PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31, 2016 and 2015
(in thousands, except share data)
2016 2015
ASSETS
Property, Plant and Equipment, net $ 201,698 $ 183,241
Current Assets:
Cash and cash equivalents 2,446 1,246
Restricted cash - RSF 6,530 5,729
Restricted cash - Bond Project Funds 7,568 2,542
Investments - Bond Project Funds - 17,237
Accounts receivable - billed, net 4,137 2,184
Accounts receivable - unbilled, net 1,921 2,283
Accounts receivable - other 28 35
Inventory 666 712
Prepaid expenses 532 667
Prepaid property taxes 1,163 1,334
Deferred and refundable income taxes 352 231
Total Current Assets 25,343 34,200
Other Assets:
Deferred land costs 2,248 2,255
Deferred charges and other assets 10,058 9,066
Investment in real estate partnership 104 104
Acquisition premium, net 75,144 77,028
Total Other Assets 87,554 88,453
TOTAL ASSETS $ 314,595 $ 305,894
The accompanying notes are an integral part of these consolidated financial statements.
