Global Water Resources Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 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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Condensed Consolidated Balance Sheet
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| PROPERTY, PLANT AND EQUIPMENT: | ||
| Land | $2,729 | $2,674 |
| Depreciable property, plant and equipment | 427,671 | 414,170 |
| Construction work-in-progress | 66,703 | 48,147 |
| Other | 697 | 697 |
| Less accumulated depreciation | (151,093) | (142,367) |
| Net property, plant and equipment | 346,707 | 323,321 |
| CURRENT ASSETS: | ||
| Cash and cash equivalents | 18,145 | 3,087 |
| Accounts receivable, net | 3,271 | 2,845 |
| Customer payments in-transit | 667 | 543 |
| Unbilled revenue | 3,403 | 2,755 |
| Taxes, prepaid expenses and other current assets | 2,614 | 2,494 |
| Total current assets | 28,100 | 11,724 |
| OTHER ASSETS: | ||
| Goodwill | 9,486 | 10,820 |
| Intangible assets, net | 8,573 | 8,841 |
| Regulatory assets | 4,110 | 2,898 |
| Restricted cash | 3,933 | 1,676 |
| Right-of-use assets | 1,928 | 1,741 |
| Other noncurrent assets | 80 | 74 |
| Total other assets | 28,110 | 26,050 |
| TOTAL ASSETS | $402,917 | $361,095 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $1,284 | $1,027 |
| Accrued expenses | 9,713 | 7,129 |
| Customer and meter deposits | 1,598 | 1,628 |
| Long-term debt, current portion | 3,931 | 3,880 |
| Leases, current portion | 766 | 553 |
| Total current liabilities | 17,292 | 14,217 |
| NONCURRENT LIABILITIES: | ||
| Line of credit | — | 2,315 |
| Long-term debt | 120,427 | 101,341 |
| Long-term lease liabilities | 1,359 | 1,370 |
| Deferred revenue - ICFA | 20,285 | 19,656 |
| Regulatory liabilities | 5,863 | 6,076 |
| Advances in aid of construction | 124,226 | 111,529 |
| Contributions in aid of construction, net | 39,946 | 36,409 |
| Deferred income tax liabilities, net | 10,063 | 8,284 |
| Acquisition liabilities | 2,881 | 3,048 |
| Other noncurrent liabilities | 11,734 | 8,230 |
| Total noncurrent liabilities | 336,784 | 298,258 |
| Total liabilities | 354,076 | 312,475 |
| Commitments and contingencies (Refer to Note 13) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Common stock, $0.01 par value, 60,000,000 shares authorized; 24,565,955 and 24,492,918 shares issued as of September 30, 2024 and December 31, 2023, respectively. | 240 | 240 |
| Treasury stock, 344,329 and 317,677 shares at September 30, 2024 and December 31, 2023, respectively. | (2) | (2) |
| Paid in capital | 46,795 | 47,585 |
| Retained earnings | 1,808 | 797 |
| Total shareholders’ equity | 48,841 | 48,620 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $402,917 | $361,095 |
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