← H2O AMERICA
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $73.8m | $85.0m | $94.0m | $102.6m | |
| Net Income (Loss) Attributable to Parent | $52.8m | $59.2m | $38.8m | $23.4m | $61.5m | $60.5m | $73.8m | $85.0m | $94.0m | $102.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $61.1m | $38.8m | $23.6m | $61.5m | $60.5m | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $1.9m | $0 | $224k | $0 | $0 | — | — | — | — | |
| Depreciation, Depletion and Amortization | $46.3m | $50.5m | $56.9m | $68.5m | $91.6m | $96.5m | $106.4m | $108.1m | $115.0m | $120.5m | |
| Amortization of Intangible Assets | $530k | $616k | $647k | $745k | $1.4m | $1.6m | $3.9m | $1.3m | $1.4m | $1.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $106.4m | $108.1m | $115.0m | $120.5m | |
| Deferred Income Tax Expense (Benefit) | $4.8m | ($436k) | ($9.5m) | ($1.2m) | ($5.5m) | ($2.9m) | ($3.2m) | ($8.5m) | $10.4m | $5.2m | |
| Deferred income taxes | $4.8m | ($436k) | ($9.5m) | ($1.2m) | ($5.5m) | ($2.9m) | ($3.2m) | ($8.5m) | $10.4m | $5.2m | |
| Deferred Income Tax | — | — | — | — | — | — | ($3.2m) | ($8.5m) | $10.4m | $5.2m | |
| Deferred Tax | — | — | — | — | — | — | ($3.2m) | ($8.5m) | $10.4m | $5.2m | |
| Share-based Payment Arrangement, Noncash Expense | $1.7m | $2.6m | $2.1m | $3.4m | $3.6m | $4.2m | $4.8m | $4.6m | $5.6m | $6.4m | |
| Share-based Payment Arrangement, Expense | $1.7m | $2.6m | $2.1m | $3.4m | $3.6m | $4.2m | $4.8m | $4.6m | $5.6m | $6.4m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | $2.2m | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | $12.5m | $0 | ($20k) | — | $7.5m | $6.2m | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $33.5m | $35.4m | $10.1m | $8.5m | $8.4m | $8.4m | $8.5m | $6.0m | $9.0m | $12.4m | |
| Operating Lease, Lease Income | — | — | — | — | — | $5.4m | $5.6m | $5.7m | $6.1m | $243k | |
| Other Nonoperating Income (Expense) | $1.4m | $1.9m | $2.5m | $2.1m | $5.9m | $6.8m | $4.4m | $8.9m | $55k | $3.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Payable | ($337k) | $2.9m | $2.1m | $1.9m | ($357k) | $4.8m | ($1.4m) | $492k | $4.2m | $9.3m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $75k | — | — | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | $104k | $0 | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $10.4m | $6.9m | $0 | $929k | $948k | $3.0m | $0 | — | — | — | |
| General and Administrative Expense | $48.0m | $55.0m | $48.9m | $66.3m | $79.7m | $87.3m | $95.4m | $98.7m | $105.8m | $126.0m | |
| Goodwill | — | — | — | $628.3m | $628.1m | $640.5m | $640.3m | $640.3m | $640.3m | $640.3m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | ($527k) | $0 | $0 | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | $117k | — | — | — | — | — | — | |
| Stock-based compensation | $1.7m | $2.6m | $2.1m | $3.4m | $3.6m | $4.2m | $4.8m | $4.6m | $5.6m | $6.4m | |
| Allowance for equity funds used during construction | — | — | $0 | $0 | ($1.2m) | ($1.9m) | ($1.6m) | ($2.1m) | ($2.4m) | ($6.2m) | |
| Loss on sale of nonutility properties and other assets | — | — | — | — | — | — | ($6.2m) | $0 | $572k | $0 | |
| Accounts receivable and accrued unbilled revenue | ($5.4m) | ($1.7m) | ($2.0m) | ($3.9m) | ($18.9m) | ($5.9m) | ($8.2m) | ($10.9m) | ($12.7m) | ($3.2m) | |
| Accounts payable and other current liabilities | ($337k) | $2.9m | $2.1m | $1.9m | ($357k) | $4.8m | ($1.4m) | $492k | $4.2m | $9.3m | |
| Accrued groundwater extraction charges, purchased water and power | $3.7m | $3.5m | ($688k) | $2.9m | $2.0m | ($2.0m) | $2.5m | $4.8m | $639k | $4.2m | |
| Tax receivable and payable, and other accrued taxes | ($680k) | $2.2m | $5.8m | ($6.0m) | ($3.6m) | ($6.4m) | ($12.0m) | ($22.4m) | ($18.4m) | ($18.3m) | |
| Postretirement benefits | ($349k) | ($769k) | $203k | ($4.0m) | ($3.0m) | ($4.3m) | ($7.1m) | ($1.5m) | ($4.4m) | ($5.7m) | |
| Regulatory assets and liabilities excluding income tax temporary differences and postretirement benefits | — | — | — | — | — | ($14.6m) | $1.7m | $12.3m | ($1.8m) | $7.4m | |
| Up-front service concession payments | — | — | — | — | — | — | $0 | $0 | ($23.9m) | $0 | |
| Other noncurrent assets and liabilities | — | — | — | — | — | $13.4m | $17.9m | $20.8m | $21.0m | $26.1m | |
| Proceeds from litigation settlement, net | — | — | — | — | — | — | — | $0 | $0 | $16.9m | |
| Other changes, net | $355k | $397k | ($3.1m) | $1.2m | ($190k) | ($462k) | ($515k) | ($1.2m) | ($117k) | ($755k) | |
| Company-funded | ($129.1m) | ($141.2m) | ($136.0m) | ($164.3m) | ($195.3m) | ($233.9m) | ($218.8m) | ($271.8m) | ($353.0m) | ($489.6m) | |
| Contributions in aid of construction | ($13.1m) | ($7.8m) | ($8.5m) | ($13.6m) | ($17.1m) | ($17.1m) | ($22.9m) | ($16.9m) | ($24.2m) | ($30.1m) | |
| Additions to nonutility assets and real estate investments | — | — | — | — | — | ($826k) | ($631k) | ($24.2m) | ($29k) | $0 | |
| Payments for business acquisitions | — | — | — | — | — | ($23.6m) | ($433k) | ($7.5m) | $0 | $0 | |
| Cost to retire utility plant, net of salvage | ($3.4m) | ($3.4m) | ($3.9m) | ($5.0m) | ($2.6m) | ($2.8m) | ($2.5m) | ($2.1m) | ($3.4m) | ($3.1m) | |
| Borrowings from lines of credit | $62.1m | $56.5m | $76.0m | $105.3m | $276.2m | $96.6m | $158.8m | $146.4m | $242.0m | $436.5m | |
| Repayments of lines of credit | ($82.5m) | ($45.7m) | ($1.0m) | ($192.1m) | ($218.3m) | ($208.7m) | ($62.2m) | ($134.5m) | ($295.3m) | ($468.8m) | |
| Long-term borrowings | $51.0m | $0 | $0 | $590.0m | $85.0m | $247.0m | $55.0m | $70.0m | $185.3m | $185.2m | |
| Repayments of long-term borrowings | ($16.6m) | ($2.7m) | $0 | ($1.4m) | ($28.9m) | ($76.1m) | ($89.2m) | ($4.3m) | ($49.0m) | ($3.9m) | |
| Receipts of advances and contributions in aid of construction | $14.4m | $12.6m | $10.9m | $18.9m | $23.9m | $26.4m | $23.8m | $22.4m | $33.1m | $59.9m | |
| Refunds of advances for construction | ($2.5m) | ($2.6m) | ($2.7m) | ($2.9m) | ($2.8m) | ($2.9m) | ($2.9m) | ($2.8m) | ($3.0m) | ($4.4m) | |
| Interest | $24.0m | $25.3m | $27.0m | — | — | — | $63.7m | $67.5m | $73.3m | $79.4m | |
| Interest, net of amounts capitalized | — | $25.3m | $27.0m | $32.1m | $60.0m | $58.2m | $63.7m | $67.5m | $69.7m | $72.1m | |
| Income taxes | $27.5m | $34.1m | $13.8m | $16.4m | $10.4m | $8.5m | $6.9m | $23.0m | ($598k) | $3.2m | |
| Accrued payables for additions to utility plant | — | — | — | — | $24.6m | $20.6m | $22.6m | $35.9m | $41.7m | $48.1m | |
| Utility property installed by developers | $9.6m | $3.7m | $1.7m | $3.1m | $9.8m | $2.7m | $2.4m | $3.3m | $2.5m | $3.7m | |
| Accrued selling expenses on sale of real estate investments | — | — | — | — | — | — | — | $0 | $2.2m | $0 | |
| Seller financing in asset acquisition, net of discount | — | — | — | — | — | $0 | $0 | $15.4m | $0 | $0 | |
| Beginning Cash Position | — | — | — | — | — | — | $12.1m | $12.3m | $9.7m | $11.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $78.4m | $128.8m | $146.0m | $284.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($244.3m) | ($322.3m) | ($340.1m) | ($520.1m) | |
| Change In Account Payable | — | — | — | — | — | — | ($1.4m) | $492k | $4.2m | $9.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | $2.5m | $4.8m | $639k | $4.2m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($764k) | $9.3m | $4.0m | ($1.7m) | |
| Change In Payable | — | — | — | — | — | — | ($1.4m) | $492k | $4.2m | $9.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.1m | $5.3m | $4.9m | $13.5m | |
| Change In Receivables | — | — | — | — | — | — | ($8.2m) | ($10.9m) | ($12.7m) | ($3.2m) | |
| Change In Working Capital | — | — | — | — | — | — | ($7.9m) | $3.7m | ($3.8m) | $8.5m | |
| Changes In Cash | — | — | — | — | — | — | $225k | ($2.6m) | $1.4m | $9.6m | |
| End Cash Position | — | — | — | — | — | — | $12.3m | $9.7m | $11.1m | $20.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $78.4m | $128.8m | $146.0m | $284.9m | |
| Free Cash Flow | — | — | — | — | — | — | ($78.0m) | ($99.9m) | ($185.1m) | ($278.1m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($11.4m) | ($6.2m) | — | $572k | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($244.3m) | ($322.3m) | ($340.1m) | ($520.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $39.1m | $80.7m | $85.0m | $122.8m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($433k) | ($7.5m) | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($244.2m) | ($290.7m) | ($380.6m) | ($522.9m) | |
| Operating Gains Losses | — | — | — | — | — | ($11.4m) | ($6.2m) | — | $572k | — | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | ($1.2m) | $0 | $0 | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | ($1.6m) | ($2.1m) | ($26.3m) | $1.6m | |
| Purchase Of Business | — | — | — | — | — | — | ($433k) | ($7.5m) | $0 | $0 | |
| Purchase Of PPE | — | — | — | — | — | — | ($244.2m) | ($290.7m) | ($380.6m) | ($522.9m) | |
| Sale Of Business | — | — | — | — | — | $18.2m | $975k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $114.1m | $101.1m | $91.3m | $130.0m | $104.1m | $130.0m | $166.2m | $190.8m | $195.5m | $244.8m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($244.2m) | ($290.7m) | ($380.6m) | ($522.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($631k) | $233k | $40.6m | $2.8m | |
| Purchase Of Investment Properties | — | — | — | — | — | ($826k) | ($631k) | ($24.2m) | ($29k) | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | $927k | $0 | — | — | — | |
| Proceeds from sale of real estate investments and release of escrow deposit | — | — | — | — | — | — | — | $233k | $40.6m | $2.8m | |
| Proceeds receivable from sale of real estate investments | — | — | — | — | — | — | — | $0 | $2.8m | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | — | $233k | $40.6m | $2.8m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | ($233k) | — | — | |
| Net Other Investing Changes | — | — | — | — | — | $18.2m | $975k | ($24.2m) | ($29k) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($122.1m) | ($113.9m) | ($146.8m) | ($1.0b) | ($214.3m) | ($260.0m) | ($244.3m) | ($322.3m) | ($340.1m) | ($520.1m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $51.0m | $0 | $0 | $590.0m | $85.0m | $247.0m | $55.0m | $70.0m | $185.3m | $185.2m | |
| Issuance Of Debt | — | — | — | — | — | — | $213.8m | $216.4m | $427.3m | $621.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $55.0m | $70.0m | $185.3m | $185.2m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $62.4m | $77.6m | $83.1m | $149.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($34.2m) | $65.7m | $136.4m | $181.3m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $96.6m | $11.9m | ($53.3m) | ($32.3m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $158.8m | $146.4m | $242.0m | $436.5m | |
| Repayments of Long-term Debt | $16.6m | $2.7m | $0 | $1.4m | $28.9m | $76.1m | $89.2m | $4.3m | $49.0m | $3.9m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($89.2m) | ($4.3m) | ($49.0m) | ($3.9m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($151.4m) | ($138.8m) | ($344.2m) | ($472.7m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($62.2m) | ($134.5m) | ($295.3m) | ($468.8m) | |
| Proceeds from Issuance of Common Stock | — | — | $411.4m | ($10k) | $0 | $91.0m | $39.1m | $80.7m | $85.0m | $122.8m | |
| Issuance of common stock, net of issuance costs | $0 | $0 | $411.4m | ($10k) | $0 | $91.0m | $39.1m | $80.7m | $85.0m | $122.8m | |
| Common Stock Issuance | — | — | — | — | — | — | $39.1m | $80.7m | $85.0m | $122.8m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $39.1m | $80.7m | $85.0m | $122.8m | |
| Payments of Ordinary Dividends, Common Stock | $17 | $21 | $23 | $34 | $37 | $40 | $44 | $48 | $52 | $59 | |
| Dividends paid | ($17) | ($21) | ($23) | ($34) | ($37) | ($40) | ($44) | ($48) | ($52) | ($59) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($43.6m) | ($47.9m) | ($52.1m) | ($58.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($43.6m) | ($47.9m) | ($52.1m) | ($58.6m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $397k | ($3.1m) | $1.2m | ($190k) | ($462k) | ($515k) | ($1.2m) | ($117k) | ($755k) | |
| Net Other Financing Charges | — | — | — | — | — | — | $20.4m | $18.5m | $30.0m | $71.7m | |
| Net Cash Provided by (Used in) Financing Activities | $28.2m | ($4.8m) | $468.4m | $485.0m | $101.5m | $132.8m | $78.4m | $128.8m | $146.0m | $284.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $412.9m | ($402.8m) | ($8.7m) | $2.9m | $225k | ($2.6m) | $1.4m | $9.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $420.7m | $17.9m | $9.3m | $12.1m | $12.3m | $9.7m | $11.1m | $20.7m | |
| Net change in cash and cash equivalents | $20.1m | ($17.6m) | $412.9m | ($402.8m) | ($8.7m) | $2.9m | $225k | ($2.6m) | $1.4m | $9.6m | |
| Cash and cash equivalents, beginning of year | $5.2m | $25.4m | $420.7m | $17.9m | $9.3m | $12.1m | $12.3m | $9.7m | $11.1m | $20.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $225k | ($2.6m) | $1.4m | $9.6m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $32.1m | $60.0m | $58.2m | $63.7m | $67.5m | $69.7m | $72.1m | |
| Income Taxes Paid, Net | $27.5m | $34.1m | $13.8m | $16.4m | $10.4m | $8.5m | $6.9m | $23.0m | ($598k) | $3.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.