XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues $ 116,665,000 $ 107,054,000 $ 98,667,000
Operating Expenses      
Operation and Maintenance 52,006,000 47,130,000 43,155,000
Depreciation 18,692,000 16,684,000 13,905,000
Income Taxes (2,008,000) (1,993,000) 2,570,000
Taxes Other Than Income Taxes 11,874,000 10,941,000 9,796,000
Total Operating Expenses 80,564,000 72,762,000 69,426,000
Net Operating Revenues 36,101,000 34,292,000 29,241,000
Other Utility Income, Net of Taxes 1,078,000 824,000 744,000
Total Utility Operating Income 37,179,000 35,116,000 29,985,000
Other Income (Deductions), Net of Taxes      
Gain (Loss) on Real Estate Transactions 629,000 33,000 (54,000)
Non-Water Sales Earnings 1,807,000 1,167,000 1,219,000
Allowance for Funds Used During Construction 465,000 774,000 1,198,000
Merger and Acquisition Costs (10,819,000) (392,000) (302,000)
Other (1,442,000) (2,803,000) (1,743,000)
Total Other Income, Net of Taxes (9,360,000) (1,221,000) 318,000
Interest and Debt Expense      
Interest on Long-Term Debt 10,387,000 9,054,000 7,714,000
Interest Expense, Other 537,000    
Other Interest Charges   (359,000) (922,000)
Amortization of Debt Expense 200,000 146,000 124,000
Total Interest and Debt Expense 11,124,000 8,841,000 6,916,000
Net Income 16,695,000 25,054,000 23,387,000
Preferred Stock Dividend Requirement 10,000 38,000 38,000
Net Income Applicable to Common Stock $ 16,685,000 $ 25,016,000 $ 23,349,000
Weighted Average Common Shares Outstanding:      
Basic (in shares) 11,914 11,540 11,009
Diluted (in shares) 12,065 11,762 11,228
Earnings Per Common Share:      
Basic (in dollars per share) $ 1.40 $ 2.17 $ 2.12
Diluted (in dollars per share) $ 1.38 $ 2.13 $ 2.08
Adjustment to post-retirement benefit plans, net of tax benefit (expense) of $15, $(505), and $735 in 2016, 2015, and 2014, respectively $ 127,000 $ 289,000 $ (24,000)
Unrealized Investment gain (loss), net of tax (expense) benefit of $(22), $62 and $(25), in 2016, 2015, and 2014, respectively (184,000) 207,000 35,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (57,000) 496,000 11,000
Comprehensive Income $ 16,638,000 $ 25,550,000 $ 23,398,000