Artesian Resources Corporation (ARTNA)

Artesian Resources Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	98.86	98.9	90.86	88.14	83.6
Revenue Growth (YoY)	-0.04%	8.85%	3.08%	5.44%	3.96%
Cost of Revenue	56.73	56.49	50.94	49.02	47.69
Gross Profit	42.13	42.4	39.92	39.12	35.91
Other Operating Expenses	13.34	12.62	11.89	11.14	10.8
Operating Expenses	13.34	12.62	11.89	11.14	10.8
Operating Income	28.79	29.78	28.03	27.98	25.11
Interest Expense / Income	9.16	8.5	7.59	7.62	7.02
Other Expense / Income	-3.41	-2.59	-2.13	-2.14	-2.02
Pretax Income	23.05	23.88	22.56	22.5	20.11
Income Tax	6.35	5.88	5.74	5.68	5.18
Net Income	16.7	18	16.83	16.82	14.93
Net Income Growth	-7.22%	6.96%	0.06%	12.68%	4.53%
Shares Outstanding (Basic)	10	9	9	9	9
Shares Outstanding (Diluted)	10	9	9	9	9
Shares Change	5.71%	0.58%	0.61%	0.46%	0.36%
EPS (Basic)	1.67	1.90	1.79	1.80	1.61
EPS (Diluted)	1.67	1.90	1.79	1.79	1.60
EPS Growth	-12.11%	6.15%	0%	11.87%	3.90%
Free Cash Flow	-30.23	-24.15	-9.41	-13.87	-21.76
Free Cash Flow Per Share	-3.02	-2.55	-1.00	-1.49	-2.35
Dividend Per Share	1.136	1.092	1.047	1.006	0.984
Dividend Growth	4.03%	4.30%	4.08%	2.24%	3.04%
Gross Margin	42.61%	42.88%	43.93%	44.39%	42.96%
Operating Margin	29.13%	30.12%	30.85%	31.74%	30.03%
Profit Margin	16.89%	18.20%	18.52%	19.08%	17.85%
Free Cash Flow Margin	-30.58%	-24.42%	-10.36%	-15.74%	-26.03%
Effective Tax Rate	27.54%	24.62%	25.43%	25.26%	25.77%
EBITDA	45.54	45	42.04	41.26	37.93
EBITDA Margin	46.06%	45.50%	46.27%	46.81%	45.38%
Depreciation & Amortization	13.34	12.62	11.89	11.14	10.8
EBIT	32.2	32.38	30.16	30.12	27.13
EBIT Margin	32.57%	32.74%	33.19%	34.17%	32.45%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).