$WTRG
Essential Utilities, Inc.

2024 Q2 Form 10-Q Financial Statement

#000156276224000128 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $434.4M $612.1M
YoY Change -0.53% -15.75%
Cost Of Revenue $33.73M $129.7M
YoY Change -19.57% -49.41%
Gross Profit $400.7M $482.4M
YoY Change 1.5% 2.61%
Gross Profit Margin 92.24% 78.81%
Selling, General & Admin $2.729M $1.095M
YoY Change 39.09% -68.01%
% of Gross Profit 0.68% 0.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.58M $89.80M
YoY Change 4.57% 7.17%
% of Gross Profit 22.36% 18.62%
Operating Expenses $255.4M $251.7M
YoY Change 6.63% 2.89%
Operating Profit $145.3M $230.7M
YoY Change -6.42% 2.3%
Interest Expense $73.05M -$67.60M
YoY Change -212.74% -193.03%
% of Operating Profit 50.28% -29.31%
Other Income/Expense, Net -$701.0K $442.0K
YoY Change -317.03% 84.17%
Pretax Income $77.25M $255.1M
YoY Change -15.12% 59.66%
Income Tax $1.864M -$10.64M
% Of Pretax Income 2.41% -4.17%
Net Earnings $75.39M $265.8M
YoY Change -17.4% 38.83%
Net Earnings / Revenue 17.35% 43.42%
Basic Earnings Per Share $0.28 $0.97
Diluted Earnings Per Share $0.28 $0.97
COMMON SHARES
Basic Shares Outstanding 273.5M 273.3M
Diluted Shares Outstanding 274.0M 273.7M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.82M $35.20M
YoY Change 61.65% 74.7%
Cash & Equivalents $18.82M $35.20M
Short-Term Investments
Other Short-Term Assets $119.6M $152.9M
YoY Change -12.45% -15.11%
Inventory $84.54M $66.80M
Prepaid Expenses
Receivables $139.8M $164.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $362.7M $419.5M
YoY Change -10.81% -17.7%
LONG-TERM ASSETS
Property, Plant & Equipment $12.52B $12.26B
YoY Change 7.65% 8.51%
Goodwill $2.341B $2.341B
YoY Change 0.0% 0.0%
Intangibles $3.433M $3.513M
YoY Change -18.67% -20.38%
Long-Term Investments
YoY Change
Other Assets $1.991B $1.999B
YoY Change 15.76% 22.8%
Total Long-Term Assets $16.89B $16.63B
YoY Change 7.61% 8.66%
TOTAL ASSETS
Total Short-Term Assets $362.7M $419.5M
Total Long-Term Assets $16.89B $16.63B
Total Assets $17.25B $17.05B
YoY Change 7.14% 7.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $204.8M $161.2M
YoY Change 14.46% 3.52%
Accrued Expenses $143.7M $130.1M
YoY Change -20.61% 13.9%
Deferred Revenue
YoY Change
Short-Term Debt $93.27M $87.50M
YoY Change 94.13% 288.89%
Long-Term Debt Due $71.79M $67.25M
YoY Change -63.88% -66.15%
Total Short-Term Liabilities $629.2M $678.6M
YoY Change -17.77% -15.52%
LONG-TERM LIABILITIES
Long-Term Debt $7.011B $6.856B
YoY Change 5.98% 5.73%
Other Long-Term Liabilities $23.72M $23.70M
YoY Change -98.56% -13.15%
Total Long-Term Liabilities $7.035B $6.880B
YoY Change -14.87% 5.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $629.2M $678.6M
Total Long-Term Liabilities $7.035B $6.880B
Total Liabilities $7.664B $7.558B
YoY Change -26.92% 3.33%
SHAREHOLDERS EQUITY
Retained Earnings $1.964B $1.889B
YoY Change 12.81% 14.48%
Common Stock $4.288B $4.281B
YoY Change 8.25% 8.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.20M $88.44M
YoY Change 1.27% 1.27%
Treasury Stock Shares
Shareholders Equity $6.163B $6.081B
YoY Change
Total Liabilities & Shareholders Equity $17.25B $17.05B
YoY Change 7.14% 7.81%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $75.39M $265.8M
YoY Change -17.4% 38.83%
Depreciation, Depletion And Amortization $89.58M $89.80M
YoY Change 4.57% 7.17%
Cash From Operating Activities $185.7M $240.7M
YoY Change -15.51% -40.07%
INVESTING ACTIVITIES
Capital Expenditures $295.9M $253.0M
YoY Change -2.63% 3.8%
Acquisitions
YoY Change
Other Investing Activities $242.0K $48.00K
YoY Change -100.96% -114.95%
Cash From Investing Activities -$295.6M -$86.48M
YoY Change -10.19% -64.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $586.6M
YoY Change 410.62%
Cash From Financing Activities 93.53M -123.6M
YoY Change -7.29% -17.39%
NET CHANGE
Cash From Operating Activities 185.7M 240.7M
Cash From Investing Activities -295.6M -86.48M
Cash From Financing Activities 93.53M -123.6M
Net Change In Cash -16.38M 30.59M
YoY Change 92.56% 249.54%
FREE CASH FLOW
Cash From Operating Activities $185.7M $240.7M
Capital Expenditures $295.9M $253.0M
Free Cash Flow -$110.2M -$12.29M
YoY Change 31.02% -107.78%

Facts In Submission

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