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AMERICAN STATES WATER CO

CIK: 1056903 SIC: 4941
$658.07M
Revenue
$130.44M
Net Income
-
Gross Margin
30.89%
Op. Margin
$-38.44M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $658.07M $658.07M $595.46M $595.70M $491.53M $498.85M $488.24M $473.87M $436.82M $440.60M $436.09M
Revenue Growth % 0.0% 10.5% -0.0% 21.2% -1.5% 2.2% 3.0% 8.5% -0.9% 1.0% nan%
Cost of Revenue - $60.61M $54.54M $57.91M $53.17M $56.91M $62.41M $55.67M $53.91M $49.84M -
+ Gross Profit - $597.47M $540.91M $537.79M $438.36M $441.94M $425.83M $418.20M $382.91M $390.76M -
Gross Margin % nan% 90.8% 90.8% 90.3% 89.2% 88.6% 87.2% 88.3% 87.7% 88.7% nan%
Operating Expenses - - - - - - - $346.80M $335.83M $313.53M $321.37M
+ Operating Income $203.28M $203.28M $184.48M $196.74M $126.64M $140.98M $130.50M $127.07M $100.98M $127.08M $114.72M
Operating Margin % 30.9% 30.9% 31.0% 33.0% 25.8% 28.3% 26.7% 26.8% 23.1% 28.8% 26.3%
Interest Expense $46.05M $46.05M $50.35M $42.76M $27.03M $22.83M $22.53M $24.59M $23.43M $22.58M $21.99M
Interest Income $5.65M $5.65M $7.87M $7.42M $2.33M $1.49M $1.80M $3.25M $3.58M $1.79M $757.00K
Other Income/Expense $7.65M $7.65M $7.47M $5.13M $125.00K $5.13M $4.85M $3.28M $760.00K $2.06M $997.00K
Income Before Tax $169.80M $169.80M $149.44M $166.52M $102.06M $124.77M - - $81.89M $108.34M $94.48M
Income Tax Expense $39.36M $39.36M $30.17M $41.60M $23.66M $30.42M $28.20M $24.67M $18.02M $38.97M $34.73M
+ Net Income $130.44M $130.44M $119.27M $124.92M $78.40M $94.35M $86.42M $84.34M $63.87M $69.37M $59.74M
Net Margin % 19.8% 19.8% 20.0% 21.0% 15.9% 18.9% 17.7% 17.8% 14.6% 15.7% 13.7%
Basic EPS 3.36 3.37 3.17 3.37 2.12 2.55 2.34 2.28 1.73 1.88 1.63
Diluted EPS 3.37 3.37 3.17 3.36 2.11 2.55 2.33 2.28 1.72 1.88 1.62
Basic Shares Outstanding - 38.5M 37.5M 37.0M 37.0M 36.9M 36.9M 36.8M 36.7M 36.6M 36.6M
Diluted Shares Outstanding - 38.7M 37.6M 37.1M 37.0M 37.0M 37.0M 37.0M 36.9M 36.8M 36.8M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $18.82M $26.66M $14.07M $6.00M $4.96M $36.74M $1.33M $7.14M $214.00K $436.00K
Accounts Receivable $38.32M $37.70M $34.25M $26.21M $34.42M $29.16M $20.91M $23.39M $26.13M $19.99M
Other Current Assets $7.55M $7.29M $5.77M $5.45M $5.32M $5.55M $5.41M $6.06M $5.60M $3.73M
Total Current Assets $231.07M $233.35M $205.98M $151.29M $138.05M $157.12M $122.46M $131.47M $155.46M $166.88M
Property Plant & Equipment $2.30B $2.10B $1.89B $1.75B $1.63B $1.51B $1.42B $1.30B $1.20B $1.15B
Goodwill - - $1.12M $1.12M $1.12M $1.12M $1.12M $1.12M $1.12M $1.12M
Intangible Assets $3.13M $4.10M - - - - - - - -
Other Non-current Assets $63.87M $41.26M $18.76M $13.53M $16.23M $10.60M $7.70M $5.32M $5.67M $5.07M
Total Assets $2.72B $2.50B $2.25B $2.03B $1.90B $1.79B $1.64B $1.50B $1.42B $1.47B
Accounts Payable $86.02M $88.59M $68.70M $84.85M $65.90M $63.79M $55.62M $59.53M $50.98M $43.72M
Accrued Liabilities - - - - - - - - $3.86M $3.86M
Deferred Revenue $11.73M $5.66M $1.35M $903.00K $257.00K $1.80M $11.17M - - -
Other Current Liabilities $11.30M $15.16M $11.51M $11.00M $11.50M $10.44M $10.34M $10.73M $15.11M $11.30M
Total Current Liabilities $174.61M $285.52M $166.62M $396.52M $155.57M $118.57M $116.00M $146.59M $156.66M $177.94M
Long-term Debt $782.70M $640.38M $575.55M $446.55M $412.18M $440.35M $281.00M $281.09M $321.04M $320.98M
Deferred Tax Liabilities $194.12M $180.17M $161.58M $149.68M $140.29M $131.17M $125.30M - - -
Other Non-current Liabilities $17.78M $14.84M $14.41M $14.40M $13.87M $15.43M $13.93M $11.26M $11.01M $11.12M
Common Stock $425.15M $355.14M $263.18M $260.16M $258.44M $256.67M $255.57M $253.69M $250.12M $247.23M
Retained Earnings $620.43M $564.91M $512.93M $449.39M $427.50M $385.01M $345.96M $304.53M $279.82M $247.06M
Total Stockholders Equity $1.05B $920.05M $776.11M $709.55M $685.95M $641.67M $601.53M $558.22M $529.95M $494.30M
Total Liabilities & Equity $2.72B $2.50B $2.25B $2.03B $1.90B $1.79B $1.64B $1.50B $1.42B $1.47B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $157.29M $130.44M $119.27M $124.92M $78.40M $94.35M $86.42M $84.34M $63.87M $69.37M $59.74M
Depreciation & Amortization $59.37M $47.78M $43.65M $42.40M $41.31M $39.60M $36.85M $35.40M $40.42M $39.03M $38.85M
Stock-based Compensation $9.35M $3.56M $3.74M $3.30M $2.57M $2.57M $2.46M $2.52M $3.85M $2.88M $2.54M
Deferred Income Tax - $3.60M $2.04M $4.78M - - - - - - -
Change in Receivables $5.51M $2.98M $5.11M $6.63M $-5.42M $4.69M $13.27M $-1.88M $-1.88M $7.67M $1.75M
Change in Payables $5.66M $7.58M $5.15M $-10.86M $11.77M $-2.88M $5.35M $-249.00K $1.28M $4.36M $-3.44M
Operating Cash Flow $384.43M $229.73M $198.73M $67.68M $117.80M $115.58M $122.17M $116.86M $136.77M $144.55M $96.95M
Capital Expenditure $422.87M $236.82M $231.96M $188.54M $166.24M $144.51M $130.42M $151.94M $126.56M $113.13M $129.87M
Purchases of Investments - - - - - - - - $1.55M $1.23M $1.35M
Investing Cash Flow $-423.25M $-237.54M $-232.78M $-188.76M $-167.10M $-145.09M $-131.61M $-153.19M $-128.04M $-80.03M $-131.22M
Debt Repayment $845.00K $454.00K $370.00K $334.00K $377.00K $28.36M $336.00K $40.33M $326.00K $329.00K $313.00K
Stock Issued $118.37M $67.06M $88.81M - - - - - - - -
Stock Repurchased - - - - - - - - - - -
Dividends Paid $128.11M $74.66M $67.02M $61.20M $56.36M $51.69M $47.21M $42.70M $38.94M $36.42M $33.41M
Financing Cash Flow $19.14M $-26.00K $46.64M $129.16M $50.34M $-2.27M $44.84M $30.52M $-1.80M $-64.74M $30.34M
Net Change in Cash - - - - - - - - $6.93M $-222.00K $-3.93M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $182.72M - $493.80M -
Operating Income $61.73M - $158.24M -
Interest Expense $11.71M - $35.90M -
Interest Income $1.06M - $4.58M -
Other Income/Expense $3.01M - $6.41M -
Income Before Tax $54.09M - $133.32M -
Income Tax Expense $12.93M - $31.62M -
Net Income $41.17M $31.86M $101.70M -
Basic EPS 1.06 - 2.64 -
Diluted EPS 1.06 - 2.63 -
Basic Shares Outstanding $38.57M - $38.44M -
Diluted Shares Outstanding $38.70M - $38.57M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $26.07M $26.66M
Accounts Receivable $46.58M $37.70M
Other Current Assets $8.20M $7.29M
Total Current Assets $250.78M $233.35M
Property Plant & Equipment $2.24B $2.10B
Other Non-current Assets $41.59M $41.26M
Total Assets $2.66B $2.50B
Accounts Payable $81.66M $88.59M
Deferred Revenue $10.42M $5.66M
Total Current Liabilities $197.47M $285.52M
Long-term Debt $790.26M $640.38M
Deferred Tax Liabilities $190.99M $180.17M
Other Non-current Liabilities $16.54M $14.84M
Common Stock $398.01M $355.14M
Retained Earnings $611.30M $564.91M
Total Stockholders Equity $1.01B $920.05M
Total Liabilities & Equity $2.66B $2.50B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $41.17M $31.86M $101.70M -
Depreciation & Amortization $11.93M - $35.20M -
Stock-based Compensation - - $3.38M -
Change in Receivables - - $10.75M -
Change in Payables - - $2.90M -
Operating Cash Flow - - $202.01M -
Capital Expenditure - - $173.13M -
Investing Cash Flow - - $-172.70M -
Debt Repayment - - $454.00K -
Stock Issued - - $40.22M -
Dividends Paid - - $55.10M -
Financing Cash Flow - - $-29.90M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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