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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,982 $ 5,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred compensation 1,325 1,529
Depreciation and amortization 11,437 9,889
Right of use amortization 324 182
Amortization of deferred debt issuance costs and discounts 44 44
(Gain) Loss on disposal of fixed assets (63) 4
Provision for credit losses 68 103
Deferred income tax expense 2,394 1,367
Changes in assets and liabilities    
Accounts receivable (702) (248)
Other current assets (292) 210
Accounts payable and other current liabilities (635) (1,830)
Other noncurrent assets 312 387
Other noncurrent liabilities 3,199 6,193
Net cash provided by operating activities 25,393 23,336
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (22,312) (33,984)
Cash paid for acquisitions, net of cash acquired (6,246) (180)
Other cash flows from investing activities (40) (24)
Net cash used in investing activities (28,598) (34,188)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (7,185) (6,889)
Advances in aid of construction 1,510 2,344
Refunds of advances for construction (1,171) (1,140)
Proceeds from stock option exercise 9 3
Payments for taxes related to net shares settlement of equity awards (373) (585)
Principal payments under finance lease (525) 0
Line of credit borrowings, net 2,315 0
Loan borrowings 260 259
Loan repayments (29)  
Repayments of bond (3,833) (3,833)
Proceeds from sale of stock 2,748 14,812
Payments of offering costs for sale of stock (20) 0
Other contributions 6,700 0
Net cash provided by financing activities 406 4,971
INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (2,799) (5,881)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period 7,562 13,443
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of period 4,763 7,562
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 3,087 6,561
Restricted Cash 1,676 1,001
Total cash, cash equivalents, and restricted cash $ 4,763 $ 7,562