WTRF

   
Aqua America, Inc. and Subsidiaries
Selected Operating Data
(In thousands, except per share amounts)
(Unaudited)
   
Quarter Ended Six Months Ended

June 30,

June 30,

2012

2011

2012

2011
 
Operating revenues $ 198,204 $ 178,313 $ 368,448 $ 341,928
 
Net income attributable to common shareholders $ 41,445 $ 37,590 $ 79,349 $ 67,941
 
Basic net income per common share $ 0.30 $ 0.27 $ 0.57 $ 0.49
Diluted net income per common share $ 0.30 $ 0.27 $ 0.57 $ 0.49
 
Basic average common shares outstanding 139,108 138,114 138,935 137,971
Diluted average common shares outstanding   139,843   138,781   139,577   138,518
 
   
Aqua America, Inc. and Subsidiaries
Consolidated Statement of Income
(In thousands, except per share amounts)
(Unaudited)
   
Quarter Ended Six Months Ended

June 30,

June 30,

2012

2011

2012

2011
 
Operating revenues $ 198,204 $ 178,313 $ 368,448 $ 341,928
 
Cost & expenses:
Operations and maintenance 66,980 66,765 135,245 $ 130,496
Depreciation 28,696 26,550 56,291 52,826
Amortization 1,540 1,624 2,755 3,261
Taxes other than income taxes   12,593     10,751     22,683     21,802  
Total   109,809     105,690     216,974     208,385  
 
Operating income 88,395 72,623 151,474 133,543
 
Other expense (income):
Interest expense, net 19,538 19,541 38,786 38,897
Allowance for funds used during construction (1,244 ) (1,929 ) (2,588 ) (3,906 )
Gain on sale of other assets (64 ) (138 ) (506 ) (259 )
Equity earnings in joint venture   (249 )   -     (249 )   -  
Income from continuing operations before income taxes 70,414 55,149 116,031 98,811
Provision for income taxes   27,787     18,554     45,746     31,570  
Income from continuing operations 42,627 36,595 70,285 67,241
 
Discontinued operations:
(Loss) income from discontinued operations before income taxes (1,550 ) 1,652 15,367 1,130
Provision for income taxes   (368 )   657     6,303     430  
(Loss) income from discontinued operations   (1,182 )   995     9,064     700  
Net income attributable to common shareholders $ 41,445   $ 37,590   $ 79,349   $ 67,941  
 
Income from continuing operations per share:
Basic $ 0.31 $ 0.26 $ 0.51 $ 0.49
Diluted $ 0.30 $ 0.26 $ 0.50 $ 0.49
 
(Loss) income from discontinued operations per share:
Basic $ (0.01 ) $ 0.01 $ 0.07 $ 0.01
Diluted $ (0.01 ) $ 0.01 $ 0.06 $ 0.01
 
Net income per common share:
Basic $ 0.30 $ 0.27 $ 0.57 $ 0.49
Diluted $ 0.30 $ 0.27 $ 0.57 $ 0.49
 
Average common shares outstanding:
Basic   139,108     138,114     138,935     137,971  
Diluted   139,843     138,781     139,577     138,518  
 

Aqua America, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP Financial Measure(In thousands, except per share amounts)(Unaudited)

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