Artesian Resources Corporation (ARTNA)

Artesian Resources Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	22.82	20.39	16.7	18	16.83
Depreciation & Amortization	13.81	13.63	13.34	12.62	11.89
Stock-Based Compensation	0.25	0.22	0.25	0.15	0.19
Other Adjustments	0.03	0.02	2.57	1.81	2.37
Change in Receivables	4.98	-0.18	0.46	-3.99	0.4
Changes in Inventories	0.56	1.71	-1.28	-2.77	-0.4
Changes in Accounts Payable	1.75	0.31	0.28	-3.99	3.55
Changes in Accrued Expenses	-0.7	-0.79	1.9	-0.49	-0.08
Changes in Income Taxes Payable	-0.26	1.67	-0.17	0.61	-1.63
Changes in Other Operating Activities	-2.89	-0.14	-2.2	2.32	-1.81
Operating Cash Flow	40.35	36.82	31.85	24.27	31.31
Operating Cash Flow Growth	9.57%	15.61%	31.26%	-22.50%	53.80%
Capital Expenditures	-58.85	-45.94	-62.18	-48.48	-40.81
Sale of Property, Plant & Equipment	0.13	0.62	0.1	0.07	0.09
Payments for Business Acquisitions	-	-	-	-6.34	-
Investing Cash Flow	-58.72	-45.32	-62.08	-54.76	-40.72
Short-Term Debt Issued	8.06	-	3.3	34.51	10.69
Short-Term Debt Repaid	-2.34	-	-23.48	-41.04	-10.8
Net Short-Term Debt Issued (Repaid)	5.72	-	-20.17	-6.53	-0.11
Long-Term Debt Issued	-	0.76	5.61	31.8	4.13
Long-Term Debt Repaid	-2.27	-2.26	-2.01	-1.64	-1.83
Net Long-Term Debt Issued (Repaid)	-2.27	-1.5	3.6	30.16	2.3
Issuance of Common Stock	0.34	0.35	37.07	2.09	1.39
Net Common Stock Issued (Repurchased)	0.34	0.35	37.07	2.09	1.39
Common Dividends Paid	-12.68	-12.17	-11.24	-10.32	-9.83
Other Financing Activities	26.16	20.46	22.17	16.31	15.72
Financing Cash Flow	17.28	7.14	31.42	31.71	9.48
Net Cash Flow	-1.1	-1.36	1.2	1.22	0.06
Free Cash Flow	-18.5	-9.12	-30.33	-24.22	-9.5
FCF Margin	-16.38%	-8.45%	-30.68%	-24.49%	-10.46%
Free Cash Flow Per Share	-1.79	-0.89	-3.03	-2.55	-1.01
Levered Free Cash Flow	-20.3	-10.67	-50.19	1.44	-10.28
Unlevered Free Cash Flow	-28.32	-12.79	-36.4	-24.09	-14.61

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q