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 Unitil.
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 | $494.80M | $557.10M | $563.20M | $473.30M | $418.60M | $438.20M | $444.10M | $406.20M | $383.40M | $426.80M |
| Cost of Revenue | $298.20M | $374.10M | $394.20M | $311.50M | $268.80M | $290.40M | $300.10M | $268.50M | $251.90M | $300.30M |
| Gross Profit | $196.60M | $183.00M | $169.00M | $161.80M | $149.80M | $147.80M | $144.00M | $137.70M | $131.50M | $126.50M |
| Gross Profit Ratio | 39.73% | 32.80% | 30.01% | 34.20% | 35.79% | 33.73% | 32.43% | 33.90% | 34.30% | 29.64% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $1.40M | $267.00K | $956.00K | $1.68M | $2.15M | $2.41M | $5.70M | $4.90M | $- |
| Other Expenses | $106.00M | $94.50M | $88.50M | $84.00M | $78.40M | $74.70M | $-5.80M | $-100.00K | $-300.00K | $500.00K |
| Operating Expenses | $106.00M | $95.90M | $88.50M | $84.00M | $78.40M | $74.70M | $72.80M | $68.00M | $66.20M | $63.40M |
| Cost and Expenses | $404.20M | $470.00M | $482.70M | $395.50M | $347.20M | $365.10M | $372.90M | $336.50M | $318.10M | $363.70M |
| Interest Income | $8.40M | $6.20M | $2.80M | $1.60M | $2.60M | $2.90M | $2.40M | $2.40M | $1.20M | $1.90M |
| Interest Expense | $37.70M | $34.90M | $28.30M | $27.20M | $26.40M | $26.60M | $26.40M | $25.50M | $23.70M | $23.80M |
| Depreciation and Amortization | $76.10M | $67.40M | $62.60M | $59.50M | $54.50M | $52.00M | $50.40M | $46.90M | $46.60M | $45.70M |
| EBITDA | $174.90M | $160.70M | $143.50M | $134.30M | $123.30M | $136.60M | $118.20M | $118.90M | $112.80M | $111.20M |
| EBITDA Ratio | 35.35% | 28.85% | 25.48% | 28.38% | 29.46% | 31.17% | 26.62% | 29.27% | 29.42% | 26.05% |
| Operating Income | $90.60M | $87.10M | $80.50M | $77.80M | $71.40M | $73.10M | $71.20M | $69.70M | $65.30M | $63.10M |
| Operating Income Ratio | 18.31% | 15.63% | 14.29% | 16.44% | 17.06% | 16.68% | 16.03% | 17.16% | 17.03% | 14.78% |
| Total Other Income Expenses Net | $-29.50M | $-28.70M | $-27.90M | $-30.20M | $-29.00M | $-15.10M | $-29.80M | $-28.90M | $-22.80M | $-21.40M |
| Income Before Tax | $61.10M | $58.40M | $52.60M | $47.60M | $42.40M | $58.00M | $41.40M | $46.50M | $42.50M | $41.70M |
| Income Before Tax Ratio | 12.35% | 10.48% | 9.34% | 10.06% | 10.13% | 13.24% | 9.32% | 11.45% | 11.09% | 9.77% |
| Income Tax Expense | $14.00M | $13.20M | $11.20M | $11.50M | $10.20M | $13.80M | $8.40M | $17.50M | $15.40M | $15.40M |
| Net Income | $47.10M | $45.20M | $41.40M | $36.10M | $32.20M | $44.20M | $33.00M | $29.00M | $27.10M | $26.30M |
| Net Income Ratio | 9.52% | 8.11% | 7.35% | 7.63% | 7.69% | 10.09% | 7.43% | 7.14% | 7.07% | 6.16% |
| EPS | $0.00 | $2.82 | $2.59 | $2.35 | $2.15 | $2.97 | $2.23 | $2.06 | $1.94 | $1.89 |
| EPS Diluted | $0.00 | $2.82 | $2.59 | $2.35 | $2.15 | $2.97 | $2.23 | $2.06 | $1.94 | $1.89 |
| Weighted Average Shares Outstanding | 16.10M | 16.05M | 15.99M | 15.37M | 14.95M | 14.89M | 14.82M | 14.10M | 13.99M | 13.90M |
| Weighted Average Shares Outstanding Diluted | 16.10M | 16.05M | 16.00M | 15.38M | 14.95M | 14.90M | 14.83M | 14.10M | 14.00M | 13.90M |
| 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 | $6.30M | $6.50M | $9.00M | $6.50M | $6.00M | $5.20M | $7.80M | $8.90M | $5.80M | $8.70M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $700.00K |
| Cash and Short Term Investments | $6.30M | $6.50M | $9.00M | $6.50M | $6.00M | $5.20M | $7.80M | $8.90M | $5.80M | $8.70M |
| Net Receivables | $158.80M | $91.30M | $98.10M | $88.10M | $80.50M | $75.40M | $88.30M | $87.00M | $72.80M | $72.50M |
| Inventory | $15.30M | $14.50M | $13.20M | $9.60M | $9.10M | $8.70M | $7.80M | $7.50M | $600.00K | $800.00K |
| Other Current Assets | $8.40M | $64.80M | $74.50M | $55.50M | $43.70M | $41.60M | $48.30M | $47.90M | $45.60M | $38.50M |
| Total Current Assets | $188.80M | $177.10M | $194.80M | $159.70M | $139.30M | $130.90M | $152.20M | $151.30M | $131.60M | $125.90M |
| Property Plant Equipment Net | $1.55B | $1.43B | $1.34B | $1.26B | $1.20B | $1.12B | $1.04B | $971.50M | $883.40M | $808.90M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $-5.80M | $-45.90M | $-48.04M | $-5.60M | $-52.10M | $-59.89M | $- | $- |
| Long Term Investments | $- | $- | $5.80M | $5.70M | $5.70M | $5.60M | $4.80M | $3.60M | $1.90M | $700.00K |
| Tax Assets | $- | $- | $163.40M | $40.20M | $42.34M | $103.60M | $47.30M | $56.29M | $- | $- |
| Other Non-Current Assets | $59.40M | $66.80M | $-103.80M | $118.70M | $140.20M | $20.80M | $109.30M | $119.10M | $111.30M | $110.90M |
| Total Non-Current Assets | $1.61B | $1.49B | $1.40B | $1.38B | $1.34B | $1.24B | $1.15B | $1.09B | $996.60M | $920.50M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.79B | $1.67B | $1.59B | $1.54B | $1.48B | $1.37B | $1.30B | $1.24B | $1.13B | $1.05B |
| Account Payables | $49.70M | $47.70M | $68.60M | $52.40M | $33.20M | $37.60M | $42.60M | $41.50M | $32.40M | $33.30M |
| Short Term Debt | $112.50M | $168.80M | $124.30M | $75.70M | $64.90M | $79.50M | $104.30M | $71.20M | $101.70M | $62.20M |
| Tax Payables | $- | $1.90M | $400.00K | $- | $- | $- | $46.50M | $42.50M | $42.50M | $2.40M |
| Deferred Revenue | $- | $- | $- | $500.00K | $300.00K | $600.00K | $600.00K | $500.00K | $400.00K | $3.70M |
| Other Current Liabilities | $66.50M | $58.90M | $66.80M | $45.40M | $38.00M | $42.70M | $-900.00K | $-4.20M | $300.00K | $46.40M |
| Total Current Liabilities | $228.70M | $277.30M | $260.10M | $173.50M | $136.10M | $159.80M | $192.50M | $151.00M | $176.90M | $144.60M |
| Long Term Debt | $643.30M | $513.20M | $492.00M | $501.10M | $527.00M | $440.60M | $390.10M | $382.00M | $325.10M | $316.50M |
| Deferred Revenue Non-Current | $- | $- | $- | $178.70M | $208.40M | $190.60M | $169.90M | $200.60M | $153.10M | $134.00M |
| Deferred Tax Liabilities Non-Current | $186.10M | $- | $163.40M | $127.70M | $109.00M | $103.60M | $97.80M | $82.90M | $97.90M | $92.20M |
| Other Non-Current Liabilities | $223.90M | $390.60M | $370.70M | $417.20M | $425.60M | $393.60M | $364.40M | $372.10M | $235.20M | $295.20M |
| Total Non-Current Liabilities | $1.05B | $903.80M | $862.70M | $918.30M | $952.60M | $834.20M | $754.50M | $754.10M | $658.20M | $619.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.28B | $1.18B | $1.12B | $1.09B | $1.09B | $994.00M | $947.00M | $905.10M | $835.10M | $763.60M |
| Preferred Stock | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K |
| Common Stock | $341.20M | $337.60M | $334.90M | $332.10M | $285.30M | $282.50M | $279.10M | $275.80M | $240.70M | $237.50M |
| Retained Earnings | $171.10M | $151.50M | $132.50M | $116.20M | $103.70M | $94.10M | $72.00M | $60.80M | $52.20M | $45.10M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-332.10M | $-285.30M | $-282.50M | $-332.50M | $-307.70M | $-290.00M | $-271.70M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $512.50M | $489.30M | $467.60M | $448.50M | $389.20M | $376.80M | $351.30M | $336.80M | $293.10M | $282.80M |
| Total Equity | $512.50M | $489.30M | $467.80M | $448.70M | $389.40M | $377.00M | $351.50M | $337.00M | $293.30M | $283.00M |
| Total Liabilities and Stockholders Equity | $1.79B | $1.67B | $1.59B | $1.54B | $1.48B | $1.37B | $1.30B | $1.24B | $1.13B | $1.05B |
| Minority Interest | $- | $- | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K |
| Total Liabilities and Total Equity | $1.79B | $1.67B | $1.59B | $1.54B | $1.48B | $1.37B | $1.30B | $1.24B | $1.13B | $1.05B |
| Total Investments | $- | $6.00M | $5.80M | $5.70M | $5.70M | $5.60M | $4.80M | $3.60M | $1.90M | $1.40M |
| Total Debt | $755.80M | $681.60M | $611.80M | $570.10M | $586.30M | $515.60M | $494.40M | $453.20M | $426.80M | $381.60M |
| Net Debt | $749.50M | $675.10M | $602.80M | $563.60M | $580.30M | $510.40M | $486.60M | $444.30M | $421.00M | $372.90M |
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 | $47.10M | $45.20M | $41.40M | $36.10M | $32.20M | $44.20M | $33.00M | $29.00M | $27.10M | $26.30M |
| Depreciation and Amortization | $76.10M | $67.40M | $62.60M | $59.50M | $54.50M | $52.00M | $50.40M | $46.90M | $46.60M | $45.70M |
| Deferred Income Tax | $13.20M | $7.40M | $11.00M | $10.80M | $9.30M | $13.50M | $8.00M | $17.50M | $15.40M | $11.90M |
| Stock Based Compensation | $- | $- | $2.10M | $1.40M | $2.20M | $2.30M | $2.20M | $2.70M | $2.20M | $1.90M |
| Change in Working Capital | $- | $-4.60M | $-6.00M | $6.20M | $-15.30M | $13.90M | $3.90M | $-9.70M | $-20.80M | $17.80M |
| Accounts Receivables | $- | $16.80M | $-6.90M | $-4.90M | $-6.90M | $11.70M | $600.00K | $-14.50M | $-5.40M | $10.90M |
| Inventory | $- | $- | $- | $-8.80M | $-1.60M | $2.60M | $-1.40M | $-2.50M | $-13.50M | $20.90M |
| Accounts Payables | $2.00M | $-20.90M | $16.20M | $19.20M | $-4.40M | $-5.00M | $1.10M | $9.10M | $-900.00K | $-10.90M |
| Other Working Capital | $- | $-500.00K | $-15.30M | $700.00K | $-2.40M | $4.60M | $3.60M | $-1.80M | $-1.00M | $-3.10M |
| Other Non Cash Items | $-10.50M | $-8.40M | $-13.40M | $-6.20M | $-7.20M | $-5.30M | $-16.80M | $2.50M | $107.80M | $13.40M |
| Net Cash Provided by Operating Activities | $125.90M | $107.00M | $97.70M | $107.80M | $75.70M | $104.90M | $78.50M | $86.20M | $68.30M | $115.10M |
| Investments in Property Plant and Equipment | $-169.90M | $-141.00M | $-122.10M | $-115.00M | $-122.60M | $-119.20M | $-102.40M | $-119.30M | $-98.10M | $-103.90M |
| Acquisitions Net | $- | $- | $- | $- | $- | $13.40M | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $13.40M | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-169.90M | $-141.00M | $-122.10M | $-115.00M | $-122.60M | $-105.80M | $-102.40M | $-119.30M | $-98.10M | $-103.90M |
| Debt Repayment | $73.90M | $64.40M | $41.40M | $-16.50M | $70.90M | $21.70M | $41.40M | $26.00M | $48.10M | $11.40M |
| Common Stock Issued | $1.10M | $1.10M | $1.00M | $45.50M | $1.10M | $1.10M | $1.20M | $33.00M | $1.30M | $1.30M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-27.50M | $-26.20M | $-25.10M | $-23.60M | $-22.60M | $-22.10M | $-21.80M | $-20.40M | $-20.00M | $-19.60M |
| Other Financing Activities | $-3.70M | $-7.80M | $10.60M | $2.30M | $-1.70M | $-2.40M | $3.20M | $-2.40M | $-2.50M | $-4.00M |
| Net Cash Used Provided by Financing Activities | $43.80M | $31.50M | $26.90M | $7.70M | $47.70M | $-1.70M | $22.80M | $36.20M | $26.90M | $-10.90M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-200.00K | $-2.50M | $2.50M | $500.00K | $800.00K | $-2.60M | $-1.10M | $3.10M | $-2.90M | $300.00K |
| Cash at End of Period | $6.30M | $6.50M | $9.00M | $6.50M | $6.00M | $5.20M | $7.80M | $8.90M | $5.80M | $8.70M |
| Cash at Beginning of Period | $6.50M | $9.00M | $6.50M | $6.00M | $5.20M | $7.80M | $8.90M | $5.80M | $8.70M | $8.40M |
| Operating Cash Flow | $125.90M | $107.00M | $97.70M | $107.80M | $75.70M | $104.90M | $78.50M | $86.20M | $68.30M | $115.10M |
| Capital Expenditure | $-169.90M | $-141.00M | $-122.10M | $-115.00M | $-122.60M | $-119.20M | $-102.40M | $-119.30M | $-98.10M | $-103.90M |
| Free Cash Flow | $-44.00M | $-34.00M | $-24.40M | $-7.20M | $-46.90M | $-14.30M | $-23.90M | $-33.10M | $-29.80M | $11.20M |