Unaudited Cash Flow Statement
Cash Flow on a GAAP basis for the fourth quarter of 2015 as compared to the fourth quarter of
2014, and the year-to-date 2015 versus 2014, are as follows:
($000’s)
Quarter Ended Year-to-Date
December 31, December 31, December 3!, December 31,
2015 2014 2015 2014
Operating Activities:
Net Income (Loss) $ (2,473) $ (2,236) $_(2,.292) $ (1,775)
Adjustments to Reconcile Net Income (Loss)
to Net Cash Provided by Operating Activities:
Depreciation and Amortization 2,132 1,664 6,804 6,426
Provision for Deferred Taxes 244 633 294 606
Other 9 2 (24) 2
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivable 2,030 1,576 129 (195)
(Increase) Decrease in Inventory 53 29 90 18
(Increase) Decrease in Other Assets (831) (2,317) 550 (1,124)
Increase (Decrease) in Accounts Payable 23 (158) (152) 557
Increase (Decrease) in Other Liabilities 1,145 3,506 1,166 2,833
Net Cash Provided by (Used in) Operating Activities _ 2,332 2,699 6,565 7.348
Investing Activities:
Purchases of Property, Plant & Equipment,
including the Debt Component of AFUDC (5,215) (3,405) (13,866) (8,585)
(Increase) Decrease in Restricted Cash/Investments (5,436) (40,301) 20,328 (40,273)
Change in Deferred Land Costs - : (4) :
Net Cash Provided by (Used in) Investing Activities (10,651) (43,706) 6,458 (48.858)
Financing Activities:
Borrowings (Repayments) on Line of Credit - (3,166) - (1,966)
Payments on Long-term Debt (16,849) (637) (42,485) (3,036)
Contributions in Aid of Construction 117 37 133 78
Proceeds from Long-term Borrowings 23,730 48,695 28,098 49,935
Debt Issuance Costs (95) (1,018) (232) (1,275)
Dividends Paid (71) (69) (278) (277)
Net Cash Provided by (Used in) Financing Activities 6,832 43,842 (14,764) 43.459
Increase (Decrease) in Cash and Cash Equivalents (1,486) 2,835 (1,741) 1,949
Cash and Cash Equivalents at Beginning of Period 2,732 152 2.987 1,038
Cash and Cash Equivalents at End of Period $_1,246 $..2,987 $ _L246 $ 2987
