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)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments906268781406684
Cash and cash equivalents906268781406684
Restricted cash and investments23232111
Receivables14512710311214212593
Inventory, net of allowances, customer advances and progress billings111111109109
Inventory111111109109
Regulatory current assets55576879858598
Other undisclosed current assets15181920151917
Total current assets:339277272300393306302
Noncurrent Assets
Operating lease, right-of-use asset   15   
Intangible assets, net (including goodwill)37373750373731
Goodwill37373737373731
Intangible assets, net (excluding goodwill)   13   
Regulated entity, other noncurrent assets298288292286329337328
Other noncurrent assets144147151153125123124
Other undisclosed noncurrent assets2,9882,9352,8872,8182,7962,7472,685
Total noncurrent assets:3,4673,4063,3673,3233,2863,2433,169
TOTAL ASSETS:3,8063,6833,6393,6233,6803,5493,471
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities193153158184166140135
Accounts payable158140141144148133121
Accrued liabilities177 5   
Employee-related liabilities   23   
Taxes payable   5   
Interest and dividends payable17717717715
Deferred revenue   3   
Debt76765541125150440
Regulatory liability10101218192534
Other undisclosed current liabilities44475711514846
Total current liabilities:323286282257361362655
Noncurrent Liabilities
Long-term debt and lease obligation1,0541,0541,0561,0741,0601,060781
Long-term debt, excluding current maturities1,0541,0541,0561,0561,0601,060781
Finance lease, liability   5   
Operating lease, liability   14   
Liabilities, other than long-term debt594579574708585577572
Deferred compensation liability, classified   64   
Deferred income tax liabilities312300299299284279276
Liability, pension and other postretirement and postemployment benefits96959492114113112
Regulatory liability186184182180187185184
Other liabilities   73   
Other undisclosed noncurrent liabilities557556558401553548 
Total noncurrent liabilities:2,2062,1892,1882,1842,1982,1841,352
Total liabilities:2,5282,4752,4692,4402,5592,5462,008
Stockholders' equity
Stockholders' equity attributable to parent1,2731,2031,1651,1781,116997930
Common stock1111111
Additional paid in capital711682650651581512472
Retained earnings562520514526535484458
Stockholders' equity attributable to noncontrolling interest555555 
Total stockholders' equity:1,2781,2071,1701,1831,1211,002930
Other undisclosed liabilities and equity      534
TOTAL LIABILITIES AND EQUITY:3,8063,6833,6393,6233,6803,5493,471

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

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues238199159168238212147
Other undisclosed gross profit   (225)   
Gross profit:238199159(57)238212147
Operating expenses(33)(33)(33)(34)(31)(32)(30)
Other undisclosed operating income (loss)(140)(139)(116)101(136)(138)(113)
Operating income:652791071423
Nonoperating income3449374
Public utilities, allowance for funds used during construction, additions111 11 
Other nonoperating income233 374
Interest and debt expense(12)(12)(11)(12)(12)(11)(10)
Income (loss) from continuing operations before income taxes:5620176338(3)
Income tax expense (benefit)(6)(2)11(2)(2) 
Income (loss) before gain (loss) on sale of properties:5018286136(3)
Other undisclosed net income (loss)61(1)(5)12 
Net income (loss):5619136238(3)
Net income (loss) attributable to noncontrolling interest00000(0) 
Net income (loss) attributable to parent:5619146238(3)
Other undisclosed net income (loss) available to common stockholders, basic   (0)  0
Net income (loss) available to common stockholders, diluted:5619146238(3)

Comprehensive Income ($ in millions)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):5619136238(3)
Comprehensive income (loss):5619136238(3)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00000(0) 
Comprehensive income (loss), net of tax, attributable to parent:5619146238(3)

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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