American States Water Company (AWR) financial statements (2022 and earlier)
Company profile
| Business Address |
630 E FOOTHILL BLVD SAN DIMAS, CA 91773-9016 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| SIC | 4941 - Water Supply (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
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 | 5 | 37 | 1 | 7 | 0 | 0 | 4 | ||
| Cash and cash equivalents | 5 | 37 | 1 | 7 | 0 | 0 | 4 | ||
| Receivables | 62 | 55 | 47 | 49 | 57 | 62 | 49 | ||
| Derivative instruments and hedges, assets | 4 | ||||||||
| Regulatory current assets | 9 | 13 | 21 | 17 | 34 | 43 | 30 | ||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | 41 | 41 | 32 | ||
| Other undisclosed current assets | 58 | 52 | 53 | 59 | 22 | 20 | 17 | ||
| Total current assets: | 138 | 157 | 122 | 131 | 155 | 167 | 133 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10 | 11 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,626 | 1,512 | 1,416 | 1,296 | 1,205 | 1,151 | 1,061 | ||
| Intangible assets, net (including goodwill) | 6 | 7 | 7 | 8 | 9 | 11 | 11 | ||
| Goodwill | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Intangible assets, net (excluding goodwill) | 4 | 6 | 6 | 7 | 8 | 10 | 10 | ||
| Regulated entity, other noncurrent assets | 3 | 3 | 103 | 107 | |||||
| Other noncurrent assets | 16 | 11 | 8 | 5 | 6 | 5 | 11 | ||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | 25 | 23 | 21 | ||
| Other undisclosed noncurrent assets | 101 | 90 | 88 | 60 | 16 | 11 | 4 | ||
| Total noncurrent assets: | 1,763 | 1,634 | 1,519 | 1,370 | 1,261 | 1,304 | 1,216 | ||
| TOTAL ASSETS: | 1,901 | 1,792 | 1,641 | 1,501 | 1,417 | 1,470 | 1,349 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 91 | 91 | 73 | 78 | 68 | 60 | 66 | ||
| Accounts payable | 66 | 64 | 56 | 60 | 51 | 44 | 51 | ||
| Accrued liabilities | 4 | 4 | 4 | ||||||
| Employee-related liabilities | 16 | 15 | 14 | 14 | 13 | 12 | 12 | ||
| Taxes payable | 5 | 7 | 0 | 0 | 0 | 0 | 0 | ||
| Interest and dividends payable | 5 | 5 | 3 | 4 | |||||
| Deferred revenue | 0 | 2 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 0 | 0 | 0 | 40 | 0 | 0 | 0 | ||
| Regulatory liability | 2 | ||||||||
| Billings in excess of cost | ✕ | ✕ | ✕ | 8 | 4 | 2 | 4 | ||
| Other liabilities | 11 | 10 | 10 | 11 | 15 | 11 | 10 | ||
| Other undisclosed current liabilities | 50 | 15 | 32 | 10 | 69 | 104 | 43 | ||
| Total current liabilities: | 156 | 119 | 116 | 147 | 157 | 178 | 124 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 421 | 450 | 281 | 281 | 321 | 321 | 326 | ||
| Long-term debt, excluding current maturities | 412 | 440 | 281 | 281 | 321 | 321 | 326 | ||
| Operating lease, liability | 9 | 10 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt, including: | 250 | 243 | 232 | 114 | 409 | 477 | 434 | ||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | 67 | 70 | 68 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1 | 2 | 2 | ||
| Accumulated deferred investment tax credit | 1 | 1 | 1 | ✕ | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | 125 | 114 | 116 | 225 | 193 | ||
| Deferred income tax liabilities | 140 | 131 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 61 | 96 | 68 | 58 | 50 | 43 | |||
| Regulatory liability | 33 | 23 | 32 | ||||||
| Other liabilities | 14 | 15 | 14 | 11 | 11 | 11 | |||
| Other undisclosed liabilities, other than long-term debt | 124 | 121 | 118 | ||||||
| Other undisclosed noncurrent liabilities | (23) | (102) | 129 | 120 | |||||
| Total noncurrent liabilities: | 647 | 591 | 643 | 516 | 730 | 798 | 759 | ||
| Total liabilities: | 803 | 710 | 759 | 662 | 887 | 976 | 883 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 686 | 642 | 602 | 558 | 530 | 494 | 466 | ||
| Common stock | 258 | 257 | 256 | 254 | 250 | 247 | 245 | ||
| Retained earnings | 428 | 385 | 346 | 305 | 280 | 247 | 221 | ||
| Total stockholders' equity: | 686 | 642 | 602 | 558 | 530 | 494 | 466 | ||
| Other undisclosed liabilities and equity | 412 | 440 | 281 | 281 | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,901 | 1,792 | 1,641 | 1,501 | 1,417 | 1,470 | 1,349 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 499 | 488 | 474 | 437 | 441 | 436 | 459 | |
| Revenue, net | ✕ | ✕ | ✕ | 437 | 441 | 436 | 459 | |
| Cost of revenue (Cost of Goods and Services Sold) | (57) | (62) | (56) | (54) | (50) | (54) | (63) | |
| Gross profit: | 442 | 426 | 418 | 383 | 391 | 382 | 396 | |
| Operating expenses | (118) | (117) | (347) | (336) | (314) | (321) | (340) | |
| Other undisclosed operating income (loss) | (183) | (178) | 56 | 54 | 50 | 54 | 63 | |
| Operating income: | 141 | 130 | 127 | 101 | 127 | 115 | 118 | |
| Nonoperating expense | (16) | (16) | (18) | (19) | (19) | (20) | (20) | |
| Investment income, nonoperating | 1 | 2 | 3 | 4 | 2 | 1 | 0 | |
| Other nonoperating income | 5 | 5 | 3 | 1 | 2 | 1 | 0 | |
| Interest and debt expense | (23) | (23) | (25) | (23) | (23) | (22) | (21) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 23 | 23 | 22 | 21 | ||||
| Income from continuing operations before income taxes: | 102 | 92 | 84 | 82 | 108 | 94 | 98 | |
| Income tax expense | (30) | (28) | (25) | (18) | (39) | (35) | (38) | |
| Net income: | 72 | 64 | 60 | 64 | 69 | 60 | 60 | |
| Other undisclosed net income attributable to parent | 23 | 23 | 25 | |||||
| Net income attributable to parent: | 94 | 86 | 84 | 64 | 69 | 60 | 60 | |
| Preferred stock dividends and other adjustments | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, basic: | 94 | 86 | 84 | 64 | 69 | 59 | 60 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net income available to common stockholders, diluted: | 94 | 86 | 84 | 64 | 69 | 60 | 60 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 72 | 64 | 60 | 64 | 69 | 60 | 60 | |
| Comprehensive income, net of tax, attributable to parent: | 72 | 64 | 60 | 64 | 69 | 60 | 60 | |
Statements sources
The financial statements are based on the company's filings with the 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.