SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2012

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

AMERICAN STATES WATER COMPANY
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED BALANCE SHEET

	December 31,
(in thousands)	2012		2011
Assets
Cash and equivalents	$	311	$	981
Inter-company loan receivables	15,013		10,292
Deferred tax assets	633		—
Income taxes receivable and other receivables	1,415		1,447
Total current assets	17,372		12,720
Investments in subsidiaries	435,373		395,415
Other assets	2,421		3,010
Total assets	$	455,166	$	411,145
Liabilities and Capitalization
Notes payable to bank	$	—	$	2,000
Deferred taxes and other liabilities	117		166
Total current liabilities	117		2,166
Deferred taxes	49		—
Income taxes payable and other liabilities	421		313
Total other liabilities	470		313
Common shareholders’ equity	454,579		408,666
Total capitalization	454,579		408,666
Total liabilities and capitalization	$	455,166	$	411,145

The accompanying condensed note is an integral part of these condensed financial statements.

CONDENSED STATEMENTS OF INCOME

	For the Years Ended December 31,
(In thousands, except per share amounts)	2012			2011			2010
Operating revenues and other income	$	64		$	238		$	—
Operating expenses and other expenses	120			521			1,385
Income before equity in earnings of subsidiaries and income taxes	(56		)	(283		)	(1,385		)
Equity in earnings of subsidiaries	54,212			46,483			34,165
Income before income taxes	54,156			46,200			32,780
Income tax expense (benefit)	8			341			(417		)
Net income	$	54,148		$	45,859		$	33,197
Weighted Average Number of Common Shares Outstanding	18,999			18,693			18,585
Basic Earnings Per Common Share	$	2.83		$	2.44		$	1.78
Weighted Average Number of Diluted Common Shares Outstanding	19,131			18,837			18,736
Fully Diluted Earnings per Common Share	$	2.82		$	2.43		$	1.77

The accompanying condensed note is an integral part of these condensed financial statements.

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
(in thousands)	2012			2011			2010
Cash Flows From Operating Activities	$	16,885		$	17,945		$	17,627
Cash Flows From Investing Activities:
Loans (made to)/repaid from, wholly-owned subsidiaries	(4,720		)	36,786			(22,475		)
Increase in investment of subsidiary	—			(10,000		)	(20,000		)
Proceeds from the sale of CCWC	—			29,603			—
Net cash provided (used) in investing activities	(4,720		)	56,389			(42,475		)
Cash Flows From Financing Activities:
Proceeds from the issuance of common stock	—			1,658			1,838
Proceeds from stock option exercises	13,295			2,350			857
Net change in notes payable to banks	(2,000		)	(58,900		)	43,500
Dividends paid	(24,130		)	(20,552		)	(19,326		)
Net cash (used) provided from financing activities	(12,835		)	(75,444		)	26,869
Increase (decrease) in cash and equivalents	(670		)	(1,110		)	2,021
Cash and equivalents at beginning of period	981			2,091			70
Cash and equivalents at the end of period	$	311		$	981		$	2,091