Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 61

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 61
---
    Litigation Settlement Receivable 
    $(6,237) 
    $69,872  
    $— 
  
    Litigation Settlement Payable 
    $(6,237) 
    $6,237  
    $— 
  
    Conversion of Preferred Stock Into
    Common Stock 
    $449  
    $—  
    $— 

    SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: 

       Cash Paid During the Year for: 

    Interest 
    $14,485  
    $12,762  
    $9,251 
  
    Interest Capitalized 
    $511  
    $975  
    $927 
  
    Income Taxes 
    $3,169  
    $2,962  
    $3,230 

See Notes to Consolidated Financial Statements. 

42 

MIDDLESEX WATER COMPANY

 CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT

(In thousands)

     December 31,   December 31,      2024   2023   Common Stock, No Par Value            Shares Authorized - 40,000            Shares Outstanding - 2024 - 17,887; 2023 - 17,821  $248,202   $246,764                Retained Earnings   197,061    176,227   TOTAL COMMON STOCKHOLDERS’ EQUITY  $445,263   $422,991                Cumulative Preferred Stock, No Par Value:            Shares Authorized - 120            Shares Outstanding - 2024 - 16; 2023 - 20               Convertible:            Shares Outstanding, $7.00 Series - 2024 - 5; 2023 - 10  $556   $1,005      Nonredeemable:            Shares Outstanding, $7.00 Series -   1   79    79   Shares Outstanding, $4.75 Series - 10   1,000    1,000   TOTAL PREFERRED STOCK  $1,635   $2,084