Artesian Resources Corporation (ARTNA)

Artesian Resources Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	10.7	2.51	1.31	0.09	0.03	0.6
Accounts Receivable	9.66	8.69	7.63	7.96	8.73	6.73
Other Receivables	0.53	5.12	6.56	3.72	3.23	1.41
Inventory	4.46	5.98	4.7	1.93	1.54	1.26
Prepaid Expenses	6.47	5.57	5.06	4.96	4.1	4.2
Other Current Assets	2.53	2.75	2.53	-	-	-
Total Current Assets	34.34	30.62	27.8	18.66	17.62	14.21
Property, Plant & Equipment	738.33	718.48	672.24	594.63	563.82	535.01
Regulatory Assets	14.87	7.29	7.27	6.32	6.47	6.89
Goodwill	1.94	1.94	1.94	-	0.62	-
Long-Term Deferred Charges	0.11	0.13	0.19	0.25	0.31	0.29
Other Long-Term Assets	6.43	8.38	10.34	4.85	4.37	3.97
Total Assets	796.02	766.83	719.79	624.72	593.22	560.37
Accounts Payable	9.65	9.7	10.93	10.21	6.34	8.18
Accrued Expenses	6.93	5.79	5.24	4.96	4.34	3.94
Short-Term Debt	3.92	0.01	20.22	26.73	26.92	7.52
Current Portion of Long-Term Debt	2.33	2.24	2	1.59	1.76	1.71
Current Unearned Revenue	0.59	0.54	0.44	0.29	0.3	0.25
Current Portion of Leases	0.01	0.01	0	0.01	0.02	0.02
Current Income Taxes Payable	0.33	0	0.01	-	0.24	0.34
Other Current Liabilities	4.29	4.13	5.24	3.43	3.81	3.65
Total Current Liabilities	28.04	22.41	44.07	47.21	43.72	25.6
Long-Term Debt	176.89	178.31	175.62	143.26	142.33	144.16
Long-Term Leases	0.5	0.5	0.47	0.44	0.43	0.45
Long-Term Unearned Revenue	266.52	247.93	224.31	176.66	160.26	149.48
Long-Term Deferred Tax Liabilities	80.57	79.5	76.19	74.7	72.34	74.75
Other Long-Term Liabilities	5.19	7.77	11.21	4.44	4.7	5.67
Total Liabilities	557.71	536.44	531.86	446.71	423.79	400.1
Common Stock	10.3	10.29	9.5	9.41	9.36	9.29
Additional Paid-In Capital	143.79	143.37	107.14	104.99	103.46	101.81
Retained Earnings	84.23	76.74	71.29	63.61	56.61	49.17
Shareholders' Equity	238.31	230.4	187.93	178.01	169.43	160.27
Total Liabilities & Equity	796.02	766.83	719.79	624.72	593.22	560.37
Total Debt	183.64	181.06	198.31	172.03	171.46	153.85
Net Cash (Debt)	-172.94	-178.56	-197	-171.94	-171.43	-153.25
Net Cash Per Share	-16.80	-17.82	-20.78	-18.24	-18.30	-16.43
Filing Date Shares Outstanding	10.3	10.29	9.5	9.42	9.36	9.3
Total Common Shares Outstanding	10.3	10.29	9.5	9.41	9.36	9.29
Working Capital	6.3	8.2	-16.27	-28.54	-26.11	-11.39
Book Value Per Share	23.14	22.40	19.78	18.91	18.11	17.25
Tangible Book Value	236.38	228.46	185.99	178.01	168.8	160.27
Tangible Book Value Per Share	22.95	22.21	19.57	18.91	18.04	17.25
Machinery	922.79	830.51	767.46	695.57	649.64	582.69
Construction In Progress	-	23.72	34.21	18.48	21.47	31.88

Source: S&P Capital IQ. Utility template. Financial Sources.