ARTESIAN RESOURCES CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.2M | $79.1M | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $19.6M | $18.8M | $17.6M | $16.0M | $14.5M | $15.9M | $13.7M | $14.3M |
| Operating Margin | 23.8% | 23.8% | — | — | — | — | — | — |
| Interest Expense | $6.2M | $6.6M | $7.0M | $7.4M | $7.1M | $7.0M | $7.3M | $7.3M |
| Pretax Income | $21.3M | $21.3M | $19.1M | $15.9M | $13.9M | $16.5M | $11.4M | $12.7M |
| Income Tax Expense | $7.3M | $8.3M | $7.8M | $6.4M | $5.6M | $6.6M | — | — |
| Net Income | $14.0M | $13.0M | $11.3M | $9.5M | $8.3M | $9.8M | $6.7M | $7.6M |
| Net Margin | 17.0% | 16.4% | — | — | — | — | — | — |
| EPS (Basic) | $1.52 | $1.42 | $1.26 | $1.07 | $0.95 | $1.14 | $0.83 | $1.01 |
| EPS (Diluted) | $1.51 | $1.41 | $1.26 | $1.07 | $0.94 | $1.13 | $0.83 | $1.00 |
| Shares Outstanding (Basic) | 9.2M | 9.1M | 9.0M | 8.9M | 8.8M | 8.7M | 8.1M | 7.6M |
| Shares Outstanding (Diluted) | 9.2M | 9.2M | 9.0M | 8.9M | 8.8M | 8.7M | 8.2M | 7.6M |
| Dividends Per Share | $0.93 | $0.90 | $0.87 | $0.85 | $0.82 | $0.79 | $0.76 | $0.75 |