PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
As of December 31, 2018 and 2017
(in thousands, except share data)
2018 2017
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 (22,523) (16,961)
Accumulated other comprehensive income 372 305
Total Stockholder's Equity 8,410 13,905
Long-Term Debt, Less Current Portion
and Unamortized Debt Issuance Costs 200,225 197,905
Current Liabilities:
Lines of credit 6,626 5,574
Current portion of long-term debt 6,019 5,575
Accounts payable 5,362 1,543
Accrued property taxes - 115
Deferred revenue 63 66
Accrued interest payable 1,682 1,625
Other accrued expenses 700 394
Accrued wages and payroll withholding 346 358
Customer deposits and other 235 191
Total Current Liabilities 21,033 15,441
Other Liabilities and Deferred Credits:
Deferred income taxes 14,110 12,847
Accrued pension liability 10,021 9,792
Unamortized debt premium 2,966 2,964
Deferred investment tax credits 470 504
Regulatory liability 9,943 9,955
Accrued post-retirement benefits 3,201 3,047
Customer advances 84 84
Contributions in aid of construction, net 51,961 47,458
Derivative instrument 263 374
Other long-term liabilities 447 515
Total Other Liabilities and Deferred Credits 93,466 87,540
TOTAL STOCKHOLDER'S EQUITY AND LIABILITIES $ 323,134 $314,791
The accompanying notes are an integral part of these consolidated financial statements.
