AMERICAN STATES WATER CO
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Feb 18, 2026
AWR$89.90-0.2%Stored close · as of Nov 10, 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, 2025 and 2024
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Assets | ||
| Utility Plant | ||
| Regulated utility plant, at cost: | ||
| Water | $2,414,314 | $2,227,311 |
| Electric | 229,792 | 171,127 |
| Total | 2,644,106 | 2,398,438 |
| Non-regulated utility property, at cost | 50,397 | 44,457 |
| Total utility plant, at cost | 2,694,503 | 2,442,895 |
| Less — accumulated depreciation | (653,667) | (648,199) |
| 2,040,836 | 1,794,696 | |
| Construction work in progress | 255,483 | 304,929 |
| Net utility plant | 2,296,319 | 2,099,625 |
| Other Property and Investments | 58,664 | 50,418 |
| 58,664 | 50,418 | |
| Current Assets | ||
| Cash and cash equivalents | 18,824 | 26,661 |
| Accounts receivable — customers, less allowance for doubtful accounts | 38,321 | 37,699 |
| Unbilled receivable (Note 2) | 26,621 | 28,446 |
| Receivable from U.S. government, less allowance for doubtful accounts (Note 2) | 46,400 | 41,000 |
| Other accounts receivable, less allowance for doubtful accounts | 6,127 | 6,415 |
| Income taxes receivable | — | 65 |
| Materials and supplies | 16,406 | 15,140 |
| Regulatory assets — current | 39,396 | 50,504 |
| Prepayments and other current assets | 7,551 | 7,286 |
| Contract assets (Note 2) | 31,428 | 20,130 |
| Total current assets | 231,074 | 233,346 |
| Other Assets | ||
| Unbilled revenue — receivable from U.S. government (Note 2) | 1,258 | 3,423 |
| Receivable from U.S. government (Note 2) | 27,660 | 35,486 |
| Contract assets (Note 2) | 79 | 1,518 |
| Operating lease right-of-use assets | 6,093 | 8,028 |
| Regulatory assets | 30,073 | 27,101 |
| Other | 63,872 | 41,264 |
| Total other assets | 129,035 | 116,820 |
| Total Assets | $2,715,092 | $2,500,209 |
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Capitalization and Liabilities | ||
| Capitalization | ||
| Common shareholders’ equity | $1,045,581 | $920,051 |
| Long-term debt | 782,700 | 640,382 |
| Total capitalization | 1,828,281 | 1,560,433 |
| Current Liabilities | ||
| Notes payable to banks | — | 124,000 |
| Long-term debt — current | 8,209 | 385 |
| Accounts payable | 86,021 | 88,591 |
| Income taxes payable | 1,169 | 481 |
| Accrued other taxes | 12,871 | 16,694 |
| Accrued employee expenses | 16,193 | 15,523 |
| Accrued interest | 9,545 | 8,133 |
| Contract liabilities (Note 2) | 11,735 | 5,662 |
| Operating lease liabilities | 2,062 | 2,074 |
| Purchase power contract derivative at fair value (Note 5) | 15,503 | 8,823 |
| Other | 11,304 | 15,159 |
| Total current liabilities | 174,612 | 285,525 |
| Other Credits | ||
| Notes payable to banks | 141,000 | 165,000 |
| Advances for construction | 77,976 | 69,856 |
| Contributions in aid of construction — net | 179,277 | 160,306 |
| Deferred income taxes | 194,121 | 180,173 |
| Regulatory liabilities | 60,205 | 22,926 |
| Unamortized investment tax credits | 873 | 942 |
| Accrued pension and other post-retirement benefits | 36,557 | 33,816 |
| Operating lease liabilities | 4,406 | 6,394 |
| Other | 17,784 | 14,838 |
| Total other credits | 712,199 | 654,251 |
| Commitments and Contingencies (Notes 14 and 15) | ||
| Total Capitalization and Liabilities | $2,715,092 | $2,500,209 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.