Middlesex Water Company (MSEX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 11.73M | 18.46M | 12.05M | 18.3M | 13.78M | 21.39M | 19.46M | 11.23M | 6.65M | 12.8M | 10.7M | 13.32M | 15.97M | 17.12M | 17.38M | 12.89M | 13.97M | 14.39M | 4.06M | 5.14M |
| Operating CF Growth % | -14.88% | -13.71% | -38.08% | 63.04% | 107.19% | 67.2% | 81.85% | -15.69% | -58.35% | -25.26% | -38.44% | 3.34% | 14.28% | 18.97% | 328.18% | 150.85% | 48.01% | -10.43% | -75.36% | 9.74% |
| Operating CF / Revenue % | 24.08% | 39.3% | 22.27% | 37.11% | 31.11% | 45.42% | 35.31% | 22.84% | 16.41% | 33.15% | 22.9% | 31.11% | 41.85% | 44.1% | 36.41% | 32.47% | 38.61% | 42.29% | 10.18% | 14% |
| Net Income | 10.61M | 8.61M | 13.96M | 10.78M | 9.48M | 8.8M | 14.32M | 10.55M | 10.68M | 5.77M | 9.99M | 9.9M | 5.87M | 7.17M | 14.29M | 8.87M | 12.1M | 7.24M | 11.48M | 10.92M |
| Depreciation & Amortization | 8.19M | 8.51M | 8.53M | 7.54M | 7.91M | 7.81M | 7.22M | 7.03M | 5.98M | 7.34M | 7.56M | 7.34M | 7.2M | 7.34M | 6.73M | 6.58M | 6.83M | 9.55M | 4.35M | 6.6M |
| Deferred Taxes | 0 | -873K | -1.14M | 1.14M | 0 | -2.01M | -1.72M | 340K | 1.38M | -914K | -1.69M | -2.38M | -611K | -1.02M | -1.06M | -1.12M | -2.14M | 812K | -3.95M | -5.49M |
| Other Non-Cash Items | -7.46M | -286K | -387K | -3.57M | -1.27M | -268K | 77K | -237K | -215K | -316K | -223K | -673K | -548K | -546K | -353K | -72K | -5.25M | -188K | -173K | -575K |
| Working Capital Changes | 0 | 2.51M | -9.07M | 1.84M | -2.73M | 6.75M | -596K | -7.99M | -10.71M | 499K | -5.37M | -1.88M | 3.7M | 3.82M | -2.6M | -2.01M | 2.17M | -3.32M | -7.92M | -6.88M |
| Capital Expenditures | 0 | -24.71M | -18.91M | -36.33M | -18.91M | -25.14M | 28.74M | -14.35M | -14.39M | -17.11M | -22.44M | -26.12M | -24.52M | -25.4M | -26.6M | -22.71M | -16.63M | -18.13M | -14.74M | -24.47M |
| CapEx / Revenue % | 0% | 52.6% | 34.96% | 73.66% | 42.69% | 53.37% | 52.15% | 29.19% | 35.51% | 44.31% | 48.03% | 61.03% | 64.25% | 65.41% | 55.72% | 57.23% | 45.95% | 53.29% | 36.98% | 66.67% |
| CapEx / D&A | 0.00x | 2.90x | 2.22x | 4.82x | 2.39x | 3.22x | 3.98x | 2.04x | 2.41x | 2.33x | 2.97x | 3.56x | 3.40x | 3.46x | 3.95x | 3.45x | 2.44x | 1.90x | 3.39x | 3.70x |
| CapEx Coverage (OCF/CapEx) | - | 0.75x | 0.64x | 0.50x | 0.73x | 0.85x | 0.68x | 0.78x | 0.46x | 0.75x | 0.48x | 0.51x | 0.65x | 0.67x | 0.65x | 0.57x | 0.84x | 0.79x | 0.28x | 0.21x |
| Cash from Investing | -20.64M | -24.71M | -21.01M | -36.33M | -18.91M | -25.14M | -20.74M | -14.35M | -14.39M | -17.11M | -22.44M | -26.12M | -24.52M | -25.4M | -26.6M | -22.71M | -13.51M | -18.13M | -14.74M | -24.47M |
| Acquisitions | 0 | 0 | 0 | -4.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.12M | 0 | 0 | 3.12M | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -20.64M | 0 | -2.1M | -50.63M | 0 | 0 | -49.48M | 0 | 0 | 0 | 0 | 0 | 0 | 3.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 8.15M | 5.67M | 9.78M | 19.61M | 3.56M | 1.63M | -394K | 8.29M | 8.2M | 3.73M | 10.33M | 12.32M | 9.58M | 9.2M | 7.8M | 10.85M | -705K | 1.99M | 9.78M | 21.31M |
| Dividends Paid | -6.67M | -6.63M | -6.15M | -6.12M | -6.1M | -6.1M | -5.82M | -5.82M | -5.77M | -5.87M | -5.58M | -5.57M | -5.54M | -5.54M | -5.14M | -5.13M | -5.12M | -5.11M | -4.8M | -4.79M |
| Dividend Payout Ratio % | - | 76.9% | 43.88% | 56.61% | 64.15% | 69.08% | 40.47% | 54.93% | 53.72% | 101.32% | 55.57% | 55.91% | 93.95% | 76.87% | 35.78% | 57.48% | 42.04% | 70.18% | 41.54% | 43.62% |
| Debt Issuance (Net) | 0 | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 2.82M | 9.38M | 16.79M | 3.83M | 221K | 234K | 235K | 253K | 252K | 3.09M | 3.28M | 3.4M | 2.34M | 271K | 3.02M | 4.13M | 2.91M | 2.95M | 289K | 274K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 14.82M | 754K | 285K | 954K | 1K | 1.5M | 63.86M | 429K | -418K | 1.84M | 31K | -1.43M | 361K | 494K | 782K | -757K | -516K | 187K | 2.11M | 7.43M |
| Net Change in Cash | -760K | -584K | 824K | 1.58M | -1.57M | -2.12M | -1.68M | 5.17M | 465K | -580K | -1.41M | -485K | 1.03M | 920K | -1.41M | 1.03M | -239K | -1.75M | -907K | 1.98M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2K | 2K |
| Cash at Beginning | 4.47M | 3.38M | 4.24M | 2.66M | 4.23M | 6.34M | 8.03M | 2.85M | 2.39M | 2.97M | 4.38M | 4.86M | 3.83M | 2.91M | 4.32M | 3.29M | 3.53M | 5.28M | 6.19M | 4.21M |
| Cash at End | 3.71M | 2.8M | 5.06M | 4.24M | 2.66M | 4.23M | 6.34M | 8.03M | 2.85M | 2.39M | 2.97M | 4.38M | 4.86M | 3.83M | 2.91M | 4.32M | 3.29M | 3.53M | 5.28M | 6.19M |
| Free Cash Flow | 11.73M | -6.25M | -6.86M | -18.03M | -5.13M | -3.75M | 48.19M | -3.12M | -7.74M | -4.31M | -11.74M | -12.8M | -8.54M | -8.28M | -9.22M | -9.83M | -2.66M | -3.74M | -10.69M | -19.33M |
| FCF Growth % | 328.72% | -66.8% | -114.24% | -477.6% | 33.71% | 13.04% | 510.5% | 75.62% | 9.46% | 47.93% | -27.39% | -30.3% | -221.72% | -121.11% | 13.76% | 49.17% | 78.91% | 80.06% | -20.11% | -24% |
| FCF Margin % | 24.08% | -13.3% | -12.69% | -36.55% | -11.58% | -7.95% | 87.46% | -6.35% | -19.09% | -11.16% | -25.13% | -29.91% | -22.39% | -21.32% | -19.31% | -24.76% | -7.34% | -11% | -26.8% | -52.67% |
| FCF / Net Income % | 110.62% | -72.63% | -49.17% | -167.26% | -54.11% | -42.56% | 336.57% | -29.59% | -72.43% | -74.74% | -117.52% | -129.31% | -145.62% | -115.41% | -64.49% | -110.8% | -21.95% | -51.72% | -93.12% | -176.97% |