XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.22.4

Taxes on Income (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of significant components of the deferred tax assets and liabilities from continuing operations | The significant components of the deferred tax assets and liabilities as reflected in the balance sheets at December 31, 2022 and 2021 are:
|  | AWR |  | GSWC
|  | December 31, |  | December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Deferred tax assets: |  |  |  |  |  |  |  |
Regulatory-liability-related (1) |  | $ | 31,330 |  |  | $ | 32,220 |  |  | $ | 29,623 |  |  | $ | 30,410 |
Contributions and advances |  | 6,544 |  |  | 6,850 |  |  | 6,896 |  |  | 7,227 |
Other |  | 7,424 |  |  | 5,324 |  |  | 7,874 |  |  | 5,689 |
Total deferred tax assets |  | $ | 45,298 |  |  | $ | 44,394 |  |  | $ | 44,393 |  |  | $ | 43,326 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  | $ | (155,955) |  |  | $ | (150,290) |  |  | $ | (150,133) |  |  | $ | (144,719) |
Regulatory-asset-related: depreciation and other |  | (30,226) |  |  | (25,914) |  |  | (28,489) |  |  | (24,858) |
Balancing and memorandum accounts (non-flow-through) |  | (8,794) |  |  | (8,480) |  |  | (4,559) |  |  | (6,063) |
Total deferred tax liabilities |  | (194,975) |  |  | (184,684) |  |  | (183,181) |  |  | (175,640) |
Accumulated deferred income taxes, net |  | $ | (149,677) |  |  | $ | (140,290) |  |  | $ | (138,788) |  |  | $ | (132,314) |
Schedule of current and deferred components of income tax expense from continuing operations | The current and deferred components of income tax expense are as follows:
|  | AWR
|  | Year Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Current |  |  |  |  |  |
Federal |  | $ | 14,845 |  |  | $ | 19,592 |  |  | $ | 19,240 |
State |  | 6,016 |  |  | 7,270 |  |  | 6,714 |
Total current tax expense |  | $ | 20,861 |  |  | $ | 26,862 |  |  | $ | 25,954 |
Deferred |  |  |  |  |  |
Federal |  | $ | 2,991 |  |  | $ | 2,802 |  |  | $ | 1,814 |
State |  | (188) |  |  | 759 |  |  | 429 |
Total deferred tax (benefit) expense |  | 2,803 |  |  | 3,561 |  |  | 2,243 |
Total income tax expense |  | $ | 23,664 |  |  | $ | 30,423 |  |  | $ | 28,197 |
|  | GSWC
|  | Year Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Current |  |  |  |  |  |
Federal |  | $ | 10,582 |  |  | $ | 13,698 |  |  | $ | 14,674 |
State |  | 4,909 |  |  | 6,089 |  |  | 5,849 |
Total current tax expense |  | $ | 15,491 |  |  | $ | 19,787 |  |  | $ | 20,523 |
Deferred |  |  |  |  |  |
Federal |  | $ | 1,507 |  |  | $ | 2,251 |  |  | $ | 949 |
State |  | (652) |  |  | 57 |  |  | 232 |
Total deferred tax (benefit) expense |  | 855 |  |  | 2,308 |  |  | 1,181 |
Total income tax expense |  | $ | 16,346 |  |  | $ | 22,095 |  |  | $ | 21,704 |
Schedule of reconciliations of the effective tax rates to the federal statutory rate | :
|  | AWR
|  | Year Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Federal taxes on pretax income at statutory rate |  | $ | 21,433 |  |  | $ | 26,202 |  |  | $ | 24,071 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |
State income tax, net of federal benefit |  | 4,335 |  |  | 6,425 |  |  | 5,764 |
Excess deferred tax amortization |  | (1,311) |  |  | (1,356) |  |  | (1,550) |
Flow-through on fixed assets |  | 1,076 |  |  | 1,069 |  |  | 1,056 |
Flow-through on removal costs |  | (1,802) |  |  | (1,962) |  |  | (1,031) |
Investment tax credit |  | (71) |  |  | (71) |  |  | (71) |
Other – net |  | 4 |  |  | 116 |  |  | (42) |
Total income tax expense from operations |  | $ | 23,664 |  |  | $ | 30,423 |  |  | $ | 28,197 |
Pretax income from operations |  | $ | 102,060 |  |  | $ | 124,770 |  |  | $ | 114,622 |
Effective income tax rate |  | 23.2 | % |  | 24.4 | % |  | 24.6 | %
|  | GSWC
|  | Year Ended December 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Federal taxes on pretax income at statutory rate |  | $ | 14,724 |  |  | $ | 19,175 |  |  | $ | 18,202 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |
State income tax, net of federal benefit |  | 3,119 |  |  | 4,923 |  |  | 4,920 |
Excess deferred tax amortization |  | (1,130) |  |  | (1,184) |  |  | (1,477) |
Flow-through on fixed assets |  | 1,010 |  |  | 1,008 |  |  | 1,042 |
Flow-through on removal costs |  | (1,715) |  |  | (1,954) |  |  | (1,026) |
Investment tax credit |  | (71) |  |  | (71) |  |  | (71) |
Other – net |  | 409 |  |  | 198 |  |  | 114 |
Total income tax expense from operations |  | $ | 16,346 |  |  | $ | 22,095 |  |  | $ | 21,704 |
Pretax income from operations |  | $ | 70,116 |  |  | $ | 91,310 |  |  | $ | 86,675 |
Effective income tax rate |  | 23.3 | % |  | 24.2 | % |  | 25.0 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration