Business Segments: (Tables)

3 Months Ended

Mar. 31, 2018

AWR has three reportable segments, water, electric and contracted services, whereas GSWC has two segments, water and electric. On a stand-alone basis, AWR has no material assets other than its investments in its subsidiaries.

All activities of GSWC, a rate-regulated utility, are geographically located within California. Activities of ASUS and its subsidiaries are conducted in California, Georgia, Florida, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia. In September 2017, ASUS was awarded a new 50-year contract by the U.S. government for water and wastewater operations at Fort Riley located in Kansas. ASUS expects to assume operations at Fort Riley following the completion of a six-to-twelve-month transition period currently underway. Each of ASUS’s wholly owned subsidiaries is regulated, if applicable, by the state in which the subsidiary primarily conducts water and/or wastewater operations. Fees charged for operations and maintenance and renewal and replacement services are based upon the terms of the contracts with the U.S. government which have been filed, as appropriate, with the commissions in the states in which ASUS’s subsidiaries are incorporated.

The tables below set forth information relating to GSWC’s operating segments, ASUS and its subsidiaries and other matters. Total assets by segment are not presented below, as certain of Registrant’s assets are not tracked by segment. The utility plant amounts are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash, and exclude U.S. government- and third-party contractor-funded capital expenditures for ASUS and property installed by developers and conveyed to GSWC.



	As Of And For The Three Months Ended March 31, 2018
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	64,412	$	9,832	$	20,484		$	—		$	94,728
Operating income (loss)	14,058		2,239		2,397			(3		)	18,691
Interest expense, net	5,009		370		(66		)	74			5,387
Utility plant	1,149,038		60,261		9,531			—			1,218,830
Depreciation and amortization expense (1)	8,769		565		332			—			9,666
Income tax expense (benefit)	1,649		466		554			(105		)	2,564
Capital additions	26,618		974		2,772			—			30,364



	As Of And For The Three Months Ended March 31, 2017
	GSWC						AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent			AWR
Operating revenues	$	66,404	$	10,502	$	21,904	$	—		$	98,810
Operating income (loss) (2)	19,097		2,779		2,704		(4		)	24,576
Interest expense, net	5,145		375		74		52			5,646
Utility plant	1,075,513		56,015		5,631		—			1,137,159
Depreciation and amortization expense (1)	8,901		537		245		—			9,683
Income tax expense (benefit)	5,485		788		861		(279		)	6,855
Capital additions	22,984		723		287		—			23,994

(1) Depreciation computed on GSWC’s transportation equipment is recorded in other operating expenses and totaled $60,000

and $61,000 for the three months ended March 31, 2018 and 2017, respectively.

(2) Adjusted to conform to current year presentation pursuant to the adoption of ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.

The following table reconciles total utility plant (a key figure for ratemaking) to total consolidated assets (in thousands):



	March 31,
	2018		2017
Total utility plant	$	1,218,830	$	1,137,159
Other assets	204,834		343,109
Total consolidated assets	$	1,423,664	$	1,480,268

Schedule of reporting segments information



	As Of And For The Three Months Ended March 31, 2018
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	64,412	$	9,832	$	20,484		$	—		$	94,728
Operating income (loss)	14,058		2,239		2,397			(3		)	18,691
Interest expense, net	5,009		370		(66		)	74			5,387
Utility plant	1,149,038		60,261		9,531			—			1,218,830
Depreciation and amortization expense (1)	8,769		565		332			—			9,666
Income tax expense (benefit)	1,649		466		554			(105		)	2,564
Capital additions	26,618		974		2,772			—			30,364



	As Of And For The Three Months Ended March 31, 2017
	GSWC						AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent			AWR
Operating revenues	$	66,404	$	10,502	$	21,904	$	—		$	98,810
Operating income (loss) (2)	19,097		2,779		2,704		(4		)	24,576
Interest expense, net	5,145		375		74		52			5,646
Utility plant	1,075,513		56,015		5,631		—			1,137,159
Depreciation and amortization expense (1)	8,901		537		245		—			9,683
Income tax expense (benefit)	5,485		788		861		(279		)	6,855
Capital additions	22,984		723		287		—			23,994

(1) Depreciation computed on GSWC’s transportation equipment is recorded in other operating expenses and totaled $60,000

and $61,000 for the three months ended March 31, 2018 and 2017, respectively.

Schedule of reconciliation of total utility plant (a key figure for rate-making) to total consolidated assets

The following table reconciles total utility plant (a key figure for ratemaking) to total consolidated assets (in thousands):



	March 31,
	2018		2017
Total utility plant	$	1,218,830	$	1,137,159
Other assets	204,834		343,109
Total consolidated assets	$	1,423,664	$	1,480,268