Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of reporting segments information

The tables below set forth information relating to AWR’s operating segments and AWR (parent). The utility plant balances are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash and exclude U.S. government-funded and third-party prime contractor funded capital expenditures for ASUS, and property installed by developers and conveyed to GSWC and BVES.


	As Of And For The Three Months Ended March 31, 2024
					Contracted		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Parent		AWR
Operating revenues	$	90,265	$	12,205	$	32,781	$	—	$	135,251
Operating income (loss)	29,167		3,141		6,667		(1)		38,974
Interest expense (income), net	7,881		865		317		1,722		10,785
Net property, plant and equipment	1,771,683		145,289		16,722		—		1,933,694
Depreciation and amortization expense (1)	9,034		884		804		—		10,722
Income tax expense (benefit)	5,824		560		1,560		(548)		7,396
Capital additions	41,278		5,216		1,056		—		47,550


	As Of And For The Three Months Ended March 31, 2023
					Contracted		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Parent		AWR
Operating revenues	$	112,712	$	12,904	$	35,807	$	—	$	161,423
Operating income (loss)	40,239		3,631		7,296		(1)		51,165
Interest expense (income), net	5,494		573		227		1,323		7,617
Net property, plant and equipment	1,638,031		125,093		17,337		—		1,780,461
Depreciation and amortization expense (1)	9,606		748		849		—		11,203
Income tax expense (benefit)	8,910		701		1,685		(544)		10,752
Capital additions	42,005		6,652		680		—		49,337

(1) Depreciation computed on GSWC’s and BVES’s transportation equipment is recorded in other operation expenses and totaled $163,000 and $368,000 for the three months ended March 31, 2024 and 2023, respectively. For the three months ended March 31, 2023, $212,000 of additional depreciation expense on GSWC’s transportation equipment was recorded that relates to the cumulative retroactive impact for the full year of 2022 approved in the CPUC’s final decision in GSWC’s general rate case that resulted in an increase to the transportation equipment composite depreciation rates that are retroactive to January 1, 2022.

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

The following table reconciles total net property, plant and equipment (a key figure for ratemaking) to total consolidated assets (in thousands):


	March 31,
	2024		2023
Total net property, plant and equipment	$	1,933,694	$	1,780,461
Other assets	359,202		279,911
Total consolidated assets	$	2,292,896	$	2,060,372