Global Water Resources Inc

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

GWRS$6.93-1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of and

	December 31, 2023	December 31, 2022
ASSETS
PROPERTY, PLANT AND EQUIPMENT:
Land	$2,674	$1,480
Depreciable property, plant and equipment	414,170	344,043
Construction work-in-progress	48,147	66,039
Other	697	697
Less accumulated depreciation	(142,367)	(124,522)
Net property, plant and equipment	323,321	287,737
CURRENT ASSETS:
Cash and cash equivalents	3,087	6,561
Accounts receivable, net	2,845	2,139
Customer payments in-transit	543	462
Unbilled revenue	2,755	2,557
Taxes, prepaid expenses and other current assets	2,494	2,439
Total current assets	11,724	14,158
OTHER ASSETS:
Goodwill	10,820	4,957
Intangible assets, net	8,841	10,139
Regulatory assets	2,898	3,169
Restricted cash	1,676	1,001
Right-of-use assets	1,741	1,891
Other noncurrent assets	74	34
Total other assets	26,050	21,191
TOTAL ASSETS	$361,095	$323,086
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$1,027	$2,173
Accrued expenses	7,129	8,056
Customer and meter deposits	1,628	1,682
Long-term debt, current portion	3,880	3,833
Leases, current portion	553	505
Total current liabilities	14,217	16,249
NONCURRENT LIABILITIES:
Line of credit	2,315	—
Long-term debt	101,341	104,945
Long-term lease liabilities	1,370	1,616
Deferred revenue - ICFA	19,656	20,974
Regulatory liabilities	6,076	6,371
Advances in aid of construction	111,529	93,656
Contributions in aid of construction, net	36,409	26,404
Deferred income tax liabilities, net	8,284	5,949
Acquisition liabilities	3,048	1,773
Other noncurrent liabilities	8,230	755
Total noncurrent liabilities	298,258	262,443
Total liabilities	312,475	278,692
Commitments and contingencies (Refer to Note 16)
SHAREHOLDERS’ EQUITY:
Common stock, $0.01 par value, 60,000,000 shares authorized; 24,492,918 and 24,095,139 shares issued as of December 31, 2023 and December 31, 2022, respectively.	240	239
Treasury stock, 317,677 and 224,093 shares at December 31, 2023 and December 31, 2022, respectively.	(2)	(2)
Paid in capital	47,585	44,157
Retained earnings	797	—
Total shareholders’ equity	48,620	44,394
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$361,095	$323,086

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.