XML 20 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenues    
Water $ 102,003 $ 90,265
Electric 15,002 12,205
Contracted services 31,008 32,781
Total operating revenues 148,013 135,251
Operating Expenses    
Water purchased 16,308 13,761
Power purchased for pumping 3,149 2,832
Groundwater production assessment 5,679 4,854
Power purchased for resale 6,068 4,332
Supply cost balancing accounts (1,716) (608)
Other operation 10,490 9,623
Administrative and general 26,875 25,347
Depreciation and amortization 11,582 10,722
Maintenance 4,147 3,225
Property and other taxes 6,952 6,487
ASUS construction 12,933 15,702
Utilities Operating Expense, Total 102,467 96,277
Operating Income 45,546 38,974
Other Income and Expenses    
Interest expense 12,082 12,855
Interest income 2,013 2,070
Other, net (171) 2,342
Total other income and expenses, net (10,240) (8,443)
Income before income tax expense 35,306 30,531
Income tax expense 8,462 7,396
Net Income $ 26,844 $ 23,135
Basic Earnings Per Common Share    
Weighted Average Number of Common Shares Outstanding (in shares) 38,253 37,030
Basic Earnings Per Common Share (in dollars per share) $ 0.70 $ 0.62
Fully Diluted Earnings Per Share    
Weighted Average Number of Diluted Shares (in shares) 38,354 37,107
Fully Diluted Earnings Per Common Share (in dollars per share) $ 0.70 $ 0.62
Dividends declared per common share (in dollars per share) $ 0.4655 $ 0.4300
GOLDEN STATE WATER COMPANY    
Operating Revenues    
Water $ 102,003 $ 90,265
Total operating revenues 102,003 90,265
Operating Expenses    
Water purchased 16,308 13,761
Power purchased for pumping 3,149 2,832
Groundwater production assessment 5,679 4,854
Supply cost balancing accounts 287 (17)
Other operation 6,675 6,580
Administrative and general 17,657 16,977
Depreciation and amortization 9,824 9,034
Maintenance 2,004 1,828
Property and other taxes 5,624 5,249
Utilities Operating Expense, Total 67,207 61,098
Operating Income 34,796 29,167
Other Income and Expenses    
Interest expense 9,328 9,392
Interest income 1,272 1,511
Other, net (320) 2,332
Total other income and expenses, net (8,376) (5,549)
Income before income tax expense 26,420 23,618
Income tax expense 6,514 5,824
Net Income $ 19,906 $ 17,794