American States Water Company (AWR) Financial Statements (2024 and earlier)

Company Profile

Business Address 630 E FOOTHILL BLVD
SAN DIMAS, CA 91773-9016
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 4941 - Water Supply (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,9974,96336,7371,3347,141214
Cash and cash equivalents5,9974,96336,7371,3347,141214
Receivables50,77061,79955,10147,07449,14757,275
Derivative instruments and hedges, assets 11,8474,441    
Regulatory asset14,0288,89713,08820,93016,52734,220
Costs in excess of billings41,387
Other undisclosed current assets68,65257,95252,18953,11858,65322,367
Total current assets:151,294138,052157,115122,456131,468155,463
Noncurrent Assets
Operating lease, right-of-use asset9,53510,47911,146 
Property, plant and equipment1,753,7661,626,0041,512,0431,415,7051,296,3101,204,992
Intangible assets, net (including goodwill)6,6265,5547,3767,1987,9619,399
Goodwill1,1161,1161,1161,1161,1161,116
Intangible assets, net (excluding goodwill)5,5104,4386,2606,0826,8458,283
Regulated entity, other noncurrent assets5,6943,1823,451   
Other noncurrent assets13,53216,23010,5977,7025,3225,667
Costs in excess of billings25,426
Other undisclosed noncurrent assets93,927101,48289,87588,27060,37215,787
Total noncurrent assets:1,883,0801,762,9311,634,4881,518,8751,369,9651,261,271
TOTAL ASSETS:2,034,3741,900,9831,791,6031,641,3311,501,4331,416,734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106,00191,36590,52573,01677,59968,033
Interest and dividends payable5,3084,5454,8323,0503,865 
Taxes payable1,8484,6626,78395360225
Employee-related liabilities13,99616,25615,12214,25513,84212,969
Accounts payable84,84965,90263,78855,61659,53250,978
Accrued liabilities     3,861
Deferred revenue9032571,800 
Debt39937735834440,320324
Derivative instruments and hedges, liabilities      
Regulatory liability 4,5741,896    
Billings in excess of cost7,5303,911
Other liabilities10,99611,49810,43710,34110,73115,109
Other undisclosed current liabilities273,64950,18115,45232,29710,40569,285
Total current liabilities:396,522155,574118,572115,998146,585156,662
Noncurrent Liabilities
Long-term debt and lease obligation446,547421,096449,984280,996281,087321,039
Long-term debt, excluding current maturities446,547412,176440,348280,996281,087321,039
Liabilities, other than long-term debt, including:247,487249,657243,468232,373114,216409,088
Customer advances or deposits67,465
Deferred revenue and credits1,436
Accumulated deferred investment tax credit1,0821,1531,2241,295 
Deferred tax liabilities, net125,304114,216115,703
Deferred income tax liabilities149,677140,290131,172 
Liability, pension and other postretirement and postemployment benefits33,63661,36595,63968,469 57,695
Regulatory liability40,60232,979 23,380 32,178
Other liabilities14,40013,87015,43313,925 11,009
Operating lease, liability8,0908,9209,636 
Other undisclosed liabilities, other than long-term debt      123,602
Other undisclosed noncurrent liabilities(212,278)(23,467)(102,442)129,438120,235 
Total noncurrent liabilities:481,756647,286591,010642,807515,538730,127
Total liabilities:878,278802,860709,582758,805662,123886,789
Equity
Equity, attributable to parent709,549685,947641,673601,530558,223529,945
Common stock260,158258,442256,666255,566253,689250,124
Retained earnings449,391427,505385,007345,964304,534279,821
Total equity:709,549685,947641,673601,530558,223529,945
Other undisclosed liabilities and equity446,547412,176440,348280,996281,087 
TOTAL LIABILITIES AND EQUITY:2,034,3741,900,9831,791,6031,641,3311,501,4331,416,734

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues491,528498,853488,243473,869436,816440,603
Revenue, net436,816440,603
Cost of revenue
(Cost of Goods and Services Sold)
(53,171)(56,909)(62,411)(55,673)(53,906)(49,838)
Gross profit:438,357441,944425,832418,196382,910390,765
Operating expenses(124,285)(118,285)(116,851)(346,796)(335,833)(313,527)
Other undisclosed operating income (loss)(187,436)(182,682)(178,482)55,67353,90649,838
Operating income:126,636140,977130,499127,073100,983127,076
Nonoperating expense(24,576)(16,207)(15,877)(18,061)(19,095)(18,735)
Investment income, nonoperating2,3261,4931,8013,2493,5781,790
Other nonoperating income1255,1344,8533,2767602,057
Interest and debt expense(27,027)(22,834)(22,531)(24,586)(23,433)(22,582)
Other undisclosed income from continuing operations before equity method investments, income taxes     23,43322,582
Income from continuing operations before equity method investments, income taxes:75,033101,93692,09184,42681,888108,341
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:75,033101,93692,09184,42681,888108,341
Income tax expense(23,664)(30,423)(28,197)(24,670)(18,017)(38,974)
Income from continuing operations:51,36971,51363,89459,75663,87169,367
Income before gain (loss) on sale of properties:71,51363,89459,75663,87169,367
Net income:51,36971,51363,89459,75663,87169,367
Other undisclosed net income attributable to parent 27,02722,83422,53124,586  
Net income attributable to parent:78,39694,34786,42584,34263,87169,367
Preferred stock dividends and other adjustments (142)(134)(158)(180)(204)(197)
Other undisclosed net loss available to common stockholders, basic(55)(110)(131)(175)(129)(176)
Net income available to common stockholders, basic:78,19994,10386,13683,98763,53868,994
Dilutive securities, effect on basic earnings per share      
Other undisclosed net income available to common stockholders, diluted 55110131175129176
Net income available to common stockholders, diluted:78,25494,21386,26784,16263,66769,170

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:51,36971,51363,89459,75663,87169,367
Comprehensive income, net of tax, attributable to parent:51,36971,51363,89459,75663,87169,367

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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