Artesian Resources (ARTNA) Financial Statements
Price: $32.22
Market Cap: $330.52M
Avg Volume: 43.98K
Market Cap: $330.52M
Avg Volume: 43.98K
Country: US
Industry: Regulated Water
Sector: Utilities
Industry: Regulated Water
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Artesian Resources.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.95M | $98.86M | $98.90M | $90.86M | $88.14M | $83.59M | $80.41M | $82.23M | $79.09M | $77.02M |
| Cost of Revenue | $54.54M | $50.63M | $50.62M | $45.36M | $43.62M | $42.50M | $41.21M | $41.05M | $38.26M | $38.45M |
| Gross Profit | $53.41M | $48.23M | $48.27M | $45.50M | $44.53M | $41.09M | $39.20M | $41.18M | $40.83M | $38.57M |
| Gross Profit Ratio | 49.48% | 48.78% | 48.81% | 50.08% | 50.52% | 49.15% | 48.75% | 50.08% | 51.62% | 50.08% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Expenses | $27.26M | $25.78M | $18.49M | $17.47M | $16.55M | $15.98M | $953.00K | $226.00K | $557.00K | $472.00K |
| Operating Expenses | $27.26M | $25.78M | $18.49M | $17.47M | $16.55M | $15.98M | $15.26M | $14.29M | $13.68M | $13.21M |
| Cost and Expenses | $81.80M | $76.42M | $69.11M | $62.83M | $60.16M | $58.49M | $56.47M | $55.34M | $51.94M | $51.66M |
| Interest Income | $- | $- | $8.50M | $7.59M | $7.62M | $7.02M | $- | $- | $- | $- |
| Interest Expense | $8.78M | $9.16M | $8.50M | $7.59M | $7.62M | $7.02M | $6.25M | $6.18M | $6.64M | $7.00M |
| Depreciation and Amortization | $13.63M | $13.34M | $12.62M | $11.88M | $11.14M | $10.80M | $10.29M | $9.55M | $9.19M | $8.84M |
| EBITDA | $50.12M | $42.13M | $42.40M | $39.92M | $39.12M | $35.91M | $34.23M | $36.45M | $36.34M | $34.20M |
| EBITDA Ratio | 46.43% | 42.61% | 42.88% | 43.93% | 44.39% | 42.96% | 42.57% | 44.32% | 45.95% | 44.41% |
| Operating Income | $26.15M | $22.45M | $23.91M | $22.29M | $22.30M | $19.93M | $18.95M | $19.60M | $18.82M | $17.58M |
| Operating Income Ratio | 24.22% | 22.70% | 24.17% | 24.54% | 25.29% | 23.84% | 23.57% | 23.83% | 23.79% | 22.83% |
| Total Other Income Expenses Net | $-5.76M | $601.00K | $-30.00K | $270.00K | $206.00K | $181.00K | $314.00K | $1.68M | $2.47M | $1.51M |
| Income Before Tax | $20.39M | $23.05M | $23.88M | $22.56M | $22.50M | $20.11M | $19.27M | $21.28M | $21.29M | $19.09M |
| Income Before Tax Ratio | 18.89% | 23.31% | 24.14% | 24.83% | 25.53% | 24.05% | 23.96% | 25.87% | 26.91% | 24.78% |
| Income Tax Expense | $- | $6.35M | $5.88M | $5.74M | $5.68M | $5.18M | $4.99M | $7.29M | $8.33M | $7.78M |
| Net Income | $20.39M | $16.70M | $18.00M | $16.83M | $16.82M | $14.93M | $14.28M | $13.98M | $12.95M | $11.30M |
| Net Income Ratio | 18.89% | 16.89% | 18.20% | 18.52% | 19.08% | 17.85% | 17.76% | 17.00% | 16.38% | 14.68% |
| EPS | $1.98 | $1.67 | $1.90 | $1.79 | $1.80 | $1.61 | $1.55 | $1.52 | $1.42 | $1.26 |
| EPS Diluted | $1.98 | $1.67 | $1.90 | $1.79 | $1.80 | $1.60 | $1.54 | $1.51 | $1.41 | $1.26 |
| Weighted Average Shares Outstanding | 10.29M | 10.02M | 9.46M | 9.39M | 9.33M | 9.28M | 9.24M | 9.18M | 9.10M | 8.96M |
| Weighted Average Shares Outstanding Diluted | 10.30M | 10.02M | 9.48M | 9.43M | 9.37M | 9.33M | 9.29M | 9.24M | 9.16M | 9.01M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.15M | $2.50M | $1.31M | $92.00K | $28.00K | $596.00K | $293.00K | $952.00K | $226.00K | $209.00K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.15M | $2.50M | $1.31M | $92.00K | $28.00K | $596.00K | $293.00K | $952.00K | $226.00K | $209.00K |
| Net Receivables | $11.34M | $16.56M | $16.73M | $8.86M | $11.96M | $8.14M | $10.37M | $12.68M | $9.35M | $9.31M |
| Inventory | $- | $5.98M | $4.70M | $1.93M | $1.53M | $1.26M | $1.46M | $1.52M | $1.56M | $1.71M |
| Other Current Assets | $12.04M | $5.57M | $5.06M | $4.96M | $4.10M | $4.20M | $3.99M | $3.84M | $3.50M | $3.21M |
| Total Current Assets | $24.53M | $30.62M | $27.80M | $19.16M | $17.62M | $14.21M | $16.12M | $18.98M | $14.63M | $14.44M |
| Property Plant Equipment Net | $4.02M | $718.48M | $672.24M | $594.63M | $563.82M | $535.01M | $502.53M | $464.38M | $429.38M | $409.56M |
| Goodwill | $1.94M | $1.94M | $1.94M | $- | $623.00K | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $1.94M | $1.94M | $1.94M | $-4.85M | $623.00K | $-3.97M | $-3.61M | $-3.36M | $-3.20M | $-3.02M |
| Long Term Investments | $- | $- | $10.34M | $4.85M | $4.37M | $3.97M | $3.61M | $3.36M | $3.20M | $3.02M |
| Tax Assets | $- | $- | $54.55M | $53.13M | $50.31M | $52.26M | $55.05M | $54.14M | $68.45M | $815.00K |
| Other Non-Current Assets | $768.14M | $15.79M | $-47.08M | $-41.72M | $-43.53M | $-41.11M | $-43.87M | $-42.87M | $-61.49M | $6.80M |
| Total Non-Current Assets | $774.10M | $736.22M | $691.99M | $606.05M | $575.60M | $546.16M | $513.71M | $475.65M | $436.34M | $417.18M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M | $560.37M | $529.83M | $494.64M | $450.98M | $431.63M |
| Account Payables | $11.23M | $9.70M | $10.93M | $10.21M | $6.34M | $8.18M | $8.19M | $8.85M | $5.53M | $4.91M |
| Short Term Debt | $2.20M | $2.25M | $19.73M | $28.32M | $28.68M | $9.22M | $17.78M | $11.26M | $8.48M | $12.32M |
| Tax Payables | $500.00K | $2.00K | $6.00K | $- | $237.00K | $343.00K | $- | $- | $- | $815.00K |
| Deferred Revenue | $3.35M | $2.98M | $2.49M | $2.27M | $2.06M | $1.97M | $1.04M | $969.00K | $864.00K | $704.00K |
| Other Current Liabilities | $8.32M | $7.48M | $8.47M | $6.43M | $6.52M | $5.90M | $11.76M | $7.38M | $4.45M | $4.46M |
| Total Current Liabilities | $25.59M | $22.41M | $44.07M | $47.70M | $43.72M | $25.60M | $37.73M | $28.46M | $19.33M | $23.22M |
| Long Term Debt | $808.00K | $178.81M | $176.09M | $143.70M | $142.76M | $144.61M | $115.86M | $105.59M | $102.33M | $103.65M |
| Deferred Revenue Non-Current | $- | $- | $54.55M | $21.26M | $21.68M | $22.25M | $22.81M | $23.20M | $1.02M | $1.11M |
| Deferred Tax Liabilities Non-Current | $52.67M | $58.80M | $54.99M | $53.59M | $50.79M | $52.75M | $55.56M | $54.66M | $69.00M | $62.72M |
| Other Non-Current Liabilities | $480.36M | $276.41M | $311.71M | $255.80M | $237.30M | $229.90M | $222.99M | $213.95M | $121.30M | $108.90M |
| Total Non-Current Liabilities | $533.84M | $514.02M | $487.79M | $399.50M | $380.07M | $374.50M | $338.85M | $319.53M | $292.62M | $276.08M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $559.43M | $536.43M | $531.86M | $447.20M | $423.79M | $400.10M | $376.58M | $348.00M | $311.95M | $299.30M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $10.30M | $10.29M | $9.50M | $9.41M | $9.36M | $9.29M | $9.25M | $9.21M | $9.13M | $9.06M |
| Retained Earnings | $84.97M | $76.74M | $71.29M | $63.61M | $56.61M | $49.16M | $43.36M | $37.90M | $32.42M | $27.64M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $-0 | $-0 | $-126.85M | $-117.56M | $-110.30M | $-105.28M |
| Other Total Stockholders Equity | $143.92M | $143.37M | $107.14M | $104.99M | $103.46M | $101.81M | $227.49M | $217.08M | $207.78M | $200.92M |
| Total Stockholders Equity | $239.19M | $230.40M | $187.93M | $178.01M | $169.43M | $160.27M | $153.25M | $146.64M | $139.02M | $132.33M |
| Total Equity | $239.19M | $230.40M | $187.93M | $178.01M | $169.43M | $160.27M | $153.25M | $146.64M | $139.02M | $132.33M |
| Total Liabilities and Stockholders Equity | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M | $560.37M | $529.83M | $494.64M | $450.98M | $431.63M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M | $560.37M | $529.83M | $494.64M | $450.98M | $431.63M |
| Total Investments | $- | $8.38M | $10.34M | $4.85M | $4.37M | $3.97M | $3.61M | $3.36M | $3.20M | $3.02M |
| Total Debt | $2.57M | $181.06M | $198.26M | $171.99M | $171.34M | $153.81M | $133.53M | $116.54M | $110.78M | $115.42M |
| Net Debt | $1.42M | $178.56M | $196.95M | $171.90M | $171.31M | $153.22M | $133.24M | $115.59M | $110.55M | $115.21M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $16.70M | $16.70M | $18.00M | $16.83M | $16.82M | $14.93M | $14.28M | $13.98M | $12.95M | $11.30M |
| Depreciation and Amortization | $13.34M | $13.34M | $12.62M | $11.88M | $11.14M | $10.80M | $10.29M | $9.55M | $9.19M | $8.84M |
| Deferred Income Tax | $- | $3.81M | $2.28M | $2.80M | $-1.96M | $-2.81M | $899.00K | $8.21M | $5.46M | $5.10M |
| Stock Based Compensation | $254.00K | $254.00K | $152.00K | $193.00K | $178.00K | $181.00K | $192.00K | $423.00K | $92.00K | $183.00K |
| Change in Working Capital | $- | $-1.45M | $-7.89M | $158.00K | $-5.04M | $-3.34M | $3.91M | $3.84M | $2.23M | $3.03M |
| Accounts Receivables | $991.00K | $292.00K | $-3.78M | $94.00K | $-2.32M | $-94.00K | $-87.00K | $-187.00K | $-292.00K | $-867.00K |
| Inventory | $1.71M | $- | $-2.77M | $-398.00K | $-271.00K | $195.00K | $60.00K | $45.00K | $149.00K | $177.00K |
| Accounts Payables | $284.00K | $284.00K | $-3.99M | $3.55M | $-1.83M | $-11.00K | $-666.00K | $3.32M | $618.00K | $1.13M |
| Other Working Capital | $-435.00K | $-2.03M | $2.64M | $-3.08M | $-606.00K | $-3.43M | $4.60M | $660.00K | $1.75M | $2.58M |
| Other Non Cash Items | $1.56M | $-796.00K | $-894.00K | $-556.00K | $-781.00K | $-886.00K | $-427.00K | $-227.00K | $-146.00K | $-163.00K |
| Net Cash Provided by Operating Activities | $31.85M | $31.85M | $24.27M | $31.31M | $20.36M | $18.87M | $29.14M | $35.78M | $29.78M | $28.29M |
| Investments in Property Plant and Equipment | $- | $-62.18M | $-48.48M | $-40.81M | $-34.28M | $-40.68M | $-49.05M | $-41.09M | $-28.25M | $-20.69M |
| Acquisitions Net | $- | $- | $-6.34M | $90.00K | $-5.74M | $51.00K | $49.00K | $87.00K | $96.00K | $48.00K |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-62.08M | $99.00K | $65.00K | $90.00K | $46.00K | $51.00K | $49.00K | $87.00K | $96.00K | $48.00K |
| Net Cash Used for Investing Activities | $-62.08M | $-62.08M | $-54.76M | $-40.72M | $-39.97M | $-40.63M | $-49.00M | $-41.01M | $-28.16M | $-20.65M |
| Debt Repayment | $- | $-16.61M | $23.64M | $2.12M | $17.63M | $19.83M | $16.99M | $1.26M | $-4.65M | $-9.27M |
| Common Stock Issued | $347.00K | $37.07M | $2.09M | $1.39M | $1.54M | $1.03M | $956.00K | $1.71M | $1.83M | $3.05M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-11.24M | $-11.24M | $-10.32M | $-9.83M | $-9.38M | $-9.12M | $-8.82M | $-8.50M | $-8.18M | $-7.81M |
| Other Financing Activities | $42.32M | $22.20M | $18.39M | $17.19M | $10.79M | $11.35M | $11.04M | $13.19M | $9.39M | $9.40M |
| Net Cash Used Provided by Financing Activities | $31.42M | $31.42M | $31.71M | $9.48M | $19.05M | $22.06M | $19.20M | $5.95M | $-1.61M | $-7.67M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $1.20M | $1.20M | $1.22M | $64.00K | $-568.00K | $303.00K | $-659.00K | $726.00K | $17.00K | $-34.00K |
| Cash at End of Period | $2.50M | $2.50M | $1.31M | $92.00K | $28.00K | $596.00K | $293.00K | $952.00K | $226.00K | $209.00K |
| Cash at Beginning of Period | $1.31M | $1.31M | $92.00K | $28.00K | $596.00K | $293.00K | $952.00K | $226.00K | $209.00K | $243.00K |
| Operating Cash Flow | $31.85M | $31.85M | $24.27M | $31.31M | $20.36M | $18.87M | $29.14M | $35.78M | $29.78M | $28.29M |
| Capital Expenditure | $- | $-62.18M | $-48.48M | $-40.81M | $-34.28M | $-40.68M | $-49.05M | $-41.09M | $-28.25M | $-20.69M |
| Free Cash Flow | $31.85M | $-30.33M | $-24.22M | $-9.50M | $-13.92M | $-21.81M | $-19.91M | $-5.32M | $1.53M | $7.59M |