| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Land | NaN | 64,379 | NaN | NaN |
| Depreciable plant and equipment | NaN | 5,471,263 | NaN | NaN |
| Construction work in progress | NaN | 333,824 | NaN | NaN |
| Intangible assets | NaN | 39,776 | NaN | NaN |
| Utility plant | 6,012,052 | 5,909,242 | 5,762,800 | 5,627,888 |
| Less accumulated depreciation and amortization | 1,346,695 | 1,329,652 | 1,318,798 | 1,293,277 |
| Net utility plant | 4,665,357 | 4,579,590 | 4,444,002 | 4,334,611 |
| Cash and cash equivalents | 58,102 | 51,820 | 75,990 | 50,539 |
| Restricted cash | 45,642 | 45,553 | 45,620 | 45,617 |
| Customers, net | 52,580 | 56,322 | 79,986 | 75,437 |
| Short-term regulatory accounts | 78,336 | 72,511 | 74,028 | 63,169 |
| Other, net | 47,464 | 49,004 | 19,418 | 28,109 |
| Accrued and unbilled revenue, net | 39,879 | 39,674 | 61,654 | 52,802 |
| Materials and supplies | 19,637 | 19,784 | 20,069 | 19,879 |
| Taxes, prepaid expenses, and other assets | 33,521 | 19,760 | 22,547 | 26,029 |
| Total current assets | 375,161 | 354,428 | 399,312 | 361,581 |
| Regulatory assets | 341,684 | 339,865 | 326,519 | 359,919 |
| Goodwill | 37,063 | 37,063 | 37,063 | 37,063 |
| Other | 360,484 | 360,219 | 312,521 | 306,755 |
| Total other assets | 739,231 | 737,147 | 676,103 | 703,737 |
| Total assets | 5,779,749 | 5,671,165 | 5,519,417 | 5,399,929 |
| Common stock, 0.01 par value 136,000 shares authorized, 59,853 and 59,638 outstanding on march31, 2026 and december31, 2025, respectively | 599 | 596 | 596 | 596 |
| Additional paid-in capital | 980,113 | 973,454 | 970,960 | 968,820 |
| Retained earnings | 713,333 | 729,276 | 735,673 | 692,319 |
| Accumulated other comprehensive loss | -13,537 | -13,922 | -6,755 | -6,909 |
| Noncontrolling interest | 2,604 | 2,571 | 2,421 | 2,443 |
| Total equity | 1,683,112 | 1,691,975 | 1,702,895 | 1,657,269 |
| Long-term debt, net | 1,472,034 | 1,471,968 | 1,103,819 | 1,104,046 |
| Total capitalization | 3,155,146 | 3,163,943 | 2,806,714 | 2,761,315 |
| Current maturities of long-term debt, net | 821 | 2,270 | 72,490 | 72,467 |
| Short-term borrowings | 230,000 | 130,000 | 345,000 | 360,000 |
| Accounts payable | 164,802 | 175,729 | 188,176 | 166,958 |
| Short-term regulatory accounts | 51,594 | 25,458 | 23,443 | 17,641 |
| Accrued other taxes | 7,460 | 6,048 | 17,886 | 3,065 |
| Accrued interest | 23,471 | 12,976 | 19,478 | 8,980 |
| Other accrued liabilities | 66,809 | 65,683 | 63,446 | 56,969 |
| Total current liabilities | 544,957 | 418,164 | 729,919 | 686,080 |
| Deferred income taxes | 452,591 | 450,946 | 407,562 | 422,779 |
| Regulatory liabilities | 915,692 | 929,814 | 870,620 | 845,657 |
| Pension | 94,733 | 94,226 | 82,427 | 82,166 |
| Advances for construction | 212,175 | 210,638 | 210,412 | 207,730 |
| Contributions in aid of construction | 297,719 | 297,016 | 295,649 | 294,867 |
| Other long-term liabilities | 106,736 | 106,418 | 116,114 | 99,335 |
| Total capitalization and liabilities | 5,779,749 | 5,671,165 | 5,519,417 | 5,399,929 |
CALIFORNIA WATER SERVICE GROUP (CWT)
CALIFORNIA WATER SERVICE GROUP (CWT)