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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS  
Schedule of Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2013

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

ASSETS

  

Utility plant:

                                

Utility plant

   $ 1,318   $ 2,034,935   $ 184,272   $ (7,197 ) $ 2,213,328  

Less accumulated depreciation and amortization

     (164 )   (661,780 )   (37,168 )   1,615     (697,497 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net utility plant

     1,154     1,373,155     147,104     (5,582 )   1,515,831  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Current assets:

                                

Cash and cash equivalents

     5,280     20,790     1,436     —     27,506  

Receivables

     (756 )   90,008     8,931     (94 )   98,089  

Receivables from affiliates

     16,747     5,755     —     (22,502 )   —  

Other current assets

     —     13,011     884     —     13,895  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     21,271     129,564     11,251     (22,596 )   139,490  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other assets:

                                

Regulatory assets

     —     248,938     2,743     —     251,681  

Investments in affiliates

     565,347     —     —     (565,347 )   —  

Long-term affiliate notes receivable

     26,255     —     —     (26,255 )   —  

Other assets

     1,120     44,827     7,111     (205 )   52,853  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other assets

     592,722     293,765     9,854     (591,807 )   304,534  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 615,147   $ 1,796,484   $ 168,209   $ (619,985 ) $ 1,959,855  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CAPITALIZATION AND LIABILITIES

  

Capitalization:

                                

Common stockholders' equity

   $ 598,756   $ 500,290   $ 70,548   $ (570,838 ) $ 598,756  

Affiliate long-term debt

     —     —     26,255     (26,255 )   —  

Long-term debt, less current maturities

     —     424,854     1,288     —     426,142  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total capitalization

     598,756     925,144     98,091     (597,093 )   1,024,898  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Current liabilities:

                                

Current maturities of long-term debt

     —     6,137     1,771     —     7,908  

Short-term borrowings

     16,815     30,000     —     —     46,815  

Payables to affiliates

     48     —     22,454     (22,502 )   —  

Accounts payable

     —     51,764     3,323     —     55,087  

Accrued expenses and other liabilities

     107     55,346     1,321     —     56,774  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     16,970     143,247     28,869     (22,502 )   166,584  

Unamortized investment tax credits

     —     2,106     —     —     2,106  

Deferred income taxes, net

     (579 )   179,870     4,344     (390 )   183,245  

Pension and postretirement benefits other than pensions

     —     145,451     —     —     145,451  

Regulatory and other liabilities

     —     77,627     8,828     —     86,455  

Advances for construction

     —     182,776     617     —     183,393  

Contributions in aid of construction

     —     140,263     27,460     —     167,723  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 615,147   $ 1,796,484   $ 168,209   $ (619,985 ) $ 1,959,855  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CALIFORNIA WATER SERVICE GROUP

CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2012

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

ASSETS

  

Utility plant:

                                

Utility plant

   $ 606   $ 1,927,190   $ 175,764   $ (7,197 ) $ 2,096,363  

Less accumulated depreciation and amortization

     (108 )   (607,992 )   (32,710 )   1,503     (639,307 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net utility plant

     498     1,319,198     143,054     (5,694 )   1,457,056  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Current assets:

                                

Cash and cash equivalents

     1,470     34,609     2,711     —     38,790  

Receivables

     —     87,482     3,833     —     91,315  

Receivables from affiliates

     19,367     3,195     1,152     (23,714 )   —  

Other current assets

     —     15,535     924     —     16,459  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     20,837     140,821     8,620     (23,714 )   146,564  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other assets:

                                

Regulatory assets

     —     341,877     2,542     —     344,419  

Investments in affiliates

     492,188     —     —     (492,188 )   —  

Long-term affiliate notes receivable

     31,218     7,781     —     (38,999 )   —  

Other assets

     1,023     40,005     7,062     (205 )   47,885  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other assets

     524,429     389,663     9,604     (531,392 )   392,304  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 545,764   $ 1,849,682   $ 161,278   $ (560,800 ) $ 1,995,924  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CAPITALIZATION AND LIABILITIES

  

Capitalization:

                                

Common stockholders' equity

   $ 473,712   $ 442,923   $ 54,774   $ (497,697 ) $ 473,712  

Affiliate long-term debt

     7,781     —     31,218     (38,999 )   —  

Long-term debt, less current maturities

     —     431,433     3,034     —     434,467  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total capitalization

     481,493     874,356     89,026     (536,696 )   908,179  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Current liabilities:

                                

Current maturities of long-term debt

     —     46,104     679     —     46,783  

Short-term borrowings

     64,475     25,000     —     —     89,475  

Payables to affiliates

     77     1,152     22,485     (23,714 )   —  

Accounts payable

     —     41,352     5,847     —     47,199  

Accrued expenses and other liabilities

     298     58,293     1,019     —     59,610  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     64,850     171,901     30,030     (23,714 )   243,067  

Unamortized investment tax credits

     —     2,180     —     —     2,180  

Deferred income taxes, net

     (579 )   155,481     4,334     (390 )   158,846  

Pension and postretirement benefits other than pensions

     —     244,901     —     —     244,901  

Regulatory and other liabilities

     —     83,942     8,651     —     92,593  

Advances for construction

     —     186,753     831     —     187,584  

Contributions in aid of construction

     —     130,168     28,406     —     158,574  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 545,764   $ 1,849,682   $ 161,278   $ (560,800 ) $ 1,995,924  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Year Ended December 31, 2013

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating revenue

   $ —   $ 552,327   $ 31,776   $ —   $ 584,103  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating expenses:

                                

Operations:

                                

Purchased water

     —     182,503     543     —     183,046  

Purchased power

     —     22,932     9,288     —     32,220  

Pump taxes

     —     10,795     —     —     10,795  

Administrative and general

     69     87,620     10,366     —     98,055  

Other

     —     63,237     7,005     (504 )   69,738  

Maintenance

     —     16,654     714     —     17,368  

Depreciation and amortization

     56     54,886     3,490     (112 )   58,320  

Income tax (benefit) expense

     (304 )   19,890     (1,880 )   1,341     19,047  

Taxes other than income taxes

     —     18,679     2,830     —     21,509  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating (income) expenses

     (179 )   477,196     32,356     725     510,098  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net operating income (loss)

     179     75,131     (580 )   (725 )   74,005  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other Income and Expenses:

                                

Non-regulated revenue

     2,323     13,606     1,918     (3,052 )   14,795  

Non-regulated expense

     (337 )   (9,465 )   (1,463 )   —     (11,265 )

Income tax (expense) on other income and expense

     (809 )   (1,687 )   (222 )   1,296     (1,422 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net other income

     1,177     2,454     233     (1,756 )   2,108  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest:

                                

Interest expense

     621     30,238     2,585     (2,547 )   30,897  

Less: capitalized interest

     —     (1,662 )   (376 )   —     (2,038 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest expense

     621     28,576     2,209     (2,547 )   28,859  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity earnings of subsidiaries

     46,519     —     —     (46,519 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ 47,254   $ 49,009   $ (2,556 ) $ (46,453 ) $ 47,254  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CALIFORNIA WATER SERVICE GROUP

CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Year Ended December 31, 2012

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating revenue

   $ —   $ 527,449   $ 32,517   $ —   $ 559,966  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating expenses:

                                

Operations:

                                

Purchased water

     —     160,913     423     —     161,336  

Purchased power

     —     21,435     9,592     —     31,027  

Pump taxes

     —     10,336     —     —     10,336  

Administrative and general

     —     84,399     9,528     —     93,927  

Other

     —     70,864     6,744     (504 )   77,104  

Maintenance

     —     18,478     664     —     19,142  

Depreciation and amortization

     —     52,012     2,774     (118 )   54,668  

Income tax (benefit) expense

     (583 )   18,992     (375 )   1,322     19,356  

Taxes other than income taxes

     —     16,630     2,597     —     19,227  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating (income) expenses

     (583 )   454,059     31,947     700     486,123  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net operating income

     583     73,390     570     (700 )   73,843  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other Income and Expenses:

                                

Non-regulated revenue

     1,919     15,204     2,420     (2,857 )   16,686  

Non-regulated expense

     —     (9,588 )   (1,965 )   —     (11,553 )

Gain on sale on non-utility property

     —     81     —     3     84  

Income tax (expense) on other income and expense

     (782 )   (2,321 )   (266 )   1,273     (2,096 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net other income

     1,137     3,376     189     (1,581 )   3,121  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest:

                                

Interest expense

     1,430     30,328     2,132     (2,353 )   31,537  

Less: capitalized interest

     —     (2,334 )   (1,067 )   —     (3,401 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest expense

     1,430     27,994     1,065     (2,353 )   28,136  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity earnings of subsidiaries

     48,538     —     —     (48,538 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ 48,828   $ 48,772   $ (306 ) $ (48,466 ) $ 48,828  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CALIFORNIA WATER SERVICE GROUP
CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Year Ended December 31, 2011

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating revenue

   $ —   $ 472,150   $ 29,664   $ —   $ 501,814  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating expenses:

                                

Operations:

                                

Purchased water

     —     142,355     215     —     142,570  

Purchased power

     —     20,719     9,334     —     30,053  

Pump taxes

     —     8,764     366     —     9,130  

Administrative and general

     —     77,622     8,136     —     85,758  

Other

     —     47,800     7,401     (505 )   54,696  

Maintenance

     —     19,916     782     —     20,698  

Depreciation and amortization

     —     47,872     2,637     (124 )   50,385  

Income tax (benefit) expense

     (580 )   23,727     (1,727 )   1,605     23,025  

Taxes other than income taxes

     —     15,908     2,424     —     18,332  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating (income) expenses

     (580 )   404,683     29,568     976     434,647  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net operating income

     580     67,467     96     (976 )   67,167  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other Income and Expenses:

                                

Non-regulated revenue

     2,248     12,972     4,322     (3,382 )   16,160  

Non-regulated expense

     —     (12,287 )   (3,535 )   —     (15,822 )

Gain on sale on non-utility property

     —     62     —     —     62  

Income tax (expense) on other income and expense

     (916 )   (304 )   (422 )   1,501     (141 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net other income

     1,332     443     365     (1,881 )   259  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest:

                                

Interest expense

     1,422     31,421     2,489     (2,877 )   32,455  

Less: capitalized interest

     —     (1,844 )   (897 )   —     (2,741 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net interest expense

     1,422     29,577     1,592     (2,877 )   29,714  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity earnings of subsidiaries

     37,222     —     —     (37,222 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ 37,712   $ 38,333   $ (1,131 ) $ (37,202 ) $ 37,712  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating activities:

                                

Net income (loss)

   $ 47,254   $ 49,009   $ (2,556 ) $ (46,453 ) $ 47,254  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

                                

Equity earnings of subsidiaries

     (46,519 )   —     —     46,519     —  

Dividends received from affiliates

     29,619     —     —     (29,619 )   —  

Depreciation and amortization

     56     56,670     3,636     (112 )   60,250  

Change in value of life insurance contracts

     —     (1,878 )   —     —     (1,878 )

Stock-based compensation

     1,832     —     —     —     1,832  

Changes in deferred income taxes

     —     9,800     —     —     9,800  

Other changes in noncurrent assets and liabilities            

     (76 )   11,899     (449 )   (49 )   11,325  

Changes in operating assets and liabilities

     544     226     (5,275 )   95     (4,410 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities            

     32,710     125,726     (4,644 )   (29,619 )   124,173  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                

Utility plant expenditures

     (712 )   (111,819 )   (10,457 )   —     (122,988 )

Investment in affiliates

     (35,000 )   —     —     35,000     —  

Affiliate advances

     (14,903 )   (2,575 )   1,210     16,268     —  

Proceeds from affiliate loans

     1,227     7,796     —     (9,023 )   —  

Purchase of life insurance

     —     (3,281 )   —     —     (3,281 )

Restricted cash decrease

     —     1,073     —     —     1,073  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) investing activities

     (49,388 )   (108,806 )   (9,247 )   42,245     (125,196 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

                                

Short-term borrowings

     20,615     50,000     —     —     70,615  

Repayment of short-term borrowings

     (68,275 )   (45,000 )   —     —     (113,275 )

Affiliate advances

     (14 )   (1,152 )   17,434     (16,268 )   —  

Reduction of affiliate long-term borrowings

     (7,796 )   —     (1,227 )   9,023     —  

Proceeds from long-term debt

     —     —     48     —     48  

Repayment of long-term debt

     —     (46,547 )   (701 )   —     (47,248 )

Advances and contributions in aid for construction            

     —     10,465     98     —     10,563  

Refunds of advances for construction

     —     (6,814 )   (108 )   —     (6,922 )

Dividends paid to non-affiliates

     (29,619 )   —     —     —     (29,619 )

Dividends paid to affiliates

     —     (26,691 )   (2,928 )   29,619     —  

Issuance of common stock

     105,577     —     —     —     105,577  

Investment from affiliates

     —     35,000     —     (35,000 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities            

     20,488     (30,739 )   12,616     (12,626 )   (10,261 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in cash and cash equivalents

     3,810     (13,819 )   (1,275 )   —     (11,284 )

Cash and cash equivalents at beginning of year

     1,470     34,609     2,711     —     38,790  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of year

   $ 5,280   $ 20,790   $ 1,436   $ —   $ 27,506  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CALIFORNIA WATER SERVICE GROUP

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating activities:

                                

Net income (loss)

   $ 48,828   $ 48,772   $ (306 ) $ (48,466 ) $ 48,828  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

                                

Equity earnings of subsidiaries

     (48,538 )   —     —     48,538     —  

Dividends received from affiliates

     26,387     —     —     (26,387 )   —  

Depreciation and amortization

     56     54,040     2,888     (118 )   56,866  

Change in value of life insurance contracts

     —     (2,504 )   —     —     (2,504 )

Stock-based compensation

     1,442     —     —     —     1,442  

Gain on sale of non-utility property

     —     (81 )   —     (3 )   (84 )

Changes in deferred income taxes

     —     34,133     —     —     34,133  

Other changes in noncurrent assets and liabilities

     102     (10,367 )   1,307     133     (8,825 )

Changes in operating assets and liabilities

     (170 )   9,035     (6,723 )   (84 )   2,058  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities            

     28,107     133,028     (2,834 )   (26,387 )   131,914  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                

Utility plant expenditures

     (281 )   (111,636 )   (15,761 )   (3 )   (127,681 )

Proceeds from sale of non-utility assets

     —     82     —     3     85  

Affiliate advances

     (12,245 )   254     (853 )   12,844     —  

Proceeds from affiliate loans

     552     48     —     (600 )   —  

Reduction of loans to affiliates

     (5,675 )   —     —     5,675     —  

Purchase of life insurance

     —     (3,294 )   —     —     (3,294 )

Restricted cash decrease

     —     1,959     —     —     1,959  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) investing activities

     (17,649 )   (112,587 )   (16,614 )   17,919     (128,931 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

                                

Short-term borrowings

     18,335     76,000     —     —     94,335  

Repayment of short-term borrowings

     (1,000 )   (51,000 )   —     —     (52,000 )

Affiliate advances

     23     962     11,859     (12,844 )   —  

Proceeds from affiliates long-term borrowings

     —     —     5,675     (5,675 )   —  

Reduction of affiliate long-term borrowings

     (48 )   —     (552 )   600     —  

Proceeds from long-term debt

     —     —     124     —     124  

Retirement of long-term debt

     —     (6,310 )   (727 )   —     (7,037 )

Advances and contributions in aid for construction            

     —     6,883     83     —     6,966  

Refunds of advances for construction

     —     (7,275 )   (122 )   —     (7,397 )

Dividends paid to non-affiliates

     (26,387 )   —     —     —     (26,387 )

Dividends paid to affiliates

     —     (23,567 )   (2,820 )   26,387     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) provided by financing activities            

     (9,077 )   (4,307 )   13,520     8,468     8,604  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in cash and cash equivalents

     1,381     16,134     (5,928 )   —     11,587  

Cash and cash equivalents at beginning of year

     89     18,475     8,639     —     27,203  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of year

   $ 1,470   $ 34,609   $ 2,711   $ —   $ 38,790  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

CALIFORNIA WATER SERVICE GROUP

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2011

 
   Parent
Company		   Cal Water   All Other
Subsidiaries		   Consolidating
Adjustments		   Consolidated  
 
   (In thousands)
  

Operating activities:

                                

Net income (loss)

   $ 37,712   $ 38,333   $ (1,131 ) $ (37,202 ) $ 37,712  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

                                

Equity earnings of subsidiaries

     (37,222 )   —     —     37,222     —  

Dividends received from affiliates

     25,674     —     —     (25,674 )   —  

Depreciation and amortization

     51     49,283     2,771     (124 )   51,981  

Change in value of life insurance contracts

     —     1,876     —     —     1,876  

Stock-based compensation

     1,300     —     —     —     1,300  

Gain on sale of non-utility property

     —     (62 )   —     —     (62 )

Change in deferred income taxes

     —     2,723     —     —     2,723  

Other changes in noncurrent assets and liabilities            

     (299 )   (45 )   684     53     393  

Changes in operating assets and liabilities

     582     11,662     3,054     51     15,349  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by operating activities

     27,798     103,770     5,378     (25,674 )   111,272  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing activities:

                                

Utility plant expenditures

     —     (98,410 )   (20,136 )   —     (118,546 )

Proceeds from sale of non-utility assets

     —     64     —     —     64  

Affiliate advances

     (25,495 )   1,597     —     23,898     —  

Reduction of loans to affiliates

     962     45     2,000     (3,007 )   —  

Purchase of life insurance

     —     (1,744 )   —     —     (1,744 )

Restricted cash increase

     —     (3,042 )   —     —     (3,042 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) investing activities

     (24,533 )   (101,490 )   (18,136 )   20,891     (123,268 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

                                

Short-term borrowings

     23,390     —     —     —     23,390  

Affiliate advances

     —     —     23,898     (23,898 )   —  

Reduction of affiliate long-term borrowings

     (2,045 )   —     (962 )   3,007     —  

Proceeds from long-term debt, net of issuance cost of $1,857

     —     —     178     —     178  

Retirement of long-term debt

     —     (2,279 )   (684 )   —     (2,963 )

Advances and contributions in aid for construction            

     —     7,082     149     —     7,231  

Refunds of advances for construction

     —     (6,129 )   (76 )   —     (6,205 )

Dividends paid to non-affiliates

     (25,674 )   —     —     —     (25,674 )

Dividends paid to affiliates

     —     (22,925 )   (2,749 )   25,674     —  

Issuance of common stock

     965     —     —     —     965  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash (used in) provided by financing activities            

     (3,364 )   (24,251 )   19,754     4,783     (3,078 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in cash and cash equivalents

     (99 )   (21,971 )   6,996     —     (15,074 )

Cash and cash equivalents at beginning of year

     188     40,446     1,643     —     42,277  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of year

   $ 89   $ 18,475   $ 8,639   $ —   $ 27,203  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​