PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
As of December 31, 2017 and 2016
(in thousands, except share data)
2017 2016
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 (16,961) (10,241)
Accumulated other comprehensive income 305 258
Total Stockholder's Equity 13,905 20,578
Long-Term Debt, Less Current Portion
and Unamortized Debt Issuance Costs 197,905 200,758
Current Liabilities:
Line of credit 5,574 -
Current portion of long-term debt 5,575 5,162
Accounts payable 1,543 5,975
Accrued property taxes 115 -
Deferred revenue 66 63
Accrued interest payable 1,625 1,704
Other accrued expenses 394 980
Accrued wages and payroll withholding 358 271
Customer deposits and other 19] 805
Total Current Liabilities 15,441 14,960
Other Liabilities and Deferred Credits:
Deferred income taxes 12,847 20,869
Accrued pension liability 9,792 9,010
Unamortized debt premium 2,964 3,082
Deferred investment tax credits 504 537
Regulatory liability 9,955 760
Accrued post-retirement benefits 3,047 2,578
Customer advances 84 84
Contributions in aid of construction, net 47,458 40,364
Derivative instrument 374 453
Other long-term liabilities 515 562
Total Other Liabilities and Deferred Credits 87,540 78,299
TOTAL STOCKHOLDER'S EQUITY AND LIABILITIES $ 314,791 $ 314,595
The accompanying notes are an integral part of these consolidated financial statements.
