v3.26.1
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,814 $ 3,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,659 3,564
Stock-based compensation 41 72
Decrease in deferred income taxes (845) (197)
Other 187 116
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable and unbilled revenues (1,018) 258
Decrease in recoverable income taxes 0 587
Increase in materials and supplies inventories, prepaid expenses, prepaid pension cost, deferred regulatory and other assets (2,799) (1,137)
Increase in accounts payable, accrued compensation and benefits, other accrued expenses, deferred employee benefits, deferred regulatory liabilities, and other deferred credits 2,503 240
Decrease in accrued interest and taxes (1,174) (1,136)
Net cash provided by operating activities 5,368 6,005
CASH FLOWS FROM INVESTING ACTIVITIES:    
Utility plant additions, including debt portion of allowance for funds used during construction of $152 in 2026 and $103 in 2025 (9,821) (9,280)
Acquisitions of wastewater systems (470) 0
Cash received from surrender of life insurance policies 1,299 0
Net cash used in investing activities (8,992) (9,280)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Customers' advances for construction and contributions in aid of construction 2,881 1,565
Repayments of customer advances (511) (102)
Proceeds of long-term debt issues 15,690 12,772
Repayments of long-term debt (10,579) (6,737)
Changes in cash overdraft position (949) (1,470)
Issuance of common stock 372 395
Dividends paid (3,280) (3,148)
Net cash provided by financing activities 3,624 3,275
Net change in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 1 1
Cash and cash equivalents at end of period 1 1
Cash paid during the period for:    
Interest, net of amounts capitalized 3,664 3,408
Income taxes $ 0 $ 35
Supplemental disclosure of non-cash investing and financing activities:    
Accounts payable includes $3,809 in 2026 and $6,238 in 2025 for the construction of utility plant.