$YORW
YORK WATER CO

2023 Q4 Form 10-Q Financial Statement

#000010898523000103 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $18.10M $18.77M
YoY Change 19.75% 18.7%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.865M $2.610M
YoY Change 21.3% 12.11%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.966M $2.950M
YoY Change 14.34% 14.7%
% of Gross Profit
Operating Expenses $10.93M $10.33M
YoY Change 16.84% 98.31%
Operating Profit $8.433M
YoY Change 23.0%
Interest Expense -$577.0K $1.850M
YoY Change -28.68% 53.65%
% of Operating Profit 21.94%
Other Income/Expense, Net -$393.0K -$1.026M
YoY Change -273.13% -18.38%
Pretax Income $6.194M $7.407M
YoY Change 19.74% 32.29%
Income Tax $182.0K -$161.0K
% Of Pretax Income 2.94% -2.17%
Net Earnings $6.012M $7.568M
YoY Change 19.98% 33.22%
Net Earnings / Revenue 33.22% 40.33%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.42 $0.53
COMMON SHARES
Basic Shares Outstanding 14.32M 14.31M
Diluted Shares Outstanding 14.30M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000K $0.00
YoY Change 0.0% -100.0%
Cash & Equivalents $1.000K $1.000K
Short-Term Investments
Other Short-Term Assets $4.305M $4.900M
YoY Change -0.23% 5.58%
Inventory $3.109M $3.200M
Prepaid Expenses $821.0K $1.703M
Receivables $7.837M $7.354M
Other Receivables $924.0K $800.0K
Total Short-Term Assets $15.58M $16.11M
YoY Change 9.48% 20.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.569M $1.580M
YoY Change 125.43% 115.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.764M $4.687M
YoY Change 4.25% 3.76%
Total Long-Term Assets $572.6M $545.6M
YoY Change 15.36% 13.6%
TOTAL ASSETS
Total Short-Term Assets $15.58M $16.11M
Total Long-Term Assets $572.6M $545.6M
Total Assets $588.2M $561.8M
YoY Change 15.2% 13.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.87M $12.28M
YoY Change 0.99% 1.66%
Accrued Expenses $502.0K $403.0K
YoY Change 2.87% 0.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $18.14M $19.13M
YoY Change 6.84% -25.72%
LONG-TERM LIABILITIES
Long-Term Debt $180.0M $167.8M
YoY Change 29.07% 43.65%
Other Long-Term Liabilities $632.0K $303.0K
YoY Change -7.06% -57.74%
Total Long-Term Liabilities $180.6M $168.1M
YoY Change 28.89% 43.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.14M $19.13M
Total Long-Term Liabilities $180.6M $168.1M
Total Liabilities $198.8M $187.2M
YoY Change 26.51% 30.67%
SHAREHOLDERS EQUITY
Retained Earnings $85.00M $82.01M
YoY Change 16.5% 15.76%
Common Stock $136.2M $135.7M
YoY Change 1.46% 1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $221.2M $217.7M
YoY Change
Total Liabilities & Shareholders Equity $588.2M $561.8M
YoY Change 15.2% 13.79%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $6.012M $7.568M
YoY Change 19.98% 33.22%
Depreciation, Depletion And Amortization $2.966M $2.950M
YoY Change 14.34% 14.7%
Cash From Operating Activities $8.498M $8.810M
YoY Change 80.54% 39.89%
INVESTING ACTIVITIES
Capital Expenditures $18.30M $16.61M
YoY Change 11.03% -210.39%
Acquisitions
YoY Change
Other Investing Activities -$585.0K $0.00
YoY Change 4.09% -100.0%
Cash From Investing Activities -$18.88M -$16.62M
YoY Change 10.8% -7.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.39M 7.810M
YoY Change -15.81% -12.55%
NET CHANGE
Cash From Operating Activities 8.498M 8.810M
Cash From Investing Activities -18.88M -16.62M
Cash From Financing Activities 10.39M 7.810M
Net Change In Cash 0.00000001304 -0.0000000009313
YoY Change 1300.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $8.498M $8.810M
Capital Expenditures $18.30M $16.61M
Free Cash Flow -$9.802M -$7.800M
YoY Change -16.76% -136.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1200000
CY2022Q3 us-gaap Interest Expense
InterestExpense
1204000
us-gaap Interest Expense
InterestExpense
5041000
us-gaap Interest Expense
InterestExpense
3706000
yorw Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
663000
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
yorw Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
125000
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Entity File Number
EntityFileNumber
001-34245
dei Entity Registrant Name
EntityRegistrantName
YORK WATER CO
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
23-1242500
dei Entity Address Address Line1
EntityAddressAddressLine1
130 East Market Street
dei Entity Address City Or Town
EntityAddressCityOrTown
York
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
17401
dei City Area Code
CityAreaCode
717
dei Local Phone Number
LocalPhoneNumber
845-3601
dei Security12b Title
Security12bTitle
Common Stock, No par value
dei Trading Symbol
TradingSymbol
YORW
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 us-gaap Interest Expense
InterestExpense
1850000
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000108985
us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
14321761
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
43970000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
170450000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
142110000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
150000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
158000
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2531000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2487000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
167769000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
139465000

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0000108985-23-000103.txt Edgar Link pending
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