v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
|
| Income Statement [Abstract] | ||||
| Operating revenue | $ 311,235 | $ 299,563 | $ 780,162 | $ 814,611 |
| Operations: | ||||
| Water production costs | 102,703 | 95,091 | 251,197 | 236,920 |
| Administrative and general | 36,237 | 35,453 | 103,728 | 103,091 |
| Other operations | 33,455 | 33,618 | 93,986 | 86,169 |
| Maintenance | 9,812 | 9,264 | 26,523 | 26,064 |
| Depreciation and amortization | 36,118 | 33,065 | 108,103 | 98,887 |
| Income taxes | 10,639 | 15,483 | 18,589 | 39,710 |
| Property and other taxes | 11,656 | 10,841 | 33,267 | 30,962 |
| Total operating expenses | 240,620 | 232,815 | 635,393 | 621,803 |
| Net operating income | 70,615 | 66,748 | 144,769 | 192,808 |
| Other income and expenses: | ||||
| Non-regulated revenue | 5,349 | 4,133 | 15,341 | 14,744 |
| Non-regulated expenses | (2,456) | (934) | (8,790) | (7,013) |
| Other components of net periodic benefit credit | 4,548 | 4,451 | 13,937 | 12,062 |
| Allowance for equity funds used during construction | 2,145 | 1,691 | 5,840 | 5,252 |
| Income taxes on other income and expenses | (1,960) | (1,939) | (5,415) | (4,566) |
| Net other income | 7,626 | 7,402 | 20,913 | 20,479 |
| Interest expense: | ||||
| Interest expense | 18,113 | 14,384 | 52,086 | 45,024 |
| Allowance for borrowed funds used during construction | (988) | (788) | (2,772) | (2,358) |
| Net interest expense | 17,125 | 13,596 | 49,314 | 42,666 |
| Net income | 61,116 | 60,554 | 116,368 | 170,621 |
| Net loss attributable to noncontrolling interest | (114) | (126) | (361) | (527) |
| Net income attributable to California Water Service Group | $ 61,230 | $ 60,680 | $ 116,729 | $ 171,148 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 1.03 | $ 1.03 | $ 1.96 | $ 2.93 |
| Diluted (in dollars per share) | $ 1.03 | $ 1.03 | $ 1.96 | $ 2.93 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 59,585 | 58,931 | 59,557 | 58,321 |
| Diluted (in shares) | 59,653 | 58,982 | 59,615 | 58,358 |
| X | ||||||||||
- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit included in other income and expenses of a utility. No definition available.
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit included in operating expense of a utility. No definition available.
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- Definition Amount of defined benefit plan cost (credit), classified as other. No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. No definition available.
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- Definition Total interest costs incurred during the period and either capitalized or charged against earnings. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total increase in earnings in the period representing the cost of equity (based on assumed rate of return) and/or borrowed funds (based on interest rate) used to finance construction of regulated assets, which is expected to be recovered through rate adjustments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of regulated water operating revenues recognized during the period. No definition available.
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- Definition The amount of unregulated operating revenues recognized during the period. No definition available.
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- Definition Amount of operating expense of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating expense for depreciation and amortization of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating expense for routine plant maintenance and repairs of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other operating expense of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating expense for products and services of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating expense for taxes other than income taxes of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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