CALIFORNIA WATER SERVICE GROUP CWT Cash Flow

California water service group (CWT)

CashFlow / Quarterly

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	Mar'10
Net Income (Loss) Available to Common Stockholders, Basic
-20,307	11,336	42,424	16,996	-7,640	15,368	36,173	14,805	-762	19,428	33,849	18,531	1,132	15,090	22,875	11,508	-798	8,477	25,120	9,845	1,575	11,394	33,650	17,170	-5,476	5,666	29,151	13,510	-1,073	5,006	29,772	12,965	1,085	1,868	20,935	12,190	2,719	4,871	20,386	10,381	2,018
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
25,093	22,766	22,778	22,851	22,893	21,576	21,549	21,375	21,207	19,576	19,688	19,670	19,658	16,257	16,245	16,247	16,454	15,776	15,754	15,916	15,736	14,841	15,319	16,598	16,564	15,183	14,979	14,978	15,110	14,144	14,168	14,144	14,410	12,968	13,176	12,823	13,014	10,677	11,731	11,452	11,405
Change in value of life insurance contracts
-4,717	1,671	286	893	2,254	-2,210	693	320	-1,137	1,187	663	889	319	111	579	379	-43	540	-708	-211	161	493	-220	563	158	731	643	-6	510	260	609	-78	1,713	953	-2,869	-414	454	1,333	1,391	-682	599
Public Utilities, Allowance for Funds Used During Construction, Additions
1,614	1,598	1,868	1,686	1,533	1,310	1,023	710	911	987	1,105	879	779	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-utility properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,008	-	-	-	-
Changes in operating assets and liabilities:
Receivables and unbilled revenue
-7,261	-24,856	12,817	21,766	-5,147	-38,893	4,040	19,869	-5,438	-21,080	17,418	30,969	4,564	-13,009	12,791	7,688	-7,127	-20,267	10,901	8,111	-600	-18,764	-3,380	23,167	-6,006	-17,435	4,950	18,041	1,645	-33,070	13,761	24,225	-3,524	-17,272	13,996	10,597	892	-8,405	7,170	10,162	-8,067
Accounts payable
-7,379	-6,016	10,807	10,161	-4,233	-13,432	11,716	13,432	-7,015	-5,148	3,470	8,777	-5,535	-5,101	4,195	9,874	-5,129	-8,064	5,787	1,877	-419	-8,609	-5,563	12,624	178	-3,910	-1,068	9,517	-730	-12,187	4,187	8,545	334	-10,399	4,757	14,407	-4,153	-4,016	-1,091	6,095	-768
Other current assets
3,768	-	-1,813	723	5,027	-	-2,815	2,480	1,727	-	-2,405	1,689	5,359	-	-3,017	3,032	1,728	-	1,414	-3,590	4,604	-	2,475	-681	5,065	-	-3,138	2,160	1,729	-	-2,617	1,737	3,371	-	-10,679	-262	3,350	-	-8,168	-3,184	4,693
Other current liabilities
3,316	-10,315	11,993	-5,664	5,268	-13,144	12,930	-10,553	6,385	-8,775	11,686	-5,831	5,084	-9,926	13,627	-10,098	10,453	-13,045	8,275	-3,963	7,627	-12,332	23,240	-23,794	7,458	-21,426	12,365	-1,971	10,164	-4,362	865	3,871	5,845	-12,023	16,558	-4,949	8,684	-9,815	10,564	-4,218	2,871
Other changes in noncurrent assets and liabilities
3,252	21,338	-10,108	-3,974	-7,520	13,288	9,495	-5,639	-4,500	28,085	-22,150	-14,708	-4,979	27,480	-17,629	-11,687	-5,070	22,528	-24,846	-2,095	-6,535	28,658	10,788	-33,162	9,034	3,257	-12,151	-1,388	38	38,343	-26,753	-4,460	2,802	-	-	-	-	-3,847	3,716	-4,227	3,219
Other changes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270	2,460	-609
Net adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,122	10,901	21,857	-6,827	24,224	346	20,111
Net cash provided by operating activities
4,067	40,451	84,952	23,250	20,141	59,516	69,932	21,319	28,252	38,054	74,062	21,429	14,297	36,615	64,218	28,119	31,492	28,445	68,175	21,460	26,889	27,966	56,983	32,711	10,473	22,274	65,123	17,227	19,549	32,509	67,308	9,181	22,916	13,548	50,057	23,091	24,576	-1,956	44,610	10,727	22,129
Utility plant expenditures
65,270	78,828	73,006	62,055	59,881	58,851	78,956	63,250	70,650	78,752	71,730	56,859	51,853	62,532	50,251	59,692	56,463	58,524	42,482	40,780	35,047	45,757	29,211	32,427	24,620	28,206	28,592	34,089	32,101	28,081	37,616	33,319	28,665	29,029	37,249	27,801	24,467	24,585	38,883	34,337	26,121
Life insurance benefits
-	-	-	-	-	-	-	-	-	0	1,108	0	450	0	0	0	495	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of life insurance
-	-	-	-	-	-	-	-	-	1,657	2,732	380	836	147	1,645	105	960	177	1,641	214	0	0	1,500	33	1,674	77	1,596	69	1,539	95	1,842	0	1,357	0	86	69	1,589	93	92	140	1,566
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	188	465	-529	287	-72	26	-42	-41	105	-418	75	-69	-971	-108	-406	-1,547	96	-102	2,992	-107	71	86	-178	-3,004	37	-24
Net cash used in investing activities
-65,270	-78,800	-75,222	-62,055	-59,881	-58,792	-80,390	-63,250	-70,650	-23,739	-73,354	-57,239	-52,239	-61,599	-51,928	-59,985	-57,393	-57,853	-44,410	-40,922	-35,073	-45,658	-30,670	-32,565	-25,876	-28,358	-30,119	-33,187	-33,532	-27,685	-37,911	-33,415	-29,920	-31,957	-37,228	-27,941	-26,142	-24,499	-35,938	-34,514	-27,663
Short-term borrowings
170,000	50,000	20,000	130,000	60,000	10,000	30,000	65,978	45,022	80,000	45,000	105,000	35,000	40,000	2,000	48,600	54,500	11,803	30,000	22,500	30,000	17,400	60,500	17,200	22,200	35,300	2,700	28,815	3,800	28,770	2,930	56,985	5,650	7,280	7,100	3,900	5,110	14,500	28,100	36,050	7,100
Repayment of short-term borrowings
10,000	30,000	30,000	90,000	0	20,000	280,000	15,978	45,022	0	40,000	45,000	2,000	0	20,000	8,000	53,615	116,000	20,000	5,000	0	0	80,000	0	5,000	-	-	-	-	-30	30,030	20,000	2,000	-	-	-	-	-	-	-	-
Repayment of long-term debt
197	3,938	272	401,132	226	4,033	235	2,040	10,224	24,032	390	2,121	286	4,131	402	2,209	254	4,125	324	2,216	338	4,101	441	3,703	460	44,190	505	2,198	355	4,914	478	1,214	431	1,219	418	1,106	220	1,160	345	11,196	991
Advances and contributions in aid of construction
6,432	6,508	8,511	6,711	6,044	4,982	5,245	3,622	4,763	6,405	4,652	6,337	3,975	3,262	6,723	3,855	7,608	5,285	3,820	5,144	1,777	3,549	2,830	3,756	2,194	2,986	2,571	3,090	1,916	1,475	2,731	1,604	1,156	991	1,179	2,193	2,868	2,055	1,638	788	832
Common stock issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	235	0	4,853	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt, net of debt issuance costs of $1,796 for 2019, $617 for 2018, $0 for 2017
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-216	50,039	99,293	0	0	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,204	66	98	7,805
Refunds of advances for construction
2,157	2,006	2,005	1,765	1,790	1,835	1,964	1,580	1,918	2,062	1,886	2,194	2,236	1,691	1,722	1,860	1,612	1,676	1,734	1,742	1,574	1,783	1,655	1,668	1,535	1,692	1,718	1,891	1,621	1,765	1,797	1,861	1,974	1,766	1,431	1,814	1,194	1,501	1,669	1,470	1,548
Repurchase of common stock
1,373	142	152	129	2,074	149	132	125	1,239	146	123	117	1,119	107	89	82	466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
6,511	19,145	449	375	454	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	110,688	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
10,315	9,516	9,507	9,507	9,493	9,014	9,012	9,014	9,003	8,643	8,642	8,644	8,634	8,274	8,275	8,274	8,258	8,019	8,020	8,020	8,007	7,768	7,768	7,769	7,758	7,638	7,638	7,638	6,705	6,602	6,598	6,601	6,586	6,429	6,419	6,420	6,406	6,197	6,189	6,189	6,178
Net cash provided by financing activities
158,901	29,824	-12,987	32,995	52,915	-20,049	43,285	40,863	-17,621	51,522	-1,389	53,261	24,700	29,059	-21,765	31,814	47,942	-12,580	2,545	10,666	21,908	7,794	-26,534	7,816	9,641	-15,257	-24,825	-73,049	102,870	16,995	-33,242	29,036	-4,185	-1,100	1,001	-3,137	158	58,994	-4,580	18,081	7,020
Change in cash, cash equivalents, and restricted cash
97,698	-8,525	-3,257	-5,810	13,175	-19,325	32,827	-1,068	-60,019	65,837	-681	17,451	-13,242	4,075	-9,475	-52	22,041	-41,988	26,310	-8,796	13,724	-9,898	-221	7,962	-5,762	-21,341	10,179	-89,009	88,887	21,819	-3,845	4,802	-11,189	-19,509	13,830	-7,987	-1,408	32,539	4,092	-5,706	1,486
Supplemental information:
Cash paid (received) during the year for:
Cash paid for interest (net of amounts capitalized)
909	18,920	1,027	17,681	3,352	15,985	2,612	16,093	1,251	14,936	1,355	14,938	994	14,149	317	13,091	481	11,727	954	11,915	749	7,620	1,070	12,195	837	13,030	758	13,322	1,061	13,399	578	12,860	283	12,776	1,239	11,905	1,078	13,138	-29	10,410	906
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,747	23	22	23
Supplemental disclosure of non-cash activities:
Accrued payables for investments in utility plant
38,018	9,118	212	1,727	29,737	6,479	1,632	2,329	28,367	9,267	3,256	4,303	24,191	383	1,370	2,493	22,904	-3,310	2,966	7,516	14,374	-687	4,064	1,554	10,690	-1,807	2,247	2,533	6,959	1,394	656	-3,521	12,519	1,262	1,132	1,193	5,421	-	-	-	-
Utility plant contribution by developers
8,007	-7,667	12,863	6,981	4,111	5,802	6,154	4,135	4,518	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-