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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenues      
Water $ 306,332 $ 302,931 $ 328,511
Electric 33,969 35,771 36,039
Contracted services 100,302 97,385 94,091
Total operating revenues 440,603 436,087 458,641
Operating Expenses      
Water purchased 68,302 64,442 62,726
Power purchased for pumping 8,518 8,663 8,988
Groundwater production assessment 18,638 14,993 13,648
Power purchased for resale 10,720 10,387 10,395
Supply cost balancing accounts (17,939) (12,206) 7,785
Other operation 29,994 28,257 28,429
Administrative and general 81,662 80,994 79,817
Depreciation and amortization [1] 39,031 38,850 42,033
Maintenance 15,176 16,470 16,885
Property and other taxes 17,905 16,801 16,636
Construction and Development Costs 49,838 53,720 52,810
Gain (Loss) on Sale of Assets and Asset Impairment Charges (8,318) 0 0
Total operating expenses 313,527 321,371 340,152
Operating Income 127,076 114,716 118,489
Other Income and Expenses      
Interest expense (22,582) (21,992) (21,088)
Interest income 1,790 757 458
Other, net 2,057 997 356
Total other income and expenses (18,735) (20,238) (20,274)
Income before income tax expense 108,341 94,478 98,215
Income tax expense 38,974 34,735 37,731
Net Income $ 69,367 $ 59,743 $ 60,484
Basic Earnings Per Common Share      
Income from continuing operations (in dollars per share) $ 1.88 $ 1.63 $ 1.61
Net Income (in dollars per share) 1.88 1.63 1.61
Fully Diluted Earnings Per Share      
Income from continuing operations (in dollars per share) 1.88 1.62 1.60
Net Income (in dollars per share) $ 1.88 $ 1.62 $ 1.60
Weighted Average Number of Shares Outstanding (in shares) 36,638 36,552 37,389
Weighted Average Number of Diluted Shares (in shares) 36,844 36,750 37,614
Dividends Declared Per Common Share (in dollars per share) $ 0.994 $ 0.914 $ 0.874
GSWC      
Operating Revenues      
Water $ 306,332 $ 302,931 $ 328,511
Electric 33,969 35,771 36,039
Total operating revenues 340,301 338,702 364,550
Operating Expenses      
Water purchased 68,302 64,442 62,726
Power purchased for pumping 8,518 8,663 8,988
Groundwater production assessment 18,638 14,993 13,648
Power purchased for resale 10,720 10,387 10,395
Supply cost balancing accounts (17,939) (12,206) 7,785
Other operation 24,877 24,771 24,892
Administrative and general 62,231 64,066 64,877
Depreciation and amortization 37,852 37,804 40,893
Maintenance 12,970 14,519 14,693
Property and other taxes 16,402 15,444 15,244
Gain (Loss) on Sale of Assets and Asset Impairment Charges (8,318) 0 0
Total operating expenses 234,253 242,883 264,141
Operating Income 106,048 95,819 100,409
Other Income and Expenses      
Interest expense (22,055) (21,782) (20,998)
Interest income 1,766 749 440
Other, net 2,057 792 212
Total other income and expenses (18,232) (20,241) (20,346)
Income before income tax expense 87,816 75,578 80,063
Income tax expense 34,059 28,609 32,472
Net Income $ 53,757 $ 46,969 $ 47,591
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