Business Segments:

3 Months Ended

Mar. 31, 2013

Business Segments:

Business Segments:

Note 9 — Business Segments:

AWR has three reportable segments, water, electric and contracted services, whereas GSWC has two segments, water and electric. AWR has no material assets other than its investments in its subsidiaries on a stand-alone basis.  All activities of GSWC are geographically located within California.

Activities of ASUS and its subsidiaries are conducted in California, Georgia, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia.  Each of ASUS’s wholly-owned subsidiaries is regulated 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 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 plants 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.

	As Of And For The Three Months Ended March 31, 2013
	GSWC				ASUS		AWR			Consolidated
(dollars in thousands)	Water		Electric		Contracts		Parent			AWR
Operating revenues	$	69,233	$	10,734	$	30,585	$	—		$	110,552
Operating income	21,763		1,833		4,367		—			27,963
Interest expense, net	5,194		376		60		(39		)	5,591
Utility Plant	883,863		40,963		4,712		—			929,538
Depreciation and amortization expense (1)	8,930		592		294		—			9,816
Income tax expense	6,941		722		1,666		(80		)	9,249
Capital additions	17,878		233		314		—			18,425

	As Of And For The Three Months Ended March 31, 2012
	GSWC				ASUS		AWR			Consolidated
(dollars in thousands)	Water		Electric		Contracts		Parent			AWR
Operating revenues	$	66,201	$	10,813	$	29,878	$	—		$	106,892
Operating income (loss)	14,851		3,856		4,741		(81		)	23,367
Interest expense, net	5,406		393		54		2			5,855
Utility Plant	853,533		39,526		4,776		—			897,835
Depreciation and amortization expense (1)	9,597		623		270		—			10,490
Income tax expense	4,355		1,400		1,829		42			7,626
Capital additions	13,940		539		488		—			14,967

(1) Depreciation computed on GSWC’s transportation equipment of $250,000 and $577,000 for the three months ended March 31, 2013 and 2012, respectively, is recorded in administrative and general expenses.

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

	March 31,
	2013		2012
Total utility plant	$	929,538	$	897,835
Other assets	359,976		348,794
Total consolidated assets	$	1,289,514	$	1,246,629