Board Of Aldermen - Agenda - 4/10/2018 - P31

PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
For the Years Ended December 31, 2017 and 2016
(in thousands)

2017 2016
Operating Revenues $ 40,893 $ 42,697
Operating Expenses:
Operations and maintenance 21,312 20,820
Depreciation and amortization 7,762 6,942
Taxes other than income taxes 6,343 6,159
Total Operating Expenses 35,417 33,921
Operating Income 5,476 8,776
Interest Expense (10,833) (10,784)
Allowance for Funds Used During Construction 27 358
Other, Net (3) 545
Loss Before Provision for Income Taxes (5,333) (1,105)
Provision for Income Taxes (1,108) (135)
Net Loss $ (6,441) $ (1,240)

The accompanying notes are an integral part of these consolidated financial statements.