Business Segment Data

3 Months Ended

Mar. 31, 2014

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
	March 31,
Operations by Segments:	2014			2013
Revenues:
Regulated	$	23,653		$	23,424
Non – Regulated		3,637			3,736
Inter-segment Elimination		(117	)		(122	)
Consolidated Revenues	$	27,173		$	27,038
Operating Income:
Regulated	$	5,404		$	5,338
Non – Regulated		563			527
Consolidated Operating Income	$	5,967		$	5,865
Net Income:
Regulated	$	2,881		$	2,910
Non – Regulated		288			267
Consolidated Net Income	$	3,169		$	3,177
Capital Expenditures:
Regulated	$	4,134		$	4,401
Non – Regulated		31			105
Total Capital Expenditures	$	4,165		$	4,506

	As of			As of
	March 31,			December 31,
	2014			2013
Assets:
Regulated	$	529,756		$	529,381
Non – Regulated		9,033			8,887
Inter-segment Elimination		(7,933	)		(7,927	)
Consolidated Assets	$	530,856		$	530,341