Company Quick10K Filing
York Water
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 13 $457
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-03-12 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-03-06 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-02 Quarter: 2017-03-31
10-K 2017-03-07 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-03 Quarter: 2016-03-31
10-K 2016-03-08 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-03-10 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-03-11 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-03-08 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-11 Annual: 2009-12-31
8-K 2019-11-26 Other Events
8-K 2019-11-07 Earnings
8-K 2019-10-08 Enter Agreement, Off-BS Arrangement
8-K 2019-10-01 Enter Agreement, Off-BS Arrangement
8-K 2019-08-20 Officers
8-K 2019-08-02 Earnings
8-K 2019-06-24 Officers
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-05-07 Shareholder Vote
8-K 2019-03-12 Earnings
8-K 2019-01-31 Enter Agreement, Off-BS Arrangement
8-K 2019-01-28 Officers
8-K 2019-01-17 Regulation FD
8-K 2018-11-21 Other Events
8-K 2018-11-12 Officers
8-K 2018-11-02 Earnings
8-K 2018-08-02 Earnings
8-K 2018-05-08 Shareholder Vote
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-03-06 Earnings
8-K 2018-01-02 Officers

York Water Financials

YORW Metrics, Comps, Filings

Annual | Quarterly

Business

The York Water Company (the "Company") is the oldest investor-owned water utility in the United States and is duly organized under the laws of the Commonwealth of Pennsylvania. The Company has operated continuously since 1816. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. The Company also owns and operates three wastewater collection systems and two wastewater treatment systems. The Company operates within its franchised water territory, which covers 39 municipalities within York County, Pennsylvania and nine municipalities within Adams County, Pennsylvania. The Company's wastewater operations include portions of four municipalities in York County, Pennsylvania. The Company is regulated by the Pennsylvania Public Utility Commission, or PPUC, for both water and wastewater in the areas of billing, payment procedures, dispute processing, terminations, service territory, debt and equity financing and rate setting. The Company must obtain PPUC approval before changing any practices associated with the aforementioned areas.

Water service is supplied through the Company's own distribution system. The Company obtains the bulk of its water supply from both the South Branch and East Branch of the Codorus Creek, which together have an average daily flow of 73.0 million gallons. This combined watershed area is approximately 117 square miles. The Company has two reservoirs, Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. The Company supplements its reservoirs with a 15-mile pipeline from the Susquehanna River to Lake Redman which provides access to an additional supply of 12.0 million gallons of untreated water per day. The Company also owns seven wells which are capable of providing a safe yield of approximately 366,000 gallons per day to supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County. As of December 31, 2018, the Company's average daily availability was 35.4 million gallons, and average daily consumption was approximately 19.5 million gallons. The Company's service territory had an estimated population of 199,000 as of December 31, 2018. Industry within the Company's service territory is diversified, manufacturing such items as fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, air conditioning systems, laundry detergent, barbells and motorcycles.

The Company's water business is somewhat dependent on weather conditions, particularly the amount and timing of rainfall. Revenues are particularly vulnerable to weather conditions in the summer months. Prolonged periods of hot and dry weather generally cause increased water usage for watering lawns, washing cars, and keeping golf courses and sports fields irrigated. Conversely, prolonged periods of dry weather could lead to drought restrictions from governmental authorities. Despite the Company's adequate water supply, customers may be required to cut back water usage under such drought restrictions which would negatively impact revenues. The Company has addressed some of this vulnerability by instituting minimum customer charges which are intended to cover fixed costs of operations under all likely weather conditions.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp (SBS) 5,386,058 0% 43,565,118 24,013,430 0 0 0 0 5,354,158
Mastec (MTZ) 3,716,148 15% 8.2 7% 4,797,371 3,246,033 7,352,173 1,071,287 315,901 614,337 5,014,672
American States Water (AWR) 2,732,305 24% 18.6 5% 1,567,283 988,496 461,567 110,115 76,377 161,520 3,012,142
California Water Service (CWT) 2,617,372 0% 28.1 1% 2,964,595 2,241,431 653,587 0 15,368 120,213 3,375,297
SJW Group (SJW) 1,706,141 0% 11.5 2% 2,003,650 1,109,655 403,061 0 44,246 155,724 1,795,151
Dycom Industries (DY) 1,671,520 17% 9.0 3% 2,328,371 1,474,938 3,314,820 572,228 59,951 289,745 2,602,780
Middlesex Water (MSEX) 1,048,357 0% 20.3 4% 807,571 135,932 0 33,981 60,057 1,219,001
Primoris Services (PRIM) 1,023,535 11% 6.0 5% 1,825,211 1,204,346 3,238,059 342,749 89,946 230,961 1,382,363
Connecticut Water Service (CTWS) 845,039 0% 32.9 2% 981,427 292,500 127,024 0 21,217 33,984 1,117,804
MYR Group (MYRG) 605,353 10% 7.8 4% 806,695 467,758 1,831,309 178,716 33,168 90,523 707,477
Aquaventure Holdings (WAAS) 541,589 53% 31.0 -3% 722,469 391,298 176,598 93,158 -18,600 26,292 814,195
Aegion (AEGN) 512,791 20% 20.1 -1% 1,015,468 581,445 1,269,321 250,101 -14,773 38,536 774,785
York Water (YORW) 456,565 0% 18.6 4% 351,851 222,737 49,521 0 14,007 29,913 555,308
Artesian Resources (ARTNA) 347,226 0% 12.6 3% 538,503 126,780 81,305 0 14,242 36,790 462,023
Cadiz (CDZI) 294,746 25% -33.7 -37% 77,526 157,294 443 111 -29,006 -12,272 413,173
Preformed Line Products (PLPC) 263,218 31% 6.5 6% 425,153 167,301 425,819 130,582 24,046 42,627 279,134
Pure Cycle (PCYO) 245,553 30% 62.2 4% 76,840 5,269 14,780 4,447 2,736 3,892 241,972
Global Water Resources (GWRS) 218,920 0% 19.3 1% 264,386 237,623 34,096 0 1,954 16,751 322,495
Consolidated Water (CWCO) 211,982 51% 10.0 9% 181,959 10,223 54,875 28,057 16,725 16,812 168,598
Goldfield (GV) 54,935 0% 4.8 2% 126,383 64,340 121,377 0 3,069 15,756 75,267

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash4,0064,0127,5651,4882,8794,20922
Accounts Receivable3,7054,0383,7723,9913,5354,2964,5474,811
Inventory
PP&E702776763765769745737714
Assets274,219282,490282,529304,339313,491320,494332,030345,140
Accounts Payable1,1101,1211,7581,5891,7723,6693,1363,030
Long-Term Debt85,01784,97584,92884,88587,54287,48892,83395,908
Liabilities67,00269,50964,20783,88282,23085,17083,86685,892
Stockholders' Equity95,26599,825103,511104,563109,070114,061119,405126,195
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue48,437
Cost of Revenue
Gross Profit
R&D
SG&A7,3097,3037,4068,8129,0829,1299,3238,095
Tax4,9595,6061,9212,8082,1552,5094,5432,491
Net Income9,0849,3039,65411,48412,48911,84612,97413,376
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating17,47416,42218,43818,76620,71019,36520,11118,372
Cash Investing-9,433-12,174-9,348-14,122-14,185-12,526-25,074-16,774
Cash Financing-5,362-4,242-5,537-10,721-5,134-5,509756-1,598