Unaudited Cash Flow Statement
Cash Flow on a GAAP basis for the fourth quarter of 2018 as compared to the fourth quarter of
2017, and the year-to-date 2018 versus 2017, are as follows:
($000’s)
Quarter Ended Year-to-Date
December 31, December 31, December 31, December 31,
2018 2017 2018 2017
Operating Activities:
Net Income (Loss) $ (3,229) $ (3,547) — $ (5.282) $ (6.441)
Adjustments to Reconcile Net Income (Loss)
to Net Cash Provided by Operating Activities:
Depreciation and Amortization 2,154 2,034 8,196 7,838
Provision for Deferred Taxes 1,316 (7,668) 1,206 (8,054)
(Gain) on Disposition of Property (115) (31) (115) (31)
Other (17) 14 (54) (41)
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivable 1,486 1,021 (649) 387
(Increase) Decrease in Inventory (20) (12) (7) 62
(Increase) Decrease in Other Assets (951) (1,977) (206) (876)
Increase (Decrease) in Accounts Payable 3,513 (2,213) 3,817 (4,755)
Increase (Decrease) in Other Liabilities 1,458 11,13] 1,110 9,648
Net Cash Provided by (Used in) Operating Activities 5,595 (1,248) 8.016 (2,263)
Investing Activities:
Purchases of Property, Plant & Equipment,
including the Debt Component of AFUDC (6,571) (2,617) (13,790) (7,692)
(Increase) Decrease in Restricted Cash/Investments 0 0 0 0
Proceeds from Sale of Property 119 - 119 37
Change in Deferred Land Costs 0 (8) (19) (8)
Net Cash Provided by (Used in) Investing Activities (6.452) (2,625) (13,690) (7,663)
Financing Activities:
Borrowings (Repayments) on Line of Credit 2,168 5,296 1,052 5,574
Payments on Long-term Debt (886) (803) (5,614) (5,209)
Contributions in Aid of Construction 296 18 696 36
Proceeds from Long-term Borrowings 406 972 8,493 2,475
Debt Issuance Costs 5 - 43} 21
Dividends Paid (70) (70) (280) (279)
Net Cash Provided by (Used in) Financing Activities 1,919 5,413 4.778 2,618
Increase (Decrease) in Cash and Cash Equivalents 1,062 1,540 (896) (7,308)
Cash and Cash Equivalents at Beginning of Period 7,218 7,696 9,236 16,544
Cash and Cash Equivalents at End of Period $ _ 8,310 $ _ 9,236 $8340 $_ 9.23
