PENNICHUCK CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets
As of December 31, 2021 and 2020
(in thousands, except share data)
2021 2020
ASSETS
Property, Plant and Equipment, net S$ 245,197 S 242,469
Current Assets:
Cash and cash equivalents 1,493 310
Restricted cash - RSFs and Restricted Accounts 11,619 8,611
Restricted cash - CIAC 1,037 274
Restricted cash - Bond Project Funds 255 237
Accounts receivable - billed, net 3,576 4,297
Accounts receivable - unbilled, net 6,277 4,473
Accounts receivable - other 16 16
Inventory 733 598
Prepaid expenses 506 507
Prepaid property taxes 925 1,290
Total Current Assets 26,437 20,613
Other Assets:
Deferred charges and other assets 12,516 17,014
Acquisition premium, net 65,082 67,202
Total Other Assets 77,598 84,216
TOTAL ASSETS S 349,232 S 347,298
The accompanying notes are an integral part of these consolidated financial statements.
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