Business Segments

3 Months Ended

Mar. 31, 2020

AWR has three reportable segments, water, electric and contracted services, whereas GSWC has two segments, water and electric. On a stand-alone basis, AWR has no material assets other than its equity investments in its subsidiaries and note receivables therefrom, and deferred taxes.

All activities of GSWC, a rate-regulated utility, are geographically located within California. Activities of ASUS and its subsidiaries are conducted in California, Georgia, Florida, Kansas, Maryland, New Mexico, North Carolina, South Carolina, Texas and Virginia. Each of ASUS’s wholly owned 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 GSWC’s operating segments, ASUS and its subsidiaries and other matters. Total assets by segment are not presented below, as certain of Registrant’s assets are not tracked by segment. The utility plant amounts are net of respective accumulated provisions for depreciation. Capital additions reflect capital expenditures paid in cash, excluding U.S. government- and third-party contractor-funded capital expenditures for ASUS and property installed by developers and conveyed to GSWC.



	As Of And For The Three Months Ended March 31, 2020
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	71,424	$	10,968	$	26,685		$	—		$	109,077
Operating income (loss)	18,605		3,487		3,609			(2		)	25,699
Interest expense, net	5,133		326		(77		)	110			5,492
Utility plant	1,336,012		74,745		21,640			—			1,432,397
Depreciation and amortization expense (1)	7,422		607		782			—			8,811
Income tax expense (benefit)	2,378		850		748			(75		)	3,901
Capital additions	28,459		3,554		1,531			—			33,544



	As Of And For The Three Months Ended March 31, 2019
	GSWC							AWR			Consolidated
(dollars in thousands)	Water		Electric		ASUS			Parent			AWR
Operating revenues	$	64,723	$	10,629	$	26,381		$	—		$	101,733
Operating income (loss)	13,266		2,061		4,870			(2		)	20,195
Interest expense, net	5,237		353		(361		)	146			5,375
Utility plant	1,247,080		62,584		15,838			—			1,325,502
Depreciation and amortization expense (1)	9,389		600		843			—			10,832
Income tax expense (benefit)	1,673		447		1,125			65			3,310
Capital additions	38,379		734		1,449			—			40,562

(1) Depreciation computed on GSWC’s transportation equipment is recorded in other operating expenses and totaled $82,000

and $58,000 for the three months ended March 31, 2020 and 2019, respectively.

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



	March 31,
	2020		2019
Total utility plant	$	1,432,397	$	1,325,502
Other assets	228,492		200,595
Total consolidated assets	$	1,660,889	$	1,526,097