CALIFORNIA WATER SERVICE GROUP CWT Balance Sheet

California water service group (CWT)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Utility plant:
Land
-	-	-	-	-	44	-	-	-	42	-	-	-	40	-	-	-	42	-	-	-	42	-	-	-	42	-	-	-	42	-	-	-	37	-	-	-	21	-	-	19
Depreciable plant and equipment
-	-	-	-	-	2,950	-	-	-	2,729	-	-	-	2,522	-	-	-	2,301	-	-	-	2,191	-	-	-	2,043	-	-	-	1,903	-	-	-	1,807	-	-	-	1,695	-	-	1,575
Construction work in progress
-	-	-	-	-	210	-	-	-	175	-	-	-	132	-	-	-	141	-	-	-	90	-	-	-	109	-	-	-	132	-	-	-	98	-	-	-	103	-	-	89
Intangible assets
-	-	-	-	-	24	-	-	-	22	-	-	-	21	-	-	-	21	-	-	-	18	-	-	-	18	-	-	-	18	-	-	-	16	-	-	-	24	-	-	23
Utility plant
3,616	3,550	3,411	3,346	3,281	3,229	3,169	3,094	3,025	2,970	2,892	2,826	2,766	2,717	2,667	2,621	2,560	2,506	2,460	2,419	2,373	2,342	2,306	2,269	2,236	2,213	2,190	2,160	2,123	2,096	2,065	2,026	1,994	1,960	1,927	1,895	1,869	1,843	1,819	1,786	1,709
Less accumulated depreciation and amortization
1,169	1,144	1,067	1,043	1,021	996	983	964	942	922	910	897	878	858	849	836	821	805	797	782	766	752	745	730	713	697	685	670	655	639	622	607	594	579	580	567	561	549	538	533	510
Net utility plant
2,446	2,406	2,343	2,302	2,259	2,232	2,185	2,130	2,083	2,047	1,981	1,928	1,888	1,859	1,817	1,785	1,739	1,701	1,663	1,636	1,606	1,590	1,560	1,539	1,523	1,515	1,505	1,490	1,468	1,457	1,443	1,419	1,400	1,381	1,347	1,327	1,308	1,294	1,280	1,253	1,198
Current assets:
Cash and cash equivalents
140	42	51	54	60	47	66	33	34	94	28	29	11	25	21	30	30	8	50	24	33	19	29	29	21	27	48	38	127	38	16	20	16	27	46	32	40	42	9	5	9
Receivables:
Customers, net
32	32	45	43	27	30	50	44	28	32	46	39	24	30	45	36	31	31	41	29	24	25	37	34	26	31	42	41	29	29	48	37	24	28	38	30	21	25	33	27	25
Regulatory balancing accounts
25	38	33	33	37	42	37	33	34	36	31	29	30	30	19	26	31	35	38	42	50	53	45	26	28	30	27	25	29	34	33	25	24	21	11	13	15	14	6	8	10
Other, net
14	14	16	17	19	17	20	19	21	16	16	17	17	17	14	11	12	14	14	14	13	14	15	13	19	18	9	14	11	11	12	7	5	6	19	6	9	5	5	6	9
Unbilled revenue, net
31	34	42	32	24	33	40	36	28	29	38	34	24	25	33	33	25	23	31	25	22	23	29	28	14	17	25	24	15	15	23	23	18	15	22	21	15	13	21	19	13
Materials and supplies at weighted average cost
8	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	5	6	6	5	5	5	6	6	6	5	5	5
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-	-	7
Taxes, prepaid expenses, and other assets
18	14	14	17	17	11	12	15	12	11	12	14	12	7	10	13	10	7	8	6	9	11	14	12	12	8	10	13	12	10	10	14	12	9	10	21	21	7	8	19	11
Total current assets
270	184	212	206	192	188	235	189	165	227	180	170	128	142	151	159	148	127	191	150	159	154	177	150	130	139	170	164	231	146	150	134	107	113	155	131	129	126	91	91	92
Other assets:
Regulatory assets
442	433	382	373	366	353	388	405	405	405	379	375	367	355	363	363	361	361	398	403	401	390	277	264	254	251	354	353	353	344	334	323	319	319	262	245	238	229	223	220	204
Unamortized debt premium and expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	5	-	-	-	5	-	-	-	6	-	-	-	6	-	-	4
Goodwill
2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Other assets
78	84	82	80	78	60	64	61	60	60	58	55	53	51	50	48	47	47	50	50	51	45	51	53	52	45	50	47	47	39	45	37	38	30	33	37	36	32	33	32	23
Total other assets
523	520	467	456	448	416	455	469	467	468	440	433	424	410	417	414	411	411	451	456	454	442	331	319	309	304	407	404	404	392	382	364	360	359	298	285	277	271	259	255	235
TOTAL ASSETS
3,240	3,111	3,023	2,964	2,900	2,837	2,876	2,789	2,716	2,744	2,603	2,533	2,440	2,411	2,386	2,358	2,299	2,241	2,306	2,243	2,220	2,187	2,069	2,010	1,962	1,959	2,083	2,058	2,104	1,995	1,975	1,918	1,868	1,854	1,801	1,745	1,715	1,692	1,631	1,600	1,525
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stock, $0.01 par value; 68,000 shares authorized, 48,714 and 48,532 outstanding in 2020 and 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
368	362	341	340	338	337	336	336	335	336	335	334	334	334	334	333	333	333	332	331	331	330	329	329	328	328	327	327	327	221	220	220	219	219	219	217	217	217	217	216	215
Retained earnings
386	417	415	382	374	392	374	349	345	362	351	326	316	324	317	302	299	308	308	290	289	295	291	266	256	269	271	250	244	252	253	230	224	229	234	219	214	217	219	204	204
Stockholders' Equity Attributable to Parent
755	779	757	723	714	730	712	685	681	699	687	661	651	659	652	636	632	642	640	623	620	626	622	595	585	598	600	578	572	473	474	451	444	449	454	438	432	435	436	421	420
Long-term debt, net
786	786	807	807	710	710	714	414	515	515	519	519	521	531	555	555	557	508	416	416	419	419	422	423	425	426	430	430	434	434	479	479	481	481	477	477	478	479	380	380	374
Total capitalization
1,541	1,566	1,565	1,530	1,424	1,440	1,426	1,100	1,196	1,215	1,207	1,181	1,173	1,191	1,207	1,192	1,190	1,150	1,057	1,039	1,039	1,045	1,045	1,019	1,011	1,024	1,030	1,009	1,006	908	954	931	925	931	931	916	911	914	816	801	794
Current liabilities:
Current maturities of long-term debt, net
21	21	5	5	105	104	104	105	5	15	36	36	36	26	6	6	6	6	6	6	6	6	6	6	7	7	48	48	46	46	6	6	6	6	2	2	2	2	2	2	12
Short-term borrowings
335	175	155	165	125	65	75	325	275	275	195	190	130	97	57	75	34	33	136	126	109	79	61	81	64	46	11	28	93	89	60	87	50	47	39	32	28	23	56	55	12
Accounts payable
99	108	108	97	83	95	102	93	73	93	89	84	69	77	84	77	65	66	77	68	57	59	71	70	50	55	60	57	44	47	58	54	50	48	58	51	36	39	47	48	43
Regulatory balancing accounts
3	4	6	17	19	12	43	56	56	59	4	6	8	4	2	2	1	2	1	2	5	6	6	6	6	1	1	4	6	5	5	4	3	2	1	2	2	3	0	0	2
Accrued other taxes
-	-	-	-	-	4	-	-	-	3	-	-	-	3	-	-	-	3	-	-	-	4	-	-	-	3	-	-	-	3	-	-	-	3	-	-	-	3	-	-	4
Accrued interest
14	5	14	6	12	5	13	5	12	6	12	5	12	5	12	5	11	5	9	4	9	4	9	4	9	4	10	4	11	4	11	4	11	4	10	4	11	4	8	4	4
Accrued expenses and other liabilities
39	43	43	39	38	33	42	37	41	36	42	38	37	35	41	34	39	31	68	61	65	58	58	52	53	47	64	52	55	46	47	52	42	37	47	37	36	30	39	33	30
Total current liabilities
513	358	333	331	384	321	381	622	464	490	380	361	293	250	203	202	158	147	300	270	253	217	215	222	192	166	197	196	256	243	190	210	164	151	160	131	117	107	155	145	110
Unamortized investment tax credits
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Deferred Income Tax Liabilities, Net
218	222	229	216	211	213	199	196	192	194	329	310	299	298	282	271	264	264	236	221	214	214	210	180	179	183	168	167	158	158	164	116	119	116	124	120	114	107	103	94	91
Pension and postretirement benefits other than pensions
260	258	203	201	200	193	235	256	256	252	227	227	224	222	237	238	239	236	276	276	277	270	153	145	145	145	247	248	248	244	234	234	235	232	162	162	163	155	143	143	137
Regulatory liabilities and other
268	270	260	264	264	211	255	238	232	176	91	86	84	38	90	92	88	35	76	81	81	36	91	90	81	34	91	88	88	35	87	79	81	28	76	70	84	17	88	92	19
Advances for construction
194	191	190	189	186	186	186	185	184	182	182	182	182	182	182	180	180	180	180	181	181	182	182	181	182	183	184	186	186	187	188	188	185	187	187	187	186	186	187	188	185
Contributions in aid of construction
242	241	238	228	226	225	189	188	187	186	182	181	180	180	179	178	177	177	175	169	170	170	169	168	167	167	162	160	157	158	154	155	154	154	155	154	135	136	133	132	118
MTBE Settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34
Other long-term liabilities
-	-	-	-	-	45	-	-	-	44	-	-	-	44	-	-	-	47	-	-	-	46	-	-	-	52	-	-	-	56	-	-	-	51	-	-	-	65	-	-	31
Commitments and contingencies (Note 10)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	0	-	-	-
TOTAL CAPITALIZATION AND LIABILITIES
3,240	3,111	3,023	2,964	2,900	2,837	2,876	2,789	2,716	2,744	2,603	2,533	2,440	2,411	2,386	2,358	2,299	2,241	2,306	2,243	2,220	2,187	2,069	2,010	1,962	1,959	2,083	2,058	2,104	1,995	1,975	1,918	1,868	1,854	1,801	1,745	1,715	1,692	1,631	1,600	1,525