Middlesex Water Company (MSEX)

Middlesex Water Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.66	4.23	2.39	3.83	3.53	4.49
Accounts Receivable	30.41	29.61	27.47	24.68	22.58	21.63
Inventory	7.03	6.72	6.97	6.18	5.36	5.11
Prepaid Expenses	6.41	2.42	1.83	2.62	2.88	2.89
Other Current Assets	-	-	69.87	-	-	-
Total Current Assets	46.5	42.97	108.54	37.31	34.36	34.12
Property, Plant & Equipment	1,086	1,070	1,013	935.58	881.3	813.01
Regulatory Assets	102.69	101.78	90.69	90.05	100.74	118.14
Long-Term Deferred Charges	-	-	-	2.81	3.54	5.19
Other Long-Term Assets	43.5	40.72	23.77	8.71	0.08	6
Total Assets	1,279	1,255	1,236	1,074	1,020	976.47
Accounts Payable	31.5	28.05	27.62	24.85	21.13	30.44
Accrued Expenses	2.46	2.92	3.14	2.54	1.99	2.14
Short-Term Debt	34	23	42.75	55.5	13	2
Current Portion of Long-Term Debt	7.72	7.71	7.74	17.46	6.73	7.26
Current Unearned Revenue	1.54	1.48	1.39	1.37	1.33	1.26
Current Portion of Leases	0.5	0.57	-	-	-	-
Current Income Taxes Payable	17.44	11.98	10.54	12.16	8.62	10.14
Other Current Liabilities	6.07	7.19	10.66	3.99	3.83	3.62
Total Current Liabilities	101.22	82.89	103.83	117.86	56.62	56.85
Long-Term Debt	351.26	352.82	358.15	290.28	306.52	273.24
Long-Term Leases	2.27	2.43	3.06	3.71	4.37	5.04
Long-Term Unearned Revenue	183.05	181.37	122.27	113.38	127.86	111.99
Pension & Post-Retirement Benefits	-	-	-	-	11.29	34.43
Long-Term Deferred Tax Liabilities	103.63	101.24	88.74	77.78	69.5	61.3
Other Long-Term Liabilities	86.87	87.53	134.93	69.04	74.05	85.33
Total Liabilities	828.3	808.28	810.98	672.04	650.21	628.18
Total Preferred Equity	1.61	1.64	2.08	2.08	2.08	2.08
Common Stock	248.61	248.2	246.76	233.05	221.92	217.45
Retained Earnings	200.44	197.06	176.23	167.27	145.81	128.76
Total Common Equity	449.05	445.26	422.99	400.33	367.73	346.21
Shareholders' Equity	450.66	446.9	425.08	402.41	369.81	348.29
Total Liabilities & Equity	1,279	1,255	1,236	1,074	1,020	976.47
Total Debt	395.75	386.53	411.71	366.95	330.62	287.54
Net Cash (Debt)	-393.09	-382.31	-409.32	-363.12	-327.09	-283.05
Net Cash Per Share	-21.90	-21.30	-22.93	-20.50	-18.58	-16.11
Filing Date Shares Outstanding	17.92	17.89	17.82	17.64	17.54	17.47
Total Common Shares Outstanding	17.89	17.89	17.82	17.64	17.52	17.47
Working Capital	-54.72	-39.92	4.71	-80.55	-22.26	-22.73
Book Value Per Share	25.09	24.89	23.74	22.69	20.99	19.81
Tangible Book Value	449.05	445.26	422.99	400.33	367.73	346.21
Tangible Book Value Per Share	25.09	24.89	23.74	22.69	20.99	19.81
Machinery	1,299	1,276	1,214	1,082	1,040	901.9
Construction In Progress	32.2	34.21	19.64	53.57	24.95	80.06

Updated May 1, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q