← CALIFORNIA WATER SERVICE GROUP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $48.7m |
$67.2m
+38.02%
|
$65.6m
-2.38%
|
$63.1m
-3.76%
|
$96.8m
+53.42%
|
$101.1m
+4.43%
|
$96.0m
-5.06%
|
$51.9m
-45.93%
|
$190.8m
+267.57%
|
$128.2m
-32.81%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $101.0m | $95.3m | $51.4m | $190.1m | $127.8m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | ($146k) | ($748k) | ($535k) | ($722k) | ($363k) | — | |
| Depreciation, Depletion and Amortization | $65.2m | $78.6m | $85.7m | $91.3m | $100.9m | $111.6m | $117.4m | $123.1m | $134.1m | $146.5m | $143.8m | |
| Amortization of Intangible Assets | $1.6m | $1.6m | $1.7m | $1.5m | $1.1m | $1.4m | $1.5m | $1.5m | $2.1m | $2.4m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $117.4m | $123.1m | $134.1m | $146.5m | $143.8m | |
| Deferred Income Tax Expense (Benefit) | $26.7m | $33.4m | $15.9m | $17.7m | $12.0m | $646k | $4.5m | ($6.8m) | $29.7m | $17.8m | $38.2m | |
| Deferred Income Tax | — | — | — | — | — | — | $26.9m | $35.6m | $40.4m | $38.2m | $38.2m | |
| Deferred Tax | — | — | — | — | — | — | $26.9m | $35.6m | $40.4m | $38.2m | $38.2m | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $3.1m | $3.1m | $6.7m | $4.6m | $6.8m | $5.2m | $3.0m | $3.7m | $5.0m | $5.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | $6.5m | $4.4m | $6.6m | $4.9m | $2.7m | $3.5m | $4.7m | $5.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $1.3m | |
| Asset Impairment Charge | — | — | — | — | — | $524k | $702k | ($536k) | $1.3m | — | $1.3m | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $3.0m | $6.5m | ($7.1m) | $4.9m | $2.0m | $17.4m | $11.9m | $24.1m | $22.6m | $24.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($22.2m) | $14.9m | ($125.2m) | ($3.6m) | $20.9m | |
| Change In Receivables | — | — | — | — | — | — | ($46.2m) | $39.5m | ($50.4m) | ($20.1m) | ($24.1m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($40.7m) | $42.7m | ($42.3m) | ($20.8m) | ($24.1m) | |
| Increase (Decrease) in Accounts Payable | $3.8m | $1.6m | $4.7m | $10.7m | $373k | ($2.9m) | ($7.6m) | $9.9m | $1.7m | ($19.8m) | $5.3m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $7.9m | ($346k) | $2.8m | $11.1m | $9.1m | |
| Net Cash Provided by (Used in) Operating Activities | $159.7m |
$147.8m
-7.43%
|
$179.0m
+21.09%
|
$168.8m
-5.71%
|
$117.9m
-30.14%
|
$231.7m
+96.50%
|
$243.8m
+5.20%
|
$217.8m
-10.65%
|
$290.9m
+33.54%
|
$302.6m
+4.02%
|
$328.2m
+8.47%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($146k) | $663k | $50k | $28k | $0 | $94k | $0 | $0 | — | — | — | |
| Capital Expenditure | — | — | — | — | — | — | ($327.8m) | ($383.7m) | ($470.8m) | ($517.0m) | ($563.9m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $3.8m | ($7.2m) | $4.9m | $3.6m | $3.9m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $40.5m | $6.5m | $0 | $175k | $1.6m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | ($48k) | $0 | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($7.8m) | ($5.5m) | ($2.5m) | ($3.1m) | ($3.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($230.8m) | ($206.7m) | ($273.1m) | ($276.0m) | ($346.1m) | ($300.9m) | ($335.5m) | ($389.4m) | ($474.9m) | ($520.1m) | ($567.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $7.0m | $26.8m | $16.5m | $405.6m | $22.1m | $5.4m | $5.4m | $1.8m | $889k | $70.9m | ($70.9m) | |
| Proceeds from Issuance of Long-term Debt | $49.8m | $0 | $299.4m | $398.2m | $0 | $278.9m | $0 | $0 | $124.8m | $368.2m | $368.2m | |
| Issuance Of Debt | — | — | — | — | — | — | $150.0m | $227.8m | $629.8m | $918.2m | $368.2m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $124.8m | $368.2m | $368.2m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($5.4m) | ($1.8m) | ($889k) | ($70.9m) | ($70.9m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $29.6m | $106.0m | $148.9m | $222.3m | $142.3m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($5.4m) | ($1.8m) | $123.9m | $297.3m | $297.3m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $35.0m | $107.8m | $25.0m | ($75.0m) | ($155.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($120.4m) | ($121.8m) | ($480.9m) | ($695.9m) | ($70.9m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $150.0m | $227.8m | $505.0m | $550.0m | $695.0m | |
| Short Term Debt Payments | — | — | — | — | — | — | ($115.0m) | ($120.0m) | ($480.0m) | ($625.0m) | ($850.0m) | |
| Payments for Repurchase of Common Stock | $744k | $1.5m | $1.6m | $2.5m | $1.7m | $1.8m | $2.0m | $1.8m | $1.4m | $1.4m | — | |
| Payments of Ordinary Dividends, Common Stock | $33.1m | $34.6m | $36.0m | $38.0m | $41.8m | $47.4m | $54.2m | $59.0m | $65.5m | $73.9m | ($75.8m) | |
| Proceeds from Issuance of Common Stock | — | $0 | $0 | $20.4m | $83.6m | $197.7m | $106.7m | $115.1m | $89.0m | $4.0m | $98.3m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($54.2m) | ($59.0m) | ($65.5m) | ($73.9m) | ($75.8m) | |
| Common Stock Issuance | — | — | — | — | — | — | $106.7m | $115.1m | $89.0m | $4.0m | $98.3m | |
| Common Stock Payments | — | — | — | — | — | — | ($2.0m) | ($1.8m) | ($1.4m) | ($1.4m) | ($1.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $106.7m | $115.1m | $89.0m | $4.0m | $98.3m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $104.7m | $113.3m | $87.6m | $2.6m | $97.1m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($2.0m) | ($1.8m) | ($1.4m) | ($1.4m) | ($1.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($54.2m) | ($59.0m) | ($65.5m) | ($73.9m) | ($75.8m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | $3.2m | $0 | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $16.0m | $11.3m | $23.7m | $68.2m | $68.5m | |
| Net Cash Provided by (Used in) Financing Activities | $87.8m |
$128.1m
+45.90%
|
$46.5m
-63.72%
|
$102.7m
+121.07%
|
$230.0m
+123.83%
|
$104.7m
-54.48%
|
$96.1m
-8.17%
|
$171.5m
+78.46%
|
$194.7m
+13.51%
|
$219.3m
+12.60%
|
$232.1m
+5.84%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $16.6m | $69.4m | ($47.6m) | ($4.4m) | $1.8m | $35.5m | $4.4m | ($59k) | $10.7m | $1.7m | $89.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $80.7m | $85.0m | $85.0m | $95.7m | $96.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $16.6m | $69.4m | $47.7m | $43.3m | $45.1m | $80.7m | $85.0m | $85.0m | $95.7m | $97.4m | $89.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $28.0m | $32.2m | $35.9m | $41.0m | $40.8m | $41.6m | $43.8m | $49.1m | $55.7m | $61.1m | — | |
| Income Taxes Paid, Net | $1.3m | ($3.7m) | ($587k) | ($3.5m) | ($3.6m) | ($2.7m) | ($5.1m) | ($3.5m) | $27.0m | $12.5m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | — | — | — | $1.7m | $1.8m | $2.2m | $2.3m | $2.3m | — | |
| Gain (Loss) Related to Litigation Settlement | $1.5m | — | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $98.5m | $102.9m | $100.8m | $108.6m | $117.1m | $126.7m | $132.7m | $142.2m | $139.5m | $141.6m | — | |
| Goodwill | $2.6m | $2.6m | $2.6m | $2.6m | $31.8m | $36.8m | $36.8m | $37.0m | $37.1m | $37.1m | $1.3m | |
| Income Tax Expense (Benefit) | $26.8m | $33.4m | $15.9m | $17.7m | $12.0m | $4.1m | $6.4m | ($6.8m) | $42.5m | $19.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $60.7m | $70.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $96.1m | $171.5m | $194.7m | $219.3m | $232.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($335.5m) | ($389.4m) | ($474.9m) | ($520.1m) | ($567.3m) | |
| Change In Account Payable | — | — | — | — | — | — | ($7.6m) | $9.9m | $1.7m | ($19.8m) | $5.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $4.4m | ($59k) | $10.7m | $1.7m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $23.6m | ($34.2m) | ($79.3m) | $25.2m | $31.1m | |
| Change In Payable | — | — | — | — | — | — | ($7.6m) | $9.9m | $1.7m | ($19.8m) | $5.3m | |
| Changes In Cash | — | — | — | — | — | — | $4.4m | ($59k) | $10.7m | $1.7m | ($7.0m) | |
| End Cash Position | — | — | — | — | — | — | $85.0m | $85.0m | $95.7m | $97.4m | $89.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $96.1m |
$171.5m
+78.46%
|
$194.7m
+13.51%
|
$219.3m
+12.60%
|
$232.1m
+5.84%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($84.0m) | ($165.9m) | ($179.9m) | ($214.4m) | ($235.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | ($94k) | $0 | $0 | — | — | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($335.5m) | ($389.4m) | ($474.9m) | ($520.1m) | ($567.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($175k) | ($1.6m) | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | $1.0m | $0 | $0 | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | $108k | $0 | $0 | — | — | $48k | |
| Other Non Cash Items | — | — | — | — | — | — | $20.6m | ($10.2m) | $47.6m | ($11.4m) | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($175k) | ($1.6m) | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | $1.0m | $0 | $0 | — | — | — | |
| Sale Of PPE | — | — | — | — | — | $108k | $0 | $0 | — | — | $48k | |
| Stock Based Compensation | — | — | — | — | — | — | $5.2m | $3.0m | $3.7m | $5.0m | $5.0m |