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Condensed Consolidating Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Consolidating Balance Sheet | CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Utility plant: |  |  |  |  |  |  |  |  |
Utility plant | $ | 1,318 |  |  | $ | 3,559,329 |  |  | $ | 281,744 |  |  | $ | (7,197) |  |  | $ | 3,835,194 |
Less accumulated depreciation and amortization | (1,177) |  |  | (1,151,266) |  |  | (88,676) |  |  | 2,239 |  |  | (1,238,880) |
Net utility plant | 141 |  |  | 2,408,063 |  |  | 193,068 |  |  | (4,958) |  |  | 2,596,314 |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 16,679 |  |  | 85,877 |  |  | 10,756 |  |  | — |  |  | 113,312 |
Receivables and unbilled revenue, net | — |  |  | 160,479 |  |  | 8,636 |  |  | — |  |  | 169,115 |
Receivables from affiliates | 26,962 |  |  | 942 |  |  | 261 |  |  | (28,165) |  |  | — |
Other current assets | 272 |  |  | 20,933 |  |  | 2,132 |  |  | — |  |  | 23,337 |
Total current assets | 43,913 |  |  | 268,231 |  |  | 21,785 |  |  | (28,165) |  |  | 305,764 |
Other assets: |  |  |  |  |  |  |  |  |
Regulatory assets | — |  |  | 479,613 |  |  | 4,822 |  |  | — |  |  | 484,435 |
Investments in affiliates | 917,901 |  |  | — |  |  | — |  |  | (917,901) |  |  | — |
Long-term affiliate notes receivable | 32,659 |  |  | — |  |  | — |  |  | (32,659) |  |  | — |
Other assets | 2,349 |  |  | 84,154 |  |  | 33,636 |  |  | (218) |  |  | 119,921 |
Total other assets | 952,909 |  |  | 563,767 |  |  | 38,458 |  |  | (950,778) |  |  | 604,356 |
TOTAL ASSETS | $ | 996,963 |  |  | $ | 3,240,061 |  |  | $ | 253,311 |  |  | $ | (983,901) |  |  | $ | 3,506,434 |
CAPITALIZATION AND LIABILITIES |  |  |  |  |  |  |  |  |
Capitalization: |  |  |  |  |  |  |  |  |
Common stockholders’ equity | $ | 890,192 |  |  | $ | 805,444 |  |  | $ | 117,633 |  |  | $ | (923,077) |  |  | $ | 890,192 |
Affiliate long-term debt | — |  |  | — |  |  | 32,659 |  |  | (32,659) |  |  | — |
Long-term debt, net | — |  |  | 784,715 |  |  | 340 |  |  | — |  |  | 785,055 |
Total capitalization | 890,192 |  |  | 1,590,159 |  |  | 150,632 |  |  | (955,736) |  |  | 1,675,247 |
Current liabilities: |  |  |  |  |  |  |  |  |
Current maturities of long-term debt, net | — |  |  | 21,763 |  |  | 120 |  |  | — |  |  | 21,883 |
Short-term borrowings | 105,100 |  |  | 270,000 |  |  | — |  |  | — |  |  | 375,100 |
Payables to affiliates | — |  |  | 2,940 |  |  | 25,225 |  |  | (28,165) |  |  | — |
Accounts payable | — |  |  | 123,129 |  |  | 4,029 |  |  | — |  |  | 127,158 |
Accrued expenses and other liabilities | 31 |  |  | 73,913 |  |  | 5,738 |  |  | — |  |  | 79,682 |
Total current liabilities | 105,131 |  |  | 491,745 |  |  | 35,112 |  |  | (28,165) |  |  | 603,823 |
Deferred income taxes | 1,640 |  |  | 235,791 |  |  | 8,025 |  |  | — |  |  | 245,456 |
Pension and postretirement benefits other than pensions | — |  |  | 261,081 |  |  | — |  |  | — |  |  | 261,081 |
Regulatory liabilities and other | — |  |  | 251,230 |  |  | 5,824 |  |  | — |  |  | 257,054 |
Advances for construction | — |  |  | 196,324 |  |  | 529 |  |  | — |  |  | 196,853 |
Contributions in aid of construction | — |  |  | 213,731 |  |  | 53,189 |  |  | — |  |  | 266,920 |
TOTAL CAPITALIZATION AND LIABILITIES | $ | 996,963 |  |  | $ | 3,240,061 |  |  | $ | 253,311 |  |  | $ | (983,901) |  |  | $ | 3,506,434 |
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 September 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 287,820 |  |  | $ | 16,288 |  |  | $ | — |  |  | $ | 304,108 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 82,829 |  |  | 2,515 |  |  | — |  |  | 85,344 |
Administrative and general | — |  |  | 25,802 |  |  | 3,406 |  |  | — |  |  | 29,208 |
Other operations | — |  |  | 27,312 |  |  | 2,579 |  |  | (145) |  |  | 29,746 |
Maintenance | — |  |  | 6,872 |  |  | 257 |  |  | — |  |  | 7,129 |
Depreciation and amortization | 23 |  |  | 22,984 |  |  | 1,712 |  |  | (20) |  |  | 24,699 |
Income tax (benefit) expense | (113) |  |  | 12,787 |  |  | 930 |  |  | 200 |  |  | 13,804 |
Property and other taxes | — |  |  | 6,948 |  |  | 1,168 |  |  | — |  |  | 8,116 |
Total operating (income) expenses | (90) |  |  | 185,534 |  |  | 12,567 |  |  | 35 |  |  | 198,046 |
Net operating income | 90 |  |  | 102,286 |  |  | 3,721 |  |  | (35) |  |  | 106,062 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 549 |  |  | 3,588 |  |  | 492 |  |  | (695) |  |  | 3,934 |
Non-regulated expenses | — |  |  | (2,321) |  |  | (544) |  |  | — |  |  | (2,865) |
Other components of net periodic benefit cost | — |  |  | (1,016) |  |  | 8 |  |  | — |  |  | (1,008) |
Allowance for equity funds used during construction | — |  |  | 973 |  |  | — |  |  | — |  |  | 973 |
Income tax (expense) benefit on other income and expenses | (152) |  |  | (289) |  |  | 2 |  |  | 194 |  |  | (245) |
Net other income (loss) | 397 |  |  | 935 |  |  | (42) |  |  | (501) |  |  | 789 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 393 |  |  | 10,762 |  |  | 556 |  |  | (549) |  |  | 11,162 |
Allowance for borrowed funds used during construction | — |  |  | (631) |  |  | (40) |  |  | — |  |  | (671) |
Net interest expense | 393 |  |  | 10,131 |  |  | 516 |  |  | (549) |  |  | 10,491 |
Equity earnings of subsidiaries | 96,266 |  |  | — |  |  | — |  |  | (96,266) |  |  | — |
Net income | $ | 96,360 |  |  | $ | 93,090 |  |  | $ | 3,163 |  |  | $ | (96,253) |  |  | $ | 96,360 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the three months ended September 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 219,261 |  |  | $ | 13,276 |  |  | $ | — |  |  | $ | 232,537 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 78,048 |  |  | 2,520 |  |  | — |  |  | 80,568 |
Administrative and general | — |  |  | 24,498 |  |  | 2,281 |  |  | — |  |  | 26,779 |
Other operations | — |  |  | 22,872 |  |  | 1,825 |  |  | (147) |  |  | 24,550 |
Maintenance | — |  |  | 6,823 |  |  | 242 |  |  | — |  |  | 7,065 |
Depreciation and amortization | 23 |  |  | 20,770 |  |  | 1,501 |  |  | (21) |  |  | 22,273 |
Income tax (benefit) expense | (132) |  |  | 11,332 |  |  | 779 |  |  | 215 |  |  | 12,194 |
Property and other taxes | — |  |  | 6,620 |  |  | 921 |  |  | — |  |  | 7,541 |
Total operating (income) expenses | (109) |  |  | 170,963 |  |  | 10,069 |  |  | 47 |  |  | 180,970 |
Net operating income | 109 |  |  | 48,298 |  |  | 3,207 |  |  | (47) |  |  | 51,567 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 599 |  |  | 3,865 |  |  | 399 |  |  | (745) |  |  | 4,118 |
Non-regulated expenses | — |  |  | (3,907) |  |  | (444) |  |  | — |  |  | (4,351) |
Other components of net periodic benefit cost | — |  |  | (1,784) |  |  | (73) |  |  | — |  |  | (1,857) |
Allowance for equity funds used during construction | — |  |  | 1,868 |  |  | — |  |  | — |  |  | 1,868 |
Income tax (expense) benefit on other income and expenses | (168) |  |  | 268 |  |  | 22 |  |  | 208 |  |  | 330 |
Net other income (loss) | 431 |  |  | 310 |  |  | (96) |  |  | (537) |  |  | 108 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 450 |  |  | 9,820 |  |  | 608 |  |  | (599) |  |  | 10,279 |
Allowance for borrowed funds used during construction | — |  |  | (954) |  |  | (74) |  |  | — |  |  | (1,028) |
Net interest expense | 450 |  |  | 8,866 |  |  | 534 |  |  | (599) |  |  | 9,251 |
Equity earnings of subsidiaries | 42,334 |  |  | — |  |  | — |  |  | (42,334) |  |  | — |
Net income | $ | 42,424 |  |  | $ | 39,742 |  |  | $ | 2,577 |  |  | $ | (42,319) |  |  | $ | 42,424 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the nine months ended September 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 567,494 |  |  | $ | 37,661 |  |  | $ | — |  |  | $ | 605,155 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 203,485 |  |  | 6,977 |  |  | — |  |  | 210,462 |
Administrative and general | — |  |  | 77,025 |  |  | 8,802 |  |  | — |  |  | 85,827 |
Other operations | — |  |  | 63,427 |  |  | 6,628 |  |  | (437) |  |  | 69,618 |
Maintenance | — |  |  | 19,980 |  |  | 944 |  |  | — |  |  | 20,924 |
Depreciation and amortization | 70 |  |  | 68,886 |  |  | 4,836 |  |  | (59) |  |  | 73,733 |
Income tax (benefit) expense | (341) |  |  | 9,054 |  |  | 1,176 |  |  | 600 |  |  | 10,489 |
Property and other taxes | — |  |  | 19,618 |  |  | 2,852 |  |  | — |  |  | 22,470 |
Total operating (income) expenses | (271) |  |  | 461,475 |  |  | 32,215 |  |  | 104 |  |  | 493,523 |
Net operating income | 271 |  |  | 106,019 |  |  | 5,446 |  |  | (104) |  |  | 111,632 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 1,648 |  |  | 11,102 |  |  | 1,304 |  |  | (2,085) |  |  | 11,969 |
Non-regulated expenses | — |  |  | (10,864) |  |  | (947) |  |  | — |  |  | (11,811) |
Other components of net periodic benefit cost | — |  |  | (3,717) |  |  | (53) |  |  | — |  |  | (3,770) |
Allowance for equity funds used during construction | — |  |  | 4,292 |  |  | — |  |  | — |  |  | 4,292 |
Income tax expense on other income and expenses | (460) |  |  | (179) |  |  | (96) |  |  | 583 |  |  | (152) |
Net other income | 1,188 |  |  | 634 |  |  | 208 |  |  | (1,502) |  |  | 528 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 1,161 |  |  | 32,402 |  |  | 1,658 |  |  | (1,648) |  |  | 33,573 |
Allowance for borrowed funds used during construction | — |  |  | (2,604) |  |  | (143) |  |  | — |  |  | (2,747) |
Net interest expense | 1,161 |  |  | 29,798 |  |  | 1,515 |  |  | (1,648) |  |  | 30,826 |
Equity earnings of subsidiaries | 81,036 |  |  | — |  |  | — |  |  | (81,036) |  |  | — |
Net income | $ | 81,334 |  |  | $ | 76,855 |  |  | $ | 4,139 |  |  | $ | (80,994) |  |  | $ | 81,334 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF INCOME For the nine months ended September 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating revenue | $ | — |  |  | $ | 502,785 |  |  | $ | 34,894 |  |  | $ | — |  |  | $ | 537,679 |
Operating expenses: |  |  |  |  |  |  |  |  |
Operations: |  |  |  |  |  |  |  |  |
Water production costs | — |  |  | 183,617 |  |  | 7,178 |  |  | — |  |  | 190,795 |
Administrative and general | 23 |  |  | 73,908 |  |  | 7,379 |  |  | — |  |  | 81,310 |
Other operations | — |  |  | 59,851 |  |  | 5,499 |  |  | (437) |  |  | 64,913 |
Maintenance | — |  |  | 18,469 |  |  | 743 |  |  | — |  |  | 19,212 |
Depreciation and amortization | 70 |  |  | 62,471 |  |  | 4,488 |  |  | (62) |  |  | 66,967 |
Income tax (benefit) expense | (411) |  |  | 12,019 |  |  | 1,265 |  |  | 651 |  |  | 13,524 |
Property and other taxes | — |  |  | 19,431 |  |  | 2,471 |  |  | — |  |  | 21,902 |
Total operating (income) expenses | (318) |  |  | 429,766 |  |  | 29,023 |  |  | 152 |  |  | 458,623 |
Net operating income | 318 |  |  | 73,019 |  |  | 5,871 |  |  | (152) |  |  | 79,056 |
Other income and expenses: |  |  |  |  |  |  |  |  |
Non-regulated revenue | 1,826 |  |  | 13,374 |  |  | 1,212 |  |  | (2,263) |  |  | 14,149 |
Non-regulated expenses | — |  |  | (9,610) |  |  | (860) |  |  | — |  |  | (10,470) |
Other components of net periodic benefit cost | — |  |  | (4,177) |  |  | (131) |  |  | — |  |  | (4,308) |
Allowance for equity funds used during construction | — |  |  | 5,087 |  |  | — |  |  | — |  |  | 5,087 |
Income tax expense on other income and expenses | (511) |  |  | (1,028) |  |  | (79) |  |  | 633 |  |  | (985) |
Net other income | 1,315 |  |  | 3,646 |  |  | 142 |  |  | (1,630) |  |  | 3,473 |
Interest: |  |  |  |  |  |  |  |  |
Interest expense | 1,376 |  |  | 32,141 |  |  | 1,841 |  |  | (1,826) |  |  | 33,532 |
Allowance for borrowed funds used during construction | — |  |  | (2,592) |  |  | (191) |  |  | — |  |  | (2,783) |
Net interest expense | 1,376 |  |  | 29,549 |  |  | 1,650 |  |  | (1,826) |  |  | 30,749 |
Equity earnings of subsidiaries | 51,523 |  |  | — |  |  | — |  |  | (51,523) |  |  | — |
Net income | $ | 51,780 |  |  | $ | 47,116 |  |  | $ | 4,363 |  |  | $ | (51,479) |  |  | $ | 51,780 |
Schedule of Condensed Consolidating Statement of Cash Flows | CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2020 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating activities: |  |  |  |  |  |  |  |  |
Net income | $ | 81,334 |  |  | $ | 76,855 |  |  | $ | 4,139 |  |  | $ | (80,994) |  |  | $ | 81,334 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity earnings of subsidiaries | (81,036) |  |  | — |  |  | — |  |  | 81,036 |  |  | — |
Dividends received from affiliates | 31,177 |  |  | — |  |  | — |  |  | (31,177) |  |  | — |
Depreciation and amortization | 70 |  |  | 70,604 |  |  | 4,935 |  |  | (59) |  |  | 75,550 |
Changes in value of life insurance contracts | — |  |  | (621) |  |  | — |  |  | — |  |  | (621) |
Allowance for equity funds used during construction | — |  |  | (4,292) |  |  | — |  |  | — |  |  | (4,292) |
Changes in operating assets and liabilities | (463) |  |  | (17,633) |  |  | (311) |  |  | — |  |  | (18,407) |
Other changes in noncurrent assets and liabilities | 3,262 |  |  | (42,184) |  |  | 2,005 |  |  | 17 |  |  | (36,900) |
Net cash provided by operating activities | 34,344 |  |  | 82,729 |  |  | 10,768 |  |  | (31,177) |  |  | 96,664 |
Investing activities: |  |  |  |  |  |  |  |  |
Utility plant expenditures | — |  |  | (212,288) |  |  | (8,973) |  |  | — |  |  | (221,261) |
Business acquisition, net of cash acquired | (1,950) |  |  | — |  |  | (37,594) |  |  | — |  |  | (39,544) |
Investment in affiliates | (90,871) |  |  | — |  |  | — |  |  | 90,871 |  |  | — |
Changes in affiliate advances | 2,238 |  |  | 2,679 |  |  | (145) |  |  | (4,772) |  |  | — |
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 | 1,580 |  |  | — |  |  | — |  |  | (1,580) |  |  | — |
Purchase of life insurance contracts | — |  |  | (2,335) |  |  | — |  |  | — |  |  | (2,335) |
Net cash used in investing activities | (96,579) |  |  | (211,944) |  |  | (46,712) |  |  | 92,095 |  |  | (263,140) |
Financing Activities: |  |  |  |  |  |  |  |  |
Short-term borrowings | 50,000 |  |  | 220,000 |  |  | — |  |  | — |  |  | 270,000 |
Repayment of short-term borrowings | — |  |  | (70,000) |  |  | — |  |  | — |  |  | (70,000) |
Investment from affiliates | — |  |  | 57,266 |  |  | 33,605 |  |  | (90,871) |  |  | — |
Changes in affiliate advances | — |  |  | (3,175) |  |  | (1,597) |  |  | 4,772 |  |  | — |
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 | — |  |  | — |  |  | (1,580) |  |  | 1,580 |  |  | — |
Repayment of long-term debt | — |  |  | (1,415) |  |  | (120) |  |  | — |  |  | (1,535) |
Advances and contributions in aid of construction | — |  |  | 19,735 |  |  | 127 |  |  | — |  |  | 19,862 |
Refunds of advances for construction | — |  |  | (7,015) |  |  | (2) |  |  | — |  |  | (7,017) |
Repurchase of common stock | (1,578) |  |  | — |  |  | — |  |  | — |  |  | (1,578) |
Issuance of common stock | 58,573 |  |  | — |  |  | — |  |  | — |  |  | 58,573 |
Dividends paid to non-affiliates | (31,177) |  |  | — |  |  | — |  |  | — |  |  | (31,177) |
Dividends paid to affiliates | — |  |  | (29,461) |  |  | (1,716) |  |  | 31,177 |  |  | — |
Net cash provided by financing activities | 75,818 |  |  | 185,935 |  |  | 36,293 |  |  | (60,918) |  |  | 237,128 |
Change in cash, cash equivalents, and restricted cash | 13,583 |  |  | 56,720 |  |  | 349 |  |  | — |  |  | 70,652 |
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 | $ | 16,679 |  |  | $ | 86,399 |  |  | $ | 10,872 |  |  | — |  |  | $ | 113,950 |
CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2019 (In thousands)
| Parent Company |  | Cal Water |  | All Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Operating activities: |  |  |  |  |  |  |  |  |
Net income | $ | 51,780 |  |  | $ | 47,116 |  |  | $ | 4,363 |  |  | $ | (51,479) |  |  | $ | 51,780 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity earnings of subsidiaries | (51,523) |  |  | — |  |  | — |  |  | 51,523 |  |  | — |
Dividends received from affiliates | 28,507 |  |  | — |  |  | — |  |  | (28,507) |  |  | — |
Depreciation and amortization | 70 |  |  | 63,975 |  |  | 4,539 |  |  | (62) |  |  | 68,522 |
Changes in value of life insurance contracts | — |  |  | (3,433) |  |  | — |  |  | — |  |  | (3,433) |
Allowance for equity funds used during construction | — |  |  | (5,087) |  |  | — |  |  | — |  |  | (5,087) |
Changes in operating assets and liabilities | 194 |  |  | (6,744) |  |  | 1,509 |  |  | — |  |  | (5,041) |
Other changes in noncurrent assets and liabilities | 5,239 |  |  | 14,560 |  |  | 1,785 |  |  | 18 |  |  | 21,602 |
Net cash provided by operating activities | 34,267 |  |  | 110,387 |  |  | 12,196 |  |  | (28,507) |  |  | 128,343 |
Investing activities: |  |  |  |  |  |  |  |  |
Utility plant expenditures | — |  |  | (185,883) |  |  | (9,059) |  |  | — |  |  | (194,942) |
Changes in affiliate advances | (3,199) |  |  | 3,534 |  |  | (320) |  |  | (15) |  |  | — |
Issuance of affiliate short-term borrowings | (4,300) |  |  | — |  |  | — |  |  | 4,300 |  |  | — |
Reduction of affiliates long-term debt | 1,462 |  |  | — |  |  | — |  |  | (1,462) |  |  | — |
Purchase of life insurance contracts | — |  |  | (2,216) |  |  | — |  |  | — |  |  | (2,216) |
Net cash used in investing activities | (6,037) |  |  | (184,565) |  |  | (9,379) |  |  | 2,823 |  |  | (197,158) |
Financing Activities: |  |  |  |  |  |  |  |  |
Short-term borrowings | — |  |  | 210,000 |  |  | — |  |  | — |  |  | 210,000 |
Repayment of short-term borrowings | — |  |  | (120,000) |  |  | — |  |  | — |  |  | (120,000) |
Changes in affiliate advances | (17) |  |  | 4,419 |  |  | (4,417) |  |  | 15 |  |  | — |
Proceeds from affiliate short-term borrowings | — |  |  | — |  |  | 4,300 |  |  | (4,300) |  |  | — |
Repayment of affiliates long-term borrowings | — |  |  | — |  |  | (1,462) |  |  | 1,462 |  |  | — |
Issuance of long-term debt, net of expenses | — |  |  | 398,431 |  |  | — |  |  | — |  |  | 398,431 |
Repayment of long-term debt | — |  |  | (401,417) |  |  | (213) |  |  | — |  |  | (401,630) |
Advances and contributions in aid for construction | — |  |  | 21,176 |  |  | 90 |  |  | — |  |  | 21,266 |
Refunds of advances for construction | — |  |  | (5,560) |  |  | — |  |  | — |  |  | (5,560) |
Repurchase of common stock | (2,355) |  |  | — |  |  | — |  |  | — |  |  | (2,355) |
Issuance of common stock | 1,278 |  |  | — |  |  | — |  |  | — |  |  | 1,278 |
Dividends paid to non-affiliates | (28,507) |  |  | — |  |  | — |  |  | — |  |  | (28,507) |
Dividends paid to affiliates | — |  |  | (27,419) |  |  | (1,088) |  |  | 28,507 |  |  | — |
Net cash (used in) provided by financing activities | (29,601) |  |  | 79,630 |  |  | (2,790) |  |  | 25,684 |  |  | 72,923 |
Change in cash, cash equivalents, and restricted cash | (1,371) |  |  | 5,452 |  |  | 27 |  |  | — |  |  | 4,108 |
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 | $ | 2,408 |  |  | $ | 39,690 |  |  | $ | 9,725 |  |  | — |  |  | $ | 51,823 |

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