Middlesex Water Co
NASDAQ:MSEX
Income Statement
Earnings Waterfall
Middlesex Water Co
Revenue
|
166.3m
USD
|
Operating Expenses
|
-127.1m
USD
|
Operating Income
|
39.2m
USD
|
Other Expenses
|
-7.8m
USD
|
Net Income
|
31.4m
USD
|
Income Statement
Middlesex Water Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
115
N/A
|
115
+0%
|
115
+0%
|
116
+1%
|
117
+1%
|
119
+1%
|
121
+2%
|
123
+2%
|
126
+2%
|
128
+1%
|
129
+1%
|
132
+2%
|
133
+1%
|
132
0%
|
133
+0%
|
131
-1%
|
131
0%
|
132
+1%
|
134
+1%
|
136
+2%
|
138
+1%
|
138
0%
|
136
-1%
|
135
-1%
|
135
0%
|
136
+1%
|
138
+1%
|
140
+2%
|
142
+1%
|
142
+1%
|
144
+1%
|
144
0%
|
143
0%
|
147
+3%
|
150
+2%
|
158
+5%
|
162
+3%
|
164
+1%
|
168
+2%
|
167
-1%
|
166
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(84)
|
(84)
|
(83)
|
(83)
|
(83)
|
(84)
|
(86)
|
(88)
|
(90)
|
(90)
|
(90)
|
(91)
|
(93)
|
(92)
|
(94)
|
(94)
|
(93)
|
(95)
|
(96)
|
(98)
|
(101)
|
(100)
|
(100)
|
(100)
|
(99)
|
(101)
|
(102)
|
(103)
|
(104)
|
(106)
|
(107)
|
(109)
|
(110)
|
(112)
|
(115)
|
(117)
|
(120)
|
(122)
|
(125)
|
(127)
|
(127)
|
|
Depreciation & Amortization |
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
|
Operations Maintenance |
(61)
|
(61)
|
(60)
|
(60)
|
(59)
|
(60)
|
(61)
|
(63)
|
(65)
|
(65)
|
(64)
|
(64)
|
(66)
|
(65)
|
(67)
|
(66)
|
(66)
|
(67)
|
(67)
|
(69)
|
(72)
|
(70)
|
(70)
|
(69)
|
(68)
|
(69)
|
(70)
|
(70)
|
(71)
|
(72)
|
(72)
|
(73)
|
(74)
|
(74)
|
(76)
|
(77)
|
(79)
|
(80)
|
(82)
|
(84)
|
(83)
|
|
Other Operating Expenses |
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
|
Operating Income |
31
N/A
|
31
+0%
|
32
+2%
|
33
+4%
|
34
+4%
|
35
+2%
|
36
+1%
|
35
0%
|
36
+1%
|
37
+5%
|
39
+3%
|
41
+7%
|
40
-2%
|
40
0%
|
39
-2%
|
38
-4%
|
38
+1%
|
37
-3%
|
38
+4%
|
38
+1%
|
37
-3%
|
38
+2%
|
36
-5%
|
35
-3%
|
36
+1%
|
35
-1%
|
35
+1%
|
37
+3%
|
37
+2%
|
37
-2%
|
37
+1%
|
35
-5%
|
33
-6%
|
35
+5%
|
35
+1%
|
40
+15%
|
42
+4%
|
42
+0%
|
43
+1%
|
39
-9%
|
39
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
4
|
4
|
5
|
4
|
5
|
5
|
5
|
6
|
6
|
6
|
7
|
8
|
8
|
8
|
7
|
6
|
|
Pre-Tax Income |
25
N/A
|
25
+0%
|
26
+2%
|
27
+5%
|
28
+4%
|
29
+3%
|
30
+2%
|
30
0%
|
31
+3%
|
32
+6%
|
33
+4%
|
37
+9%
|
35
-6%
|
34
-2%
|
33
-2%
|
31
-5%
|
34
+8%
|
33
-4%
|
34
+3%
|
34
+1%
|
33
-3%
|
34
+2%
|
32
-5%
|
31
-4%
|
31
-1%
|
31
+0%
|
32
+3%
|
33
+6%
|
34
+2%
|
34
-1%
|
35
+2%
|
32
-7%
|
31
-4%
|
38
+21%
|
38
+1%
|
44
+15%
|
46
+4%
|
40
-13%
|
40
0%
|
34
-14%
|
33
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(12)
|
(10)
|
(8)
|
(4)
|
(1)
|
1
|
2
|
2
|
3
|
4
|
5
|
5
|
4
|
4
|
4
|
5
|
6
|
4
|
2
|
(1)
|
(3)
|
(4)
|
(3)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
17
|
17
|
17
|
18
|
18
|
19
|
19
|
19
|
20
|
21
|
22
|
24
|
23
|
22
|
22
|
21
|
22
|
22
|
26
|
30
|
33
|
35
|
34
|
33
|
34
|
35
|
37
|
38
|
38
|
38
|
39
|
38
|
37
|
42
|
40
|
43
|
42
|
36
|
37
|
33
|
32
|
|
Net Income (Common) |
16
N/A
|
16
N/A
|
17
+2%
|
18
+6%
|
18
+4%
|
19
+3%
|
19
+2%
|
19
0%
|
20
+4%
|
21
+6%
|
22
+4%
|
24
+9%
|
23
-6%
|
22
-2%
|
22
-2%
|
21
-5%
|
23
+10%
|
23
+0%
|
26
+14%
|
31
+18%
|
32
+5%
|
34
+6%
|
34
-2%
|
33
-3%
|
34
+3%
|
35
+3%
|
36
+5%
|
38
+4%
|
38
+1%
|
38
-2%
|
39
+3%
|
38
-3%
|
36
-3%
|
42
+14%
|
40
-5%
|
42
+7%
|
42
0%
|
36
-15%
|
37
+3%
|
33
-12%
|
31
-4%
|
|
EPS (Diluted) |
1.03
N/A
|
1.03
N/A
|
1.01
-2%
|
1.09
+8%
|
1.13
+4%
|
1.15
+2%
|
1.17
+2%
|
1.17
N/A
|
1.22
+4%
|
1.29
+6%
|
1.34
+4%
|
1.47
+10%
|
1.38
-6%
|
1.36
-1%
|
1.33
-2%
|
1.25
-6%
|
1.37
+10%
|
1.37
N/A
|
1.57
+15%
|
1.85
+18%
|
1.96
+6%
|
2.07
+6%
|
2.04
-1%
|
1.96
-4%
|
2.01
+3%
|
1.98
-1%
|
2.07
+5%
|
2.18
+5%
|
2.18
N/A
|
2.13
-2%
|
2.2
+3%
|
2.13
-3%
|
2.07
-3%
|
2.36
+14%
|
2.24
-5%
|
2.39
+7%
|
2.39
N/A
|
2.03
-15%
|
2.08
+2%
|
1.84
-12%
|
1.76
-4%
|