See more : Xinya Electronic Co., Ltd. (605277.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Artesian Resources Corporation (ARTNA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Artesian Resources Corporation, a leading company in the Regulated Water industry within the Utilities sector.
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Artesian Resources Corporation (ARTNA)
About Artesian Resources Corporation
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 98.86M | 98.90M | 90.86M | 88.14M | 83.60M | 80.41M | 82.24M | 79.09M | 77.02M | 72.47M | 69.07M | 70.56M | 65.07M | 64.89M | 60.91M | 56.19M | 52.52M | 48.59M | 45.29M | 39.58M | 36.30M | 34.60M | 31.99M | 27.55M | 26.80M | 25.50M | 22.30M | 20.90M | 22.60M |
| Cost of Revenue | 50.63M | 50.62M | 45.36M | 43.62M | 42.50M | 41.21M | 41.05M | 38.26M | 38.45M | 37.09M | 36.63M | 36.22M | 35.45M | 34.71M | 32.37M | 0.00 | 0.00 | 2.42M | 0.00 | 0.00 | 0.00 | 18.33M | 543.00K | 15.40M | 14.69M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 48.23M | 48.28M | 45.50M | 44.53M | 41.09M | 39.20M | 41.18M | 40.83M | 38.57M | 35.38M | 32.44M | 34.35M | 29.62M | 30.17M | 28.54M | 56.19M | 52.52M | 46.17M | 45.29M | 39.58M | 36.30M | 16.26M | 31.44M | 12.15M | 12.11M | 25.50M | 22.30M | 20.90M | 22.60M |
| Gross Profit Ratio | 48.78% | 48.81% | 50.08% | 50.52% | 49.15% | 48.75% | 50.08% | 51.62% | 50.08% | 48.82% | 46.97% | 48.67% | 45.52% | 46.50% | 46.86% | 100.00% | 100.00% | 95.02% | 100.00% | 100.00% | 100.00% | 47.01% | 98.30% | 44.11% | 45.19% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 175.00K | 178.00K | 179.00K | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Other Expenses | 25.78M | 18.49M | 17.47M | 16.55M | 15.99M | 953.00K | 226.00K | 557.00K | 472.00K | 524.00K | 548.00K | 713.00K | 15.89M | 15.90M | 14.90M | 39.85M | 36.62M | 32.91M | 31.30M | 26.82M | 25.38M | 23.42M | 22.22M | 19.54M | 18.40M | 17.70M | 16.30M | 15.50M | 17.60M |
| Operating Expenses | 25.78M | 18.49M | 17.47M | 16.55M | 15.99M | 15.26M | 14.29M | 13.68M | 13.21M | 12.96M | 12.37M | 11.88M | 15.89M | 15.90M | 14.90M | 39.85M | 36.62M | 32.91M | 31.30M | 26.82M | 25.38M | 23.60M | 22.40M | 19.72M | 18.60M | 17.90M | 16.50M | 15.70M | 17.80M |
| Cost & Expenses | 76.42M | 69.11M | 62.83M | 60.16M | 58.49M | 56.47M | 55.34M | 51.94M | 51.66M | 50.04M | 49.00M | 48.09M | 51.33M | 50.62M | 47.27M | 39.85M | 36.62M | 32.91M | 31.30M | 26.82M | 25.38M | 23.60M | 22.40M | 19.72M | 18.60M | 17.90M | 16.50M | 15.70M | 17.80M |
| Interest Income | 0.00 | 8.50M | 7.59M | 7.62M | 7.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 9.16M | 8.50M | 7.59M | 7.62M | 7.02M | 6.25M | 6.18M | 6.64M | 7.00M | 7.39M | 7.06M | 7.05M | 7.29M | 7.30M | 7.22M | 6.61M | 6.31M | 6.34M | 6.12M | 5.94M | 4.89M | 4.39M | 4.54M | 4.06M | 6.28M | 3.20M | 0.00 | 2.50M | 2.80M |
| Depreciation & Amortization | 13.34M | 12.62M | 11.89M | 11.14M | 10.80M | 10.29M | 9.56M | 9.19M | 8.84M | 8.67M | 8.25M | 7.93M | 7.41M | 7.03M | 6.56M | 5.78M | 5.16M | 4.61M | 4.36M | 4.05M | 3.64M | 3.24M | 2.85M | 2.54M | 2.30M | 2.10M | 2.20M | 2.30M | 2.40M |
| EBITDA | 42.13M | 42.40M | 39.92M | 39.12M | 35.91M | 34.23M | 36.45M | 36.34M | 34.20M | 31.09M | 28.32M | 31.11M | 20.85M | 20.65M | 19.37M | 17.69M | 21.06M | 20.29M | 18.06M | 16.64M | 14.55M | 14.39M | 12.50M | 10.54M | 10.50M | 9.70M | 8.00M | 7.50M | 7.20M |
| EBITDA Ratio | 42.61% | 44.16% | 45.36% | 45.49% | 43.69% | 43.76% | 44.60% | 46.65% | 45.02% | 43.63% | 41.80% | 44.09% | 32.04% | 31.83% | 31.79% | 38.71% | 39.19% | 41.10% | 39.88% | 42.05% | 39.96% | 40.50% | 39.09% | 38.09% | 38.81% | 38.04% | 35.87% | 35.89% | 31.86% |
| Operating Income | 22.45M | 23.91M | 22.29M | 22.30M | 19.93M | 18.96M | 19.60M | 18.82M | 17.58M | 16.05M | 14.48M | 15.86M | 13.74M | 14.27M | 13.65M | 16.33M | 15.90M | 15.68M | 13.99M | 12.77M | 10.92M | 11.00M | 9.59M | 7.83M | 8.20M | 7.60M | 5.80M | 5.20M | 4.80M |
| Operating Income Ratio | 22.70% | 24.17% | 24.54% | 25.29% | 23.84% | 23.57% | 23.83% | 23.79% | 22.83% | 22.14% | 20.97% | 22.47% | 21.11% | 21.99% | 22.40% | 29.07% | 30.27% | 32.28% | 30.89% | 32.25% | 30.08% | 31.79% | 29.97% | 28.42% | 30.60% | 29.80% | 26.01% | 24.88% | 21.24% |
| Total Other Income/Expenses | 601.00K | -30.00K | 270.00K | 206.00K | 181.00K | 314.00K | 1.68M | 2.47M | 1.51M | -165.00K | -595.00K | 607.00K | -6.99M | -6.65M | 835.00K | -1.06M | -5.50M | -5.72M | -5.61M | -5.47M | -4.61M | -4.01M | -4.08M | -3.76M | -3.20M | -3.10M | -2.60M | -2.40M | -2.80M |
| Income Before Tax | 23.05M | 23.88M | 22.56M | 22.50M | 20.11M | 19.27M | 21.28M | 21.29M | 19.09M | 15.88M | 13.89M | 16.46M | 14.04M | 14.92M | 14.48M | 10.85M | 10.40M | 9.96M | 8.38M | 7.29M | 6.30M | 6.99M | 5.51M | 4.07M | 5.00M | 4.50M | 3.20M | 2.80M | 2.00M |
| Income Before Tax Ratio | 23.31% | 24.14% | 24.83% | 25.53% | 24.05% | 23.96% | 25.87% | 26.91% | 24.78% | 21.92% | 20.11% | 23.33% | 21.57% | 22.99% | 23.77% | 19.30% | 19.79% | 20.50% | 18.51% | 18.43% | 17.37% | 20.21% | 17.21% | 14.77% | 18.66% | 17.65% | 14.35% | 13.40% | 8.85% |
| Income Tax Expense | 6.35M | 5.88M | 5.74M | 5.68M | 5.18M | 4.99M | 7.30M | 8.33M | 7.78M | 6.38M | 5.59M | 6.62M | 6.99M | 6.65M | 6.38M | 4.43M | 4.13M | 3.89M | 3.35M | 2.89M | 2.39M | 2.83M | 2.18M | 1.62M | 2.00M | 1.80M | 1.20M | 1.10M | 800.00K |
| Net Income | 16.70M | 18.00M | 16.83M | 16.82M | 14.93M | 14.28M | 13.98M | 12.95M | 11.31M | 9.51M | 8.30M | 9.85M | 6.75M | 7.62M | 7.26M | 6.42M | 6.26M | 6.07M | 5.04M | 4.40M | 3.92M | 4.17M | 3.32M | 2.45M | 3.00M | 2.70M | 2.00M | 1.70M | 1.20M |
| Net Income Ratio | 16.89% | 18.20% | 18.52% | 19.08% | 17.85% | 17.76% | 17.00% | 16.38% | 14.68% | 13.12% | 12.02% | 13.95% | 10.37% | 11.74% | 11.92% | 11.42% | 11.92% | 12.50% | 11.12% | 11.12% | 10.79% | 12.04% | 10.38% | 8.90% | 11.19% | 10.59% | 8.97% | 8.13% | 5.31% |
| EPS | 1.67 | 1.90 | 1.79 | 1.80 | 1.61 | 1.55 | 1.52 | 1.42 | 1.26 | 1.07 | 0.95 | 1.14 | 0.83 | 1.01 | 0.97 | 0.87 | 0.92 | 1.00 | 0.84 | 0.75 | 0.66 | 0.78 | 0.71 | 0.53 | 0.66 | 0.65 | 0.48 | 0.47 | 0.47 |
| EPS Diluted | 1.67 | 1.90 | 1.79 | 1.80 | 1.60 | 1.54 | 1.51 | 1.41 | 1.26 | 1.07 | 0.94 | 1.13 | 0.83 | 1.00 | 0.97 | 0.86 | 0.90 | 0.97 | 0.81 | 0.72 | 0.64 | 0.76 | 0.70 | 0.52 | 0.65 | 0.64 | 0.48 | 0.47 | 0.47 |
| Weighted Avg Shares Out | 10.02M | 9.46M | 9.39M | 9.33M | 9.28M | 9.24M | 9.18M | 9.10M | 8.96M | 8.88M | 8.77M | 8.67M | 8.12M | 7.56M | 7.45M | 7.35M | 6.79M | 6.06M | 5.98M | 5.87M | 5.82M | 5.30M | 4.58M | 4.52M | 4.41M | 4.04M | 3.99M | 3.39M | 2.33M |
| Weighted Avg Shares Out (Dil) | 10.02M | 9.48M | 9.43M | 9.37M | 9.33M | 9.29M | 9.24M | 9.16M | 9.01M | 8.93M | 8.84M | 8.72M | 8.16M | 7.62M | 7.51M | 7.43M | 6.94M | 6.24M | 6.18M | 6.11M | 5.99M | 5.42M | 4.67M | 4.60M | 4.49M | 4.09M | 3.99M | 3.39M | 2.33M |
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