ARTESIAN RESOURCES CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $14.0M | $13.0M | $11.3M | $9.5M | $8.3M | $9.8M | $6.7M | $7.6M |
| Depreciation & Amortization | $9.6M | $9.2M | $8.8M | $8.7M | $8.3M | $7.9M | $7.4M | $7.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $423.0K | $92.0K | $183.0K | $135.0K | $123.0K | $108.0K | $120.0K | $111.0K |
| Net Cash from Operating Activities | $35.8M | $29.8M | $28.4M | $18.5M | $21.0M | $23.4M | $19.2M | $18.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $41.1M | $28.3M | $20.7M | $23.7M | $21.2M | $20.5M | $15.8M | $19.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-41.0M | $-28.2M | $-20.6M | — | $-21.2M | $-20.5M | $-15.7M | $-19.6M |
| Financing Activities | ||||||||
| Dividends Paid | $8.5M | $8.2M | $7.8M | $7.5M | $7.2M | $6.9M | $6.2M | $5.7M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $6.0M | $-1.6M | $-7.8M | — | $-62.0K | $-2.6M | $-3.4M | $1.2M |
| Net Change in Cash | $726.0K | $17.0K | $-34.0K | $-179.0K | $-195.0K | $306.0K | $132.0K | $-295.0K |
| Free Cash Flow | $-5.3M | $1.5M | $7.7M | $-5.3M | $-166.0K | $2.8M | $3.4M | $-1.5M |