California Water Service Group (CWT) Financial Statements (2023 and earlier)
Company Profile
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2021
| 12/31/2020
| 12/31/2019
| 12/31/2018
| 12/31/2017
| 12/31/2016
| 12/31/2015
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | 78 | 45 | 43 | 47 | 95 | 25 | 9 |
|
Cash and cash equivalents | 78 | 45 | 43 | 47 | 95 | 25 | 9 |
|
Restricted cash and investments | 2 | 1 | | | | | |
|
Receivables | 112 | 98 | 119 | 123 | 115 | 103 | 105 |
|
Inventory, net of allowances, customer advances and progress billings | 10 | 9 | 8 | 7 | 6 | 6 | 6 |
|
Inventory | 10 | 9 | 8 | 7 | 6 | 6 | 6 |
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Regulatory current assets | 79 | 96 | 38 | 42 | 37 | 30 | 35 |
|
Other current assets | | | 23 | 19 | 18 | 14 | 14 |
|
Other undisclosed current assets | 20 | 17 | (46) | (49) | (43) | (37) | (41) |
|
Total current assets: | 300 | 266 | 185 | 189 | 228 | 142 | 128 |
|
Noncurrent Assets |
|
Finance lease, right-of-use asset | | 7 | 9 | ✕ | ✕ | ✕ | ✕ |
|
Operating lease, right-of-use asset | 15 | 16 | 14 | ✕ | ✕ | ✕ | ✕ |
|
Intangible assets, net (including goodwill) | 50 | 44 | 14 | 14 | 14 | 14 | 15 |
|
Goodwill | 37 | 32 | 3 | 3 | 3 | 3 | 3 |
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Intangible assets, net (excluding goodwill) | 13 | 12 | 11 | 12 | 11 | 12 | 13 |
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Regulated entity, other noncurrent assets | 286 | 325 | 433 | 354 | 401 | 356 | 367 |
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Other noncurrent assets | 153 | 120 | 84 | 60 | 61 | 52 | 47 |
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Other undisclosed noncurrent assets | 2,818 | 2,615 | 2,373 | 2,221 | 2,037 | 1,847 | 1,689 |
|
Total noncurrent assets: | 3,323 | 3,128 | 2,927 | 2,649 | 2,513 | 2,270 | 2,119 |
|
TOTAL ASSETS: | 3,623 | 3,394 | 3,111 | 2,838 | 2,740 | 2,412 | 2,246 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 184 | 166 | 144 | 133 | 134 | 116 | 100 |
|
Accounts payable | 144 | 132 | 108 | 96 | 94 | 78 | 66 |
|
Accrued liabilities | 5 | 4 | 3 | 7 | 6 | 6 | 6 |
|
Employee-related liabilities | 23 | 19 | 23 | 20 | 24 | 23 | 19 |
|
Taxes payable | 5 | 4 | 4 | 4 | 4 | 4 | 3 |
|
Interest and dividends payable | 7 | 6 | 6 | 6 | 6 | 6 | 5 |
|
Deferred revenue | 3 | 3 | 3 | ✕ | ✕ | ✕ | ✕ |
|
Debt | 41 | 376 | 199 | 170 | 291 | 123 | 40 |
|
Regulatory liability | 18 | 35 | 4 | 12 | 59 | 5 | 2 |
|
Other undisclosed current liabilities | 11 | 9 | 8 | 6 | 7 | 6 | 6 |
|
Total current liabilities: | 257 | 589 | 359 | 321 | 491 | 250 | 148 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | 1,074 | 799 | 805 | 710 | 516 | 532 | 512 |
|
Long-term debt, excluding current maturities | 1,056 | 781 | 787 | 710 | 516 | 532 | 512 |
|
Finance lease, liability | 5 | 4 | 5 | ✕ | ✕ | ✕ | ✕ |
|
Operating lease, liability | 14 | 14 | 13 | ✕ | ✕ | ✕ | ✕ |
|
Liabilities, other than long-term debt | 708 | 639 | 753 | 665 | 853 | 790 | 766 |
|
Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | 183 | 182 | 180 |
|
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2 | 2 | 2 |
|
Deferred compensation liability, classified | 64 | | | | | | |
|
Accumulated deferred investment tax credit | | | 2 | 2 | ✕ | ✕ | ✕ |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 213 | 193 | 299 | 265 |
|
Deferred income tax liabilities | 299 | 276 | 223 | ✕ | ✕ | ✕ | ✕ |
|
Liability, pension and other postretirement and postemployment benefits | 92 | 116 | 259 | 194 | 252 | 223 | 236 |
|
Regulatory liability | 180 | 181 | 211 | 211 | 180 | 39 | 35 |
|
Other liabilities | 73 | 67 | 59 | 45 | 44 | 45 | 47 |
|
Other undisclosed noncurrent liabilities | 401 | | | | | | |
|
Total noncurrent liabilities: | 2,184 | 1,439 | 1,558 | 1,375 | 1,369 | 1,321 | 1,278 |
|
Total liabilities: | 2,440 | 2,028 | 1,917 | 1,696 | 1,860 | 1,571 | 1,426 |
|
Stockholders' equity |
|
Stockholders' equity attributable to parent | 1,178 | 921 | 780 | 730 | 693 | 659 | 642 |
|
Common stock | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
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Additional paid in capital | 651 | 449 | 362 | 338 | 336 | 335 | 333 |
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Retained earnings | 526 | 472 | 417 | 392 | 357 | 324 | 309 |
|
Stockholders' equity attributable to noncontrolling interest | 5 | | | | | | |
|
Total stockholders' equity: | 1,183 | 921 | 780 | 730 | 693 | 659 | 642 |
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Other undisclosed liabilities and equity | | 445 | 414 | 412 | 187 | 181 | 178 |
|
TOTAL LIABILITIES AND EQUITY: | 3,623 | 3,394 | 3,111 | 2,838 | 2,740 | 2,412 | 2,246 |
Income Statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
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.