ARTESIAN RESOURCES CORPORATION
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.6M | $5.9M | $7.0M | $6.3M | $5.4M | $6.8M | $5.3M | $4.4M |
| Depreciation & Amortization | $3.5M | $3.5M | $3.5M | $3.4M | $3.4M | $3.3M | $3.4M | $3.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $92.0K | — | — | $46.0K | — | — | $68.0K |
| Net Cash from Operating Activities | $10.2M | $8.6M | $11.0M | $7.9M | $11.0M | $10.7M | $6.9M | $12.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $12.7M | $13.1M | $14.3M | $15.9M | $10.4M | $12.6M | $9.5M | $8.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-13.1M | — | — | $-10.4M | — | — | $-8.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | $3.2M | — | — | $3.1M | — | — | $3.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $8.7M | — | — | $2.0M | — | — | $2.7M |
| Net Change in Cash | — | $4.2M | — | — | $2.6M | — | — | $7.0M |
| Free Cash Flow | $-2.5M | $-4.5M | $-3.3M | $-7.9M | $560.0K | $-1.9M | $-2.6M | $3.7M |