American States Water (AWR) Financials

$79.67 +1.44 (+1.84%)

As of 03:58 PM Eastern

Annual Income Statements for American States Water

This table shows American States Water's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	60	60	69	64	84	86	94	78	125	119
Consolidated Net Income / (Loss)	60	60	69	64	84	86	94	78	125	119
Net Income / (Loss) Continuing Operations	60	60	69	64	84	86	94	78	125	119
Total Pre-Tax Income	98	94	108	82	109	115	125	102	167	149
Total Operating Income	118	114	127	101	127	130	141	127	197	184
Total Gross Profit	431	409	365	287	319	325	407	425	437	521
Total Revenue	459	436	441	437	474	488	499	492	596	595
Operating Revenue	459	436	441	437	474	488	499	492	596	595
Total Cost of Revenue	27	27	76	150	155	163	92	67	158	75
Operating Cost of Revenue	27	27	76	150	155	163	92	67	158	75
Total Operating Expenses	313	295	238	186	192	195	266	298	241	336
Selling, General & Admin Expense	108	110	112	114	116	117	118	124	129	142
Marketing Expense	14	15	19	19	19	20	19	19	21	24
Depreciation Expense	42	39	39	40	35	37	40	41	42	44
Other Operating Expenses / (Income)	96	78	77	12	22	21	89	114	49	126
Impairment Charge	0.00	0.00	-8.32	-0.09	-0.25	0.03	-0.47	-0.08	-0.10	0.00
Total Other Income / (Expense), net	-20	-20	-19	-19	-18	-16	-16	-25	-30	-35
Interest Expense	21	22	23	23	25	23	23	27	43	50
Interest & Investment Income	0.46	0.76	1.79	3.58	3.25	1.80	1.49	2.33	7.42	7.87
Other Income / (Expense), net	0.36	1.52	2.04	0.76	3.28	4.85	5.13	0.13	5.13	7.47
Income Tax Expense	38	35	39	18	25	28	30	24	42	30
Basic Earnings per Share	$1.61	$1.63	$1.88	$1.73	$2.28	$2.34	$2.55	$2.12	$3.37	$3.17
Weighted Average Basic Shares Outstanding	37.39M	36.55M	36.64M	36.73M	36.81M	36.88M	36.92M	36.96M	36.98M	37.46M
Diluted Earnings per Share	$1.60	$1.62	$1.88	$1.72	$2.28	$2.33	$2.55	$2.11	$3.36	$3.17
Weighted Average Diluted Shares Outstanding	37.61M	36.75M	36.84M	36.94M	36.96M	37.00M	37.01M	37.04M	37.08M	37.58M
Weighted Average Basic & Diluted Shares Outstanding	37.60M	36.70M	36.90M	36.90M	36.86M	36.90M	36.95M	36.97M	36.99M	38.16M
Cash Dividends to Common per Share	$0.87	$0.91	$0.99	$1.06	$1.16	$1.28	$1.40	$1.53	$1.66	$1.79

This table shows American States Water's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	26	19	34	39	32	20	23	32	36	28
Consolidated Net Income / (Loss)	26	19	34	39	32	20	23	32	36	28
Net Income / (Loss) Continuing Operations	26	19	34	39	32	20	23	32	36	28
Total Pre-Tax Income	34	23	45	52	41	29	31	42	46	31
Total Operating Income	40	28	51	59	52	35	39	52	55	39
Total Gross Profit	132	69	153	151	148	-15	132	152	156	81
Total Revenue	135	125	161	157	152	125	135	155	162	143
Operating Revenue	135	125	161	157	152	125	135	155	162	143
Total Cost of Revenue	3.41	56	8.14	6.25	4.10	140	3.23	3.54	6.19	62
Operating Cost of Revenue	3.41	56	8.14	6.25	4.10	140	3.23	3.54	6.19	62
Total Operating Expenses	91	41	102	92	96	-49	93	100	101	43
Selling, General & Admin Expense	31	31	34	31	31	32	35	34	35	38
Marketing Expense	5.65	4.35	3.83	5.37	5.99	5.66	4.85	5.82	6.97	6.50
Depreciation Expense	10	11	11	10	10	11	11	11	11	11
Other Operating Expenses / (Income)	44	-5.10	53	45	48	-98	43	49	47	-13
Total Other Income / (Expense), net	-6.33	-4.35	-6.01	-7.22	-11	-6.36	-8.44	-9.53	-9.18	-7.90
Interest Expense	7.33	7.78	9.48	11	12	11	13	13	13	11
Interest & Investment Income	0.67	0.94	1.86	1.80	2.13	1.62	2.07	2.09	1.74	1.97
Other Income / (Expense), net	0.34	2.50	1.61	1.71	-1.07	2.88	2.34	1.52	2.31	1.30
Income Tax Expense	8.36	4.64	11	13	9.55	8.10	7.40	10	10	2.36
Basic Earnings per Share	$0.69	$0.51	$0.93	$1.04	$0.85	$0.55	$0.62	$0.85	$0.95	$0.75
Weighted Average Basic Shares Outstanding	36.96M	36.96M	36.97M	36.98M	36.98M	36.98M	37.03M	37.31M	37.56M	37.46M
Diluted Earnings per Share	$0.69	$0.50	$0.93	$1.04	$0.85	$0.54	$0.62	$0.85	$0.95	$0.75
Weighted Average Diluted Shares Outstanding	37.04M	37.04M	37.05M	37.07M	37.07M	37.08M	37.11M	37.42M	37.68M	37.58M
Weighted Average Basic & Diluted Shares Outstanding	36.96M	36.97M	36.98M	36.98M	36.98M	36.99M	37.23M	37.46M	37.80M	38.16M
Cash Dividends to Common per Share	$0.40	$0.40	$0.40	$0.40	$0.43	$0.43	$0.43	$0.43	$0.47	$0.47

This table details how cash moves in and out of American States Water's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-72	-3.93	-0.22	6.93	-5.81	35	-32	1.03	8.08	13
Net Cash From Operating Activities	95	97	145	137	117	122	116	118	68	199
Net Cash From Continuing Operating Activities	95	97	145	137	117	120	116	118	68	199
Net Income / (Loss) Continuing Operations	60	60	69	64	84	86	94	78	125	119
Consolidated Net Income / (Loss)	60	60	69	64	84	86	94	78	125	119
Depreciation Expense	43	39	39	41	36	37	40	42	43	44
Non-Cash Adjustments To Reconcile Net Income	5.31	0.15	-1.23	-6.95	-0.57	-11	-6.50	7.50	-7.20	4.56
Changes in Operating Assets and Liabilities, net	-13	-2.06	37	39	-2.62	7.79	-12	-9.79	-93	31
Net Cash From Investing Activities	-90	-131	-80	-128	-153	-132	-145	-167	-189	-233
Net Cash From Continuing Investing Activities	-90	-131	-80	-128	-153	-133	-145	-167	-189	-233
Purchase of Property, Plant & Equipment	-87	-130	-113	-127	-152	-130	-145	-166	-189	-232
Other Investing Activities, net	0.00	-	-1.23	-1.55	-1.42	-1.28	-0.58	-0.86	-0.22	-0.82
Net Cash From Financing Activities	-77	30	-65	-1.81	31	45	-2.27	50	129	47
Net Cash From Continuing Financing Activities	-77	30	-65	-1.81	31	-77	-2.27	50	129	47
Repayment of Debt	-4.85	-5.72	-4.22	-4.21	-45	-77	38	66	50	-50
Payment of Dividends	-33	-33	-36	-39	-43	-70	-52	-56	-61	-67
Issuance of Debt	0.00	0.00	-31	37	110	159	0.00	35	130	65
Issuance of Common Equity	1.20	0.24	0.91	0.55	0.52	60	-	-	-	89
Other Financing Activities, net	33	69	5.98	4.30	8.54	-151	11	5.60	11	10

This table details how cash moves in and out of American States Water's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-8.57	3.74	-3.87	-1.10	7.58	5.47	-13	2.66	13	10
Net Cash From Operating Activities	33	28	6.96	11	39	11	46	25	64	65
Net Cash From Continuing Operating Activities	33	28	6.96	11	39	11	46	25	64	64
Net Income / (Loss) Continuing Operations	26	19	34	39	32	20	23	32	36	28
Consolidated Net Income / (Loss)	26	19	34	39	32	20	23	32	36	28
Depreciation Expense	10	11	12	10	10	11	11	11	11	11
Non-Cash Adjustments To Reconcile Net Income	1.62	-8.22	-6.44	-5.70	1.75	3.19	5.46	-8.23	2.72	4.61
Changes in Operating Assets and Liabilities, net	-4.46	6.45	-33	-32	-4.90	-23	6.33	-9.99	15	20
Net Cash From Investing Activities	-45	-45	-49	-39	-47	-54	-47	-61	-64	-60
Net Cash From Continuing Investing Activities	-45	-45	-49	-39	-47	-54	-47	-61	-64	-60
Purchase of Property, Plant & Equipment	-46	-44	-49	-39	-47	-52	-48	-62	-64	-58
Other Investing Activities, net	0.19	-1.18	0.17	0.66	0.13	-1.18	0.14	0.27	0.22	-1.44
Net Cash From Financing Activities	3.72	21	38	27	16	48	4.54	23	13	5.60
Net Cash From Continuing Financing Activities	3.72	21	38	27	16	48	-12	39	13	5.60
Repayment of Debt	-0.94	71	-0.82	-38	29	59	-0.87	-41	0.96	-9.00
Payment of Dividends	-15	-15	-15	-15	-16	-16	-16	-16	-17	-18
Issuance of Common Equity	-	-	-	-	-	-	-	-	27	30
Other Financing Activities, net	1.35	1.35	1.18	2.53	2.59	4.68	1.22	3.31	2.80	2.72

This table presents American States Water's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,344	1,470	1,417	1,501	1,641	1,792	1,901	2,034	2,246	2,500
Total Current Assets	133	167	155	131	122	157	138	151	206	233
Cash & Equivalents	4.36	0.44	0.21	7.14	1.33	37	4.96	6.00	14	27
Accounts Receivable	79	97	106	72	67	84	96	86	113	114
Inventories, net	5.42	4.29	4.80	5.78	6.43	8.62	12	15	18	15
Prepaid Expenses	3.23	3.74	5.60	6.06	5.41	5.56	5.32	5.45	5.77	7.29
Current Deferred & Refundable Income Taxes	11	18	4.74	2.16	5.69	0.10	0.24	3.90	0.05	0.07
Other Current Assets	30	43	34	39	36	22	19	35	55	71
Plant, Property, & Equipment, net	1,061	1,151	1,205	1,296	1,416	1,512	1,626	1,754	1,892	2,100
Plant, Property & Equipment, gross	1,590	1,684	1,738	1,858	1,959	2,080	2,220	2,360	2,517	2,748
Accumulated Depreciation	530	533	533	562	543	568	594	606	624	648
Total Noncurrent Assets	150	153	56	74	103	122	137	129	148	167
Long-Term Investments	19	21	24	25	30	35	41	37	43	50
Other Noncurrent Operating Assets	131	131	31	47	72	86	95	91	105	117
Total Liabilities & Shareholders' Equity	1,344	1,470	1,417	1,501	1,641	1,792	1,901	2,034	2,246	2,500
Total Liabilities	890	1,038	890	943	1,040	1,150	1,215	1,325	1,470	1,580
Total Current Liabilities	136	240	157	147	116	119	156	397	167	286
Short-Term Debt	28	90	59	40	5.34	0.36	31	256	42	124
Accounts Payable	63	105	51	60	56	64	66	85	69	89
Accrued Expenses	3.63	3.86	-	-	11	-	-	16	15	17
Current Deferred Revenue	3.76	2.26	3.91	7.53	11	-	-	0.90	1.35	5.66
Current Deferred & Payable Income Tax Liabilities	0.07	0.15	0.23	0.36	0.10	6.78	4.66	1.85	0.49	0.48
Current Employee Benefit Liabilities	12	12	13	14	14	15	16	14	15	16
Other Current Liabilities	17	16	18	11	15	28	33	17	16	26
Other Current Nonoperating Liabilities	-	-	3.86	3.87	3.05	4.83	4.55	5.31	8.61	8.13
Total Noncurrent Liabilities	755	798	733	797	924	1,031	1,059	928	1,303	1,295
Long-Term Debt	321	321	321	377	481	575	587	469	867	805
Asset Retirement Reserve & Litigation Obligation	-	0.00	32	45	23	0.00	33	41	1.22	23
Noncurrent Deferred Revenue	186	190	67	66	64	63	67	64	67	70
Noncurrent Deferred & Payable Income Tax Liabilities	194	226	117	116	127	132	141	151	163	181
Noncurrent Employee Benefit Liabilities	53	61	58	58	68	96	61	34	33	34
Other Noncurrent Operating Liabilities	-	-	138	136	160	165	170	170	172	182
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	466	494	530	558	602	642	686	710	776	920
Total Preferred & Common Equity	466	494	530	558	602	642	686	710	776	920
Total Common Equity	466	494	530	558	602	642	686	710	776	920
Common Stock	466	494	530	558	602	642	686	710	776	920

This table presents American States Water's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,983	2,060	2,140	2,205	2,293	2,348	2,421
Total Current Assets	139	140	169	192	205	210	222
Cash & Equivalents	2.26	2.13	1.03	8.60	17	3.58	16
Accounts Receivable	86	88	100	116	102	119	119
Inventories, net	13	16	17	16	16	17	16
Prepaid Expenses	7.29	12	9.17	6.53	12	9.04	6.95
Current Deferred & Refundable Income Taxes	0.09	0.04	0.07	0.06	0.00	0.00	2.13
Other Current Assets	30	21	42	45	59	62	62
Plant, Property, & Equipment, net	1,718	1,780	1,814	1,850	1,934	1,982	2,041
Plant, Property & Equipment, gross	2,322	2,397	2,431	2,473	2,566	2,621	2,682
Accumulated Depreciation	604	616	617	623	633	639	641
Total Noncurrent Assets	126	140	157	163	154	157	158
Long-Term Investments	34	38	40	38	45	46	48
Noncurrent Note & Lease Receivables	7.26	7.79	6.82	5.85	5.93	5.30	4.21
Goodwill	1.12	1.12	1.12	1.12	1.12	1.12	1.12
Other Noncurrent Operating Assets	83	93	109	118	102	105	104
Total Liabilities & Shareholders' Equity	1,983	2,060	2,140	2,205	2,293	2,348	2,421
Total Liabilities	1,277	1,330	1,373	1,434	1,492	1,515	1,541
Total Current Liabilities	373	308	141	195	179	299	321
Short-Term Debt	239	176	0.41	37	43	167	177
Accounts Payable	70	66	71	72	70	72	77
Accrued Expenses	7.23	8.41	-	11	12	12	12
Current Deferred & Payable Income Tax Liabilities	5.46	11	19	29	5.11	4.25	0.16
Current Employee Benefit Liabilities	16	17	13	15	18	13	16
Other Taxes Payable	16	14	15	17	13	13	16
Other Current Liabilities	20	15	4.09	4.75	8.61	8.73	14
Other Current Nonoperating Liabilities	-	-	7.80	8.95	9.00	8.35	9.62
Total Noncurrent Liabilities	904	1,022	1,244	1,239	1,314	1,216	1,220
Long-Term Debt	450	601	819	812	870	768	760
Asset Retirement Reserve & Litigation Obligation	18	1.78	0.00	0.00	1.12	0.75	3.90
Noncurrent Deferred Revenue	65	64	64	64	69	69	70
Noncurrent Deferred & Payable Income Tax Liabilities	144	149	154	157	167	169	177
Noncurrent Employee Benefit Liabilities	59	35	36	34	34	34	32
Other Noncurrent Operating Liabilities	169	171	170	171	173	175	176
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	706	731	755	771	800	833	879
Total Preferred & Common Equity	706	731	755	771	800	833	879
Total Common Equity	706	731	755	771	800	833	879
Common Stock	260	262	262	263	280	298	325
Retained Earnings	445	469	493	508	520	536	554

This table displays calculated financial ratios and metrics derived from American States Water's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.54%	-4.92%	1.04%	-0.86%	8.48%	3.03%	2.17%	-1.47%	21.19%	-0.04%
EBITDA Growth	-0.02%	-4.15%	8.77%	-15.44%	16.61%	3.91%	7.84%	-9.47%	45.51%	-3.65%
EBIT Growth	-0.79%	-2.64%	11.60%	-21.21%	28.12%	3.84%	7.95%	-13.24%	59.25%	-4.91%
NOPAT Growth	-0.51%	-1.04%	12.69%	-3.21%	24.82%	0.08%	8.34%	-8.75%	51.73%	-0.24%
Net Income Growth	-0.94%	-1.23%	16.11%	-7.92%	32.05%	2.47%	9.17%	-16.91%	59.35%	-4.53%
EPS Growth	1.91%	1.25%	16.05%	-8.51%	32.56%	2.19%	9.44%	-17.25%	59.24%	-5.65%
Operating Cash Flow Growth	-41.73%	1.90%	49.10%	-5.38%	-14.56%	4.54%	-5.39%	1.92%	-42.54%	193.62%
Free Cash Flow Firm Growth	-540.60%	106.68%	-42.59%	12.74%	-175.37%	157.55%	-181.81%	-433.15%	-156.20%	103.74%
Invested Capital Growth	197.01%	5.45%	7.82%	6.71%	11.92%	8.50%	9.87%	10.58%	17.24%	8.78%
Revenue Q/Q Growth	0.00%	0.00%	-0.59%	1.59%	0.42%	2.35%	-1.50%	1.81%	-0.03%	3.10%
EBITDA Q/Q Growth	288.65%	290.53%	0.13%	-0.08%	1.56%	3.97%	0.64%	-0.92%	3.19%	1.15%
EBIT Q/Q Growth	0.00%	0.00%	0.26%	-0.87%	3.38%	4.49%	0.28%	-1.59%	3.94%	1.17%
NOPAT Q/Q Growth	0.00%	0.00%	2.00%	2.58%	2.40%	2.01%	0.40%	0.03%	2.03%	7.79%
Net Income Q/Q Growth	0.00%	0.00%	2.45%	1.46%	3.57%	4.23%	0.15%	-2.15%	1.46%	7.20%
EPS Q/Q Growth	0.00%	0.00%	2.73%	1.18%	3.64%	4.02%	0.39%	-2.31%	1.20%	7.09%
Operating Cash Flow Q/Q Growth	-26.41%	12.01%	3.50%	3.05%	3.72%	1.47%	-0.57%	-4.69%	-19.79%	36.70%
Free Cash Flow Firm Q/Q Growth	-3,244.38%	129.61%	-79.29%	-15.52%	29.98%	160.26%	-82.54%	-53.84%	-14.62%	108.33%
Invested Capital Q/Q Growth	1.93%	-4.96%	2.76%	3.20%	2.46%	1.98%	2.09%	2.84%	3.37%	1.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.05%	93.84%	82.81%	65.64%	67.24%	66.60%	81.55%	86.46%	73.43%	87.44%
EBITDA Margin	35.22%	35.50%	38.22%	32.60%	35.04%	35.34%	37.30%	34.27%	41.15%	39.66%
Operating Margin	25.83%	26.19%	28.85%	23.12%	26.82%	26.73%	28.26%	25.76%	33.03%	30.98%
EBIT Margin	25.91%	26.53%	29.31%	23.29%	27.51%	27.72%	29.29%	25.79%	33.89%	32.24%
Profit (Net Income) Margin	13.19%	13.70%	15.74%	14.62%	17.80%	17.70%	18.91%	15.95%	20.97%	20.03%
Tax Burden Percent	61.58%	63.23%	64.03%	78.00%	77.37%	75.40%	75.62%	76.81%	75.02%	79.81%
Interest Burden Percent	82.64%	81.65%	83.90%	80.49%	83.63%	84.68%	85.39%	80.51%	82.49%	77.85%
Effective Tax Rate	38.42%	36.77%	35.97%	22.00%	22.63%	24.60%	24.38%	23.19%	24.98%	20.19%
Return on Invested Capital (ROIC)	14.00%	9.01%	9.52%	8.59%	9.80%	8.91%	8.84%	7.32%	9.73%	8.62%
ROIC Less NNEP Spread (ROIC-NNEP)	9.67%	5.13%	6.02%	4.60%	6.50%	6.43%	6.58%	4.33%	6.80%	5.37%
Return on Net Nonoperating Assets (RNNOA)	11.97%	3.43%	4.03%	3.15%	4.74%	4.99%	5.37%	3.92%	7.09%	5.45%
Return on Equity (ROE)	25.96%	12.44%	13.55%	11.74%	14.54%	13.90%	14.21%	11.24%	16.82%	14.06%
Cash Return on Invested Capital (CROIC)	-85.25%	3.70%	1.99%	2.10%	-1.44%	0.75%	-0.57%	-2.73%	-6.14%	0.20%
Operating Return on Assets (OROA)	8.73%	8.22%	8.95%	6.97%	8.30%	7.89%	7.91%	6.44%	9.43%	8.09%
Return on Assets (ROA)	4.44%	4.25%	4.81%	4.38%	5.37%	5.04%	5.11%	3.98%	5.84%	5.03%
Return on Common Equity (ROCE)	25.96%	12.44%	13.55%	11.74%	14.54%	13.90%	14.21%	11.24%	16.82%	14.06%
Return on Equity Simple (ROE_SIMPLE)	12.98%	12.09%	13.09%	11.44%	14.02%	13.47%	13.75%	11.05%	16.10%	12.96%
Net Operating Profit after Tax (NOPAT)	73	72	81	79	98	98	107	97	148	147
NOPAT Margin	15.91%	16.56%	18.47%	18.03%	20.75%	20.15%	21.37%	19.79%	24.78%	24.73%
Net Nonoperating Expense Percent (NNEP)	4.33%	3.88%	3.50%	4.00%	3.30%	2.48%	2.26%	2.99%	2.93%	3.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.78%	8.76%	7.96%
Cost of Revenue to Revenue	5.95%	6.16%	17.19%	34.36%	32.76%	33.40%	18.45%	13.54%	26.57%	12.56%
SG&A Expenses to Revenue	23.60%	25.17%	25.34%	26.15%	24.44%	23.93%	23.71%	25.29%	21.58%	23.89%
R&D to Revenue	11.51%	12.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	68.22%	67.66%	53.97%	42.52%	40.43%	39.87%	53.29%	60.69%	40.40%	56.46%
Earnings before Interest and Taxes (EBIT)	119	116	129	102	130	135	146	127	202	192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	162	155	168	142	166	173	186	168	245	236
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.81	2.93	3.56	3.99	4.87	4.26	5.28	4.60	3.72	3.17
Price to Tangible Book Value (P/TBV)	2.82	2.94	3.56	4.00	4.88	4.27	5.29	4.60	3.72	3.17
Price to Revenue (P/Rev)	2.86	3.32	4.28	5.10	6.18	5.60	7.26	6.64	4.85	4.90
Price to Earnings (P/E)	21.67	24.25	27.18	34.86	34.72	31.64	38.38	41.60	23.14	24.48
Dividend Yield	2.45%	2.31%	1.93%	1.75%	1.46%	1.73%	1.43%	1.73%	2.12%	2.32%
Earnings Yield	4.62%	4.12%	3.68%	2.87%	2.88%	3.16%	2.61%	2.40%	4.32%	4.09%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.24	2.53	2.76	3.19	2.82	3.32	2.82	2.29	2.12
Enterprise Value to Revenue (EV/Rev)	3.57	4.22	5.09	5.98	7.14	6.63	8.41	8.02	6.28	6.33
Enterprise Value to EBITDA (EV/EBITDA)	10.13	11.88	13.31	18.34	20.37	18.76	22.54	23.41	15.27	15.97
Enterprise Value to EBIT (EV/EBIT)	13.77	15.89	17.36	25.66	25.96	23.92	28.70	31.11	18.54	19.65
Enterprise Value to NOPAT (EV/NOPAT)	22.43	25.46	27.54	33.15	34.41	32.90	39.34	40.54	25.36	25.62
Enterprise Value to Operating Cash Flow (EV/OCF)	17.20	18.96	15.50	19.09	28.95	26.50	36.28	33.47	55.30	18.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	61.94	131.52	135.92	0.00	388.51	0.00	0.00	0.00	1,083.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.83	0.72	0.75	0.81	0.90	0.90	1.02	1.17	1.01
Long-Term Debt to Equity	0.69	0.65	0.61	0.67	0.80	0.90	0.86	0.66	1.12	0.88
Financial Leverage	1.24	0.67	0.67	0.68	0.73	0.78	0.82	0.91	1.04	1.02
Leverage Ratio	5.84	2.93	2.82	2.68	2.71	2.76	2.78	2.82	2.88	2.80
Compound Leverage Factor	4.83	2.39	2.37	2.16	2.27	2.34	2.38	2.27	2.38	2.18
Debt to Total Capital	42.84%	45.42%	41.78%	42.75%	44.71%	47.26%	47.40%	50.52%	53.95%	50.26%
Short-Term Debt to Total Capital	3.47%	9.97%	6.52%	4.13%	0.49%	0.03%	2.41%	17.85%	2.51%	6.72%
Long-Term Debt to Total Capital	39.37%	35.44%	35.27%	38.62%	44.21%	47.23%	44.99%	32.67%	51.44%	43.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.16%	54.58%	58.22%	57.25%	55.29%	52.74%	52.60%	49.48%	46.05%	49.74%
Debt to EBITDA	2.16	2.66	2.26	2.93	2.93	3.33	3.32	4.30	3.71	3.94
Net Debt to EBITDA	2.02	2.52	2.11	2.70	2.74	2.91	3.08	4.05	3.48	3.61
Long-Term Debt to EBITDA	1.99	2.07	1.91	2.64	2.90	3.33	3.15	2.78	3.54	3.41
Debt to NOPAT	4.79	5.70	4.67	5.29	4.95	5.84	5.80	7.45	6.16	6.31
Net Debt to NOPAT	4.47	5.40	4.38	4.88	4.63	5.11	5.37	7.01	5.78	5.79
Long-Term Debt to NOPAT	4.40	4.45	3.95	4.78	4.89	5.84	5.50	4.82	5.87	5.47
Altman Z-Score	1.51	1.33	1.88	1.92	2.25	1.97	2.29	1.78	1.76	1.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	0.70	0.99	0.90	1.06	1.33	0.89	0.38	1.24	0.82
Quick Ratio	0.61	0.41	0.68	0.54	0.59	1.02	0.65	0.23	0.77	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-444	30	17	19	-14	8.33	-6.82	-36	-93	3.48
Operating Cash Flow to CapEx	109.03%	74.65%	183.44%	108.13%	77.00%	93.74%	79.98%	70.86%	35.90%	85.68%
Free Cash Flow to Firm to Interest Expense	-21.08	1.35	0.75	0.82	-0.59	0.37	-0.30	-1.34	-2.18	0.07
Operating Cash Flow to Interest Expense	4.51	4.41	6.40	5.84	4.75	5.42	5.06	4.36	1.58	3.94
Operating Cash Flow Less CapEx to Interest Expense	0.37	-1.50	2.91	0.44	-1.42	-0.36	-1.27	-1.79	-2.83	-0.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.31	0.31	0.30	0.30	0.28	0.27	0.25	0.28	0.25
Accounts Receivable Turnover	5.54	4.96	4.34	4.92	6.83	6.46	5.54	5.40	5.97	5.25
Inventory Turnover	6.06	5.53	16.67	28.40	25.44	21.68	8.86	4.97	9.83	4.57
Fixed Asset Turnover	0.44	0.39	0.37	0.35	0.35	0.33	0.32	0.29	0.33	0.30
Accounts Payable Turnover	0.52	0.32	0.97	2.72	2.70	2.73	1.42	0.88	2.06	0.95
Days Sales Outstanding (DSO)	65.89	73.66	84.14	74.17	53.43	56.53	65.87	67.56	61.11	69.56
Days Inventory Outstanding (DIO)	60.23	65.98	21.90	12.85	14.35	16.84	41.21	73.44	37.13	79.82
Days Payable Outstanding (DPO)	698.69	1,141.84	376.95	134.38	135.38	133.61	257.17	413.32	177.06	383.78
Cash Conversion Cycle (CCC)	-572.57	-1,002.21	-270.91	-47.36	-67.61	-60.24	-150.10	-272.32	-78.83	-234.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	780	823	887	946	1,059	1,149	1,263	1,396	1,637	1,781
Invested Capital Turnover	0.88	0.54	0.52	0.48	0.47	0.44	0.41	0.37	0.39	0.35
Increase / (Decrease) in Invested Capital	517	43	64	60	113	90	113	134	241	144
Enterprise Value (EV)	1,637	1,839	2,241	2,611	3,383	3,238	4,194	3,943	3,743	3,772
Market Capitalization	1,311	1,448	1,885	2,227	2,929	2,735	3,621	3,262	2,890	2,919
Book Value per Share	$12.69	$13.52	$14.45	$15.19	$16.33	$17.39	$18.57	$19.20	$20.99	$24.34
Tangible Book Value per Share	$12.66	$13.49	$14.42	$15.16	$16.30	$17.36	$18.54	$19.17	$20.99	$24.34
Total Capital	815	906	910	975	1,088	1,217	1,304	1,434	1,686	1,850
Total Debt	349	411	380	417	486	575	618	724	909	930
Total Long-Term Debt	321	321	321	377	481	575	587	469	867	805
Net Debt	326	390	356	384	455	503	572	682	852	853
Capital Expenditures (CapEx)	87	130	79	126	152	130	145	166	189	232
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	17	58	18	10	2.16	8.89	4.67	68	46
Debt-free Net Working Capital (DFNWC)	26	18	58	25	12	39	14	11	82	72
Net Working Capital (NWC)	-2.81	-73	-1.20	-15	6.46	39	-18	-245	39	-52
Net Nonoperating Expense (NNE)	12	12	12	15	14	12	12	19	23	28
Net Nonoperating Obligations (NNO)	314	328	357	388	458	508	577	687	861	861
Total Depreciation and Amortization (D&A)	43	39	39	41	36	37	40	42	43	44
Debt-free, Cash-free Net Working Capital to Revenue	4.61%	3.92%	13.14%	4.13%	2.21%	0.44%	1.78%	0.95%	11.35%	7.65%
Debt-free Net Working Capital to Revenue	5.56%	4.02%	13.19%	5.77%	2.49%	7.97%	2.78%	2.17%	13.72%	12.13%
Net Working Capital to Revenue	-0.61%	-16.69%	-0.27%	-3.46%	1.36%	7.89%	-3.51%	-49.89%	6.61%	-8.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.61	$1.63	$1.88	$1.73	$2.28	$2.34	$2.55	$2.12	$3.37	$3.17
Adjusted Weighted Average Basic Shares Outstanding	37.39M	36.55M	36.64M	36.73M	36.81M	36.88M	36.92M	36.96M	36.98M	37.46M
Adjusted Diluted Earnings per Share	$1.60	$1.62	$1.88	$1.72	$2.28	$2.33	$2.55	$2.11	$3.36	$3.17
Adjusted Weighted Average Diluted Shares Outstanding	37.61M	36.75M	36.84M	36.94M	36.96M	37.00M	37.01M	37.04M	37.08M	37.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.52M	36.59M	36.72M	36.77M	36.86M	36.90M	36.95M	36.97M	36.99M	38.16M
Normalized Net Operating Profit after Tax (NOPAT)	73	72	76	79	98	98	106	97	148	147
Normalized NOPAT Margin	15.91%	16.56%	17.26%	18.02%	20.71%	20.16%	21.30%	19.78%	24.76%	24.73%
Pre Tax Income Margin	21.41%	21.66%	24.59%	18.75%	23.00%	23.48%	25.01%	20.76%	27.95%	25.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.64	5.26	5.72	4.34	5.30	6.01	6.40	4.69	4.72	3.81
NOPAT to Interest Expense	3.46	3.28	3.60	3.36	4.00	4.37	4.67	3.60	3.45	2.92
EBIT Less CapEx to Interest Expense	1.50	-0.64	2.23	-1.06	-0.87	0.22	0.07	-1.46	0.31	-0.79
NOPAT Less CapEx to Interest Expense	-0.68	-2.62	0.11	-2.04	-2.17	-1.42	-1.66	-2.55	-0.96	-1.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.05%	55.92%	52.50%	60.96%	50.63%	80.65%	54.79%	71.89%	48.99%	56.19%
Augmented Payout Ratio	174.56%	55.92%	52.50%	60.96%	50.63%	80.65%	54.79%	71.89%	48.99%	56.19%

This table displays calculated financial ratios and metrics derived from American States Water's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.30%	7.50%	48.68%	28.38%	12.38%	-0.15%	-16.21%	-1.32%	6.65%	14.31%
EBITDA Growth	-4.29%	-3.68%	88.41%	68.02%	19.91%	18.41%	-18.88%	-9.65%	12.08%	5.52%
EBIT Growth	-5.95%	-6.36%	120.40%	89.37%	24.58%	25.42%	-21.71%	-12.17%	13.22%	5.90%
NOPAT Growth	-3.94%	-0.40%	110.39%	67.70%	30.59%	12.98%	-24.24%	-11.04%	8.22%	43.02%
Net Income Growth	-8.88%	-8.46%	142.95%	93.08%	23.04%	9.66%	-32.76%	-17.28%	13.52%	39.20%
EPS Growth	-9.21%	-9.09%	144.74%	92.59%	23.19%	8.00%	-33.33%	-18.27%	11.76%	38.89%
Operating Cash Flow Growth	-19.01%	-17.22%	-81.69%	-42.79%	17.34%	-59.93%	557.83%	128.74%	64.37%	477.84%
Free Cash Flow Firm Growth	-15.61%	-22.24%	-138.84%	-170.19%	-105.84%	-93.47%	-5.54%	28.44%	27.28%	49.93%
Invested Capital Growth	9.77%	10.58%	15.35%	17.76%	16.64%	17.24%	13.26%	11.29%	11.26%	8.78%
Revenue Q/Q Growth	10.09%	-7.12%	28.76%	-2.49%	-3.62%	-17.48%	8.05%	14.84%	4.16%	-11.55%
EBITDA Q/Q Growth	20.32%	-19.20%	56.50%	10.43%	-14.13%	-20.21%	7.21%	22.99%	6.53%	-24.88%
EBIT Q/Q Growth	27.01%	-25.98%	75.28%	14.92%	-16.44%	-25.49%	9.41%	28.93%	7.71%	-30.30%
NOPAT Q/Q Growth	16.23%	-27.33%	76.32%	12.61%	-9.49%	-37.13%	18.23%	32.23%	10.11%	-16.92%
Net Income Q/Q Growth	28.59%	-27.38%	84.70%	11.96%	-18.06%	-35.28%	13.25%	37.73%	12.46%	-20.65%
EPS Q/Q Growth	27.78%	-27.54%	86.00%	11.83%	-18.27%	-36.47%	14.81%	37.10%	11.76%	-21.05%
Operating Cash Flow Q/Q Growth	74.95%	-15.63%	-75.01%	55.08%	258.83%	-71.19%	310.31%	-46.07%	157.86%	1.28%
Free Cash Flow Firm Q/Q Growth	-28.39%	-23.29%	-40.21%	-21.74%	2.19%	-15.88%	23.64%	17.46%	0.61%	20.21%
Invested Capital Q/Q Growth	2.97%	2.84%	5.10%	5.81%	1.98%	3.37%	1.51%	3.97%	1.96%	1.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	97.48%	54.98%	94.96%	96.03%	97.30%	-11.67%	97.62%	97.72%	96.18%	56.78%
EBITDA Margin	37.70%	32.80%	39.86%	45.15%	40.23%	38.90%	38.60%	41.33%	42.28%	35.90%
Operating Margin	29.89%	22.03%	31.70%	37.45%	34.11%	27.86%	28.82%	33.32%	34.04%	27.04%
EBIT Margin	30.14%	24.02%	32.69%	38.53%	33.41%	30.17%	30.55%	34.29%	35.47%	27.95%
Profit (Net Income) Margin	19.01%	14.86%	21.31%	24.47%	20.81%	16.32%	17.11%	20.51%	22.15%	19.87%
Tax Burden Percent	75.42%	80.07%	76.19%	74.47%	76.78%	71.62%	75.78%	75.47%	78.09%	92.33%
Interest Burden Percent	83.62%	77.28%	85.57%	85.28%	81.12%	75.54%	73.90%	79.27%	79.98%	77.01%
Effective Tax Rate	24.58%	19.93%	23.81%	25.53%	23.22%	28.38%	24.22%	24.53%	21.91%	7.67%
Return on Invested Capital (ROIC)	8.39%	6.52%	9.60%	11.25%	10.61%	7.84%	7.95%	8.70%	9.18%	8.70%
ROIC Less NNEP Spread (ROIC-NNEP)	7.60%	5.97%	8.90%	10.49%	9.50%	7.25%	7.15%	7.85%	8.33%	7.85%
Return on Net Nonoperating Assets (RNNOA)	6.64%	5.41%	8.30%	10.30%	9.42%	7.55%	7.46%	8.36%	8.55%	7.97%
Return on Equity (ROE)	15.03%	11.92%	17.89%	21.55%	20.03%	15.39%	15.41%	17.06%	17.73%	16.67%
Cash Return on Invested Capital (CROIC)	-1.82%	-2.73%	-5.67%	-6.89%	-5.52%	-6.14%	-3.61%	-2.56%	-2.50%	0.20%
Operating Return on Assets (OROA)	7.54%	6.00%	8.96%	10.91%	9.51%	8.40%	7.99%	8.67%	8.86%	7.01%
Return on Assets (ROA)	4.76%	3.71%	5.84%	6.93%	5.92%	4.54%	4.48%	5.19%	5.53%	4.99%
Return on Common Equity (ROCE)	15.03%	11.92%	17.89%	21.55%	20.03%	15.39%	15.41%	17.06%	17.73%	16.67%
Return on Equity Simple (ROE_SIMPLE)	11.36%	0.00%	13.50%	15.52%	15.96%	0.00%	14.20%	12.84%	12.65%	0.00%
Net Operating Profit after Tax (NOPAT)	30	22	39	44	40	25	30	39	43	36
NOPAT Margin	22.54%	17.64%	24.15%	27.89%	26.19%	19.95%	21.84%	25.14%	26.58%	24.97%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.55%	0.69%	0.76%	1.12%	0.59%	0.80%	0.85%	0.85%	0.85%
Return On Investment Capital (ROIC_SIMPLE)	-	1.54%	-	-	-	1.48%	-	-	-	1.93%
Cost of Revenue to Revenue	2.52%	45.02%	5.04%	3.97%	2.70%	111.67%	2.38%	2.28%	3.82%	43.22%
SG&A Expenses to Revenue	23.18%	24.91%	20.85%	19.83%	20.71%	25.76%	25.86%	22.03%	21.77%	26.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.59%	32.95%	63.26%	58.58%	63.18%	-39.53%	68.80%	64.41%	62.14%	29.74%
Earnings before Interest and Taxes (EBIT)	41	30	53	61	51	38	41	53	57	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	41	64	71	61	49	52	64	68	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.92	4.60	4.36	4.15	3.69	3.72	3.30	3.22	3.55	3.17
Price to Tangible Book Value (P/TBV)	3.93	4.60	4.36	4.15	3.69	3.72	3.31	3.23	3.55	3.17
Price to Revenue (P/Rev)	5.73	6.64	5.85	5.41	4.77	4.85	4.64	4.73	5.40	4.90
Price to Earnings (P/E)	34.54	41.60	32.28	26.71	23.11	23.14	23.25	25.11	28.04	24.48
Dividend Yield	1.99%	1.73%	1.81%	1.88%	2.11%	2.12%	2.36%	2.38%	2.11%	2.32%
Earnings Yield	2.89%	2.40%	3.10%	3.74%	4.33%	4.32%	4.30%	3.98%	3.57%	4.09%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.82	2.67	2.52	2.30	2.29	2.10	2.07	2.27	2.12
Enterprise Value to Revenue (EV/Rev)	7.08	8.02	7.20	6.75	6.12	6.28	6.13	6.30	6.91	6.33
Enterprise Value to EBITDA (EV/EBITDA)	20.11	23.41	19.74	17.19	15.36	15.27	14.99	15.80	17.10	15.97
Enterprise Value to EBIT (EV/EBIT)	26.55	31.11	25.20	21.22	18.78	18.54	18.35	19.52	21.05	19.65
Enterprise Value to NOPAT (EV/NOPAT)	35.17	40.54	33.32	28.88	25.22	25.36	25.30	26.81	29.23	25.62
Enterprise Value to Operating Cash Flow (EV/OCF)	27.67	33.47	45.21	49.71	43.23	55.30	32.79	29.66	27.47	18.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,083.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	1.02	1.06	1.09	1.10	1.17	1.14	1.12	1.07	1.01
Long-Term Debt to Equity	0.64	0.66	0.82	1.09	1.05	1.12	1.09	0.92	0.86	0.88
Financial Leverage	0.87	0.91	0.93	0.98	0.99	1.04	1.04	1.07	1.03	1.02
Leverage Ratio	2.79	2.82	2.80	2.82	2.84	2.88	2.84	2.83	2.80	2.80
Compound Leverage Factor	2.33	2.18	2.40	2.41	2.30	2.18	2.10	2.24	2.24	2.16
Debt to Total Capital	49.40%	50.52%	51.54%	52.05%	52.41%	53.95%	53.29%	52.88%	51.60%	50.26%
Short-Term Debt to Total Capital	17.14%	17.85%	11.66%	0.03%	2.30%	2.51%	2.53%	9.46%	9.76%	6.72%
Long-Term Debt to Total Capital	32.26%	32.67%	39.88%	52.03%	50.10%	51.44%	50.76%	43.42%	41.84%	43.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.60%	49.48%	48.46%	47.95%	47.59%	46.05%	46.71%	47.12%	48.40%	49.74%
Debt to EBITDA	4.05	4.30	3.91	3.60	3.58	3.71	3.92	4.14	4.02	3.94
Net Debt to EBITDA	3.84	4.05	3.71	3.42	3.38	3.48	3.65	3.92	3.74	3.61
Long-Term Debt to EBITDA	2.65	2.78	3.03	3.60	3.42	3.54	3.73	3.40	3.26	3.41
Debt to NOPAT	7.08	7.45	6.60	6.06	5.87	6.16	6.61	7.02	6.86	6.31
Net Debt to NOPAT	6.71	7.01	6.26	5.75	5.55	5.78	6.17	6.65	6.39	5.79
Long-Term Debt to NOPAT	4.63	4.82	5.11	6.05	5.61	5.87	6.30	5.76	5.57	5.47
Altman Z-Score	1.78	1.62	2.01	2.07	1.86	1.52	1.70	1.65	1.80	1.37
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.37	0.38	0.45	1.20	0.98	1.24	1.15	0.70	0.69	0.82
Quick Ratio	0.24	0.23	0.29	0.72	0.64	0.77	0.67	0.41	0.42	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-90	-112	-156	-190	-186	-216	-165	-136	-135	-108
Operating Cash Flow to CapEx	72.58%	63.07%	14.12%	27.47%	81.62%	21.30%	96.34%	40.01%	99.26%	110.32%
Free Cash Flow to Firm to Interest Expense	-12.34	-14.33	-16.49	-17.74	-15.92	-19.86	-12.84	-10.37	-10.24	-9.68
Operating Cash Flow to Interest Expense	4.51	3.58	0.73	1.01	3.31	1.03	3.56	1.88	4.82	5.78
Operating Cash Flow Less CapEx to Interest Expense	-1.70	-2.10	-4.47	-2.66	-0.75	-3.80	-0.14	-2.82	-0.04	0.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.25	0.27	0.28	0.28	0.28	0.26	0.25	0.25	0.25
Accounts Receivable Turnover	5.41	5.40	6.72	6.46	5.91	5.97	5.97	5.19	4.93	5.25
Inventory Turnover	7.69	4.97	5.07	4.95	5.05	9.83	4.14	3.82	4.08	4.57
Fixed Asset Turnover	0.29	0.29	0.32	0.33	0.33	0.33	0.31	0.30	0.30	0.30
Accounts Payable Turnover	1.32	0.88	1.07	1.04	1.06	2.06	0.99	0.90	0.90	0.95
Days Sales Outstanding (DSO)	67.52	67.56	54.29	56.46	61.73	61.11	61.11	70.34	74.08	69.56
Days Inventory Outstanding (DIO)	47.44	73.44	71.98	73.69	72.25	37.13	88.26	95.60	89.45	79.82
Days Payable Outstanding (DPO)	276.28	413.32	339.69	350.59	345.42	177.06	367.31	403.60	407.04	383.78
Cash Conversion Cycle (CCC)	-161.32	-272.32	-213.42	-220.44	-211.44	-78.83	-217.94	-237.67	-243.51	-234.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,358	1,396	1,468	1,553	1,584	1,637	1,662	1,728	1,762	1,781
Invested Capital Turnover	0.37	0.37	0.40	0.40	0.41	0.39	0.36	0.35	0.35	0.35
Increase / (Decrease) in Invested Capital	121	134	195	234	226	241	195	175	178	144
Enterprise Value (EV)	3,420	3,943	3,921	3,910	3,648	3,743	3,493	3,572	3,993	3,772
Market Capitalization	2,768	3,262	3,184	3,131	2,845	2,890	2,642	2,686	3,120	2,919
Book Value per Share	$19.09	$19.20	$19.77	$20.42	$20.86	$20.99	$21.62	$22.39	$23.48	$24.34
Tangible Book Value per Share	$19.06	$19.17	$19.74	$20.39	$20.83	$20.99	$21.59	$22.36	$23.45	$24.34
Total Capital	1,394	1,434	1,508	1,575	1,621	1,686	1,714	1,769	1,817	1,850
Total Debt	689	724	777	820	849	909	913	935	938	930
Total Long-Term Debt	450	469	601	819	812	867	870	768	760	805
Net Debt	652	682	737	779	803	852	851	886	873	853
Capital Expenditures (CapEx)	46	44	49	39	47	52	48	62	64	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.25	4.67	5.78	27	25	68	53	74	62	46
Debt-free Net Working Capital (DFNWC)	4.51	11	7.90	28	34	82	70	78	78	72
Net Working Capital (NWC)	-234	-245	-168	28	-3.32	39	27	-90	-99	-52
Net Nonoperating Expense (NNE)	4.77	3.48	4.58	5.38	8.17	4.55	6.40	7.19	7.17	7.29
Net Nonoperating Obligations (NNO)	652	687	737	798	812	861	862	895	883	861
Total Depreciation and Amortization (D&A)	10	11	12	10	10	11	11	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	0.47%	0.95%	1.06%	4.73%	4.27%	11.35%	9.28%	13.07%	10.71%	7.65%
Debt-free Net Working Capital to Revenue	0.93%	2.17%	1.45%	4.90%	5.71%	13.72%	12.27%	13.71%	13.56%	12.13%
Net Working Capital to Revenue	-48.55%	-49.89%	-30.86%	4.83%	-0.56%	6.61%	4.66%	-15.79%	-17.15%	-8.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.51	$0.93	$1.04	$0.85	$0.55	$0.62	$0.85	$0.95	$0.75
Adjusted Weighted Average Basic Shares Outstanding	36.96M	36.96M	36.97M	36.98M	36.98M	36.98M	37.03M	37.31M	37.56M	37.46M
Adjusted Diluted Earnings per Share	$0.69	$0.50	$0.93	$1.04	$0.85	$0.54	$0.62	$0.85	$0.95	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	37.04M	37.04M	37.05M	37.07M	37.07M	37.08M	37.11M	37.42M	37.68M	37.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.96M	36.97M	36.98M	36.98M	36.98M	36.99M	37.23M	37.46M	37.80M	38.16M
Normalized Net Operating Profit after Tax (NOPAT)	30	22	39	44	40	25	30	39	43	36
Normalized NOPAT Margin	22.54%	17.64%	24.15%	27.89%	26.19%	19.95%	21.84%	25.14%	26.58%	24.97%
Pre Tax Income Margin	25.20%	18.56%	27.98%	32.86%	27.10%	22.79%	22.57%	27.18%	28.37%	21.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.55	3.87	5.57	5.65	4.33	3.48	3.21	4.05	4.34	3.58
NOPAT to Interest Expense	4.15	2.84	4.11	4.09	3.40	2.30	2.30	2.97	3.25	3.20
EBIT Less CapEx to Interest Expense	-0.66	-1.81	0.36	1.99	0.27	-1.35	-0.48	-0.65	-0.51	-1.66
NOPAT Less CapEx to Interest Expense	-2.06	-2.84	-1.09	0.43	-0.66	-2.53	-1.40	-1.73	-1.60	-2.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	68.83%	71.89%	58.36%	50.15%	48.72%	48.99%	54.91%	59.57%	58.68%	56.19%
Augmented Payout Ratio	68.83%	71.89%	58.36%	50.15%	48.72%	48.99%	54.91%	59.57%	58.68%	56.19%

Frequently Asked Questions About American States Water's Financials

When does American States Water's financial year end?

According to the most recent income statement we have on file, American States Water's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has American States Water's net income changed over the last 9 years?

American States Water's net income appears to be on an upward trend, with a most recent value of $119.27 million in 2024, rising from $60.48 million in 2015. The previous period was $124.92 million in 2023.

What is American States Water's operating income?

American States Water's total operating income in 2024 was $184.48 million, based on the following breakdown:

Total Gross Profit: $520.66 million
Total Operating Expenses: $336.18 million

How has American States Water revenue changed over the last 9 years?

Over the last 9 years, American States Water's total revenue changed from $458.64 million in 2015 to $595.46 million in 2024, a change of 29.8%.

How much debt does American States Water have?

American States Water's total liabilities were at $1.58 billion at the end of 2024, a 7.5% increase from 2023, and a 77.5% increase since 2015.

How much cash does American States Water have?

In the past 9 years, American States Water's cash and equivalents has ranged from $214 thousand in 2017 to $36.74 million in 2020, and is currently $26.66 million as of their latest financial filing in 2024.

How has American States Water's book value per share changed over the last 9 years?

Over the last 9 years, American States Water's book value per share changed from 12.69 in 2015 to 24.34 in 2024, a change of 91.9%.

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This page (NYSE:AWR) was last updated on 4/14/2025 by MarketBeat.com Staff

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American States Water (AWR) Financials

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American States Water (AWR) Financials

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