PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2016 and 2015
(in thousands)
Operating Activities:
Net Loss
Adjustments to reconcile net loss to net cash
provided by operating activities:
Depreciation and amortization
Amortization of original issue discount
Equity component of AFUDC
Amortization of deferred investment tax credits
Provision for deferred income tax
Undistributed loss in real estate partnership
Gain on disposition of property
Changes in assets and liabilities:
(Increase) decrease in accounts receivable billed and unbilled
Decrease in inventory
(Increase) decrease in prepaid expenses
(Increase) decrease in deferred charges and other assets
(Increase) in refundable income taxes
Increase (decrease) in accounts payable and deferred revenue
Increase in accrued interest payable
Increase in other
Net cash provided by operating activities
Investing Activities:
Purchase of property, plant and equipment including debt
component of allowance for funds used during construction
(Increase) decrease in restricted cash
Purchase of marketable securities
Proceeds from sale of marketable securities
Proceeds from sale of property
Change in investment in real estate partnership and
deferred land costs
Net cash provided (used) by investing activities
$
2016
(1,240)
7,019
(137)
(33)
189
(529)
(1,584)
46
185
(456)
(2)
4,480
386
2,409
10,733
(21,886)
(5,826)
17,236
946
7
(9,523)
2015
$ (2,292)
6,586
252
(25)
(33)
294
129
90
(550)
1,123
(23)
(152)
636
530
6,566
(13,866)
37,565
(17,237)
(>)
6,457
The accompanying notes are an integral part of these consolidated financial statements.
