California Water Service Group (CWT) Financial Statements (2023 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 millions)
Annual | Quarterly

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 investments7845434795259
Cash and cash equivalents7845434795259
Restricted cash and investments21     
Receivables11298119123115103105
Inventory, net of allowances, customer advances and progress billings10987666
Inventory10987666
Regulatory current assets79963842373035
Other current assets  2319181414
Other undisclosed current assets2017(46)(49)(43)(37)(41)
Total current assets:300266185189228142128
Noncurrent Assets
Finance lease, right-of-use asset 79✕✕✕✕
Operating lease, right-of-use asset151614✕✕✕✕
Intangible assets, net (including goodwill)50441414141415
Goodwill373233333
Intangible assets, net (excluding goodwill)13121112111213
Regulated entity, other noncurrent assets286325433354401356367
Other noncurrent assets1531208460615247
Other undisclosed noncurrent assets2,8182,6152,3732,2212,0371,8471,689
Total noncurrent assets:3,3233,1282,9272,6492,5132,2702,119
TOTAL ASSETS:3,6233,3943,1112,8382,7402,4122,246
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities184166144133134116100
Accounts payable14413210896947866
Accrued liabilities5437666
Employee-related liabilities23192320242319
Taxes payable5444443
Interest and dividends payable7666665
Deferred revenue333✕✕✕✕
Debt4137619917029112340
Regulatory liability18354125952
Other undisclosed current liabilities11986766
Total current liabilities:257589359321491250148
Noncurrent Liabilities
Long-term debt and lease obligation1,074799805710516532512
Long-term debt, excluding current maturities1,056781787710516532512
Finance lease, liability545✕✕✕✕
Operating lease, liability141413✕✕✕✕
Liabilities, other than long-term debt708639753665853790766
Customer advances or deposits✕✕✕✕183182180
Deferred revenue and credits✕✕✕✕222
Deferred compensation liability, classified64      
Accumulated deferred investment tax credit  22✕✕✕
Deferred tax liabilities, net✕✕✕213193299265
Deferred income tax liabilities299276223✕✕✕✕
Liability, pension and other postretirement and postemployment benefits92116259194252223236
Regulatory liability1801812112111803935
Other liabilities73675945444547
Other undisclosed noncurrent liabilities401      
Total noncurrent liabilities:2,1841,4391,5581,3751,3691,3211,278
Total liabilities:2,4402,0281,9171,6961,8601,5711,426
Stockholders' equity
Stockholders' equity attributable to parent1,178921780730693659642
Common stock1100000
Additional paid in capital651449362338336335333
Retained earnings526472417392357324309
Stockholders' equity attributable to noncontrolling interest5      
Total stockholders' equity:1,183921780730693659642
Other undisclosed liabilities and equity 445414412187181178
TOTAL LIABILITIES AND EQUITY:3,6233,3943,1112,8382,7402,4122,246

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues766698664675   
Cost of revenue
(Cost of Goods and Services Sold)		(225)(230)(212)(207)(228)(209)(196)
Gross profit:541468452468(228)(209)(196)
Operating expenses(127)(117)(109)(101)(103)(98)(113)
Other undisclosed operating income (loss)(287)(214)(244)(256)425383381
Operating income:12713799111957671
Nonoperating income (expense)2425(7)631
Investment income, nonoperating4      
Other nonoperating income (expense)1725(7)631
Interest and debt expense(45)(45)(45)(40)(36)(33)(29)
Income from continuing operations before income taxes:106945964654643
Income tax expense(4)      
Income before gain (loss) on sale of properties:102945964654643
Other undisclosed net loss(1)      
Net income:101945964654643
Net income attributable to noncontrolling interest0      
Other undisclosed net income attributable to parent 34    
Net income attributable to parent:101976364654643
Other undisclosed net income available to common stockholders, basic   2232
Net income available to common stockholders, diluted:101976366674945

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:101945964654643
Comprehensive income:101945964654643
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Comprehensive income, net of tax, attributable to parent:101945964654643

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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