RGC RESOURCES INC
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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
| Nine Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $11,620,074 | $10,285,107 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 8,285,761 | 7,431,251 |
| Cost of retirement of utility property | (485,165) | (627,225) |
| Amortization of stock option grants | 51,500 | 21,560 |
| Equity in earnings of unconsolidated affiliate | (2,979,823) | (523,581) |
| Allowance for funds used during construction | — | (184,619) |
| Changes in assets and liabilities which provided cash, exclusive of changes and noncash transactions shown separately | 563,839 | 7,231,786 |
| Net cash provided by operating activities | 17,056,186 | 23,634,279 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Expenditures for utility property | (16,568,542) | (19,368,974) |
| Investment in unconsolidated affiliates | (8,743) | (2,132,679) |
| Proceeds from disposal of utility property | 33,023 | 37,674 |
| Net cash used in investing activities | (16,544,262) | (21,463,979) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of unsecured notes | 10,115,000 | 1,103,800 |
| Repayments of notes payable | (10,175,000) | (775,000) |
| Borrowings under line-of-credit | 34,622,405 | 26,946,775 |
| Repayments under line-of-credit | (31,360,152) | (26,946,775) |
| Debt issuance expenses | (99,390) | (10,749) |
| Proceeds from issuance of stock | 3,461,175 | 3,626,683 |
| Cash dividends paid | (6,047,300) | (5,832,842) |
| Net cash provided by (used in) financing activities | 516,738 | (1,888,108) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 1,028,662 | 282,192 |
| BEGINNING CASH AND CASH EQUIVALENTS | 1,512,431 | 4,898,914 |
| ENDING CASH AND CASH EQUIVALENTS | $2,541,093 | $5,181,106 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for: | ||
| Interest | $4,604,431 | $4,333,580 |
| Income taxes | 2,640,000 | 1,623,145 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.