← H2O AMERICA
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $6.3m | $7.8m | $420.7m | $12.9m | $5.3m | $10.9m | $12.3m | $9.7m | $11.1m | $20.7m | |
| Cash and cash equivalents | $6.3m | $7.8m | — | — | — | — | $12.3m | $9.7m | $11.1m | $20.7m | |
| Prepaid expenses | — | — | — | $6.6m | $8.1m | $9.7m | $9.8m | $11.1m | $10.3m | $11.6m | |
| Other current assets | $4.4m | $4.8m | $4.9m | $9.6m | $5.1m | $4.9m | $6.1m | $6.1m | $8.6m | $8.1m | |
| Assets, Current | $99.6m | $66.9m | $502.7m | $122.0m | $127.3m | $134.1m | $154.7m | $198.4m | $190.7m | $190.6m | |
| Total current assets | $99.6m | $66.9m | $502.7m | $122.0m | $127.3m | $134.1m | $154.7m | $198.4m | $190.7m | $190.6m | |
| Property, Plant and Equipment, Net | $50.5m | $45.1m | $44.0m | $44.1m | — | — | — | — | — | $1.6m | |
| Goodwill | — | — | $1.7m | $628.3m | $628.1m | $640.5m | $640.3m | $640.3m | $640.3m | $640.3m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | — | — | $42.1m | $41.1m | |
| Intangible assets | $24.0m | $14.4m | $15.8m | $33.4m | $35.2m | $36.3m | $36.0m | $35.9m | $51.6m | $51.7m | |
| Other Assets, Noncurrent | $7.8m | $2.7m | $4.1m | $4.7m | $805.9m | $819.1m | $806.7m | $962.9m | $977.8m | $1.0b | |
| Total other assets | $7.8m | $2.7m | $4.1m | $4.7m | $805.9m | $819.1m | $806.7m | $962.9m | $977.8m | $1.0b | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $16.4m | $17.3m | $19.2m | $36.3m | $46.8m | $53.7m | $59.2m | $67.9m | $68.7m | $62.5m | |
| Land | $17.9m | $17.8m | $18.3m | $34.4m | $36.8m | $39.0m | $40.0m | $41.4m | $44.7m | $44.6m | |
| Depreciable plant and equipment | — | — | — | $3.0b | $3.2b | $3.4b | $3.7b | $4.0b | $4.2b | $4.7b | |
| Construction work in progress | $70.5m | $45.9m | $68.8m | $112.2m | $110.0m | $176.4m | $116.9m | $107.0m | $179.5m | $269.3m | |
| Less: accumulated depreciation and amortization | $520.0m | $553.1m | $607.1m | $962.0m | $1.0b | $1.1b | $1.2b | $981.6m | $1.0b | $103k | |
| Net utility plant | $1.1b | $1.2b | $1.3b | $2.2b | $2.3b | $2.5b | $2.6b | $3.2b | $3.5b | $3.9b | |
| Nonutility properties | $1.7b | $1.8b | $1.9b | $3.2b | $3.4b | $3.6b | $3.9b | $4.2b | $4.5b | $1.7m | |
| Net nonutility properties | $50.5m | $45.1m | $44.0m | $44.1m | — | — | — | — | $1.2m | $1.6m | |
| Customers, net of allowances for uncollectible accounts of $722 and $1,172 in 2025 and 2024, respectively | $16.4m | $17.3m | $19.2m | $36.3m | $46.8m | $53.7m | $59.2m | $67.9m | $68.7m | $62.5m | |
| Income tax | $9.8m | $8.0m | $1.9m | $8.8m | $7.0m | $2.3m | $0 | $5.2m | $6.0m | $2.7m | |
| Other | $3.4m | $1.1m | $1.2m | $2.8m | $6.9m | $10.9m | $24.3m | $8.1m | $28.9m | $35.9m | |
| Current regulatory assets | $16.1m | $0 | $26.9m | $6.5m | $1.7m | $2.6m | $16.1m | $4.3m | $18.2m | $8.3m | |
| Regulatory assets, less current portion | $135.7m | $99.6m | $76.7m | $113.9m | $156.5m | $152.0m | $127.3m | $235.9m | $224.1m | $246.5m | |
| Investments | — | — | $0 | $12.9m | $14.4m | $15.8m | $14.8m | $16.4m | $18.1m | $19.7m | |
| Lines of credit | $14.2m | $25.0m | $100.0m | $117.2m | $175.1m | $63.0m | $159.6m | $171.5m | $119.1m | $86.8m | |
| Current regulatory liabilities | — | — | — | — | — | — | $3.7m | $3.1m | $1.1m | $0 | |
| Other current liabilities | $7.0m | $7.9m | $9.1m | $16.2m | $19.2m | $27.8m | $22.9m | $20.8m | $23.2m | $20.9m | |
| Deferred income taxes | $205.2m | $85.8m | $79.7m | $195.6m | $191.4m | $200.5m | $218.2m | $238.5m | $276.0m | $307.9m | |
| Advances for construction | $84.8m | $83.7m | $80.6m | $112.3m | $125.0m | $130.7m | $137.7m | $146.6m | $155.4m | $201.4m | |
| Contributions in aid of construction | $151.6m | $160.8m | $168.2m | $286.0m | $296.1m | $316.5m | $323.7m | $326.5m | $340.7m | $342.7m | |
| Regulatory liabilities, less current portion | $0 | $62.5m | $59.1m | $0 | — | — | $118.8m | $461.1m | $483.7m | $546.8m | |
| Total utility plant | $1.6b | $1.7b | $1.8b | $3.0b | — | — | — | — | $4.5b | $5.1b | |
| Total stockholders’ equity | $421.6m | $463.2m | $889.3m | $890.0m | $917.2m | $1.0b | $1.1b | $1.2b | $1.4b | $1.5b | |
| Total capitalization | $855.0m | $894.3m | $1.3b | $2.2b | $2.2b | $2.5b | $2.6b | $2.8b | $3.1b | $3.4b | |
| Total capitalization and liabilities | $1.4b | $1.5b | $2.0b | $3.1b | $3.3b | $3.5b | $3.6b | $4.3b | $4.7b | $5.1b | |
| Assets | $1.4b | $1.5b | $2.0b | $3.1b | $3.3b | $3.5b | $3.6b | $4.3b | $4.7b | $5.1b | |
| Total assets | $1.4b | $1.5b | $2.0b | $3.1b | $3.3b | $3.5b | $3.6b | $4.3b | $4.7b | $5.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $18.7m | $23.0m | $24.9m | $34.9m | $34.2m | $30.4m | $29.6m | $46.1m | $56.3m | $75.4m | |
| Long-term Debt, Current Maturities | $125k | $0 | $0 | $22.3m | $76.2m | $39.1m | $4.4m | $49.0m | $3.6m | $23.5m | |
| Long-term Debt, Excluding Current Maturities | $433.3m | $431.1m | $431.4m | $1.3b | $1.3b | $1.5b | $1.5b | $1.5b | $1.7b | $1.9b | |
| Accrued unbilled revenue | $24.3m | $27.9m | $28.0m | $40.1m | $45.0m | $44.0m | $45.7m | $49.5m | $60.8m | $69.0m | |
| Long-term debt, less current portion | $433.3m | $431.1m | $431.4m | $1.3b | $1.3b | $1.5b | $1.5b | $1.5b | $1.7b | $1.9b | |
| Current portion of long-term debt | $125k | $0 | $0 | $22.3m | $76.2m | $39.1m | $4.4m | $49.0m | $3.6m | $23.5m | |
| Accrued groundwater extraction charges, purchased water and power | $10.8m | $14.4m | $13.7m | $17.2m | $19.2m | $17.2m | $19.7m | $24.5m | $25.1m | $29.3m | |
| Accrued interest | $6.3m | $6.9m | $7.1m | $13.1m | $12.9m | $14.2m | $13.9m | $15.8m | $17.5m | $18.2m | |
| Accrued payroll | $4.7m | $6.0m | $7.2m | $11.6m | $14.0m | $11.6m | $11.9m | $12.2m | $15.2m | $19.1m | |
| Liabilities, Current | $63.6m | $85.1m | $164.0m | $234.6m | $350.8m | $203.3m | $264.6m | $343.0m | $261.2m | $273.4m | |
| Total current liabilities | $63.6m | $85.1m | $164.0m | $234.6m | $350.8m | $203.3m | $264.6m | $343.0m | $261.2m | $273.4m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $191.4m | $200.5m | $218.2m | $238.5m | $276.0m | $307.9m | |
| Other Liabilities, Noncurrent | $13.1m | $13.0m | $13.5m | $22.3m | $21.8m | $24.0m | $25.9m | $22.5m | $22.3m | $23.9m | |
| Postretirement benefit plans | $70.2m | $72.8m | $70.5m | $108.0m | $121.6m | $90.0m | $59.7m | $46.8m | $45.1m | $45.9m | |
| Other noncurrent liabilities | $13.1m | $13.0m | $13.5m | $22.3m | $21.8m | $24.0m | $25.9m | $22.5m | $22.3m | $23.9m | |
| Deferred Tax Liabilities, Net | — | — | — | — | $191.4m | $200.5m | $218.2m | $238.5m | $276.0m | $307.9m | |
| Commitments and Contingencies | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $21k | $21k | $28k | $28k | $29k | $30k | $31k | $32k | $34k | $36k | |
| Retained Earnings (Accumulated Deficit) | $338.4m | $376.1m | $393.9m | $383.2m | $408.0m | $428.3m | $458.4m | $495.4m | $537.2m | $581.1m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1.5m | $2.2m | $0 | $126k | ($1.1m) | ($163k) | $1.5m | $1.8m | $2.0m | $1.5m | |
| Additional Paid in Capital, Common Stock | $81.7m | $84.9m | $495.4m | $506.6m | $510.2m | $606.4m | $651.0m | $736.2m | $827.8m | $958.2m | |
| Common stock, $0.001 par value; authorized 70,000,000 shares in 2025 and 2024; issued and outstanding 36,118,242 shares in 2025 and 33,629,169 shares in 2024 | 21k | 21k | 28k | 28k | 29k | 30k | 31k | 32k | 34k | 36k | |
| Additional paid-in capital | $81.7m | $84.9m | $495.4m | $506.6m | $510.2m | $606.4m | $651.0m | $736.2m | $827.8m | $958.2m | |
| Accumulated other comprehensive income | $1.5m | $2.2m | $0 | $126k | ($1.1m) | ($163k) | $1.5m | $1.8m | $2.0m | $1.5m | |
| Stockholders' Equity Attributable to Parent | $421.6m | $463.2m | $889.3m | $890.0m | $917.2m | $1.0b | $1.1b | $1.2b | $1.4b | $1.5b | |
| Liabilities and Equity | $1.4b | $1.5b | $2.0b | $3.1b | $3.3b | $3.5b | $3.6b | $4.3b | $4.7b | $5.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.