15. Segment Reporting
For the years ended December 31, 2020 and 2019, and as of those dates, the following
financial results were generated by the segments of the Company:
(in thousands) 2020 2019
Operating Revenues:
Pennichuck Water $ 36,688 $ 32,280
Pennichuck East 9,805 8,819
Pittsfield Aqueduct 808 775
Subtotal Regulated Segment 47,301 41,874
Service Corporation 2,778 2,893
Other 12 12
Total Operating Revenues $ 50,091 §$ 44,779
Depreciation and Amortization Expense:
Pennichuck Water $ 7,341 $ 7,211
Pennichuck East 1,212 1,239
Pittsfield Aqueduct 116 116
Subtotal Regulated Segment 8,669 8,566
Service Corporation - -
Other (120) (117)
Total Depreciation and Amortization Expense $ 8549 $ 8,449
Operating Income:
Pennichuck Water $ 8,961 $ 5,303
Pennichuck East 1,148 355
Pittsfield Aqueduct 80 62
Subtotal Regulated Segment 10,189 5,720
Service Corporation 119 165
Other 21 -
Total Operating Income $ 10,329 §$ 5,885
Interest Expense:
Pennichuck Water $ 4903 $ 3,517
Pennichuck East 777 937
Pittsfield Aqueduct 40 42
Subtotal Regulated Segment 5,720 4,496
Service Corporation 2 6
Other 6,174 6,670
Total Interest Expense $ 11,896 §$ 11,172
(continued)
45
