Sjw group (SJW)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net income

2,417

-5,486

9,478

13,762

5,873

8,823

15,788

12,871

1,285

17,305

19,540

20,584

3,671

13,727

18,959

16,775

3,378

16,192

9,534

7,461

4,695

5,688

38,366

6,846

906

4,677

8,950

7,440

1,317

5,924

10,084

5,201

1,109

6,602

8,215

5,451

610

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

22,482

21,126

15,787

15,773

15,803

14,258

14,260

14,229

14,160

12,624

12,619

12,612

12,646

11,555

11,536

11,607

11,597

10,590

10,588

10,594

10,558

9,856

9,863

9,891

9,881

9,085

9,172

9,138

9,200

8,594

8,667

8,677

8,691

8,188

8,180

8,165

8,176

Deferred income taxes

-344

5,965

-4,275

-1,925

-1,014

-4,041

-3,316

-746

-1,383

-1,719

-3

-309

1,595

-11,952

6,706

9,050

999

10,920

2,535

1,710

460

7,579

18,084

291

113

1,356

6,011

4,100

100

3,503

5,277

2,841

614

5,037

7,430

718

3,273

Stock-based compensation

251

850

952

718

886

734

504

392

487

1,010

589

458

586

375

464

379

473

395

447

362

399

257

323

207

244

126

197

242

347

113

168

100

183

138

185

126

202

Unrealized loss on California Water Service Group stock

-

-

-

-

-

0

0

140

-667

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of California Water Service Group stock

-

-

-

-

-

0

191

0

-87

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,063

0

910

0

0

-

-

-

-

Loss (gain) on sale of utility property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-23

Changes in operating assets and liabilities:
Accounts receivable and accrued unbilled utility revenue

-5,498

-16,693

9,278

17,368

-6,093

-13,187

5,831

13,889

-4,530

-16,633

10,521

13,829

-6,015

-13,921

11,809

11,213

-3,724

-10,605

6,530

2,930

410

-7,362

3,513

8,407

-3,282

-9,994

1,356

12,649

-938

-13,568

5,645

9,738

-1,015

-10,286

4,986

10,978

-3,208

Accounts payable and other current liabilities

-8,755

-2,220

3,336

374

456

-1,363

2,079

630

784

673

1,490

168

557

3,159

-2,484

692

-1,704

504

954

-75

167

-868

603

834

-972

1,579

-4,214

2,172

94

-99

711

722

-401

-161

-856

1,811

-927

Accrued groundwater extraction charges, purchased water and power

-4,292

-6,202

5,124

10,654

-6,723

-9,162

4,301

6,863

-2,690

-7,314

3,474

7,830

-454

-2,851

2,981

4,945

-1,392

-4,127

2,691

1,872

697

-5,611

370

4,143

-653

-3,400

790

3,877

1,442

-5,308

651

4,082

-459

-3,129

1,916

3,281

-638

Purchased power

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

673

-46

-

-

-

-

-

-

-

-

-

-

-

-

Tax payable and receivable, and other accrued taxes

1,875

-10,515

4,512

-4,892

4,851

-6,641

6,875

3,142

2,465

-12,064

2,198

10,940

1,090

6,292

-13,113

-3,908

10,049

-9,608

1,570

-4,270

9,011

-6,974

200

-346

1,574

-3,629

2,661

-1,425

1,281

-1,806

3,346

3,149

404

-5,911

-2

8,362

-3,551

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

366

-347

Accrued payroll

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-399

944

105

Other current asset and liabilities related to balancing and memorandum accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

95

-

-

-813

813

-1,557

-2,327

-1,138

-718

5,740

0

0

0

Postretirement benefits

2,445

-6,514

572

219

1,723

-2,833

648

494

1,894

-4,124

704

736

1,915

-3,187

-10

679

2,169

-2,643

-115

352

2,289

-1,158

-334

-340

1,507

-4,185

914

908

2,490

-3,776

1,186

1,185

1,482

-2,458

711

675

1,035

Regulatory assets and liability related to balancing and memorandum accounts

10,158

-8,049

-16,552

-3,300

-2,937

1,666

6,221

951

-2,350

476

-2,528

4,948

-1,917

-10,058

-10,019

3,801

-3,021

10,639

-7,878

-2,772

-1,418

-3,604

42,224

1,518

-411

-279

1,725

803

1,008

3,550

0

0

0

-

-

-

-

Up-front service concession payment

5,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other changes, net

-1,510

-9,727

1,260

-4,694

5,692

-4,422

611

51

2,054

-2,355

1,642

-1,410

1,296

-1,372

1,567

-790

-259

-1,671

340

-3

2,117

-2,276

136

612

412

-1,215

1,227

1,205

-106

218

144

474

-1,411

-1,326

1,245

766

-367

NET CASH PROVIDED BY OPERATING ACTIVITIES

7,929

38,728

41,520

24,564

25,193

17,632

28,285

22,844

22,582

13,145

30,976

28,749

28,242

37,642

21,558

22,798

32,573

25,810

27,326

17,851

27,167

20,010

20,882

9,279

15,740

16,213

20,173

12,608

14,431

16,999

25,718

16,883

14,767

15,187

19,326

18,155

11,536

INVESTING ACTIVITIES:
Company-funded

38,314

63,205

38,790

32,755

29,575

38,220

35,662

33,130

28,961

37,796

42,496

33,176

27,745

26,321

39,954

31,299

31,560

32,886

25,229

21,644

16,253

21,591

22,100

22,997

25,158

23,217

23,819

18,304

17,380

33,727

26,939

23,325

17,467

19,093

15,057

16,167

12,122

Contributions in aid of construction

3,629

3,523

2,240

4,527

3,273

2,546

2,817

1,623

1,468

5,211

-1,627

2,612

1,646

7,327

2,473

1,816

1,470

2,362

2,249

4,304

1,847

2,779

2,829

2,857

1,625

3,325

3,649

1,933

2,698

165

2,389

958

864

2,030

3,510

1,048

723

Additions to real estate investments

255

0

0

137

0

-

-

-

-

0

-3

57

62

74

6

248

0

527

471

40

59

4

9

0

0

55

724

2,259

1,194

628

2

48

0

-9

53

93

19

Payments for business/asset acquisition and water rights

-

-

-

-

-

-

-

-

-

0

-1

49

1,101

7

3

-1

1,061

0

0

0

991

184

777

0

807

1,762

18

482

1,087

309

163

323

1,485

1,975

289

698

1,078

Payments to retire utility plant, net of salvage

271

652

1,365

1,484

1,525

120

1,002

1,653

1,134

1,033

1,605

321

397

1,943

610

413

395

527

614

214

2,318

677

299

346

229

881

644

292

878

156

674

54

38

114

-13

832

883

Proceeds from sale of utility property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

43

Proceeds from sale of real estate investments and utility property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,831

0

5,517

0

0

-

-

-

-

NET CASH USED IN INVESTING ACTIVITIES

-42,469

-902,995

-42,245

-38,158

-34,373

-40,886

-38,579

-35,815

-31,563

-18,418

-42,470

-22,035

-30,951

-35,456

-22,922

-29,265

-34,486

-36,302

-26,638

-26,202

-21,468

-25,235

-25,723

-18,863

-27,819

-29,240

-28,854

-23,270

-14,406

-34,985

-24,650

-24,708

-19,854

-23,203

-18,896

-18,838

-14,782

FINANCING ACTIVITIES:
Borrowings on line of credit

47,424

32,349

7,000

28,000

38,000

24,000

18,000

20,000

14,000

28,000

26,000

2,500

0

8,200

20,000

18,925

14,950

47,600

7,500

25,200

16,700

6,000

16,200

18,200

16,800

23,400

11,900

1,000

12,300

16,300

0

0

0

0

7,000

3,100

7,500

Repayments of line of credit

33,231

81,055

0

5,000

106,000

0

1,000

0

0

16,000

13,000

2,500

14,200

57,900

12,025

2,500

10,050

34,200

6,500

16,700

18,200

1,000

60,000

3,200

2,200

8,000

4,900

23,100

5,500

1,000

0

0

0

-

-

-

-

Long-term borrowings

35,000

510,000

0

0

80,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

1,171

-

-

-

0

-

-

-

-

0

0

2,685

32

11,456

258

4,733

152

198

121

167

147

189

115

160

138

181

108

175

4,975

199

3,037

219

241

169

189

193

543

Debt issuance and broker fee costs

0

3,761

310

625

222

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

87

Dividends paid

9,118

8,538

8,536

8,531

8,529

5,777

5,777

5,766

5,754

7,952

4,464

4,460

4,456

4,140

4,145

4,139

4,135

3,975

3,974

3,970

3,966

3,804

3,794

3,791

3,788

3,679

3,678

3,674

3,412

3,311

3,310

3,305

3,305

3,207

3,207

3,204

3,205

Receipts of advances and contributions in aid of construction

6,416

5,531

5,537

3,001

4,835

1,922

4,408

2,412

2,148

2,095

1,434

5,128

3,924

2,334

3,282

3,595

5,155

1,750

3,719

4,381

2,416

968

2,660

2,044

1,897

1,060

4,885

3,108

1,240

2,296

2,993

1,838

1,280

1,106

2,297

2,376

370

Employee stock purchase plan proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

451

-

462

0

433

1,000

433

8

476

126

512

21

345

258

326

96

309

17

285

8

254

Taxes paid related to net share settlement of restricted and deferred stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits realized from restricted and deferred stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

-

0

108

526

156

-3

29

280

1

-68

65

30

54

0

43

0

0

0

-1

8

Refunds of advances for construction

557

616

905

835

555

625

824

714

537

640

780

670

532

598

760

689

475

620

741

680

443

578

964

641

429

601

648

617

430

574

614

598

429

566

603

601

427

Other changes, net

106

-215

792

-6

592

-256

-112

-989

-1,721

-1,896

645

-3

-245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY FINANCING ACTIVITIES

44,869

457,509

3,578

15,780

8,121

430,649

14,695

14,943

8,136

5,503

9,835

-4,586

-15,541

5,501

6,509

10,293

5,366

9,460

345

8,172

-2,681

2,025

4,417

12,489

12,898

12,107

7,895

12,522

-402

13,824

-3,642

-2,178

-2,386

-8,319

-2,717

43,685

3,870

NET CHANGE IN CASH AND CASH EQUIVALENTS

10,329

-406,758

2,853

2,186

-1,059

407,395

4,401

1,972

-845

230

-1,659

2,128

-18,250

7,687

5,145

3,826

3,453

-1,032

1,033

-179

3,018

-3,200

-424

2,905

819

-920

-786

1,860

-377

-4,162

-2,574

-10,003

-7,473

-16,335

-2,287

43,002

624

Cash paid (received) during the period for:
Interest

9,373

12,317

6,489

7,028

6,304

7,333

6,465

7,198

6,042

6,871

6,001

6,338

6,044

5,638

6,381

5,573

6,370

5,416

6,313

5,431

6,474

5,395

5,100

5,485

5,066

5,408

4,991

5,414

5,073

5,449

5,118

5,496

5,143

5,495

5,170

4,456

5,186

Income taxes

-50

162

6,705

9,581

0

8,605

4,725

335

85

19,500

14,315

237

0

9,445

21,855

4,167

-7,950

6,002

4,169

5,552

-6,000

4,394

30

1,910

-10

2,001

925

1,247

13

1,961

359

-3,765

0

2,339

89

-6,208

850

Supplemental disclosure of non-cash activities:
Change in accrued payables for construction costs capitalized

-2,601

-1,021

-1,843

5,232

-2,884

-881

-436

2,447

-790

-8,541

3,256

6,351

1,634

-6,653

1,288

5,086

3,975

-1,685

3,383

1,434

4,408

-4,685

156

802

-1,254

447

-2,419

4,597

1,963

-9,460

3,133

3,295

3,387

453

-1,948

-2,159

5,625

Utility property installed by developers

3,076

3,186

0

59

-168

1,180

2

-25

590

2,849

493

138

243

4,551

1,156

110

3,797

512

39

495

-35

3,307

0

1,965

1,277

1,972

302

-1

-111

3,859

107

107

0

-

-

-

-

Reconciliation to Consolidated Balance Sheets:
Increase in real estate investments due to accrued tenant improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-204

-338

921

-

0

0

0

-

-

-

-

Accrued intangible assets and other charges related to water supply project in Texas

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-403

2,621

-

0

0

0

-

-

-

-