Global water resources, inc. (GWRS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
ASSETS
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment

329,331

326,303

321,027

317,635

313,857

312,148

288,363

287,564

287,160

289,051

285,623

282,084

281,428

273,366

267,692

262,023

260,660

258,244

Less accumulated depreciation

94,956

92,749

90,760

88,677

87,152

85,093

76,678

74,830

74,394

75,592

73,786

72,186

74,079

72,877

71,367

67,262

65,643

64,092

Net property, plant and equipment

234,375

233,554

230,267

228,958

226,705

227,055

211,685

212,734

212,766

213,459

211,837

209,898

207,349

200,489

196,325

194,761

195,017

194,152

CURRENT ASSETS:
Cash and cash equivalents

17,137

7,513

11,091

11,285

13,303

12,756

20,173

3,778

6,915

5,248

7,838

9,125

14,807

20,498

26,282

25,581

11,418

11,513

Accounts receivable — net

1,701

1,631

1,780

1,624

1,335

1,488

1,776

1,705

1,354

1,528

1,588

1,679

1,328

1,471

1,509

1,538

1,195

1,132

Customer payments in-transit

265

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from affiliates

0

426

519

510

384

406

489

404

463

430

494

388

-

333

-

-

-

-

Due from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

444

-

314

286

264

306

Unbilled revenue

2,116

2,048

2,323

2,333

2,006

1,998

2,011

2,135

1,799

1,759

1,886

1,954

1,631

1,619

1,892

1,848

1,803

1,745

Prepaid expenses and other current assets

747

675

589

762

782

686

1,023

769

684

700

914

1,201

796

819

1,132

880

2,048

1,179

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,805

2,840

Total current assets

21,966

12,293

16,302

16,514

17,810

17,334

25,472

8,791

11,215

9,665

12,720

14,347

19,006

24,740

31,129

30,133

19,533

18,715

OTHER ASSETS:
Goodwill

4,400

4,398

4,398

3,559

2,642

2,639

-

-

-

0

-

-

-

-

-

-

-

-

Intangible assets — net

12,554

12,554

12,554

12,968

12,972

12,972

12,772

12,772

12,772

12,772

12,772

12,772

12,772

12,772

12,772

12,772

12,772

12,772

Regulatory asset

-

-

1,735

1,800

1,800

1,800

1,900

1,900

1,871

1,871

27

54

81

110

136

163

199

227

Regulatory assets

1,700

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits Assets, Noncurrent

-

-

128

128

128

128

-

-

-

0

-

-

5

-

-

-

13

13

Restricted cash

1,723

1,582

1,046

482

442

441

502

484

499

436

440

231

230

228

263

-

-

9,042

Bond service fund and other restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

9,051

-

Equity method investment

-

-

0

0

9

79

124

185

234

345

375

475

602

480

487

503

632

821

Other noncurrent assets

22

17

20

23

1

20

40

59

37

20

-

-

-

0

-

-

-

-

Total other assets

20,393

20,266

19,881

18,914

17,968

18,072

17,052

17,114

15,413

15,444

13,614

13,532

13,690

13,590

13,658

13,504

22,667

22,875

TOTAL ASSETS

276,734

266,113

266,450

264,386

262,483

262,461

254,209

238,639

239,394

238,568

238,171

237,777

240,045

238,819

241,112

238,398

237,217

235,742

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable

674

992

726

715

316

604

366

523

1,576

321

241

845

3,039

1,791

2,653

1,001

2,450

1,322

Accrued expenses

7,403

7,546

8,689

7,300

8,083

7,465

9,269

7,482

7,832

7,252

8,827

7,903

8,462

7,602

8,101

6,961

6,699

5,137

Deferred revenue

22

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

2

5

8

1

2

4

7

11

Customer and meter deposits

1,522

1,445

1,467

1,434

1,464

1,460

1,416

1,374

1,381

1,395

1,401

1,423

1,406

1,482

1,504

1,639

1,639

1,706

Long-term debt and capital leases — current portion

119

117

87

78

75

47

46

39

29

8

8

9

7

25

138

143

-

1,994

Long-term debt  current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,031

-

Liabilities relating to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

485

493

Total current liabilities

9,740

10,100

10,969

9,527

9,938

9,576

11,097

9,418

10,818

8,976

10,479

10,185

12,922

10,901

12,398

9,748

13,311

10,663

NONCURRENT LIABILITIES:
Long-term debt and capital leases

114,629

114,664

114,593

114,582

114,594

114,507

114,509

114,472

114,444

114,363

114,355

114,349

114,280

114,317

114,464

114,486

102,553

102,417

Contract with Customer, Liability

-

-

-

-

17,835

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - ICFA

17,422

17,372

17,371

17,365

-

17,358

17,358

17,358

19,746

19,746

19,739

19,739

19,739

19,740

19,733

19,733

19,730

19,730

Regulatory liability

8,800

8,803

8,743

8,974

8,916

8,851

9,300

8,800

8,463

8,463

7,859

7,859

7,859

7,859

7,859

7,859

7,859

7,859

Advances in aid of construction

67,901

67,621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances in aid of construction

-

-

65,664

68,712

67,820

67,684

62,411

63,107

62,919

62,725

62,263

62,966

62,232

61,996

61,911

62,761

62,634

61,480

Contributions in aid of construction — net

14,384

14,520

14,449

11,863

10,598

10,670

4,300

4,339

4,376

4,425

4,433

4,457

4,506

4,585

4,674

4,321

4,368

4,426

Deferred income tax liabilities — net

5,130

4,919

5,010

4,857

4,597

4,350

4,162

3,966

3,228

3,114

3,719

2,981

2,440

2,585

2,426

1,861

-

4,164

Acquisition liability

1,773

1,773

1,773

934

934

934

934

934

934

934

934

934

934

934

934

-

-

4,688

Deferred income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,824

-

Acquisition liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

934

4,688

-

Other noncurrent liabilities

1,876

1,669

1,516

809

680

660

719

615

579

962

1,005

1,043

896

913

826

904

286

252

Total noncurrent liabilities

231,960

231,341

229,119

228,096

225,497

225,014

213,670

213,633

214,689

214,732

214,307

214,328

212,886

212,929

212,827

212,859

205,942

205,016

Total liabilities

241,700

241,441

240,088

237,623

235,435

234,590

224,767

223,051

225,507

223,708

224,786

224,513

225,808

223,830

225,225

222,607

219,253

215,679

Commitments and contingencies (Refer to Note 16)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

SHAREHOLDERS' EQUITY:
Common stock, $0.01 par value, 60,000,000 shares authorized; 22,636,420 and 21,636,420 shares issued as of March 31, 2020 and December 31, 2019, respectively.

226

216

216

216

215

215

215

197

196

196

196

196

196

196

283

196

2

2

Treasury stock, 99,039 shares at March 31, 2020 and December 31, 2019.

1

1

1

1

1

-1

-1

0

-

0

-

-

-

-

-

-

-

-

Treasury Stock, 8,726,747 and no shares at September 30, 2016 and December 31, 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

87

-

-

Paid in capital

34,809

24,457

26,147

26,548

26,834

-

25,643

12,439

12,995

14,288

15,547

16,629

18,506

18,968

20,116

21,079

19,938

21,659

Retained earnings

0

0

0

0

0

0

3,585

2,952

696

376

-2,358

-3,561

-4,465

-4,175

-4,425

-5,571

-1,976

-1,598

Total shareholders' equity

35,034

24,672

26,362

26,763

27,048

27,871

29,442

15,588

13,887

14,860

13,385

13,264

14,237

14,989

15,887

15,791

17,964

20,063

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

276,734

266,113

266,450

264,386

262,483

262,461

254,209

238,639

239,394

238,568

238,171

237,777

240,045

238,819

241,112

238,398

237,217

235,742