Artesian Resources Corporation (ARTNB)

Artesian Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1.15	2.51	1.31	0.09	0.03
Accounts Receivable	9.74	9.46	7.63	7.96	8.73
Other Receivables	1.56	4.36	6.56	3.72	3.23
Inventory	4.28	5.98	4.7	1.93	1.54
Prepaid Expenses	5.28	5.57	5.06	4.96	4.1
Other Current Assets	2.52	2.75	2.53	-	-
Total Current Assets	24.53	30.62	27.8	18.66	17.62
Property, Plant & Equipment	751.2	718.48	672.24	594.63	563.82
Regulatory Assets	14.43	7.29	7.27	6.32	6.47
Goodwill	1.94	1.94	1.94	-	0.62
Long-Term Deferred Charges	0.1	0.13	0.19	0.25	0.31
Other Long-Term Assets	6.43	8.38	10.34	4.85	4.37
Total Assets	798.62	766.83	719.79	624.72	593.22
Accounts Payable	11.23	9.7	10.93	10.21	6.34
Accrued Expenses	6.27	5.79	5.24	4.96	4.34
Short-Term Debt	0.03	0.01	20.22	26.73	26.92
Current Portion of Long-Term Debt	2.17	2.24	2	1.59	1.76
Current Unearned Revenue	0.71	0.54	0.44	0.29	0.3
Current Portion of Leases	0.01	0.01	0	0.01	0.02
Current Income Taxes Payable	0.5	0	0.01	-	0.24
Other Current Liabilities	4.68	4.13	5.24	3.43	3.81
Total Current Liabilities	25.59	22.41	44.07	47.21	43.72
Long-Term Debt	176.51	178.31	175.62	143.26	142.33
Long-Term Leases	0.4	0.5	0.47	0.44	0.43
Long-Term Unearned Revenue	272.41	247.93	224.31	176.66	160.26
Long-Term Deferred Tax Liabilities	52.67	58.8	76.19	74.7	72.34
Other Long-Term Liabilities	31.85	28.47	11.21	4.44	4.7
Total Liabilities	559.43	536.44	531.86	446.71	423.79
Common Stock	10.3	10.29	9.5	9.41	9.36
Additional Paid-In Capital	143.92	143.37	107.14	104.99	103.46
Retained Earnings	84.97	76.74	71.29	63.61	56.61
Shareholders' Equity	239.19	230.4	187.93	178.01	169.43
Total Liabilities & Equity	798.62	766.83	719.79	624.72	593.22
Total Debt	179.12	181.06	198.31	172.03	171.46
Net Cash (Debt)	-177.97	-178.56	-197	-171.94	-171.43
Net Cash Per Share	-17.29	-17.82	-20.78	-18.24	-18.30
Filing Date Shares Outstanding	10.3	10.29	9.5	9.42	9.36
Total Common Shares Outstanding	10.3	10.29	9.5	9.41	9.36
Working Capital	-1.07	8.2	-16.27	-28.54	-26.11
Book Value Per Share	23.22	22.40	19.78	18.91	18.11
Tangible Book Value	237.25	228.46	185.99	178.01	168.8
Tangible Book Value Per Share	23.03	22.21	19.57	18.91	18.04
Machinery	855.96	830.51	767.46	695.57	649.64
Construction In Progress	39.72	23.72	34.21	18.48	21.47

Source: S&P Global Market Intelligence. Utility template. Financial Sources.