XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating revenues      
Total Operating Revenues $ 88,141 $ 83,595 $ 80,411
Operating expenses      
Utility operating expenses 40,338 39,189 38,330
Non-utility operating expenses 3,277 3,315 2,879
Depreciation and amortization 11,143 10,803 10,288
State and federal income taxes expense (benefit)      
Current 8,073 8,420 4,172
Deferred (2,389) (3,239) 819
Property and other taxes 5,404 5,182 4,968
Total Operating Expenses 65,846 63,670 61,456
Operating income 22,295 19,925 18,955
Other income, net      
Allowance for funds used during construction (AFUDC) 1,170 1,410 622
Miscellaneous (expense) income 971 614 953
Total other income 2,141 2,024 1,575
Income before interest charges 24,436 21,949 20,530
Interest charges 7,619 7,024 6,252
Net income applicable to common stock $ 16,817 $ 14,925 $ 14,278
Income per common share:      
Basic (in dollars per share) $ 1.80 $ 1.61 $ 1.55
Diluted (in dollars per share) $ 1.79 $ 1.60 $ 1.54
Weighted average common shares outstanding:      
Basic (in shares) 9,327 9,277 9,239
Diluted (in shares) 9,369 9,326 9,293
Cash dividends per share of common stock (in dollars per share) $ 1.01 $ 0.9837 $ 0.9549
Water Sales [Member]      
Operating revenues      
Total Operating Revenues $ 76,476 $ 73,609 $ 70,829
Other Utility Operating Revenue [Member]      
Operating revenues      
Total Operating Revenues 6,525 4,916 4,456
Non-Utility Operating Revenue [Member]      
Operating revenues      
Total Operating Revenues $ 5,140 $ 5,070 $ 5,126