v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Operating revenue $ 194,044 $ 206,194 $ 325,144 $ 379,187
Operations:        
Water production costs 70,867 70,907 125,875 132,445
Administrative and general 34,975 32,686 70,961 66,097
Other operations 25,823 29,417 42,427 55,269
Maintenance 7,155 7,615 15,133 14,956
Depreciation and amortization 29,824 28,773 59,739 57,543
Income tax expense (benefit) 329 1,454 (5,315) 37
Property and other taxes 9,122 8,053 17,899 16,413
Total operating expenses 178,095 178,905 326,719 342,760
Net operating income (loss) 15,949 27,289 (1,575) 36,427
Other income and expenses:        
Non-regulated revenue 4,485 7,002 9,108 12,199
Non-regulated expenses (2,957) (8,541) (5,232) (15,527)
Other components of net periodic benefit credit 4,756 3,765 9,977 7,779
Allowance for equity funds used during construction 1,355 1,042 2,759 2,017
Income tax expense on other income and expenses (1,445) (345) (3,239) (857)
Net other income 6,194 2,923 13,373 5,611
Interest expense:        
Interest expense 13,491 11,586 26,309 23,081
Allowance for borrowed funds used during construction (795) (589) (1,624) (1,152)
Net interest expense 12,696 10,997 24,685 21,929
Net income (loss) 9,447 19,215 (12,887) 20,109
Net loss attributable to noncontrolling interests (109) (269) (232) (461)
Net income (loss) attributable to California Water Service Group $ 9,556 $ 19,484 $ (12,655) $ 20,570
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.17 $ 0.36 $ (0.23) $ 0.38
Diluted (in dollars per share) $ 0.17 $ 0.36 $ (0.23) $ 0.38
Weighted average shares outstanding:        
Basic (in shares) 56,692 54,007 56,182 53,870
Diluted (in shares) 56,730 54,042 56,182 53,918

Source

PDF HTML 10-Q Filing
ZIP XBRL