PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2016 and 2015
(in thousands)
2016 2015
Financing Activities:
Borrowings (payments) on line of credit, net $ - $ 7
Payments on long-term debt (4,227) (42,484)
Contributions in aid of construction 58 132
Proceeds from long-term borrowings 4,498 28,098
Debt issuance costs (59) (232)
Dividends paid (280) (278)
Net cash used by financing activities (10) (14,764)
Increase (Decrease) in cash and cash equivalents 1,200 (1,741)
Cash and cash equivalents, beginning of period 1,246 2,987
Cash and cash equivalents, end of period $ 2,446 $ 1,246
Supplemental Disclosure on Cash Flow and Non-cash Items
For the Years Ended December 31, 2016 and 2015 (in thousands)
2016 2015
Cash paid during the period for:
Interest $ 10,263 $ 9,991
Income taxes 123 233
Non-cash items:
Contributions in aid of construction 3,309 2,128
Forgiveness of debt 77 77
The accompanying notes are an integral part of these consolidated financial statements.
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