MIDDLESEX WATER COMPANY
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $22.8M | $22.7M | $20.0M | $18.4M | $16.6M | $14.4M | $13.4M | $14.3M |
| Depreciation & Amortization | $14.8M | $13.5M | $13.1M | $12.2M | $11.9M | $11.2M | $10.4M | $10.0M |
| Depreciation | $13.9M | $12.8M | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $840.0K | $829.0K | $633.0K | $539.0K | $493.0K | $553.0K | $394.0K | $323.0K |
| Net Cash from Operating Activities | $42.8M | $47.1M | $51.2M | $32.6M | $33.8M | $29.6M | $22.8M | $25.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-50.3M | $-47.4M | $-24.4M | — | — | $-22.3M | $-20.1M | $-31.4M |
| Financing Activities | ||||||||
| Dividends Paid | $14.0M | $13.1M | $12.6M | $12.2M | $11.9M | $206.0K | $206.0K | $207.0K |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $9.5M | $714.0K | $-26.0M | — | — | $-7.3M | $-2.1M | $4.0M |
| Net Change in Cash | $2.1M | $410.0K | $796.0K | $-2.2M | $1.8M | $-81.0K | $653.0K | $-1.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |