Global Water Resources, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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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.
Jun 30, 2025 · Filed Aug 13, 2025
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8. Goodwill
- Goodwill
The Company’s goodwill is related to historical acquisitions. As of June 30, 2025, there were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill subsequent to the acquisitions.
In March 2025, in connection with the 2024 GW-Farmers rate case, the Company reclassified approximately $3.0 million of goodwill to regulatory assets to establish an acquisition premium. Refer to Note 3 – “Regulatory Matters” for additional information. In addition, an immaterial adjustment to goodwill was recorded during the second quarter of 2025.
Changes in the carrying value of goodwill were as follows (in thousands):
| December 31, 2024 | $9,486 |
|---|---|
| Reclass to regulatory assets | (2,959) |
| Other adjustments | (245) |
| June 30, 2025 | $6,282 |
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