Middlesex Water Company (MSEX)

Middlesex Water Company Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	166.27	162.43	143.14	141.59	134.6
Revenue Growth (YoY)	2.36%	13.48%	1.09%	5.20%	-2.52%
Cost of Revenue	101.86	97.3	88.82	85.7	82.36
Gross Profit	64.42	65.13	54.32	55.89	52.24
Other Operating Expenses	25.19	23.03	21.11	18.47	16.72
Operating Expenses	25.19	23.03	21.11	18.47	16.72
Operating Income	39.22	42.1	33.21	37.42	35.52
Interest Expense / Income	13.14	9.37	8.11	7.49	7.26
Other Expense / Income	-6.49	-12.94	-5.96	-4.38	-2.49
Pretax Income	32.57	45.67	31.06	34.31	30.75
Income Tax	1.04	3.24	-5.49	-4.12	-3.14
Net Income	31.52	42.43	36.54	38.43	33.89
Preferred Dividends	0.12	0.12	0.12	0.12	0.13
Net Income Common	31.4	42.31	36.42	38.31	33.76
Net Income Growth	-25.77%	16.16%	-4.91%	13.48%	4.48%
Shares Outstanding (Basic)	18	18	17	17	17
Shares Outstanding (Diluted)	18	18	18	18	17
Shares Change	0.76%	0.60%	0.19%	4.43%	1.75%
EPS (Basic)	1.77	2.40	2.08	2.19	2.02
EPS (Diluted)	1.76	2.39	2.07	2.18	2.01
EPS Growth	-26.36%	15.46%	-5.05%	8.46%	2.55%
Free Cash Flow	-37.4	-29.97	-46.35	-52.26	-53.07
Free Cash Flow Per Share	-2.11	-1.70	-2.65	-2.99	-3.18
Dividend Per Share	1.262	1.183	1.107	1.041	0.976
Dividend Growth	6.68%	6.87%	6.34%	6.66%	7.14%
Gross Margin	38.74%	40.10%	37.95%	39.47%	38.81%
Operating Margin	23.59%	25.92%	23.20%	26.43%	26.39%
Profit Margin	18.89%	26.05%	25.45%	27.05%	25.08%
Free Cash Flow Margin	-22.49%	-18.45%	-32.38%	-36.91%	-39.43%
Effective Tax Rate	3.20%	7.09%	-17.67%	-12.01%	-10.21%
EBITDA	75.15	82.51	65.97	62.64	55.24
EBITDA Margin	45.20%	50.80%	46.09%	44.24%	41.04%
Depreciation & Amortization	29.44	27.48	26.8	20.84	17.23
EBIT	45.71	55.04	39.17	41.8	38.01
EBIT Margin	27.49%	33.88%	27.36%	29.52%	28.24%

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).