California Water Service Group (CWT) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1720 N FIRST ST SAN JOSE, CA 95112 |
| State of Incorp. | DE |
| 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)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 50,121 | 39,591 | 62,100 | 78,380 | 44,555 | 42,653 | |||
| Cash and cash equivalent | 50,121 | 39,591 | 62,100 | 78,380 | 44,555 | 42,653 | |||
| Restricted cash and investments | 45,566 | 45,375 | 22,925 | 2,273 | 574 | ||||
| Receivables | 132,279 | 112,779 | 109,151 | 111,997 | 98,425 | 119,349 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,511 | 16,170 | 12,564 | 9,511 | 8,831 | 7,745 | |||
| Inventory | 20,511 | 16,170 | 12,564 | 9,511 | 8,831 | 7,745 | |||
| Regulatory asset | 55,917 | 64,240 | 66,826 | 78,597 | 96,241 | 38,225 | |||
| Other current assets | 22,710 | ||||||||
| Other undisclosed current assets | 19,742 | 18,130 | 21,969 | 19,700 | 17,390 | (45,970) | |||
| Total current assets: | 324,136 | 296,285 | 295,535 | 300,458 | 266,016 | 184,712 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7,394 | 8,563 | |||||||
| Operating lease, right-of-use asset | 13,301 | 13,387 | 14,762 | 15,318 | 15,589 | 14,402 | |||
| Intangible assets, net (including goodwill) | 61,166 | 57,772 | 53,625 | 49,935 | 43,962 | 13,515 | |||
| Goodwill | 37,063 | 37,039 | 36,814 | 36,814 | 31,842 | 2,615 | |||
| Intangible assets, net (excluding goodwill) | 24,103 | 20,733 | 16,811 | 13,121 | 12,120 | 10,900 | |||
| Regulated entity, other noncurrent assets | 357,406 | 257,621 | 283,620 | 285,692 | 325,376 | 433,322 | |||
| Other noncurrent assets | 302,974 | 231,333 | 175,913 | 153,445 | 120,456 | 84,289 | |||
| Other undisclosed noncurrent assets | 4,121,300 | 3,739,135 | 3,027,297 | 2,818,423 | 2,615,455 | 2,372,505 | |||
| Total noncurrent assets: | 4,856,147 | 4,299,248 | 3,555,217 | 3,322,813 | 3,128,232 | 2,926,596 | |||
| TOTAL ASSETS: | 5,180,283 | 4,595,533 | 3,850,752 | 3,623,271 | 3,394,248 | 3,111,308 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 211,042 | 196,455 | 184,523 | 184,124 | 165,976 | 144,249 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 6,542 | 6,178 | 5,810 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 5,379 | 4,477 | 4,445 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 22,671 | 19,473 | 22,543 | ||
| Accounts payable | 167,533 | 157,305 | 140,986 | 144,369 | 131,725 | 108,463 | |||
| Accrued liabilities | 43,509 | 39,150 | 43,537 | 5,163 | 4,123 | 2,988 | |||
| Deferred revenue | 3,447 | 2,992 | 3,101 | 3,051 | 3,305 | 3,325 | |||
| Debt | 277,422 | 180,672 | 75,865 | 41,001 | 375,848 | 199,100 | |||
| Regulatory liability | 22,648 | 21,540 | 12,240 | 17,547 | 34,636 | 4,462 | |||
| Other undisclosed current liabilities | 23,805 | 28,680 | 18,921 | 10,853 | 8,941 | 7,585 | |||
| Total current liabilities: | 538,364 | 430,339 | 294,650 | 256,576 | 588,706 | 358,721 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,104,571 | 1,055,825 | 1,055,162 | 1,074,313 | 799,451 | 804,887 | |||
| Long-term debt, excluding current maturities | 1,104,571 | 1,052,768 | 1,052,487 | 1,055,794 | 781,100 | 786,754 | |||
| Finance lease, liability | 688 | 3,057 | 2,675 | 4,918 | 4,483 | 5,205 | |||
| Other undisclosed long-term debt and lease obligation | (688) | ||||||||
| Liabilities, other than long-term debt | 1,486,863 | 1,275,480 | 768,826 | 708,070 | 639,423 | 753,328 | |||
| Deferred compensation liability, classified | 73,100 | 66,700 | 59,000 | 63,900 | |||||
| Accumulated deferred investment tax credit | 1,575 | ||||||||
| Deferred income tax liabilities | 411,083 | 352,762 | 330,251 | 298,945 | 276,032 | 222,590 | |||
| Liability, pension and other postretirement and postemployment benefits | 81,665 | 82,920 | 78,443 | 92,287 | 115,581 | 258,907 | |||
| Regulatory liability | 814,551 | 683,717 | 213,679 | 180,428 | 180,718 | 211,413 | |||
| Other liabilities | 94,179 | 76,776 | 73,615 | 72,510 | 67,092 | 58,843 | |||
| Operating lease, liability | 12,285 | 12,605 | 13,838 | 13,601 | 13,868 | 12,928 | |||
| Other undisclosed noncurrent liabilities | 412,199 | 403,577 | 409,720 | 401,332 | |||||
| Total noncurrent liabilities: | 3,003,633 | 2,734,882 | 2,233,708 | 2,183,715 | 1,438,874 | 1,558,215 | |||
| Total liabilities: | 3,541,997 | 3,165,221 | 2,528,358 | 2,440,291 | 2,027,580 | 1,916,936 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,635,271 | 1,426,733 | 1,317,590 | 1,177,594 | 921,344 | 779,906 | |||
| Common stock | 595 | 577 | 556 | 537 | 503 | 485 | |||
| Additional paid in capital | 966,975 | 876,583 | 760,336 | 651,121 | 448,632 | 362,275 | |||
| Accumulated other comprehensive loss | (7,217) | ||||||||
| Retained earnings | 674,918 | 549,573 | 556,698 | 525,936 | 472,209 | 417,146 | |||
| Equity, attributable to noncontrolling interest | 3,015 | 3,579 | 4,804 | 5,386 | |||||
| Total equity: | 1,638,286 | 1,430,312 | 1,322,394 | 1,182,980 | 921,344 | 779,906 | |||
| Other undisclosed liabilities and equity | 445,324 | 414,466 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 5,180,283 | 4,595,533 | 3,850,752 | 3,623,271 | 3,394,248 | 3,111,308 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 905,623 | 790,334 | 772,616 | 765,704 | 697,577 | 664,358 | ||
| Cost of revenue (Cost of Product and Service Sold) | (241,201) | (223,833) | (224,529) | (225,020) | (230,076) | (212,461) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 664,422 | 566,501 | 548,087 | 540,684 | 467,501 | 451,897 | ||
| Operating expenses | (139,515) | (142,235) | (132,718) | (126,686) | (117,058) | (108,617) | ||
| Other undisclosed operating loss | (299,853) | (347,131) | (287,709) | (287,228) | (213,777) | (243,868) | ||
| Operating income: | 225,054 | 77,135 | 127,660 | 126,770 | 136,666 | 99,412 | ||
| Nonoperating income | 22,581 | 24,060 | 11,945 | 24,409 | 2,027 | 4,925 | ||
| Investment income, nonoperating | 3,800 | |||||||
| Other nonoperating income | 22,581 | 24,060 | 11,945 | 17,423 | 2,027 | 4,925 | ||
| Interest and debt expense | (60,698) | (52,809) | (46,686) | (45,262) | (45,047) | (44,891) | ||
| Income from continuing operations before income taxes: | 186,937 | 48,386 | 92,919 | 105,917 | 93,646 | 59,446 | ||
| Income tax expense | (42,489) | (4,092) | ||||||
| Income from continuing operations: | 144,448 | 48,386 | 92,919 | 101,825 | 93,646 | 59,446 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 101,825 | 93,646 | 59,446 | |
| Other undisclosed net income (loss) | 45,637 | 2,990 | 2,344 | (846) | ||||
| Net income: | 190,085 | 51,376 | 95,263 | 100,979 | 93,646 | 59,446 | ||
| Net income attributable to noncontrolling interest | 722 | 535 | 748 | 146 | ||||
| Other undisclosed net income attributable to parent | 3,185 | 3,670 | ||||||
| Net income available to common stockholders, diluted: | 190,807 | 51,911 | 96,011 | 101,125 | 96,831 | 63,116 | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 190,085 | 51,376 | 95,263 | 100,979 | 93,646 | 59,446 | ||
| Other comprehensive income (loss) | (7,217) | |||||||
| Comprehensive income: | 182,868 | 51,376 | 95,263 | 100,979 | 93,646 | 59,446 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 722 | 535 | 748 | 146 | ||||
| Comprehensive income, net of tax, attributable to parent: | 183,590 | 51,911 | 96,011 | 101,125 | 93,646 | 59,446 | ||
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.