$YORW
YORK WATER CO

2024 Q2 Form 10-Q Financial Statement

#000010898524000037 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $18.75M $17.63M
YoY Change -0.09% 14.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.157M $3.074M
YoY Change 14.51% 15.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.267M $3.083M
YoY Change 8.21% 9.56%
% of Gross Profit
Operating Expenses $11.69M $11.41M
YoY Change 14.02% 14.32%
Operating Profit $7.062M $6.215M
YoY Change -17.07% 14.71%
Interest Expense -$1.836M $2.123M
YoY Change 120.14% 40.32%
% of Operating Profit -26.0% 34.16%
Other Income/Expense, Net -$1.548M -$1.286M
YoY Change 247.87% 5.24%
Pretax Income $5.514M $4.929M
YoY Change -23.81% 17.47%
Income Tax $521.0K $602.0K
% Of Pretax Income 9.45% 12.21%
Net Earnings $4.993M $4.327M
YoY Change -23.47% 18.45%
Net Earnings / Revenue 26.63% 24.55%
Basic Earnings Per Share $0.35 $0.30
Diluted Earnings Per Share $0.35 $0.30
COMMON SHARES
Basic Shares Outstanding 14.34M 14.33M
Diluted Shares Outstanding 14.34M 14.33M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000K $3.321M
YoY Change 0.0% 1900.6%
Cash & Equivalents $1.000K $3.321M
Short-Term Investments
Other Short-Term Assets $5.310M $5.007M
YoY Change -1.03% -3.97%
Inventory $3.584M $3.525M
Prepaid Expenses $1.569M $1.432M
Receivables $7.649M $7.086M
Other Receivables $666.0K $539.0K
Total Short-Term Assets $16.54M $18.94M
YoY Change 7.71% 27.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.550M $1.559M
YoY Change -99.66% -2.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.996M $4.909M
YoY Change -92.53% 5.89%
Total Long-Term Assets $593.8M $583.3M
YoY Change 12.43% 14.46%
TOTAL ASSETS
Total Short-Term Assets $16.54M $18.94M
Total Long-Term Assets $593.8M $583.3M
Total Assets $610.4M $602.3M
YoY Change 12.3% 14.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.96M $11.79M
YoY Change -9.92% 8.48%
Accrued Expenses $441.0K $721.0K
YoY Change -88.03% 0.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.23M $19.33M
YoY Change -0.33% 11.13%
LONG-TERM LIABILITIES
Long-Term Debt $191.1M $189.6M
YoY Change 21.14% 26.75%
Other Long-Term Liabilities $397.0K $458.0K
YoY Change -99.61% -42.1%
Total Long-Term Liabilities $191.5M $190.1M
YoY Change -25.97% 26.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.23M $19.33M
Total Long-Term Liabilities $191.5M $190.1M
Total Liabilities $212.8M $209.4M
YoY Change -35.72% 24.8%
SHAREHOLDERS EQUITY
Retained Earnings $88.28M $86.31M
YoY Change 14.13% 17.08%
Common Stock $137.1M $136.6M
YoY Change 1.43% 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $225.4M $222.9M
YoY Change
Total Liabilities & Shareholders Equity $610.4M $602.3M
YoY Change 12.3% 14.83%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $4.993M $4.327M
YoY Change -23.47% 18.45%
Depreciation, Depletion And Amortization $3.267M $3.083M
YoY Change 8.21% 9.56%
Cash From Operating Activities $6.703M $6.138M
YoY Change -19.94% -1.38%
INVESTING ACTIVITIES
Capital Expenditures $12.41M $8.457M
YoY Change -35.18% -20.07%
Acquisitions
YoY Change
Other Investing Activities -$7.000K -$45.00K
YoY Change -80.0%
Cash From Investing Activities -$12.42M -$8.502M
YoY Change -35.26% -19.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $40.19M
YoY Change 2.47%
Cash From Financing Activities 2.394M 5.684M
YoY Change -77.5% 25.7%
NET CHANGE
Cash From Operating Activities 6.703M 6.138M
Cash From Investing Activities -12.42M -8.502M
Cash From Financing Activities 2.394M 5.684M
Net Change In Cash -3.320M 3.320M
YoY Change 1912.12% 1912.12%
FREE CASH FLOW
Cash From Operating Activities $6.703M $6.138M
Capital Expenditures $12.41M $8.457M
Free Cash Flow -$5.707M -$2.319M
YoY Change -47.02% -46.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 us-gaap Revenues
Revenues
15401000
CY2024Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
4812000
CY2023Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
4112000
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3074000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2666000
CY2024Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
3083000
CY2024Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
11413000
CY2023Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
9983000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6215000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5418000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.3
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4327000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3653000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14324879
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14275866
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2827
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3837
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14327706
CY2024Q1 us-gaap Revenues
Revenues
17628000
CY2023Q1 us-gaap Revenues
Revenues
15401000
CY2024Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
618004
CY2024Q1 yorw Purchase Commitment Committed Capital Expenditures
PurchaseCommitmentCommittedCapitalExpenditures
40073000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17514000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15273000
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
114000
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
128000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.122
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000108985
CY2023Q1 us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
CY2024Q1 us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
CY2024Q1 us-gaap Revenues
Revenues
17628000
CY2023Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
2814000
CY2024Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
444000
CY2023Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
391000
CY2024Q1 us-gaap Interest Expense
InterestExpense
2123000
CY2023Q1 us-gaap Interest Expense
InterestExpense
1513000
CY2024Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
1134000
CY2023Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
749000
CY2024Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
230000
CY2023Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
364000
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-67000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-94000
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1286000
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1222000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4929000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4196000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
602000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
543000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4327000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3653000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.3
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
221178000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4327000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2108
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3022000
CY2024Q1 yorw Issuance Of Common Stock Under Dividend Reinvestment Direct Stock And Employee Stock Purchase Plans
IssuanceOfCommonStockUnderDividendReinvestmentDirectStockAndEmployeeStockPurchasePlans
405000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
43000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
222931000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
207183000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3653000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2027
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2897000
CY2023Q1 yorw Issuance Of Common Stock Under Dividend Reinvestment Direct Stock And Employee Stock Purchase Plans
IssuanceOfCommonStockUnderDividendReinvestmentDirectStockAndEmployeeStockPurchasePlans
405000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
54000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
208398000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14279703
CY2013Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1200000
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 yorw Share Based Compensation Arrangement By Share Based Payment Award Number Of Retiring Key Employees Receiving Accelerated Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfRetiringKeyEmployeesReceivingAcceleratedVestingPeriod
1
CY2024Q1 yorw Share Based Compensation Arrangement By Share Based Payment Award Number Of Retiring Key Employees Receiving Accelerated Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfRetiringKeyEmployeesReceivingAcceleratedVestingPeriod
1
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
0000108985-24-000037-index-headers.html Edgar Link pending
0000108985-24-000037-index.html Edgar Link pending
0000108985-24-000037.txt Edgar Link pending
0000108985-24-000037-xbrl.zip Edgar Link pending
exhibit311.htm Edgar Link pending
exhibit312.htm Edgar Link pending
exhibit321.htm Edgar Link pending
exhibit322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
image01.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10q_htm.xml Edgar Link completed
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
yorw-20240331.xsd Edgar Link pending
yorw-20240331_def.xml Edgar Link unprocessable
yorw-20240331_lab.xml Edgar Link unprocessable
yorw-20240331_pre.xml Edgar Link unprocessable
yorw-20240331_cal.xml Edgar Link unprocessable