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Condensed Consolidating Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Consolidating Balance Sheet | CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING BALANCE SHEET As of June 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Utility plant: |  |  |  |  |  |  |  |  |
Utility plant | $ | 1,318 |  |  | $ | 3,478,007 |  |  | $ | 280,115 |  |  | $ | (7,197) |  |  | $ | 3,752,243 |
Less accumulated depreciation and amortization | (1,154) |  |  | (1,127,493) |  |  | (87,999) |  |  | 2,219 |  |  | (1,214,427) |
Net utility plant | 164 |  |  | 2,350,514 |  |  | 192,116 |  |  | (4,978) |  |  | 2,537,816 |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 19,229 |  |  | 87,158 |  |  | 8,001 |  |  | — |  |  | 114,388 |
Receivables and unbilled revenue, net | — |  |  | 116,442 |  |  | 6,587 |  |  | — |  |  | 123,029 |
Receivables from affiliates | 23,391 |  |  | 831 |  |  | 143 |  |  | (24,365) |  |  | — |
Other current assets | 453 |  |  | 26,448 |  |  | 2,571 |  |  | — |  |  | 29,472 |
Total current assets | 43,073 |  |  | 230,879 |  |  | 17,302 |  |  | (24,365) |  |  | 266,889 |
Other assets: |  |  |  |  |  |  |  |  |
Regulatory assets | — |  |  | 436,197 |  |  | 4,789 |  |  | — |  |  | 440,986 |
Investments in affiliates | 811,993 |  |  | — |  |  | — |  |  | (811,993) |  |  | — |
Long-term affiliate notes receivable | 33,160 |  |  | — |  |  | — |  |  | (33,160) |  |  | — |
Other assets | 422 |  |  | 79,519 |  |  | 34,521 |  |  | (220) |  |  | 114,242 |
Total other assets | 845,575 |  |  | 515,716 |  |  | 39,310 |  |  | (845,373) |  |  | 555,228 |
TOTAL ASSETS | $ | 888,812 |  |  | $ | 3,097,109 |  |  | $ | 248,728 |  |  | $ | (874,716) |  |  | $ | 3,359,933 |
CAPITALIZATION AND LIABILITIES |  |  |  |  |  |  |  |  |
Capitalization: |  |  |  |  |  |  |  |  |
Common stockholders’ equity | $ | 782,023 |  |  | $ | 702,210 |  |  | $ | 114,972 |  |  | $ | (817,182) |  |  | $ | 782,023 |
Affiliate long-term debt | — |  |  | — |  |  | 33,160 |  |  | (33,160) |  |  | — |
Long-term debt, net | — |  |  | 784,845 |  |  | 412 |  |  | — |  |  | 785,257 |
Total capitalization | 782,023 |  |  | 1,487,055 |  |  | 148,544 |  |  | (850,342) |  |  | 1,567,280 |
Current liabilities: |  |  |  |  |  |  |  |  |
Current maturities of long-term debt, net | — |  |  | 21,753 |  |  | 119 |  |  | — |  |  | 21,872 |
Short-term borrowings | 105,100 |  |  | 270,000 |  |  | — |  |  | — |  |  | 375,100 |
Payables to affiliates | — |  |  | 409 |  |  | 23,956 |  |  | (24,365) |  |  | — |
Accounts payable | — |  |  | 122,926 |  |  | 5,290 |  |  | — |  |  | 128,216 |
Accrued expenses and other liabilities | 90 |  |  | 48,029 |  |  | 4,245 |  |  | — |  |  | 52,364 |
Total current liabilities | 105,190 |  |  | 463,117 |  |  | 33,610 |  |  | (24,365) |  |  | 577,552 |
Deferred income taxes | 1,599 |  |  | 215,464 |  |  | 6,901 |  |  | (9) |  |  | 223,955 |
Pension and postretirement benefits other than pensions | — |  |  | 261,119 |  |  | — |  |  | — |  |  | 261,119 |
Regulatory liabilities and other | — |  |  | 264,351 |  |  | 5,826 |  |  | — |  |  | 270,177 |
Advances for construction | — |  |  | 194,542 |  |  | 514 |  |  | — |  |  | 195,056 |
Contributions in aid of construction | — |  |  | 211,461 |  |  | 53,333 |  |  | — |  |  | 264,794 |
TOTAL CAPITALIZATION AND LIABILITIES | $ | 888,812 |  |  | $ | 3,097,109 |  |  | $ | 248,728 |  |  | $ | (874,716) |  |  | $ | 3,359,933 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Utility plant: |  |  |  |  |  |  |  |  |
Utility plant | $ | 1,318 |  |  | $ | 3,332,331 |  |  | $ | 224,033 |  |  | $ | (7,197) |  |  | $ | 3,550,485 |
Less accumulated depreciation and amortization | (1,107) |  |  | (1,079,627) |  |  | (65,561) |  |  | 2,180 |  |  | (1,144,115) |
Net utility plant | 211 |  |  | 2,252,704 |  |  | 158,472 |  |  | (5,017) |  |  | 2,406,370 |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 3,096 |  |  | 29,098 |  |  | 10,459 |  |  | — |  |  | 42,653 |
Receivables and unbilled revenue, net | — |  |  | 114,999 |  |  | 4,350 |  |  | — |  |  | 119,349 |
Receivables from affiliates | 25,803 |  |  | 3,621 |  |  | 209 |  |  | (29,633) |  |  | — |
Other current assets | 90 |  |  | 20,615 |  |  | 2,005 |  |  | — |  |  | 22,710 |
Total current assets | 28,989 |  |  | 168,333 |  |  | 17,023 |  |  | (29,633) |  |  | 184,712 |
Other assets: |  |  |  |  |  |  |  |  |
Regulatory assets | — |  |  | 428,639 |  |  | 4,683 |  |  | — |  |  | 433,322 |
Investments in affiliates | 777,170 |  |  | — |  |  | — |  |  | (777,170) |  |  | — |
Long-term affiliate notes receivable | 30,060 |  |  | — |  |  | — |  |  | (30,060) |  |  | — |
Other assets | 409 |  |  | 81,591 |  |  | 5,125 |  |  | (221) |  |  | 86,904 |
Total other assets | 807,639 |  |  | 510,230 |  |  | 9,808 |  |  | (807,451) |  |  | 520,226 |
TOTAL ASSETS | $ | 836,839 |  |  | $ | 2,931,267 |  |  | $ | 185,303 |  |  | $ | (842,101) |  |  | $ | 3,111,308 |
CAPITALIZATION AND LIABILITIES |  |  |  |  |  |  |  |  |
Capitalization: |  |  |  |  |  |  |  |  |
Common stockholders’ equity | $ | 779,906 |  |  | $ | 700,784 |  |  | 81,604 |  |  | $ | (782,388) |  |  | $ | 779,906 |
Affiliate long-term debt | — |  |  | — |  |  | 30,060 |  |  | (30,060) |  |  | — |
Long-term debt, net | — |  |  | 786,310 |  |  | 444 |  |  | — |  |  | 786,754 |
Total capitalization | 779,906 |  |  | 1,487,094 |  |  | 112,108 |  |  | (812,448) |  |  | 1,566,660 |
Current liabilities: |  |  |  |  |  |  |  |  |
Current maturities of long-term debt, net | — |  |  | 21,732 |  |  | 136 |  |  | — |  |  | 21,868 |
Short-term borrowings | 55,100 |  |  | 120,000 |  |  | — |  |  | — |  |  | 175,100 |
Payables to affiliates | — |  |  | 6,115 |  |  | 23,518 |  |  | (29,633) |  |  | — |
Accounts payable | — |  |  | 104,419 |  |  | 4,044 |  |  | — |  |  | 108,463 |
Accrued expenses and other liabilities | 313 |  |  | 50,569 |  |  | 2,408 |  |  | — |  |  | 53,290 |
Total current liabilities | 55,413 |  |  | 302,835 |  |  | 30,106 |  |  | (29,633) |  |  | 358,721 |
Deferred income taxes | 1,520 |  |  | 217,847 |  |  | 3,243 |  |  | (20) |  |  | 222,590 |
Pension and postretirement benefits other than pensions | — |  |  | 258,907 |  |  | — |  |  | — |  |  | 258,907 |
Regulatory and other liabilities | — |  |  | 264,434 |  |  | 7,397 |  |  | — |  |  | 271,831 |
Advances for construction | — |  |  | 190,568 |  |  | 494 |  |  | — |  |  | 191,062 |
Contributions in aid of construction | — |  |  | 209,582 |  |  | 31,955 |  |  | — |  |  | 241,537 |
TOTAL CAPITALIZATION AND LIABILITIES | $ | 836,839 |  |  | $ | 2,931,267 |  |  | $ | 185,303 |  |  | $ | (842,101) |  |  | $ | 3,111,308 |
Schedule of Condensed Consolidating Statement of Income | CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the three months ended June 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 164,282 |  |  | $ | 11,202 |  |  | $ | — |  |  | $ | 175,484 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 68,898 |  |  | 2,244 |  |  | — |  |  | 71,142 |
Administrative and general | — |  |  | 24,331 |  |  | 2,608 |  |  | — |  |  | 26,939 |
Other operations | — |  |  | 23,960 |  |  | 2,084 |  |  | (146) |  |  | 25,898 |
Maintenance | — |  |  | 6,459 |  |  | 263 |  |  | — |  |  | 6,722 |
Depreciation and amortization | 23 |  |  | 22,945 |  |  | 1,593 |  |  | (19) |  |  | 24,542 |
Income tax (benefit) expense | (110) |  |  | 289 |  |  | 245 |  |  | 198 |  |  | 622 |
Property and other taxes | — |  |  | 6,244 |  |  | 882 |  |  | — |  |  | 7,126 |
Total operating (income) expenses | (87) |  |  | 153,126 |  |  | 9,919 |  |  | 33 |  |  | 162,991 |
Net operating income | 87 |  |  | 11,156 |  |  | 1,283 |  |  | (33) |  |  | 12,493 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 544 |  |  | 3,923 |  |  | 431 |  |  | (690) |  |  | 4,208 |
Non-regulated expenses | — |  |  | (288) |  |  | (204) |  |  | — |  |  | (492) |
Other components of net periodic benefit cost | — |  |  | (1,300) |  |  | (32) |  |  | — |  |  | (1,332) |
Allowance for equity funds used during construction | — |  |  | 1,705 |  |  | — |  |  | — |  |  | 1,705 |
Income tax expense on other income and expenses | (153) |  |  | (808) |  |  | (52) |  |  | 193 |  |  | (820) |
Net other income | 391 |  |  | 3,232 |  |  | 143 |  |  | (497) |  |  | 3,269 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 371 |  |  | 11,240 |  |  | 547 |  |  | (545) |  |  | 11,613 |
Allowance for borrowed funds used during construction | — |  |  | (1,084) |  |  | (48) |  |  | — |  |  | (1,132) |
Net interest expense | 371 |  |  | 10,156 |  |  | 499 |  |  | (545) |  |  | 10,481 |
Equity earnings of subsidiaries | 5,174 |  |  | — |  |  | — |  |  | (5,174) |  |  | — |
Net income | $ | 5,281 |  |  | $ | 4,232 |  |  | $ | 927 |  |  | $ | (5,159) |  |  | $ | 5,281 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the three months ended June 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 167,450 |  |  | $ | 11,581 |  |  | $ | — |  |  | $ | 179,031 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 62,143 |  |  | 2,492 |  |  | — |  |  | 64,635 |
Administrative and general | 23 |  |  | 23,207 |  |  | 2,204 |  |  | — |  |  | 25,434 |
Other operations | — |  |  | 20,857 |  |  | 1,829 |  |  | (144) |  |  | 22,542 |
Maintenance | — |  |  | 5,423 |  |  | 269 |  |  | — |  |  | 5,692 |
Depreciation and amortization | 24 |  |  | 20,814 |  |  | 1,508 |  |  | (20) |  |  | 22,326 |
Income tax (benefit) expense | (144) |  |  | 3,792 |  |  | 455 |  |  | 218 |  |  | 4,321 |
Property and other taxes | — |  |  | 6,305 |  |  | 763 |  |  | — |  |  | 7,068 |
Total operating (income) expenses | (97) |  |  | 142,541 |  |  | 9,520 |  |  | 54 |  |  | 152,018 |
Net operating income | 97 |  |  | 24,909 |  |  | 2,061 |  |  | (54) |  |  | 27,013 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 614 |  |  | 4,881 |  |  | 394 |  |  | (759) |  |  | 5,130 |
Non-regulated expenses | — |  |  | (3,665) |  |  | (235) |  |  | — |  |  | (3,900) |
Other components of net periodic benefit cost | — |  |  | (1,164) |  |  | (28) |  |  | — |  |  | (1,192) |
Allowance for equity funds used during construction | — |  |  | 1,686 |  |  | — |  |  | — |  |  | 1,686 |
Income tax expense on other income and expenses | (171) |  |  | (486) |  |  | (43) |  |  | 213 |  |  | (487) |
Net other income | 443 |  |  | 1,252 |  |  | 88 |  |  | (546) |  |  | 1,237 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 467 |  |  | 11,708 |  |  | 617 |  |  | (614) |  |  | 12,178 |
Allowance for borrowed funds used during construction | — |  |  | (862) |  |  | (62) |  |  | — |  |  | (924) |
Net interest expense | 467 |  |  | 10,846 |  |  | 555 |  |  | (614) |  |  | 11,254 |
Equity earnings of subsidiaries | 16,923 |  |  | — |  |  | — |  |  | (16,923) |  |  | — |
Net income | $ | 16,996 |  |  | $ | 15,315 |  |  | $ | 1,594 |  |  | $ | (16,909) |  |  | $ | 16,996 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF (LOSS) INCOME For the six months ended June 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 279,674 |  |  | $ | 21,373 |  |  | $ | — |  |  | $ | 301,047 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 120,656 |  |  | 4,462 |  |  | — |  |  | 125,118 |
Administrative and general | — |  |  | 51,223 |  |  | 5,396 |  |  | — |  |  | 56,619 |
Other operations | — |  |  | 36,115 |  |  | 4,049 |  |  | (292) |  |  | 39,872 |
Maintenance | — |  |  | 13,108 |  |  | 687 |  |  | — |  |  | 13,795 |
Depreciation and amortization | 47 |  |  | 45,902 |  |  | 3,124 |  |  | (39) |  |  | 49,034 |
Income tax (benefit) expense | (228) |  |  | (3,733) |  |  | 246 |  |  | 400 |  |  | (3,315) |
Property and other taxes | — |  |  | 12,670 |  |  | 1,684 |  |  | — |  |  | 14,354 |
Total operating (income) expenses | (181) |  |  | 275,941 |  |  | 19,648 |  |  | 69 |  |  | 295,477 |
Net operating income | 181 |  |  | 3,733 |  |  | 1,725 |  |  | (69) |  |  | 5,570 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 1,099 |  |  | 7,514 |  |  | 812 |  |  | (1,390) |  |  | 8,035 |
Non-regulated expenses | — |  |  | (8,543) |  |  | (403) |  |  | — |  |  | (8,946) |
Other components of net periodic benefit cost | — |  |  | (2,701) |  |  | (61) |  |  | — |  |  | (2,762) |
Allowance for equity funds used during construction | — |  |  | 3,319 |  |  | — |  |  | — |  |  | 3,319 |
Income tax (expense) benefit on other income and expenses | (308) |  |  | 110 |  |  | (98) |  |  | 389 |  |  | 93 |
Net other income (loss) | 791 |  |  | (301) |  |  | 250 |  |  | (1,001) |  |  | (261) |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 768 |  |  | 21,640 |  |  | 1,102 |  |  | (1,099) |  |  | 22,411 |
Allowance for borrowed funds used during construction | — |  |  | (1,973) |  |  | (103) |  |  | — |  |  | (2,076) |
Net interest expense | 768 |  |  | 19,667 |  |  | 999 |  |  | (1,099) |  |  | 20,335 |
Equity loss of subsidiaries | (15,230) |  |  | — |  |  | — |  |  | 15,230 |  |  | — |
Net (loss) income | $ | (15,026) |  |  | $ | (16,235) |  |  | $ | 976 |  |  | $ | 15,259 |  |  | $ | (15,026) |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the six months ended June 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 283,524 |  |  | $ | 21,618 |  |  | $ | — |  |  | $ | 305,142 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 105,569 |  |  | 4,658 |  |  | — |  |  | 110,227 |
Administrative and general | 23 |  |  | 49,410 |  |  | 5,098 |  |  | — |  |  | 54,531 |
Other operations | — |  |  | 36,979 |  |  | 3,674 |  |  | (290) |  |  | 40,363 |
Maintenance | — |  |  | 11,646 |  |  | 501 |  |  | — |  |  | 12,147 |
Depreciation and amortization | 47 |  |  | 41,701 |  |  | 2,987 |  |  | (41) |  |  | 44,694 |
Income tax (benefit) expense | (279) |  |  | 687 |  |  | 486 |  |  | 436 |  |  | 1,330 |
Property and other taxes | — |  |  | 12,811 |  |  | 1,550 |  |  | — |  |  | 14,361 |
Total operating (income) expenses | (209) |  |  | 258,803 |  |  | 18,954 |  |  | 105 |  |  | 277,653 |
Net operating income | 209 |  |  | 24,721 |  |  | 2,664 |  |  | (105) |  |  | 27,489 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 1,227 |  |  | 9,509 |  |  | 813 |  |  | (1,518) |  |  | 10,031 |
Non-regulated expenses | — |  |  | (5,703) |  |  | (416) |  |  | — |  |  | (6,119) |
Other components of net periodic benefit cost | — |  |  | (2,393) |  |  | (58) |  |  | — |  |  | (2,451) |
Allowance for equity funds used during construction | — |  |  | 3,219 |  |  | — |  |  | — |  |  | 3,219 |
Income tax expense on other income and expenses | (343) |  |  | (1,296) |  |  | (101) |  |  | 425 |  |  | (1,315) |
Net other income | 884 |  |  | 3,336 |  |  | 238 |  |  | (1,093) |  |  | 3,365 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 926 |  |  | 22,321 |  |  | 1,233 |  |  | (1,227) |  |  | 23,253 |
Allowance for borrowed funds used during construction | — |  |  | (1,638) |  |  | (117) |  |  | — |  |  | (1,755) |
Net interest expense | 926 |  |  | 20,683 |  |  | 1,116 |  |  | (1,227) |  |  | 21,498 |
Equity earnings of subsidiaries | 9,189 |  |  | — |  |  | — |  |  | (9,189) |  |  | — |
Net income | $ | 9,356 |  |  | $ | 7,374 |  |  | $ | 1,786 |  |  | $ | (9,160) |  |  | $ | 9,356 |
Schedule of Condensed Consolidating Statement of Cash Flows | CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (15,026) |  |  | $ | (16,235) |  |  | $ | 976 |  |  | $ | 15,259 |  |  | $ | (15,026) |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity loss of subsidiaries | 15,230 |  |  | — |  |  | — |  |  | (15,230) |  |  | — |
Dividends received from affiliates | 20,671 |  |  | — |  |  | — |  |  | (20,671) |  |  | — |
Depreciation and amortization | 47 |  |  | 47,053 |  |  | 3,190 |  |  | (39) |  |  | 50,251 |
Changes in value of life insurance contracts | — |  |  | 872 |  |  | — |  |  | — |  |  | 872 |
Allowance for equity funds used during construction | — |  |  | (3,319) |  |  | — |  |  | — |  |  | (3,319) |
Changes in operating assets and liabilities | (593) |  |  | (10,083) |  |  | 137 |  |  | — |  |  | (10,539) |
Other changes in noncurrent assets and liabilities | 1,361 |  |  | (4,089) |  |  | 483 |  |  | 10 |  |  | (2,235) |
Net cash provided by operating activities | 21,690 |  |  | 14,199 |  |  | 4,786 |  |  | (20,671) |  |  | 20,004 |
Investing activities: |  |  |  |  |  |  |  |  |
Utility plant expenditures | — |  |  | (127,959) |  |  | (5,578) |  |  | — |  |  | (133,537) |
Business acquisition, net of cash acquired | — |  |  | — |  |  | (37,655) |  |  | — |  |  | (37,655) |
Investment in affiliates | (70,724) |  |  | — |  |  | — |  |  | 70,724 |  |  | — |
Changes in affiliate advances | 5,783 |  |  | 2,790 |  |  | 4 |  |  | (8,577) |  |  | — |
Issuance of affiliate short-term borrowings | (3,500) |  |  | — |  |  | — |  |  | 3,500 |  |  | — |
Issuance of affiliate long-term borrowings | (4,076) |  |  | — |  |  | — |  |  | 4,076 |  |  | — |
Reduction of affiliates long-term debt | 1,104 |  |  | — |  |  | — |  |  | (1,104) |  |  | — |
Net cash used in investing activities | (71,413) |  |  | (125,169) |  |  | (43,229) |  |  | 68,619 |  |  | (171,192) |
Financing Activities: |  |  |  |  |  |  |  |  |
Short-term borrowings | 50,000 |  |  | 220,000 |  |  | — |  |  | — |  |  | 270,000 |
Repayment of short-term borrowings | — |  |  | (70,000) |  |  | — |  |  | — |  |  | (70,000) |
Investment from affiliates | — |  |  | 37,119 |  |  | 33,605 |  |  | (70,724) |  |  | — |
Changes in affiliate advances | — |  |  | (5,706) |  |  | (2,871) |  |  | 8,577 |  |  | — |
Proceeds from affiliate short-term borrowings | — |  |  | — |  |  | 3,500 |  |  | (3,500) |  |  | — |
Proceeds from affiliate long-term borrowings | — |  |  | — |  |  | 4,076 |  |  | (4,076) |  |  | — |
Repayment of affiliates long-term borrowings | — |  |  | — |  |  | (1,104) |  |  | 1,104 |  |  | — |
Repayment of long-term debt | — |  |  | (1,244) |  |  | (49) |  |  | — |  |  | (1,293) |
Advances and contributions in aid of construction | — |  |  | 12,493 |  |  | 76 |  |  | — |  |  | 12,569 |
Refunds of advances for construction | — |  |  | (4,340) |  |  | (1) |  |  | — |  |  | (4,341) |
Repurchase of common stock | (1,479) |  |  | — |  |  | — |  |  | — |  |  | (1,479) |
Issuance of common stock | 38,006 |  |  | — |  |  | — |  |  | — |  |  | 38,006 |
Dividends paid to non-affiliates | (20,671) |  |  | — |  |  | — |  |  | — |  |  | (20,671) |
Dividends paid to affiliates | — |  |  | (19,450) |  |  | (1,221) |  |  | 20,671 |  |  | — |
Net cash provided by financing activities | 65,856 |  |  | 168,872 |  |  | 36,011 |  |  | (47,948) |  |  | 222,791 |
Change in cash, cash equivalents, and restricted cash | 16,133 |  |  | 57,902 |  |  | (2,432) |  |  | — |  |  | 71,603 |
Cash, cash equivalents, and restricted cash at beginning of period | 3,096 |  |  | 29,679 |  |  | 10,523 |  |  | — |  |  | 43,298 |
Cash, cash equivalents, and restricted cash at end of period | $ | 19,229 |  |  | $ | 87,581 |  |  | $ | 8,091 |  |  | — |  |  | $ | 114,901 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating activities: |  |  |  |  |  |  |  |  |
Net income | $ | 9,356 |  |  | $ | 7,374 |  |  | $ | 1,786 |  |  | $ | (9,160) |  |  | $ | 9,356 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity earnings of subsidiaries | (9,189) |  |  | — |  |  | — |  |  | 9,189 |  |  | — |
Dividends received from affiliates | 19,000 |  |  | — |  |  | — |  |  | (19,000) |  |  | — |
Depreciation and amortization | 47 |  |  | 42,717 |  |  | 3,021 |  |  | (41) |  |  | 45,744 |
Changes in value of life insurance contracts | — |  |  | (3,147) |  |  | — |  |  | — |  |  | (3,147) |
Allowance for equity funds used during construction | — |  |  | (3,219) |  |  | — |  |  | — |  |  | (3,219) |
Changes in operating assets and liabilities | 63 |  |  | (16,581) |  |  | (319) |  |  | — |  |  | (16,837) |
Other changes in noncurrent assets and liabilities | 3,763 |  |  | 6,289 |  |  | 1,430 |  |  | 12 |  |  | 11,494 |
Net cash provided by operating activities | 23,040 |  |  | 33,433 |  |  | 5,918 |  |  | (19,000) |  |  | 43,391 |
Investing activities: |  |  |  |  |  |  |  |  |
Utility plant expenditures | — |  |  | (116,384) |  |  | (5,552) |  |  | — |  |  | (121,936) |
Changes in affiliate advances | (1,453) |  |  | 2,856 |  |  | (165) |  |  | (1,238) |  |  | — |
Issuance of affiliate short-term borrowings | (4,300) |  |  | — |  |  | — |  |  | 4,300 |  |  | — |
Reduction of affiliates long-term debt | 848 |  |  | — |  |  | — |  |  | (848) |  |  | — |
Net cash used in investing activities | (4,905) |  |  | (113,528) |  |  | (5,717) |  |  | 2,214 |  |  | (121,936) |
Financing Activities: |  |  |  |  |  |  |  |  |
Short-term borrowings | — |  |  | 190,000 |  |  | — |  |  | — |  |  | 190,000 |
Repayment of short-term borrowings | — |  |  | (90,000) |  |  | — |  |  | — |  |  | (90,000) |
Changes in affiliate advances | (17) |  |  | 2,430 |  |  | (3,651) |  |  | 1,238 |  |  | — |
Proceeds from affiliate short-term borrowings | — |  |  | — |  |  | 4,300 |  |  | (4,300) |  |  | — |
Repayment of affiliates long-term borrowings | — |  |  | — |  |  | (848) |  |  | 848 |  |  | — |
Issuance of long-term debt, net of expenses | — |  |  | 398,442 |  |  | — |  |  | — |  |  | 398,442 |
Repayment of long-term debt | — |  |  | (401,256) |  |  | (102) |  |  | — |  |  | (401,358) |
Advances and contributions in aid for construction | — |  |  | 12,679 |  |  | 76 |  |  | — |  |  | 12,755 |
Refunds of advances for construction | — |  |  | (3,554) |  |  | (1) |  |  | — |  |  | (3,555) |
Repurchase of common stock | (2,203) |  |  | — |  |  | — |  |  | — |  |  | (2,203) |
Issuance of common stock | 829 |  |  | — |  |  | — |  |  | — |  |  | 829 |
Dividends paid to non-affiliates | (19,000) |  |  | — |  |  | — |  |  | — |  |  | (19,000) |
Dividends paid to affiliates | — |  |  | (18,348) |  |  | (652) |  |  | 19,000 |  |  | — |
Net cash (used in) provided by financing activities | (20,391) |  |  | 90,393 |  |  | (878) |  |  | 16,786 |  |  | 85,910 |
Change in cash, cash equivalents, and restricted cash | (2,256) |  |  | 10,298 |  |  | (677) |  |  | — |  |  | 7,365 |
Cash, cash equivalents, and restricted cash at beginning of period | 3,779 |  |  | 34,238 |  |  | 9,698 |  |  | — |  |  | 47,715 |
Cash, cash equivalents, and restricted cash at end of period | $ | 1,523 |  |  | $ | 44,536 |  |  | $ | 9,021 |  |  | — |  |  | $ | 55,080 |

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