.262B
YoY Change 13.66% 4.28%
Common Stock $3.834B $3.503B
YoY Change 9.43% 27.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $83.62M $81.33M
YoY Change 2.81% 4.67%
Treasury Stock Shares $3.235M $3.181M
Shareholders Equity $5.184B $5.184B $4.684B
YoY Change
Total Liabilities & Shareholders Equity $14.66B $14.66B $13.71B
YoY Change 6.95% 6.96% 46.39%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $116.5M $431.6M $102.7M
YoY Change 13.44% 51.52% 59.9%
Depreciation, Depletion And Amortization $76.33M $298.0M $71.00M
YoY Change 7.51% 15.91% 75.31%
Cash From Operating Activities $82.83M $644.7M $87.30M
YoY Change -5.12% 26.9% -21.0%
INVESTING ACTIVITIES
Capital Expenditures -$344.7M -$1.021B -$281.5M
YoY Change 22.44% 22.13% 89.31%
Acquisitions
YoY Change
Other Investing Activities -$514.0K $1.032M -$32.50M
YoY Change -98.42% -160.85% -44.25%
Cash From Investing Activities -$345.2M -$1.056B -$314.1M
YoY Change 9.9% -75.63% 51.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.291M
YoY Change -24.6%
Debt Paid & Issued, Net $769.5M
YoY Change -57.73%
Cash From Financing Activities 263.2M 417.1M 222.9M
YoY Change 18.08% -78.74% -442.92%
NET CHANGE
Cash From Operating Activities 82.83M 644.7M 87.30M
Cash From Investing Activities -345.2M -1.056B -314.1M
Cash From Financing Activities 263.2M 417.1M 222.9M
Net Change In Cash 831.0K 5.740M -3.900M
YoY Change -121.31% -100.31% -97.59%
FREE CASH FLOW
Cash From Operating Activities $82.83M $644.7M $87.30M
Capital Expenditures -$344.7M -$1.021B -$281.5M
Free Cash Flow $427.5M $1.665B $368.8M
YoY Change 15.92% 23.93% 42.28%

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CY2021 us-gaap Nature Of Operations
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Nature of Operations ─ Essential Utilities, Inc. (“Essential Utilities,” the “Company,” “we,” “our”, or “us”) is the holding company for regulated utilities providing water, wastewater, or natural gas services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. One of our largest operating subsidiaries is Aqua Pennsylvania, Inc., which accounted for approximately 55% of our Regulated Water segment’s operating revenues and approximately 68% of our Regulated Water segment’s income for 2021. As of December 31, 2021, Aqua Pennsylvania provided water or wastewater services to approximately one-half of the total number of Regulated Water customers we serve. Aqua Pennsylvania’s service territory is located in the suburban areas north and west of the City of Philadelphia and in 27 other counties in Pennsylvania. The Company’s other regulated water or wastewater utility subsidiaries provide similar services in seven additional states. Additionally, pursuant to the Company’s growth strategy, commencing on March 16, 2020 with the completion of the Peoples Gas Acquisition, the Company began to provide natural gas distribution services to customers in western Pennsylvania, Kentucky, and West Virginia. Approximately 93% of the total number of natural gas utility customers we serve are in western Pennsylvania. Lastly, the Company’s market-based activities are conducted through Aqua Infrastructure LLC, and Aqua Resources, Inc., and certain other non-regulated subsidiaries of Peoples. Prior to our October 2020 sale of our investment in a joint venture, Aqua Infrastructure provided non-utility raw water supply services for firms in the natural gas drilling industry. Aqua Resources offers, through a third-party, water and sewer line protection solutions and repair services to households. Other non-regulated subsidiaries of Peoples provide utility service line protection services to households and operate gas marketing and production businesses. The Company has identified twelve operating segments and has two reportable segments. The Regulated Water segment is comprised of eight operating segments representing its water and wastewater regulated utility companies, which are organized by the states where the Company provides water and wastewater 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. The Regulated Natural Gas segment is comprised of one operating segment representing natural gas utility companies, acquired in the Peoples Gas Acquisition, where the Company provides natural gas distribution services. In addition, our non-regulated natural gas operations, 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 and Regulated Natural Gas segments, because they would not be recoverable as a cost of utility service, and intersegment eliminations.
CY2021 us-gaap Number Of Operating Segments
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12
CY2021 us-gaap Number Of Reportable Segments
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2
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PublicUtilitiesPropertyPlantAndEquipmentAmountOfAcquisitionAdjustments1
12215000
CY2021 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2842000
CY2020 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2895000
CY2019 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
6076000
CY2021Q4 wtrg Capitalized Costs Included In Property Plant And Equipment
CapitalizedCostsIncludedInPropertyPlantAndEquipment
1635000
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
52810000
CY2021 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
Impairment of Long-Lived Assets - Long-lived assets of the Company, which consist primarily of utility plant in service, operating lease right-of-use assets and intangible assets, are reviewed for impairment when changes in circumstances or events occur. These circumstances or events could include a decline in the market value or physical condition of a long-lived asset, an adverse change in the manner in which long-lived assets are used or planned to be used, a change in historical trends, operating cash flows associated with the long-lived assets, changes in macroeconomic conditions, industry and market conditions, or overall financial performance. When these circumstances or events occur, the Company determines whether it is more likely than not that the fair value of those assets is less than their carrying amount. If the Company determines that it is more likely than not (that is, the likelihood of more than 50 percent), the Company would recognize an impairment charge if it is determined that the carrying amount of an asset exceeds the sum of the undiscounted estimated cash flows. In this circumstance, the Company would recognize an impairment charge equal to the difference between the carrying amount and the fair value of the asset. Fair value is estimated to be the present value of future net cash flows associated with the asset, discounted using a discount rate commensurate with the risk and remaining life of the asset. During the year ended December 31, 2021, the Company recorded an impairment loss to write down a portion of the operating lease right-of-use asset for office space not used in operations to fair value. Refer to Note 10 – Leases, for further details. Regulatory assets are reviewed for the continued application of the FASB accounting guidance for regulated operations. The Company’s review determines whether there have been changes in circumstances or events, such as regulatory disallowances, or abandonments, that have occurred that require adjustments to the carrying value of these assets. Adjustments to the carrying value of these assets would be made in instances where their inclusion in the rate-making process is unlikely. For utility plant in service, we would recognize an impairment loss for any amount disallowed by the respective utility commission.
CY2021Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
16282000
CY2020Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
8253000
CY2019Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
11941000
CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
0
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
0
CY2021Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
81722000
CY2020Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
44003000
CY2019Q4 us-gaap Goodwill
Goodwill
63822000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2263643000
CY2020 wtrg Reclassification Of Goodwill Acquisition Adjustment
ReclassificationOfGoodwillAcquisitionAdjustment
-2918000
CY2020Q4 us-gaap Goodwill
Goodwill
2324547000
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
16400000
CY2021 wtrg Reclassification Of Goodwill Acquisition Adjustment
ReclassificationOfGoodwillAcquisitionAdjustment
-132000
CY2021Q4 us-gaap Goodwill
Goodwill
2340815000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12610376000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11620019000
CY2021Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
197815000
CY2020Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
189280000
CY2021Q4 us-gaap Other Receivables
OtherReceivables
1283000
CY2020Q4 us-gaap Other Receivables
OtherReceivables
5594000
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
199098000
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
194874000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
58073000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40099000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
141025000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
154775000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40099000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7353000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6914000
CY2021 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
27336000
CY2020 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
32325000
CY2019 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
5306000
CY2021 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
19731000
CY2020 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
12613000
CY2021 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
10369000
CY2020 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
13034000
CY2019 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
1113000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
58073000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40099000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7353000
CY2021Q4 us-gaap Regulatory Assets
RegulatoryAssets
1449990000
CY2021Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
770001000
CY2020Q4 us-gaap Regulatory Assets
RegulatoryAssets
1367873000
CY2020Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
793176000
CY2021 wtrg Tax Adjustment Amortization Period
TaxAdjustmentAmortizationPeriod
P10Y
CY2013 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2014 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2015 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2016 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2017 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2018 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2019 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2020 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2019Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
25237000
CY2019Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
313500000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-5132000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1831000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-4415000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4034000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-265000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1834000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1098000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2096000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2581000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3036000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-11527000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19878000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13017000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3906000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-11550000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6255000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6530000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8514000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17782000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10436000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9612000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.023
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.075
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.062
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
88620000
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
55644000
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
44420000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-76534000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-53532000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-48518000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1681000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6896000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3616000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
925000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
140000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
347000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
611000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1484000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
167000
CY2021 us-gaap Employee Stock Ownership Plan Esop Tax Benefit Of Dividends Paid To Plan
EmployeeStockOwnershipPlanESOPTaxBenefitOfDividendsPaidToPlan
330000
CY2020 us-gaap Employee Stock Ownership Plan Esop Tax Benefit Of Dividends Paid To Plan
EmployeeStockOwnershipPlanESOPTaxBenefitOfDividendsPaidToPlan
315000
CY2019 us-gaap Employee Stock Ownership Plan Esop Tax Benefit Of Dividends Paid To Plan
EmployeeStockOwnershipPlanESOPTaxBenefitOfDividendsPaidToPlan
315000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
314000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
319000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
361000
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-11715000
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-15352000
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-6323000
CY2021 wtrg Effective Income Tax Rate Reconciliation Acquisitions And Reorganizations
EffectiveIncomeTaxRateReconciliationAcquisitionsAndReorganizations
-4632000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3340000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2236000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1516000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9612000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19878000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13017000
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
48965000
CY2020 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
49077000
CY2019 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
66816000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19194000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18671000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1007000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
523000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20201000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19194000
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2021Q4 wtrg Accrued Interest Uncertain Tax Positions
AccruedInterestUncertainTaxPositions
409000
CY2020Q4 wtrg Accrued Interest Uncertain Tax Positions
AccruedInterestUncertainTaxPositions
24000
CY2021Q4 wtrg Deferred Tax Assets Customers Advances For Construction
DeferredTaxAssetsCustomersAdvancesForConstruction
28845000
CY2020Q4 wtrg Deferred Tax Assets Customers Advances For Construction
DeferredTaxAssetsCustomersAdvancesForConstruction
30155000
CY2021Q4 wtrg Deferred Tax Assets Costs Expensed For Book Not Deducted For Tax Principally Accrued Expenses
DeferredTaxAssetsCostsExpensedForBookNotDeductedForTaxPrincipallyAccruedExpenses
28211000
CY2020Q4 wtrg Deferred Tax Assets Costs Expensed For Book Not Deducted For Tax Principally Accrued Expenses
DeferredTaxAssetsCostsExpensedForBookNotDeductedForTaxPrincipallyAccruedExpenses
11441000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
5186000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
51914000
CY2021Q4 wtrg Deferred Tax Assets Tax Effect Of Regulatory Asset For Postretirement Benefits
DeferredTaxAssetsTaxEffectOfRegulatoryAssetForPostretirementBenefits
16080000
CY2021Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
243131000
CY2020Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
206347000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
16064000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
17432000
CY2020Q4 wtrg Deferred Tax Assets Unrecovered Purchased Gas Costs
DeferredTaxAssetsUnrecoveredPurchasedGasCosts
5239000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
7586000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
10979000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
345103000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
333507000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
36662000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
34772000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
308441000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
298735000
CY2021Q4 wtrg Deferred Tax Liabilities Utility Plant Principally Due To Depreciation And Differences In Basis Of Fixed Assets Due To Variation In Tax And Book Accounting
DeferredTaxLiabilitiesUtilityPlantPrincipallyDueToDepreciationAndDifferencesInBasisOfFixedAssetsDueToVariationInTaxAndBookAccounting
1510752000
CY2020Q4 wtrg Deferred Tax Liabilities Utility Plant Principally Due To Depreciation And Differences In Basis Of Fixed Assets Due To Variation In Tax And Book Accounting
DeferredTaxLiabilitiesUtilityPlantPrincipallyDueToDepreciationAndDifferencesInBasisOfFixedAssetsDueToVariationInTaxAndBookAccounting
1298127000
CY2021Q4 wtrg Deferred Tax Liabilities Deferred Taxes Associated With Gross Up Of Revenues Necessary To Recover In Rates Effect Of Temporary Differences
DeferredTaxLiabilitiesDeferredTaxesAssociatedWithGrossUpOfRevenuesNecessaryToRecoverInRatesEffectOfTemporaryDifferences
179825000
CY2020Q4 wtrg Deferred Tax Liabilities Deferred Taxes Associated With Gross Up Of Revenues Necessary To Recover In Rates Effect Of Temporary Differences
DeferredTaxLiabilitiesDeferredTaxesAssociatedWithGrossUpOfRevenuesNecessaryToRecoverInRatesEffectOfTemporaryDifferences
205869000
CY2020Q4 wtrg Deferred Tax Liabilities Tax Effect Of Regulatory Asset For Postretirement Benefits
DeferredTaxLiabilitiesTaxEffectOfRegulatoryAssetForPostretirementBenefits
30441000
CY2021Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
222000
CY2020Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
195000
CY2021Q4 wtrg Deferred Tax Liabilities Deferred Investment Tax Credit
DeferredTaxLiabilitiesDeferredInvestmentTaxCredit
5406000
CY2020Q4 wtrg Deferred Tax Liabilities Deferred Investment Tax Credit
DeferredTaxLiabilitiesDeferredInvestmentTaxCredit
5744000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
14034000
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
16457000
CY2021Q4 wtrg Deferred Tax Liabilities Unrecovered Purchased Gas Costs
DeferredTaxLiabilitiesUnrecoveredPurchasedGasCosts
4739000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1714978000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1556833000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1406537000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1258098000
CY2020Q1 wtrg Deferred Income Tax Benefit Catch Up Bonus
DeferredIncomeTaxBenefitCatchUpBonus
160655000
CY2021Q3 wtrg Contribution To Customer Bill Payment Assistance Program
ContributionToCustomerBillPaymentAssistanceProgram
500000
CY2021Q4 wtrg Contribution To Covid Relief Program
ContributionToCovidReliefProgram
5000000
CY2021 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
86641000
CY2020 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
76597000
CY2019 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
59955000
CY2021Q4 wtrg Estimated Annual Commitments To Purchase Water Through Next Five Years
EstimatedAnnualCommitmentsToPurchaseWaterThroughNextFiveYears
3322000
CY2021 wtrg Long Term Purchase Aggregate Commitment Remaining Years
LongTermPurchaseAggregateCommitmentRemainingYears
331000
CY2021 wtrg Purchase Obligation Term
PurchaseObligationTerm
P20Y
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
3120000
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
1038000
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
RecordedUnconditionalPurchaseObligationDueInThirdYear
1055000
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fourth Year
RecordedUnconditionalPurchaseObligationDueInFourthYear
1078000
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fifth Year
RecordedUnconditionalPurchaseObligationDueInFifthYear
1102000
CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation Due After Fifth Year
RecordedUnconditionalPurchaseObligationDueAfterFifthYear
3261000
CY2021 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
5867000
CY2020 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
5931000
CY2019 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
6577000
CY2021 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
1017000
CY2020 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
1006000
CY2019 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
989000
CY2021 wtrg Water Treatment Expense Under Contractual Agreement
WaterTreatmentExpenseUnderContractualAgreement
340262000
CY2020 wtrg Water Treatment Expense Under Contractual Agreement
WaterTreatmentExpenseUnderContractualAgreement
165745000
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
17215000
CY2021Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
2458000
CY2020Q3 wtrg Insurance Proceeds
InsuranceProceeds
2874000
CY2021 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
2470000
CY2020 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
1535000
CY2021Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P50Y
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
9716000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
8496000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
2183000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
9612000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6324000
CY2021Q4 wtrg Operating Lease Right Of Use Asset Net
OperatingLeaseRightOfUseAssetNet
48930000
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CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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20.50
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CY2020 us-gaap Defined Benefit Plan Special Termination Benefits
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0.056
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
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20390000
CY2021Q4 wtrg Authorized Increase In Revenue From Utility Service
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76493000
CY2021 wtrg Infrastructure Rehabilitation Surcharge Percentage Reset Level Upon New Base Rates
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CY2021 wtrg Infrastructure Rehabilitation Surcharges
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12
CY2021 us-gaap Number Of Reportable Segments
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CY2021 us-gaap Utilities Operating Expense Maintenance And Operations
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