PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2015 and 2014
(in thousands)
2015 2014
Financing Activities:
Borrowings (payments) on line of credit, net $ - $ (1,966)
Payments on long-term debt (42,484) (3,036)
Contributions in aid of construction 132 78
Proceeds from long-term borrowings 28,098 49,935
Debt issuance costs (232) (1,275)
Dividends paid (278) (277)
Net cash provided (used) by financing activities (14,764) 43,459
Increase (Decrease) in cash and cash equivalents (1,741) 1,949
Cash and cash equivalents, beginning of period 2,987 1,038
Cash and cash equivalents, end of period $ 1,246 $ 2,987
Supplemental Disclosure on Cash Flow and Non-cash Items
For the Years Ended December 31, 2015 and 2014 (in thousands)
2015 2014
Cash paid during the period for:
Interest $ 9,99] $ =. 9,809
Income taxes 233 93
Non-cash items:
Contributions in aid of construction 2,128 2,586
Forgiveness of debt 77 75
The accompanying notes are an integral part of these consolidated financial statements.
