Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 4

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 4
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,001)
  
    Unbilled Revenues 
     (2,337) 
     (3,233)
  
    Materials & Supplies 
     (204) 
     495 
  
    Prepayments 
     (3,616) 
     (2,092)
  
    Accounts Payable 
     8,326  
     (2,396)
  
    Accrued Taxes 
     3,395  
     3,706 
  
    Accrued Interest 
     154  
     114 
  
    Employee Benefit Plans 
     (2,699) 
     (4,457)
  
    Unearned Revenue & Advanced Service Fees 
     365  
     299 
  
    Recovered Costs-Environmental Litigation Settlement 
     —  
     (8,003)
  
    Other Assets and Liabilities 
     (2,224) 
     (1,131)

    NET CASH PROVIDED BY OPERATING ACTIVITIES 
     32,086  
     17,879 
  
    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Utility Plant Expenditures, Including AFUDC-Debt of $318 in 2025 and $180 in 2024 
     (50,635) 
     (28,737)
  
    Acquisition of Water Systems 
     (4,607) 
     — 

    NET CASH USED IN INVESTING ACTIVITIES 
     (55,242) 
     (28,737)
  
    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Redemption of Long-term Debt 
     (2,707) 
     (2,493)
  
    Proceeds from Issuance of Long-term Debt 
     886  
     561 
  
    Net Short-term Bank Borrowings 
     32,200  
     29,500 
  
    Deferred Debt Issuance Expense 
     —  
     (41)
  
    Payment of Grantee Withholding Taxes in Exchange for Restricted Stock 
     (379) 
     (1,328)
  
    Proceeds from Issuance of Common Stock 
     4,054  
     505 
  
    Common Stock Issuance Expense 
     (431) 
     —