Board Of Aldermen - Agenda - 4/12/2016 - P30

PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the Years Ended December 31, 2015 and 2014

(in thousands)
2015 2014
Operating Revenues $ 40,840 $ 38,815
Operating Expenses:
Operations and maintenance 19,511 18,221
Depreciation and amortization 6,610 6,148
Taxes other than income taxes 5,928 5,541
Total Operating Expenses 32,049 29,910
Operating Income 8,791 8,905
Interest Expense (10,775) (10,156)
Allowance for Funds Used During Construction 70 7
Other, Net (70) 20
Loss Before (Provision for) Benefit from Income Taxes (1,984) (1,224)
(Provision for) Benefit ftom Income Taxes (308) (551)
Net Loss $ (2,292) $ (1,775)

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