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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Revenues      
Water $ 302,931 $ 328,511 $ 326,672
Electric 35,771 36,039 34,387
Contracted services 97,385 94,091 104,732
Total operating revenues 436,087 458,641 465,791
Operating Expenses      
Water purchased 64,442 62,726 57,790
Power purchased for pumping 8,663 8,988 10,700
Groundwater production assessment 14,993 13,648 16,450
Power purchased for resale 10,387 10,395 9,649
Supply cost balancing accounts (12,206) 7,785 6,346
Other operation 28,257 28,429 28,288
Administrative and general 80,994 79,817 78,268
Depreciation and amortization [1] 38,850 42,033 41,073
Maintenance 16,470 16,885 16,092
Property and other taxes 16,801 16,636 16,722
Construction and Development Costs 53,720 52,810 65,368
Total operating expenses 321,371 340,152 346,746
Operating Income 114,716 118,489 119,045
Other Income and Expenses      
Interest expense (21,992) (21,088) (21,617)
Interest income 757 458 927
Other, net 997 356 751
Total other income and expenses (20,238) (20,274) (19,939)
Income from operations before income tax expense 94,478 98,215 99,106
Income tax expense 34,735 37,731 38,048
Net Income $ 59,743 $ 60,484 $ 61,058
Basic Earnings Per Common Share      
Income from continuing operations (in dollars per share) $ 1.63 $ 1.61 $ 1.57
Net Income (in dollars per share) 1.63 1.61 1.57
Fully Diluted Earnings Per Share      
Income from continuing operations (in dollars per share) 1.62 1.60 1.57
Net Income (in dollars per share) $ 1.62 $ 1.60 $ 1.57
Weighted Average Number of Shares Outstanding (in shares) 36,552 37,389 38,658
Weighted Average Number of Diluted Shares (in shares) 36,750 37,614 38,880
Dividends Declared Per Common Share (in dollars per share) $ 0.914 $ 0.874 $ 0.831
GSWC      
Operating Revenues      
Water $ 302,931 $ 328,511 $ 326,672
Electric 35,771 36,039 34,387
Total operating revenues 338,702 364,550 361,059
Operating Expenses      
Water purchased 64,442 62,726 57,790
Power purchased for pumping 8,663 8,988 10,700
Groundwater production assessment 14,993 13,648 16,450
Power purchased for resale 10,387 10,395 9,649
Supply cost balancing accounts (12,206) 7,785 6,346
Other operation 24,771 24,892 25,548
Administrative and general 64,066 64,877 65,814
Depreciation and amortization 37,804 40,893 39,854
Maintenance 14,519 14,693 13,945
Property and other taxes 15,444 15,244 15,221
Total operating expenses 242,883 264,141 261,317
Operating Income 95,819 100,409 99,742
Other Income and Expenses      
Interest expense (21,782) (20,998) (21,524)
Interest income 749 440 894
Other, net 792 212 751
Total other income and expenses (20,241) (20,346) (19,879)
Income from operations before income tax expense 75,578 80,063 79,863
Income tax expense 28,609 32,472 32,006
Net Income $ 46,969 $ 47,591 $ 47,857
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