XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues        
Water $ 80,734 $ 81,058 $ 147,138 $ 147,370
Electric 7,612 7,701 18,114 18,274
Contracted services 24,849 23,195 46,753 39,837
Total operating revenues 113,195 111,954 212,005 205,481
Operating Expenses        
Water purchased 17,937 15,835 30,043 29,634
Power purchased for pumping 2,157 2,132 3,754 3,764
Groundwater production assessment 4,931 3,968 8,306 6,668
Power purchased for resale 2,308 2,216 5,408 5,087
Supply cost balancing accounts (5,293) (2,517) (7,042) (5,932)
Other operation 8,172 6,917 14,332 13,883
Administrative and general 20,458 21,288 40,744 42,061
Depreciation and amortization 9,647 9,601 19,330 19,392
Maintenance 3,606 3,635 7,070 7,705
Property and other taxes 4,345 4,168 8,911 8,546
ASUS construction 11,412 12,937 22,896 21,666
Gain on sale of assets (8,301) 0 (8,301) 0
Total operating expenses 71,379 80,180 145,451 152,474
Operating Income 41,816 31,774 66,554 53,007
Other Income and Expenses        
Interest expense (5,926) (5,603) (11,831) (11,226)
Interest income 620 190 879 362
Other, net 589 437 1,053 618
Total other income and expenses (4,717) (4,976) (9,899) (10,246)
Income from operations before income tax expense 37,099 26,798 56,655 42,761
Income tax expense 14,307 10,056 21,162 15,869
Net Income $ 22,792 $ 16,742 $ 35,493 $ 26,892
Weighted Average Number of Common Shares Outstanding (in shares) 36,624 36,554 36,607 36,538
Basic Earnings Per Common Share (in dollars per share) $ 0.62 $ 0.46 $ 0.96 $ 0.73
Weighted Average Number of Diluted Shares (in shares) 36,825 36,752 36,799 36,730
Fully Diluted Earnings Per Common Share (in dollars per share) $ 0.62 $ 0.45 $ 0.96 $ 0.73
Dividends Paid Per Common Share (in dollars per share) $ 0.242 $ 0.2240 $ 0.484 $ 0.4480
GOLDEN STATE WATER COMPANY        
Operating Revenues        
Water $ 80,734 $ 81,058 $ 147,138 $ 147,370
Electric 7,612 7,701 18,114 18,274
Total operating revenues 88,346 88,759 165,252 165,644
Operating Expenses        
Water purchased 17,937 15,835 30,043 29,634
Power purchased for pumping 2,157 2,132 3,754 3,764
Groundwater production assessment 4,931 3,968 8,306 6,668
Power purchased for resale 2,308 2,216 5,408 5,087
Supply cost balancing accounts (5,293) (2,517) (7,042) (5,932)
Other operation 7,096 6,156 11,649 12,239
Administrative and general 16,007 16,999 31,305 33,515
Depreciation and amortization 9,394 9,347 18,832 18,877
Maintenance 3,049 3,243 5,970 6,782
Property and other taxes 3,982 3,823 8,172 7,810
Gain on sale of assets (8,301) 0 (8,301) 0
Total operating expenses 53,267 61,202 108,096 118,444
Operating Income 35,079 27,557 57,156 47,200
Other Income and Expenses        
Interest expense (5,775) (5,586) (11,532) (11,156)
Interest income 620 190 857 360
Other, net 588 231 1,053 412
Total other income and expenses (4,567) (5,165) (9,622) (10,384)
Income from operations before income tax expense 30,512 22,392 47,534 36,816
Income tax expense 12,149 8,722 18,422 14,162
Net Income $ 18,363 $ 13,670 $ 29,112 $ 22,654