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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Property, plant and equipment, at cost $ 13,737,387 $ 12,610,376
Less: accumulated depreciation 2,606,441 2,358,510
Net property, plant and equipment 11,130,946 10,251,866
Current assets:    
Cash and cash equivalents 11,398 10,567
Accounts receivable, net 206,324 141,025
Unbilled revenues 170,504 119,896
Inventory - materials and supplies 46,592 33,756
Inventory - gas stored 153,143 75,804
Current assets held for sale 11,167  
Prepayments and other current assets 39,759 36,597
Regulatory assets 19,272 20,150
Total current assets 658,159 437,795
Regulatory assets 1,342,753 1,429,840
Deferred charges and other assets, net 166,653 141,955
Funds restricted for construction activity 1,342 1,313
Goodwill 2,340,792 2,340,815
Non-current assets held for sale 32,124  
Operating lease right-of-use assets 41,734 48,930
Intangible assets 4,604 5,764
Total assets 15,719,107 14,658,278
Essential Utilities stockholders' equity:    
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 266,973,321 and 256,102,388 as of December 31, 2022 and December 31, 2021 133,486 128,050
Capital in excess of par value 3,793,262 3,705,814
Retained earnings 1,534,331 1,434,201
Treasury stock, at cost, 3,236,237 and 3,234,765 shares as of December 31, 2022 and December 31, 2021 (83,693) (83,615)
Total stockholders' equity 5,377,386 5,184,450
Long-term debt, excluding current portion 6,418,039 5,815,211
Less: debt issuance costs 46,982 35,707
Long-term debt, excluding current portion, net of debt issuance costs 6,371,057 5,779,504
Commitments and contingencies (See Note 9)
Current liabilities:    
Current portion of long-term debt 199,356 132,146
Loans payable 228,500 65,000
Accounts payable 238,843 192,932
Book overdraft 28,694 81,722
Accrued interest 47,063 40,815
Accrued taxes 34,393 37,924
Liabilities related to assets held for sale 3,263  
Regulatory liabilities 35,276 384
Dividends payable 75,808  
Other accrued liabilities 130,673 124,140
Total current liabilities 1,021,869 675,063
Deferred credits and other liabilities:    
Deferred income taxes and investment tax credits 1,345,766 1,406,537
Customers' advances for construction 114,732 103,619
Regulatory liabilities 778,754 769,617
Asset retirement obligations 843 1,256
Operating lease liabilities 37,666 48,230
Non-current liabilities related to assets held for sale 974  
Pension and other postretirement benefit liabilities 31,244 50,226
Other 28,562 43,666
Total deferred credits and other liabilities 2,338,541 2,423,151
Contributions in aid of construction 610,254 596,110
Total liabilities and equity $ 15,719,107 $ 14,658,278