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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues      
Water $ 433,473 $ 340,602 $ 347,112
Electric 41,832 39,986 38,345
Contracted services 120,394 110,940 113,396
Total operating revenues 595,699 491,528 498,853
Operating Expenses      
Water purchased 72,864 75,939 77,914
Power purchased for pumping 12,829 11,861 11,103
Groundwater production assessment 20,850 19,071 19,412
Power purchased for resale 13,275 15,039 11,240
Supply cost balancing accounts 12,118 (12,000) (11,421)
Other operation 40,271 38,095 34,738
Administrative and general 88,273 86,190 83,547
Depreciation and amortization 42,403 41,315 39,596
Maintenance 14,218 13,392 12,781
Property and other taxes 24,046 22,894 22,522
ASUS construction 57,912 53,171 56,909
Gain on sale of assets (100) (75) (465)
Total operating expenses 398,959 364,892 357,876
Operating Income 196,740 126,636 140,977
Other Income and Expenses      
Interest expense (42,762) (27,027) (22,834)
Interest income 7,416 2,326 1,493
Other, net 5,126 125 5,134
Total other income and expenses (30,220) (24,576) (16,207)
Income before income taxes 166,520 102,060 124,770
Income tax expense 41,599 23,664 30,423
Net Income $ 124,921 $ 78,396 $ 94,347
Basic Earnings Per Common Share      
Weighted Average Number of Shares Outstanding (in shares) 36,976 36,955 36,921
Basic earnings per Common Share (usd per share) $ 3.37 $ 2.12 $ 2.55
Fully Diluted Earnings Per Share      
Weighted Average Number of Diluted Shares (in shares) 37,077 37,039 37,010
Earnings Per Share, Diluted $ 3.36 $ 2.11 $ 2.55
Dividends Paid Per Common Share (in USD per share) $ 1.655 $ 1.525 $ 1.400
AWR      
Operating Revenues      
Total operating revenues $ 0 $ 0 $ 0
Operating Expenses      
Depreciation and amortization 0 0 0
Other Income and Expenses      
Income before income taxes 123,207 77,799 94,266
Income tax expense (1,714) (597) (81)
Net Income $ 124,921 $ 78,396 $ 94,347
Basic Earnings Per Common Share      
Weighted Average Number of Shares Outstanding (in shares) 36,976 36,955 36,921
Basic earnings per Common Share (usd per share) $ 3.37 $ 2.12 $ 2.55
Fully Diluted Earnings Per Share      
Weighted Average Number of Diluted Shares (in shares) 37,077 37,039 37,010
Earnings Per Share, Diluted $ 3.36 $ 2.11 $ 2.55
Dividends Paid Per Common Share (in USD per share) $ 1.655 $ 1.525 $ 1.400
GSWC      
Operating Revenues      
Water $ 433,473 $ 340,602 $ 347,112
Total operating revenues 433,473 340,602 347,112
Operating Expenses      
Water purchased 72,864 75,939 77,914
Power purchased for pumping 12,829 11,861 11,103
Groundwater production assessment 20,850 19,071 19,412
Supply cost balancing accounts 13,839 (8,643) (11,295)
Other operation 29,064 28,117 25,781
Administrative and general 59,313 58,358 55,552
Depreciation and amortization 35,886 34,805 33,384
Maintenance 9,906 9,559 9,056
Property and other taxes 19,845 19,080 19,041
Gain on sale of assets (100) 0 (409)
Total operating expenses 274,296 248,147 239,539
Operating Income 159,177 92,455 107,573
Other Income and Expenses      
Interest expense (31,283) (22,742) (21,474)
Interest income 5,557 1,083 428
Other, net 4,946 (680) 4,783
Total other income and expenses (20,780) (22,339) (16,263)
Income before income taxes 138,397 70,116 91,310
Income tax expense 35,689 16,346 22,095
Net Income $ 102,708 $ 53,770 $ 69,215