XML 51 R41.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidating Financial Statements (Details 4) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating activities:        
Net income $ 25,120 $ 33,650 $ 36,540 $ 45,344
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     47,406 48,481
Change in value of life insurance contracts     758 (501)
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities:     33,476 (6,497)
Other changes in noncurrent assets and liabilities     (1,656) 13,340
Net cash provided by operating activities     116,524 100,167
Investing activities:        
Utility plant expenditures     (118,309) (86,258)
Investment in affiliates     0 0
Changes in affiliate advances     0 0
Proceeds from affiliates long-term debt     0 0
Purchase of life insurance contracts     (1,855) (3,207)
Change in restricted cash     (241) 354
Net cash used in investing activities     (120,405) (89,111)
Financing Activities:        
Short-term borrowings     82,500 99,900
Repayment of short-term borrowings     (25,000) (85,000)
Debt issuance costs     (1,197) 0
Investment from affiliates     0 0
Changes in affiliate advances     0 0
Repayment of affiliates long-term borrowings     0 0
Proceeds from long-term debt     50 0
Repayment of long-term debt     (2,878) (4,604)
Advances and contributions in aid of construction     10,741 8,780
Refunds of advances for construction     (5,050) (4,858)
Dividends paid to non-affiliates     (24,047) (23,295)
Dividends paid to affiliates     0 0
Net cash provided by (used in) financing activities     35,119 (9,077)
Change in cash and cash equivalents     31,238 1,979
Cash and cash equivalents at beginning of period     19,587 27,506
Cash and cash equivalents at end of period 50,825 29,485 50,825 29,485
Consolidating Adjustments        
Operating activities:        
Net income (24,997) (33,484) (36,123) (44,756)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity earnings of subsidiaries 25,012 33,499 36,168 44,803
Dividends received from affiliates     (24,047) (23,295)
Depreciation and amortization     (76) (80)
Change in value of life insurance contracts     0 $ 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities:     125
Other changes in noncurrent assets and liabilities     (94) $ 33
Net cash provided by operating activities     (24,047) (23,295)
Investing activities:        
Utility plant expenditures     0 0
Investment in affiliates     1,000 46,850
Changes in affiliate advances     280 877
Proceeds from affiliates long-term debt     (767) (699)
Purchase of life insurance contracts     0 0
Change in restricted cash     0 0
Net cash used in investing activities     513 47,028
Financing Activities:        
Short-term borrowings     0 0
Repayment of short-term borrowings     0 0
Investment from affiliates     (1,000) (46,850)
Changes in affiliate advances     (280) (877)
Repayment of affiliates long-term borrowings     767 699
Proceeds from long-term debt     0  
Repayment of long-term debt     0 0
Advances and contributions in aid of construction     0 0
Refunds of advances for construction     0 0
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     24,047 23,295
Net cash provided by (used in) financing activities     23,534 (23,733)
Change in cash and cash equivalents     0 0
Cash and cash equivalents at beginning of period     0 0
Cash and cash equivalents at end of period 0 0 0 0
Parent Company        
Operating activities:        
Net income 25,120 33,650 36,540 45,344
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity earnings of subsidiaries (25,012) (33,499) (36,168) (44,803)
Dividends received from affiliates     24,047 23,295
Depreciation and amortization     171 157
Change in value of life insurance contracts     0 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities:     3,030 (68)
Other changes in noncurrent assets and liabilities     (910) 2,160
Net cash provided by operating activities     26,710 26,085
Investing activities:        
Utility plant expenditures     0 0
Investment in affiliates     (1,000) (46,850)
Changes in affiliate advances     (3,116) (5,455)
Proceeds from affiliates long-term debt     767 699
Purchase of life insurance contracts     0 0
Change in restricted cash     0 0
Net cash used in investing activities     (3,349) (51,606)
Financing Activities:        
Short-term borrowings     2,500 64,900
Repayment of short-term borrowings     0 (20,000)
Debt issuance costs     (399)  
Investment from affiliates     0 0
Changes in affiliate advances     0 (48)
Repayment of affiliates long-term borrowings     0 0
Proceeds from long-term debt     0  
Repayment of long-term debt     0 0
Advances and contributions in aid of construction     0 0
Refunds of advances for construction     0 0
Dividends paid to non-affiliates     (24,047) $ (23,295)
Dividends paid to affiliates     0
Net cash provided by (used in) financing activities     (21,946) $ 21,557
Change in cash and cash equivalents     1,415 (3,964)
Cash and cash equivalents at beginning of period     4,108 5,280
Cash and cash equivalents at end of period 5,523 1,316 5,523 1,316
Cal Water        
Operating activities:        
Net income 23,984 32,558 35,570 45,560
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     43,768 45,059
Change in value of life insurance contracts     758 (501)
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities:     35,324 (7,969)
Other changes in noncurrent assets and liabilities     (9,088) 11,539
Net cash provided by operating activities     106,332 93,688
Investing activities:        
Utility plant expenditures     (114,325) (81,505)
Investment in affiliates     0 0
Changes in affiliate advances     2,918 4,778
Proceeds from affiliates long-term debt     0 0
Purchase of life insurance contracts     (1,855) (3,207)
Change in restricted cash     (241) 354
Net cash used in investing activities     (113,503) (79,580)
Financing Activities:        
Short-term borrowings     80,000 35,000
Repayment of short-term borrowings     (25,000) (65,000)
Debt issuance costs     (798)  
Investment from affiliates     0 42,000
Changes in affiliate advances     2,965 $ 1,814
Repayment of affiliates long-term borrowings     0
Proceeds from long-term debt     0  
Repayment of long-term debt     (2,480) $ (2,919)
Advances and contributions in aid of construction     10,682 8,239
Refunds of advances for construction     (5,014) (4,809)
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     (23,754) (23,005)
Net cash provided by (used in) financing activities     36,601 (8,680)
Change in cash and cash equivalents     29,430 5,428
Cash and cash equivalents at beginning of period     13,929 20,790
Cash and cash equivalents at end of period 43,359 26,218 43,359 26,218
All Other Subsidiaries        
Operating activities:        
Net income 1,013 926 553 (804)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity earnings of subsidiaries 0 0 0 0
Dividends received from affiliates     0 0
Depreciation and amortization     3,543 3,345
Change in value of life insurance contracts     0 0
Changes in operating assets and liabilities:        
Changes in operating assets and liabilities:     (5,003) 1,540
Other changes in noncurrent assets and liabilities     8,436 (392)
Net cash provided by operating activities     7,529 3,689
Investing activities:        
Utility plant expenditures     (3,984) (4,753)
Investment in affiliates     0 0
Changes in affiliate advances     (82) (200)
Proceeds from affiliates long-term debt     0 0
Purchase of life insurance contracts     0 0
Change in restricted cash     0 0
Net cash used in investing activities     (4,066) (4,953)
Financing Activities:        
Short-term borrowings     0 0
Repayment of short-term borrowings     0 0
Debt issuance costs     0  
Investment from affiliates     1,000 4,850
Changes in affiliate advances     (2,685) (889)
Repayment of affiliates long-term borrowings     (767) (699)
Proceeds from long-term debt     50  
Repayment of long-term debt     (398) (1,685)
Advances and contributions in aid of construction     59 541
Refunds of advances for construction     (36) (49)
Dividends paid to non-affiliates     0 0
Dividends paid to affiliates     (293) (290)
Net cash provided by (used in) financing activities     (3,070) 1,779
Change in cash and cash equivalents     393 515
Cash and cash equivalents at beginning of period     1,550 1,436
Cash and cash equivalents at end of period $ 1,943 $ 1,951 $ 1,943 $ 1,951