XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Water $ 100,799 $ 102,768 $ 265,561 $ 269,430
Electric 8,919 8,564 29,028 28,211
Contracted services 25,266 25,423 71,572 84,588
Total operating revenues 134,984 136,755 366,161 382,229
Operating Expenses        
Water purchased 20,304 24,093 58,115 60,248
Power purchased for pumping 3,878 3,584 9,182 8,590
Groundwater production assessment 5,650 5,185 14,726 14,845
Power purchased for resale 2,673 2,875 9,186 8,203
Supply cost balancing accounts 640 (2,446) (6,160) (7,959)
Other operation 9,696 9,414 28,028 26,165
Administrative and general 21,594 20,255 65,030 62,938
Depreciation and amortization 10,117 9,826 30,402 29,156
Maintenance 3,408 2,979 10,120 8,908
Property and other taxes 5,942 6,052 17,247 17,265
ASUS construction 10,742 12,154 31,263 42,910
Total operating expenses 94,644 93,971 267,139 271,269
Operating Income 40,340 42,784 99,022 110,960
Other Income and Expenses        
Interest expense (7,331) (5,553) (19,246) (17,843)
Interest income 667 333 1,387 1,136
Other, net 338 467 (2,370) 2,998
Total other income and expenses, net (6,326) (4,753) (20,229) (13,709)
Income before income tax expense 34,014 38,031 78,793 97,251
Income tax expense 8,360 9,878 19,026 23,254
Net Income $ 25,654 $ 28,153 $ 59,767 $ 73,997
Basic Earnings Per Common Share        
Weighted Average Number of Common Shares Outstanding (in shares) 36,958 36,933 36,953 36,916
Basic Earnings Per Common Share (in dollars per share) $ 0.69 $ 0.76 $ 1.61 $ 2.00
Fully Diluted Earnings Per Share        
Weighted Average Number of Diluted Shares (in shares) 37,042 37,025 37,034 37,004
Fully Diluted Earnings Per Common Share (in dollars per share) $ 0.69 $ 0.76 $ 1.61 $ 2.00
Dividends Declared Per Common Share (in dollars per share) $ 0.3975 $ 0.365 $ 1.1275 $ 1.035
GOLDEN STATE WATER COMPANY        
Operating Revenues        
Water $ 100,799 $ 102,768 $ 265,561 $ 269,430
Total operating revenues 100,799 102,768 265,561 269,430
Operating Expenses        
Water purchased 20,304 24,093 58,115 60,248
Power purchased for pumping 3,878 3,584 9,182 8,590
Groundwater production assessment 5,650 5,185 14,726 14,845
Supply cost balancing accounts 885 (2,114) (5,682) (8,445)
Other operation 7,273 7,287 20,908 19,476
Administrative and general 14,362 13,677 43,945 41,973
Depreciation and amortization 8,475 8,272 25,573 24,547
Maintenance 2,526 2,140 7,193 6,236
Property and other taxes 4,995 5,185 14,440 14,665
Total operating expenses 68,348 67,309 188,400 182,135
Operating Income 32,451 35,459 77,161 87,295
Other Income and Expenses        
Interest expense (5,950) (5,184) (16,650) (16,625)
Interest income 325 86 562 352
Other, net (70) 429 (3,070) 2,684
Total other income and expenses, net (5,695) (4,669) (19,158) (13,589)
Income before income tax expense 26,756 30,790 58,003 73,706
Income tax expense 6,831 7,993 14,623 17,718
Net Income $ 19,925 $ 22,797 $ 43,380 $ 55,988