Global Water Resources, Inc. (GWRS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
21410 N. 19TH AVENUE PHOENIX, AZ 85027 |
| 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)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,561 | 12,637 | 18,033 | 7,513 | 12,756 | 5,248 | |||
| Cash and cash equivalents | 6,561 | 12,637 | 18,033 | 7,513 | 12,756 | 5,248 | |||
| Restricted cash and investments | 1,001 | 806 | 1,582 | ||||||
| Receivables | 2,601 | 2,195 | 2,453 | 1,631 | 1,488 | 1,528 | |||
| Other undisclosed current assets | 3,995 | 3,349 | 2,969 | 1,567 | 3,090 | 2,889 | |||
| Total current assets: | 14,158 | 18,987 | 23,455 | 12,293 | 17,334 | 9,665 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 81 | ✕ | ✕ | ||||||
| Property, plant and equipment | 238,891 | 233,554 | 227,055 | 213,459 | |||||
| Other noncurrent assets | 21,191 | 19,221 | 21,102 | 20,266 | 18,072 | 15,444 | |||
| Other undisclosed noncurrent assets | 287,737 | 255,785 | |||||||
| Total noncurrent assets: | 308,928 | 275,087 | 259,993 | 253,820 | 245,127 | 228,903 | |||
| TOTAL ASSETS: | 323,086 | 294,074 | 283,448 | 266,113 | 262,461 | 238,568 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,229 | 11,311 | 8,792 | 8,538 | 8,069 | 7,573 | |||
| Accounts payable | 2,173 | 2,120 | 531 | 992 | 604 | 321 | |||
| Accrued liabilities | 8,056 | 9,191 | 8,261 | 7,546 | 7,465 | 7,252 | |||
| Deferred revenue | 4 | ✕ | ✕ | ||||||
| Debt | 3,833 | 3,975 | 2,035 | 117 | 47 | 8 | |||
| Other undisclosed current liabilities | 2,187 | 1,646 | 1,558 | 1,445 | 1,460 | 1,395 | |||
| Total current liabilities: | 16,249 | 16,932 | 12,389 | 10,100 | 9,576 | 8,976 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 104,945 | 108,933 | 112,659 | 114,664 | 114,507 | 114,363 | |||
| Long-term debt, excluding current maturities | 104,945 | 115,064 | |||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 96 | |||
| Finance lease, liability | 199 | ✕ | ✕ | ||||||
| Other undisclosed long-term debt and lease obligation | 108,632 | 112,659 | 114,664 | 114,411 | (701) | ||||
| Liabilities, other than long-term debt | 35,822 | 32,276 | 35,196 | 34,536 | 10,445 | 92,830 | |||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 62,725 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 19,746 | ||
| Deferred revenue | 20,974 | 19,035 | 17,843 | 17,372 | ✕ | ✕ | |||
| Deferred income tax liabilities | 5,949 | 3,269 | 3,652 | 4,919 | ✕ | ✕ | |||
| Regulatory liability | 6,371 | 7,421 | 7,986 | 8,803 | 8,851 | 8,463 | |||
| Other liabilities | 755 | 778 | 3,942 | 1,669 | 660 | 962 | |||
| Operating lease, liability | 102 | ✕ | ✕ | ||||||
| Business combination, contingent consideration, liability | 1,773 | 1,773 | 1,773 | 1,773 | 934 | 934 | |||
| Other undisclosed noncurrent liabilities | 121,676 | 105,904 | 91,016 | 82,141 | 100,062 | 7,539 | |||
| Total noncurrent liabilities: | 262,443 | 247,113 | 238,871 | 231,341 | 225,014 | 214,732 | |||
| Total liabilities: | 278,692 | 264,045 | 251,260 | 241,441 | 234,590 | 223,708 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 44,394 | 30,029 | 32,188 | 24,672 | 27,871 | 14,860 | |||
| Common stock | 239 | 228 | 227 | 216 | 215 | 196 | |||
| Treasury stock, value | (2) | (2) | (1) | 1 | |||||
| Additional paid in capital | 44,157 | 29,803 | 31,962 | 27,657 | 14,288 | ||||
| Retained earnings | 376 | ||||||||
| Other undisclosed equity, attributable to parent | 24,455 | (1) | |||||||
| Total equity: | 44,394 | 30,029 | 32,188 | 24,672 | 27,871 | 14,860 | |||
| TOTAL LIABILITIES AND EQUITY: | 323,086 | 294,074 | 283,448 | 266,113 | 262,461 | 238,568 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 44,728 | 41,914 | 38,627 | 35,471 | 35,515 | 31,208 | ||
| Gross profit: | 44,728 | 41,914 | 38,627 | 35,471 | 35,515 | 31,208 | ||
| Operating expenses | (36,909) | (34,935) | (31,292) | (28,510) | (26,246) | (23,864) | ||
| Operating income: | 7,819 | 6,979 | 7,335 | 6,961 | 9,269 | 7,344 | ||
| Nonoperating expense | (1,379) | (2,220) | (5,459) | (3,575) | (4,384) | (3,394) | ||
| Other nonoperating income (expense) | 2,592 | 2,962 | (175) | 1,309 | 592 | 1,478 | ||
| Interest and debt expense | (4,036) | (5,201) | (5,377) | (5,388) | (5,255) | (5,125) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,404 | (442) | (3,501) | (2,002) | (370) | (1,175) | ||
| Other undisclosed income from continuing operations before income taxes | 4,036 | 5,201 | 5,377 | 5,388 | 5,255 | 5,125 | ||
| Income from continuing operations before income taxes: | 6,440 | 4,759 | 1,876 | 3,386 | 4,885 | 3,950 | ||
| Income tax expense (benefit) | (934) | (1,150) | (771) | (1,162) | (1,782) | 601 | ||
| Income from continuing operations: | 5,506 | 3,609 | 1,105 | 2,224 | 3,103 | 4,551 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 3,609 | 1,105 | 2,224 | 3,103 | 4,551 | |
| Net income available to common stockholders, diluted: | 5,506 | 3,609 | 1,105 | 2,224 | 3,103 | 4,551 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,506 | 3,609 | 1,105 | 2,224 | 3,103 | 4,551 | ||
| Comprehensive income, net of tax, attributable to parent: | 5,506 | 3,609 | 1,105 | 2,224 | 3,103 | 4,551 | ||
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.