XML 44 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment
The major components of depreciable plant and equipment as of December 31, 2023 and 2022 are as follows:
20232022
Source of supply
$207,537 191,082 
Pumping plant
284,308 269,246 
Water treatment plant
354,617 327,492 
Transmission and distribution plant2,820,358 2,615,640 
General plant
301,091 257,825 
Total depreciable plant and equipment$3,967,911 3,661,285 
Depreciation is computed using the straight-line method over the estimated remaining service lives of groups of assets. The estimated service lives of depreciable plant and equipment are as follows:
 Useful Lives
Source of supply
20 to 100 years
Pumping plant
5 to 70 years
Water treatment plant
5 to 50 years
Transmission and distribution plant
10 to 100 years
General plant
4 to 61 years
Schedule of Real Estate Investments
The major components of nonutility properties and real estate investments are as follows as of December 31:
20232022
Land$4,137 12,615 
Wholesale water supply assets
8,465 — 
Buildings and improvements748 45,418 
Subtotal13,350 58,033 
Less: accumulated depreciation and amortization194 17,158 
Total$13,156 40,875 
The following represents the major components of the Tennessee warehouse building and land property recorded in assets held-for-sale on the Consolidated Balance Sheets as of December 31, 2023:
2023
Land$13,170 
Buildings and improvements44,950 
Subtotal58,120 
Less: accumulated depreciation and amortization17,270 
Total$40,850 
Schedule of Future Minimum Rental Payments to be Received
The following schedule shows the future minimum rental payments to be received from third parties under operating leases that have remaining noncancelable lease terms in excess of one year as of December 31, 2023:
Year ending December 31:Rental Revenue
2024$4,758 
20255,063 
20265,290 
20273,990 
20281,679 
Thereafter— 
Schedule of Estimated Refunds of Advances for Construction and Contributions in Aid of Construction Estimated refunds for the next five years and thereafter are shown below:
 Estimated Refunds
2024$3,034 
20252,970 
20262,878 
20272,793 
20282,726 
Thereafter46,574 
Schedule of Asset Retirement Obligations
As of December 31, 2023 and 2022, the asset retirement obligation is as follows:
20232022
Estimated future retirement costs $4,198 4,426 
Discount rate6 %6 %
Retirement obligation, present value$862 920 
Schedule of Disaggregation of Revenue
Detail of SJW Group’s revenue is as follows for the years ended December 31:
 202320222021
Revenue from contracts with customers$678,168 586,918 559,568 
Alternative revenue programs, net3,634 (1,312)5,304 
Other balancing and memorandum accounts and regulatory mechanisms, net
(17,123)29,487 3,435 
Rental income5,684 5,605 5,379 
$670,363 620,698 573,686