Unaudited Cash Flow Statement
Cash Flow on a GAAP basis for the fourth quarter of 2020 as compared to the fourth quarter of
2019, and the year-to-date 2020 versus 2019, are as follows:
000’s
Quarter Ended Year-to-Date
December 31, December 31, December 31, December 31,
2020 2019 2020 2019
Operating Activities:
Net Income (Loss) $ (2,577) $ (2,010) $ (1,984) $ (5,337)
Adjustments to Reconcile Net Income (Loss)
to Net Cash Provided by Operating Activities:
Depreciation and Amortization 2,223 2,238 8,637 8,537
Provision for Deferred Taxes 790 67 534 341
(Gain) on Disposition of Property 0 (61) 0 (150)
Other (8) 251 (33) 71
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivable (964) 1,271 (3,154) 717
(Increase) Decrease in Inventory 28 (56) 50 (37)
(Increase) Decrease in Other Assets (3,686) (3,839) (2,441) (2,692)
Increase (Decrease) in Accounts Payable 287 (3,407) (550) (1,836)
Increase (Decrease) in Other Liabilities 4,265 4,457 2,610 3,859
Net Cash Provided by (Used in) Operating Activities 358 (1,089) 3,669 3,473
Investing Activities:
Purchases of Property, Plant & Equipment,
including the Debt Component of AFUDC (4,419) (7,503) (10,165) (16,843)
(Increase) Decrease in Restricted Cash/Investments 0 0 0 0
Proceeds from Sale of Property 0 0 0 221
Change in Deferred Land Costs 0 (80) 0 0
Net Cash Provided by (Used in) Investing Activities _(4,419) (7,583) (10,165) (16,622)
Financing Activities:
Borrowings (Repayments) on Line of Credit 218 3,864 (3,803) 2,656
Payments on Long-term Debt (1,064) (968) (77,588) (6,034)
Contributions in Aid of Construction 15 24 35 48
Proceeds from Long-term Borrowings 2,255 6,594 87,290 18,692
Debt Issuance Costs 0 0 0 0
Dividends Paid (70) (69) (280) (279)
Net Cash Provided by (Used in) Financing Activities 1,354 9,445 5,654 15,083
Increase (Decrease) in Cash and Cash Equivalents (2,707) 773 (842) 1,934
Cash and Cash Equivalents at Beginning of Period 12,139 9,501 10,274 8,340
Cash and Cash Equivalents at End of Period $ 9,432 $ 10,274 $ 9432 $10,274
