California water service group (CWT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net Income (Loss) Available to Common Stockholders, Basic

63,116

65,584

72,940

48,675

45,017

56,738

47,254

48,828

37,712

37,656

40,554

39,805

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

91,288

85,707

78,592

65,203

63,182

63,322

60,250

56,866

51,981

45,265

41,643

39,485

Amortization of debt premium and expenses

700

1,100

900

871

825

797

1,081

1,107

1,082

979

970

673

Changes in normalized deferred income taxes

-15,346

-20,909

-21,087

-26,818

-24,393

-34,125

-9,800

-34,133

-2,723

-

-

-

Change in value of life insurance contracts

5,104

-2,334

3,058

1,026

-218

994

1,878

2,504

-1,876

2,641

4,107

-3,763

Public Utilities, Allowance for Funds Used During Construction, Additions

6,685

3,954

3,750

0

0

-

-

-

-

-

-

-

Stock-based compensation

6,731

3,141

3,118

2,849

2,578

2,195

1,832

1,442

1,300

-

-

-

Gain on sale of non-utility properties

28

50

663

-146

315

51

0

84

62

22

560

7

Write-off of capital costs

698

410

1,293

3,221

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities:
Receivables and unbilled revenue

4,580

-20,422

31,871

343

-1,855

-4,983

7,201

1,392

8,213

860

9,557

6,069

Unbilled revenue

1,452

3,671

4,528

2,047

-559

6,706

1,640

326

1,143

508

305

201

Taxes, prepaid expenses, and other assets

3,545

587

3,718

-1,276

2,366

4,160

-1,490

3,322

-11,823

2,842

2,332

4,421

Accounts payable

10,719

4,701

1,564

3,839

-819

-1,370

3,809

879

4,612

220

1,340

2,610

Other current liabilities

1,282

-4,382

2,164

4,056

-1,106

-5,428

-868

6,219

8,270

-598

734

8,109

Other changes in noncurrent assets and liabilities

-264

12,644

-13,752

-6,906

-10,948

15,318

-10,244

9,932

689

-1,139

3,688

10,659

Material and supplies

-

-

-

-

-

-

-

-

-

-

-

322

Other changes, net

-

-

-

-

-

-

-

-

-

-

-356

-1,646

Net adjustments

-

-

-

-

-

-

-

-

-

37,854

31,870

55,925

Net cash provided by operating activities

168,794

179,019

147,842

160,444

144,969

128,133

124,173

131,914

111,272

75,510

72,424

95,730

Utility plant expenditures

273,770

271,707

259,194

228,938

176,833

132,015

122,988

127,681

118,546

123,926

110,608

107,804

Proceeds from sale of non-utility assets

28

59

666

395

319

57

0

85

64

34

810

7

TCP settlement proceeds

0

0

56,004

0

0

-

-

-

-

-

-

-

Life insurance benefits

0

3,491

1,558

495

0

0

-

-

-

-

-

-

MTBE settlement received

-

-

-

-

-

-

-

-

-

-

-

-34,217

Acquisitions

-

-

-

-

-

-

-

-

-

-

-

24,924

Purchase of life insurance

2,216

4,925

5,605

2,857

2,032

3,207

3,281

3,294

1,744

1,891

1,813

1,373

Change in restricted cash

-

-

-

-

-288

-396

-1,073

-1,959

3,042

-3,169

3,104

-

Net cash used in investing activities

-275,958

-273,082

-206,571

-230,905

-178,258

-134,769

-125,196

-128,931

-123,268

-122,614

-114,715

-99,877

Short-term borrowings

260,000

151,000

265,000

145,100

94,303

117,300

70,615

94,335

23,390

85,750

20,000

56,000

Repayment of short-term borrowings

150,000

361,000

87,000

81,615

141,000

85,000

113,275

52,000

-

74,000

48,000

16,000

Repayment of long-term debt

405,568

16,532

26,829

6,996

7,003

8,705

47,248

7,037

2,963

13,692

6,772

2,871

Advances and contributions in aid of construction

27,774

18,612

21,369

21,448

16,026

12,329

10,563

6,966

7,231

5,313

4,981

8,227

Common stock issuance cost

-

-

-

-

-

-

5,111

-

-

-

-

-

Issuance of long-term debt, net of debt issuance costs of $1,796 for 2019, $617 for 2018, $0 for 2017

398,204

299,383

0

49,823

99,343

497

48

124

178

106,173

97,980

655

Refunds of advances for construction

7,566

7,297

8,378

6,885

6,726

6,641

6,922

7,397

6,205

6,188

6,039

6,662

Repurchase of common stock

2,497

1,645

1,505

744

338

-

-

-

-

-

-

-

Issuance of common stock

20,423

0

0

-

-

-

110,688

-

965

912

614

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-3,718

Dividends paid

38,023

36,043

34,563

33,081

32,066

31,063

29,619

26,387

25,674

24,753

24,476

24,349

Net cash provided by financing activities

102,747

46,478

128,094

87,050

22,539

-1,283

-10,261

8,604

-3,078

79,515

38,288

11,282

Change in cash, cash equivalents, and restricted cash

-4,417

-47,585

69,365

16,589

-10,750

-7,919

-11,284

11,587

-15,074

32,411

-4,003

7,135

Supplemental information:
Cash paid (received) during the year for:
Cash paid for interest (net of amounts capitalized)

40,980

35,941

32,223

28,038

25,345

21,722

28,171

27,120

26,998

24,425

20,351

16,284

Income taxes

-

-

-

-

-

-

7,700

-

10,535

9,815

14,003

22,586

Income tax refunds

0

0

1,697

0

0

6,000

0

-5,349

-11,028

-

-2,500

-

Supplemental disclosure of non-cash activities:
Accrued payables for investments in utility plant

40,794

38,807

41,017

27,150

21,546

15,621

9,932

11,048

9,008

6,565

9,570

-

Utility plant contribution by developers

16,288

20,609

19,898

16,824

-

-

-

-

-

-

-

-

Litigation proceeds for TCP and MTBE contamination reclassified from liability to depreciable plant and equipment

13,968

32,315

2,420

484

332

0

7,029

4,462

16,735

-

-

-

Capital leases

-

-

-

-

-

-

-

-

9,388

-

-

-