XML 58 R48.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidating Financial Statements - Condensed Consolidating Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidating Financial Statements        
Net income $ 96,360 $ 42,424 $ 81,334 $ 51,780
Adjustments to reconcile net income to net cash provided by operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     75,550 68,522
Change in value of life insurance contracts     (621) (3,433)
Allowance for equity funds used during construction (973) (1,868) (4,292) (5,087)
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities     (18,407) (5,041)
Other changes in noncurrent assets and liabilities     (36,900) 21,602
Net cash provided by operating activities     96,664 128,343
Investing activities:        
Utility plant expenditures     (221,261) (194,942)
Business acquisition, net of cash acquired     (39,544) 0
Investment in affiliates     0  
Changes in affiliate advances     0 0
Issuance of affiliate short-term borrowings     0 0
Issuance of affiliate long-term borrowings     0  
Reduction of affiliates long-term debt     0 0
Purchase of life insurance contracts     (2,335) (2,216)
Net cash used in investing activities     (263,140) (197,158)
Financing Activities:        
Short-term borrowings     270,000 210,000
Repayment of short-term borrowings     (70,000) (120,000)
Investment from affiliates     0  
Changes in affiliate advances     0 0
Proceeds from affiliate short-term borrowings     0 0
Proceeds from affiliate long-term borrowings     0  
Repayment of affiliates long-term borrowings     0 0
Issuance of long-term debt, net of expenses     0 398,431
Repayment of long-term debt     (1,535) (401,630)
Advances and contributions in aid of construction     19,862 21,266
Refunds of advances for construction     (7,017) (5,560)
Repurchase of common stock     (1,578) (2,355)
Issuance of common stock     58,573 1,278
Dividends paid to non-affiliates     (31,177) (28,507)
Dividends paid to affiliates     0 0
Net cash provided by financing activities     237,128 72,923
Change in cash, cash equivalents, and restricted cash     70,652 4,108
Cash, cash equivalents, and restricted cash at beginning of period     43,298 47,715
Cash, cash equivalents, and restricted cash at end of period 113,950 51,823 113,950 51,823
Consolidating Adjustments        
Condensed Consolidating Financial Statements        
Net income (96,253) (42,319) (80,994) (51,479)
Adjustments to reconcile net income to net cash provided by operating activities:        
Equity earnings of subsidiaries 96,266 42,334 81,036 51,523
Dividends received from affiliates     (31,177) (28,507)
Depreciation and amortization     (59) (62)
Change in value of life insurance contracts     0 0
Allowance for equity funds used during construction 0 0 0 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities     0 0
Other changes in noncurrent assets and liabilities     17 18
Net cash provided by operating activities     (31,177) (28,507)
Investing activities:        
Utility plant expenditures     0 0
Business acquisition, net of cash acquired     0  
Investment in affiliates     90,871  
Changes in affiliate advances     (4,772) (15)
Issuance of affiliate short-term borrowings     3,500 4,300
Issuance of affiliate long-term borrowings     4,076  
Reduction of affiliates long-term debt     (1,580) (1,462)
Purchase of life insurance contracts     0 0
Net cash used in investing activities     92,095 2,823
Financing Activities:        
Short-term borrowings     0 0
Repayment of short-term borrowings     0 0
Investment from affiliates     (90,871)  
Changes in affiliate advances     4,772 15
Proceeds from affiliate short-term borrowings     (3,500) (4,300)
Proceeds from affiliate long-term borrowings     (4,076)  
Repayment of affiliates long-term borrowings     1,580 1,462
Issuance of long-term debt, net of expenses       0
Repayment of long-term debt     0 0
Advances and contributions in aid of construction     0 0
Refunds of advances for construction     0 0
Repurchase of common stock     0 0
Issuance of common stock     0 0
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     31,177 28,507
Net cash provided by financing activities     (60,918) 25,684
Change in cash, cash equivalents, and restricted cash     0 0
Cash, cash equivalents, and restricted cash at beginning of period     0 0
Cash, cash equivalents, and restricted cash at end of period 0 0 0 0
Parent Company | Reportable Legal Entities        
Condensed Consolidating Financial Statements        
Net income 96,360 42,424 81,334 51,780
Adjustments to reconcile net income to net cash provided by operating activities:        
Equity earnings of subsidiaries (96,266) (42,334) (81,036) (51,523)
Dividends received from affiliates     31,177 28,507
Depreciation and amortization     70 70
Change in value of life insurance contracts     0 0
Allowance for equity funds used during construction 0 0 0 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities     (463) 194
Other changes in noncurrent assets and liabilities     3,262 5,239
Net cash provided by operating activities     34,344 34,267
Investing activities:        
Utility plant expenditures     0 0
Business acquisition, net of cash acquired     (1,950)  
Investment in affiliates     (90,871)  
Changes in affiliate advances     2,238 (3,199)
Issuance of affiliate short-term borrowings     (3,500) (4,300)
Issuance of affiliate long-term borrowings     (4,076)  
Reduction of affiliates long-term debt     1,580 1,462
Purchase of life insurance contracts     0 0
Net cash used in investing activities     (96,579) (6,037)
Financing Activities:        
Short-term borrowings     50,000 0
Repayment of short-term borrowings     0 0
Investment from affiliates     0  
Changes in affiliate advances     0 (17)
Proceeds from affiliate short-term borrowings     0 0
Proceeds from affiliate long-term borrowings     0  
Repayment of affiliates long-term borrowings     0 0
Issuance of long-term debt, net of expenses       0
Repayment of long-term debt     0 0
Advances and contributions in aid of construction     0 0
Refunds of advances for construction     0 0
Repurchase of common stock     (1,578) (2,355)
Issuance of common stock     58,573 1,278
Dividends paid to non-affiliates     (31,177) (28,507)
Dividends paid to affiliates     0 0
Net cash provided by financing activities     75,818 (29,601)
Change in cash, cash equivalents, and restricted cash     13,583 (1,371)
Cash, cash equivalents, and restricted cash at beginning of period     3,096 3,779
Cash, cash equivalents, and restricted cash at end of period 16,679 2,408 16,679 2,408
Cal Water | Reportable Legal Entities        
Condensed Consolidating Financial Statements        
Net income 93,090 39,742 76,855 47,116
Adjustments to reconcile net income to net cash provided by operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     70,604 63,975
Change in value of life insurance contracts     (621) (3,433)
Allowance for equity funds used during construction (973) (1,868) (4,292) (5,087)
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities     (17,633) (6,744)
Other changes in noncurrent assets and liabilities     (42,184) 14,560
Net cash provided by operating activities     82,729 110,387
Investing activities:        
Utility plant expenditures     (212,288) (185,883)
Business acquisition, net of cash acquired     0  
Investment in affiliates     0  
Changes in affiliate advances     2,679 3,534
Issuance of affiliate short-term borrowings     0 0
Issuance of affiliate long-term borrowings     0  
Reduction of affiliates long-term debt     0 0
Purchase of life insurance contracts     (2,335) (2,216)
Net cash used in investing activities     (211,944) (184,565)
Financing Activities:        
Short-term borrowings     220,000 210,000
Repayment of short-term borrowings     (70,000) (120,000)
Investment from affiliates     57,266  
Changes in affiliate advances     (3,175) 4,419
Proceeds from affiliate short-term borrowings     0 0
Proceeds from affiliate long-term borrowings     0  
Repayment of affiliates long-term borrowings     0 0
Issuance of long-term debt, net of expenses       398,431
Repayment of long-term debt     (1,415) (401,417)
Advances and contributions in aid of construction     19,735 21,176
Refunds of advances for construction     (7,015) (5,560)
Repurchase of common stock     0 0
Issuance of common stock     0 0
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     (29,461) (27,419)
Net cash provided by financing activities     185,935 79,630
Change in cash, cash equivalents, and restricted cash     56,720 5,452
Cash, cash equivalents, and restricted cash at beginning of period     29,679 34,238
Cash, cash equivalents, and restricted cash at end of period 86,399 39,690 86,399 39,690
All Other Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Statements        
Net income 3,163 2,577 4,139 4,363
Adjustments to reconcile net income to net cash provided by operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     4,935 4,539
Change in value of life insurance contracts     0 0
Allowance for equity funds used during construction 0 0 0 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities     (311) 1,509
Other changes in noncurrent assets and liabilities     2,005 1,785
Net cash provided by operating activities     10,768 12,196
Investing activities:        
Utility plant expenditures     (8,973) (9,059)
Business acquisition, net of cash acquired     (37,594)  
Investment in affiliates     0  
Changes in affiliate advances     (145) (320)
Issuance of affiliate short-term borrowings     0 0
Issuance of affiliate long-term borrowings     0  
Reduction of affiliates long-term debt     0 0
Purchase of life insurance contracts     0 0
Net cash used in investing activities     (46,712) (9,379)
Financing Activities:        
Short-term borrowings     0 0
Repayment of short-term borrowings     0 0
Investment from affiliates     33,605  
Changes in affiliate advances     (1,597) (4,417)
Proceeds from affiliate short-term borrowings     3,500 4,300
Proceeds from affiliate long-term borrowings     4,076  
Repayment of affiliates long-term borrowings     (1,580) (1,462)
Issuance of long-term debt, net of expenses       0
Repayment of long-term debt     (120) (213)
Advances and contributions in aid of construction     127 90
Refunds of advances for construction     (2) 0
Repurchase of common stock     0 0
Issuance of common stock     0 0
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     (1,716) (1,088)
Net cash provided by financing activities     36,293 (2,790)
Change in cash, cash equivalents, and restricted cash     349 27
Cash, cash equivalents, and restricted cash at beginning of period     10,523 9,698
Cash, cash equivalents, and restricted cash at end of period $ 10,872 $ 9,725 $ 10,872 $ 9,725