SJW GROUP SJW Income Statement

Sjw group (SJW)

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	Sep'10	Jun'10
Revenues
458,554	420,482	393,362	404,218	400,339	397,699	392,510	392,235	395,222	389,225	375,002	362,768	347,639	339,706	348,013	318,624	304,082	305,082	286,755	329,230	327,184	319,668	317,644	277,452	281,326	276,869	272,056	269,192	260,537	261,547	261,436	252,976	246,408	238,955	246,964	227,178	0	0	0
OPERATING EXPENSE:
Purchased water
101,390	99,118	100,331	98,293	95,624	97,378	92,191	89,479	87,948	86,456	87,046	84,894	77,198	72,971	66,581	59,985	61,502	61,089	57,363	50,894	46,834	47,280	50,988	56,464	62,836	63,225	61,503	63,179	62,648	66,106	69,166	65,580	60,478	54,317	55,853	48,006	0	0	0
Power
9,008	7,443	6,353	5,941	6,072	6,180	6,578	7,196	7,276	7,295	6,601	6,242	6,152	6,102	5,913	6,272	6,186	6,121	7,500	8,453	9,548	9,865	9,448	9,069	8,223	7,619	7,090	6,290	5,816	5,796	5,470	5,175	5,245	5,394	6,488	6,093	0	0	0
Groundwater extraction charges
52,082	43,917	41,574	43,282	44,101	46,770	48,060	48,926	49,939	47,817	40,559	35,670	33,050	32,088	34,814	31,867	29,752	31,240	33,481	42,847	52,166	53,678	52,920	48,776	42,785	37,927	34,140	29,670	25,584	23,940	20,422	19,574	19,435	20,997	26,368	24,782	0	0	0
Other production expenses
30,285	25,291	20,277	19,818	19,285	18,398	18,179	17,559	16,924	16,571	16,721	15,816	15,097	14,470	12,898	12,620	12,413	12,178	12,088	12,128	12,064	11,929	12,334	12,341	12,222	12,073	11,609	11,443	11,402	11,445	11,414	11,530	11,509	11,345	11,168	10,706	0	0	0
Total production expenses
192,765	175,769	168,535	167,334	165,082	168,726	165,008	163,160	162,087	158,139	150,927	142,622	131,497	125,631	120,206	110,744	109,853	110,628	110,432	114,322	120,612	122,752	125,690	126,650	126,066	120,844	114,342	110,582	105,450	107,287	106,472	101,859	96,667	92,053	99,877	89,587	0	0	0
Administrative and general
75,272	66,301	53,066	51,106	49,656	48,933	50,305	49,502	49,359	48,940	40,752	41,252	40,973	41,529	47,960	47,612	47,540	47,131	45,900	44,373	42,419	40,573	40,963	41,095	41,670	43,714	43,030	43,097	43,758	42,812	42,027	41,136	40,048	39,136	39,410	38,167	0	0	0
Maintenance
22,266	20,505	18,355	18,412	18,279	18,414	19,405	19,032	18,923	18,361	19,271	18,881	18,448	18,361	15,851	15,609	15,399	14,956	14,839	14,839	14,568	14,474	14,412	13,762	13,622	13,548	13,775	13,861	13,561	13,350	12,939	12,859	13,202	13,261	12,750	12,708	0	0	0
Property taxes and other non-income taxes
22,403	19,068	15,684	15,635	15,237	14,975	14,714	14,152	13,813	13,642	13,268	13,027	12,600	12,123	11,904	11,584	11,790	11,667	11,713	11,692	11,377	11,086	10,799	10,613	10,572	10,317	10,221	9,932	9,817	9,703	9,565	9,565	9,269	8,921	8,663	8,326	0	0	0
Depreciation and amortization
71,829	65,592	59,048	57,608	56,163	54,601	52,996	51,379	49,756	48,292	47,353	46,407	45,561	44,625	43,680	42,749	41,764	40,740	40,007	39,286	38,579	37,905	37,140	36,460	35,708	35,039	34,522	34,023	33,606	33,098	32,726	32,241	31,707	31,193	30,471	29,738	0	0	0
Merger related expenses
13,521	15,768	9,729	16,434	17,405	18,610	14,994	6,552	3,806	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utilities Operating Expense
398,056	363,003	324,417	326,529	321,822	324,259	317,422	303,777	297,744	287,374	271,571	262,189	249,079	242,269	239,601	228,298	226,346	225,122	222,891	224,512	227,555	226,790	229,004	228,580	227,638	223,462	215,890	211,495	206,192	206,250	203,729	197,660	190,893	184,564	191,171	178,526	0	0	0
Operating Income (Loss)
60,498	57,479	68,945	77,689	78,517	73,440	75,088	88,458	97,478	101,851	103,431	100,579	98,560	97,437	108,412	90,326	77,736	79,960	63,864	104,718	99,629	92,878	88,640	48,872	53,688	53,407	56,166	57,697	54,345	55,297	57,707	55,316	55,515	54,391	55,793	48,652	0	0	0
OTHER (EXPENSE) INCOME:
Interest on long-term debt and other interest expense
39,289	31,796	25,212	24,701	24,071	24,332	23,788	23,252	22,924	22,929	24,153	23,605	22,856	21,838	20,126	20,333	20,625	20,925	21,116	20,966	20,220	19,423	18,767	18,439	18,564	18,667	18,685	18,646	18,627	18,662	18,646	18,647	18,223	17,799	17,341	16,293	0	0	0
Pension non-service cost
2,282	3,158	3,338	3,006	2,694	2,356	2,683	3,047	3,484	3,772	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on California Water Service Group stock
-	-	0	0	-	-527	-527	-527	-667	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on money market fund
-	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of California Water Service Group stock
-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	0	-
Mortgage and other interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,604	1,487	1,344	1,261	1,237	1,268	1,350	1,365	1,389	1,329	1,206	1,255	1,299	1,392	1,505	1,523	1,684	1,740	1,796	1,876	1,844	1,977	0	0	0
(Loss) gain on sale of utility property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on sale of real estate investments
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	0	0	-	1,063	1,063	1,973	1,973	910	910	0	0	-	0	-	-	-	-
Interest Income, Money Market Deposits
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	140	176	174	172	171	169	189	208	228	247	246	246	245	245	243	241	239	238	238	418	686	0	0	0
Other, net
2,478	2,111	1,656	1,891	2,053	2,339	2,398	2,219	2,154	1,941	2,054	2,105	1,641	1,487	1,268	1,256	1,336	1,320	2,132	1,791	2,000	1,927	1,127	1,424	1,574	1,725	2,384	2,195	1,768	1,595	646	631	575	490	514	514	0	0	0
Income before income taxes
27,018	32,081	49,212	57,060	56,045	48,832	63,178	76,350	91,959	96,493	92,574	90,982	86,120	86,381	91,385	74,985	59,165	61,154	45,701	84,727	82,799	76,777	72,390	33,046	35,739	36,519	39,875	42,072	38,199	37,860	39,174	35,799	36,309	35,444	42,006	36,048	0	0	0
Income Tax Expense (Benefit)
6,847	8,454	11,276	12,814	12,690	10,065	15,929	25,349	33,245	35,393	35,052	34,041	32,988	33,542	36,081	29,106	22,600	23,272	18,323	28,517	27,204	24,971	21,595	11,667	13,766	14,135	16,244	17,307	15,673	15,542	16,178	14,672	14,932	14,566	16,943	14,684	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net income attributable to the noncontrolling interest
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
19,947	23,403	37,712	44,022	43,355	38,767	47,249	51,001	56,818	59,204	55,626	55,045	53,132	52,839	55,304	45,879	36,565	37,882	27,378	56,210	55,595	51,806	50,795	21,379	21,973	22,384	23,631	24,765	22,526	22,318	22,996	21,127	21,377	20,878	25,063	21,364	0	0	0
Other comprehensive income, net of tax:
Unrealized income (loss) on investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Less: income taxes related to other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax
0	-	-	-	0	-	-	-	-	679	359	110	541	955	1,024	1,081	339	-206	-49	-208	88	301	595	1,051	921	1,077	397	253	401	36	214	-54	-85	-85	-2,091	-3,104	0	0	0
Reclassification adjustment for gain realized on investment, net of taxes of $1,198 in 2016
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
SJW GROUP COMPREHENSIVE INCOME
19,938	23,529	37,712	44,022	43,355	38,767	47,676	51,508	57,381	59,883	55,985	55,155	51,931	52,052	54,586	45,218	36,904	37,676	27,329	56,002	54,512	50,936	50,219	21,259	22,894	23,461	24,028	25,018	22,927	22,354	23,210	21,073	21,292	20,793	22,972	18,260	0	0	0
SJW GROUP EARNINGS PER SHARE
Basic (usd per share)
0.08	-0.20	0.33	0.48	0.21	0.37	0.77	0.63	0.06	0.85	0.95	0.91	0.18	0.67	0.93	0.82	0.17	0.79	0.47	0.37	0.23	0.28	1.90	0.34	0.04	0.25	0.44	0.37	0.07	0.32	0.54	0.28	0.06	0.36	0.44	0.29	0.03	0.58	0.24
Diluted (usd per share)
0.08	-0.19	0.33	0.47	0.21	0.38	0.76	0.62	0.06	0.84	0.94	0.90	0.18	0.67	0.92	0.82	0.16	0.80	0.46	0.36	0.23	0.28	1.88	0.34	0.04	0.24	0.44	0.37	0.07	0.31	0.53	0.28	0.06	0.35	0.44	0.29	0.03	0.58	0.24
DIVIDENDS PER SHARE
0.32	-	0.30	0.30	0.30	-	0.28	0.28	0.28	-	0.22	0.22	0.22	-	0.20	0.20	0.20	-	0.20	0.20	0.20	-	0.19	0.19	0.19	-	0.18	0.18	0.18	-	0.18	0.18	0.18	-	0.17	0.17	0.17	0.17	0.17
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (shares)
28,489	28,456	28,451	28,440	28,423	23,077	20,626	20,592	20,561	20,521	20,516	20,504	20,485	20,456	20,451	20,437	20,413	20,382	20,375	20,357	20,326	20,268	20,231	20,214	20,194	20,184	20,151	20,072	18,689	18,654	18,647	18,626	18,611	18,592	18,586	18,577	18,570	18,537	18,528,497
Diluted (shares)
28,674	28,666	28,549	28,526	28,507	23,164	20,732	20,732	20,701	20,714	20,697	20,673	20,655	20,613	20,602	20,578	20,560	20,549	20,531	20,501	20,480	20,459	20,424	20,398	20,385	20,382	20,346	20,266	18,888	18,857	18,854	18,824	18,821	18,813	18,802	18,784	18,775	18,752	18,740,662