Business Segments

12 Months Ended

Dec. 31, 2019

AWR has 3 reportable segments, water, electric and contracted services, whereas GSWC has 2 segments, water and electric. On a stand-alone basis, AWR has no material assets other than its equity investments in its subsidiaries and note receivables therefrom, and deferred taxes.

All activities of GSWC are geographically located within California. Activities of ASUS and the Military Utility Privatization Subsidiaries are conducted in California, Florida, Georgia, Kansas, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia. Each of the Military Utility Privatization Subsidiaries is regulated, if applicable, by the state in which the subsidiary primarily conducts water and/or wastewater operations. Fees charged for operations and maintenance and renewal and replacement services are based upon the terms of the contracts with the U.S. government which have been filed, as appropriate, with the commissions in the states in which ASUS’s subsidiaries are incorporated.

The tables below set forth information relating to GSWC’s operating segments, ASUS and the Military Utility Privatization Subsidiaries and other matters. Total assets by segment are not presented below, as certain of Registrant’s assets are not tracked by segment. The utility plant balances are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash and exclude U.S. government-funded and third-party prime funded capital expenditures for ASUS and property installed by developers and conveyed to GSWC.



	As Of And For The Year Ended December 31, 2019
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	319,830	$	39,548	$	114,491		$	—		$	473,869
Operating income (loss)	93,895		11,197		21,990			(9		)	127,073
Interest expense, net	20,304		1,228		(734		)	539			21,337
Utility Plant	1,322,062		72,680		20,963			—			1,415,705
Depreciation and amortization expense (1)	29,956		2,485		2,956			—			35,397
Income tax expense/(benefit)	17,295		2,882		5,202			(709		)	24,670
Capital additions	131,353		11,499		9,088			—			151,940



	As Of And For The Year Ended December 31, 2018
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	295,258	$	34,350	$	107,208		$	—		$	436,816
Operating income	74,342		6,220		20,414			7			100,983
Interest expense, net	18,403		1,328		(327		)	451			19,855
Utility Plant	1,218,468		62,624		15,218			—			1,296,310
Depreciation and amortization expense (1)	36,137		2,258		2,030			—			40,425
Income tax expense/(benefit)	12,391		1,212		4,939			(525		)	18,017
Capital additions	110,934		5,420		10,207			—			126,561



	As Of And For The Year Ended December 31, 2017
	GSWC						AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent			AWR
Operating revenues	$	306,332	$	33,969	$	100,302	$	—		$	440,603
Operating income (loss)	98,678		7,193		21,320		(96		)	127,095
Interest expense, net	18,909		1,380		255		248			20,792
Utility Plant	1,137,995		59,945		7,052		—			1,204,992
Depreciation and amortization expense (1)	35,706		2,146		1,179		—			39,031
Income tax expense/(benefit)	32,212		1,847		7,136		(2,221		)	38,974
Capital additions	104,546		5,941		2,639		—			113,126

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(1) Depreciation computed on GSWC’s transportation equipment is recorded in other operating expenses and totaled $316,000, $238,000 and $242,000 for the years ended December 31, 2019, 2018 and 2017, respectively.

The following table reconciles total utility plant (a key figure for rate-making) to total consolidated assets (in thousands):



	December 31,
	2019		2018
Total utility plant	$	1,415,705	$	1,296,310
Other assets	225,626		205,123
Total consolidated assets	$	1,641,331	$	1,501,433