XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

Equity | 9 Months Ended
--- | ---
Sep. 30, 2021
Equity [Abstract] |
Equity | Equity The Company sold 1,064,957 shares of common stock through its at-the-market equity program and raised proceeds of $65.4 million net of $0.7 million in commissions paid under the equity distribution agreement during the three months ended September 30, 2021. During the three months ended September 30, 2020, the Company sold 432,420 shares of common stock through its at-the-market equity program and raised proceeds of $20.1 million net of $0.2 million in commissions paid under the equity distribution agreement. The Company sold 2,185,873 shares of common stock through its at-the-market equity program and raised proceeds of $127.0 million net of $1.3 million in commissions paid under the equity distribution agreement during the nine months ended September 30, 2021. During the nine months ended September 30, 2020, the Company sold 1,225,572 shares of common stock through its at-the-market equity program and raised proceeds of $57.3 million net of $0.6 million in commissions paid under the equity distribution agreement. The Company’s changes in total equity for the nine months ended September 30, 2021 and 2020 were as follows:
| Nine months ended September 30, 2021
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Noncontrolling Interests |  | Total Equity
| Shares |  | Amount |  |  |  |
| (In thousands)
Balance at January 1, 2021 | 50,334 |  |  | $ | 503 |  |  | $ | 448,632 |  |  | $ | 472,209 |  |  | $ | — |  |  | $ | 921,344 |
Net loss |  |  |  |  |  |  | (3,032) |  |  | — |  |  | (3,032) |
Issuance of common stock | 528 |  |  | 5 |  |  | 24,481 |  |  |  |  |  |  | 24,486 |
Repurchase of common stock | (27) |  |  | — |  |  | (1,415) |  |  |  |  |  |  | (1,415) |
Dividends paid on common stock ($0.2300 per share) |  |  |  |  |  |  | (11,581) |  |  | — |  |  | (11,581) |
Balance at March 31, 2021 | 50,835 |  |  | 508 |  |  | 471,698 |  |  | 457,596 |  |  | — |  |  | 929,802 |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  | — |  |  | (149) |  |  | (149) |
Net income attributable to California Water Service Group |  |  |  |  |  |  | 38,225 |  |  | — |  |  | 38,225 |
Issuance of common stock | 702 |  |  | 7 |  |  | 40,895 |  |  |  |  |  |  | 40,902 |
Repurchase of common stock | (2) |  |  | — |  |  | (109) |  |  |  |  |  |  | (109) |
Dividends paid on common stock ($0.2300 per share) |  |  |  |  |  |  | (11,702) |  |  | — |  |  | (11,702) |
Acquisition of business with noncontrolling interest |  |  |  |  | — |  |  | — |  |  | 5,294 |  |  | 5,294 |
Balance at June 30, 2021 | 51,535 |  |  | 515 |  |  | 512,484 |  |  | 484,119 |  |  | 5,145 |  |  | 1,002,263 |
Net income attributable to noncontrolling interests |  |  |  |  |  |  | — |  |  | 70 |  |  | 70 |
Net income |  |  |  |  |  |  | 62,429 |  |  |  |  | 62,429 |
Issuance of common stock | 1,075 |  |  | 11 |  |  | 67,819 |  |  |  |  |  |  | 67,830 |
Repurchase of common stock | (2) |  |  | — |  |  | (69) |  |  |  |  |  |  | (69) |
Dividends paid on common stock ($0.2300 per share) |  |  |  |  |  |  | (11,863) |  |  |  |  | (11,863) |
Investment in business with noncontrolling interest |  |  |  |  | 526 |  |  |  | (526) |  |  | — |
Balance at September 30, 2021 | 52,608 |  |  | $ | 526 |  |  | $ | 580,760 |  |  | $ | 534,685 |  |  | $ | 4,689 |  |  | $ | 1,120,660 |
| Nine months ended September 30, 2020
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Total Equity
| Shares |  | Amount |  |  |
| (In thousands)
Balance at January 1, 2020 | 48,532 |  |  | $ | 485 |  |  | $ | 362,275 |  |  | $ | 417,146 |  |  | $ | 779,906 |
Net loss |  |  |  |  |  |  | (20,307) |  |  | (20,307) |
Issuance of common stock | 210 |  |  | 2 |  |  | 7,227 |  |  |  |  | 7,229 |
Repurchase of common stock | (28) |  |  | — |  |  | (1,373) |  |  |  |  | (1,373) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,315) |  |  | (10,315) |
Balance at March 31, 2020 | 48,714 |  |  | 487 |  |  | 368,129 |  |  | 386,524 |  |  | 755,140 |
Net income |  |  |  |  |  |  | 5,281 |  |  | 5,281 |
Issuance of common stock | 686 |  |  | 7 |  |  | 32,056 |  |  |  |  | 32,063 |
Repurchase of common stock | (2) |  |  | — |  |  | (105) |  |  |  |  | (105) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,356) |  |  | (10,356) |
Balance at June 30, 2020 | 49,398 |  |  | 494 |  |  | 400,080 |  |  | 381,449 |  |  | 782,023 |
Net income |  |  |  |  |  |  | 96,360 |  |  | 96,360 |
Issuance of common stock | 444 |  |  | 4 |  |  | 22,410 |  |  |  |  | 22,414 |
Repurchase of common stock | (2) |  |  | — |  |  | (99) |  |  |  |  | (99) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,506) |  |  | (10,506) |
Balance at September 30, 2020 | 49,840 |  |  | $ | 498 |  |  | $ | 422,391 |  |  | $ | 467,303 |  |  | $ | 890,192 |

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

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration