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AMERICAN STATES WATER CO

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

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About this filing

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

AWR$89.98+1.3%Stored close · as of Nov 6, 2026
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

for the quarterly period ended September 30, 2024

or

☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

for the transition period from to

Commission file number 001-14431

American States Water Company

(Exact Name of Registrant as Specified in Its Charter)

California95-4676679
(State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification No.)
630 E. Foothill BlvdSan DimasCA91773-1212
(Address of Principal Executive Offices)(Zip Code)

(909)394-3600

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Commission file number 001-12008

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading symbolName of each exchange on which registered
Common sharesAWRNew York Stock Exchange

Golden State Water Company

(Exact Name of Registrant as Specified in Its Charter)

California95-1243678
(State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification No.)
630 E. Foothill BlvdSan DimasCA91773-1212
(Address of Principal Executive Offices)(Zip Code)

(909)394-3600

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading symbolName of each exchange on which registered
N/AN/AN/A

Indicate by check mark whether Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

American States Water CompanyYesxNo¨
Golden State Water CompanyYesxNo¨

Indicate by check mark whether Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or such shorter period that the Registrant was required to submit such files).

American States Water CompanyYesxNo¨
Golden State Water CompanyYesxNo¨

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

American States Water Company

Large accelerated filerxAccelerated filer¨Non-accelerated filer¨Smaller reporting company☐Emerging growth company☐

Golden State Water Company

Large accelerated filer¨Accelerated filer¨Non-accelerated filerxSmaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Indicate by check mark whether Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

American States Water CompanyYes☐Nox
Golden State Water CompanyYes☐Nox

As of November 5, 2024, the number of common shares, no par value (“Common Shares”) outstanding of American States Water Company was 37,796,873. As of November 5, 2024, all of the 171 outstanding shares of common stock, no par value, of Golden State Water Company were owned by American States Water Company.

Golden State Water Company meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q and is therefore filing this Form, in part, with the reduced disclosure format for Golden State Water Company.

and

FORM 10-Q

INDEX

Glossary of Terms
Information Regarding Forward-Looking Statements
Part IFinancial Information3
Item 1:Financial Statements1
Consolidated Balance Sheets of American States Water Company as of September 30, 2024 and December 31, 20232
Consolidated Statements of Income of American States Water Company for the Three and Nine Months Ended September 30, 2024 and 20234
Consolidated Statements of Changes in Common Shareholders' Equity for the Nine Months Ended September 30, 20245
Consolidated Statements of Changes in Common Shareholders' Equity for the Nine Months Ended September 30, 20236
Consolidated Statements of Cash Flows of American States Water Company for the Nine Months Ended September 30, 2024 and 20237
Balance Sheets of Golden State Water Company as of September 30, 2024 and December 31, 20238
Statements of Income of Golden State Water Company for the Three and Nine Months Ended September 30, 2024 and 202310
Statements of Changes in Common Shareholder's Equity for the Nine Months Ended September 30, 202411
Statements of Changes in Common Shareholder's Equity for the Nine Months Ended September 30, 202313
Statements of Cash Flows of Golden State Water Company for the Nine Months Ended September 30, 2024 and 202313
Notes to Consolidated Financial Statements14
Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations26
Item 3:Quantitative and Qualitative Disclosures About Market Risk57
Item 4:Controls and Procedures57
Part IIOther Information
Item 1:Legal Proceedings58
Item 1A:Risk Factors58
Item 2:Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities58
Item 3:Defaults Upon Senior Securities58
Item 4:Mine Safety Disclosure58
Item 5:Other Information59
Item 6:Exhibits60
Signatures62
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