Middlesex Water Company (MSEX)

Middlesex Water Company 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	6.34	2.39	3.83	3.53	4.49	2.23
Accounts Receivable	36.12	27.47	24.68	22.58	21.63	19.09
Other Receivables	-	69.87	-	-	-	-
Inventory	6.55	6.97	6.18	5.36	5.11	5.45
Prepaid Expenses	3.13	1.83	2.62	2.88	2.89	2.37
Total Current Assets	52.15	108.54	37.31	34.36	34.12	29.13
Property, Plant & Equipment	1,052	1,013	935.58	881.3	813.01	722.04
Regulatory Assets	96.3	90.69	90.05	100.74	118.14	110.48
Long-Term Deferred Charges	2.02	1.93	2.81	3.54	5.19	2.05
Other Long-Term Assets	26.85	21.84	8.71	0.08	6	46.17
Total Assets	1,230	1,236	1,074	1,020	976.47	909.88
Accounts Payable	32.36	27.62	24.85	21.13	30.44	23.31
Accrued Expenses	2.4	3.14	2.54	1.99	2.14	2.03
Short-Term Debt	17.5	42.75	55.5	13	2	20
Current Portion of Long-Term Debt	7.75	7.74	17.46	6.73	7.26	7.18
Current Unearned Revenue	1.56	1.39	1.37	1.33	1.26	1.21
Current Portion of Leases	0.6	0.6	-	-	-	-
Current Income Taxes Payable	13.41	10.54	12.16	8.62	10.14	7.64
Other Current Liabilities	4.35	10.06	3.99	3.83	3.62	3.62
Total Current Liabilities	79.91	103.83	117.86	56.62	56.85	64.98
Long-Term Debt	352.28	358.15	290.28	306.52	273.24	230.78
Long-Term Leases	2.59	3.06	3.71	4.37	5.04	5.73
Long-Term Unearned Revenue	179.7	122.27	113.38	127.86	111.99	97.83
Pension & Post-Retirement Benefits	-	-	-	11.29	34.43	34.67
Long-Term Deferred Tax Liabilities	95.41	88.74	77.78	69.5	61.3	54.41
Other Long-Term Liabilities	75.9	134.93	69.04	74.05	85.33	95.6
Total Liabilities	785.79	810.98	672.04	650.21	628.18	584
Total Preferred Equity	1.89	2.08	2.08	2.08	2.08	2.08
Common Stock	247.58	246.76	233.05	221.92	217.45	215.13
Retained Earnings	194.36	176.23	167.27	145.81	128.76	108.67
Total Common Equity	441.94	422.99	400.33	367.73	346.21	323.79
Shareholders' Equity	443.82	425.08	402.41	369.81	348.29	325.88
Total Liabilities & Equity	1,230	1,236	1,074	1,020	976.47	909.88
Total Debt	380.72	412.31	366.95	330.62	287.54	263.69
Net Cash (Debt)	-374.37	-409.92	-363.12	-327.09	-283.05	-261.46
Net Cash Per Share	-20.87	-22.97	-20.50	-18.58	-16.11	-15.54
Filing Date Shares Outstanding	17.86	17.82	17.64	17.54	17.47	17.44
Total Common Shares Outstanding	17.86	17.82	17.64	17.52	17.47	17.43
Working Capital	-27.77	4.71	-80.55	-22.26	-22.73	-35.85
Book Value Per Share	24.75	23.74	22.69	20.99	19.81	18.57
Tangible Book Value	441.94	422.99	400.33	367.73	346.21	323.79
Tangible Book Value Per Share	24.75	23.74	22.69	20.99	19.81	18.57
Machinery	1,252	1,214	1,082	1,040	901.9	800.43
Construction In Progress	35	19.64	53.57	24.95	80.06	75.52

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