Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 303

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 303
---
 
    $248,202  
    $246,764 

    Retained Earnings 
     197,061  
     176,227 

    TOTAL
    COMMON STOCKHOLDERS’ EQUITY 
     445,263  
     422,991 

    Preferred Stock 
     1,635  
     2,084 

    Long-term Debt 
     352,822  
     358,153 

    TOTAL CAPITALIZATION 
     799,720  
     783,228 

    CURRENT 
    Current Portion of Long-term Debt 
     7,711  
     7,740 
  
    LIABILITIES: 
    Notes Payable 
     23,000  
     42,750 

    Accounts Payable 
     28,050  
     27,618 

    Litigation Settlement Payable 
     —  
     6,237 

    Accrued Taxes 
     11,976  
     10,535 

    Accrued Interest 
     2,916  
     3,138 

    Unearned Revenues and Advanced Service Fees 
     1,476  
     1,390 

    Other 
     7,759  
     4,421 

    TOTAL CURRENT LIABILITIES 
     82,888  
     103,829 

    COMMITMENTS AND CONTINGENT LIABILITIES (Note 4) 

    OTHER LIABILITIES: 
    Advances for Construction 
     22,629  
     21,313 

    Lease Obligations 
     2,432  
     3,063 

    Accumulated Deferred Income Taxes 
     101,235  
     88,736 

    Regulatory Liabilities 
     64,557  
     113,021 

    Other 
     344  
     592 

    TOTAL OTHER LIABILITIES 
     191,197  
     226,725 

    CONTRIBUTIONS IN AID OF CONSTRUCTION 
     181,369  
     122,270 

    TOTAL CAPITALIZATION AND LIABILITIES 
    $1,255,174  
    $1,236,052 

See Notes to Consolidated Financial Statements. 

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