XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Water $ 417,410 $ 433,473 $ 340,602
Electric 51,645 41,832 39,986
Contracted services 126,404 120,394 110,940
Total operating revenues 595,459 595,699 491,528
Operating Expenses      
Water purchased 74,274 72,864 75,939
Power purchased for pumping 15,025 12,829 11,861
Groundwater production assessment 24,145 20,850 19,071
Power purchased for resale 11,630 13,275 15,039
Supply cost balancing accounts (1,894) 12,118 (12,000)
Other operation 41,318 40,271 38,095
Administrative and general 100,941 88,273 86,190
Depreciation and amortization 43,647 42,403 41,315
Maintenance 20,255 14,218 13,392
Property and other taxes 27,091 24,046 22,894
ASUS construction 54,544 57,912 53,171
Gain on sale of assets 0 (100) (75)
Total operating expenses 410,976 398,959 364,892
Operating Income 184,483 196,740 126,636
Other Income and Expenses      
Interest Expense, Nonoperating 50,382 42,762 27,027
Interest income 7,874 7,416 2,326
Other, net 7,466 5,126 125
Total other income and expenses (35,042) (30,220) (24,576)
Income before income taxes 149,441 166,520 102,060
Income tax expense 30,173 41,599 23,664
Net Income $ 119,268 $ 124,921 $ 78,396
Basic Earnings Per Common Share      
Weighted Average Number of Shares Outstanding (in shares) 37,464 36,976 36,955
Basic earnings per Common Share (usd per share) $ 3.17 $ 3.37 $ 2.12
Fully Diluted Earnings Per Share      
Weighted Average Number of Diluted Shares (in shares) 37,583 37,077 37,039
Earnings Per Share, Diluted $ 3.17 $ 3.36 $ 2.11
Dividends Paid Per Common Share (in USD per share) $ 1.791 $ 1.655 $ 1.525
AWR      
Other Income and Expenses      
Income before income taxes $ 117,332 $ 123,207 $ 77,799
Income tax expense (1,936) (1,714) (597)
Net Income $ 119,268 $ 124,921 $ 78,396
Basic Earnings Per Common Share      
Weighted Average Number of Shares Outstanding (in shares) 37,464 36,976 36,955
Basic earnings per Common Share (usd per share) $ 3.17 $ 3.37 $ 2.12
Fully Diluted Earnings Per Share      
Weighted Average Number of Diluted Shares (in shares) 37,583 37,077 37,039
Earnings Per Share, Diluted $ 3.17 $ 3.36 $ 2.11
Dividends Paid Per Common Share (in USD per share) $ 1.791 $ 1.655 $ 1.525
GSWC      
Operating Revenues      
Water $ 417,410 $ 433,473 $ 340,602
Total operating revenues 417,410 433,473 340,602
Operating Expenses      
Water purchased 74,274 72,864 75,939
Power purchased for pumping 15,025 12,829 11,861
Groundwater production assessment 24,145 20,850 19,071
Supply cost balancing accounts (1,621) 13,839 (8,643)
Other operation 28,349 29,064 28,117
Administrative and general 64,510 59,313 58,358
Depreciation and amortization 37,187 35,886 34,805
Maintenance 9,788 9,906 9,559
Property and other taxes 22,233 19,845 19,080
Gain on sale of assets 0 (100) 0
Total operating expenses 273,890 274,296 248,147
Operating Income 143,520 159,177 92,455
Other Income and Expenses      
Interest Expense, Nonoperating 38,532 31,283 22,742
Interest income 6,018 5,557 1,083
Other, net 6,326 4,946 (680)
Total other income and expenses (26,188) (20,780) (22,339)
Income before income taxes 117,332 138,397 70,116
Income tax expense 22,869 35,689 16,346
Net Income $ 94,463 $ 102,708 $ 53,770