PENNICHUCK CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2018 and 2017
(in thousands)
2018
Operating Activities:
Net Loss $ (5,282) $
Adjustments to reconcile net loss to net cash
provided (used) by operating activities:
Depreciation and amortization 8,196
Equity component of AFUDC (20)
Amortization of deferred investment tax credits (33)
Provision for deferred income tax 1,206
Undistributed (income) loss in real estate partnership (1)
Gain on disposition of property (114)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable billed and unbilled (649)
(Increase) decrease in inventory (7)
(Increase) decrease in prepaid expenses 110
(Increase) decrease in deferred charges and other assets 550
(Increase) decrease in refundable income taxes 516
Increase (decrease) in accounts payable and deferred revenue 3,817
Increase (decrease) in accrued interest payable 57
Increase in other 534
Net cash provided (used) by operating activities 8,880
Investing Activities:
Purchase of property, piant and equipment including debt .
component of allowance for funds used during construction (13,790)
Proceeds from sale of property 119
Change in investment in real estate partnership and
deferred land costs (19)
Net cash used by investing activities (13,690)
The accompanying notes are an integral part of these consolidated financial statements.
2017
(6,441)
7,838
(9)
(33)
1,141
l
(31)
387
62
(46)
(625)
(164)
(4,429)
(79)
205
(2,223)
(7,716)
37
(8)
(7,687)
