PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
As of December 31, 2016 and 2015
(in thousands, except share data)
2016 2015
STOCKHOLDER'S EQUITY AND LIABILITIES
Stockholder's Equity:
Common stock; $0.01 par value; 1,000 shares
authorized, issued and outstanding $ - $ -
Additional paid in capital 30,561 30,561
Accumulated deficit (10,241) (8,721)
Accumulated other comprehensive income 258 201
Total Stockholder's Equity 20,578 22,041
Long-Term Debt, Less Current Portion
and Unamortized Debt Issuance Costs 200,758 201,283
Current Liabilities:
Current portion of long-term debt 5,162 4,120
Accounts payable 5,975 1,492
Deferred revenue 63 66
Accrued interest payable 1,704 1,318
Other accrued expenses 980 243
Accrued wages and payroll withholding 271 220
Customer deposits and other 805 151
Total Current Liabilities 14,960 7,610
Other Liabilities and Deferred Credits:
Deferred income taxes 20,869 20,642
Accrued pension liability 9,010 8,286
Unamortized debt premium 3,082 3,243
Deferred investment tax credits 537 570
Regulatory liability 760 781
Accrued post-retirement benefits 2,578 2,242
Customer advances 84 84
Contributions in aid of construction, net 40,364 37,929
Derivative instrument 453 548
Other long-term liabilities 562 635
Total Other Liabilities and Deferred Credits 78,299 74,960
TOTAL STOCKHOLDER'S EQUITY AND LIABILITIES $ 314,595 $ 305,894
The accompanying notes are an integral part of these consolidated financial statements.
