◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

CALIFORNIA WATER SERVICE GROUP CIK: 1035201 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001035201-23-000006
Period End Date 20230331
Filing Date 20230428
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance cwt-20230331_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 136.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 136.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 136.00M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 55.99M shares Point-in-time
Utility plant PublicUtilitiesPropertyPlantAndEquipmentPlantInService $4.54B USD Point-in-time
Utility plant PublicUtilitiesPropertyPlantAndEquipmentPlantInService $4.61B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 55.60M shares Point-in-time
Less accumulated depreciation and amortization PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation $1.51B USD Point-in-time
Less accumulated depreciation and amortization PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation $1.48B USD Point-in-time
Net utility plant PublicUtilitiesPropertyPlantAndEquipmentNet $3.06B USD Point-in-time
Net utility plant PublicUtilitiesPropertyPlantAndEquipmentNet $3.10B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $62.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $52.29M USD Point-in-time
Restricted cash RestrictedCashCurrent $22.93M USD Point-in-time
Restricted cash RestrictedCashCurrent $34.15M USD Point-in-time
Customers, net AccountsReceivableNetCurrent $55.08M USD Point-in-time
Customers, net AccountsReceivableNetCurrent $46.54M USD Point-in-time
Regulatory balancing accounts RegulatoryAssetsCurrent $50.34M USD Point-in-time
Regulatory balancing accounts RegulatoryAssetsCurrent $66.83M USD Point-in-time
Other, net NontradeReceivablesCurrent $20.58M USD Point-in-time
Other, net NontradeReceivablesCurrent $20.93M USD Point-in-time
Unbilled revenue, net ReceivablesLongTermContractsOrPrograms $29.55M USD Point-in-time
Unbilled revenue, net ReceivablesLongTermContractsOrPrograms $33.14M USD Point-in-time
Materials and supplies PublicUtilitiesInventory $12.56M USD Point-in-time
Materials and supplies PublicUtilitiesInventory $13.29M USD Point-in-time
Taxes, prepaid expenses, and other assets TaxesPrepaidExpensesAndOtherAssetsCurrent $21.97M USD Point-in-time
Taxes, prepaid expenses, and other assets TaxesPrepaidExpensesAndOtherAssetsCurrent $22.56M USD Point-in-time
Total current assets AssetsCurrent $269.28M USD Point-in-time
Total current assets AssetsCurrent $295.54M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $283.62M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $293.26M USD Point-in-time
Goodwill Goodwill $36.81M USD Point-in-time
Goodwill Goodwill $36.81M USD Point-in-time
Other assets OtherAssetsNoncurrent $175.91M USD Point-in-time
Other assets OtherAssetsNoncurrent $184.06M USD Point-in-time
Total other assets TotalOtherAssets $514.14M USD Point-in-time
Total other assets TotalOtherAssets $496.35M USD Point-in-time
TOTAL ASSETS Assets $3.89B USD Point-in-time
TOTAL ASSETS Assets $3.85B USD Point-in-time
Common stock, $0.01 par value; 136,000 shares authorized, 55,991 and 55,598 outstanding in 2023 and 2022, respectively CommonStockValue $556.00K USD Point-in-time
Common stock, $0.01 par value; 136,000 shares authorized, 55,991 and 55,598 outstanding in 2023 and 2022, respectively CommonStockValue $560.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $760.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $777.61M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $520.03M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $556.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $502.53M USD Point-in-time
Noncontrolling interests MinorityInterest $4.79M USD Point-in-time
Noncontrolling interests MinorityInterest $4.80M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.32B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.30B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.16B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $1.05B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $1.05B USD Point-in-time
Total capitalization CapitalizationLongtermDebtAndEquity $2.37B USD Point-in-time
Total capitalization CapitalizationLongtermDebtAndEquity $2.36B USD Point-in-time
Current maturities of long-term debt, net LongTermDebtCurrent $3.30M USD Point-in-time
Current maturities of long-term debt, net LongTermDebtCurrent $3.31M USD Point-in-time
Short-term borrowings ShortTermBorrowings $70.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $130.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $120.20M USD Point-in-time
Accounts payable AccountsPayableCurrent $140.99M USD Point-in-time
Regulatory balancing accounts RegulatoryLiabilityCurrent $12.24M USD Point-in-time
Regulatory balancing accounts RegulatoryLiabilityCurrent $17.27M USD Point-in-time
Accrued interest InterestPayableCurrent $6.49M USD Point-in-time
Accrued interest InterestPayableCurrent $16.79M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $61.62M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $62.74M USD Point-in-time
Total current liabilities LiabilitiesCurrent $294.65M USD Point-in-time
Total current liabilities LiabilitiesCurrent $350.30M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $326.40M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $330.25M USD Point-in-time
Pension OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $78.44M USD Point-in-time
Pension OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $79.25M USD Point-in-time
Regulatory liabilities and other RegulatoryAndOtherLiabilities $288.51M USD Point-in-time
Regulatory liabilities and other RegulatoryAndOtherLiabilities $287.29M USD Point-in-time
Advances for construction ContractWithCustomerRefundLiabilityNoncurrent $199.31M USD Point-in-time
Advances for construction ContractWithCustomerRefundLiabilityNoncurrent $199.83M USD Point-in-time
Contributions in aid of construction ContributionsInAidOfConstruction $287.77M USD Point-in-time
Contributions in aid of construction ContributionsInAidOfConstruction $285.40M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
TOTAL CAPITALIZATION AND LIABILITIES LiabilitiesAndStockholdersEquity $3.89B USD Point-in-time
TOTAL CAPITALIZATION AND LIABILITIES LiabilitiesAndStockholdersEquity $3.85B USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Operating revenue RegulatedOperatingRevenueWater $131.10M USD 1 Quarter
Operating revenue RegulatedOperatingRevenueWater $172.99M USD 1 Quarter
Water production costs UtilitiesOperatingExpenseProductsAndServices $55.01M USD 1 Quarter
Water production costs UtilitiesOperatingExpenseProductsAndServices $61.54M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $35.99M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $33.41M USD 1 Quarter
Other operations UtilitiesOperatingExpenseOther $25.85M USD 1 Quarter
Other operations UtilitiesOperatingExpenseOther $16.60M USD 1 Quarter
Maintenance UtilitiesOperatingExpenseMaintenance $7.34M USD 1 Quarter
Maintenance UtilitiesOperatingExpenseMaintenance $7.98M USD 1 Quarter
Depreciation and amortization UtilitiesOperatingExpenseDepreciationAndAmortization $29.91M USD 1 Quarter
Depreciation and amortization UtilitiesOperatingExpenseDepreciationAndAmortization $28.77M USD 1 Quarter
Income tax benefit UtilitiesOperatingExpenseIncomeTaxExpenseBenefit $-5.64M USD 1 Quarter
Income tax benefit UtilitiesOperatingExpenseIncomeTaxExpenseBenefit $-1.42M USD 1 Quarter
Property and other taxes UtilitiesOperatingExpenseTaxes $8.36M USD 1 Quarter
Property and other taxes UtilitiesOperatingExpenseTaxes $8.78M USD 1 Quarter
Total operating expenses UtilitiesOperatingExpense $163.85M USD 1 Quarter
Total operating expenses UtilitiesOperatingExpense $148.62M USD 1 Quarter
Net operating income OperatingIncomeLoss $9.14M USD 1 Quarter
Net operating income OperatingIncomeLoss $-17.52M USD 1 Quarter
Non-regulated revenue UnregulatedOperatingRevenue $5.20M USD 1 Quarter
Non-regulated revenue UnregulatedOperatingRevenue $4.62M USD 1 Quarter
Non-regulated expenses OtherNonoperatingExpense $6.99M USD 1 Quarter
Non-regulated expenses OtherNonoperatingExpense $2.27M USD 1 Quarter
Other components of net periodic benefit credit DefinedBenefitPlanOtherCosts $-5.22M USD 1 Quarter
Other components of net periodic benefit credit DefinedBenefitPlanOtherCosts $-4.01M USD 1 Quarter
Allowance for equity funds used during construction PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $975.00K USD 1 Quarter
Allowance for equity funds used during construction PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $1.40M USD 1 Quarter
Income tax expense on other income and expenses UtilitiesNonregulatedExpenseIncomeTaxExpenseBenefit $512.00K USD 1 Quarter
Income tax expense on other income and expenses UtilitiesNonregulatedExpenseIncomeTaxExpenseBenefit $1.79M USD 1 Quarter
Net other income OtherNonoperatingIncomeExpense $2.69M USD 1 Quarter
Net other income OtherNonoperatingIncomeExpense $7.18M USD 1 Quarter
Interest expense InterestExpenseDebt $11.49M USD 1 Quarter
Interest expense InterestExpenseDebt $12.82M USD 1 Quarter
Allowance for borrowed funds used during construction InterestCostsCapitalizedAdjustment $829.00K USD 1 Quarter
Allowance for borrowed funds used during construction InterestCostsCapitalizedAdjustment $563.00K USD 1 Quarter
Net interest expense InterestCostsIncurred $11.99M USD 1 Quarter
Net interest expense InterestCostsIncurred $10.93M USD 1 Quarter
Net income ProfitLoss $894.00K USD 1 Quarter
Net income ProfitLoss $-22.33M USD 1 Quarter
Net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-192.00K USD 1 Quarter
Net (loss) income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-123.00K USD 1 Quarter
Net income attributable to California Water Service Group NetIncomeLoss $1.09M USD 1 Quarter
Net income attributable to California Water Service Group NetIncomeLoss $-22.21M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.40 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.02 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.40 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.02 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 53.73M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 55.67M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 53.77M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 55.67M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $1.55M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Net (loss) income ProfitLoss $894.00K USD 1 Quarter
Net (loss) income ProfitLoss $-22.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $29.48M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $30.43M USD 1 Quarter
Change in value of life insurance contracts LifeInsuranceCorporateOrBankOwnedChangeInValue $1.64M USD 1 Quarter
Change in value of life insurance contracts LifeInsuranceCorporateOrBankOwnedChangeInValue $-2.92M USD 1 Quarter
Allowance for equity funds used during construction PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $975.00K USD 1 Quarter
Allowance for equity funds used during construction PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $1.40M USD 1 Quarter
Receivables and unbilled revenue IncreaseDecreaseInReceivables $10.08M USD 1 Quarter
Receivables and unbilled revenue IncreaseDecreaseInReceivables $-17.09M USD 1 Quarter
Water Arrearages Payment Program IncreaseInAllowanceForCreditLossesWaterArrearagesPaymentProgram - USD 1 Quarter
Water Arrearages Payment Program IncreaseInAllowanceForCreditLossesWaterArrearagesPaymentProgram $-20.84M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.62M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.23M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $75.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.34M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $10.02M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $12.66M USD 1 Quarter
Other changes in noncurrent assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-10.15M USD 1 Quarter
Other changes in noncurrent assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-1.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $54.19M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.97M USD 1 Quarter
Utility plant expenditures PaymentsToAcquireWaterAndWasteWaterSystems $68.50M USD 1 Quarter
Utility plant expenditures PaymentsToAcquireWaterAndWasteWaterSystems $81.98M USD 1 Quarter
Life insurance proceeds ProceedsFromLifeInsurancePolicies $1.73M USD 1 Quarter
Life insurance proceeds ProceedsFromLifeInsurancePolicies - USD 1 Quarter
Purchase of life insurance contracts PaymentsToAcquireLifeInsurancePolicies - USD 1 Quarter
Purchase of life insurance contracts PaymentsToAcquireLifeInsurancePolicies $1.73M USD 1 Quarter
Asset acquisition PaymentsForAssetAcquisitions $102.00K USD 1 Quarter
Asset acquisition PaymentsForAssetAcquisitions $180.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-68.68M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-82.08M USD 1 Quarter
Short-term borrowings, net of issuance costs of $1,552 for 2023 and $0 for 2022 ProceedsFromShortTermDebt $93.45M USD 1 Quarter
Short-term borrowings, net of issuance costs of $1,552 for 2023 and $0 for 2022 ProceedsFromShortTermDebt $30.00M USD 1 Quarter
Repayment of short-term borrowings RepaymentsOfShortTermDebt $15.00M USD 1 Quarter
Repayment of short-term borrowings RepaymentsOfShortTermDebt $35.00M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $198.00K USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $214.00K USD 1 Quarter
Advances and contributions in aid of construction ProceedsFromContributionInAidOfConstructionFinancingActivities $7.77M USD 1 Quarter
Advances and contributions in aid of construction ProceedsFromContributionInAidOfConstructionFinancingActivities $3.70M USD 1 Quarter
Refunds of advances for construction RefundsOfAdvancesForConstruction $2.25M USD 1 Quarter
Refunds of advances for construction RefundsOfAdvancesForConstruction $2.35M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.67M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.54M USD 1 Quarter
Issuance of common stock, net ProceedsFromIssuanceOfCommonStock $564.00K USD 1 Quarter
Issuance of common stock, net ProceedsFromIssuanceOfCommonStock $18.84M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $13.43M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $14.46M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $5.68M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $62.53M USD 1 Quarter
Change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.41M USD 1 Quarter
Change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-8.80M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $85.03M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $86.44M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $80.65M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.85M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $85.03M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $86.44M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $80.65M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.85M USD Point-in-time
Cash paid for interest (net of amounts capitalized) InterestPaidNet $187.00K USD 1 Quarter
Cash paid for interest (net of amounts capitalized) InterestPaidNet $1.58M USD 1 Quarter
Accrued payables for investments in utility plant CapitalExpendituresIncurredButNotYetPaid $42.04M USD 1 Quarter
Accrued payables for investments in utility plant CapitalExpendituresIncurredButNotYetPaid $57.73M USD 1 Quarter
Utility plant contribution by developers NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $7.03M USD 1 Quarter
Utility plant contribution by developers NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $5.77M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...