California Water Service Group (CWT) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,59162,10078,38044,55542,65347,176
Cash and cash equivalent39,59162,10078,38044,55542,65347,176
Restricted cash and investments45,37522,9252,273574  
Receivables112,779109,151111,99798,425119,349122,959
Inventory, net of allowances, customer advances and progress billings16,17012,5649,5118,8317,7456,586
Inventory16,17012,5649,5118,8317,7456,586
Regulatory asset64,24066,82678,59796,24138,22542,394
Other current assets     22,71018,567
Other undisclosed current assets18,13021,96919,70017,390(45,970)(48,980)
Total current assets:296,285295,535300,458266,016184,712188,702
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    7,3948,563✕
Operating lease, right-of-use asset13,38714,76215,31815,58914,402✕
Intangible assets, net (including goodwill)57,77253,62549,93543,96213,51514,465
Goodwill37,03936,81436,81431,8422,6152,615
Intangible assets, net (excluding goodwill)20,73316,81113,12112,12010,90011,850
Regulated entity, other noncurrent assets257,621283,620285,692325,376433,322353,569
Other noncurrent assets231,333175,913153,445120,45684,28960,095
Other undisclosed noncurrent assets3,739,1353,027,2972,818,4232,615,4552,372,5052,220,873
Total noncurrent assets:4,299,2483,555,2173,322,8133,128,2322,926,5962,649,002
TOTAL ASSETS:4,595,5333,850,7523,623,2713,394,2483,111,3082,837,704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities196,455184,523184,124165,976144,249133,046
Interest and dividends payable✕✕✕6,5426,1785,8105,674
Taxes payable✕✕✕5,3794,4774,4454,182
Employee-related liabilities✕✕✕22,67119,47322,54320,229
Accounts payable157,305140,986144,369131,725108,46395,580
Accrued liabilities39,15043,5375,1634,1232,9887,381
Deferred revenue2,9923,1013,0513,3053,325✕
Debt180,67275,86541,001375,848199,100170,011
Regulatory liability21,54012,24017,54734,6364,46212,213
Other undisclosed current liabilities28,68018,92110,8538,9417,5855,896
Total current liabilities:430,339294,650256,576588,706358,721321,166
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,055,8251,055,1621,074,313799,451804,887710,027
Long-term debt, excluding current maturities1,052,7681,052,4871,055,794781,100786,754710,027
Finance lease, liability3,0572,6754,9184,4835,205✕
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt1,275,480768,826708,070639,423753,328664,742
Deferred compensation liability, classified66,70059,00063,900   
Accumulated deferred investment tax credit     1,5751,649
Deferred tax liabilities, net✕✕✕✕✕✕213,033
Deferred income tax liabilities352,762330,251298,945276,032222,590✕
Liability, pension and other postretirement and postemployment benefits82,92078,44392,287115,581258,907193,538
Regulatory liability683,717213,679180,428180,718211,413211,275
Other liabilities76,77673,61572,51067,09258,84345,247
Operating lease, liability12,60513,83813,60113,86812,928✕
Other undisclosed noncurrent liabilities403,577409,720401,332   
Total noncurrent liabilities:2,734,8822,233,7082,183,7151,438,8741,558,2151,374,769
Total liabilities:3,165,2212,528,3582,440,2912,027,5801,916,9361,695,935
Equity
Equity, attributable to parent1,426,7331,317,5901,177,594921,344779,906730,157
Common stock577556537503485481
Additional paid in capital876,583760,336651,121448,632362,275337,623
Accumulated other comprehensive loss      
Retained earnings549,573556,698525,936472,209417,146392,053
Equity, attributable to noncontrolling interest3,5794,8045,386   
Total equity:1,430,3121,322,3941,182,980921,344779,906730,157
Other undisclosed liabilities and equity    445,324414,466411,612
TOTAL LIABILITIES AND EQUITY:4,595,5333,850,7523,623,2713,394,2483,111,3082,837,704

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

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues790,334772,616765,704697,577664,358674,736
Cost of revenue
(Cost of Product and Service Sold)		(223,833)(224,529)(225,020)(230,076)(212,461)(207,103)
Gross profit:566,501548,087540,684467,501451,897467,633
Operating expenses(142,235)(132,718)(126,686)(117,058)(108,617)(100,781)
Other undisclosed operating loss(347,131)(287,709)(287,228)(213,777)(243,868)(256,312)
Operating income:77,135127,660126,770136,66699,412110,540
Nonoperating income (expense)24,06011,94524,4092,0274,925(7,102)
Investment income, nonoperating   3,800   
Other nonoperating income (expense)24,06011,94517,4232,0274,925(7,102)
Interest and debt expense(52,809)(46,686)(45,262)(45,047)(44,891)(39,917)
Income from continuing operations before income taxes:48,38692,919105,91793,64659,44663,521
Income tax expense  (4,092)   
Income from continuing operations:48,38692,919101,82593,64659,44663,521
Income before gain (loss) on sale of properties:✕✕✕101,82593,64659,44663,521
Other undisclosed net income (loss)2,9902,344(846)   
Net income:51,37695,263100,97993,64659,44663,521
Net income attributable to noncontrolling interest535748146   
Other undisclosed net income attributable to parent    3,1853,670 
Net income attributable to parent:51,91196,011101,12596,83163,11663,521
Other undisclosed net income available to common stockholders, basic      2,063
Net income available to common stockholders, diluted:51,91196,011101,12596,83163,11665,584

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:51,37695,263100,97993,64659,44663,521
Other comprehensive loss      
Comprehensive income:51,37695,263100,97993,64659,44663,521
Comprehensive income, net of tax, attributable to noncontrolling interest535748146   
Comprehensive income, net of tax, attributable to parent:51,91196,011101,12593,64659,44663,521

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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