XML 26 R16.htm IDEA: XBRL DOCUMENT v3.23.2
Segment and Non-Tariffed Business Reporting
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment and Non-Tariffed Business Reporting Segment and Non-Tariffed Business Reporting
SJW Group is a holding company with five subsidiaries: (i) SJWC, a water utility operation with both regulated and non-tariffed businesses, (ii) Texas Water, a regulated water and non-tariffed wastewater 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, (iv) SJWNE LLC, a holding company for CTWS and its subsidiaries, Connecticut Water, Maine Water, NEWUS and Chester Realty, Inc., and (v) SJWTX Holdings, Inc. which was formed for the purpose of effecting a corporate reorganization of the water utility operations in Texas. 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 first segment provides water utility and utility-related services to its customers through SJW Group’s subsidiaries, SJWC, Connecticut Water, Texas Water, Maine Water, and NEWUS together referred to as “Water Utility Services”. The second segment consists of property management and investment activity conducted by SJW Land Company and Chester Realty, Inc., referred to as “Real Estate Services.”
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, such as goodwill, 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 Three Months Ended June 30, 2023
 Water Utility ServicesReal Estate ServicesAll Other (1)SJW Group
 RegulatedNon-tariffedNon-tariffedNon-tariffedRegulatedNon-tariffedTotal
Operating revenue$152,525 2,945 1,416 — 152,525 4,361 156,886 
Operating expense122,678 1,789 661 600 122,678 3,050 125,728 
Operating income (loss)29,847 1,156 755 (600)29,847 1,311 31,158 
Net income (loss)20,510 596 544 (3,364)20,510 (2,224)18,286 
Depreciation and amortization25,811 85 1 224 25,811 310 26,121 
Interest on long-term debt and other interest expense10,846 — — 5,551 10,846 5,551 16,397 
Provision (benefit) for income taxes102 320 243 (2,177)102 (1,614)(1,512)
Assets$3,605,238 4,480 43,714 58,726 3,605,238 106,920 3,712,158 
 For Three Months Ended June 30, 2022
 Water Utility ServicesReal Estate ServicesAll Other (1)SJW Group
 RegulatedNon-tariffedNon-tariffedNon-tariffedRegulatedNon-tariffedTotal
Operating revenue$144,261 3,414 1,366 — 144,261 4,780 149,041 
Operating expense119,430 1,797 915 497 119,430 3,209 122,639 
Operating income (loss)24,831 1,617 451 (497)24,831 1,571 26,402 
Net income (loss)12,765 1,768 323 (3,298)12,765 (1,207)11,558 
Depreciation and amortization24,458 165 301 283 24,458 749 25,207 
Interest on long-term debt and other interest expense9,805 — (3)4,439 9,805 4,436 14,241 
Provision (benefit) for income taxes2,721 443 110 (906)2,721 (353)2,368 
Assets$3,435,758 4,220 44,033 57,036 3,435,758 105,289 3,541,047 
 For Six Months Ended June 30, 2023
 Water Utility ServicesReal Estate ServicesAll Other (1)SJW Group
 RegulatedNon-tariffedNon-tariffedNon-tariffedRegulatedNon-tariffedTotal
Operating revenue$285,797 5,522 2,863 — 285,797 8,385 294,182 
Operating expense231,545 3,203 1,560 1,538 231,545 6,301 237,846 
Operating income (loss)54,252 2,319 1,303 (1,538)54,252 2,084 56,336 
Net income (loss)33,732 1,214 969 (6,099)33,732 (3,916)29,816 
Depreciation and amortization51,497 169 304 447 51,497 920 52,417 
Interest on long-term debt and other interest expense21,393 — — 10,776 21,393 10,776 32,169 
Provision (benefit) for income taxes2,826 643 385 (4,288)2,826 (3,260)(434)
Assets$3,605,238 4,480 43,714 58,726 3,605,238 106,920 3,712,158 
 For Six Months Ended June 30, 2022
 Water Utility ServicesReal Estate ServicesAll Other (1)SJW Group
 RegulatedNon-tariffedNon-tariffedNon-tariffedRegulatedNon-tariffedTotal
Operating revenue$264,779 5,842 2,722 — 264,779 8,564 273,343 
Operating expense220,881 5,776 1,824 1,871 220,881 9,471 230,352 
Operating income (loss)43,898 66 898 (1,871)43,898 (907)42,991 
Net income (loss)22,480 451 631 (8,267)22,480 (7,185)15,295 
Depreciation and amortization48,969 2,737 601 506 48,969 3,844 52,813 
Interest on long-term debt and other interest expense18,568 — (3)9,405 18,568 9,402 27,970 
Provision (benefit) for income taxes4,741 6 213 (1,525)4,741 (1,306)3,435 
Assets$3,435,758 4,220 44,033 57,036 3,435,758 105,289 3,541,047 
____________________
(1)    The “All Other” category for the six months ended June 30, 2023, includes the accounts of SJW Group, SJWNE LLC, CTWS and SJWTX Holdings, Inc. on a stand-alone basis. SJWTX Holdings, Inc. had no activity for the six months ended June 30, 2023. For the six months ended June 30, 2022, “All Other” category includes the accounts of SJW Group, SJWNE LLC and CTWS on a stand-alone basis.