Global Water Resources Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
GWRS$7.01-3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| UTILITY PLANT: | ||
| Utility plant | $512,993 | $465,688 |
| Less accumulated depreciation | (153,614) | (142,367) |
| Net utility plant | 359,379 | 323,321 |
| CURRENT ASSETS: | ||
| Cash and cash equivalents | 9,047 | 3,087 |
| Accounts receivable, net of allowance for credit losses of $163 and $122, respectively | 3,233 | 3,388 |
| Unbilled revenue | 3,109 | 2,755 |
| Taxes, prepaid expenses and other current assets | 4,080 | 2,494 |
| Total current assets | 19,469 | 11,724 |
| OTHER ASSETS: | ||
| Goodwill | 9,486 | 10,820 |
| Intangible assets, net | 8,427 | 8,841 |
| Regulatory assets | 4,032 | 2,898 |
| Restricted cash | 2,109 | 1,676 |
| Right-of-use assets | 2,157 | 1,741 |
| Other noncurrent assets | 78 | 74 |
| Total other assets | 26,289 | 26,050 |
| TOTAL ASSETS | $405,137 | $361,095 |
| CAPITALIZATION AND LIABILITIES | ||
| CAPITALIZATION | ||
| Common stock, $0.01 par value, 60,000,000 shares authorized; 24,570,994 and 24,492,918 shares issued as of December 31, 2024 and December 31, 2023, respectively. | $240 | $240 |
| Treasury stock, 344,978 and 317,677 shares at December 31, 2024 and December 31, 2023, respectively. | (2) | (2) |
| Additional paid-in capital | 47,366 | 47,585 |
| Retained earnings | — | 797 |
| Total shareholders’ equity | 47,604 | 48,620 |
| Long-term debt, net | 118,518 | 101,341 |
| Total Capitalization | 166,122 | 149,961 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 2,051 | 1,027 |
| Customer and meter deposits | 1,609 | 1,628 |
| Long-term debt, current portion | 3,926 | 3,880 |
| Leases, current portion | 871 | 553 |
| Accrued expenses and other current liabilities | 13,801 | 7,129 |
| Total current liabilities | 22,258 | 14,217 |
| OTHER LIABILITIES: | ||
| Line of credit | — | 2,315 |
| Long-term lease liabilities | 1,450 | 1,370 |
| Deferred revenue - ICFA | 21,517 | 19,656 |
| Regulatory liabilities | 5,386 | 6,076 |
| Advances in aid of construction | 126,467 | 111,529 |
| Contributions in aid of construction, net | 36,834 | 32,823 |
| Deferred income tax liabilities, net | 9,698 | 8,284 |
| Other noncurrent liabilities | 15,405 | 14,864 |
| Total other liabilities | 216,757 | 196,917 |
| Commitments and contingencies (Refer to Note 17) | ||
| TOTAL CAPITALIZATION AND LIABILITIES | $405,137 | $361,095 |
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