Business Segment Data

6 Months Ended

Jun. 30, 2013

Business Segment Data

Business Segment Data

Note 5 – Business Segment Data

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

	(In Thousands)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2013			2012			2013			2012
Revenues:
Regulated	$	25,637		$	24,442		$	49,061		$	45,300
Non – Regulated		3,580			3,089			7,316			5,847
Inter-segment Elimination		(115	)		(130	)		(237	)		(200	)
Consolidated Revenues	$	29,102		$	27,401		$	56,140		$	50,947
Operating Income:
Regulated	$	7,678		$	6,878		$	13,016		$	10,381
Non – Regulated		493			332			1,020			706
Consolidated Operating Income	$	8,171		$	7,210		$	14,036		$	11,087
Net Income:
Regulated	$	4,235		$	3,557		$	7,145		$	5,144
Non – Regulated		246			168			513			388
Consolidated Net Income	$	4,481		$	3,725		$	7,658		$	5,532
Capital Expenditures:
Regulated	$	5,703		$	6,296		$	10,104		$	12,335
Non – Regulated		13			140			118			239
Total Capital Expenditures	$	5,716		$	6,436		$	10,222		$	12,574

	As of			As of
	June 30,			December 31,
	2013			2012
Assets:
Regulated	$	551,039		$	560,165
Non – Regulated		11,444			11,674
Inter-segment Elimination		(10,058	)		(10,113	)
Consolidated Assets	$	552,425		$	561,726