Name: Middlesex Water Company (MSEX) Financial Statements
Creator: FinSpry

Middlesex Water Company Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Middlesex Water Company income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	191.88	166.27	162.43	143.14	141.59	134.60	138.08
Cost of Revenue	92.36	83.11	79.10	73.67	70.80	0.00	71.57
Gross Profit	99.51	83.16	83.34	69.47	70.80	134.60	66.51
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	46.30	127.05	41.24	36.26	104.17	99.08	29.37
Operating Income	53.21	39.22	47.33	33.21	37.42	35.52	37.14
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	12.77	10.71	7.05	5.46	0.00	0.00	6.76
Other Income/Expense	-1.95	-4.05	10.62	3.31	-0.36	0.65	2.99
Income
Income Before Tax	51.26	32.57	45.67	31.06	34.31	30.75	33.38
Income Tax Expense	6.91	1.04	3.24	-5.49	-4.12	-3.14	0.92
Net Income	44.35	31.52	42.43	36.54	38.43	33.89	32.45
Net Income - Continuous Operations	44.35	31.52	42.43	36.54	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	86.31	62.01	80.20	63.32	58.54	55.24	55.91
EBIT	58.27	32.57	52.72	36.52	37.70	38.01	40.13
Depreciation & Amortization	28.04	29.44	23.03	21.11	20.84	0.00	15.04
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Diluted EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	17.84	0.02	0.02	17.51	17.46	16.69	16.38
Diluted Shares Outstanding	17.95	0.02	0.02	17.60	17.57	16.83	16.54