AMERICAN STATES WATER CO
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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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Consolidated Balance Sheets - December 31, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Assets | ||
| Utility Plant | ||
| Regulated utility plant, at cost: | ||
| Water | $2,227,311 | $2,082,927 |
| Electric | 171,127 | 156,471 |
| Total | 2,398,438 | 2,239,398 |
| Non-regulated utility property, at cost | 44,457 | 40,223 |
| Total utility plant, at cost | 2,442,895 | 2,279,621 |
| Less — accumulated depreciation | (648,199) | (624,472) |
| 1,794,696 | 1,655,149 | |
| Construction work in progress | 304,929 | 237,131 |
| Net utility plant | 2,099,625 | 1,892,280 |
| Other Property and Investments | 50,418 | 42,932 |
| 50,418 | 42,932 | |
| Current Assets | ||
| Cash and cash equivalents | 26,661 | 14,073 |
| Accounts receivable — customers, less allowance for doubtful accounts | 37,699 | 34,250 |
| Unbilled receivable (Note 2) | 28,446 | 23,516 |
| Receivable from U.S. government, less allowance for doubtful accounts (Note 2) | 41,000 | 49,306 |
| Other accounts receivable, less allowance for doubtful accounts | 6,415 | 6,340 |
| Income taxes receivable | 65 | 52 |
| Materials and supplies | 15,140 | 17,574 |
| Regulatory assets — current | 50,504 | 45,144 |
| Prepayments and other current assets | 7,286 | 5,767 |
| Contract assets (Note 2) | 20,130 | 9,956 |
| Total current assets | 233,346 | 205,978 |
| Other Assets | ||
| Unbilled revenue — receivable from U.S. government (Note 2) | 3,423 | 4,886 |
| Receivable from U.S. government (Note 2) | 35,486 | 42,183 |
| Contract assets (Note 2) | 1,518 | 4,422 |
| Operating lease right-of-use assets | 8,028 | 7,982 |
| Regulatory assets | 27,101 | 25,585 |
| Other | 41,264 | 19,874 |
| Total other assets | 116,820 | 104,932 |
| Total Assets | $2,500,209 | $2,246,122 |
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Capitalization and Liabilities | ||
| Capitalization | ||
| Common shareholders’ equity | $920,051 | $776,109 |
| Long-term debt | 640,382 | 575,555 |
| Total capitalization | 1,560,433 | 1,351,664 |
| Current Liabilities | ||
| Notes payable to banks | 124,000 | 42,000 |
| Long-term debt — current | 385 | 353 |
| Accounts payable | 88,591 | 68,705 |
| Income taxes payable | 481 | 492 |
| Accrued other taxes | 16,694 | 14,654 |
| Accrued employee expenses | 15,523 | 14,738 |
| Accrued interest | 8,133 | 8,607 |
| Contract liabilities (Note 2) | 5,662 | 1,352 |
| Operating lease liabilities | 2,074 | 1,856 |
| Purchase power contract derivative at fair value (Note 5) | 8,823 | 2,360 |
| Other | 15,159 | 11,506 |
| Total current liabilities | 285,525 | 166,623 |
| Other Credits | ||
| Notes payable to banks | 165,000 | 291,500 |
| Advances for construction | 69,856 | 67,431 |
| Contributions in aid of construction — net | 160,306 | 151,414 |
| Deferred income taxes | 180,173 | 161,577 |
| Regulatory liabilities | 22,926 | 1,222 |
| Unamortized investment tax credits | 942 | 1,011 |
| Accrued pension and other post-retirement benefits | 33,816 | 32,652 |
| Operating lease liabilities | 6,394 | 6,619 |
| Other | 14,838 | 14,409 |
| Total other credits | 654,251 | 727,835 |
| Commitments and Contingencies (Notes 14 and 15) | ||
| Total Capitalization and Liabilities | $2,500,209 | $2,246,122 |
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