v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net income $ 29,948 $ 26,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,990 11,844
Provision for doubtful accounts 495 581
Deferred income taxes and investment tax credits (720) 2,153
Stock-based compensation expense 2,953 2,723
(Gain) loss on investments held in a trust 1,272 586
Other — net 254 233
Changes in assets and liabilities:    
Accounts receivable — customers (1,915) 3,105
Unbilled receivable (5,243) (6,576)
Other receivables 1,881 2,626
Receivables from the U.S. government 16,632 5,186
Materials and supplies (241) (376)
Prepayments and other assets (6,126) (5,975)
Contract assets (1,408) (2,900)
Regulatory assets/liabilities 11,802 1,143
Accounts payable (3,306) (2,387)
Income taxes receivable/payable 10,549 6,310
Contract liabilities (117) 2,085
Accrued pension and other postretirement benefits (193) 434
Other liabilities 2,131 (2,578)
Net cash provided (used) 71,638 45,061
Cash Flows From Investing Activities:    
Capital expenditures (49,051) (67,565)
Other investing activities 195 194
Net cash provided (used) (48,856) (67,371)
Cash Flows From Financing Activities:    
Proceeds from Issuance of Common Stock 6,230 25,715
Receipt of advances for and contributions in aid of construction 5,660 1,973
Refunds on advances for construction (1,147) (1,435)
Repayments of long-term debt (124) (119)
Proceeds from the issuance of long-term debt, net of issuance costs 0 49,807
Net changes in notes payable to banks (9,000) (40,000)
Dividends paid (19,699) (17,762)
Other financing activities (1,371) (1,301)
Net cash provided (used) (19,451) 16,878
Net change in cash and cash equivalents 3,331 (5,432)
Cash and cash equivalents, beginning of period 18,824 26,661
Cash and cash equivalents, end of period 22,155 21,229
Non-cash transactions:    
Accrued payables for investment in utility plant 36,009 31,099
Property installed by developers and conveyed 1,806 1,958
GOLDEN STATE WATER COMPANY    
Cash Flows From Operating Activities:    
Net income 21,683 19,906
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,943 10,067
Provision for doubtful accounts 445 412
Deferred income taxes and investment tax credits (459) 1,322
Stock-based compensation expense 2,852 2,604
(Gain) loss on investments held in a trust 1,272 586
Other — net 160 170
Changes in assets and liabilities:    
Accounts receivable — customers (948) 3,950
Unbilled receivable (1,466) 996
Other receivables 1,030 532
Materials and supplies (86) 96
Prepayments and other assets (2,954) (3,800)
Regulatory assets/liabilities 6,817 2,767
Accounts payable (2,919) (3,273)
Receivable/payable from/to affiliate 74 (765)
Income taxes receivable/payable 7,980 5,193
Accrued pension and other postretirement benefits (230) 400
Other liabilities 991 (4,297)
Net cash provided (used) 45,185 36,866
Cash Flows From Investing Activities:    
Capital expenditures (42,244) (57,858)
Other investing activities 195 182
Net cash provided (used) (42,049) (57,676)
Cash Flows From Financing Activities:    
Receipt of advances for and contributions in aid of construction 5,660 1,973
Refunds on advances for construction (1,147) (1,435)
Repayments of long-term debt (124) (119)
Net changes in notes payable to banks 9,000 19,000
Dividends paid (19,700) 0
Other financing activities (1,227) (1,174)
Net cash provided (used) (7,538) 18,245
Net change in cash and cash equivalents (4,402) (2,565)
Cash and cash equivalents, beginning of period 9,964 11,338
Cash and cash equivalents, end of period 5,562 8,773
Non-cash transactions:    
Accrued payables for investment in utility plant 34,970 29,355
Property installed by developers and conveyed $ 1,806 $ 1,958