RGC RESOURCES INC
For the period ended Dec 31, 2023. Filed Feb 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.
Dec 31, 2023 · Filed Feb 6, 2024
RGCO$22.70-4.0%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
| Three Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $5,019,992 | $3,256,405 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 2,761,920 | 2,477,084 |
| Cost of retirement of utility property, net | (136,639) | (159,174) |
| Amortization of stock option grants | 17,168 | 16,170 |
| Equity in earnings of unconsolidated affiliate | (1,467,835) | (1,232) |
| Allowance for funds used during construction | — | (103,771) |
| Changes in assets and liabilities which used cash, exclusive of changes and noncash transactions shown separately | (6,758,953) | (7,909,883) |
| Net cash used in operating activities | (564,347) | (2,424,401) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Expenditures for utility property | (5,300,669) | (7,530,620) |
| Investment in unconsolidated affiliates | — | (818,178) |
| Proceeds from disposal of utility property | 374 | 209 |
| Net cash used in investing activities | (5,300,295) | (8,348,589) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of unsecured notes | — | 1,103,800 |
| Repayments of notes payable | (525,000) | (125,000) |
| Borrowings under line-of-credit | 16,390,292 | 17,952,768 |
| Repayments under line-of-credit | (7,491,268) | (8,560,795) |
| Proceeds from issuance of stock | 821,324 | 652,812 |
| Cash dividends paid | (1,978,400) | (1,915,317) |
| Net cash provided by financing activities | 7,216,948 | 9,108,268 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,352,306 | (1,664,722) |
| BEGINNING CASH AND CASH EQUIVALENTS | 1,512,431 | 4,898,914 |
| ENDING CASH AND CASH EQUIVALENTS | $2,864,737 | $3,234,192 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.