California Water Service Group (CWT) Financials

$50.24 -0.51 (-1.00%)

As of 03:58 PM Eastern

Annual Income Statements for California Water Service Group

This table shows California Water Service Group'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	45	49	73	66	63	97	101	96	52	191
Consolidated Net Income / (Loss)	45	49	73	66	63	97	101	95	51	190
Net Income / (Loss) Continuing Operations	29	49	66	57	69	97	91	81	31	174
Total Pre-Tax Income	30	46	68	54	70	97	92	84	40	181
Total Operating Income	71	83	107	111	99	137	127	128	77	225
Total Gross Profit	426	559	490	517	414	352	478	747	709	891
Total Revenue	588	609	676	698	715	794	791	846	795	1,037
Operating Revenue	588	609	676	698	715	794	791	846	795	1,037
Total Cost of Revenue	163	50	186	181	300	442	313	99	86	146
Operating Cost of Revenue	49	27	51	56	255	305	277	61	65	69
Other Cost of Revenue	113	23	135	126	45	137	35	38	21	76
Total Operating Expenses	354	476	382	406	315	216	351	620	632	666
Selling, General & Admin Expense	113	88	93	101	109	117	127	133	142	140
Depreciation Expense	61	64	77	84	89	99	109	115	121	132
Other Operating Expenses / (Income)	180	325	213	222	117	-	116	372	368	394
Total Other Income / (Expense), net	-41	-36	-40	-57	-29	-39	-35	-44	-38	-44
Interest Expense	27	31	34	38	41	42	43	44	50	58
Other Income / (Expense), net	-14	-5.73	-5.64	-19	12	2.61	8.71	0.58	12	13
Income Tax Expense	0.76	-2.42	1.55	-2.72	1.39	0.58	1.29	3.11	8.41	6.55
Other Adjustments to Consolidated Net Income / (Loss)	16	-	6.31	8.96	-5.73	-	9.90	14	20	16
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	-0.15	-0.75	-0.54	-0.72
Basic Earnings per Share	$0.94	$1.02	$1.52	$1.36	$1.31	$1.97	$1.96	$1.77	$0.91	$3.26
Weighted Average Basic Shares Outstanding	47.87M	47.95M	48.01M	48.06M	48.17M	49.27M	51.63M	54.32M	56.95M	58.61M
Diluted Earnings per Share	$0.94	$1.01	$1.52	$1.36	$1.31	$1.97	$1.96	$1.77	$0.91	$3.25
Weighted Average Diluted Shares Outstanding	47.88M	47.96M	48.01M	48.06M	48.17M	49.27M	51.63M	54.36M	56.98M	58.65M
Weighted Average Basic & Diluted Shares Outstanding	47.90M	47.70M	607.80M	48.20M	48.20M	50.35M	53.71M	55.60M	57.68M	59.49M
Cash Dividends to Common per Share	$0.67	$0.69	$0.72	$0.75	$0.79	$0.85	$0.92	$1.00	$1.04	$1.12

This table shows California Water Service Group'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	56	20	-22	9.56	34	30	70	41	61	20
Consolidated Net Income / (Loss)	56	19	-22	9.45	34	30	70	40	61	19
Net Income / (Loss) Continuing Operations	52	12	-28	4.69	30	24	66	36	56	16
Total Pre-Tax Income	52	14	-26	6.14	31	29	68	37	58	18
Total Operating Income	65	26	-18	16	43	35	78	48	67	32
Total Gross Profit	162	356	73	114	149	373	181	148	178	384
Total Revenue	266	201	131	194	255	215	271	244	300	222
Operating Revenue	266	201	131	194	255	215	271	244	300	222
Total Cost of Revenue	104	-155	58	80	106	-159	89	97	121	-162
Operating Cost of Revenue	89	-160	55	71	92	-154	64	78	95	-167
Other Cost of Revenue	15	5.13	3.13	9.45	14	-5.28	25	19	26	5.81
Total Operating Expenses	97	330	90	98	105	338	103	99	111	352
Selling, General & Admin Expense	33	33	36	35	34	37	36	32	35	36
Depreciation Expense	29	28	30	30	30	32	33	33	33	33
Other Operating Expenses / (Income)	35	268	25	33	41	269	35	34	43	282
Total Other Income / (Expense), net	-13	-12	-8.24	-9.81	-13	-6.65	-10	-11	-8.71	-15
Interest Expense	11	11	12	13	13	12	15	14	14	15
Other Income / (Expense), net	-1.33	-0.79	3.75	2.88	-0.07	5.69	4.89	3.21	4.89	0.35
Income Tax Expense	0.35	1.90	1.79	1.45	1.06	4.11	1.32	1.31	1.94	1.99
Other Adjustments to Consolidated Net Income / (Loss)	3.74	-	5.22	4.76	4.78	5.46	3.27	4.34	4.45	3.74
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.19	-0.10	-0.12	-0.11	-0.11	-0.19	-0.23	-0.17	-0.13	-0.20
Basic Earnings per Share	$1.03	$0.36	($0.40)	$0.17	$0.60	$0.54	$1.21	$0.70	$1.03	$0.32
Weighted Average Basic Shares Outstanding	54.01M	54.32M	55.67M	56.69M	57.70M	56.95M	57.73M	58.29M	58.93M	58.61M
Diluted Earnings per Share	$1.03	$0.36	($0.40)	$0.17	$0.60	$0.54	$1.21	$0.70	$1.03	$0.31
Weighted Average Diluted Shares Outstanding	54.04M	54.36M	55.67M	56.73M	57.74M	56.98M	57.77M	58.33M	58.98M	58.65M
Weighted Average Basic & Diluted Shares Outstanding	54.82M	55.60M	55.99M	57.70M	57.71M	57.68M	57.75M	58.83M	59.47M	59.49M

This table details how cash moves in and out of California Water Service Group'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	-11	17	69	-48	-4.42	1.83	36	4.37	-0.06	11
Net Cash From Operating Activities	145	160	148	179	169	118	232	244	218	291
Net Cash From Continuing Operating Activities	145	160	148	179	169	118	232	244	218	291
Net Income / (Loss) Continuing Operations	45	49	73	66	63	97	101	95	51	190
Consolidated Net Income / (Loss)	45	49	73	66	63	97	101	95	51	190
Depreciation Expense	63	65	79	86	91	101	112	117	123	134
Amortization Expense	0.83	0.87	0.92	1.10	0.74	0.41	0.37	0.37	0.26	0.25
Non-Cash Adjustments To Reconcile Net Income	2.26	4.17	-4.53	-4.12	-0.74	0.76	5.36	19	-3.09	56
Changes in Operating Assets and Liabilities, net	34	42	-0.08	31	14	-81	13	12	46	-90
Net Cash From Investing Activities	-178	-231	-207	-273	-276	-346	-301	-336	-389	-475
Net Cash From Continuing Investing Activities	-178	-231	-207	-273	-276	-346	-301	-336	-389	-475
Acquisitions	-	-	-	0.00	0.00	-45	-6.45	-7.77	-2.99	-1.61
Other Investing Activities, net	-179	-231	-207	-273	-276	-301	-296	-328	-386	-473
Net Cash From Financing Activities	23	87	128	46	103	230	105	96	172	195
Net Cash From Continuing Financing Activities	23	87	128	46	103	230	105	96	172	195
Repayment of Debt	-155	-95	-122	-385	-563	-172	-540	-120	-122	-478
Repurchase of Common Equity	-0.34	-0.74	-1.51	-1.65	-2.50	-1.68	-1.77	-2.01	-1.84	-1.44
Payment of Dividends	-32	-33	-35	-36	-38	-42	-47	-55	-60	-66
Issuance of Debt	194	195	265	450	658	335	479	150	228	630
Issuance of Common Equity	-	-	0.00	0.00	20	84	198	107	115	89
Other Financing Activities, net	16	21	21	19	28	27	18	16	12	21
Cash Interest Paid	25	28	32	36	41	41	42	44	49	56
Cash Income Taxes Paid	-	-	-	-	-	-	3.66	0.00	-3.53	27

This table details how cash moves in and out of California Water Service Group'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	49	-28	1.41	3.23	-21	16	3.30	-5.59	23	-9.51
Net Cash From Operating Activities	110	44	21	17	106	74	27	94	102	68
Net Cash From Continuing Operating Activities	110	44	21	17	106	74	27	94	102	68
Net Income / (Loss) Continuing Operations	56	19	-22	9.45	34	30	70	40	61	19
Consolidated Net Income / (Loss)	56	19	-22	9.45	34	30	70	40	61	19
Depreciation Expense	30	29	30	30	30	32	33	34	34	34
Non-Cash Adjustments To Reconcile Net Income	-4.61	4.76	-1.40	-1.36	-1.39	1.05	-1.74	81	-27	3.41
Changes in Operating Assets and Liabilities, net	29	-9.54	14	-22	43	11	-75	-61	35	11
Net Cash From Investing Activities	-78	-107	-82	-95	-102	-110	-110	-105	-121	-140
Net Cash From Continuing Investing Activities	-78	-107	-82	-95	-102	-110	-110	-105	-121	-140
Acquisitions	-	-1.45	-0.10	-	-2.71	-0.18	0.00	-	-0.25	-1.36
Other Investing Activities, net	-78	-106	-82	-95	-100	-110	-110	-105	-120	-139
Net Cash From Financing Activities	17	35	63	82	-24	51	87	4.55	41	62
Net Cash From Continuing Financing Activities	17	35	63	82	-24	51	87	4.55	41	62
Repayment of Debt	-40	-59	-35	-56	-30	-0.27	-69	-160	-58	-190
Repurchase of Common Equity	-0.11	-0.12	-1.54	-0.11	-0.09	-0.10	-1.14	-0.09	-0.10	-0.10
Payment of Dividends	-14	-14	-14	-15	-15	-15	-16	-17	-16	-17
Issuance of Debt	40	55	93	55	15	64	170	125	75	260
Issuance of Common Equity	27	48	19	95	0.55	0.63	0.77	53	35	0.57
Other Financing Activities, net	3.30	4.42	1.45	2.89	5.49	1.98	2.17	3.90	5.95	8.97
Cash Interest Paid	0.56	25	1.58	22	2.27	23	3.36	25	3.92	24

This table presents California Water Service Group'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	2,241	2,412	2,745	2,838	3,111	3,394	3,623	4,265	4,596	5,180
Total Current Assets	128	142	228	189	185	266	300	296	296	324
Cash & Equivalents	8.84	25	95	47	43	45	78	62	40	50
Restricted Cash	-	-	-	-	-	-	2.27	23	45	46
Note & Lease Receivable	38	42	46	51	49	54	51	54	53	74
Accounts Receivable	32	30	32	30	32	44	61	55	59	59
Inventories, net	6.34	6.29	6.46	6.59	7.75	8.83	9.51	13	16	21
Prepaid Expenses	7.90	7.26	11	12	15	18	-	22	18	20
Other Current Assets	35	30	37	42	38	96	98	67	64	56
Plant, Property, & Equipment, net	1,702	1,859	2,048	2,233	2,406	2,651	2,847	3,473	3,773	4,159
Plant, Property & Equipment, gross	2,507	2,717	2,970	3,229	3,550	3,890	4,197	4,536	4,925	5,400
Accumulated Depreciation	805	858	922	997	1,144	1,240	1,350	1,063	1,152	1,242
Total Noncurrent Assets	412	410	469	416	520	478	476	496	526	697
Goodwill	2.62	2.62	2.62	2.62	2.62	32	37	37	37	37
Other Noncurrent Operating Assets	409	408	466	414	518	446	439	460	489	660
Total Liabilities & Shareholders' Equity	2,241	2,412	2,745	2,838	3,111	3,394	3,623	4,265	4,596	5,180
Total Liabilities	1,599	1,752	2,045	2,108	2,331	2,473	2,451	2,942	3,165	3,542
Total Current Liabilities	148	250	491	321	359	589	272	295	430	538
Short-Term Debt	40	123	291	170	197	375	40	73	181	277
Accounts Payable	66	78	94	96	108	132	144	141	157	168
Accrued Expenses	31	35	37	34	39	37	43	53	60	56
Other Taxes Payable	3.42	3.63	3.89	4.18	4.45	4.48	5.38	8.61	4.59	6.08
Other Current Liabilities	2.23	4.76	59	12	4.46	35	33	12	22	23
Other Current Nonoperating Liabilities	5.09	5.66	6.12	5.67	5.81	6.18	6.54	6.49	6.63	8.41
Total Noncurrent Liabilities	1,451	1,502	1,555	1,786	1,973	1,884	2,179	2,648	2,735	3,004
Long-Term Debt	508	532	516	710	787	781	1,056	1,052	1,053	1,105
Asset Retirement Reserve & Litigation Obligation	35	39	177	211	211	181	180	628	684	815
Noncurrent Deferred Revenue	180	182	183	186	191	-	-	200	199	203
Noncurrent Deferred & Payable Income Tax Liabilities	267	301	196	215	223	276	295	330	353	411
Noncurrent Employee Benefit Liabilities	236	223	252	194	259	116	92	78	83	82
Other Noncurrent Operating Liabilities	225	226	231	271	302	531	556	359	363	389
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	642	659	699	730	780	921	1,172	1,322	1,430	1,638
Total Preferred & Common Equity	642	659	699	730	780	921	1,167	1,318	1,427	1,635
Total Common Equity	642	659	699	730	780	921	1,167	1,318	1,427	1,635
Common Stock	334	335	337	338	363	449	652	761	877	968
Retained Earnings	309	324	363	392	417	472	515	557	550	675
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	0.00	-7.22
Noncontrolling Interest	-	-	-	-	-	0.00	5.39	4.80	3.58	3.02

This table presents California Water Service Group'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	3,806	3,887	3,990	4,041	4,781	4,871	5,015
Total Current Assets	339	269	312	302	283	267	363
Cash & Equivalents	90	52	56	35	43	37	60
Restricted Cash	23	34	34	34	45	45	46
Note & Lease Receivable	66	50	62	67	47	66	76
Accounts Receivable	79	47	63	79	51	71	81
Inventories, net	11	13	14	15	17	18	20
Prepaid Expenses	15	23	22	19	24	24	21
Other Current Assets	55	50	61	53	56	5.50	59
Plant, Property, & Equipment, net	2,988	3,103	3,178	3,248	3,849	3,942	4,041
Plant, Property & Equipment, gross	4,422	4,612	4,715	4,817	5,023	5,142	5,264
Accumulated Depreciation	1,435	1,509	1,538	1,569	1,174	1,199	1,223
Total Noncurrent Assets	480	514	501	491	649	662	611
Goodwill	37	37	37	37	37	37	37
Other Noncurrent Operating Assets	443	477	464	454	612	625	574
Total Liabilities & Shareholders' Equity	3,806	3,887	3,990	4,041	4,781	4,871	5,015
Total Liabilities	2,528	2,584	2,596	2,626	3,310	3,324	3,383
Total Current Liabilities	323	350	363	381	508	513	571
Short-Term Debt	76	133	132	117	281	246	261
Accounts Payable	158	120	138	153	120	144	172
Accrued Expenses	62	63	56	67	72	103	97
Other Current Liabilities	9.68	17	29	26	17	13	24
Other Current Nonoperating Liabilities	17	17	7.16	18	18	6.67	17
Total Noncurrent Liabilities	2,206	2,234	2,234	2,245	2,802	2,811	2,813
Long-Term Debt	1,054	1,052	1,052	1,052	1,052	1,052	1,052
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	743	735
Noncurrent Deferred Revenue	199	199	200	201	198	200	201
Noncurrent Deferred & Payable Income Tax Liabilities	312	326	328	333	370	364	366
Noncurrent Employee Benefit Liabilities	96	79	80	81	83	83	83
Other Noncurrent Operating Liabilities	544	576	573	579	1,099	370	376
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,278	1,303	1,394	1,415	1,471	1,548	1,632
Total Preferred & Common Equity	1,273	1,298	1,390	1,411	1,467	1,545	1,629
Total Common Equity	1,273	1,298	1,390	1,411	1,467	1,545	1,629
Common Stock	712	778	875	876	877	930	966
Retained Earnings	562	520	515	534	603	628	672
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-13	-13	-9.20
Noncontrolling Interest	4.87	4.79	4.45	4.33	3.41	3.09	3.04

This table displays calculated financial ratios and metrics derived from California Water Service Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.53%	3.57%	10.95%	3.27%	2.34%	11.16%	-0.43%	7.02%	-6.12%	30.48%
EBITDA Growth	-8.02%	18.05%	26.56%	-1.35%	13.98%	18.26%	2.83%	-0.59%	-13.50%	75.19%
EBIT Growth	-15.47%	34.66%	31.91%	-9.60%	21.51%	24.99%	-2.72%	-5.34%	-30.30%	166.68%
NOPAT Growth	-12.60%	25.39%	20.34%	10.98%	-16.08%	39.41%	-7.98%	-1.66%	-50.58%	257.07%
Net Income Growth	-20.66%	8.13%	49.85%	-10.09%	-3.76%	53.42%	4.28%	-5.66%	-46.07%	269.99%
EPS Growth	-21.01%	7.45%	50.50%	-10.53%	-3.68%	50.38%	-0.51%	-9.69%	-48.59%	257.14%
Operating Cash Flow Growth	13.14%	10.67%	-7.85%	21.09%	-5.71%	-30.14%	96.50%	5.20%	-10.65%	33.54%
Free Cash Flow Firm Growth	-127.21%	-318.62%	16.71%	-94.89%	-72.32%	-191.12%	83.24%	-78.88%	-192.80%	15.69%
Invested Capital Growth	6.70%	9.16%	9.48%	10.68%	10.08%	18.09%	7.58%	8.02%	9.10%	13.44%
Revenue Q/Q Growth	0.18%	2.09%	3.09%	-0.54%	1.34%	1.57%	-1.96%	3.37%	1.74%	0.75%
EBITDA Q/Q Growth	0.09%	16.72%	-0.55%	-3.94%	9.71%	1.53%	-3.45%	6.20%	9.70%	-1.71%
EBIT Q/Q Growth	-2.82%	33.11%	-4.90%	-10.20%	16.85%	0.43%	-7.97%	11.30%	20.86%	-3.38%
NOPAT Q/Q Growth	-1.72%	31.87%	-5.50%	1.96%	-7.47%	3.52%	-10.27%	12.18%	17.90%	-0.38%
Net Income Q/Q Growth	-6.09%	15.72%	6.32%	-5.83%	-6.00%	4.49%	-10.67%	20.24%	25.59%	-5.22%
EPS Q/Q Growth	-6.00%	14.77%	7.04%	-6.21%	-5.76%	5.35%	-12.11%	19.59%	24.66%	-6.61%
Operating Cash Flow Q/Q Growth	0.33%	5.37%	0.98%	13.62%	-10.15%	-14.00%	15.62%	-3.42%	16.21%	-2.10%
Free Cash Flow Firm Q/Q Growth	-205.16%	41.23%	63.94%	-118.53%	-98.51%	-15.31%	57.66%	-164.48%	8.13%	-23.16%
Invested Capital Q/Q Growth	2.31%	2.58%	-0.39%	1.01%	2.25%	3.35%	0.52%	2.50%	2.10%	2.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.35%	91.73%	72.50%	74.03%	57.96%	44.34%	60.46%	88.30%	89.21%	85.93%
EBITDA Margin	20.59%	23.46%	26.76%	25.57%	28.47%	30.29%	31.28%	29.06%	26.78%	35.95%
Operating Margin	12.09%	13.56%	15.84%	15.83%	13.91%	17.21%	16.03%	15.08%	9.71%	21.71%
EBIT Margin	9.71%	12.62%	15.00%	13.13%	15.59%	17.53%	17.13%	15.15%	11.25%	22.99%
Profit (Net Income) Margin	7.65%	7.99%	10.79%	9.39%	8.83%	12.19%	12.77%	11.25%	6.47%	18.33%
Tax Burden Percent	150.87%	104.90%	108.04%	121.78%	89.89%	99.40%	109.44%	113.54%	129.84%	105.12%
Interest Burden Percent	52.25%	60.34%	66.55%	58.72%	63.01%	69.94%	68.10%	65.42%	44.27%	75.86%
Effective Tax Rate	2.55%	-5.21%	2.29%	-5.05%	1.98%	0.60%	1.39%	3.71%	21.25%	3.62%
Return on Invested Capital (ROIC)	6.04%	7.01%	7.72%	7.78%	5.91%	7.21%	5.91%	5.39%	2.45%	7.86%
ROIC Less NNEP Spread (ROIC-NNEP)	1.31%	0.52%	3.03%	1.28%	2.07%	3.44%	3.66%	2.71%	1.60%	5.67%
Return on Net Nonoperating Assets (RNNOA)	1.06%	0.47%	3.02%	1.40%	2.45%	4.17%	3.74%	2.25%	1.28%	4.53%
Return on Equity (ROE)	7.10%	7.48%	10.74%	9.18%	8.36%	11.38%	9.65%	7.64%	3.73%	12.39%
Cash Return on Invested Capital (CROIC)	-0.45%	-1.75%	-1.33%	-2.36%	-3.68%	-9.38%	-1.40%	-2.32%	-6.26%	-4.74%
Operating Return on Assets (OROA)	2.58%	3.31%	3.93%	3.29%	3.75%	4.28%	3.86%	3.25%	2.02%	4.88%
Return on Assets (ROA)	2.03%	2.09%	2.83%	2.35%	2.12%	2.98%	2.88%	2.42%	1.16%	3.89%
Return on Common Equity (ROCE)	7.10%	7.48%	10.74%	9.18%	8.36%	11.38%	9.62%	7.61%	3.72%	12.36%
Return on Equity Simple (ROE_SIMPLE)	7.01%	7.38%	10.43%	8.98%	8.09%	10.51%	8.66%	7.23%	3.60%	11.62%
Net Operating Profit after Tax (NOPAT)	69	87	105	116	97	136	125	123	61	217
NOPAT Margin	11.78%	14.27%	15.47%	16.63%	13.64%	17.10%	15.80%	14.52%	7.64%	20.92%
Net Nonoperating Expense Percent (NNEP)	4.73%	6.49%	4.68%	6.49%	3.85%	3.78%	2.25%	2.67%	0.85%	2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.02%	2.28%	7.18%
Cost of Revenue to Revenue	27.65%	8.27%	27.50%	25.97%	42.04%	55.66%	39.54%	11.70%	10.79%	14.07%
SG&A Expenses to Revenue	19.22%	14.38%	13.80%	14.43%	15.20%	14.74%	16.02%	15.68%	17.90%	13.46%
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	60.20%	78.19%	56.57%	58.19%	44.04%	27.14%	44.42%	73.21%	79.50%	64.22%
Earnings before Interest and Taxes (EBIT)	57	77	101	92	111	139	135	128	89	238
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	121	143	181	179	203	241	247	246	213	373
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.47	2.14	2.76	2.83	2.92	2.73	3.07	2.40	2.04	1.64
Price to Tangible Book Value (P/TBV)	1.48	2.15	2.77	2.84	2.93	2.83	3.17	2.47	2.09	1.67
Price to Revenue (P/Rev)	1.61	2.32	2.86	2.96	3.19	3.17	4.53	3.74	3.66	2.58
Price to Earnings (P/E)	21.02	29.06	26.47	31.56	36.08	25.97	35.45	32.97	55.96	14.02
Dividend Yield	3.39%	2.34%	1.79%	1.74%	1.67%	1.68%	1.35%	1.73%	2.07%	2.49%
Earnings Yield	4.76%	3.44%	3.78%	3.17%	2.77%	3.85%	2.82%	3.03%	1.79%	7.13%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.58	1.86	1.85	1.86	1.78	2.10	1.78	1.57	1.35
Enterprise Value to Revenue (EV/Rev)	2.52	3.35	3.91	4.16	4.50	4.57	5.82	4.98	5.11	3.82
Enterprise Value to EBITDA (EV/EBITDA)	12.26	14.30	14.61	16.26	15.82	15.07	18.61	17.12	19.07	10.63
Enterprise Value to EBIT (EV/EBIT)	26.00	26.58	26.05	31.65	28.88	26.04	33.99	32.84	45.38	16.63
Enterprise Value to NOPAT (EV/NOPAT)	21.42	23.51	25.26	25.00	33.03	26.69	36.84	34.26	66.78	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	10.24	12.74	17.88	16.21	19.07	30.75	19.87	17.28	18.62	13.63
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	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.99	1.15	1.21	1.26	1.25	0.94	0.85	0.86	0.84
Long-Term Debt to Equity	0.79	0.81	0.74	0.97	1.01	0.85	0.90	0.80	0.74	0.67
Financial Leverage	0.81	0.91	1.00	1.09	1.18	1.21	1.02	0.83	0.80	0.80
Leverage Ratio	3.49	3.57	3.80	3.91	3.94	3.82	3.35	3.16	3.22	3.19
Compound Leverage Factor	1.82	2.16	2.53	2.29	2.48	2.67	2.28	2.07	1.42	2.42
Debt to Total Capital	46.03%	49.83%	53.57%	54.65%	55.78%	55.65%	48.33%	45.98%	46.30%	45.76%
Short-Term Debt to Total Capital	3.33%	9.38%	19.32%	10.56%	11.17%	18.06%	1.77%	2.99%	6.78%	9.19%
Long-Term Debt to Total Capital	42.70%	40.45%	34.25%	44.10%	44.61%	37.60%	46.55%	42.99%	39.52%	36.57%
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%	0.24%	0.20%	0.13%	0.10%
Common Equity to Total Capital	53.97%	50.17%	46.43%	45.35%	44.22%	44.35%	51.44%	53.82%	53.56%	54.14%
Debt to EBITDA	4.52	4.58	4.46	4.93	4.83	4.81	4.43	4.58	5.80	3.71
Net Debt to EBITDA	4.45	4.40	3.93	4.67	4.63	4.62	4.10	4.23	5.40	3.45
Long-Term Debt to EBITDA	4.19	3.72	2.85	3.98	3.87	3.25	4.27	4.28	4.95	2.96
Debt to NOPAT	7.90	7.53	7.71	7.58	10.10	8.51	8.77	9.16	20.31	6.37
Net Debt to NOPAT	7.77	7.24	6.81	7.17	9.66	8.18	8.12	8.47	18.91	5.93
Long-Term Debt to NOPAT	7.33	6.12	4.93	6.11	8.07	5.75	8.45	8.56	17.33	5.09
Altman Z-Score	0.88	0.98	1.00	1.08	1.05	1.06	1.43	1.13	0.92	0.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.41%	0.30%	0.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.57	0.46	0.59	0.51	0.45	1.10	1.00	0.69	0.60
Quick Ratio	0.53	0.39	0.35	0.40	0.35	0.24	0.70	0.58	0.35	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5.18	-22	-18	-35	-61	-177	-30	-53	-155	-131
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.19	-0.71	-0.53	-0.93	-1.47	-4.22	-0.68	-1.19	-3.11	-2.27
Operating Cash Flow to Interest Expense	5.32	5.26	4.36	4.73	4.09	2.82	5.36	5.50	4.37	5.05
Operating Cash Flow Less CapEx to Interest Expense	5.33	5.27	4.38	4.73	4.10	2.82	5.36	5.50	4.37	5.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.26	0.26	0.25	0.24	0.24	0.23	0.21	0.18	0.21
Accounts Receivable Turnover	20.53	19.72	21.55	22.35	23.02	20.88	15.09	14.61	13.89	17.58
Inventory Turnover	26.28	7.98	29.15	27.79	41.92	53.34	34.10	8.98	5.97	7.96
Fixed Asset Turnover	0.36	0.34	0.35	0.33	0.31	0.31	0.29	0.27	0.22	0.26
Accounts Payable Turnover	2.59	0.70	2.16	1.91	2.94	3.68	2.27	0.69	0.58	0.90
Days Sales Outstanding (DSO)	17.78	18.51	16.94	16.33	15.86	17.48	24.18	24.98	26.28	20.76
Days Inventory Outstanding (DIO)	13.89	45.73	12.52	13.13	8.71	6.84	10.70	40.67	61.15	45.87
Days Payable Outstanding (DPO)	141.09	522.01	168.61	190.76	123.96	99.16	161.11	525.70	634.77	406.26
Cash Conversion Cycle (CCC)	-109.43	-457.77	-139.15	-161.29	-99.39	-74.83	-126.22	-460.05	-547.34	-339.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,186	1,295	1,417	1,569	1,727	2,039	2,194	2,370	2,585	2,933
Invested Capital Turnover	0.51	0.49	0.50	0.47	0.43	0.42	0.37	0.37	0.32	0.38
Increase / (Decrease) in Invested Capital	75	109	123	151	158	312	155	176	216	348
Enterprise Value (EV)	1,485	2,044	2,643	2,902	3,218	3,626	4,605	4,211	4,057	3,964
Market Capitalization	946	1,414	1,931	2,070	2,277	2,515	3,584	3,166	2,905	2,675
Book Value per Share	$13.41	$13.75	$14.56	$15.19	$16.20	$18.49	$22.17	$24.03	$24.72	$27.50
Tangible Book Value per Share	$13.36	$13.69	$14.51	$15.14	$16.14	$17.85	$21.47	$23.36	$24.08	$26.87
Total Capital	1,190	1,315	1,506	1,610	1,764	2,078	2,268	2,448	2,664	3,020
Total Debt	548	655	807	880	984	1,156	1,096	1,126	1,233	1,382
Total Long-Term Debt	508	532	516	710	787	781	1,056	1,052	1,053	1,105
Net Debt	539	630	712	833	941	1,112	1,015	1,041	1,148	1,286
Capital Expenditures (CapEx)	-0.32	-0.40	-0.67	-0.06	-0.03	0.00	-0.11	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	-10	-67	-9.63	-20	7.88	-12	-11	-38	-32
Debt-free Net Working Capital (DFNWC)	19	15	28	38	23	52	69	74	47	63
Net Working Capital (NWC)	-20	-108	-263	-132	-174	-323	29	0.89	-134	-214
Net Nonoperating Expense (NNE)	24	38	32	51	34	39	24	28	9.37	27
Net Nonoperating Obligations (NNO)	544	635	718	839	947	1,118	1,022	1,047	1,155	1,295
Total Depreciation and Amortization (D&A)	64	66	80	87	92	101	112	118	123	134
Debt-free, Cash-free Net Working Capital to Revenue	1.78%	-1.70%	-9.89%	-1.38%	-2.76%	0.99%	-1.51%	-1.28%	-4.83%	-3.13%
Debt-free Net Working Capital to Revenue	3.29%	2.49%	4.13%	5.38%	3.21%	6.60%	8.69%	8.77%	5.87%	6.10%
Net Working Capital to Revenue	-3.45%	-17.75%	-38.91%	-18.97%	-24.35%	-40.63%	3.61%	0.10%	-16.87%	-20.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$1.02	$1.40	$1.36	$1.31	$1.97	$1.96	$1.77	$0.91	$3.26
Adjusted Weighted Average Basic Shares Outstanding	47.87M	47.95M	48.01M	48.06M	48.17M	49.27M	51.63M	54.32M	56.95M	58.61M
Adjusted Diluted Earnings per Share	$0.94	$1.01	$1.40	$1.36	$1.31	$1.97	$1.96	$1.77	$0.91	$3.25
Adjusted Weighted Average Diluted Shares Outstanding	47.88M	47.96M	48.01M	48.06M	48.17M	49.27M	51.63M	54.36M	56.98M	58.65M
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	47.87M	47.96M	48.01M	48.07M	48.54M	50.35M	53.71M	55.60M	57.68M	59.49M
Normalized Net Operating Profit after Tax (NOPAT)	69	58	104	77	97	136	125	123	61	217
Normalized NOPAT Margin	11.73%	9.51%	15.38%	11.08%	13.63%	17.10%	15.79%	14.52%	7.64%	20.92%
Pre Tax Income Margin	5.07%	7.61%	9.99%	7.71%	9.83%	12.26%	11.67%	9.91%	4.98%	17.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.09	2.52	2.99	2.42	2.70	3.33	3.14	2.89	1.79	4.14
NOPAT to Interest Expense	2.54	2.85	3.08	3.07	2.36	3.25	2.89	2.77	1.22	3.77
EBIT Less CapEx to Interest Expense	2.11	2.53	3.01	2.42	2.70	3.33	3.14	2.89	1.79	4.14
NOPAT Less CapEx to Interest Expense	2.55	2.86	3.10	3.07	2.36	3.25	2.90	2.77	1.22	3.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	71.23%	67.96%	47.39%	54.96%	60.24%	43.13%	46.94%	57.25%	115.81%	34.70%
Augmented Payout Ratio	71.98%	69.49%	49.45%	57.47%	64.20%	44.87%	48.69%	59.36%	119.40%	35.45%

This table displays calculated financial ratios and metrics derived from California Water Service Group'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	3.73%	15.93%	-24.22%	-5.89%	-4.25%	6.76%	106.52%	25.90%	17.49%	3.58%
EBITDA Growth	-6.85%	34.65%	-60.16%	-12.62%	-20.80%	34.11%	597.32%	72.76%	42.63%	-9.23%
EBIT Growth	-11.74%	104.43%	-211.62%	-29.71%	-31.77%	60.52%	701.07%	172.80%	65.05%	-20.36%
NOPAT Growth	-9.03%	166.04%	-311.12%	-54.32%	-34.95%	32.27%	722.62%	281.21%	53.75%	-5.11%
Net Income Growth	-10.91%	466.68%	-2,598.21%	-50.84%	-38.36%	53.76%	412.04%	327.41%	76.41%	-34.99%
EPS Growth	-14.17%	414.29%	-2,100.00%	-52.78%	-41.75%	50.00%	402.50%	311.76%	71.67%	-42.59%
Operating Cash Flow Growth	-1.41%	-16.42%	-61.31%	-53.66%	-3.59%	69.15%	26.44%	470.50%	-3.91%	-8.38%
Free Cash Flow Firm Growth	52.94%	-4.81%	-41.69%	-95.42%	-173.90%	-21.25%	-18.36%	-13.39%	-45.46%	-71.87%
Invested Capital Growth	5.94%	8.02%	8.50%	9.34%	9.53%	9.10%	13.03%	10.99%	12.79%	13.44%
Revenue Q/Q Growth	29.15%	-24.55%	-34.76%	48.01%	31.40%	-15.87%	26.22%	-9.77%	22.62%	-25.83%
EBITDA Q/Q Growth	65.67%	-41.65%	-69.36%	194.96%	50.16%	-1.18%	59.33%	-26.92%	23.97%	-37.11%
EBIT Q/Q Growth	137.45%	-59.93%	-154.02%	236.74%	130.48%	-5.71%	102.28%	-37.94%	39.45%	-54.50%
NOPAT Q/Q Growth	141.67%	-64.64%	-153.77%	199.40%	244.17%	-28.10%	153.11%	-39.14%	38.80%	-55.62%
Net Income Q/Q Growth	189.79%	-65.03%	-214.70%	142.30%	263.34%	-12.78%	132.78%	-42.06%	49.97%	-67.86%
EPS Q/Q Growth	186.11%	-65.05%	-211.11%	142.50%	252.94%	-10.00%	124.07%	-42.15%	47.14%	-69.90%
Operating Cash Flow Q/Q Growth	207.78%	-60.04%	-52.27%	-21.07%	540.37%	-29.89%	-64.32%	256.12%	7.86%	-33.15%
Free Cash Flow Firm Q/Q Growth	36.69%	-135.14%	-31.84%	0.43%	11.27%	-4.10%	-28.69%	4.61%	-13.83%	-23.00%
Invested Capital Q/Q Growth	1.30%	2.50%	2.08%	3.16%	1.48%	2.10%	5.75%	1.30%	3.12%	2.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.92%	177.30%	55.65%	58.61%	58.38%	174.04%	66.95%	60.42%	59.47%	172.76%
EBITDA Margin	34.99%	27.06%	12.71%	25.33%	28.94%	33.99%	42.91%	34.75%	35.13%	29.79%
Operating Margin	24.39%	13.08%	-13.37%	8.22%	17.05%	16.43%	28.77%	19.72%	22.28%	14.51%
EBIT Margin	23.89%	12.69%	-10.51%	9.71%	17.02%	19.08%	30.57%	21.03%	23.91%	14.67%
Profit (Net Income) Margin	20.91%	9.69%	-17.04%	4.87%	13.46%	13.96%	25.74%	16.53%	20.21%	8.76%
Tax Burden Percent	106.47%	135.22%	86.70%	153.96%	112.13%	104.74%	102.88%	108.12%	104.33%	109.92%
Interest Burden Percent	82.21%	56.48%	187.05%	32.58%	70.53%	69.84%	81.83%	72.69%	81.02%	54.33%
Effective Tax Rate	0.68%	13.22%	0.00%	23.55%	3.47%	14.37%	1.95%	3.50%	3.34%	11.21%
Return on Invested Capital (ROIC)	8.83%	4.21%	-3.24%	2.08%	5.31%	4.51%	10.23%	7.12%	8.23%	4.84%
ROIC Less NNEP Spread (ROIC-NNEP)	7.98%	3.89%	-4.16%	1.83%	4.60%	4.49%	9.67%	6.59%	7.89%	4.09%
Return on Net Nonoperating Assets (RNNOA)	6.97%	3.23%	-3.66%	1.53%	3.67%	3.59%	8.29%	5.21%	6.06%	3.27%
Return on Equity (ROE)	15.80%	7.44%	-6.90%	3.62%	8.98%	8.10%	18.52%	12.32%	14.29%	8.11%
Cash Return on Invested Capital (CROIC)	-0.89%	-2.32%	-4.15%	-5.61%	-6.97%	-6.26%	-5.94%	-3.01%	-3.94%	-4.74%
Operating Return on Assets (OROA)	5.23%	2.72%	-2.25%	2.00%	3.39%	3.42%	6.59%	4.67%	5.44%	3.11%
Return on Assets (ROA)	4.57%	2.08%	-3.64%	1.01%	2.68%	2.50%	5.55%	3.67%	4.59%	1.86%
Return on Common Equity (ROCE)	15.74%	7.41%	-6.87%	3.60%	8.95%	8.08%	18.47%	12.29%	14.26%	8.09%
Return on Equity Simple (ROE_SIMPLE)	6.22%	0.00%	5.55%	4.48%	2.90%	0.00%	9.77%	11.29%	12.31%	0.00%
Net Operating Profit after Tax (NOPAT)	65	23	-12	12	42	30	76	46	65	29
NOPAT Margin	24.22%	11.35%	-9.36%	6.28%	16.46%	14.07%	28.21%	19.03%	21.54%	12.89%
Net Nonoperating Expense Percent (NNEP)	0.84%	0.32%	0.93%	0.25%	0.71%	0.02%	0.56%	0.53%	0.34%	0.75%
Return On Investment Capital (ROIC_SIMPLE)	-	0.93%	-	-	-	1.13%	-	-	-	0.95%
Cost of Revenue to Revenue	39.08%	-77.30%	44.35%	41.39%	41.62%	-74.04%	33.05%	39.58%	40.53%	-72.76%
SG&A Expenses to Revenue	12.51%	16.57%	27.45%	18.02%	13.42%	17.28%	13.15%	13.12%	11.83%	16.39%
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	36.53%	164.22%	69.02%	50.39%	41.33%	157.61%	38.18%	40.70%	37.19%	158.25%
Earnings before Interest and Taxes (EBIT)	64	25	-14	19	43	41	83	51	72	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	54	17	49	74	73	116	85	105	66
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.16	2.40	2.41	2.02	1.89	2.04	1.81	1.80	1.96	1.64
Price to Tangible Book Value (P/TBV)	2.23	2.47	2.49	2.08	1.94	2.09	1.85	1.85	2.00	1.67
Price to Revenue (P/Rev)	3.36	3.74	3.90	3.55	3.42	3.66	2.84	2.83	3.10	2.58
Price to Earnings (P/E)	34.42	32.97	43.11	44.81	64.58	55.96	18.41	15.91	15.85	14.02
Dividend Yield	1.94%	1.73%	1.79%	2.03%	2.23%	2.07%	2.31%	2.24%	2.03%	2.49%
Earnings Yield	2.91%	3.03%	2.32%	2.23%	1.55%	1.79%	5.43%	6.28%	6.31%	7.13%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.78	1.75	1.57	1.49	1.57	1.43	1.45	1.54	1.35
Enterprise Value to Revenue (EV/Rev)	4.61	4.98	5.27	4.94	4.83	5.11	4.17	4.07	4.28	3.82
Enterprise Value to EBITDA (EV/EBITDA)	16.29	17.12	19.23	18.34	19.46	19.07	12.50	11.51	11.60	10.63
Enterprise Value to EBIT (EV/EBIT)	32.74	32.84	41.50	41.54	51.03	45.38	20.98	18.33	17.83	16.63
Enterprise Value to NOPAT (EV/NOPAT)	34.43	34.26	45.49	49.40	73.26	66.78	24.04	20.53	20.21	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.95	17.28	20.13	20.44	20.14	18.62	17.46	13.29	14.81	13.63
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	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.88	0.85	0.91	0.85	0.83	0.86	0.91	0.84	0.80	0.84
Long-Term Debt to Equity	0.82	0.80	0.81	0.75	0.74	0.74	0.72	0.68	0.64	0.67
Financial Leverage	0.87	0.83	0.88	0.84	0.80	0.80	0.86	0.79	0.77	0.80
Leverage Ratio	3.12	3.16	3.04	2.95	2.91	3.22	3.12	3.01	2.97	3.19
Compound Leverage Factor	2.57	1.79	5.69	0.96	2.06	2.25	2.56	2.19	2.41	1.73
Debt to Total Capital	46.91%	45.98%	47.64%	45.93%	45.23%	46.30%	47.55%	45.61%	44.58%	45.76%
Short-Term Debt to Total Capital	3.15%	2.99%	5.36%	5.11%	4.52%	6.78%	10.03%	8.65%	8.86%	9.19%
Long-Term Debt to Total Capital	43.77%	42.99%	42.29%	40.81%	40.71%	39.52%	37.52%	36.96%	35.72%	36.57%
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	0.20%	0.20%	0.19%	0.17%	0.17%	0.13%	0.12%	0.11%	0.10%	0.10%
Common Equity to Total Capital	52.88%	53.82%	52.17%	53.90%	54.60%	53.56%	52.33%	54.28%	55.32%	54.14%
Debt to EBITDA	4.88	4.58	5.38	5.55	6.03	5.80	4.27	3.73	3.46	3.71
Net Debt to EBITDA	4.39	4.23	4.99	5.13	5.67	5.40	3.99	3.49	3.18	3.45
Long-Term Debt to EBITDA	4.55	4.28	4.77	4.93	5.42	4.95	3.37	3.02	2.77	2.96
Debt to NOPAT	10.31	9.16	12.73	14.95	22.68	20.31	8.22	6.65	6.03	6.37
Net Debt to NOPAT	9.27	8.47	11.80	13.82	21.34	18.91	7.67	6.23	5.54	5.93
Long-Term Debt to NOPAT	9.62	8.56	11.29	13.29	20.42	17.33	6.48	5.39	4.83	5.09
Altman Z-Score	1.14	1.05	1.09	1.03	1.00	0.89	0.85	0.86	0.96	0.81
Noncontrolling Interest Sharing Ratio	0.40%	0.41%	0.41%	0.36%	0.34%	0.30%	0.30%	0.26%	0.24%	0.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.00	0.77	0.86	0.79	0.69	0.56	0.52	0.64	0.60
Quick Ratio	0.73	0.58	0.43	0.50	0.47	0.35	0.28	0.34	0.38	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-65	-153	-202	-201	-178	-186	-239	-228	-259	-319
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-5.75	-13.80	-16.83	-15.83	-13.94	-15.04	-15.88	-16.24	-19.07	-21.43
Operating Cash Flow to Interest Expense	9.71	3.96	1.75	1.30	8.29	6.02	1.76	6.73	7.49	4.57
Operating Cash Flow Less CapEx to Interest Expense	9.71	3.96	1.75	1.30	8.29	6.02	1.76	6.73	7.49	4.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.21	0.21	0.21	0.20	0.18	0.22	0.22	0.23	0.21
Accounts Receivable Turnover	11.14	14.61	16.62	12.06	9.90	13.89	19.09	14.68	12.89	17.58
Inventory Turnover	31.87	8.98	26.19	25.52	23.73	5.97	16.05	16.44	15.52	7.96
Fixed Asset Turnover	0.28	0.27	0.27	0.26	0.25	0.22	0.27	0.28	0.28	0.26
Accounts Payable Turnover	2.12	0.69	2.39	2.24	2.02	0.58	2.02	1.84	1.69	0.90
Days Sales Outstanding (DSO)	32.77	24.98	21.96	30.26	36.87	26.28	19.12	24.86	28.31	20.76
Days Inventory Outstanding (DIO)	11.45	40.67	13.94	14.30	15.38	61.15	22.74	22.21	23.51	45.87
Days Payable Outstanding (DPO)	172.19	525.70	152.77	162.75	180.75	634.77	180.62	198.64	215.89	406.26
Cash Conversion Cycle (CCC)	-127.96	-460.05	-116.87	-118.19	-128.50	-547.34	-138.76	-151.57	-164.07	-339.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,312	2,370	2,419	2,495	2,532	2,585	2,734	2,770	2,856	2,933
Invested Capital Turnover	0.36	0.37	0.35	0.33	0.32	0.32	0.36	0.37	0.38	0.38
Increase / (Decrease) in Invested Capital	130	176	190	213	220	216	315	274	324	348
Enterprise Value (EV)	3,773	4,211	4,239	3,912	3,774	4,057	3,900	4,004	4,400	3,964
Market Capitalization	2,752	3,166	3,135	2,813	2,670	2,905	2,652	2,786	3,189	2,675
Book Value per Share	$23.43	$24.03	$23.35	$24.82	$24.45	$24.72	$25.44	$26.74	$27.69	$27.50
Tangible Book Value per Share	$22.75	$23.36	$22.69	$24.16	$23.81	$24.08	$24.80	$26.10	$27.06	$26.87
Total Capital	2,408	2,448	2,489	2,578	2,584	2,664	2,804	2,846	2,944	3,020
Total Debt	1,130	1,126	1,186	1,184	1,169	1,233	1,333	1,298	1,312	1,382
Total Long-Term Debt	1,054	1,052	1,052	1,052	1,052	1,053	1,052	1,052	1,052	1,105
Net Debt	1,016	1,041	1,099	1,094	1,100	1,148	1,245	1,215	1,207	1,286
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-21	-11	-34	-8.64	-31	-38	-32	-82	-52	-32
Debt-free Net Working Capital (DFNWC)	92	74	52	81	38	47	56	0.49	53	63
Net Working Capital (NWC)	17	0.89	-81	-51	-79	-134	-225	-246	-208	-214
Net Nonoperating Expense (NNE)	8.82	3.34	10	2.75	7.64	0.24	6.68	6.10	3.96	9.17
Net Nonoperating Obligations (NNO)	1,034	1,047	1,116	1,101	1,117	1,155	1,263	1,222	1,224	1,295
Total Depreciation and Amortization (D&A)	30	29	30	30	30	32	33	34	34	34
Debt-free, Cash-free Net Working Capital to Revenue	-2.57%	-1.28%	-4.25%	-1.09%	-3.98%	-4.83%	-3.41%	-8.35%	-5.06%	-3.13%
Debt-free Net Working Capital to Revenue	11.29%	8.77%	6.50%	10.23%	4.86%	5.87%	6.04%	0.05%	5.16%	6.10%
Net Working Capital to Revenue	2.03%	0.10%	-10.07%	-6.41%	-10.10%	-16.87%	-24.06%	-24.95%	-20.19%	-20.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.03	$0.36	($0.40)	$0.17	$0.60	$0.54	$1.21	$0.70	$1.03	$0.32
Adjusted Weighted Average Basic Shares Outstanding	54.01M	54.32M	55.67M	56.69M	57.70M	56.95M	57.73M	58.29M	58.93M	58.61M
Adjusted Diluted Earnings per Share	$1.03	$0.36	($0.40)	$0.17	$0.60	$0.54	$1.21	$0.70	$1.03	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	54.04M	54.36M	55.67M	56.73M	57.74M	56.98M	57.77M	58.33M	58.98M	58.65M
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	54.82M	55.60M	55.99M	57.70M	57.71M	57.68M	57.75M	58.83M	59.47M	59.49M
Normalized Net Operating Profit after Tax (NOPAT)	65	23	-12	12	42	30	76	46	65	29
Normalized NOPAT Margin	24.22%	11.35%	-9.36%	6.28%	16.46%	14.07%	28.21%	19.03%	21.54%	12.89%
Pre Tax Income Margin	19.64%	7.17%	-19.65%	3.16%	12.01%	13.32%	25.02%	15.29%	19.38%	7.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.62	2.30	-1.15	1.48	3.39	3.32	5.50	3.66	5.27	2.19
NOPAT to Interest Expense	5.70	2.06	-1.02	0.96	3.28	2.44	5.08	3.31	4.75	1.92
EBIT Less CapEx to Interest Expense	5.62	2.30	-1.15	1.48	3.39	3.32	5.50	3.66	5.27	2.19
NOPAT Less CapEx to Interest Expense	5.70	2.06	-1.02	0.96	3.28	2.44	5.08	3.31	4.75	1.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.99%	57.25%	77.13%	90.93%	141.86%	115.81%	42.68%	36.14%	32.15%	34.70%
Augmented Payout Ratio	69.59%	59.36%	79.74%	93.95%	146.41%	119.40%	43.69%	36.96%	32.87%	35.45%

Frequently Asked Questions About California Water Service Group's Financials

When does California Water Service Group's fiscal year end?

According to the most recent income statement we have on file, California Water Service Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has California Water Service Group's net income changed over the last 9 years?

California Water Service Group's net income appears to be on an upward trend, with a most recent value of $190.09 million in 2024, rising from $45.02 million in 2015. The previous period was $51.38 million in 2023.

What is California Water Service Group's operating income?

California Water Service Group's total operating income in 2024 was $225.05 million, based on the following breakdown:

Total Gross Profit: $890.88 million
Total Operating Expenses: $665.83 million

How has California Water Service Group revenue changed over the last 9 years?

Over the last 9 years, California Water Service Group's total revenue changed from $588.37 million in 2015 to $1.04 billion in 2024, a change of 76.2%.

How much debt does California Water Service Group have?

California Water Service Group's total liabilities were at $3.54 billion at the end of 2024, a 11.9% increase from 2023, and a 121.5% increase since 2015.

How much cash does California Water Service Group have?

In the past 9 years, California Water Service Group's cash and equivalents has ranged from $8.84 million in 2015 to $94.78 million in 2017, and is currently $50.12 million as of their latest financial filing in 2024.

How has California Water Service Group's book value per share changed over the last 9 years?

Over the last 9 years, California Water Service Group's book value per share changed from 13.41 in 2015 to 27.50 in 2024, a change of 105.0%.

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This page (NYSE:CWT) was last updated on 4/16/2025 by MarketBeat.com Staff

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California Water Service Group (CWT) Financials

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California Water Service Group (CWT) Financials

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