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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 15 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)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
+ Total Revenue $658.07M $658.07M $595.46M $595.70M $491.53M $498.85M $488.24M $473.87M $436.82M $440.60M $436.09M $458.64M $465.79M $472.08M $466.91M $419.91M
Revenue Growth % 0.0% 10.5% -0.0% 21.2% -1.5% 2.2% 3.0% 8.5% -0.9% 1.0% -4.9% -1.5% -1.3% 1.1% 11.2% 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% nan% nan% nan% nan% nan%
Operating Expenses - - - - - - - $346.80M $335.83M $313.53M $321.37M $340.15M $346.75M $353.00M $355.81M $324.81M
+ Operating Income $203.28M $203.28M $184.48M $196.74M $126.64M $140.98M $130.50M $127.07M $100.98M $127.08M $114.72M $118.49M $119.05M $119.07M $111.09M $95.10M
Operating Margin % 30.9% 30.9% 31.0% 33.0% 25.8% 28.3% 26.7% 26.8% 23.1% 28.8% 26.3% 25.8% 25.6% 25.2% 23.8% 22.6%
Interest Expense $46.05M $46.05M $50.35M $42.76M $27.03M $22.83M $22.53M $24.59M $23.43M $22.58M $21.99M $21.09M $21.62M $22.41M $22.77M $23.68M
Interest Income $5.65M $5.65M $7.87M $7.42M $2.33M $1.49M $1.80M $3.25M $3.58M $1.79M $757.00K $458.00K $927.00K $707.00K $1.33M $859.00K
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 $356.00K $751.00K $1.10M $431.00K $-196.00K
Income Before Tax $169.80M $169.80M $149.44M $166.52M $102.06M $124.77M - - $81.89M $108.34M $94.48M $98.22M $99.11M $98.47M $90.09M $72.09M
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 $37.73M $38.05M $35.78M $35.95M $30.08M
+ Net Income $130.44M $130.44M $119.27M $124.92M $78.40M $94.35M $86.42M $84.34M $63.87M $69.37M $59.74M $60.48M $61.06M $62.69M $54.15M $45.86M
Net Margin % 19.8% 19.8% 20.0% 21.0% 15.9% 18.9% 17.7% 17.8% 14.6% 15.7% 13.7% 13.2% 13.1% 13.3% 11.6% 10.9%
Basic EPS 3.36 3.37 3.17 3.37 2.12 2.55 2.34 2.28 1.73 1.88 1.63 1.61 1.57 1.61 1.42 1.22
Diluted EPS 3.37 3.37 3.17 3.36 2.11 2.55 2.33 2.28 1.72 1.88 1.62 1.60 1.57 1.61 1.41 1.21
Basic Shares Outstanding - 38.5M 37.5M 37.0M 37.0M 36.9M 36.9M 36.8M 36.7M 36.6M 36.6M 37.4M 38.7M 38.6M 38.0M 37.4M
Diluted Shares Outstanding - 38.7M 37.6M 37.1M 37.0M 37.0M 37.0M 37.0M 36.9M 36.8M 36.8M 37.6M 38.9M 38.9M 38.3M 37.7M
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)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Cash & Cash Equivalents $18.82M $26.66M $14.07M $6.00M $4.96M $36.74M $1.33M $7.14M $214.00K $436.00K $4.36M $75.99M $38.23M $23.49M $1.31M
Accounts Receivable $38.32M $37.70M $34.25M $26.21M $34.42M $29.16M $20.91M $23.39M $26.13M $19.99M $18.94M $18.81M $23.83M $19.49M $20.40M
Other Current Assets $7.55M $7.29M $5.77M $5.45M $5.32M $5.55M $5.41M $6.06M $5.60M $3.73M $3.23M $2.75M $2.48M $4.39M $3.96M
Total Current Assets $231.07M $233.35M $205.98M $151.29M $138.05M $157.12M $122.46M $131.47M $155.46M $166.88M $132.70M $209.45M $191.62M $184.03M $165.60M
Property Plant & Equipment $2.30B $2.10B $1.89B $1.75B $1.63B $1.51B $1.42B $1.30B $1.20B $1.15B $1.06B $1.00B $981.48M $917.79M $896.50M
Goodwill - - $1.12M $1.12M $1.12M $1.12M $1.12M $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 $11.39M $12.11M $14.23M $15.59M $12.47M
Total Assets $2.72B $2.50B $2.25B $2.03B $1.90B $1.79B $1.64B $1.50B $1.42B $1.47B $1.35B $1.38B $1.31B $1.28B $1.24B
Accounts Payable $86.02M $88.59M $68.70M $84.85M $65.90M $63.79M $55.62M $59.53M $50.98M $43.72M $50.59M $41.85M $49.79M $40.57M $37.87M
Accrued Liabilities - - - - - - - - $3.86M $3.86M $3.63M $3.55M $3.90M $3.91M $3.94M
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 $10.21M $18.76M $12.96M $11.66M $16.69M
Total Current Liabilities $174.61M $285.52M $166.62M $396.52M $155.57M $118.57M $116.00M $146.59M $156.66M $177.94M $123.51M $99.29M $100.91M $93.70M $104.37M
Long-term Debt $782.70M $640.38M $575.55M $446.55M $412.18M $440.35M $281.00M $281.09M $321.04M $320.98M $325.54M $325.80M $326.08M $332.46M $340.39M
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 $10.63M $6.77M $6.52M $6.88M $6.98M
Common Stock $425.15M $355.14M $263.18M $260.16M $258.44M $256.67M $255.57M $253.69M $250.12M $247.23M $245.02M $253.20M $253.96M $249.32M $233.31M
Retained Earnings $620.43M $564.91M $512.93M $449.39M $427.50M $385.01M $345.96M $304.53M $279.82M $247.06M $220.92M $253.60M $238.44M $205.26M $175.36M
Total Stockholders Equity $1.05B $920.05M $776.11M $709.55M $685.95M $641.67M $601.53M $558.22M $529.95M $494.30M $465.94M $506.80M $492.40M $454.58M $408.67M
Total Liabilities & Equity $2.72B $2.50B $2.25B $2.03B $1.90B $1.79B $1.64B $1.50B $1.42B $1.47B $1.35B $1.38B $1.31B $1.28B $1.24B
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)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Net Income $157.29M $130.44M $119.27M $124.92M $78.40M $94.35M $86.42M $84.34M $63.87M $69.37M $59.74M $60.48M $61.06M $62.69M $54.15M $45.86M
Depreciation & Amortization $59.37M $47.78M $43.65M $42.40M $41.31M $39.60M $36.85M $35.40M $40.42M $39.03M $38.85M $42.03M $41.07M $40.09M $41.38M $38.35M
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 $2.75M $2.22M $2.01M $1.93M $1.52M
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 $923.00K $-3.98M $5.31M $1.77M $2.69M
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 $679.00K $-1.62M $1.81M $4.30M $-2.95M
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 $95.14M $163.27M $135.71M $101.49M $80.17M
Capital Expenditure $422.87M $236.82M $231.96M $188.54M $166.24M $144.51M $130.42M $151.94M $126.56M $113.13M $129.87M $87.32M $72.55M $97.38M $68.10M $80.28M
Purchases of Investments - - - - - - - - $1.55M $1.23M $1.35M $2.87M $1.57M $1.41M - -
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 $-90.14M $-74.06M $-98.78M $-68.04M $-50.53M
Debt Repayment $845.00K $454.00K $370.00K $334.00K $377.00K $28.36M $336.00K $40.33M $326.00K $329.00K $313.00K $237.00K $21.29M $3.47M $8.30M $22.38M
Stock Issued $118.37M $67.06M $88.81M - - - - - - - - - - - - $1.66M
Stock Repurchased - - - - - - - - - - - $72.89M $17.18M - - -
Dividends Paid $128.11M $74.66M $67.02M $61.20M $56.36M $51.69M $47.21M $42.70M $38.94M $36.42M $33.41M $32.69M $32.11M $29.36M $24.13M $20.55M
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 $-76.63M $-51.45M $-22.20M $-11.29M $-32.52M
Net Change in Cash - - - - - - - - $6.93M $-222.00K $-3.93M $-71.62M $37.76M $14.74M $22.17M $-2.88M
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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