Essential Utilities Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

WTRG$45.17+0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows – 2024, 2023, and 2022

	Years ended December 31,
	2024	2023	2022
Cash flows from operating activities:
Net income	$595,314	$498,226	$465,237
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	369,552	343,695	321,177
Deferred income taxes	(27,756)	(79,845)	(23,045)
Provision for doubtful accounts	21,865	23,209	27,631
Stock-based compensation	9,785	11,323	12,206
Gain on sale of utility system and other assets	(92,224)	(65)	(991)
Net change in receivables, deferred purchased gas costs, inventory and prepayments	(103,335)	189,989	(223,335)
Net change in payables, accrued interest, accrued taxes and other accrued liabilities	26,963	(14,559)	53,761
Pension and other postretirement benefits contributions	(9,394)	(20,343)	(22,027)
Other	(20,427)	(18,043)	(10,308)
Net cash flows from operating activities	770,343	933,587	600,306
Cash flows from investing activities:
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $7,372, $5,241 and $6,047	(1,329,747)	(1,199,103)	(1,062,763)
Acquisitions of utility systems and other, net	(665)	(45,303)	(116,891)
Net proceeds from the sale of utility systems and other assets	167,470	41,758	1,081
Other	(339)	(19,080)	271
Net cash flows used in investing activities	(1,163,281)	(1,221,728)	(1,178,302)
Cash flows from financing activities:
Customers' advances and contributions in aid of construction	19,563	23,982	11,714
Repayments of customers' advances	(8,564)	(8,471)	(5,006)
Net proceeds (repayments) of short-term debt	26,418	(68,377)	163,500
Proceeds from long-term debt	1,649,546	1,207,619	1,646,742
Repayments of long-term debt	(1,027,473)	(876,379)	(977,175)
Change in cash overdraft position	34,356	(15,336)	(53,028)
Proceeds from issuance of common stock under dividend reinvestment plan	15,476	16,005	16,619
Proceeds from issuance of common stock from at-the-market sale agreement	36,134	322,983	63,040
Proceeds from exercised stock options	2,471	287	2,475
Repurchase of common stock	(4,048)	(3,981)	(1,192)
Dividends paid on common stock	(346,392)	(316,806)	(288,632)
Other	(5)	(171)	(230)
Net cash flows from financing activities	397,482	281,355	578,827
Net increase (decrease) in cash and cash equivalents	4,544	(6,786)	831
Cash and cash equivalents at beginning of year	4,612	11,398	10,567
Cash and cash equivalents at end of year	$9,156	$4,612	$11,398
Cash paid during the year for:
Interest, net of amounts capitalized	$275,898	$272,532	$225,820
Income taxes	6,698	7,839	11,269
Non-cash investing activities:
Property, plant and equipment additions purchased at the period end, but not yet paid	$135,331	$102,770	$102,129
Non-cash utility property contributions	38,840	56,297	35,698
See accompanying notes to consolidated financial statements.

Refer to Note 15 –Employee Stock and Incentive Plan for a description of non-cash activities.

Notes to Consolidated Financial Statements

Note 1 –Summary of Significant Accounting Policies

ContentsView on SEC.gov

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