CALIFORNIA WATER SERVICE GROUP CWT Income Statement

California water service group (CWT)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating revenue
714,557	698,196	676,113	609,370	588,368	597,499	584,103	559,966	501,814	460,399	449,372	410,312
Operations:
Purchased water
212,461	207,103	199,081	181,515	168,557	177,884	183,046	161,336	142,570	125,930	121,695	111,726
Purchased power
31,362	31,080	28,862	27,180	27,890	33,159	32,220	31,027	30,053	29,577	28,252	25,939
Pump taxes
11,518	14,664	13,924	11,298	11,479	12,898	10,795	10,336	9,130	8,600	9,537	8,899
Administrative and general
108,617	100,781	93,326	87,601	113,110	97,373	98,055	93,927	85,758	75,276	75,243	59,429
Other operations
90,061	79,868	74,448	80,082	67,248	65,807	69,738	77,104	54,696	56,518	56,577	51,196
Maintenance
26,834	24,494	22,530	22,993	21,463	19,854	17,368	19,142	20,698	19,685	18,537	18,969
Depreciation and amortization
89,220	83,781	76,783	63,599	61,381	61,217	58,320	54,668	50,385	42,828	39,778	37,339
Income tax benefit
16,280	18,589	35,279	29,235	24,528	26,727	19,047	19,356	23,025	23,069	24,812	24,507
Property and other taxes
28,792	27,296	24,797	23,231	21,559	20,733	21,509	19,227	18,332	17,103	16,822	14,839
Total operating (income) expenses
615,145	587,656	569,030	526,734	517,215	515,652	510,098	486,123	434,647	398,586	391,253	352,843
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-376
Net operating (loss) income
99,412	110,540	107,083	82,636	71,153	81,847	74,005	73,843	67,167	61,813	58,119	57,469
Other income and expenses:
Non-regulated revenue
19,205	18,272	15,898	16,585	15,624	17,318	14,795	16,686	16,160	15,993	18,190	14,230
Non-regulated expenses
13,869	22,787	9,390	11,445	14,044	14,285	11,265	11,553	15,822	12,312	12,452	15,097
Other components of net periodic benefit cost
5,733	9,308	9,588	10,873	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
6,685	3,954	3,750	0	0	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
28	50	663	-146	315	51	0	84	62	22	560	7
Income tax benefit (expense) on other income and expenses
1,391	-2,717	1,548	-2,419	761	1,245	1,422	2,096	141	1,487	2,550	-
Net other (loss) income
4,925	-7,102	-215	-3,460	1,134	1,839	2,108	3,121	259	2,216	3,748	-484
Interest expense:
Interest expense
44,891	39,917	36,288	33,466	29,185	28,483	30,897	31,537	32,455	27,936	24,394	20,591
Allowance for borrowed funds used during construction
3,670	2,063	2,360	2,965	1,915	1,535	2,038	3,401	2,741	1,563	3,081	-3,411
Net interest expense
41,221	37,854	33,928	30,501	27,270	26,948	28,859	28,136	29,714	26,373	21,313	17,180
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
Loss per share:
Basic (in dollars per share)
1.31	1.36	1.52	1.02	0.94	1.19	1.02	1.17	0.90	0.90	0.98	1.90
Diluted (in dollars per share)
1.31	1.36	1.52	1.01	0.94	1.19	1.02	1.17	0.90	0.90	0.98	1.90
Weighted average shares outstanding:
Basic (in shares)
48,168	48,060	48,009	47,953	47,865	47,791	46,384	41,892	41,762	41,612	41,490	20,710
Diluted (in shares)
48,168	48,060	48,009	47,956	47,880	47,829	46,417	41,892	41,772	41,638	41,532	20,734