PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31, 2017 and 2016
(in thousands, except share data)
2017 2016
ASSETS
Property, Plant and Equipment, net $ 210,498 $ 201,698
Current Assets:
Cash and cash equivalents 994 2,446
Restricted cash - RSF 4.953 6,530
Restricted cash - Bond Project Funds 3,288 7,568
Accounts receivable - billed, net 3,420 4,137
Accounts receivable - unbilled, net 2,265 1,921
Accounts receivable - other 14 28
Inventory 604 666
Prepaid expenses 598 532
Prepaid property taxes 1,143 1,163
Deferred and refundable income taxes 516 352
Total Current Assets 17,795 25,343
Other Assets:
Deferred land costs 2,297 2,248
Deferred charges and other assets 10,911 10,058
Investment in real estate partnership 103 104
Acquisition premium, net 73,227 75,144
Total Other Assets 86,498 87,554
TOTAL ASSETS $ 314,791 $ 314,595
The accompanying notes are an integral part of these consolidated financial statements.
