XML 84 R70.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Details 4) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income (loss) $ 67,181 $ 48,675 $ 45,017
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity earnings of subsidiaries 0 0 0
Dividends received from affiliates 0 0 0
Depreciation and amortization 78,592 65,203 63,182
Amortization of debt premium and expenses 920 871 825
Change in value of life insurance contracts (3,058) (1,026) 218
Stock-based compensation 3,118 2,849 2,578
(Gain) loss on sale of non-utility property (663) 146 (315)
Write-off of capital costs 1,293 3,221 0
Changes in normalized deferred income taxes 21,087 26,818 24,393
Allowance for equity funds used during construction (3,750) 0 0
Changes in operating assets and liabilities (36,389) 6,781 (1,877)
Other changes in noncurrent assets and liabilities 21,724 6,906 11,773
Net cash provided by operating activities 147,842 160,444 144,969
Investing activities:      
Utility plant expenditures (259,194) (228,938) (176,833)
TCP settlement proceeds 56,004 0 0
Proceeds from sale of non-utility properties 666 395 319
Investment in affiliates     0
Change in affiliate advances 0 0 0
Collection of affiliate short-term borrowings   0 0
Life insurance benefits 1,558 495 0
Issuance of affiliate short-term borrowings 0 0 0
Collection of affiliate long-term debt 0 0 0
Purchase of life insurance contracts (5,605) (2,857) (2,032)
Change in restricted cash (81) 66 288
Net cash used in investing activities (206,652) (230,839) (178,258)
Financing Activities:      
Short-term borrowings 265,000 145,100 94,303
Repayment of short-term borrowings (87,000) (81,615) (141,000)
Investment from affiliates     0
Change in affiliate advances 0 0 0
Proceeds from affiliate short-term borrowings 0 0 0
Repayment of affiliate short-term borrowings   0 0
Repayment of affiliate long-term debt 0 0 0
Issuance of long-term debt, net 0 49,823 99,343
Repayment of long-term debt (26,829) (6,996) (7,003)
Repurchase of common stock (1,505) (744) (338)
Advances and contributions in aid of construction 21,369 21,448 16,026
Refunds of advances for construction (8,378) (6,885) (6,726)
Dividends paid to non-affiliates (34,563) (33,081) (32,066)
Dividends paid to affiliates 0 0 0
Net cash provided by financing activities 128,094 87,050 22,539
Change in cash and cash equivalents 69,284 16,655 (10,750)
Cash and cash equivalents at beginning of year 25,492 8,837 19,587
Cash and cash equivalents at end of year 94,776 25,492 8,837
Consolidating Adjustments      
Operating activities:      
Net income (loss) (66,674) (48,101) (44,456)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity earnings of subsidiaries 66,728 48,158 44,516
Dividends received from affiliates (34,563) (33,081) (32,066)
Depreciation and amortization (91) (96) (101)
Amortization of debt premium and expenses   0  
Change in value of life insurance contracts 0 0 0
Stock-based compensation 0 0 0
(Gain) loss on sale of non-utility property 0 0 0
Write-off of capital costs   0  
Changes in normalized deferred income taxes 0 0 0
Allowance for equity funds used during construction 0    
Changes in operating assets and liabilities 0 0 (94)
Other changes in noncurrent assets and liabilities 37 39 135
Net cash provided by operating activities (34,563) (33,081) (32,066)
Investing activities:      
Utility plant expenditures 0 0 0
TCP settlement proceeds 0    
Proceeds from sale of non-utility properties 0 0 0
Investment in affiliates     1,000
Change in affiliate advances 363 (1,335) 1,235
Collection of affiliate short-term borrowings   (42,465) (3,000)
Life insurance benefits 0 0  
Issuance of affiliate short-term borrowings 2,610 22,965 24,780
Collection of affiliate long-term debt (1,356) (1,175) (1,007)
Purchase of life insurance contracts 0 0 0
Change in restricted cash 0 0 0
Net cash used in investing activities 1,617 (22,010) 23,008
Financing Activities:      
Short-term borrowings 0 0 0
Repayment of short-term borrowings 0 0 0
Investment from affiliates     (1,000)
Change in affiliate advances (363) 1,335 (1,235)
Proceeds from affiliate short-term borrowings (2,610) (22,965) (24,780)
Repayment of affiliate short-term borrowings   42,465 3,000
Repayment of affiliate long-term debt 1,356 1,175 1,007
Issuance of long-term debt, net   0 0
Repayment of long-term debt 0 0 0
Repurchase of common stock 0 0 0
Advances and contributions in aid of construction 0 0 0
Refunds of advances for construction 0 0 0
Dividends paid to non-affiliates 0 0 0
Dividends paid to affiliates 34,563 33,081 32,066
Net cash provided by financing activities 32,946 55,091 9,058
Change in cash and cash equivalents 0 0 0
Cash and cash equivalents at beginning of year 0 0 0
Cash and cash equivalents at end of year 0 0 0
Parent Company      
Operating activities:      
Net income (loss) 67,181 48,675 45,017
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity earnings of subsidiaries (66,728) (48,158) (44,516)
Dividends received from affiliates 34,563 33,081 32,066
Depreciation and amortization 94 220 228
Amortization of debt premium and expenses   0  
Change in value of life insurance contracts 0 0 0
Stock-based compensation 3,118 2,849 2,578
(Gain) loss on sale of non-utility property 0 0 0
Write-off of capital costs   0  
Changes in normalized deferred income taxes 0 0 0
Allowance for equity funds used during construction 0    
Changes in operating assets and liabilities 184 (14) (758)
Other changes in noncurrent assets and liabilities 254 355 1,774
Net cash provided by operating activities 38,666 37,008 36,389
Investing activities:      
Utility plant expenditures (4) 0 0
TCP settlement proceeds 0    
Proceeds from sale of non-utility properties 0 0 0
Investment in affiliates     (1,000)
Change in affiliate advances 172 291 (239)
Collection of affiliate short-term borrowings   365 3,000
Life insurance benefits 0 0  
Issuance of affiliate short-term borrowings (2,610) (2,365) (3,280)
Collection of affiliate long-term debt 1,356 1,175 1,007
Purchase of life insurance contracts 0 0 0
Change in restricted cash 0 0 0
Net cash used in investing activities (1,086) (534) (512)
Financing Activities:      
Short-term borrowings 0 44,100 15,101
Repayment of short-term borrowings (2,000) (20,615) (43,600)
Investment from affiliates     0
Change in affiliate advances 0 0 0
Proceeds from affiliate short-term borrowings 0 20,600 21,500
Repayment of affiliate short-term borrowings   (42,100) 0
Repayment of affiliate long-term debt 0 0 0
Issuance of long-term debt, net   0 0
Repayment of long-term debt 0 0 0
Repurchase of common stock (1,505) (744) (338)
Advances and contributions in aid of construction 0 0 0
Refunds of advances for construction 0 0 0
Dividends paid to non-affiliates (34,563) (33,081) (32,066)
Dividends paid to affiliates 0 0 0
Net cash provided by financing activities (38,068) (31,840) (39,403)
Change in cash and cash equivalents (488) 4,634 (3,526)
Cash and cash equivalents at beginning of year 5,216 582 4,108
Cash and cash equivalents at end of year 4,728 5,216 582
Cal Water      
Operating activities:      
Net income (loss) 64,312 45,316 44,056
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity earnings of subsidiaries 0 0 0
Dividends received from affiliates 0 0 0
Depreciation and amortization 74,041 60,572 58,385
Amortization of debt premium and expenses   871  
Change in value of life insurance contracts (3,058) (1,026) 218
Stock-based compensation 0 0 0
(Gain) loss on sale of non-utility property (663) 146 (315)
Write-off of capital costs   3,221  
Changes in normalized deferred income taxes 21,087 26,818 24,393
Allowance for equity funds used during construction (3,750)    
Changes in operating assets and liabilities (36,611) 6,534 (6,417)
Other changes in noncurrent assets and liabilities 18,860 4,645 14,807
Net cash provided by operating activities 134,218 147,097 135,127
Investing activities:      
Utility plant expenditures (252,055) (224,378) (171,645)
TCP settlement proceeds 56,004    
Proceeds from sale of non-utility properties 666 395 319
Investment in affiliates     0
Change in affiliate advances (485) 1,111 (1,111)
Collection of affiliate short-term borrowings   42,100 0
Life insurance benefits 1,558 495  
Issuance of affiliate short-term borrowings 0 (20,600) (21,500)
Collection of affiliate long-term debt 0 0 0
Purchase of life insurance contracts (5,605) (2,857) (2,032)
Change in restricted cash (81) 66 288
Net cash used in investing activities (199,998) (203,668) (195,681)
Financing Activities:      
Short-term borrowings 265,000 101,000 79,202
Repayment of short-term borrowings (85,000) (61,000) (97,400)
Investment from affiliates     0
Change in affiliate advances 41 (128) 397
Proceeds from affiliate short-term borrowings 0 0 0
Repayment of affiliate short-term borrowings   0 0
Repayment of affiliate long-term debt 0 0 0
Issuance of long-term debt, net   49,823 99,293
Repayment of long-term debt (26,223) (6,548) (6,528)
Repurchase of common stock 0 0 0
Advances and contributions in aid of construction 21,075 21,329 14,195
Refunds of advances for construction (8,373) (6,855) (6,681)
Dividends paid to non-affiliates 0 0 0
Dividends paid to affiliates (33,015) (32,105) (31,583)
Net cash provided by financing activities 133,505 65,516 50,895
Change in cash and cash equivalents 67,725 8,945 (9,659)
Cash and cash equivalents at beginning of year 13,215 4,270 13,929
Cash and cash equivalents at end of year 80,940 13,215 4,270
All Other Subsidiaries      
Operating activities:      
Net income (loss) 2,362 2,785 400
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity earnings of subsidiaries 0 0 0
Dividends received from affiliates 0 0 0
Depreciation and amortization 4,548 4,507 4,670
Amortization of debt premium and expenses   0  
Change in value of life insurance contracts 0 0 0
Stock-based compensation 0 0 0
(Gain) loss on sale of non-utility property 0 0 0
Write-off of capital costs   0  
Changes in normalized deferred income taxes 0 0 0
Allowance for equity funds used during construction 0    
Changes in operating assets and liabilities 38 261 5,392
Other changes in noncurrent assets and liabilities 2,573 1,867 (4,943)
Net cash provided by operating activities 9,521 9,420 5,519
Investing activities:      
Utility plant expenditures (7,135) (4,560) (5,188)
TCP settlement proceeds 0    
Proceeds from sale of non-utility properties 0 0 0
Investment in affiliates     0
Change in affiliate advances (50) (67) 115
Collection of affiliate short-term borrowings   0 0
Life insurance benefits 0 0  
Issuance of affiliate short-term borrowings 0 0 0
Collection of affiliate long-term debt 0 0 0
Purchase of life insurance contracts 0 0 0
Change in restricted cash 0 0 0
Net cash used in investing activities (7,185) (4,627) (5,073)
Financing Activities:      
Short-term borrowings 0 0 0
Repayment of short-term borrowings 0 0 0
Investment from affiliates     1,000
Change in affiliate advances 322 (1,207) 838
Proceeds from affiliate short-term borrowings 2,610 2,365 3,280
Repayment of affiliate short-term borrowings   (365) (3,000)
Repayment of affiliate long-term debt (1,356) (1,175) (1,007)
Issuance of long-term debt, net   0 50
Repayment of long-term debt (606) (448) (475)
Repurchase of common stock 0 0 0
Advances and contributions in aid of construction 294 119 1,831
Refunds of advances for construction (5) (30) (45)
Dividends paid to non-affiliates 0 0 0
Dividends paid to affiliates (1,548) (976) (483)
Net cash provided by financing activities (289) (1,717) 1,989
Change in cash and cash equivalents 2,047 3,076 2,435
Cash and cash equivalents at beginning of year 7,061 3,985 1,550
Cash and cash equivalents at end of year $ 9,108 $ 7,061 $ 3,985