ARTNA: Artesian Resources Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Artesian Resources Corp (ARTNA).

OverviewDividends

$325.62M Market Cap.

As of 05/10/2025 5:00 PM ET (MRY) • Disclaimer

ARTNA Market Cap. (MRY)


ARTNA Shares Outstanding (MRY)


ARTNA Assets (MRY)


Total Assets

$798.62M

Total Liabilities

$559.43M

Total Investments

$0

ARTNA Income (MRY)


Revenue

$107.95M

Net Income

$20.39M

Operating Expense

$13.63M

ARTNA Cash Flow (MRY)


CF Operations

$36.82M

CF Investing

-$45.32M

CF Financing

$7.14M

ARTNA Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$798,623,000 (4.15%)

$766,832,000 (6.54%)

$719,791,000 (15.22%)

$624,715,000 (5.31%)

Assets Current

$24,528,000 (-19.89%)

$30,617,000 (10.12%)

$27,804,000 (48.97%)

$18,664,000 (5.93%)

Assets Non-Current

$774,095,000 (5.15%)

$736,215,000 (6.39%)

$691,987,000 (14.18%)

$606,051,000 (5.29%)

Goodwill & Intangible Assets

$1,939,000 (0.00%)

$1,939,000 (0.00%)

$1,939,000 (0%)

$0 (0%)

Shareholders Equity

$239,189,000 (3.82%)

$230,397,000 (22.60%)

$187,930,000 (5.57%)

$178,010,000 (5.07%)

Property Plant & Equipment Net

$751,203,000 (4.55%)

$718,483,000 (6.88%)

$672,238,000 (13.05%)

$594,633,000 (5.47%)

Cash & Equivalents

$1,147,000 (-54.21%)

$2,505,000 (91.37%)

$1,309,000 (1322.83%)

$92,000 (228.57%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$4,278,000 (-28.50%)

$5,983,000 (27.24%)

$4,702,000 (143.25%)

$1,933,000 (25.93%)

Trade & Non-Trade Receivables

$13,200,000 (-10.59%)

$14,764,000 (-2.21%)

$15,097,000 (59.81%)

$9,447,000 (-16.60%)

Trade & Non-Trade Payables

$11,228,000 (15.79%)

$9,697,000 (-11.27%)

$10,929,000 (7.08%)

$10,206,000 (60.95%)

Accumulated Retained Earnings (Deficit)

$84,969,000 (10.72%)

$76,743,000 (7.66%)

$71,286,000 (12.07%)

$63,607,000 (12.37%)

Tax Assets

$2,812,000 (-30.88%)

$4,068,000 (6.55%)

$3,818,000 (-15.90%)

$4,540,000 (80.16%)

Tax Liabilities

$53,174,000 (-9.58%)

$58,806,000 (6.93%)

$54,997,000 (2.63%)

$53,589,000 (5.03%)

Total Debt

$179,111,000 (-1.07%)

$181,054,000 (-8.70%)

$198,305,000 (15.28%)

$172,023,000 (0.34%)

Debt Current

$2,198,000 (-2.05%)

$2,244,000 (-89.90%)

$22,220,000 (-21.55%)

$28,324,000 (-1.22%)

Debt Non-Current

$176,913,000 (-1.06%)

$178,810,000 (1.55%)

$176,085,000 (22.54%)

$143,699,000 (0.65%)

Total Liabilities

$559,434,000 (4.29%)

$536,435,000 (0.86%)

$531,861,000 (19.06%)

$446,705,000 (5.41%)

Liabilities Current

$25,593,000 (14.18%)

$22,414,000 (-49.14%)

$44,070,000 (-6.64%)

$47,206,000 (7.96%)

Liabilities Non-Current

$533,841,000 (3.86%)

$514,021,000 (5.38%)

$487,791,000 (22.10%)

$399,499,000 (5.11%)

ARTNA Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$107,952,000 (9.20%)

$98,861,000 (-0.04%)

$98,897,000 (8.85%)

$90,859,000 (3.08%)

Cost of Revenue

$60,857,000 (7.27%)

$56,732,000 (0.42%)

$56,493,000 (10.89%)

$50,943,000 (3.93%)

Selling General & Administrative Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$13,629,000 (2.20%)

$13,335,000 (5.67%)

$12,620,000 (6.18%)

$11,885,000 (6.66%)

Interest Expense

$8,779,000 (-4.12%)

$9,156,000 (7.69%)

$8,502,000 (11.99%)

$7,592,000 (-0.35%)

Income Tax Expense

$7,315,000 (15.23%)

$6,348,000 (8.00%)

$5,878,000 (2.46%)

$5,737,000 (0.93%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$20,394,000 (22.13%)

$16,699,000 (-7.22%)

$17,998,000 (6.96%)

$16,827,000 (0.06%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$20,394,000 (22.13%)

$16,699,000 (-7.22%)

$17,998,000 (6.96%)

$16,827,000 (0.06%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$20,394,000 (22.13%)

$16,699,000 (-7.22%)

$17,998,000 (6.96%)

$16,827,000 (0.06%)

Weighted Average Shares

$10,294,000 (2.76%)

$10,018,000 (5.88%)

$9,462,000 (0.72%)

$9,394,000 (0.72%)

Weighted Average Shares Diluted

$10,296,000 (2.73%)

$10,022,000 (5.71%)

$9,481,000 (0.58%)

$9,426,000 (0.61%)

Earning Before Interest & Taxes (EBIT)

$36,488,000 (13.31%)

$32,203,000 (-0.54%)

$32,378,000 (7.37%)

$30,156,000 (0.12%)

Gross Profit

$47,095,000 (11.79%)

$42,129,000 (-0.65%)

$42,404,000 (6.23%)

$39,916,000 (2.03%)

Operating Income

$33,466,000 (16.23%)

$28,794,000 (-3.32%)

$29,784,000 (6.25%)

$28,031,000 (0.19%)

ARTNA Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$45,319,000 (27.00%)

-$62,078,000 (-13.37%)

-$54,759,000 (-34.46%)

-$40,724,000 (-1.88%)

Net Cash Flow from Financing

$7,138,000 (-77.28%)

$31,423,000 (-0.91%)

$31,711,000 (234.57%)

$9,478,000 (-50.24%)

Net Cash Flow from Operations

$36,823,000 (15.61%)

$31,851,000 (31.26%)

$24,265,000 (-22.50%)

$31,310,000 (53.80%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$1,358,000 (-213.55%)

$1,196,000 (-1.73%)

$1,217,000 (1801.56%)

$64,000 (111.27%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

-$6,341,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$45,319,000 (27.00%)

-$62,078,000 (-28.21%)

-$48,418,000 (-18.89%)

-$40,724,000 (-18.97%)

Issuance (Repayment) of Debt Securities

-$1,477,000 (91.11%)

-$16,610,000 (-170.65%)

$23,509,000 (1021.08%)

$2,097,000 (-88.09%)

Issuance (Purchase) of Equity Shares

$347,000 (-99.06%)

$37,073,000 (1673.83%)

$2,090,000 (50.36%)

$1,390,000 (-9.68%)

Payment of Dividends & Other Cash Distributions

-$12,168,000 (-8.24%)

-$11,242,000 (-8.94%)

-$10,319,000 (-5.02%)

-$9,826,000 (-4.80%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$219,000 (-13.78%)

$254,000 (67.11%)

$152,000 (-21.24%)

$193,000 (8.43%)

Depreciation Amortization & Accretion

$13,629,000 (2.20%)

$13,335,000 (5.67%)

$12,620,000 (6.18%)

$11,885,000 (6.66%)

ARTNA Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

43.60% (2.35%)

42.60% (-0.70%)

42.90% (-2.28%)

43.90% (-1.13%)

Profit Margin

18.90% (11.83%)

16.90% (-7.14%)

18.20% (-1.62%)

18.50% (-3.14%)

EBITDA Margin

46.40% (0.65%)

46.10% (1.32%)

45.50% (-1.73%)

46.30% (-1.07%)

Return on Average Equity (ROAE)

8.60% (13.16%)

7.60% (-22.45%)

9.80% (1.03%)

9.70% (-4.90%)

Return on Average Assets (ROAA)

2.60% (18.18%)

2.20% (-15.38%)

2.60% (-3.70%)

2.70% (-6.90%)

Return on Sales (ROS)

33.80% (3.68%)

32.60% (-0.31%)

32.70% (-1.51%)

33.20% (-2.92%)

Return on Invested Capital (ROIC)

3.90% (8.33%)

3.60% (-7.69%)

3.90% (-4.88%)

4.10% (-4.65%)

Dividend Yield

3.70% (37.04%)

2.70% (42.11%)

1.90% (-17.39%)

2.30% (-14.81%)

Price to Earnings Ratio (P/E)

15.97 (-35.66%)

24.82 (-19.50%)

30.83 (19.12%)

25.88 (25.65%)

Price to Sales Ratio (P/S)

3.02 (-28.21%)

4.2 (-25.07%)

5.61 (17.01%)

4.79 (22.07%)

Price to Book Ratio (P/B)

1.36 (-26.39%)

1.85 (-37.49%)

2.96 (20.83%)

2.45 (19.77%)

Debt to Equity Ratio (D/E)

2.34 (0.47%)

2.33 (-17.74%)

2.83 (12.79%)

2.51 (0.32%)

Earnings Per Share (EPS)

1.98 (18.56%)

1.67 (-12.11%)

1.9 (6.15%)

1.79 (-0.56%)

Sales Per Share (SPS)

10.49 (6.27%)

9.87 (-5.59%)

10.45 (8.06%)

9.67 (2.35%)

Free Cash Flow Per Share (FCFPS)

-0.82 (72.65%)

-3.02 (-18.17%)

-2.55 (-154.79%)

-1 (32.62%)

Book Value Per Share (BVPS)

23.24 (1.03%)

23 (15.79%)

19.86 (4.82%)

18.95 (4.32%)

Tangible Assets Book Value Per Share (TABVPS)

77.39 (1.36%)

76.35 (0.64%)

75.87 (14.08%)

66.5 (4.56%)

Enterprise Value Over EBIT (EV/EBIT)

14 (-26.32%)

19 (-17.39%)

23 (15.00%)

20 (17.65%)

Enterprise Value Over EBITDA (EV/EBITDA)

9.95 (-24.89%)

13.24 (-19.66%)

16.49 (13.91%)

14.47 (16.02%)

Asset Turnover

0.14 (3.79%)

0.13 (-8.33%)

0.14 (-2.70%)

0.15 (-2.63%)

Current Ratio

0.96 (-29.87%)

1.37 (116.48%)

0.63 (59.75%)

0.4 (-1.99%)

Dividends

$1.18 (4.05%)

$1.14 (4.03%)

$1.09 (4.30%)

$1.05 (4.08%)

Free Cash Flow (FCF)

-$8,496,000 (71.89%)

-$30,227,000 (-25.15%)

-$24,153,000 (-156.56%)

-$9,414,000 (32.14%)

Enterprise Value (EV)

$498,551,021 (-17.34%)

$603,161,526 (-18.70%)

$741,900,018 (21.92%)

$608,513,369 (18.21%)

Earnings Before Tax (EBT)

$27,709,000 (20.23%)

$23,047,000 (-3.47%)

$23,876,000 (5.81%)

$22,564,000 (0.28%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$50,117,000 (10.06%)

$45,538,000 (1.20%)

$44,998,000 (7.03%)

$42,041,000 (1.89%)

Invested Capital

$949,055,000 (3.04%)

$921,028,000 (5.77%)

$870,778,000 (16.19%)

$749,440,000 (3.96%)

Working Capital

-$1,065,000 (-112.98%)

$8,203,000 (150.43%)

-$16,266,000 (43.01%)

-$28,542,000 (-9.34%)

Tangible Asset Value

$796,684,000 (4.16%)

$764,893,000 (6.55%)

$717,852,000 (14.91%)

$624,715,000 (5.31%)

Market Capitalization

$325,621,021 (-23.56%)

$425,981,526 (-23.38%)

$555,982,018 (27.58%)

$435,793,369 (25.82%)

Average Equity

$235,976,250 (7.70%)

$219,100,500 (18.87%)

$184,316,500 (5.87%)

$174,095,500 (5.43%)

Average Assets

$788,296,250 (4.95%)

$751,138,000 (9.28%)

$687,357,750 (12.25%)

$612,371,000 (5.48%)

Invested Capital Average

$936,042,750 (3.77%)

$902,005,750 (8.58%)

$830,691,250 (12.92%)

$735,662,500 (4.19%)

Shares

10,297,945 (0.20%)

10,276,997 (8.28%)

9,490,987 (0.90%)

9,406,289 (0.70%)