AMERICAN STATES WATER CO

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

AWR$89.90-0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets - December 31, 202 and

CONSOLIDATED BALANCE SHEETS

	December 31,
(in thousands)	2023	2022
Assets
Utility Plant
Regulated utility plant, at cost:
Water	$2,082,927	$2,006,468
Electric	156,471	133,815
Total	2,239,398	2,140,283
Non-regulated utility property, at cost	40,223	38,066
Total utility plant, at cost	2,279,621	2,178,349
Less — accumulated depreciation	(624,472)	(606,231)
	1,655,149	1,572,118
Construction work in progress	237,131	181,648
Net utility plant	1,892,280	1,753,766
Other Property and Investments
Goodwill	1,116	1,116
Other property and investments	42,932	36,907
Total other property and investments	44,048	38,023
Current Assets
Cash and cash equivalents	14,073	5,997
Accounts receivable — customers, less allowance for doubtful accounts	34,250	26,206
Unbilled receivable (Note 2)	23,516	20,663
Receivable from U.S. government, less allowance for doubtful accounts (Note 2)	49,306	34,974
Other accounts receivable, less allowance for doubtful accounts	6,340	4,215
Income taxes receivable	52	3,901
Materials and supplies	17,574	14,623
Regulatory assets — current	45,144	14,028
Prepayments and other current assets	5,767	5,450
Contract assets (Note 2)	9,956	9,390
Purchase power contract derivative at fair value (Note 5)	—	11,847
Total current assets	205,978	151,294
Other Assets
Unbilled revenue — receivable from U.S. government (Note 2)	4,886	6,456
Receivable from U.S. government (Note 2)	42,183	50,482
Contract assets (Note 2)	4,422	5,592
Operating lease right-of-use assets	7,982	9,535
Regulatory assets	25,585	5,694
Other	18,758	13,532
Total other assets	103,816	91,291
Total Assets	$2,246,122	$2,034,374

CONSOLIDATED BALANCE SHEETS

	December 31,
(in thousands)	2023	2022
Capitalization and Liabilities
Capitalization
Common shareholders’ equity	$776,109	$709,549
Long-term debt	575,555	446,547
Total capitalization	1,351,664	1,156,096
Current Liabilities
Notes payable to banks	42,000	255,500
Long-term debt — current	353	399
Accounts payable	68,705	84,849
Income taxes payable	492	1,848
Accrued other taxes	14,654	16,257
Accrued employee expenses	14,738	13,996
Accrued interest	8,607	5,308
Regulatory liabilities	—	4,574
Contract liabilities (Note 2)	1,352	903
Operating lease liabilities	1,856	1,892
Purchase power contract derivative at fair value (Note 5)	2,360	—
Other	11,506	10,996
Total current liabilities	166,623	396,522
Other Credits
Notes payable to banks	291,500	22,000
Advances for construction	67,431	64,351
Contributions in aid of construction — net	151,414	147,918
Deferred income taxes	161,577	149,677
Regulatory liabilities	1,222	40,602
Unamortized investment tax credits	1,011	1,082
Accrued pension and other post-retirement benefits	32,652	33,636
Operating lease liabilities	6,619	8,090
Other	14,409	14,400
Total other credits	727,835	481,756
Commitments and Contingencies (Notes 14 and 15)
Total Capitalization and Liabilities	$2,246,122	$2,034,374

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.