US-listed companies
CALIFORNIA WATER SERVICE GROUP

CALIFORNIA WATER SERVICE GROUPCWT

Market cap

$3.1B

P/E ratio

60.4x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Land	38	42	42	42	42	40	43	44	45	46	45	46	47
Depreciable plant and equipment	-	-	2,043	2,191	2,302	2,522	2,730	2,950	3,235	3,646	3,900	4,216	4,558
Construction work in progress	99	132	109	90	142	133	176	210	245	171	223	247	288
Intangible assets	16	19	18	19	21	22	22	25	25	28	30	28	33
Total utility plant	1,960	2,096	2,213	2,342	2,507	2,717	2,970	3,229	3,550	3,890	4,197	4,536	4,925
Less accumulated depreciation and amortization	579	639	697	752	805	858	922	997	1,144	1,240	1,350	1,477	1,152
Net utility plant	1,381	1,457	1,516	1,590	1,702	1,859	2,048	2,233	2,406	2,651	2,847	3,059	3,773
Cash and cash equivalents	27	39	28	20	9	26	95	47	43	45	78	62	40
Restricted cash	-	-	-	-	-	-	-	-	-	-	-	23	45
Customers, net	28	30	31	26	32	30	32	30	32	44	61	55	59
Regulatory Asset, Current	22	34	31	53	35	30	37	42	38	96	79	67	64
Other, net	6	12	19	14	15	17	16	17	14	20	18	21	16
Unbilled revenue, net	15	15	17	24	23	25	30	33	35	34	33	33	37
Public Utilities, Inventory	6	6	6	6	6	6	6	7	8	9	10	13	16
Taxes, prepaid expenses, and other assets	9	11	8	12	8	7	11	12	15	18	22	22	18
Total current assets	114	147	139	154	128	142	228	189	185	266	300	296	296
Regulatory assets	320	344	252	390	362	356	401	354	433	325	286	284	258
Goodwill	3	3	3	3	3	3	3	3	3	32	37	37	37
Other	31	40	45	45	47	52	61	60	84	120	153	176	231
Total other assets	360	392	305	443	417	410	465	416	520	478	476	496	526
TOTAL ASSETS	1,855	1,996	1,960	2,187	2,246	2,412	2,740	2,838	3,111	3,394	3,623	3,851	4,596
Common Stock, Value, Issued	0	0	0	0	0	0	0	0	0	1	1	1	1
Additional paid-in capital	220	221	328	331	333	335	336	338	362	449	651	760	877
Retained earnings	230	252	270	296	309	324	357	392	417	472	526	557	550
Noncontrolling interests	-	-	-	-	-	-	-	-	-	-	5	5	4
Total equity	-	-	-	-	-	-	-	-	-	-	1,183	1,322	1,430
Long-term debt, net	482	434	426	419	512	532	516	710	787	781	1,056	1,052	1,053
Total capitalization	931	908	1,025	1,046	1,154	1,191	1,209	1,440	1,567	1,702	2,239	2,375	2,483
Long-Term Debt, Current Maturities	7	47	8	7	7	26	16	105	22	5	5	3	1
Short-Term Debt	47	89	47	79	34	97	275	65	175	370	35	70	180
Accounts payable	49	47	55	59	66	78	94	96	108	132	144	141	157
Regulatory balancing accounts	3	5	2	6	2	5	59	12	5	35	18	12	22
Accrued other taxes	4	3	4	4	3	4	4	4	4	4	5	9	5
Accrued interest	5	5	4	4	5	6	6	6	6	6	7	6	7
Other accrued liabilities	-	-	47	58	31	35	37	34	39	37	43	53	60
Total current liabilities	152	243	167	218	148	250	491	321	359	589	257	295	430
Deferred income taxes	-	-	-	-	-	-	-	213	223	276	299	330	353
Regulatory Liabilities	28	-	-	36	35	39	180	211	211	181	180	214	684
Pension	-	-	-	-	-	-	-	-	-	-	92	78	-
Pension	232	245	145	271	236	223	252	194	259	116	-	-	83
Advances for construction	-	-	-	-	-	-	-	186	191	196	198	200	199
Contributions in aid of construction	154	159	168	170	178	181	187	225	242	268	286	285	286
Other long-term liabilities	51	57	52	47	47	45	44	45	59	67	73	74	77
Commitments and Contingencies	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL CAPITALIZATION AND LIABILITIES	1,855	1,996	1,960	2,187	2,246	2,412	2,740	2,838	3,111	3,394	3,623	3,851	4,596