Note 13 — Segment Reporting
The Company is comprised of Pennichuck Corporation and its five wholly-owned
subsidiaries, as described in Note | to these consolidated financial statements. For the years
ended December 31, 2015 and 2014, and as of those dates, the following financial results
were generated by the segments of the Company:
(in thousands) 2015 2014
Operating Revenues:
Pennichuck Water Works, Inc. $ 29,677 $ 28,193
Pennichuck East Utility, Inc. 7,229 6,992
Pittsfield Aqueduct Company, Inc. 761 766
Subtotal Regulated Segment 37,667 35,951
Water Management Services 3,171 2,854
Other 2 10
Total Operating Revenues $ 40,840 $ 38,815
Depreciation and Amortization Expense:
Pennichuck Water Works, Inc. $ 5,629 $ 5,210
Pennichuck East Utility, Inc. 979 928
Pittsfield Aqueduct Company, Inc. 110 117
Subtotal Regulated Segment 6,718 6,255
Water Management Services - -
Other (108) (107)
Total Depreciation and Amortization Expense $ 6,610 § 6,148
Operating Income:
Pennichuck Water Works, Inc. $ 7,541 §$ 7,410
Pennichuck East Utility, Inc. 882 1,081
Pittsfield Aqueduct Company, Inc. 166 178
Subtotal Regulated Segment 8,589 8,669
Water Management Services 160 189
Other 42 47
Total Operating Income $ 8,791 §$ 8,905
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