MSEX Financials 07/21/2014 22:57:33

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MSEX Financials 07/21/2014 22:57:33
Middlesex Water Co.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 114,846 110,379 102,069 102,735
Cost of Revenue 60,748 60,458 56,634 55,481
Gross Profit 54,098 49,921 45,435 47,254
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 12,140 11,865 11,488 11,413
Non-Recurring Items - - - -
Other 10,988 10,409 9,746 9,244
Operating Income 30,970 27,647 24,201 26,597
Income From Continuing Operations
Add'l Income/Expense Items 91 857 2,149 1,444
Earnings Before Interest and Tax 31,061 28,504 26,350 28,041
Interest Expense 5,807 6,725 6,376 6,925
Earnings Before Tax 25,254 21,779 19,974 21,116
Income Tax 8,621 7,383 6,527 6,786
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 16,633 14,396 13,447 14,330
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 16,633 14,396 13,447 14,330
Preferred Stock and Other Adjustments (190) (206) (206) (207)
Net Income Applicable to Common Shareholders 16,443 14,190 13,241 14,123
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