Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 993

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 6
Chunk 993
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 for Deferred Income Taxes and
    Investment Tax Credits 
     (1,605) 
     (5,599) 
     (5,334)
  
    Equity Portion of Allowance for Funds Used During Construction (AFUDC) 
     (743) 
     (1,458) 
     (1,387)
  
    Cash Surrender Value of Life Insurance 
     (308) 
     (300) 
     401 
  
    Stock Compensation Expense 
     1,537  
     2,214  
     1,630 
  
    Gain on Sale of Subsidiary 
     —  
     —  
     (5,232)
  
    Changes in Assets and Liabilities: 

    Accounts Receivable 
     (670) 
     (2,154) 
     (707)
  
    Unbilled Revenues 
     (1,467) 
     (638) 
     (1,386)
  
    Materials and Supplies 
     253  
     (795) 
     (819)
  
    Prepayments 
     (589) 
     791  
     256 
  
    Accounts Payable 
     2,574  
     2,771  
     3,722 
  
    Accrued Taxes 
     1,441  
     (1,627) 
     3,541 
  
    Accrued Interest 
     (222) 
     603  
     549 
  
    Employee Benefit Plans 
     (3,696) 
     (1,340) 
     (4,266)
  
    Unearned Revenue and Advanced Service
    Fees 
     86  
     25  
     35 
  
    Recovered Costs Litigation
    Settlement 
     (9,031) 
     —  
     — 
  
    Other Assets and Liabilities 
     (1,219) 
     (677) 
     454 

    NET CASH PROVIDED BY OPERATING ACTIVITIES 
     58,730  
     52,782  
     61,361 
  
    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Utility Plant Expenditures, Including AFUDC-Debt of $511