California Water Service Group (CWT)

CWT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,029	794.63	846.43	790.91	794.31	714.56
Revenue Growth (YoY)	31.76%	-6.12%	7.02%	-0.43%	11.16%	2.34%
Fuel & Purchased Power	269.49	269.49	269.1	262.13	264.08	243.82
Operations & Maintenance	157.87	144.46	147.89	115.98	123.89	116.9
Selling, General & Admin	140.18	142.26	132.76	126.92	117.11	108.65
Depreciation & Amortization	130.46	121.21	114.58	108.72	98.51	89.22
Other Operating Expenses	59.7	35.08	36.76	37.91	47.66	46.04
Total Operating Expenses	757.69	712.5	701.08	651.66	651.24	604.63
Operating Income	271.43	82.14	145.35	139.25	143.07	109.92
Interest Expense	-58.04	-52.81	-46.69	-44.98	-45.05	-44.89
Interest Income	0.3	0.3	0.18	0.17	0.05	0.09
Net Interest Expense	-57.74	-52.51	-46.51	-44.81	-45	-44.8
Allowance for Equity Funds for Construction	6.66	5.55	4.13	3.19	4.98	6.69
Allowance for Borrowed Funds for Construction	3.03	2.99	2.34	1.77	3.19	3.67
Other Non-Operating Income (Expenses)	11.74	6.43	-3.68	5.59	2.62	5.28
EBT Excluding Unusual Items	235.12	44.6	101.64	104.98	108.85	80.76
Gain (Loss) on Sale of Assets	-	-	-	0.09	-	0.03
Pretax Income	235.12	44.6	101.64	105.07	108.85	80.79
Income Tax Expense	34.56	-6.78	6.38	4.09	12.02	17.67
Earnings From Continuing Ops.	200.56	51.38	95.26	100.98	96.83	63.12
Minority Interest in Earnings	0.72	0.54	0.75	0.15	-	-
Net Income	201.28	51.91	96.01	101.13	96.83	63.12
Net Income to Common	201.28	51.91	96.01	101.13	96.83	63.12
Net Income Growth	386.74%	-45.93%	-5.06%	4.43%	53.42%	-3.76%
Shares Outstanding (Basic)	58	57	54	52	49	48
Shares Outstanding (Diluted)	58	57	54	52	49	48
Shares Change (YoY)	3.32%	4.82%	5.29%	4.79%	2.30%	0.22%
EPS (Basic)	3.46	0.91	1.77	1.96	1.97	1.31
EPS (Diluted)	3.46	0.91	1.77	1.96	1.97	1.31
EPS Growth	370.79%	-48.52%	-9.75%	-0.34%	50.01%	-3.68%
Free Cash Flow	-144.94	-168.75	-91.75	-61.48	-180.73	-104.98
Free Cash Flow Per Share	-2.49	-2.96	-1.69	-1.19	-3.67	-2.18
Dividend Per Share	1.100	1.040	1.000	0.920	0.850	0.790
Dividend Growth	6.80%	4.00%	8.70%	8.24%	7.59%	5.33%
Profit Margin	19.56%	6.53%	11.34%	12.79%	12.19%	8.83%
Free Cash Flow Margin	-14.08%	-21.24%	-10.84%	-7.77%	-22.75%	-14.69%
EBITDA	403.96	205.26	262.72	250.83	244	201.21
EBITDA Margin	39.25%	25.83%	31.04%	31.71%	30.72%	28.16%
D&A For EBITDA	132.53	123.12	117.36	111.58	100.94	91.29
EBIT	271.43	82.14	145.35	139.25	143.07	109.92
EBIT Margin	26.37%	10.34%	17.17%	17.61%	18.01%	15.38%
Effective Tax Rate	14.70%	-	6.27%	3.89%	11.04%	21.87%

Source: S&P Capital IQ. Utility template. Financial Sources.