Artesian Resources Corporation (ARTNA)

Artesian Resources Income Statement

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
Revenue	107.95	98.86	98.9	90.86	88.14
Revenue Growth (YoY)	9.20%	-0.04%	8.85%	3.08%	5.44%
Depreciation & Amortization	13.63	13.34	12.62	11.89	11.14
Other Operating Expenses	60.86	56.73	56.49	50.94	49.02
Total Operating Expenses	74.49	70.07	69.11	62.83	60.16
Operating Income	33.47	28.79	29.78	28.03	27.98
Interest Expense	-8.78	-9.16	-8.5	-7.59	-7.62
Net Interest Expense	-8.78	-9.16	-8.5	-7.59	-7.62
Allowance for Equity Funds for Construction	1.64	2	1.33	0.82	1.17
Other Non-Operating Income (Expenses)	-	-	-	1.3	0.97
EBT Excluding Unusual Items	26.33	21.64	22.61	22.56	22.5
Other Unusual Items	1.38	1.41	1.27	-	-
Pretax Income	27.71	23.05	23.88	22.56	22.5
Income Tax Expense	7.32	6.35	5.88	5.74	5.68
Net Income	20.39	16.7	18	16.83	16.82
Net Income to Common	20.39	16.7	18	16.83	16.82
Net Income Growth	22.13%	-7.22%	6.96%	0.06%	12.68%
Shares Outstanding (Basic)	10	10	9	9	9
Shares Outstanding (Diluted)	10	10	9	9	9
Shares Change (YoY)	2.73%	5.71%	0.58%	0.61%	0.46%
EPS (Basic)	1.98	1.67	1.90	1.79	1.80
EPS (Diluted)	1.98	1.67	1.90	1.79	1.79
EPS Growth	18.78%	-12.27%	6.14%	-	11.88%
Free Cash Flow	-9.12	-30.33	-24.22	-9.5	-13.92
Free Cash Flow Per Share	-0.89	-3.03	-2.55	-1.01	-1.49
Dividend Per Share	1.182	1.140	1.090	1.050	1.010
Dividend Growth	3.69%	4.59%	3.81%	3.96%	3.06%
Profit Margin	18.89%	16.89%	18.20%	18.52%	19.08%
Free Cash Flow Margin	-8.45%	-30.68%	-24.49%	-10.46%	-15.79%
EBITDA	47.1	42.13	42.4	39.92	39.12
EBITDA Margin	43.63%	42.61%	42.88%	43.93%	44.39%
D&A For EBITDA	13.63	13.34	12.62	11.89	11.14
EBIT	33.47	28.79	29.78	28.03	27.98
EBIT Margin	31.00%	29.13%	30.12%	30.85%	31.74%
Effective Tax Rate	26.40%	27.54%	24.62%	25.42%	25.26%
Revenue as Reported	107.95	98.86	98.9	90.86	88.14

Updated Nov 8, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q