PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31, 2018 and 2017
(in thousands, except share data)
2018 2017
ASSETS
Property, Plant and Equipment, net $ 221,860 $ 210,498
Current Assets:
Cash and cash equivalents 1,575 994
Restricted cash - RSF 3,428 4,953
Restricted cash - Bond Project Funds 3,337 3,288
Accounts receivable - billed, net 3,417 3,420
Accounts receivable - unbilled, net 2,927 2,265
Accounts receivable - other 4 14
Inventory 6ll 604
Prepaid expenses 610 598
Prepaid property taxes 1,021 1,143
Deferred and refundable income taxes - 516
Total Current Assets 16,930 17,795
Other Assets:
Deferred land costs 2,275 2,257
Deferred charges and other assets 10,697 10,911
Investment in real estate partnership 104 103
Acquisition premium, net 71,268 73,227
Total Other Assets 84,344 86,498
TOTAL ASSETS $ 323,134 $ 314,791
The accompanying notes are an integral part of these consolidated financial statements.
3
