Completion of Electric Utility Reorganization Plan (Tables)

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Completion of Electric utility reorganization plan -selected information for the results of operations and its cash flows

The table below sets forth selected information relating to the electric segment's results of operations for the nine months ended September 30, 2021 as a subsidiary of AWR, and for the six months ended June 30, 2020 while a division of GSWC plus the three months ended September 30, 2020 as a new subsidiary of AWR:

	Nine Months Ended		Six Months Ended		Three Months Ended
	September 30, 2021		June 30, 2020		September 30, 2020		Nine Months Ended
(in thousands)	(Subsidiary of AWR)		(Division of GSWC)		(Subsidiary of AWR)		September 30, 2020
Electric revenues	$	28,211	$	18,647	$	8,288	$	26,935
Operating expenses	20,915		13,647		6,423		20,070
Operating income	7,296		5,000		1,865		6,865
Net income	$	5,310	$	3,409	$	1,308	$	4,717

The table below sets forth the electric segment's post-spinoff cash flows for the nine months ended September 30, 2021, and for the three months ended September 30, 2020.

	Nine Months Ended September 30, 2021		Three Months Ended September 30, 2020
(in thousands)	(Subsidiary of AWR)		(Subsidiary of AWR)
Net cash provided from operating activities	$	7,215	$	603
Net cash used in investing activities	(15,139)		(3,039)
Net cash provided from financing activities (1)	7,824		2,999
Net change in cash and cash equivalents	(100)		563
Cash and cash equivalents, beginning of period	367		20
Cash and cash equivalents, end of period	$	267	$	583

(1)    Effective July 1, 2020, BVESI has a 3-year, $35 million revolving credit facility agreement. As of September 30, 2021, there was $28.0 million outstanding under this facility. Under the terms of the credit agreement, BVESI has the option to request an increase in the facility of an additional $15.0 million subject to approval by the financial institution.