Global Water Resources, Inc. (GWRS) financial statements (2022 and earlier)

Company profile

Business Address 21410 N. 19TH AVENUE
PHOENIX, AZ 85027
State of Incorp.
Fiscal Year End December 31
SIC 4941 - Water Supply (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,63718,0337,51312,7565,24820,498
Cash and cash equivalents12,63718,0337,51312,7565,24820,498
Restricted cash and investments806 1,582   
Receivables2,1952,4531,6311,4881,5281,804
Other undisclosed current assets3,3492,9691,5673,0902,8892,438
Total current assets:18,98723,45512,29317,3349,66524,740
Noncurrent Assets
Operating lease, right-of-use asset81  
Property, plant and equipment 238,891233,554227,055213,459200,489
Other noncurrent assets19,22121,10220,26618,07215,44413,590
Other undisclosed noncurrent assets255,785     
Total noncurrent assets:275,087259,993253,820245,127228,903214,079
TOTAL ASSETS:294,074283,448266,113262,461238,568238,819
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,3118,7928,5388,0697,5739,393
Accounts payable2,1205319926043211,791
Accrued liabilities9,1918,2617,5467,4657,2527,602
Deferred revenue 4 
Debt3,9752,03511747825
Deferred revenue and credits 1
Other undisclosed current liabilities1,6461,5581,4451,4601,3951,482
Total current liabilities:16,93212,38910,1009,5768,97610,901
Noncurrent Liabilities
Long-term debt and lease obligation, including:108,933112,659114,664114,507114,363114,317
Long-term debt, excluding current maturities    115,064115,000
Finance lease, liability199  
Capital lease obligations96 54
Operating lease, liability102  
Other undisclosed long-term debt and lease obligation108,632112,659114,664114,411(701)(737)
Liabilities, other than long-term debt32,27635,19634,53610,44592,83091,442
Customer advances or deposits62,72561,996
Deferred revenue and credits19,74619,740
Deferred revenue19,03517,84317,372
Deferred income tax liabilities3,2693,6524,919
Regulatory liability7,4217,9868,8038,8518,4637,859
Other liabilities7783,9421,669660962913
Business combination, contingent consideration, liability1,7731,7731,773934934934
Other undisclosed noncurrent liabilities105,90491,01682,141100,0627,5396,968
Total noncurrent liabilities:247,113238,871231,341225,014214,732212,727
Total liabilities:264,045251,260241,441234,590223,708223,628
Stockholders' equity
Stockholders' equity attributable to parent, including:30,02932,18824,67227,87114,86015,191
Common stock228227216215196196
Treasury stock, value(2)(1)1   
Additional paid in capital29,80331,962 27,65714,28819,510
Retained earnings (accumulated deficit)    376(4,515)
Other undisclosed stockholders' equity attributable to parent  24,455(1)  
Total stockholders' equity:30,02932,18824,67227,87114,86015,191
TOTAL LIABILITIES AND EQUITY:294,074283,448266,113262,461238,568238,819

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues41,91438,62735,47135,51531,20829,799
Gross profit:41,91438,62735,47135,51531,20829,799
Operating expenses(34,935)(31,292)(28,510)(26,246)(23,864)(24,529)
Operating income:6,9797,3356,9619,2697,3445,270
Nonoperating expense(2,220)(5,459)(3,575)(4,384)(3,394)(9,611)
Other nonoperating income (expense)2,962(175)1,3095921,4782,222
Interest and debt expense(5,201)(5,377)(5,388)(5,255)(5,125)(2,165)
Other undisclosed income from continuing operations before equity method investments, income taxes     2,165
Loss from continuing operations before equity method investments, income taxes:(442)(3,501)(2,002)(370)(1,175)(4,341)
Other undisclosed income from continuing operations before income taxes5,2015,3775,3885,2555,125 
Income (loss) from continuing operations before income taxes:4,7591,8763,3864,8853,950(4,341)
Income tax expense (benefit)(1,150)(771)(1,162)(1,782)6011,489
Net income (loss) available to common stockholders, diluted:3,6091,1052,2243,1034,551(2,852)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):3,6091,1052,2243,1034,551(2,852)
Comprehensive income (loss), net of tax, attributable to parent:3,6091,1052,2243,1034,551(2,852)

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.

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