CALIFORNIA WATER SERVICE GROUP CWT Income Statement

California water service group (CWT)

Income statement / 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	Mar'10	Sep'09	Jun'09
Operating revenue
714,009	714,557	705,096	693,847	689,754	698,196	701,993	692,436	688,630	676,113	655,829	628,366	609,679	609,370	596,866	596,141	588,110	588,368	587,326	594,967	608,969	597,499	593,815	587,035	583,174	584,103	571,933	565,664	554,661	559,966	541,450	532,569	520,414	501,814	504,257	481,352	468,276	460,399	494,109	464,427	0	0	0
Operations:
Purchased water
220,845	212,461	206,101	204,351	205,089	207,103	209,418	205,861	204,619	199,081	194,142	189,056	182,514	181,515	178,729	168,991	164,424	168,557	162,248	168,791	177,684	177,884	185,387	189,021	186,751	183,046	175,173	171,048	164,081	161,336	162,393	157,497	149,564	142,570	137,303	130,344	127,433	125,930	175,821	162,889	0	0	0
Administrative and general
109,200	108,617	104,896	104,610	103,559	100,781	103,613	99,869	96,899	93,326	79,472	80,567	82,520	87,601	103,078	109,971	113,242	113,110	109,740	102,768	99,927	97,373	97,651	98,556	97,915	98,055	97,923	97,178	96,190	93,927	92,166	89,887	88,274	85,758	84,260	80,408	78,334	75,276	72,802	74,394	0	0	0
Other operations
86,214	90,061	84,474	81,867	80,049	79,868	79,095	78,360	75,964	74,448	77,976	76,329	76,904	80,082	73,787	72,098	70,707	67,248	68,962	66,782	65,274	65,807	67,478	69,443	70,469	69,738	68,223	68,224	68,923	77,104	66,030	65,878	63,887	54,696	61,193	58,576	57,587	56,518	57,843	57,284	0	0	0
Maintenance
27,452	26,834	26,110	25,813	25,510	24,494	23,249	22,538	21,857	22,530	22,328	21,816	23,042	22,993	23,270	23,677	23,069	21,463	20,796	19,644	19,306	19,854	19,265	19,040	18,240	17,368	17,296	17,098	17,515	19,142	20,302	20,576	21,259	20,698	19,861	20,063	19,933	19,685	19,367	18,826	0	0	0
Depreciation and amortization
91,344	89,220	88,071	86,807	85,434	83,781	81,810	80,032	78,297	76,783	73,477	70,130	66,754	63,599	63,138	62,596	62,108	61,381	60,444	59,750	60,483	61,217	61,483	61,340	59,744	58,320	56,910	56,125	55,346	54,668	54,078	53,087	51,748	50,385	48,154	46,359	44,624	42,828	42,623	41,971	0	0	0
Income tax benefit
15,334	16,280	15,163	14,755	15,304	18,589	24,288	30,721	36,457	35,279	37,984	33,012	29,276	29,235	22,712	24,758	22,990	24,528	25,151	29,091	31,179	26,727	22,064	13,996	16,354	19,047	19,446	18,668	18,182	19,356	0	0	0	-	-	-	-	23,069	34,736	28,700	0	0	0
Property and other taxes
28,727	28,792	28,945	28,546	27,885	27,296	26,333	25,735	25,385	24,797	24,509	23,922	23,272	23,231	22,962	22,714	22,275	21,559	21,168	20,691	20,867	20,733	20,546	20,728	21,299	21,509	21,989	21,793	20,055	19,227	17,898	17,850	18,379	18,332	18,794	18,179	17,760	17,103	16,916	16,272	0	0	0
Total operating (income) expenses
621,996	615,145	599,504	592,493	588,574	587,656	590,592	585,902	582,264	569,030	548,366	533,310	522,760	526,734	527,045	524,174	518,184	517,215	514,566	513,574	520,777	515,652	516,889	515,139	513,787	510,098	498,323	491,497	481,655	486,123	471,274	468,676	456,588	434,647	432,770	414,078	404,273	398,586	420,108	400,336	0	0	0
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0
Net operating (loss) income
92,013	99,412	105,592	101,354	101,180	110,540	111,401	106,534	106,366	107,083	107,463	95,056	86,919	82,636	69,821	71,967	69,926	71,153	72,760	81,393	88,192	81,847	76,926	71,896	69,387	74,005	73,610	74,167	73,006	73,843	70,176	63,893	63,826	67,167	71,487	67,274	64,003	61,813	74,001	64,091	0	0	0
Other income and expenses:
Non-regulated revenue
18,131	19,205	18,454	19,039	18,754	18,272	19,122	17,961	16,855	15,898	16,739	16,594	16,619	16,585	15,673	16,090	15,805	15,624	15,695	16,290	16,285	17,318	16,572	15,812	15,553	14,795	15,129	15,236	16,072	16,686	16,606	16,275	15,963	16,160	16,526	16,951	16,904	15,993	16,158	15,406	0	0	0
Non-regulated expenses
20,104	13,869	16,808	17,354	19,569	22,787	19,595	17,274	12,773	9,390	9,383	9,324	10,519	11,445	12,149	14,086	14,781	14,044	13,302	13,660	12,409	14,285	13,967	11,980	12,967	11,265	11,544	11,416	11,871	11,553	10,953	14,745	14,497	15,822	16,221	11,946	12,190	12,312	12,915	11,422	0	0	0
Other components of net periodic benefit cost
5,904	5,733	6,632	6,750	8,021	9,308	9,549	9,711	9,631	9,588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
6,766	6,685	6,397	5,552	4,576	3,954	3,631	3,713	3,882	3,750	2,763	1,658	779	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Income tax benefit (expense) on other income and expenses
-350	1,391	150	175	-1,131	-2,717	-1,439	-1,164	-99	1,548	-2,228	-1,849	-1,711	-2,419	1,544	933	539	761	985	1,078	1,569	1,245	1,048	1,547	1,050	1,422	1,478	1,570	1,724	2,096	2,300	624	598	141	0	0	0	-	-	-	-	-	-
Net other (loss) income
-733	4,925	1,311	362	-3,079	-7,102	-4,289	-3,484	-905	-215	-5,695	-5,128	-4,932	-3,460	2,295	1,386	800	1,134	1,459	1,603	2,358	1,839	1,557	2,285	1,536	2,108	2,191	2,334	2,561	3,121	3,415	968	930	259	202	3,007	2,828	2,216	1,955	2,417	0	0	0
Interest expense:
Interest expense
44,614	44,891	43,242	43,838	41,794	39,917	39,422	37,831	36,776	36,288	35,555	34,756	34,111	33,466	32,838	31,554	30,181	29,185	28,441	28,461	28,477	28,483	28,743	29,209	29,935	30,897	31,580	31,917	31,935	31,537	31,383	31,366	31,606	32,455	32,105	31,056	29,934	27,936	26,867	25,871	0	0	0
Allowance for borrowed funds used during construction
3,783	3,670	3,487	3,019	2,399	2,063	1,954	2,101	2,361	2,360	2,389	2,456	2,729	2,965	2,784	2,508	2,099	1,915	2,156	1,929	1,716	1,535	1,270	1,539	1,863	2,038	2,373	2,631	3,038	3,401	5,862	4,390	2,928	2,741	3,427	3,617	3,098	1,563	-3,288	-3,444	0	0	0
Net interest expense
40,831	41,221	39,755	40,819	39,395	37,854	37,468	35,730	34,415	33,928	33,166	32,300	31,382	30,501	30,054	29,046	28,082	27,270	26,285	26,532	26,761	26,948	27,473	27,670	28,072	28,859	29,207	29,286	28,897	28,136	27,901	28,008	28,678	29,714	30,974	30,115	28,474	26,373	23,579	22,427	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
50,449	63,116	67,148	60,897	58,706	65,584	69,644	67,320	71,046	72,940	68,602	57,628	50,605	48,675	42,062	44,307	42,644	45,017	47,934	56,464	63,789	56,738	51,010	46,511	42,851	47,254	46,594	47,215	46,670	48,828	45,690	36,853	36,078	37,712	40,715	40,166	38,357	37,656	52,377	44,081	0	0	0
Loss per share:
Basic (in dollars per share)
-0.42	0.24	0.88	0.35	-0.16	0.32	0.75	0.31	-0.02	0.41	0.70	0.39	0.02	0.32	0.48	0.24	-0.02	0.18	0.52	0.21	0.03	0.24	0.70	0.36	-0.11	0.16	0.61	0.28	-0.03	0.12	0.71	0.31	0.03	0.04	0.50	0.29	0.07	0.06	0.49	0.25	0.10	0.94	0.58
Diluted (in dollars per share)
-0.42	0.24	0.88	0.35	-0.16	0.32	0.75	0.31	-0.02	0.41	0.70	0.39	0.02	0.31	0.48	0.24	-0.02	0.18	0.52	0.21	0.03	0.24	0.70	0.36	-0.11	0.16	0.61	0.28	-0.03	0.12	0.71	0.31	0.03	0.04	0.50	0.29	0.07	0.06	0.49	0.25	0.10	0.94	0.58
Weighted average shares outstanding:
Basic (in shares)
48,583	48,309	48,141	48,136	48,086	48,067	48,070	48,073	48,030	48,015	48,017	48,020	47,984	47,966	47,969	47,972	47,905	47,877	47,878	47,880	47,825	47,801	47,803	47,804	47,756	47,822	47,737	47,729	42,248	41,910	41,905	41,911	41,842	41,820	41,780	41,752	41,696	62,442	41,622	41,606	20,778	20,745	20,745
Diluted (in shares)
48,583	48,309	48,141	48,136	48,086	48,067	48,070	48,073	48,030	48,015	48,017	48,020	47,984	47,978	47,969	47,972	47,905	47,887	47,887	47,892	47,854	47,883	47,840	47,837	47,756	47,890	47,770	47,760	42,248	41,910	41,905	41,911	41,842	41,819	41,789	41,768	41,712	62,475	41,648	41,636	20,793	20,767	20,767
Dividends declared per share of common stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.15	0.15	0.15	-	0.15	0.15	0.15	-	0.14	0.14	0.29	0.29	0.29