PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2017 and 2016
(in thousands)
2017 2016
Financing Activities:
Borrowings (payments) on line of credit, net $ 5,574 $ -
Payments on long-term debt (5,209) (4,227)
Contributions in aid of construction 61 58
Proceeds from long-term borrowings 2,475 4,498
Debt issuance costs (21) (59)
Dividends paid (279) (280)
Net cash provided (used) by financing activities 2,601 (10)
Increase (Decrease) in cash and cash equivalents (1,452) 1,200
Cash and cash equivalents, beginning of period 2,446 1,246
Cash and cash equivalents, end of period $ 994 $ 2,446
Supplemental Disclosure on Cash Flow and Non-cash Items
For the Years Ended December 31, 2017 and 2016 (in thousands)
2017 2016
Cash paid during the period for:
Interest $ 10,706 $ 10,263
Income taxes 167 123
Non-cash items:
Contributions in aid of construction 8,072 3,309
Forgiveness of debt 77 77
The accompanying notes are an integral part of these consolidated financial statements.
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