Middlesex Water Revenue, Profits - MSEX Annual Income Statement

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$45.63 $0.69 (1.54%) MSEX stock closing price Aug 13, 2018 (Closing)

Looking at financial statements, along with the Middlesex Water stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the MSEX income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue decline of -1.6% when compared to the same period in the past. The Middlesex Water profit and loss statement for 2017 shows a net profit of $22.8M. Profits for last year was $22.74M. Apart from this an investor should also check Middlesex Water assets and Middlesex Water free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Middlesex Water Revenues or Net Sales
130.77M132.9M126.02M117.13M114.84M110.37M102.06M102.73M91.24M91.03M
Cost Of Goods Sold (COGS)64.66M65.53M65.16M59.12M60.74M60.45M56.63M55.48M52.34M48.92M
Middlesex Water Gross Profit
66.1M67.37M60.85M58.01M54.09M49.92M45.43M47.25M38.89M42.1M
Research & Development Expense----------
Selling General & Admin Expense13.56M13.94M12.96M12.17M12.14M11.86M11.48M11.41M10.17M10.16M
Income Before Depreciation Depletion Amortization52.54M53.42M47.89M45.83M41.95M38.05M33.94M35.84M28.72M31.94M
Depreciation Depletion Amortization13.92M12.79M12.05M11.44M10.98M10.4M9.74M9.24M8.55M7.92M
Non Operating Income--0.86M--0.4M--2.14M1.44M1.72M1.3M
Interest Expense5.5M5.29M5.55M5.6M5.8M6.72M6.37M6.92M6.75M7.05M
Middlesex Water Pretax Income
33.9M34.47M30.57M28.38M25.25M21.77M19.97M21.11M15.13M18.26M
Provision for Income Taxes11.1M11.73M10.55M9.93M8.62M7.38M6.52M6.78M5.16M6.05M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations22.8M22.74M20.02M18.44M16.63M14.39M13.44M14.33M9.97M12.2M
Extraordinary Items & Discontinued Operations----------
Middlesex Water Profit/ Loss (Net Income)
22.8M22.74M20.02M18.44M16.63M14.39M13.44M14.33M9.97M12.2M
Average Shares used to compute Diluted EPS16.42M16.38M16.3M16.23M15.96M15.77M15.58M14.71M13.57M13.62M
Average Shares used to compute Basic EPS16.42M16.26M16.17M16.05M15.81M15.77M15.58M14.71M13.38M13.32M
Income Before Nonrecurring Items22.81M22.74M20.03M18.45M16.63M14.4M13.45M14.33M9.98M12.21M
Income from Nonrecurring Items----------
Middlesex Water Earnings Per Share Basic Net
1.391.391.231.141.040.900.850.960.730.90
Middlesex Water Earnings Per Share Diluted Net
1.381.381.221.131.030.900.840.960.720.89
EPS Diluted Before Nonrecurring Items1.381.381.221.131.030.900.840.960.720.89
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.860.810.780.760.750.740.730.720.710.70
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Middlesex Water stock analysis. It helps to look at the following income statement items:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Middlesex Water revenue chart implies that the company is growing. It has not been the case with Middlesex Water. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MSEX stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The MSEX financials along with Middlesex Water historical stock prices provide a lot of details about the firm.

Middlesex Water Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
29.06
PS Ratio (price sales ratio)
5.59
Operating Margin
20.4
Net Profit Margin
14.4
Dividend Yield
1.91%