CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows From Operating Activities:
Net income	$ 27,130	$ 35,493
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,797	19,450
Provision for doubtful accounts	322	339
Deferred income taxes and investment tax credits	(1,565)	5,948
Stock-based compensation expense	1,637	1,634
Gain on sale of assets	(18)	(8,301)
Other — net	39	(523)
Changes in assets and liabilities:
Accounts receivable — customers	(835)	(6,408)
Unbilled receivable	1,730	41
Other accounts receivable	3,612	489
Receivables from the U.S. government	(14,507)	(2,433)
Materials and supplies	(569)	(854)
Prepayments and other assets	(1,171)	(1,102)
Increase(Decrease) in Contract Assets	12,631	0
Costs and estimated earnings in excess of billings on contracts	0	7,752
Regulatory assets	12,240	(3,855)
Accounts payable	(3,473)	948
Income taxes receivable/payable	4,820	29,089
Contract liabilities / Billings in excess of costs and estimated earnings on contracts	3,132	(1,849)
Accrued pension and other post-retirement benefits	2,495	2,864
Other liabilities	(2,376)	(3,283)
Net cash provided	65,071	75,439
Cash Flows From Investing Activities:
Capital expenditures	(58,782)	(45,896)
Proceeds from sale of assets	29	34,324
Other investing activities	98	232
Net cash used	(58,655)	(11,340)
Cash Flows From Financing Activities:
Proceeds from stock option exercises	340	524
Receipt of advances for and contributions in aid of construction	3,343	5,144
Refunds on advances for construction	(2,616)	(2,868)
Retirement or repayments of long-term debt	(197)	(191)
Net change in notes payable to banks	18,000	(46,000)
Dividends paid	(18,729)	(17,715)
Other financing activities	(1,214)	(1,305)
Net cash used provided	(1,073)	(62,411)
Net increase in cash and cash equivalents	5,343	1,688
Cash and cash equivalents, beginning of period	214	436
Cash and cash equivalents, end of period	5,557	2,124
Non-cash transactions:
Accrued payables for investment in utility plant	16,016	17,777
Property installed by developers and conveyed	929	1,025
GOLDEN STATE WATER COMPANY
Cash Flows From Operating Activities:
Net income	22,538	29,112
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,885	18,952
Provision for doubtful accounts	331	342
Deferred income taxes and investment tax credits	(2,192)	6,234
Stock-based compensation expense	1,326	1,356
Gain on sale of assets	0	(8,301)
Other — net	79	(566)
Changes in assets and liabilities:
Accounts receivable — customers	(835)	(6,408)
Unbilled receivable	745	(559)
Other accounts receivable	2,830	(29)
Materials and supplies	(107)	(713)
Prepayments and other assets	(460)	(625)
Regulatory assets	12,240	(3,855)
Accounts payable	(2,310)	3,290
Inter-company receivable/payable	26	(643)
Income taxes receivable/payable from/to Parent	7,606	25,125
Accrued pension and other post-retirement benefits	2,495	2,864
Other liabilities	(2,603)	(3,000)
Net cash provided	60,594	62,576
Cash Flows From Investing Activities:
Capital expenditures	(53,510)	(45,278)
Proceeds from sale of assets	0	34,324
Other investing activities	98	232
Net cash used	(53,412)	(10,722)
Cash Flows From Financing Activities:
Receipt of advances for and contributions in aid of construction	3,343	5,144
Refunds on advances for construction	(2,616)	(2,868)
Retirement or repayments of long-term debt	(197)	(191)
Net change in inter-company borrowings	(15,000)	51,500
Dividends paid	(18,750)	0
Other financing activities	(1,053)	(1,104)
Net cash used provided	(4,273)	(50,519)
Net increase in cash and cash equivalents	2,909	1,335
Cash and cash equivalents, beginning of period	214	209
Cash and cash equivalents, end of period	3,123	1,544
Non-cash transactions:
Accrued payables for investment in utility plant	16,016	17,759
Property installed by developers and conveyed	$ 929	$ 1,025