Business Segments

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Business Segments

Business Segments

AWR has 3 reportable segments, water, electric and contracted services. Since July 1, 2020, GSWC has 1 segment, water. Prior to July 1, 2020, GSWC also had an electric segment. On July 1, 2020, GSWC completed the transfer of the electric utility assets and liabilities from its electric division to BVESI, now a wholly owned direct subsidiary of AWR. As a result of this transfer, from July 1, 2020 onward, operating results and cash flows of the electric segment, as well as its assets and liabilities as of December 31, 2021 and 2020, are no longer included in GSWC's financial statements, but continue to be included in AWR's consolidated financial statements (Note 20). On a stand-alone basis, AWR has no material assets other than its equity investments in its subsidiaries and notes receivable therefrom, and deferred taxes.

All activities of GSWC and BVESI are geographically located within California.  Activities of ASUS and the Military Utility Privatization Subsidiaries are conducted in California, Florida, Georgia, Kansas, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia.  Each of the Military Utility Privatization Subsidiaries is regulated, if applicable, by the state in which the subsidiary primarily conducts water and/or wastewater operations.  Fees charged for operations and maintenance and renewal and replacement services are based upon the terms of the contracts with the U.S. government, which have been filed, as appropriate, with the commissions in the states in which ASUS’s subsidiaries are incorporated.

The tables below set forth information relating to the water and electric operating segments, ASUS and the Military Utility Privatization Subsidiaries and other matters. The utility plant balances are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash and exclude U.S. government-funded and third-party prime funded capital expenditures for ASUS and property installed by developers and conveyed to GSWC and BVESI.

	As Of And For The Year Ended December 31, 2021
							AWR		Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent		AWR
Operating revenues	$	347,112	$	38,345	$	113,396	$	—	$	498,853
Operating income (loss)	107,573		10,738		22,675		(9)		140,977
Interest expense, net	21,046		141		(637)		791		21,341
Utility Plant	1,499,745		106,508		19,751		—		1,626,004
Depreciation and amortization expense (1)	33,384		2,572		3,640		—		39,596
Income tax expense (benefit)	22,095		2,975		5,434		(81)		30,423
Capital additions	123,526		19,859		1,130		—		144,515

	As Of And For The Year Ended December 31, 2020
							AWR		Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent		AWR
Operating revenues	$	330,637	$	37,024	$	120,582	$	—	$	488,243
Operating income (loss)	97,896		10,303		22,309		(9)		130,499
Interest expense, net	20,312		584		(496)		330		20,730
Utility Plant	1,400,489		89,308		22,246		—		1,512,043
Depreciation and amortization expense (1)	30,969		2,479		3,402		—		36,850
Income tax expense/(benefit)	20,515		2,689		5,201		(208)		28,197
Capital additions	107,355		18,393		4,675		—		130,423

	As Of And For The Year Ended December 31, 2019
	GSWC						AWR		Consolidated
(dollars in thousands)	Water		Electric		ASUS		Parent		AWR
Operating revenues	$	319,830	$	39,548	$	114,491	$	—	$	473,869
Operating income (loss)	93,895		11,197		21,990		(9)		127,073
Interest expense, net	20,304		1,228		(734)		539		21,337
Utility Plant	1,322,062		72,680		20,963		—		1,415,705
Depreciation and amortization expense (1)	29,956		2,485		2,956		—		35,397
Income tax expense/(benefit)	17,295		2,882		5,202		(709)		24,670
Capital additions	131,353		11,499		9,088		—		151,940

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(1)      Depreciation computed on regulated utilities' transportation equipment is recorded in other operating expenses and totaled $379,000, $353,000 and $316,000 for the years ended December 31, 2021, 2020 and 2019, respectively.

The following table reconciles total utility plant (a key figure for rate-making) to total consolidated assets (in thousands):

	December 31,
	2021		2020
Total utility plant	$	1,626,004	$	1,512,043
Other assets	274,979		279,560
Total consolidated assets	$	1,900,983	$	1,791,603