PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
As of December 31, 2015 and 2014
{in thousands, except share data)
2015 2014
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 (8,721) (6,151)
Accumulated other comprehensive income 201 180
Total Stockholder's Equity 22.041 24,590
Long-Term Debt, Less Current Portion 206,052 198,032
Current Liabilities:
Current portion of long-term debt 4,120 26,275
Accounts payable 1,492 1,577
Deferred revenue 66 65
Accrued interest payable 1,318 682
Other accrued expenses 243 215
Accrued wages and payroll withholding 220 221
Customer deposits and other [51 188
Total Current Liabilities 7,610 29,223
Other Liabilities and Deferred Credits:
Deferred income taxes 20,642 20,334
Accrued pension liability 8,286 8,017
Unamortized debt premium 3,243 2,331
Deferred investment tax credits 570 603
Regulatory liability 781 803
Accrued post-retirement benefits 2,242 2,016
Customer advances 84 84
Contributions in aid of construction, net 37,929 36,532
Derivative instrument 548 583
Other long-term liabilities 635 659
Total Other Liabilities and Deferred Credits 74,960 71,962
TOTAL STOCKHOLDER'S EQUITY AND LIABILITIES $ 310,663 $ 323,807
The accompanying notes are an integral part of these consolidated financial statements.
