Global Water Resources Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
GWRS$6.93-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $5,346 | $6,839 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 8,863 | 8,545 |
| Deferred compensation | 873 | 698 |
| Deferred income tax expense | 1,838 | 2,164 |
| Allowance for equity funds used during construction | (682) | (778) |
| Right of use amortization | 298 | 240 |
| Other adjustments | 6 | 23 |
| Changes in assets and liabilities | ||
| Accounts receivable | (496) | (938) |
| Other current assets | (891) | (165) |
| Accounts payable and other current liabilities | 705 | 2,261 |
| Other noncurrent assets | 38 | 293 |
| Other noncurrent liabilities | (102) | 3,480 |
| Net cash provided by operating activities | 15,796 | 22,662 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (19,171) | (18,578) |
| Cash paid for acquisitions, net of cash acquired | — | (6,246) |
| Net cash used in investing activities | (19,171) | (24,824) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Dividends paid | (5,462) | (5,372) |
| Advances and contributions in aid of construction | 10,455 | 8,370 |
| Refunds of advances for construction | (1,256) | (1,076) |
| Payments for taxes related to net shares settlement of equity awards | (268) | (367) |
| Principal payments under finance leases | (183) | (388) |
| Repayments of notes payable | (1,952) | (1,917) |
| Line of credit borrowings | — | 21,050 |
| Line of credit repayments | (2,315) | (21,035) |
| Loan borrowings | 22,137 | 242 |
| Debt issuance costs paid | (418) | — |
| Proceeds from sale of stock | — | 2,748 |
| Other financing activities | (48) | 10 |
| Net cash provided by financing activities | 20,690 | 2,265 |
| INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 17,315 | 103 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period | 4,763 | 7,562 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period | $22,078 | $7,665 |
Supplemental disclosure of cash flow information:
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash and cash equivalents | $18,145 | $5,289 |
| Restricted cash | 3,933 | 2,376 |
| Total cash, cash equivalents, and restricted cash | $22,078 | $7,665 |
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