XML 38 R19.htm IDEA: XBRL DOCUMENT v3.20.4
Segment and Non-Tariffed Businesses Reporting
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment and Non-Tariffed Businesses Reporting Segment and Non-Tariffed Businesses Reporting
SJW Group is a holding company with four subsidiaries: (i) SJWC, a water utility operation with both regulated and non-tariffed businesses, (ii) SJWTX, Inc. which is doing business as CLWSC, a regulated water utility located in Canyon Lake, Texas, and its consolidated non-tariffed variable interest entity, Acequia Water Supply Corporation, (iii) SJW Land Company and its consolidated variable interest entity, 444 West Santa Clara Street, L.P., which operated commercial building rentals, and (iv) as of October 9, 2019, SJWNE LLC a holding company for CTWS and its subsidiaries, Connecticut Water, Maine Water, HVWC, Avon Water, NEWUS and Chester Realty, Inc. On September 30, 2020, Avon Water and HVWC merged into Connecticut Water after receiving merger approval from PURA. In accordance with FASB ASC Topic 280—“Segment Reporting,” SJW Group has determined that it has two reportable business segments. The first segment is that of providing water utility and utility-related services to its customers through SJW Group’s subsidiaries, SJWC, Connecticut Water, CLWSC, Maine Water and NEWUS, together referred to as “Water Utility Services.” The second segment is property management and investment activity conducted by SJW Land Company and Chester Realty, Inc., referred to as “Real Estate Services.”
SJW Group’s reportable segments have been determined based on information used by the chief operating decision maker. SJW Group’s chief operating decision maker includes the Chairman, President and Chief Executive Officer, and his executive staff. The executive staff reviews financial information presented on a consolidated basis that is accompanied by disaggregated information about operating revenue, net income and total assets, by subsidiary.
The following tables set forth information relating to SJW Group’s reportable segments and distribution of regulated and non-tariffed business activities within the reportable segments. Certain allocated assets, revenue and expenses have been included in the reportable segment amounts. Other business activity of SJW Group not included in the reportable segments is included in the “All Other” category.
 For the year ended December 31, 2020
 Water Utility ServicesReal
Estate
Services
All Other (1)SJW Group
 Regulated (2)Non-
tariffed
Non-
tariffed
Non-
tariffed
RegulatedNon-
tariffed
Total
Operating revenue$548,013 10,981 5,532 — 548,013 16,513 564,526 
Operating expense431,375 6,943 3,510 5,028 431,375 15,481 446,856 
Operating income (loss)116,638 4,038 2,022 (5,028)116,638 1,032 117,670 
Net income (loss)69,245 4,099 1,455 (13,284)69,245 (7,730)61,515 
Depreciation and amortization86,758 442 1,186 893 86,758 2,521 89,279 
Senior note and other interest expense33,877 — — 20,378 33,877 20,378 54,255 
Income tax expense (benefit) in net income16,563 998 467 (9,648)16,563 (8,183)8,380 
Assets3,197,626 8,869 44,405 60,565 3,197,626 113,839 3,311,465 
 For the year ended December 31, 2019
 Water Utility ServicesReal
Estate
Services
All Other (1)SJW Group
 RegulatedNon-
tariffed
Non-
tariffed
Non-
tariffed
RegulatedNon-
tariffed
Total
Operating revenue$407,116 7,969 5,397 — 407,116 13,366 420,482 
Operating expense329,520 5,443 3,751 24,289 329,520 33,483 363,003 
Operating income (loss)77,596 2,526 1,646 (24,289)77,596 (20,117)57,479 
Net income (loss)42,691 2,019 1,623 (22,930)42,691 (19,288)23,403 
Depreciation and amortization63,775 420 1,196 201 63,775 1,817 65,592 
Senior note and other interest expense25,073 — — 6,723 25,073 6,723 31,796 
Income tax expense (benefit) in net income8,382 708 486 (1,122)8,382 72 8,454 
Assets3,016,846 5,507 46,778 63,339 3,016,846 115,624 3,132,470 
 For the year ended December 31, 2018
 Water Utility ServicesReal
Estate
Services
All Other (1)SJW Group
 RegulatedNon-
tariffed
Non-
tariffed
Non-
tariffed
RegulatedNon-
tariffed
Total
Operating revenue$384,639 7,578 5,482 — 384,639 13,060 397,699 
Operating expense294,536 5,012 3,539 21,172 294,536 29,723 324,259 
Operating income (loss)90,103 2,566 1,943 (21,172)90,103 (16,663)73,440 
Net income (loss)53,181 1,848 885 (17,147)53,181 (14,414)38,767 
Depreciation and amortization53,067 338 1,196 — 53,067 1,534 54,601 
Senior note and other interest expense22,157 — — 2,175 22,157 2,175 24,332 
Income tax expense (benefit) in net income14,826 719 903 (6,383)14,826 (4,761)10,065 
Assets1,492,954 4,489 46,517 412,429 1,492,954 463,435 1,956,389 
____________________
(1)    The “All Other” category for the years ended December 31, 2020 and 2019, includes the accounts of SJW Group, SJWNE, LLC and CTWS, Inc. on a stand-alone basis. For the year ended December 31, 2018, the “All Other” category includes the accounts of SJW Group on a stand-alone basis.
(2)    As of December 31, 2020, the Company has performed an allocation of goodwill associated with the acquisition of CTWS to two reporting units, Connecticut and Maine, which are both aggregated within the Regulated Water Utility Services reportable segment.