Business Segments

6 Months Ended

Jun. 30, 2011

Business Segments

Business Segments

Note 11 — Business Segments

AWR has three reportable segments, water, electric and contracted services, whereas GSWC has two segments, water and electric. Within the segments, AWR has two continuing principal business units: water and electric service utility operations conducted through GSWC, CCWC (through May 31, 2011) and a contracted services unit conducted through ASUS and its subsidiaries. All activities of GSWC are geographically located within California.  The operating activities of CCWC have been included in discontinued operations as described in Note 10.  All activities of CCWC were located in the state of Arizona. Both GSWC and CCWC are rate-regulated utilities.

Activities of ASUS and its subsidiaries have been conducted in California, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia.  ASUS’s wholly owned subsidiaries are regulated by the state in which the subsidiary primarily conducts water and/or wastewater operations.  Fees charged for operation and maintenance and renewal and replacement services are based upon the terms of the contracts with the U.S. government which have been filed with the commissions in the states in which ASUS’s subsidiaries are incorporated.  On a stand-alone basis, AWR has no material assets other than its investments in its subsidiaries.

The tables below set forth information relating to GSWC’s operating segments, ASUS and its subsidiaries, and other matters. Certain assets, revenues and expenses have been allocated in the amounts set forth. The identifiable assets are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash and exclude property installed by developers and conveyed to GSWC and through May 31, 2011 for CCWC.

	As Of And For The Three Months Ended June 30, 2011
	GSWC				CCWC			ASUS		AWR			Consolidated
(dollars in thousands)	Water		Electric		Water			Contracts		Parent			AWR
Operating revenues	$	80,151	$	7,710	$	—		$	21,968	$	—		$	109,829
Operating income (loss) (1)	23,470		1,241		(106		)	4,537		(3		)	29,139
Interest expense, net	6,091		439		—			141		37			6,708
Identifiable assets	841,318		37,939		—			3,736		—			882,993
Depreciation and amortization expense	8,874		447		—			217		—			9,538
Income from discontinued operations, net of tax (2)	—		—		973			—		2,261			3,234
Capital additions	18,873		1,020		—			102		—			19,995
	As Of And For The Three Months Ended June 30, 2010
	GSWC				CCWC			ASUS		AWR			Consolidated
(dollars in thousands)	Water		Electric		Water			Contracts		Parent			AWR
Operating revenues	$	72,816	$	7,845	$	—		$	14,815	$	—		$	95,476
Operating income (loss) (1)	19,086		693		(233		)	1,623		(19		)	21,150
Interest expense, net	5,215		381		—			71		45			5,712
Identifiable assets	806,216		36,685		—			3,307		—			846,208
Depreciation and amortization expense	7,621		560		—			184		—			8,365
Income (loss) from discontinued operations, net of tax (2)	—		—		500			—		(395		)	105
Capital additions	21,419		294		148			508		—			22,369
	As Of And For The Six Months Ended June 30, 2011
	GSWC				CCWC			ASUS		AWR			Consolidated
(dollars in thousands)	Water		Electric		Water			Contracts		Parent			AWR
Operating revenues	$	144,477	$	18,434	$	—		$	41,225	$	—		$	204,136
Operating income (loss) (1)	38,568		3,181		(356		)	5,795		(54		)	47,134
Interest expense, net	11,192		816		—			225		82			12,315
Identifiable assets	841,318		37,939		—			3,736		—			882,993
Depreciation and amortization expense	17,830		1,007		—			438		—			19,275
Income from discontinued operations, net of tax (2)	—		—		1,612			—		2,256			3,868
Capital additions	35,086		1,629		—			580		—			37,295

	As Of And For The Six Months Ended June 30, 2010
	GSWC				CCWC			ASUS			AWR			Consolidated
(dollars in thousands)	Water		Electric		Water			Contracts			Parent			AWR
Operating revenues	$	128,873	$	18,824	$	—		$	36,245		$	—		$	183,942
Operating income (loss) (1)	28,262		3,176		(514		)	9,447			(70		)	40,301
Interest expense, net	10,269		757		—			(369		)	52			10,709
Identifiable assets	806,216		36,685		—			3,307			—			846,208
Depreciation and amortization expense	15,243		1,120		—			361			—			16,724
Income (loss) from discontinued operations, net of tax (2)	—		—		700			—			(395		)	305
Capital additions	36,710		741		214			680			—			38,345

(1)	Operating income (loss) include CCWC’s allocated corporate overhead costs that are expected to continue primarily at GSWC.
(2)	In accordance with the accounting guidance relating to assets held for sale, Registrant ceased recording depreciation expense for CCWC as of June 2010.